Banker

Eastern Bank announced earlier this week that it has made a $25,000 grant to Plummer Youth Promise, an organization that works to ensure that every young person has a family unconditionally committed to nurture, protect and guide them to successful adulthood.

The grant will support 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,” Bob Rivers, chairman and CEO of Eastern Bank, said in a statement. “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,” Plummer Youth Promise Executive Director James Lister said in a statement. “So this grant money is extremely helpful and we are very grateful to Eastern Bank.”

On average since 1999, Eastern Bank has given 10 percent of its net income – seven times the national average – to charity each year, with donations now totaling over $110 million.

The Eastern Bank Charitable Foundation has several different grant-making 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, Metro West and Greater Boston.