Beverly nonprofit receives major Cummings Foundation grant
Endicott College has been selected as one of 100 local nonprofits to receive grants of $100,000 each through Cummings Foundation’s “$100K for 100” program. The Beverly-based organization was chosen from more than 350 applicants during a very competitive review process.
Representing Endicott College, David Vigneron, Vice President of Institutional Advancement and Aileen Torrance, Assistant Dean of the School of Business, joined approximately 300 other guests at a June 4 reception at TradeCenter 128 in Woburn to celebrate the $10 million infusion into Greater Boston’s nonprofit sector. With the conclusion of this grant cycle, Cummings Foundation reached a major milestone – it has now awarded more than $100 million in grants to local nonprofits alone.
According to President Richard E. Wylie, "The Cummings Foundation has been a terrific partner to Endicott College over the years, and we are thrilled that the Foundation has awarded us this most recent grant of $100,000 to expand our Center for Entrepreneurship, as part of its $100K for 100 program. Based in our new Business/Life Sciences Center in the heart of our Beverly campus, the Center for Entrepreneurship is a vibrant gathering place in which students and alumni can mingle with professionals in the field, develop their business plans, and launch their small businesses. This valuable grant from the Cummings Foundation will enable us to support growth in three areas including: an Entrepreneur in Residence, the “Gullworks” business bullpen for students and alumni, and the FUEL program of mini-grants for students and recent alumni. We are very grateful for the Cummings Foundation's support."
The $100K for 100 program supports nonprofits that are not only based in but also primarily serve Middlesex, Essex, and Suffolk counties. This year, the program benefited 41 different communities within the Commonwealth.
Through this place-based initiative, Cummings Foundation aims to give back in the area where it owns commercial buildings, all of which are managed, at no cost to the Foundation, by its affiliate Cummings Properties. Founded in 1970 by Bill Cummings of Winchester, the Woburn-based commercial real estate firm leases and manages more than 10 million square feet of space, the majority of which exclusively benefits the Foundation.
“The Foundation is incredibly grateful to nonprofits like Endicott College that are working diligently for the benefit of the communities where the staff and clients of the Cummings organization live and work,” said Joel Swets, Cummings Foundation’s executive director.
This year’s diverse group of grant recipients represents a wide variety of causes, including mental health, STEM education, veteran’s services, healthcare, hunger relief, and homelessness prevention. Most of the grants will be paid over two to five years.
The complete list of 100 grant winners is available at www.CummingsFoundation.org.
About Endicott College
Located in Beverly, Massachusetts on 235 acres of oceanfront property, Endicott College offers doctorate, master’s and bachelor degree programs in the professional and liberal arts. Founded in 1939, Endicott provides an education built upon a combination of theory and practice, which is tested through internships and work experience. Studying at the Beverly campus, regionally, and internationally are approximately 2, 650 undergraduate and more than 2,350 adult and graduate students. For more information, visit www.endicott.edu.
About Cummings Foundation
Woburn-based Cummings Foundation, Inc. was established in 1986 by Joyce and Bill Cummings of Winchester. With assets exceeding $1 billion, it is one of the largest foundations in New England. The Foundation directly operates its own charitable subsidiaries, including two New Horizons retirement communities in Marlborough and Woburn. Its largest single commitment to date was $50 million to Cummings School of Veterinary Medicine at Tufts University. Additional information is available at www.CummingsFoundation.org.