Financial Information

Total Assets: $55,142,525

Total Giving: $3,846,792

Area of Service:


Areas of Interest:

Not Available




The following grants were reported in 2007:
$1,000,000 to NSMC Healthcare, Salem, MA, payable over 1 year.
$1,000,000 to NSMC Healthcare, Salem, MA, payable over 1 year.
$50,000 to Childrens Friend, Worcester, MA, payable over 1 year.
$50,000 to YMCA of Greater Lynn, Lynn, MA, payable over 1 year.
$47,000 to Salem State College, Salem, MA, payable over 1 year.
$40,000 to Cotting School, Lexington, MA, payable over 1 year.
$30,000 to New England Sinai Hospital and Rehabilitation Center, Stoughton, MA, payable over 1 year.
$10,000 to Bay Farm Montessori Academy, Duxbury, MA, payable over 1 year.
$9,530 to Bay State Community Services, Quincy, MA, payable over 1 year.
$4,280 to Rehabilitation Hospital of the Cape and Islands, East Sandwich, MA, payable over 1


Giving primarily in eastern MA.


The foundation supports organizations involved with education, health, employment, affordable housing, human services, and community development.


Type of Grantmaker: Company-sponsored foundation, Established in 1994 in MA.

Quick Facts Sheet


Located in:



United States

Contact Information / Process

Phone: Not available

Email: [email protected]

195 Market St., EP5-02
Lynn, MA 01901-1508

Community Donations are grants less than $10,000. Partnership Grants are grants greater than $10,000. Partnership Grants generally do not exceed $50,000. Partnership Grants are limited to 1 contribution per organization during any given 3-year period. Organizations that do not meet the eligibility requirements for Community Donations or Partnership Grants, may apply for Neighborhood Support. Neighborhood Support are grants usually less than $500. Application form required. Applicants should submit the following:
1. Name, address and phone number of organization
2. Copy of IRS Determination Letter
3. Brief history of organization and description of its mission
4. Copy of most recent annual report/audited financial statement/990
5. Detailed description of project and amount of funding requested
6. Contact person
7. Copy of current year’s organizational budget and/or project budget
Initial approach: Complete online application
Board meeting date(s): Monthly for Community Donations; Semi-annually for Partnership Grants
Deadline(s): None for Community Donations; Mar. 1 and Sept. 1 for Partnership Grants; None for Neighborhood Support
Final notification: 60 days for Community Donations; May and Nov. for Partnership Grants; 60 days for Neighborhood Support
Additional information: Visit Web site for detailed application guidelines.

Donors & Leadership

Eastern Bank

Richard C. Bane
Deborah Hill Bornheimer
Daryl A. Hellman
Richard E. Holbrook
Deborah C. Jackson
Andre C. Jasse, Jr.
Wendell J. Knox
Stanley J. LGBowski
Peter K. Markell
George E. Massaro
Henry L. Murphy, Jr., Esq.
Thomas S. Olsen
E. Joel Peterson
Roger D. Scoville
Michael B. Sherman