News: Front Section

140 local nonprofits gather for Cummings $25 million grant celebration

Boston Public Library Fund’s Benjamin Wind and Paula Sakey with Bill Cummings, right.

Woburn, MA Around 300 people representing dozens of nonprofit organizations from Northeastern Massachusetts gathered at TradeCenter 128 to celebrate being awarded a Cummings Foundation grant.

A total of 140 nonprofits each received a portion of the $25 million grant program, ranging from $100,000 to $500,000. Cummings has awarded more than $375 million to date in greater Boston.

“This is our absolute favorite night of the year because there’s so much joy in this room,” said Joyce Vyriotes, the Foundation’s executive director. “And rather than tamp down that joy with a lot of formality and decorum, we lean into it.”

Both formal and “fun” photo stations were set up for attendees to strike a pose with Foundation trustees or oversized photo props.

Boston Landmarks Orchestra representatives with Cummings
Foundation executive director Joyce Vyriotes

The highlight of the program was the reading of the grant winner names in a roll-call style by Joyce and Bill Cummings, with each nonprofit sharing a unique response. Many cheered, some threw confetti, others waved flags, and – to the delight of the crowd – a handful even broke out in song.

Janine Danielson, a CPA and partner with LGA, which has leased space with Cummings Properties for 42 years, spoke from the podium about being a Cummings leasing client. She explained that a large majority of all Cummings Properties’ buildings are owned by Cummings Foundation, and the rent goes to fund the grants.

“Cummings has been with us every square foot of the way, and basically added to our growth,” Danielson said. “It’s not only because they’re a great organization; it’s not only because they have great individuals; it’s that extra benefit that when we pay our rent, we’re a part of ‘the give,’ and we really enjoy being part of that give, and Cummings allows us to be part of that give.”

Joyce Cummings, who created the Foundation along with her husband, Bill, expressed her thanks to the organizations. “We are here not to be thanked, but to thank you for the work each and every one of you does day after day, week after week, year after year,” said Joyce Cummings. “And much of your work could rightly be called miracles.”

With a staff of only three, Cummings Foundation leverages the diverse experience and expertise of more than 150 community volunteers throughout its grant-making process. A group of active and retired professionals pared down 580 letters of inquiry to 333 applications and ultimately selected the majority of the 140 grant winners.

Letters of inquiry opened July 1st for the next grant cycle, which has increased to $30 million.

More information can be found at CummingsFoundation.org.

MORE FROM Front Section
Front Section

McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

Hingham, MA The Conrad Group  has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
Newmark negotiates sale of  10 Liberty Sq. and 12 Post Office Sq.

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.