WOBURN, Mass., December 6, 2012 – Cummings Foundation, Inc. is soliciting Letters of Inquiry from Woburn charities for $10 million in grants to be awarded in 2013, predominantly in the greater Boston area. Through its grant-making affiliate, OneWorld Boston, Inc., the foundation expects to make grants of $100,000 each to 100 not-for-profits.
Earlier this year, 11 Woburn-based institutions benefited from the Foundation’s first grant cycle, collectively receiving $1.1 million in awards.
Cummings Foundation is the principal beneficiary of the earnings of Woburn commercial real estate firm Cummings Properties. Among the 43-year-old company’s largest campuses are Cummings Park and West Cummings Park on Washington Street, which have been wholly owned by the Foundation for many years.
According to Cummings Properties’ president and CEO, Dennis Clarke, one of the firm’s most important goals is to give back to and help strengthen the communities where the firm operates and where most of its employees live.
Joel Swets, the Foundation’s executive director, said, “Cummings Foundation has a strong focus on eastern Middlesex County, but also anticipates contributing to many charities in Essex and Suffolk counties.”
Swets suggested that interested organizations visit www.CummingsFoundation.org to view eligibility requirements and begin an online Letter of Inquiry. Qualifying organizations will then be invited to complete full applications. Grant recipients will be announced in June 2013.
During its 2012 grant cycle, Cummings Foundation awarded 60 grants totaling $6 million. A wide variety of causes were represented among the 60 grant recipients, including healthcare, education, social justice, and underserved populations. A complete list of grantees and projects funded is available at www.CummingsFoundation.org.
Established in 1986, Cummings Foundation has grown to one of the largest charitable foundations in New England, with current assets exceeding $1 billion. In May 2011, founders Joyce and Bill Cummings of Winchester, Mass. became the first family in Massachusetts to join the Giving Pledge, founded by Warren Buffett and Bill and Melinda Gates. The Cummings have reportedly donated more than 90 percent of their wealth to philanthropic causes, including Cummings Foundation.