Eastern Bank’s Foundation Announces Expansion Of Its Work
The Eastern Bank Foundation has announced an expanded approach to its philanthropic efforts, now rebranded as the Eastern Bank Foundation. This reflects a shift from traditional charity to investing in systemic change within communities. Key initiatives include continued grassroots community donations, a dedicated commitment to eliminating regional inequities, and an additional $2 million for COVID-19 support, totaling $15 million in relief efforts. The foundation focuses on equitable access to resources, advocating for change by listening to community experiences.
- Rebranding to Eastern Bank Foundation emphasizes systemic investment over charity.
- Continued grassroots donations support various community needs.
- Commitment to eliminating regional inequities through local organizations.
- Additional $2 million for COVID-19 support increases total relief to $15 million.
- None.
The Foundation and philanthropic arm of Boston-based Eastern Bank today announced an expanded approach to its work including:
Eastern Bank Foundation's philanthropy fuels its corporate volunteerism and advocacy and is, in turn, influenced by it. Collaborations with community partners deepen the impact. (Graphic: Business Wire)
- A name change, from Eastern Bank Charitable Foundation to Eastern Bank Foundation, eliminating the word “charitable” to reflect the recognition that its work is not charity for those less fortunate, it is an investment in systems change for and with our communities; as part of a growing movement in the philanthropy sector to partner with rather than only provide for communities in need;
- Continued support of grassroots Community Donations as a core strategy, which provide millions of dollars in assistance to community nonprofit organizations addressing a variety of needs across eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island;
- A significant commitment to eliminating inequities in the region by supporting local organizations dedicated to affecting systemic and sustained change to advance Economic Inclusion and Mobility; and
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An additional
$2 million in COVID-19 support for equity in access to vaccines and culturally-inclusive outreach to communities of color; bringing its COVID-19 Relief total to$15 million .
“We believe the way to achieve sustainable change is through listening and responding to the lived experiences of people in our communities, trusting their priorities, and partnering on innovative ways to dismantle centuries-old social and economic hierarchies that produce and reinforce inequities,” said Nancy Huntington Stager, President and CEO of the Eastern Bank Foundation.
Eastern Bank Foundation uses its voice to advocate for systemic change that advances equity and rally community partners and corporations to broaden support for change. Eastern colleagues volunteer their time, which includes more than 500,000 volunteer hours since 1994, passion and exp
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