Eastern Charitable Foundation

Foundation · Grantmaker Watertown, MA EIN: 04-6044620

Eastern Charitable Foundation is a private foundation, based in Watertown, MA. IRS filing data is available from 2021 through 2025. In 2025, it awarded 3 grants totaling $131K. Net investment income was $46K.

Key facts about Eastern Charitable Foundation

EIN: 04-6044620
Latest 990 filing: Form 990-PF, 2025
Annual giving (2025): $130,501
Grants made (2025): 3
Average grant: $43,500
Median grant: $48,938
Primary geography: Massachusetts (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Who Eastern Charitable Foundation funds

By grant dollars, the top recipient states for Eastern Charitable Foundation's 3 itemized 2025 grants were Massachusetts (100%). The most frequent recipient cities were Cambridge, MA (2 grants). 33% of grants with a stated purpose were for general or operating support.

How Eastern Charitable Foundation gives

Giving grew 68% from 2022 to 2025. Method
In 2025 it paid out 381% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$131K

Grant Count

Avg Grant Size

$44K

Under IRS private-foundation payout rules, Eastern Charitable Foundation reported a distributable amount of $34K for 2025 — the minimum it must pay out in qualifying distributions.

About Eastern Charitable Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $131K (100%)

Share of all 3 itemized 2025 grant dollars.

States

Alabama Colorado Connecticut Iowa Massachusetts

Cities

CambridgeBostonNew BedfordBecketCharlestownDenverBrightonCedar RapidsDoverEverettJamaica PlainMontgomeryNew HavenWelsley Hills

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	—	$1,398,101	$1,222,621
Revenue	$66,384	$197,458	$51,038
Expenses	$155,324	$21,978	$132,892
Qualifying Distributions	$130,501	—	$85,000
Net Investment Income	$45,939	$175,480	$51,038
Distributable Amount	$34,280	$103,242	$85,288

Data update history

When this profile's IRS filing data changed on Grantable

February 28, 2026 IRS filings on file for fiscal years 2021–2025

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2025

Grant Size Distribution

49 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest recipients include Just a Start Grant ($48,938), Prospect Hill Academy ($48,938), First Church of Cambridge ($32,625).

Recipient	Purpose	Amount
JUST A START GRANT Charlestown, MA	GENERAL ASSISTANCE	$48,938
PROSPECT HILL ACADEMY Cambridge, MA	EDUCATIONAL	$48,938
FIRST CHURCH OF CAMBRIDGE Cambridge, MA	RELIGIOUS	$32,625

Leadership & Key People

Officers and directors from IRS filings

Eastern Charitable Foundation is led by John A. Steinert, President since 2024 (on filings since 2021); none of the 5 officers listed in 2025 report compensation.

Officers on the 2025 filing

John A. Steinert

President

Treasurer → President, 2024

On filings since 2021

1 hr/week

No compensation reported
Alexandra T. Steinert-Evoy

Member

On filings since 2021

1 hr/week

No compensation reported
Jessica B. Aguilera-Steinert

Vice President

On filings since 2021

1 hr/week

No compensation reported
Tessa M. Steinert-Evoy

Secretary

On filings since 2021

1 hr/week

No compensation reported
Timothy A. Steinert

Member

On filings since 2021

1 hr/week

No compensation reported

Former officers (1)

Former: Alan Steinert Jr. (2021–2023) — President

Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently Asked Questions

Where does Eastern Charitable Foundation operate?

Eastern Charitable Foundation has awarded grants in Alabama, Colorado, Connecticut, Iowa, Massachusetts.

What size grants does Eastern Charitable Foundation award?

In 2025, Eastern Charitable Foundation awarded 3 grants totaling $131K — an average of about $44K per grant, based on its IRS Form 990 filings.

How much is Eastern Charitable Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, Eastern Charitable Foundation reported a distributable amount of $34K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.