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Neighbor News

Slew of Lynn nonprofits benefit from East Boston Savings Bank donation

Eight Lynn-based organizations awarded nearly $35,000

East Boston Savings Bank recently funded projects at more than four dozen nonprofit organizations across Massachusetts, and several of the organizations are based here in Lynn.

The local bank, which has been a leader in local banking and an active member in the community for more than 165 years, recently held its annual Charitable Foundation Breakfast, at which announced its plan to donate $236,000 in grants to 54 nonprofits organizations across Massachusetts.

The eight Lynn-based organization are:

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“East Boston Savings Bank was built on a foundation of hard work and dedication to our local communities,” CEO Richard Gavegnano said. “The men and women working for these organizations are our neighbors and our friends. It’s an honor to play a small role in their continued success. This contribution was made out of gratitude for their good work, and to act on our continuing commitment to invest in our community’s future.”

The East Boston Savings Foundation was founded in 1998 to provide funding to support charitable causes and community development activities. To date, the Foundation has donated more than $1.7 million to charitable organizations that serve local communities across the state.

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