Charitable Foundation

Charitable Foundation

East Cambridge Savings Charitable Foundation was formed in May of 1997 to support community organizations that  work to address and support affordable housing, education, family and youth services and senior citizens. Since the Foundation’s incorporation, the Bank has contributed over $2.4 million to support these causes. While many donations are monetary, the Bank is also committed to partnering with our neighbors through volunteer efforts, collaborating on meeting community needs, providing educational resources and serving as a responsible corporate citizen. Giving is targeted to the Bank’s Community Reinvestment Act (CRA) Assessment Area: Arlington, Belmont, Cambridge, Chelsea, Everett, Lexington, Lynn, Malden, Medford, Newton, Revere, Saugus, Somerville, Waltham, Watertown, Winchester, and Woburn.

In addition to charitable giving, East Cambridge Savings Bank employees volunteer hundreds of hours each year, serve on numerous nonprofit boards, and organize clothing, food, and toy drives. For the past seven consecutive years, East Cambridge Savings Bank has been recognized as one of the Top 100 Charitable Contributors in Massachusetts by the Boston Business Journal.


Guidelines for Grant Applications

Requirements:
  • Must be a 501 (c)(3) Non-Profit Organization or have Tax-Exempt status.
  • Eligible organizations are those that support the Bank’s charitable giving missions (children and families, housing, education, and senior citizens).
  • Must be headquarted in or primarily serve one or more of the following communities: Arlington, Belmont, Cambridge, Chelsea, Everett, Lexington, Lynn, Malden, Medford, Newton, Revere, Saugus, Somerville, Waltham, Watertown, Winchester, Woburn.
  • The request must be program or project specific.
  • Requests can be submitted using the Charitable Foundation Request Form found at the end of this page. 
  • All requests must speak to how the grant from the Bank will make a direct and positive impact in one or more of the following areas: housing, education, children and families, and/or senior citizens.
  • Charitable Foundation grant applications may be submitted one time per calendar year and applications will be reviewed twice per calendar year. The application deadlines are March 15 and September 15. Organizations that apply for a foundation grant by the March 15 deadline, but do not receive funding may not apply again for consideration for the September 15 deadline.

East Cambridge Charitable Foundation Grant Request

If you have any questions or would like to speak to us directly regarding your request, please contact Leo Gayne at lgayne@ecsb.com or 617.551.2353.

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