
Cummings Foundation doubles its grant giving with new Sustaining Grants program
WOBURN, August 15, 2017 – Woburn-based Cummings Foundation has created a new annual grants program that will effectively double the Foundation’s local grant giving from $100 million to $200 million over the next 10 years. The program – called Sustaining Grants – will award an additional $10 million in funding annually among about 30 local nonprofit organizations. Funds will be disbursed over 10 years in installments of between $20,000 and $50,000 per year. This program builds upon Cummings Foundation’s existing $100K for 100 program. First offered in 2012, $100K for 100 annually awards multi-year grants of $100,000 each to 100 nonprofits that are based in and serve Middlesex, Essex, and Suffolk counties. Together, the two grant programs will now enable Cummings Foundation to award $20 million each year in support…