Nonprofit · EIN 22-3317340
EASTERN BANK CHARITABLE FOUNDATION
Tax-exempt · WAKEFIELD, MA 01880
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $28,804,020 | $24,320,944 | $4,483,076 | $266,667,184 | $0 | $266,667,184 |
| December 31, 2024 | 990-PF | $12,733,459 | $19,580,366 | -$6,846,907 | $249,698,317 | $0 | $249,698,317 |
| December 31, 2023 | 990-PF | $13,756,626 | $16,617,121 | -$2,860,495 | $224,864,419 | $0 | $224,864,419 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $10,653,126
- Dividends
- $6,040,995
- Net gain from sales of assets
- $11,863,544
- Other income
- $246,355
Expenses
- Grants and similar amounts paid
- $19,023,089
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $23,493,076
- Excise tax on investment income
- $240,490
Balance sheet and other
- Total assets, start of year
- $249,698,317
- Total assets, end of year
- $266,667,184
- Total liabilities, end of year
- $0
- Net assets, end of year
- $266,667,184
- Fair market value of assets
- $266,667,184
- Qualifying distributions
- $24,643,076
- Net investment income
- $17,908,394
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEBORAH C JACKSON 125 HIGH STREET, BOSTON, MA 02110 | TRUSTEE | 1 | $0 |
| CAROL N FULP 125 HIGH STREET, BOSTON, MA 02110 | TRUSTEE | 1 | $0 |
| JAMES E CANALES 125 HIGH STREET, BOSTON, MA 02110 | TRUSTEE | 1 | $0 |
| DENIS K SHEAHAN 125 HIGH STREET, BOSTON, MA 02110 | TRUSTEE | 1 | $0 |
| ROBERT F RIVERS 125 HIGH STREET, BOSTON, MA 02110 | TRUSTEE | 1 | $0 |
| JAMES L RUDOLPH 125 HIGH STREET, BOSTON, MA 02110 | TRUSTEE | 1 | $0 |
| BARI A HARLAM 125 HIGH STREET, BOSTON, MA 02110 | TRUSTEE | 1 | $0 |
| CATHLEEN A SCHMIDT 125 HIGH STREET, BOSTON, MA 02110 | TRUSTEE | 1 | $0 |
| JOSEPH F CASEY AS OF 1112025 125 HIGH STREET, BOSTON, MA 02110 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bari A Harlam 195 Market Street EP 5-01, Lynn, MA 01901 | Trustee | 1 | $0 |
| Carol N Fulp 195 Market Street EP 5-01, Lynn, MA 01901 | Trustee | 1 | $0 |
| Deborah C Jackson 195 Market Street EP 5-01, Lynn, MA 01901 | Trustee | 1 | $0 |
| Robert F Rivers 195 Market Street EP 5-01, Lynn, MA 01901 | trustee | 1 | $0 |
| James Rudolph 195 Market Street EP 5-01, Lynn, MA 01901 | Trustee | 1 | $0 |
| James Canales 195 Market Street EP 5-01, Lynn, MA 01901 | trustee | 1 | $0 |
| Denis Sheahan 195 Market Street EP 5-01, Lynn, MA 01901 | 0 | 1 | $0 |
| Cathy Schmidt 195 Market Street EP 5-01, Lynn, MA 01901 | 0 | 1 | $0 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH T CHUNG 265 FRANKLIN STREET, BOSTON, MA 02110 | TRUSTEE | 1 | $0 |
| BARI A HARLAM 265 FRANKLIN STREET, BOSTON, MA 02110 | TRUSTEE | 1 | $0 |
| CAROL N FULP 265 FRANKLIN STREET, BOSTON, MA 02110 | TRUSTEE | 1 | $0 |
| DEBORAH C JACKSON 265 FRANKLIN STREET, BOSTON, MA 02110 | TRUSTEE | 1 | $0 |
| ROBERT F RIVERS 265 FRANKLIN STREET, BOSTON, MA 02110 | TRUSTEE | 1 | $0 |
| JAMES RUDOLPH 265 FRANKLIN STREET, BOSTON, MA 02110 | TRUSTEE | 1 | $0 |
| JAMES CANALES 265 FRANKLIN STREET, BOSTON, MA 02110 | TRUSTEE | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 601 EDGEWATER DR STE 150, WAKEFIELD, MA 01880-6238
- In care of
- % EASTERN BANK FOUNDATION
- Signed the 990-PF
- TURAHN DORSEY, PRESIDENT & CEO
- Phone
- (781) 598-7595
- Return prepared by
- WOLF & COMPANY PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 22-3317340
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20Z)
- Assets (IRS master file)
- $266,667,184
- Income (IRS master file)
- $71,998,968
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $28,804,020 | $24,320,944 | $266,667,184 | IRS |
| 990-PF | December 2024 | $12,733,459 | $19,580,366 | $249,698,317 | XML |
| 990-PF | December 2023 | $13,756,626 | $16,617,121 | $224,864,419 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-3317340).
Questions about EASTERN BANK CHARITABLE FOUNDATION
- What is the EIN of EASTERN BANK CHARITABLE FOUNDATION?
- The employer identification number (EIN) of EASTERN BANK CHARITABLE FOUNDATION is 22-3317340.
- Is EASTERN BANK CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to EASTERN BANK CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does EASTERN BANK CHARITABLE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of EASTERN BANK CHARITABLE FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EASTERN BANK CHARITABLE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of EASTERN BANK CHARITABLE FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does EASTERN BANK CHARITABLE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $28,804,020, expenses of $24,320,944 and total assets of $266,667,184 at year end.
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