Rockland Trust - East Boston Savings Bank Foundation Inc logo

Rockland Trust - East Boston Savings Bank Foundation Inc

Private foundation · Grantmaker Rockland, MA EIN: 04-3406328 Website

Rockland Trust - East Boston Savings Bank Foundation Inc was a private foundation based in Rockland, Massachusetts. Its 2022 filing was marked as its final return: the filing says it transferred its remaining assets to Rockland Trust Charitable Foundation, Inc. following a statutory merger, with that foundation as the survivor. The foundation therefore appears to have wound down and stopped grantmaking.

Key facts about Rockland Trust - East Boston Savings Bank Foundation Inc

In short: Rockland Trust - East Boston Savings Bank Foundation Inc gave $179K across 43 grants in 2022 (avg $4K), mostly in Massachusetts. 26% of 2022 grantees were new. Source: 2022 IRS Form 990-PF.

EIN
04-3406328
Latest 990 filing
Form 990-PF, 2022
Annual giving (2022)
$178,500
Grants made (2022)
43
Average grant
$4,151
Median grant
$5,000
New grantees (estimate)
26% first-time grantees (11 of 42, 2022)
Primary geography
Massachusetts (97% of itemized 2022 grant dollars)

Data from IRS Form 990-PF, 2022; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).

Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$179K

-74.0% YoY

Grant Count

43

-71.3% YoY

Avg Grant Size

$4K

-9.2% YoY

Under IRS private-foundation payout rules, Rockland Trust - East Boston Savings Bank Foundation Inc reported a distributable amount of $474K for 2022 — the minimum it must pay out in qualifying distributions.

Is Rockland Trust - East Boston Savings Bank Foundation Inc open to new grantees?

26%

first-time grantees, 2022

In 2022, 11 of 42 grantees (26%) were first-time recipients. First grants averaged $3K; repeat grants $5K. How we count

Medians: $3K first-time, $5K repeat.

  • 64% of 2022 grantees were also funded in 2021. Method
  • In 2022 it paid out 61% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2022). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated October 2026.

Mission & Focus Areas

The foundation’s filing says its remaining assets were transferred for charitable purposes set forth in the surviving foundation’s articles of organization. Rockland Trust’s published guidelines for its affiliated foundations describe support for affordable housing, community development, education, financial literacy, health and human services, and youth programs. Those guidelines also describe grants for program, general operating, and capital support.

The 2022 grantees included organizations working on housing and homelessness, education, community development, and services for disadvantaged people. For example, Lynn Shelter Association describes its mission as providing shelter, supportive services, and housing solutions to people experiencing homelessness. Citizens Inn describes its mission as preventing and ending hunger and homelessness through integrated services. Codman Academy Foundation says it supports the mission of Codman Academy Charter Public School, while Allston Brighton Community Development describes work supporting the interests and leadership of its diverse local communities.

Grantmaking

In its final filing year, 2022, the foundation reported 43 grants totaling $178,500. Grants ranged from $1,000 to $10,000, with a median of $5,000. The largest listed awards were $10,000 to East Boston Harborside Community School Inc. and $10,000 to Lynn Shelter Association Inc. Other listed awards included $7,500 to HAWC and $5,000 each to Allston Brighton Community Development Corporation, Boys & Girls Club of Greater Salem, Businesses United in Investing Lending and Development, Care Dimensions, Citizens Inn, City Mission, Codman Academy Foundation, Cristo Rey Boston High School, and Crossroads.

The filing states that the foundation did not restrict giving to preselected organizations. Its application instructions are from the final filing and should not be treated as current: they said an application was available at the foundation’s Rockland address, that applicants should see the application for deadlines, and that eligible applicants were 501(c)(3) public charities serving the named communities, with other communities considered if funds were available. The filing also said awards would not support individuals, annual giving, or existing programs.

