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  4. Eastern Bank Foundation Foundation / K / A Eastern Bank Charitable Foundation (EBCF)
EIN 22-3317340

Eastern Bank Foundation Foundation / K / A Eastern Bank Charitable Foundation (EBCF)

IRS 501(c) type
501(c)(3)
Num. employees
Unknown
City
Lynn
State
Massachusetts
Year formed
1995
Most recent tax filings
2022-12-01
NTEE code, primary
T21: Corporate foundations
Description
The Eastern Bank Charitable Foundation is a leader in corporate philanthropy and serves as the charitable arm of Eastern Bank. For almost 200 years, Eastern Bank has contributed to the health and vitality of the communities they serve.
Also known as...
Eastern Bank Charitable Foundation
Total revenues
$22,964,256
2022
Total expenses
$18,614,609
2022
Total assets
$232,137,464
2022
Num. employees
n/a

Program areas at EBCF

Community investment tax credit refund

Grants made by EBCF

GranteeGrant descriptionAmount
The Boston Foundation (TBF)Exempt Purpose$1,600,000
Greater Boston Chamber of Commerce FoundationExempt Purpose$353,000
Inquilinos Boricuas En Accion (IBA)Exempt Purpose$260,000
...and 730 more grants made totalling $10,924,784

Personnel at EBCF

NameTitle
Nancy Huntington StagerPresident and Chief Executive Officer
Timothy J. LodgePresident and Chief Executive Officer of Eastern Insurance Group LLC
Turahn DorseyChief Impact Officer
Kathleen C. HenryExecutive Vice President, General Counsel and Corporate Secretary of Eastern Bankshares, Inc and Eastern Bank; Chief Human Resources Officer of Eastern Bank
Jeff PreviouslyExecutive Director
...and 3 more key personnel

Financials for EBCF

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Investment income and dividends$4,908,162
Net rental income$0
Net gain from sale of non-inventory assets$17,932,344
Gross sales of inventory$0
Miscellaneous revenues$123,750
Total revenues$22,964,256

Form 990s for EBCF

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-11990PFView PDF
2021-122022-05-11990PFView PDF
2020-122021-04-30990PFView PDF
2019-122020-08-31990PRView PDF
2018-122019-06-04990PFView PDF
...and 8 more Form 990s
Data update history
October 7, 2023
Updated personnel
Identified 2 new personnel
August 17, 2023
Posted financials
Added Form 990PF for fiscal year 2021
July 8, 2023
Posted financials
Added Form 990PF for fiscal year 2022
July 8, 2023
Updated personnel
Identified 2 new personnel
June 27, 2023
Used new vendors
Identified 3 new vendors, including , , and
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedTax deductible donationsNo full-time employees
General information
Address
195 Market St Ep 5-01
Lynn, MA 01901
Metro area
Boston-Cambridge-Newton, MA-NH
Website URL
easternbank.com/eastern-bank-foundation-0 
IRS details
EIN
22-3317340
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1995
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T21: Corporate foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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