Cummings donates $15 Million to 50 local nonprofits

Boston Real Estate Times | May 07, 2019

Cummings donates $15 Million to 50 local nonprofits
Fifty local nonprofits received awards on May 2 that likely made not just their day, but their decade. Woburn-based Cummings Foundation granted these organizations a cumulative $15 million through its Sustaining Grants program, which provides ongoing funding for 10 years. Each organization’s total grant ranges from $200,000 to $500,000. One of the three largest private foundations in New England, Cummings Foundation aims to give back in the areas where it owns commercial buildings, all of which are managed on a pro bono basis by its affiliate, Cummings Properties. Founded in 1970 by Bill Cummings of Winchester, the Woburn-based commercial real estate firm leases and manages 10 million square feet of space, the majority of which exclusively benefits the Foundation. The grant winners are based in Middlesex, Essex, and Suffolk counties and represent a broad range of causes, including education, homelessness, and food insecurity, as well as services for immigrants, senior citizens, and people with disabilities. The nonprofit recipients first learned of their awards in mid-April through surprise visits by Foundation volunteers.

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The future of peer-to-peer looks bright with 59% of organizations that do not have a current program planning to add one to their overall fundraising strategy. We surveyed more than 200 nonprofit professionals to see what they think will change in the peer-to-peer space.


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