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Geographic Focus

Where this funder awards grants

In 2022, 97% of grant dollars went to recipients in Massachusetts and 3% to recipients in Kentucky. The final filing identified East Boston, Winthrop, Revere, Saugus, Lynnfield, Melrose, and Peabody as communities whose residents eligible charities could serve; it said other communities could be considered if funding was available.

Grant Distribution by State

3states

Share of 2022 grant dollars across all 43 itemized grants.

Cities

BostonLynnEast BostonDorchesterSalemMaldenDanversCambridgeJamaica PlainPeabodyBeverlyRoxburyBrooklineSouth BostonRoslindaleBrightonGloucesterBelmontChelseaHyde Park

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K$800K147 grants2020 150 grants2021 43 grants2022

From 2020 to 2022, annual grant giving ranged from $179K (2022) to $685K (2021). In 2022 it made 43 grants totaling $179K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2022

East Boston Harborside Community School Inc: $10KEast Boston HarborsideCommunity School Inc$10KLynn Shelter Association Inc: $10KLynn Shelter Association Inc$10KHawc: $8KHawc$8KAllston Brighton Comm Dev Corp: $5KAllston Brighton Comm Dev Corp$5KBoys & Girls Club of Greater Salem: $5KBoys & Girls Club of GreaterSalem$5KBusinesses United in Investing Lending and Development: $5KBusinesses United in InvestingLending and Development$5KCare Dimensions: $5KCare Dimensions$5KCitizens Inn: $5KCitizens Inn$5KCity Mission Inc: $5KCity Mission Inc$5KCodman Academy Foundation: $5KCodman Academy Foundation$5K

The largest 2022 recipient was East Boston Harborside Community School Inc ($10K). Together the top 10 received $63K.

Grant Size Distribution

340 grants across all recorded years

340<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 340 grants of 340 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
East Boston Harborside Community School Inc East Boston, MAExempt Purpose$10,000
Lynn Shelter Association Inc Lynn, MAExempt Purpose$10,000
Hawc Salem, MAExempt Purpose$7,500
Allston Brighton Comm Dev Corp Brighton, MAExempt Purpose$5,000
Boys & Girls Club of Greater Salem Salem, MAExempt Purpose$5,000
Businesses United in Investing Lending and Development Boston, MAExempt Purpose$5,000
Care Dimensions Danvers, MAExempt Purpose$5,000
Citizens Inn Peabody, MAExempt Purpose$5,000
City Mission Inc Boston, MAExempt Purpose$5,000
Codman Academy Foundation Dorchester, MAExempt Purpose$5,000

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants Grant count
2022 Not reported here $12,223,388 $518,800 $178,500 43
2021 $13,975,996 $557,039 $701,954 $685,450 150
2020 $9,637,159 $512,995 $602,582 $581,825 147
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$5M$10M$15M$20M2020 2021 2022
Metric202220212020
Total Assets—$13,975,996$9,637,159
Revenue$12,223,388$557,039$512,995
Expenses$518,800$701,954$602,582
Qualifying Distributions$286,754$700,454—
Net Investment Income$14,696,877$626,015$635,030
Distributable Amount$473,797$608,918$438,204

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2022

Leadership & Key People

Leadership team and compensation from IRS filings

The 2022 filing listed Edward H. Seksay as president and chair of the board; Alexandra Antonino as treasurer; Joshua Hanson as assistant treasurer; and Andrea Borowiecki as clerk and secretary. Directors listed were David Houston, Alastair Ironside, Margaret McCarthy, Edward Merritt, Gerald Nadeau, and Patricia Natale.

Rockland Trust - East Boston Savings Bank Foundation Inc is led by Edward H. Seksay, President & Chair of the Board on every filing since 2021; 1 of 12 officers listed in 2022 is compensated.

