Senior Vice President, Chief Impact Officer - Eastern Bank Foundation
Eastern Bank

Job Info

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Position Summary:

Eastern Bank Foundation (EBF) is the 5th most charitable organization in MA, according to the Boston Business Journal, with nearly $300M in assets and annual donations of more than $14M. EBF is entirely funded by Eastern Bank and serves as its charitable arm, as a result, there is no fund-raising involved in this role.

We believe that changes to centuries-old social and economic hierarchies and systems of oppression can lead to greater equity in our communities when we invest, first by listening to the lived experiences of our neighbors and then by partnering on solutions. It's this commitment to honoring and trusting our communities that guides the Eastern Bank Foundation - not only in what and why we fund, but also how. Our vision is a region-and a world-where these hierarchies are dismantled and systems of oppression based on race, ethnicity, gender, gender identity, parental income, ZIP code or other elements of difference and resulting disparities are eliminated so that these distinctions are no longer predictors of economic outcomes for our neighbors.

Annually, EBF supports more than 1,000 local nonprofit organizations, across a wide variety of community needs. There are two foci to this work, our Community Donations and our Impact Grants. This position is focused on our Impact Grants, which are our larger dollar grants (typically $50-150k) and, in total, represent more than half of the Foundation's investments each year. EBF leverages our size and strength to innovate with partners, scale systems, and create structural changes that advance Economic Inclusion & Mobility by addressing the drivers of wealth & income gaps.

Eastern Bank Foundation combines philanthropy, corporate volunteerism, advocacy, & collaborations to maximize impact. We partner with community leaders to combine resources, broaden the base, and drive solutions. We listen to our geographic and demographic communities, use our voice to advocate for bold systemic change that advances equity and rally community partners and corporations to broaden support for change, therefore this leader must have a proven track record of effective leadership and recognized community impact.

The Chief Impact Officer will uphold the responsive, high-touch, trust-based, responsive efforts the Foundation is recognized for throughout the NE region. The position will report to, and be a full thought-partner with, the President and CEO of the Foundation in service to our communities.

Familiarity with the local socio-economic context of the communities we serve is a must. Including appreciation for historical context and consideration for all dimensions of intersectional equity.

Essential Functions:

The Chief Impact Officer will advance the Foundation primarily by:

• Co-developing strategies in support of the strategic vision of the Eastern Bank Foundation with the President & CEO.
• Successfully developing and implementing strategies and processes for all 5 of the identified Impact Grant areas of focus.
• Designing and developing our measurement and evaluation efforts for all Impact Grants, and using this information for our continued learning, reporting, and course corrections over time.
• Leading coalition-building efforts by partnering with community leaders in innovative ways. Listening to the lived experiences of community members, identifying and codesigning strategic responses for the needs and priorities of our communities.
• Effectively overseeing philanthropic program management that ensures the continuity of the Foundation's equitable investments in local leaders, organizations, and movements.
• Ensuring a positive and collaborative work environment from all individual contributors fostering a collective sense of belonging and commitment to teamwork continuous improvement.
• Continually reviewing and learning from external research & study, data, evaluation metrics and administrative tools to ensure we are addressing the most compelling needs for our communities in the Impact Grant areas.
• Participating in the EBF quarterly Board meetings, providing reports to the Board and leading discussion on updates with the Board and senior leaders at Eastern Bank.
• Representing EBF at convenings, presenting at forums, participating on panels. Networking, leveraging relationships, and building the Foundation's reputation within the communities we serve.

Position requires demonstrated strength in the following core competencies:

• Thorough understanding of grant process, measurement, and evaluation of grant programs
• Unwavering commitment to Economic Inclusion and Mobility
• Strategic Thinking
• Intellectual Curiosity
• Community Service
• Proven track record of Servant Leadership Approach
• Strong Verbal & Written Communication
• Project Management
• Teamwork, Partnership & Collaboration

Required Qualifications:

• A BS/BA degree from an accredited college/university required, and advanced degree(s) in a related field such as nonprofit management, urban planning, public administration, policy, business, economics, etc., is welcome.
• A minimum of 15 years of experience in philanthropy, non-profit, or government sector (or combination) must have significant experience in evaluating grant requests, making grants, measuring and evaluating grant programs. Experience in policy making, movement building, or community organizing is desired.
• Demonstrated leadership as an innovative change-maker, with strong cultural-competence, authentic commitment, and dedicated energy for social justice.
• An informed perspective on racial equity and to the critical drivers of Economic Inclusion and Mobility vital to the Foundations long-term goals. Demonstrated commitment to advancing equity, affecting systemic and sustained change, while joining with community partners supporting this work.
• Demonstrated track record of commitment to DEI internally: championing a true sense of belonging and collaboration within the team and the organization.
• Strong communication skills including listening, giving, and receiving feedback, persuasive communications, public speaking skills; authenticity and effectiveness with both in person and digital settings appearances, compelling writing and presentations to diverse audiences.
• Effective analytical and problem-solving skills with a proven ability to independently manage and resolve complex issues. Understanding of strategic planning, community development is necessary.
• Extensive track record of volunteerism within various communities. At least five years of demonstrated community service, particularly in a Board service role and/or working with institutional funders.
• Demonstrated team values, and commitment to the success of a team.
• Familiarity with the nonprofit sector, including budgeting, financial management, strategic consulting, fundraising operations, organizational development, or other related areas.

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