Cummings Foundation Inc

Organization Overview

Cummings Foundation Inc is located in Woburn, MA. The organization was established in 1990. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Cummings Foundation Inc generated $218.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $113.4m during the year ending 12/2019. While expenses have increased by 5.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Cummings Foundation Inc has awarded 211 individual grants totaling $4,389,268. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2019

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE GENERAL EXPLANATION ATTACHMENT - CUMMINGS SCHOOL OF VETERINARY MEDICINE


SEE GENERAL EXPLANATION ATTACHMENT - NEW HORIZONS AT MARLBOROUGH


SEE GENERAL EXPLANATION ATTACHMENT - NEW HORIZONS AT CHOATE


SEE GENERAL EXPLANATION ATTACHMENT - CUMMINGS INSTITUTE FOR WORLD JUSTICE, LLC


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Commonfund
$2,306,113
Vna Care Advantage Inc
$1,274,323
Merrill Lynch Trust Co
$1,560,079
Lahey Health At Home
$563,890
Kkr Special Situations
$503,131
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $2,864,239
Interest on Savings $0
Dividends & Interest $12,223,418
Net Rental Income$76,161
Net Gain on Sale of Assets $34,041,057
Capital Gain Net Income $32,216,421
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $168,797,199
Total Revenue $218,017,473

Grants Awarded

Over the last fiscal year, Cummings Foundation Inc has awarded $127,495 in support to 31 organizations.

Grant RecipientAmount

SUPPORTIVE LIVING INC

Org PageRecipient Profile

Woburn, MA

PURPOSE: BRAIN INJURY RESIDENCE

$100,000

ST CHARLES BORROMEO PARISH

PURPOSE: COMMUNITY WELFARE PROGRAM

$5,000

MUSEUM OF FINE ARTS

Org PageRecipient Profile

Boston, MA

PURPOSE: CULTURAL ARTS PROGRAMMING

$2,500

BOSTON COLLEGE TRUSTEES

Org PageRecipient Profile

Chestnut Hill, MA

PURPOSE: EDUCATIONAL PROGRAMMING

$2,000

DANA-FARBER CANCER INSTITUTE

PURPOSE: CANCER RESEARCH TREATMENT

$1,600

SMOC EVENING OF GIVING

PURPOSE: COMMUNITY WELFARE PROGRAM

$1,400
View Grant Profile

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