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Eastern Bank Charitable Foundation Announces Partnership Grant Recipients

September 7, 2018

Grant-Giving Program Provides $250,000 To Support The Capital Needs Of Nonprofit Organizations

BOSTON, September 7, 2018 – Eastern Bank, America’s oldest and largest mutual bank, today announced it has granted a total of $250,000 in Partnership Grants. These grants are going to 10 nonprofit organizations to specifically address their capital needs.

“Nonprofits provide services essential to building thriving communities, yet their growth is stymied far too often. We realized this as an area where we could help to do good and established our Partnership Grant program to specifically fund capital needs,” said Bob Rivers, Chair and CEO of Eastern Bank. “Nonprofits are no different than for profit businesses in that they require funding to grow, but it can be especially challenging for nonprofits to secure it. We’re proud to support and congratulate the 2018 Partnership Grant recipients.”

Eastern Bank’s Partnership Grants are awarded at $25,000 each to
10 nonprofits in communities from New Hampshire to Cape Cod and throughout the North Shore, South Shore, Merrimack Valley, MetroWest and Greater Boston.

The 2018 Partnership Grant recipients are:
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)
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.

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