CSI Charitable Foundation
Joyce and Bill Cummings established Cummings Foundation, Inc. in 1986. At that time, the commercial real estate firm Bill founded in 1970, Cummings Properties, was thriving, and the Winchester, Massachusetts couple decided they wanted to give back in the Greater Boston areas where the growing business operated and where its staff and clients lived.
Over the years, Joyce and Bill donated the large majority of their commercial property to the Foundation. Today, nearly all of the buildings managed by Cummings Properties are actually owned by and operated for the sole benefit of Cummings Foundation. Clients who lease space at these properties feel good about this business decision, knowing that Cummings Buildings Power Charities.
Now one of the largest foundations in New England, Woburn-based Cummings Foundation currently has just more than $1.2 billion in net assets, and it has awarded more than $140 million in grants to Greater Boston nonprofits alone. Its giving is concentrated in Middlesex, Essex, and Suffolk counties and benefits a broad range of causes, including human services, education, healthcare, and social justice. The Cummings also have a special interest in Rwanda, where the Foundation collaborates with Partners In Health and a limited number of other organizations to aid in that East African country’s post-genocide recovery and rebuilding.
Joyce and Bill quietly contributed to the local community for many years. Then, in May 2011, they joined The Giving Pledge, an organization founded by Bill and Melinda Gates and Warren Buffet through which some of the world’s wealthiest individuals and couples have publicly pledged to donate at least half of their assets for philanthropic purposes. Bill and Joyce had already donated 90 percent of their wealth.
A private operating foundation, Cummings Foundation has three operating entities as well as various grant-making affiliates. Read and click on the links below for more information about the Foundation’s subsidiaries and affiliated programs.