Business
Eastern Bank’s Foundation Announces Expansion Of Its Work
A New Name – the Eastern Bank Foundation – Reflects A Philosophy Of Investing In The Community To Create Systems Change Long-Standing Support Of Grassroots
About this update from Eastern Bankshares, Inc.
[{"type":"text","content":"\n\nA New Name – the Eastern Bank Foundation – Reflects A Philosophy Of Investing In The Community To Create Systems Change\n\n\nLong-Standing Support Of Grassroots Community Donations Remains A Core Strategy\n\n\nIncreased Commitment To Advance Economic Inclusion and Mobility \n\n\nAdditional $2 Million For COVID-19 Support Is Announced, Bringing Total COVID-19 Support To $15 Million Since 2020\n\n\n BOSTON--(BUSINESS WIRE)--\nThe Foundation and philanthropic arm of Boston-based Eastern Bank today announced an expanded approach to its work including:\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210517005811/en/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)\n\nA 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;\n\n\n\nContinued 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;\n\n\n\nA 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\n\n\n\nAn 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.\n\n\n“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.\n\nEastern Bank Foundati...