Eastern Bank Charitable Foundation
/OVERVIEW: The Eastern Bank Charitable Foundation supports human services, family and children, education, women and girls, economic revitalization, healthcare, social justice, and other community needs in Massachusetts, New Hampshire, and Rhode Island.
FUNDING AREAS: Human services, family and children, education, women and girls, economic revitalization, healthcare, social justice, other community needs
IP TAKE: This is an approachable bank foundation with a well-established grantmaking program and a strong regional focus.
PROFILE: Established over 25 years ago, the Eastern Bank Charitable Foundation (EBCF) is a corporate foundation based in Boston Massachusetts. It is the charitable arm of Eastern Bank, America’s oldest and largest mutual bank founded in 1818. The foundation aims to "support impactful organizations across our geographic footprint.” It funds local efforts for human services, family and children, education, women and girls, economic revitalization, healthcare, social justice, and other community needs.
The Eastern Bank Charitable Foundation awards Community Grants that average $2,500 each on a rolling basis throughout the year. The funder’s CITC grants go to community development corporations in Massachusetts and are usually less than $5,000. EBCF Neighborhood Grants are unique in that they fund groups that do not have a 501(c)(3) status and commonly fund youth activities, chamber of commerce events, fundraisers, and trade organizations. Grants for Good is a grant program that has a different topical focus each year, such as early childhood development or advancing women. In addition to the charitable foundation, the bank also provides financial education programs and offers community rooms.
Grants range between about $2,500 and $500,000. Learn more about this funder’s local giving by examining its recent tax records. Grantmaking focuses on eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island. Past local grantees include the Urban College of Boston, The Boston Basics, Easterseals NH, and Children’s Friend and Service.
This foundation accepts unsolicited grant applications from nonprofits and uses an online grants management system. It reviews some types of grant requests on a rolling basis and has application deadlines for others. Direct general questions to the staff atfoundation@easternbank.com or 781-598-7596.
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