Eastern Bank Charitable Foundation Announces Additional 2018 Partnership Grant GivingDecember 3, 2018
Bringing The Total To $500,000 Awarded To Nonprofits For Capital Needs
BOSTON, December 3, 2018 – Responding to a strong community need raised by local nonprofits, Eastern Bank, America’s oldest and largest mutual bank, has announced that the Eastern Bank Charitable Foundation is granting additional Partnership Grants as part of its 2018 charitable giving. As a result, a total of $500,000 will now be awarded to 20 nonprofit organizations by year-end to specifically address their capital needs.
“A continuing challenge faced by many nonprofits is funding their general capital needs. We heard the demand and elected to award additional Partnership Grants in 2018 to help address it,” said Bob Rivers, Chair and CEO of Eastern Bank. “These grants will be applied to a variety of capital-focused programs in the community, such as direct contributions to capital campaigns and support of new construction for life skills, counseling and early education centers.”
Eastern Bank’s Partnership Grants are awarded at $25,000 each to nonprofits in communities from New Hampshire to Rhode Island and throughout Cape Cod, MetroWest, Greater Boston and the North Shore, South Shore and Merrimack Valley.
The newest Partnership Grant recipients are:
Cambridge Community Center (Cambridge, MA)
Cape Abilities (Hyannis, MA)
Elizabeth Stone House (Roxbury, MA)
The Fitch Home (Melrose, MA)
Food Link (Arlington, MA)
Granite Pathways (Concord, NH)
Horizons for Homeless Children (Roxbury, MA)
Interfaith Social Services (Quincy, MA)
Lazarus House (Lawrence, MA), and
Rhode Island Community Food Bank (Providence, RI)
Earlier this year, ten other Partnership Grants were awarded to: Boston Rescue Mission (Boston); Community Health Center of Cape Cod (Mashpee); JOI Child Care Center (Lynn); Merrimack Valley Food Bank (Lowell); Mission Hill Neighborhood Housing Services (Mission Hill); Plummer Youth Promise (Salem); Raw Art Works (Lynn); Signature Healthcare (Brockton); The Way Home (Manchester, NH); and Toward Independent Living and Learning (Dedham).
Since 1999, on average, Eastern Bank has given 10 percent of its net income—seven times the national average—to charity each year, which now totals over $110 million. The Eastern Bank Charitable Foundation has several different grantmaking programs set up to support the Bank’s culture rooted in community service and the pursuit of social justice and opportunity for all, with Partnership Grants specifically dedicated to funding nonprofit capital needs.
Information about all of Eastern Bank’s grant-giving programs is available here.
About Eastern Bank
Founded in 1818 and celebrating its 200th anniversary in 2018, Boston-based Eastern Bank is America’s oldest and largest mutual bank, with $11 billion in assets and over 120 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire and Rhode Island. Eastern provides exceptional access to fairly priced banking, investment and insurance products and services for consumers and businesses of all sizes, and for the eighth consecutive year is the #1 U.S. Small Business Administration lender in New England. Eastern Bank, which includes Eastern Wealth Management and Eastern Insurance, is known for its outspoken advocacy and community support that has exceeded more than $110 million in charitable giving since 1999. The Eastern Bank Charitable Foundation is a leader in corporate philanthropy and serves as the charitable arm of Eastern Bank. An inclusive company, Eastern employs 1,900+ deeply committed professionals who value relationships with their customers, colleagues and communities. Join us for good at www.easternbank.com and follow Eastern on Facebook, LinkedIn, Twitter and Instagram.
###Back to newsroom