Eastern Bank Foundation
LYNN, MA EIN: 22-3317340
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$249.7M
+11.0% YoY
Annual Giving
$14.7M
+22.3% YoY
Grant Count
1
-99.9% YoY
Avg Grant Size
$14.7M
+169719.0% YoY
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Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $249,698,317 | $224,864,419 | $232,137,464 |
| Revenue | $12,733,459 | $13,756,626 | $22,964,256 |
| Expenses | $19,580,366 | $16,617,121 | $18,614,609 |
| Qualifying Distributions | $18,976,973 | $15,883,966 | $18,050,637 |
| Net Investment Income | $12,028,591 | $15,013,054 | $38,194,088 |
| Distributable Amount | $11,539,065 | $10,553,981 | $12,340,580 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5,607 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Eastern Bank Foundation fund?
Explore the funder–grantee relationships behind this foundation, powered by GrantGraph™ — our database of 11 million+ funding connections.
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Bari A Harlam | Trustee | 1 | — |
| Carol N Fulp | Trustee | 1 | — |
| Deborah C Jackson | Trustee | 1 | — |
| Robert F Rivers | trustee | 1 | — |
| James Rudolph | Trustee | 1 | — |
| James Canales | trustee | 1 | — |
| Denis Sheahan | 0 | 1 | — |
| Cathy Schmidt | 0 | 1 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Massachusetts $73.9M (94%)
New Hampshire $2.7M (3%)
Rhode Island $814K (1%)
New York $344K (0%)
District of Columbia $207K (0%)
Ohio $87K (0%)
Texas $48K (0%)
Connecticut $35K (0%)
+36 more states
States
AlabamaArkansasArizonaCaliforniaColoradoConnecticutDistrict of ColumbiaDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriNorth CarolinaNebraskaNew HampshireNew JerseyNew YorkOhioOklahomaOregonPennsylvaniaPrRhode IslandSouth CarolinaTennesseeTexasUtahVirginiaVermontWashingtonWest Virginia
Cities
AbingtonActonAlexandriaAllstonAmesburyAmherstAndoverAnnapolisArlingtonAshlandAssonetAtascaderoAtkinsonAtlantaAttleboroAuburndaleAustinBabson ParkBaltimoreBarnstable
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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