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FUND, LP - 1256 P 25 25 25 CF MULTI STRATEGY GLOBAL HEDGED PTRS, LLC P 187595 -187595 -187595 CF MULTI STRATEGY GLOBAL HEDGED PTRS, LLC P 7486970 -7486970 -7486970 36684347 3270544 false 83425948 1125953063 0.074094 80378653 1135271273 0.070801 77932860 1057622938 0.073687 71442133 961476542 0.074305 69054472 891631115 0.077447 0.370334 0.074067 1323372014 98018195 1094729 99112924 85543087 2189459 2189459 2189459 2130627 2130627 X 623 59455 false false false 0 0 0 false false true true true true true MA true true false true false true http://www.cummingsfoundation.org WILLIAM F GRANT 7819358000 200 WEST CUMMINGS PARK WOBURN MA 01801 false false false true true false false false false true false false false false false false false false false false false Joyce M Cummings 200 West Cummings Park Woburn MA 01801 TRUSTEE & TREASURER 1.0 0 0 0 Patricia A Cummings PSY D 200 West Cummings Park Woburn MA 01801 TRUSTEE & Vice President 1.0 0 0 0 William S Cummings 200 West Cummings Park Woburn MA 01801 TRUSTEE & PRESIDENT 1.0 0 0 0 Joseph Abate MD 200 West Cummings Park Woburn MA 01801 Trustee 1.0 0 0 0 Anthony P Monaco MD PHD Tufts University Medford MA 02155 Trustee 1.0 0 0 0 HON Margot Botsford 200 WEST CUMMINGS PARK WOBURN MA 01801 Trustee 1.0 0 0 0 Paul C Casey 200 West Cummings Park Woburn MA 01801 Trustee 1.0 0 0 0 Carol A Donovan 200 West Cummings Park Woburn MA 01801 Trustee 1.0 0 0 0 DEBORAH T KOCHEVAR DVM PHD TUFTS UNIVERSITY MEDFORD MA 02155 Trustee 1.0 0 0 0 Jason Z Morris PhD fordham university bronx NY 10458 Trustee 1.0 0 0 0 Marilyn Cummings Morris MD MPH Childrens Hospital New York NY 10001 Trustee 1.0 0 0 0 Richard C Ockerbloom 200 West Cummings Park Woburn MA 01801 Trustee 1.0 0 0 0 Arlan F Fuller MD 200 West Cummings Park Woburn MA 01801 Trustee 1.0 0 0 0 LAURIE GABRIEL 200 WEST CUMMINGS PARK WOBURN MA 01801 TRUSTEE 1.0 0 0 0 David Harris PHD 200 West Cummings Park Woburn MA 01801 Trustee 1.0 0 0 0 Robert O'Connor Thru 0430 200 West Cummings Park Woburn MA 01801 Exec Dir NHM 50.0 77479 1874 26400 JOEL B SWETS 200 West Cummings Park Woburn MA 01801 EXEC DIR, CUMMINGS FND 50.0 141968 13815 0 CHRISTINE COAKLEY 200 West Cummings Park Woburn MA 01801 EXEC DIRECTOR, NHC 50.0 122846 23713 0 ANDY EICK AS OF 0501 200 West Cummings Park Woburn MA 01801 EXEC DIR NHM 50.0 89810 21358 6600 RICHARD CURTIN 200 WEST CUMMINGS PARK WOBURN MA 01801 SR BUILDING SYS MGR 50.0 149757 13507 0 MICHAEL DONAGHEY 200 WEST CUMMINGS PARK WOBURN MA 01801 ELECTRICAL TL 50.0 124710 23844 0 CHRISTOPHER MARZULLO 200 WEST CUMMINGS PARK WOBURN MA 01801 ASSOC DIV MGR 50.0 112486 19976 0 MARK LYNCH 200 WEST CUMMINGS PARK WOBURN MA 01801 CARPENTER - LEAD 50.0 111340 21507 0 MICHAEL DEPIERRO 200 WEST CUMMINGS PARK WOBURN MA 01801 CARPENTRY - TL 50.0 110872 13341 0 61 VNA CARE ADVANTAGE INC 120 THOMAS STREET WORCESTER MA 01608 ASSISTED LIVING SVCS 1636507 MERRILL LYNCH TRUST CO ONE FEDERAL STREET BOSTON MA 02134 INVESTMENT SVCS 1491004 COMMONFUND 15 OLD DANBURY ROAD WILTON CT 068970812 INVESTMENT SVCS 1177834 lahey health at home 800 west cummings park s-5000 WOBURN MA 01801 ASSISTED LIVING SVCS 510488 kkr special situations 555 california street SAN FRANCISCO CA 94104 INVESTMENT SVCS 336130 1 SEE GENERAL EXPLANATION ATTACHMENT - CUMMINGS SCHOOL OF VETERINARY MEDICINE 70353788 SEE GENERAL EXPLANATION ATTACHMENT - NEW HORIZONS AT MARLBOROUGH 8969530 SEE GENERAL EXPLANATION ATTACHMENT - NEW HORIZONS AT CHOATE 3805972 SEE GENERAL EXPLANATION ATTACHMENT - CUMMINGS INSTITUTE FOR WORLD JUSTICE, LLC 0 899760916 3970182 439793789 1343524887 0 1343524887 20152873 1323372014 66168601 X 