Annual Community Support From The Eastern Bank Charitable Foundation Exceeds $22 Million, An All-Time High - Seite 2

• In March of this year, EBCF’s $3 million investment supported organizations providing relief in food security and access to community healthcare, and helping small businesses, with a focus on small businesses of color.
• In May, EBCF announced an additional $5 million philanthropic investment to help address the impact of the pandemic on the most vulnerable populations with a focus on early childhood development; immigrants, refugees, and asylum-seekers; individuals and families who are homeless; victims of domestic violence; elders in our communities; and people with mental and cognitive health challenges. 

In total, $11 million in COVID-19 relief grants has been provided to hundreds of local and regional organizations in Massachusetts, New Hampshire and Rhode Island in 2020.

Enabling Grassroots Impact Through Ongoing Community Donations
EBCF continues to provide ongoing community donations to support the varied needs of the communities it serves, as it has for decades. Total community donations are estimated to be over $5 million to over 1,800 nonprofit organizations this year.

In addition, in 2020, EBCF donated over $5 million to organizations and causes addressing issues of economic inclusion and mobility.

As a response to the enormous need caused by COVID-19 and the philanthropic giving that often happens this time of year, Eastern Bank customers are also encouraged to use Eastern Give For Good, a new charitable giving account that makes fee-free donations right from an Eastern Mobile and Online Banking account.

About Eastern Bank Charitable Foundation
Created in 1994, the Eastern Bank Charitable Foundation is the philanthropic arm of Boston-based Eastern Bank. Through philanthropy, employee volunteerism, advocacy and collaborations with other businesses and community partners, Eastern Bank Charitable Foundation responds to community needs and supports sustainable solutions to our communities’ most vexing challenges across eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island. In 2020, Eastern Bank Charitable Foundation doubled its donations to provide an additional $11 million in support for individuals and families in our communities during the COVID-19 pandemic. The Foundation’s assets, funded solely by Eastern Bank, include shares of common stock of Eastern Bankshares, Inc. which were donated in connection with its 2020 initial public offering.