Eastern Bank Gives $25,000 Grant To Salem Nonprofit

SALEM, MA - From Eastern Bank: Plummer Youth Promise, an organization working tirelessly to ensure that every young person has a family unconditionally committed to nurture, protect, and guide them to successful adulthood, today announced it has received a $25,000 Partnership Grant from Eastern Bank, America’s oldest and largest mutual bank. The grant will support much needed building improvements at the Plummer group home facilities on Winter Island.

“Nonprofits provide services essential to building thriving communities, yet their growth is stymied far too often. We realized this as an area where we could help to do good and established our Partnership Grant program to specifically fund capital needs,” said Bob Rivers, Chair and CEO of Eastern Bank. “Nonprofits are no different than for profit businesses in that they require funding to grow, but it can be especially challenging for nonprofits to secure it. We’re proud to support and congratulate the 2018 Partnership Grant recipients.”

“Money for capital projects is harder to come by as people often want to fund a service that will go directly to a helping a young person,” says Executive Director James Lister, “so this grant money is extremely helpful and we are very grateful to Eastern Bank.”

Since 1999, on average, Eastern Bank has given 10 percent of its net income—seven times the national average—to charity each year, which now totals over $110 million. The Eastern Bank Charitable Foundation has several different grantmaking programs that support the Bank’s culture rooted in community service and the pursuit of social justice and opportunity for all. The Foundation’s Partnership Grant program specifically funds nonprofit capital needs. Plummer Youth Promise is among 10 nonprofits each receiving a $25,000 Partnership Grant in 2018. In total, Eastern is granting $250,000 in Partnership Grants this year to nonprofits in communities from New Hampshire to Cape Cod and throughout the North Shore, South Shore, Merrimack Valley, MetroWest and Greater Boston.

Information about all of Eastern Bank’s grant-giving programs is available here.

About Eastern Bank Founded in 1818 and celebrating its 200th anniversary in 2018, Boston-based Eastern Bank is America’s oldest and largest mutual bank, with $11 billion in assets and over 120 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire and Rhode Island. Eastern provides exceptional access to fairly priced banking, investment and insurance products and services for consumers and businesses of all sizes, and for the eighth consecutive year is the #1 U.S. Small Business Administration lender in New England. Eastern Bank, which includes Eastern Wealth Management and Eastern Insurance, is known for its outspoken advocacy and community support that has exceeded more than $110 million in charitable giving since 1999. The Eastern Bank Charitable Foundation is a leader in corporate philanthropy and serves as the charitable arm of Eastern Bank. An inclusive company, Eastern employs 1,900+ deeply committed professionals who value relationships with their customers, colleagues and communities. Join us for good at https://www.easternbank.com/.

About Plummer Youth Promise Founded in 1855 on the North Shore of Massachusetts, Plummer Youth Promise is a non-profit organization that serves area young people who are in or at risk of entering the foster care or juvenile justice system. Plummer operates residential and community-based programs and its innovative permanency platform has been held up as a national model for similar social service agencies. Their Promise is to work tirelessly to ensure every youth in their care have someone to call family – someone unconditionally committed to nurture, protect and guide them to successful adulthood.

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