Business Wire
Eastern Bank Charitable Foundation (EBCF), the philanthropic arm of Eastern Bank, today announced its annual community support is expected to exceed $22 million, an all-time high, by the end of 2020. This includes an additional $3 million philanthropic investment to help address the impact of COVID-19 in the communities Eastern Bank serves. Added to the $8 million provided earlier this year, EBCFs total for COVID-19 philanthropic relief for the year now stands at $11 million. EBCFs 2020 philanthropy also includes continued grassroots community support in a range of areas led by nonprofit organizations in the communities where Eastern Bank operates, as well as further philanthropic support to address economic inclusion and mobility, particularly at the intersections of equity for businesses of color, early childhood development, safe and affordable housing, and workforce development, all areas experiencing growing need during the pandemic.
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