83304168 0 2238919 0 0 85543087 85543087 1990-04-27 X 66168601 56297653 56763564 52881147 232110965 56243311 47853005 48249029 44948975 197294320 85543087 83425948 80378653 77932860 327280548 174878 2130819 301008 1586126 4192831 85368209 81295129 80077645 76346734 323087717 0 44112401 37531769 37842343 35254098 154740611 0 0 0 0 WILLIAM S CUMMINGS PATRICIA A CU JOYCE CUMMINGS AND JASON Z MORRIS X AIDS ACTION COMMITTEE OF MA 75 AMORY STREET BOSTON MA 02119 None PC Community Healthcare Program 500 AMERICAN CANCER SOCIETY PO BOX 22478 OKLAHOMA CITY OK 73123 None PC Cancer Research Treatment 70 AMERICAN DIABETES ASSOCIATON 2451 CRYSTAL DR SUITE 900 ARLINGTON VA 22202 None PC Diabetes Research 50 ASSABET VALLEY REGIONAL VOCATIONAL 215 FITCHBURG STREET MARLBOROUGH MA 01752 None PC Youth Education 1000 DANA-FARBER CANCER INSTITUTE 10 BROOKLINE PLACE W 6TH FLOOR BROOKLINE MA 02445 None PC Cancer Research Treatment 800 DOCTORS WITHOUT BORDERS USA INC 333 7th AVE 2nd FLOOR NEW YORK NY 10001 None PC Disaster Emergency Relief 400 SOUTH MIDDLESEX OPP COUNCIL 69 TREMONT STREET MARLBOROUGH MA 01752 None PC Community Welfare Program 1200 FRIENDS OF WINTER POND PO BOX 342 WINCHESTER MA 01890 None PC Conservation Programs 1000 FRIENDS WINCHESTER PUBLIC LIBRARY 80 WASHINGTON STREET WINCHESTER MA 01890 None PC Civic Programming 1000 KATHI GLAVIN HIGGINS SCHOLARSHIP 223 BOSTON RD BILLERICA MA 01862 None PC Educational Programming 800 LIMERICK FIREEMS DEPARTMENT PO BOX 195 LIMERICK ME 04048 None PC Health and Prevention 53228 MARLBOROUGH HIGH SCHOOL 431 BOLTON STREET MARLBOROUGH MA 01751 None PC Educational Programming 1700 MISHAWUM CHORAL SOCIETY 74 PEARL STREET WOBURN MA 01801 None PC Cultural Arts Programming 300 MUSCULAR DYSTROPHY ASSOCIATION 33 LYMAN STREET 304B WESTBOROUGH MA 01581 None PC Health Research and Programs 200 MUSEUM OF FINE ARTS 465 HUNTINGTON AVENUE BOSTON MA 02115 None PC Cultural Arts Programming 2500 NESKAYA INC PO BOX 634 FRANCONIA NH 03580 None PC Cultural Arts Programming 830 POP WARNER LITTLE SCHOLARS INC 586 MIDDLETOWN BLVD STE-100 LANGHORN PA 19047 None PC Youth Extracurricular Activity 800 ST MATHIAS PARISH 409 HEMENWAY ST MARLBOROUGH MA 01752 None PC Community Welfare Program 2000 SUPPORTIVE LIVING INC 400 WEST CUMMINGS PARK SUITE 6100 WOBURN MA 01801 None PC Brain Injury Residence 100000 UMASS MEMORIAL HEALTH CARE INC 157 UNION STREET MARLBOROUGH MA 01752 None PC Community Healthcare Program 3000 WINCHESTER FOUNDATION FOR EDUCATION PO BOX 1005 WINCHESTER MA 01890 None PC Educational Programming 1000 WINCHESTER MEALS ON WHEELS 104 SKILLINGS ROAD WINCHESTER MA 01890 None PC Community Welfare Program 500 WINCHESTER SCHOLARSHIP FOUNDATION PO BOX 174 WINCHESTER MA 01890 None PC Educational Programming 1000 WINCHESTER SPORTS FOUNDATION PO BOX 493 WINCHESTER MA 01890 None PC Youth Extracurricular Activity 1000 174878 SENIOR FACILITY REVENUE 17788676 HOME HEALTH CARE REVENUE 2266828 VET SCHOOL REVENUE 66209195 14 12815696 16 70717 14 67696306 523000 165526 18 36684278 VENDING INCOME 01 33215 FLOW-THROUGH PARTNERSHIP LOSSES 523000 -756690 LITIGATION SETTLEMENT INCOME 01 36289 MISCELLANEOUS INCOME 01 8764 -591164 117345265 86264699 203018800 1A PART OF THE PRIMARY EXEMPT PURPOSE OF CUMMINGS FOUNDATION IS TO OPERATE TWO NOT-FOR PROFIT RESIDENTIAL INDEPENDENT AND ASSISTED LIVING FACILITIES FOR SENIORS. SENIOR FACILITY REVENUE IS INCOME FROM THE OPERATION OF SUCH FACILITIES. 1B PART OF THE PRIMARY EXEMPT PURPOSE OF CUMMINGS FOUNDATION IS TO PROVIDE HOME HEALTH CARE TO SENIORS. HOME HEALTH CARE REVENUE IS INCOME FROM THE PROVISION OF SUCH CARE TO SENIORS. 