Horizons for Homeless Children Receives $25,000 Partnership Grant For Capital Needs

Grant From Eastern Bank Charitable Foundation to fund the new Horizons Center In Roxbury, MA

Roxbury, MA – December 13, 2018 – Horizons for Homeless Children, a nonprofit organization dedicated to improving the lives of young homeless children and their families, today announced it has received a $25,000 Partnership Grant from Eastern Bank, America’s oldest and largest mutual bank. The grant will support a capital project underway in Boston’s neighborhood of Roxbury.

“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.”

“Our partnership with Eastern Bank has been a critical component of our funding mix as we begin construction on the Horizons Center, a unique public/private joint venture that will allow Horizons to serve more children and create a single and accessible home for social service agencies dedicated to transforming the education, health and well-being of at-risk children and families in Boston,” said Kate Barrand, president and CEO of Horizons for Homeless Children. “Eastern Bank was quick to see the positive impact this project will have and chose to support us with both capital financing and this grant, in hopes that their investment would encourage others to do the same.”

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. Horizons for Homeless Children is among 20 nonprofits each receiving a $25,000 Partnership Grant in 2018. In total, Eastern is granting $500,000 in Partnership Grants this year to nonprofits in communities from New Hampshire to Rhode Island and throughout Cape Cod, Metrowest, Greater Boston and the North Shore, South Shore and Merrimack Valley.

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 www.easternbank.com and follow Eastern on Facebook, LinkedIn, Twitter and Instagram.

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