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  4. Eastern Bank Foundation (EBCF)
EIN 22-3317340

Eastern Bank Foundation (EBCF)

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Lynn
State
Massachusetts
Year formed
1995
Most recent tax filings
2023-12-01
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
$13,756,626
2023
Total expenses
$16,617,121
2023
Total assets
$224,864,419
2023
Num. employees
0
2023

Program areas at EBCF

Community investment tax credit refund

Grants made by EBCF

GranteeGrant descriptionAmount
New Commonwealth Racial Equity and Social Justice FundExempt Purpose$1,000,000
The Boston Foundation (TBF)Exempt Purpose$637,500
Children's Services of Roxbury (CSR)Exempt Purpose$285,000
...and 734 more grants made totalling $8,421,463

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 12/2023
Total grants, contributions, etc.$0
Investment income and dividends$5,172,056
Net rental income$0
Net gain from sale of non-inventory assets$8,415,674
Gross sales of inventory$0
Miscellaneous revenues$168,896
Total revenues$13,756,626

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

Organizations like EBCF

OrganizationLocationRevenue
Morgan Stanley FoundationNew York, NY$7,618,491
American Electric Power FoundationWilmington, DE$5,857,994
The Huntington FoundationColumbus, OH$21,634,900
Nelnet FoundationLincoln, NE$4,055,790
FirstEnergy FoundationAkron, OH$5,501,776
Keybank FoundationCleveland, OH$25,863,883
Corning Incorporated FoundationCorning, NY$3,569,297
Motorola Solutions FoundationChicago, IL$13,797,250
The Cleveland-Cliffs FoundationCleveland, OH$6,646,330
Santander Consumer USA FoundationDallas, TX$5,996,762
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 employeesAccepts online donations
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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