Cummings Foundation Awards $100K Grant to SVT!
Sudbury Valley Trustees (SVT) has received a $100,000 grant through Cummings Foundation’s “$100K for 100” program. SVT was one of 100 nonprofit organizations out of 574 applicants to be awarded a grant following a competitive review process.
Lisa Vernegaard, SVT Executive Director, received the good news from Cheryl Rank, Associate Director of New Horizons in Marlborough, a not-for-profit retirement community that is owned and operated by Cummings Foundation. “I was over the moon to learn that we’d been awarded one of these generous grants,” said Ms. Vernegaard.
Ms. Vernegaard continued, “These funds will enable SVT to accelerate the pace of conservation in our region so that we, together with our many partners, can save our most vulnerable and beautiful natural areas before they are lost forever to pavement and buildings. The impact of this grant will be felt for generations to come.”
The “$100K for 100” program supports nonprofits that are based in and primarily serve Middlesex, Essex, and Suffolk counties. Through this 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, the Woburn-based commercial real estate firm leases and manages 10 million square feet of space, the majority of which exclusively benefits the Foundation.
“By having such a local focus, we aim to make a meaningful positive difference in the communities where our colleagues and leasing clients live and work,” said Joel Swets, Cummings Foundation’s Executive Director. “We are most grateful for the nonprofit organizations that assist and empower our neighbors, and we are proud to support their efforts.”
This year’s grant recipients represent a variety of causes, including homelessness prevention, affordable housing, education, violence prevention, and food insecurity. Most of the grants will be paid over two to five years. The list of winners will be posted at www.CummingsFoundation.org.
Cummings Foundation announced an additional $15 million in early May through its Sustaining Grants program. Through these awards, 50 local nonprofits will receive funding of $20,000 to $50,000 per year for 10 years.
About Cummings Foundation
Woburn-based Cummings Foundation, Inc. was established in 1986 by Joyce and Bill Cummings. The Foundation directly operates its own charitable subsidiaries, including New Horizons retirement communities in Marlborough and Woburn. Its largest single commitment to date has been to Cummings School of Veterinary Medicine at Tufts University.