Cummings Properties Foundation (CPFI) was founded by Joyce and Bill Cummings of Winchester, Massachusetts in 1986 as a Massachusetts trust. Directly or otherwise, Bill and Joyce provided the Foundation’s financial base. It was originally organized expressly to give back to the communities in which commercial real estate firm Cummings Properties does business, and from which most of its employees came. It continues to provide ongoing support to hundreds of local causes.
By 2002, CPFI had become an operating foundation, and effective April 1, 2002, it changed its name to Cummings Foundation, Inc. (CFI).
The vast majority of all CFI funding has been internal, including the considerable growth of CFI’s investments. One substantial outside funding source was an early $100,000 contribution from Prudential Insurance Company of America. In early 2021, New Horizons at Choate received a distribution of $980,000 from the dissolution of Woburn’s former Tidd Home after the venerable Woburn home shud down after serving Woburn seniors for 100 years. The Foundation expects to continue its mission in perpetuity through investment growth as well as anticipated future bequests.