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FHLB Boston Makes Donations to Boston Area Gleaners, Early Investors

BOSTON - The Federal Home Loan Bank of Boston (FHLB Boston) is pleased to announce it has awarded a total of $20,000 to two local nonprofit organizations through the company's charitable contribution fund.

A $10,000 grant was awarded to Boston Area Gleaners, a nonprofit organization based in Watertown, Mass., that is dedicated to collecting surplus farm crops for people in need. The organization works closely with farmers to provide volunteer labor to harvest what would otherwise be plowed under. Since its inception in 2004, Boston Area Gleaners has collected and delivered more than 1.2 million pounds of surplus produce from more than 70 farms to a distribution network of more than 500 food banks, pantries, and meal programs.

The grant will be used to help increase Boston Area Gleaners' volunteer base, widen outreach efforts to new farms during the gleaning season, and add to its scheduled gleaning trips.

A $10,000 grant was also awarded to Early Investors, a Braintree, Mass.-based nonprofit organization that fosters comprehensive financial literacy in young adults by instilling the importance of financial education, asset-building, and wealth management. Founded in 2010 by a group of Bryant University classmates, Early Investors designs and prepares classroom programs in financial literacy for juniors and seniors in three Boston-area high schools.

The grant will be used to support two 17-week programs for students at the John D. O'Bryant School of Mathematics & Science in Roxbury and Excel High School in South Boston.

"We are very proud to support two very worthy organizations. Boston Area Gleaners is addressing the growing problems of food insecurity and access to healthy produce, while Early Investors is making strides in ensuring that young adults of diverse backgrounds have access to a comprehensive financial foundation for their future," said Edward A. Hjerpe III, president and CEO of FHLB Boston.

Each year, Federal Home Loan Bank of Boston's Charitable Contributions Committee accepts and evaluates applications from nonprofit organizations seeking project-based donations.