Rockland Trust - East Boston Savings

ROCKLAND, MA EIN: 04-3406328

Rockland Trust - East Boston Savings is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ROCKLAND, MA. IRS filing data is available from 2020 through 2022. In 2022, it awarded 43 grants totaling $179K. Net investment income was $14.7M.

Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

-100.0% YoY

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 reported a distributable amount of $474K for 2022 — the minimum it must pay out in qualifying distributions.

About Rockland Trust - East Boston Savings

Based on IRS filings

Rockland Trust - East Boston Savings is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ROCKLAND, MA. IRS filing data is available from 2020 through 2022. In 2022, it awarded 43 grants totaling $179K. Net investment income was $14.7M.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Cities

AndoverBelmontBeverlyBostonBoxfordBraintreeBrightonBrooklineBurlingtonCambridgeChelseaDanversDorchesterEast BostonEverettFlorenceGloucesterHyde ParkJamaica PlainLawrence

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$4M$8M$12M$16M202020212022
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

Giving Over Time

Total grant dollars and number of grants per year

$0$171K$343K$514K$685K147 grants2020150 grants202143 grants2022

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2022

EAST BOSTON HARBORSIDE C…$10KLYNN SHELTER ASSOCIATION…$10KHAWC$8KALLSTON BRIGHTON COMM DE…$5KBOYS & GIRLS CLUB OF GRE…$5KBUSINESSES UNITED IN INV…$5KCARE DIMENSIONS$5KCITIZENS INN$5KCITY MISSION INC$5KCODMAN ACADEMY FOUNDATION$5K

Grant Size Distribution

143 grants across all recorded years

143<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2022 grants, the largest include East Boston Harborside Community School Inc ($10,000), Lynn Shelter Association Inc ($10,000), Hawc ($7,500).

RecipientPurposeAmount
ALLSTON BRIGHTON COMM DEV CORP BRIGHTON, MAEXEMPT PURPOSE$5,000
BACKPACKS FOR NEW BEGINNINGS INC MEDFIELD, MAEXEMPT PURPOSE$2,500
BIRCHES SCHOOL INC LINCOLN, MAEXEMPT PURPOSE$1,000
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
CRISTO REY BOSTON HIGH SCHOOL BOSTON, MAEXEMPT PURPOSE$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2022 IRS filing

EDWARD MERRITTDIRECTOR$2K

From 2022 filing

NameTitleHoursCompensation
EDWARD H SEKSAYPRESIDENT/CHAIR OF THE BOARD1
ALEXANDRA ANTONINOTREASURER1
JOSHUA HANSONASSISTANT TREASURER1
ANDREA BOROWIECKICLERK/SECRETARY1
DAVID HOUSTONDIRECTOR1
ALASTAIR IRONSIDEDIRECTOR1
MARGARET MCCARTHYDIRECTOR1
EDWARD MERRITTDIRECTOR1$2,000
GERALD NADEAUDIRECTOR1
PATRICIA NATALEDIRECTOR1
JEFFREY SMITHDIRECTOR1
SCOTT SMITHDIRECTOR1

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Rockland Trust - East Boston Savings?

Rockland Trust - East Boston Savings is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ROCKLAND, MA. It holds — in total assets as of 2022.

Where does Rockland Trust - East Boston Savings operate?

Rockland Trust - East Boston Savings has awarded grants in District of Columbia, Kentucky, Massachusetts.

What size grants does Rockland Trust - East Boston Savings award?

In 2022, Rockland Trust - East Boston Savings awarded 43 grants totaling $179K — an average of about $4K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2022, Rockland Trust - East Boston Savings 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's EIN?

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

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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