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. Cummings Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Cummings Foundation Inc generated $324.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $122.2m during the year ending 12/2021. While expenses have increased by 5.1% per year over the past 7 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 233 individual grants totaling $4,515,341. 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 990T Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

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
$2,571,928
Aveanna Healthcare
$2,242,032
Carlyle Europe Partners V S C Sp
$690,528
Merrill Lynch Trust Co
$1,966,256
Strategic Partners Viii Lp
$562,500
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $55,136,388
Interest on Savings $0
Dividends & Interest $15,214,836
Net Rental Income$75,984
Net Gain on Sale of Assets $69,656,613
Capital Gain Net Income $63,811,595
Net ST Capital Gain $6,405,203
Income Modifications $0
Profit on Inventory Sales $0
Other Income $184,703,745
Total Revenue $324,805,086

Grants Awarded

Over the last fiscal year, Cummings Foundation Inc has awarded $8,823 in support to 7 organizations.

Grant RecipientAmount

ST CHARLES BORROMEO PARISH

PURPOSE: COMMUNITY WELFARE PROGRAM

$5,000

WORCESTER STATE UNIVERSITY

PURPOSE: EDUCATIONAL PROGRAMING

$2,000

EVENING OF GIVING

PURPOSE: COMMUNITY WELFARE PROGRAM

$1,400

Franconia, NH

PURPOSE: CULTURAL ARTS PROGRAMMING

$120

ARTISTS FOR HUMANITY INC

Org PageRecipient Profile

Boston, MA

PURPOSE: SOCIAL JUSTICE

$103

BETTER FUTURE PROJECT INC

Org PageRecipient Profile

Cambridge, MA

PURPOSE: CONSERVATION PROGRAMS

$100
View Grant Profile

Peer Organizations

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