The strong majority of all real estate managed by Cummings Properties is owned by and is operated solely for the benefit of Cummings Foundation, Inc (CFI). The Cummings family has donated all of the Company's land and buildings in Burlington, Marlborough, Medford, Somerville, Stoneham, Wakefield, and Wilmington, Massachusetts to CFI. Even TradeCenter 128 and all of the Beverly buildings distribute all net profits therefrom to the Foundation.
Cummings Foundation has contributed millions of dollars (each) to the Jamie McKeown Boys and Girls Club, to Partners in Health of Boston, to programs in Holocaust and genocide education, to Boston Museum of Science, to VNA Hospice Care, Inc. of Woburn, to Supportive Living, Inc. of Woburn, and to the YMCA. Every year, its other very local gifts in eastern Massachusetts alone now total more than $20 million. The Foundation has also invested more than $25 million to create and expand the New Horizons assisted living communities in Woburn and Marlborough. Included in CFI's recent contributions were half of the units in Beverly's Elliott Landing condominiums.
Directly or otherwise, Bill and Joyce Cummings of Winchester, Massachusetts provided the Foundation's entire financial base. Joyce is a former hospital dietitian who graduated from the University of Alabama and completed her dietetic internship at Massachusetts General Hospital. Among other activities, she has been a director of VNA Hospice Care, Inc. and Winchester Community Music School, and president of En Ka Society of Winchester, as well as co-chair of Winchester Friends of VNA Hospice Care, Inc. She is also a former trustee of Massachusetts Eye and Ear Infirmary, and chaired the women's golf program at Winchester Country Club.
After earlier endowing the Cummings Family Chair in Business Entrepreneurship at Tufts University, CFI entered a very unique relationship in 2002 with Tufts University through its newest operating subsidiary, Veterinary School at Tufts, LLC (VST). Through VST, the Foundation has invested $70 million to the very prestigious Cummings School of Veterinary Medicine at Tufts University.
Bill founded Cummings Properties, LLC (CPL) and several dozen other Massachusetts commercial real estate firms, and is involved in numerous community activities. He is a 1958 graduate and a trustee emeritus of Tufts University, and was also an overseer of Tufts Medical School. Bill and Joyce together have received honorary doctorates and delivered joint commencement addresses at three Boston area universities.
Bill has also served as an elected member and as chairman of the Winchester Planning Board, and as a director of Winchester Country Club, Winchester Hospital, and the former Tanners National Bank in Woburn. He is president of not-for-profit New Horizons at Choate in Woburn and the much larger New Horizons at Marlborough retirement community, and was founding publisher of three community newspapers. Bill is also president of Cummings Foundation, Inc