Officers on the 2022 filing

  • Edward H. Seksay

    President & Chair of the Board

    On filings since 2021

    1 hr/week

    No compensation reported

  • Edward Merritt

    Director

    On filings since 2021

    1 hr/week

    $2K (2022)

  • Alastair Ironside

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • David Houston

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Gerald Nadeau

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Jeffrey Smith

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Margaret McCarthy

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Patricia Natale

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Scott Smith

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Alexandra Antonino

    Treasurer

    On filings since 2021

    1 hr/week

    No compensation reported

  • Andrea Borowiecki

    Clerk & Secretary

    On filings since 2021

    1 hr/week

    No compensation reported

  • Joshua Hanson

    Assistant Treasurer

    On filings since 2021

    1 hr/week

    No compensation reported

Former officers (9)
  • Former: Grace Previte Magoon (2020–2021) — Director
  • Former: Peter F. Scolaro (2020–2021) — Director
  • Former: Ruth A. Sheets-Wilson (2021) — Director
  • Former: Kenneth Fisher (2020) — Treasurer
  • Former: Mark L. Abbate (2020) — Treasurer
  • Former: Martha R. Bagley Esquire (2020) — Director
  • Former: Paula M. Cotter (2020) — Clerk
  • Former: Richard J. Gavegnano (2020) — President
  • Former: Ruth A. Sheets (2020) — Director

Data from IRS Form 990 filings, 2020–2022. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2022 IRS filing

Edward Merritt — Director: $2KEdward MerrittDirector$2K

The highest reported compensation on the 2022 filing was $2K, to Edward Merritt (Director).

Contact

Application contact: Andrea Borowiecki
Mailing address: 288 Union Street, Rockland, MA 02370
Phone: (781) 982-6550
Website: https://www.rocklandtrust.com

Frequently asked questions about Rockland Trust - East Boston Savings Bank Foundation Inc

How much does Rockland Trust - East Boston Savings Bank Foundation Inc give each year?

Rockland Trust - East Boston Savings Bank Foundation Inc gave $179K across 43 grants in 2022, according to its 2022 IRS Form 990-PF. In 2021 it gave $685K across 150 grants.

What is Rockland Trust - East Boston Savings Bank Foundation Inc's typical grant size?

Rockland Trust - East Boston Savings Bank Foundation Inc's median grant in 2022 was $5,000, and its average grant was $4,151, across 43 grants on its 2022 IRS Form 990-PF. Organizations receiving their first grant from Rockland Trust - East Boston Savings Bank Foundation Inc that year got $3K on average.

Where does Rockland Trust - East Boston Savings Bank Foundation Inc give grants?

Rockland Trust - East Boston Savings Bank Foundation Inc gives mostly in Massachusetts: 97% of the grant dollars itemized on its 2022 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Boston, MA (9 grants), East Boston, MA (8 grants), Salem, MA (5 grants) and Peabody, MA (3 grants).

Who are Rockland Trust - East Boston Savings Bank Foundation Inc's largest grantees?

Rockland Trust - East Boston Savings Bank Foundation Inc's largest 2022 grantees include East Boston Harborside Community School Inc ($10,000), Lynn Shelter Association Inc ($10,000) and Hawc ($7,500), according to its 2022 IRS Form 990-PF. Together they received 15% of its itemized 2022 grant dollars.

What does Rockland Trust - East Boston Savings Bank Foundation Inc fund?

The foundation’s filing says its remaining assets were transferred for charitable purposes set forth in the surviving foundation’s articles of organization. See mission & focus areas ↑

How do I apply for a grant from Rockland Trust - East Boston Savings Bank Foundation Inc?

Rockland Trust - East Boston Savings Bank Foundation Inc has no public application process in the sources Grantable reviewed. Check rocklandtrust.com for current guidelines, or contact the foundation directly before submitting a request.

How much is Rockland Trust - East Boston Savings Bank Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2022, Rockland Trust - East Boston Savings Bank Foundation Inc reported a distributable amount of $474K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Rockland Trust - East Boston Savings Bank Foundation Inc's EIN?

Rockland Trust - East Boston Savings Bank Foundation Inc's EIN (Employer Identification Number) is 04-3406328. IRS Form 990 filing data is available on this page for 2020–2022.

Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.

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