Eastern Bank Foundation – Impact Grant Program
Large-Scale Grants Advancing Economic Mobility & Inclusion
The Eastern Bank Foundation Impact Grant Program provides significant, multi-year capable grant funding to nonprofit organizations serving low- to moderate-income (LMI) individuals and families. Impact Grants support organizations driving systems-level change within Eastern Bank Foundation’s core impact areas.
Organization: Eastern Bank Foundation
Support Type: Impact grants (financial support)
Geographic Focus: Eastern Massachusetts, Southern New Hampshire, Rhode Island
About the Funder
Eastern Bank Foundation’s Impact Grants represent its most strategic investments—supporting organizations with a direct and substantial role in advancing economic mobility, equity, and inclusion. These grants prioritize innovation, scale, and measurable outcomes.
What This Program Supports
Impact Grants fund work aligned with one or more of EBF’s five Impact Areas:
- Advancing equity in the small business ecosystem
- Enriching early childhood development (ages 0–5)
(Not focused on K–16 initiatives) - Meeting the demand for safe, supportive, and affordable housing
- Promoting workforce development for “untapped talent” leading to family-sustaining wages
- Includes immigrant workers, workers with disabilities, and others facing barriers
- Innovative approaches that advance economic mobility and inclusion across these areas
Funding Amounts
💰 Typical Impact Grant Range: $50,000 – $100,000
💰 Larger awards possible for highly aligned, high-impact initiatives
Unlike other EBF funding streams, Impact Grants use a two-step application process.
Eligibility & Requirements
Organizations must:
- Be a 501(c)(3) public charity
- Serve low- to moderate-income individuals or families
- Demonstrate a direct role in driving systems-level change
- Operate within EBF’s geographic footprint
Not eligible:
- Private foundations
- 501(c)(3) organizations with IRS sub-designation 509(a)(3)
Timeline & Review
📅 Application Process: Two-step process
📅 Review Cycle: Competitive, strategic review
Application Process
Applicants should carefully review the 2025 How to Apply Guide prior to starting an application.
Apply / Learn More:
➡️ https://www.easternbank.com/about-us/eastern-bank-foundation/apply
📧 Questions: foundation@easternbank.com
Why This Opportunity Is a Good Fit
This opportunity is best suited for organizations that:
- Work with LMI communities
- Pursue systems change, not short-term relief
- Are ready to manage large, strategic grant funding
- Can demonstrate measurable outcomes and innovation