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Cummings
Foundation, Inc., is a private operating foundation
based in Woburn, Massachusetts. Since its establishment
in 1986, it has been primarily funded by Joyce and Bill
Cummings of Winchester, MA.
Cummings
Foundation has grown to become one of the largest charitable
foundations in Massachusetts with more than $700 million
in net assets.
The
Foundation now owns and operates two large not-for-profit
and affordable independent and assisted living facilities
with adundant activities, gourmet dining and delightful
surroundings. New Horizons at Choate and New
Horizons at Marlborough, collectively serve more
than 500 senior residents.
Additionally,
the Foundation in 2005 finalized a $50 million collaboration
with the newly renamed Cummings
School of Veterinary Medicine at Tufts University.
Through this innovative partnership, the Foundation
offers support and financial resources to help enable
the Cummings School to sustain its global reputation
for excellence in veterinary medicine.
Another
of Cummings Foundation's charitable programs is the
McKeown Scholars Program, through which the foundation
annually awards college scholarships to high school
seniors in six greater Boston communities. The merit
based program is designed to encourage improvement in
writing ability among college bound students. More than
$1.5 million in scholarship aid has been awarded in
communities where Cummings
Properties does business.
Cummings
Foundation will continue to function as a private operating
foundation until it reaches its endowment goal of $1
billion, currently projected to take place in 2012,
at which point it is expected to become a more traditional
grant-making organization.
In
the meantime, the Foundation will not consider unsolicited
grant applications.
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