Impact Grants

Impact Grants is sponsored by Eastern Bank Foundation. These grants aim to enhance Economic Inclusion and Mobility for Low to Moderate Income (LMI) individuals and families.

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We strive to support that change with our philanthropy, and we invite applicants working on community solutions to submit donation requests at any time. Decisions are made on a rolling basis. You can generally expect a decision from us within 60 days of a submitted application.

The Eastern Bank Foundation funds organizations of all sizes. View our list of **grant recipients**. _Private Foundations, organizations with IRS sub-designation as a 509(a)(3), and international organizations are not eligible for donations or grants from the Eastern Bank Foundation.

_ ## What Kinds of Donations Does Eastern Bank Foundation Offer? With our **Community Donations** we support organizations that have a 501(c)(3) designation from the IRS. These donations are used for many purposes including galas, golf tournaments, and other events, as well as program support for new and existing programs, purchase of equipment or supplies, etc. Donations generally range from $1,000 to $10,000.

**Neighborhood Donations** Our **Neighborhood Donations** are focused on organizations that do not have a 501(c)(3) designation. Donations can be used for program support and/or event sponsorship. Donations generally range from $100 to $1,000.

**Community Investment Tax Credit (CITC) Donations** We also are proud to support registered **Community Development Corporations (CDC) organizations** which hold a 501(c)(3) IRS designation and are eligible for Community Investment Tax Credit program (CITC) in Massachusetts. Please note that the timing of these donations is subject to approval of grant funds from the state of origin.

Our **Impact Grants**support organizations that are advancing economic inclusion and mobility in one or more of our five strategy areas: •Advancing equity in the small business ecosystem •Enriching early childhood development (age 0-5) •Securing safe and affordable housing •Promoting workforce development for adults facing barriers to employment (age 26+) •Innovating in economic inclusion and mobility Impact Grants can be multi-year, and generally range from $50,000 to $150,000.

We use a two-step process for consideration. Learn more about **Impact Grants** and how we invest in our communities. **STEP 1: Submit a Letter of Inquiry.

**A Letter of Inquiry can be submitted online at any time and, if determined to be in line with our funding priorities, your organization may be invited to complete an application. **STEP 2: Complete an application. ** Requests for Impact Grants usually require discussion and generally take 90 days (and sometimes longer) for a decision, depending on the scope of the proposal.

View our **Application Guide** to assist with the application process. Click here to return to the Eastern Bank Foundation homepage Did you find what you were looking for on this webpage? Do you have anything else to tell us??

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