cover image: 2021 Annual Update - More than $300 million granted to date in greater Boston alone - $25 Million Awarded in 2021

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2021 Annual Update - More than $300 million granted to date in greater Boston alone - $25 Million Awarded in 2021

24 Jun 2021

More information about the 2021 grants program and a complete list of the more than 1,000 grant winners since the program began in 2012 are available at CummingsFoundation.org. [...] Real Estate Update Cummings School Fights Zoonotic Disease A healthy portion of the Foundation’s assets is in the form of commercial real Tufts University was chosen by United estate that is operated by Cummings States Agency for International Properties at no management cost Development (USAID) in 2020 to lead to the Foundation. [...] COVID-19 has had its $100 million Strategies to Prevent a substantial impact on these real Spillover (STOP Spillover) program, estate holdings, resulting in the loss of an international effort to prevent the leasing clients and millions of dollars spread of emerging viral diseases. [...] The five-year research initiative will To compensate for these losses, Cummings pivoted to capitalize on the space needs of focus on curbing the risk of illnesses the life sciences industry, which experienced significant growth during the pandemic. [...] Total Unrestricted 2,162,658,822 2,609,275,057 One of the first expenditures from the new fund was for furnishings for the new “Courtyard Suites,” giving Total Liabilities and Net Assets $2,210,050,961 $2,640,448,965 the upgraded wing a fresh, modern look.
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