Following IPO, Eastern Bank Shifts Focus at Charitable Foundation
NEC member Eastern Bank has updated strategies at its charitable foundation after its initial public offering. The changes include a permanent focus on economic inclusion and upward mobility instead of shifting yearly themes.
Eastern Bank has also appointed Nancy Huntington Stager as the foundation’s new full-time President and CEO. Stager had formerly overseen the foundation part-time while managing Eastern Bank’s human resources division. Support for minority-owned business has become a staple of Eastern Bank’s charitable endeavors. The foundation will focus on economic inclusion through four distinct initiatives: entrepreneurs of color, affordable housing, early childhood education, and workforce development.
“We want to be true partners, not just donors. And that means we have to have long-term relationships in each of those four areas,” Stager said.
The New England Council commends Eastern Bank for this renewed focus on economic inclusion. Read more from the Boston Business Journal.
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