The East Boston Foundation is recognized as 501 (c) (3) not for profit trust with a mission to address socioeconomic and environmental impacts in the East Boston community arising as a result of projects, facilities and activities now being carried out and to be carried out in the future at Boston-Logan International Airport ("Logan Airport") by the Massachusetts Port Authority ("Massport"). Bssed on annual payments contributed to the East Boston Foundation by Massport and other organizations, and prudently managed by a community-based board of trustees to increase in value over time, the Foundation offers grants to organizations who maintain a continuing mission to benefit and improve the quality of life for East Boston and its residents. The Board accepts applications and awards grants on a quarterly basis.