Grants to Expand Services; New Leader; CEO Honored
December 18, 2018 Jobs for The Future gets $775K to advance workforce...Eastern Bank Awards $200K to eight Mass. nonprofits... Financing for Cooperative Production...New Regional CEO of Massachusetts American Red Cross...JFS of MetroWest gets $15K in connection with CEO honor.
Jobs for The Future Gets $775K to Advance Workforce
TD Bank recently announced it awarded $775,000 to Jobs for The Future
(JFF), a national nonprofit based in Boston that works to create educational and economic opportunity for underserved populations.
JFF, which will share the award with Audacious Futures in Ontario, will use the new funding to spur cross-border development and scale of technology-powered solutions that address advancement challenges faced by students and workers.
Specifically, JFF will accelerate the refinement and cross-border adoption of FutureFit AI, an artificial intelligence-powered "upskilling and reskilling solution that helps workers at-risk from automation and the rapidly changing labor market to develop skills and connect to job opportunities at leading employers."
Eastern Bank Awards $200K to Eight Massachusetts Nonprofits
The Eastern Bank Charitable Foundation recently announced it awarded $200,000 to eight Massachusetts nonprofits to help them address capital needs.
A continuing challenge faced by many nonprofits is funding their general capital needs. We heard the demand and elected to award additional Partnership Grants in 2018 to help address it, said Bob Rivers, chair and CEO of Eastern Bank. These grants will be applied to a variety of capital-focused programs in the community, such as direct contributions to capital campaigns and support of new construction for life skills, counseling, and early education centers.
Receiving $25,000 each were the following:
- Cambridge Community Center, Cambridge
- Cape Abilities, Hyannis
- Elizabeth Stone House, Roxbury
- The Fitch Home, Melrose
- Food Link, Arlington
- Horizons for Homeless Children, Roxbury
- Interfaith Social Services, Quincy
- Lazarus House, Lawrence
Financing helps Cooperative Production Expand Facilities and Services
(CO-OP), a nonprofit based in North Dighton that provides services to supporting individuals with developmental and other disabilities, recently received financing from MassDevelopment to expand its facilities and enhance services.
CO-OP used bond proceeds to reimburse funds advanced off a bank line of credit incurred to expand a commercial building at 97 Ingell Street in Taunton, MassDevelopment said. The expansion of this building, where CO-OP currently manages a day program for adults with intellectual and other disabilities, will create additional space for participant care.
The organization also used bond proceeds to refinance funds advanced to construct a duplex property on Cranberry Highway in Wareham, which consists of two residential homes that will house eight adults with brain injuries. Additionally, CO-OP used bond proceeds to refinance existing residential mortgages incurred to buy or renovate six residential group homes around the state.
As we continue to expand in Southeastern Massachusetts, we are very pleased to have a partnership with MassDevelopment for the issuance of this bond, said CO-OP President and CEO Joyce Faria.
Holly Grant Named Regional CEO of American Red Cross in Massachusetts
The American Red Cross in Massachusetts
, based in Medford, recently announced that Holly Grant has been named regional chief executive officer.
Grant has served in different leadership positions at the American Cancer Society since 2002, most recently leading the Eastern New England region as executive director.
Hollys nonprofit experience, gravitas and leadership skills will help the American Red Cross continue our mission of helping our neighbors in need, said John Stadtler, chairman of the board for the American Red Cross in Massachusetts.
It is a privilege to have been selected to serve in this capacity and I am excited to be joining a great team in Massachusetts, Grant said. The American Red Cross provides support to the most vulnerable populations, and I am looking forward to learning more about the Red Cross programs, as well as the blood collection operations throughout the region.
JFS of MetroWest Gets $15K Grant in Connection with CEO Honor
The Middlesex Savings Charitable Foundation recently announced it recognized Marc Jacobs, CEO of Framingham-based Jewish Family Services of MetroWest
, which provides social, health, and community services to alleviate suffering and support people in need, with its John R. Heerwagen Award for Non-profit leadership. The award came with a $15,000 grant that Jacob can use to benefit his organization.
The annual award, established in 2016, recognizes a strong, nonprofit leader whose work has significantly benefited the lives and well-being of residents within the Foundation's community. It reflects the support John R. Heerwagen, former CEO of Middlesex Savings Bank, provided to the foundation and its efforts to help strengthen local no-profits, and his belief in the importance of leadership, and the need to develop and recognize strong leaders.