BOSTON, September 8, 2017 – For the second year in a row, the Cummings organization was named the Commonwealth’s number one Top Charitable Contributor at Boston Business Journal’s 12th Annual Corporate Citizenship Summit on September 7 in Boston.
With combined charitable giving exceeding $21 million, Woburn-based commercial real estate firm Cummings Properties and its affiliate Cummings Foundation topped the list of the region’s 85 largest corporate contributors to Massachusetts-based charities in 2016. Granite Telecommunications and Liberty Mutual Insurance Group landed the second and third spots, respectively.
“The commitment to community and supporting those in need is evident in the sheer number of companies and the level of giving,” said Boston Business Journal publisher and market president Carolyn Jones.
“This award simply wouldn’t be possible without the more than 2,000 leasing clients who choose to locate their businesses within the Cummings portfolio, so this truly belongs to them,” said Dennis A. Clarke, president and CEO of Cummings Properties.
Woburn organization donates more than $21 million to Mass.-based charities in 2016
The large majority of all buildings managed by Cummings Properties are owned, debt free, by Cummings Foundation and operated for its sole benefit. All of the rental profits from those buildings support hundreds of local nonprofits, primarily through the Foundation’s two signature grant programs.
The $100K for 100 grant program awards 100 grants of $100,000 each to Greater Boston area nonprofits each year. The Foundation is accepting Letters of Inquiry through October 1 for its 2018 grant cycle. Additional information is available at www.CummingsFoundation.org/oneworldboston.
New this year is Cummings Foundation’s Sustaining Grants program, which will award a total of $10 million next June to approximately 30 former recipients of $100K for 100 grants. Leading this initiative is a 23-member volunteer Site Visits Committee, which includes representatives from client firms, former state legislators, CEOs, a retired justice of the Massachusetts Supreme Judicial Court, and a Boston Globe reporter.