1C CUMMINGS FOUNDATION ENTERED INTO A LONG-TERM AGREEMENT WITH TUFTS UNIVERSITY IN 2004 TO OPERATE ITS VETERINARY SCHOOL THROUGH A SUBSIDIARY CALLED VETERINARY SCHOOL AT TUFTS, LLC. DURING THE TERM OF THE AGREEMENT, CUMMINGS FOUNDATION WILL CONTRIBUTE AT LEAST $50 MILLION TO SUPPORT THE RENAMED CUMMINGS SCHOOL OF VETERINARY MEDICINE. THE IRS ISSUED A PRIVATE LETTER RULING ON MAY 6, 2004, CONFIRMING THAT THE EXPENDITURES DIRECTED TO TUFTS UNIVERSITY AND THE EXPENSES CUMMINGS FOUNDATION INCURS IN OPERATING THE CUMMINGS SCHOOL CONSTITUTE QUALIFIED DISTRIBUTIONS DIRECTLY FOR THE ACTIVE CONDUCT OF CUMMINGS FOUNDATION'S EXEMPT PURPOSES. false false false false true false false false false 1b(3) 0 HEM REALTY INC SEE ATTACHED 1b(3) 0 NHC REALTY INC SEE ATTACHED true HEM REALTY INC 501(C)(2) A DIVISION OF CFI NHC REALTY INC 501(C)(2) A DIVISION OF CFI X X 1 William S Cummings 200 West Cummings Park Woburn MA 01801 100000 X 2 Kevin Cummings 200 West Cummings Park Woburn MA 01801 560000 X 3 Patricia Cummings 200 West Cummings Park Woburn MA 01801 570000 X 4 Estate Stephen Miloszewski 10 Ceder St Woburn MA 12800 128000 X ACCOUNTING FEES 0 37559 ATTACHMENT TO FORM 990-PF ATTACHMENT TO FORM 990-PF Part VII-A, Question 5 AND 11; Part III, Line 5; and Part VII-B, Question 5c. During 2017, Cummings Foundation, Inc. (CUMMINGS FOUNDATION) transferred ASSETS HAVING A FAIR MARKET VALUE OF $218,798,000 to OneWorld Boston, Inc. (ONEWORLD BOSTON). These transfers were partial distributions pursuant to a larger plan to transfer significant assets of Cummings Foundation to oneworld boston under 507(B)(2) for the creation of an endowment. cummings foundation's series of related transfers/dispositions to oneworld boston began in 2012, when cummings foundation's net assets were $871,158,791. The transfers made by cummings foundation in 2017 to oneworld boston brought the value of the cumulative transfers from 2012 through 2017 to $394,513,060, which exceeds $217,789,698 (25 percent of cummings foundation's aforementioned total assets as valued in 2012), resulting in a significant disposition of the assets of cummings foundation under code section 507(B)(2) to oneworld boston, A section 501(C)(3) organization classified as a private foundation under code section 509(A). Expenditure Responsibility Statement for the year 2017 Pursuant to Reg Section 53.4945-5(d)(2), Cummings Foundation provides the following information: (i) Controlled Entity: OneWorld Boston, Inc. (OneWorld Boston) 200 West Cummings Park Woburn, MA 01801 (ii) Amount of Transfers: $ 500,000 06/28/2017 Cash $ 1,000,000 06/29/2017 Cash $ 2,000,000 07/03/2017 Cash $ 500,000 11/05,2017 Cash $ 58,215,756 02/06/2017 Securities $ 156,582,244 12/06/2017 Securities ____________ $ 218,798,000 TOTAL IN 2017 (iii) Purpose of Transfers: Endowment in support of OneWorld Boston (EIN 80-0681389), a grant-making private foundation qualified under Section 501(c)(3), and a controlled entity of Cummings Foundation, within the meaning of code section 512(b)(13). (iv/vi) Reports: OneWorld Boston submitted a full and complete report of its expenditure of the 2017 year transfer on June 25, 2018. The report reflected that of the $218,798,000 received during the year, $8,148,341 was expended on grants to public charities, $20,500 was expended on estimated taxes on investment income (sec. 4940), $6,585 was expended on accounting services, $9,243 was expended on miscellaneous expenses, and $210,613,331 was retained for addition to an endowment or the payment of future OneWorld Boston grants. (v) Diversions: To the knowledge of transferor, Cummings Foundation, no funds have been diverted to any activity other than the activity for which the transfer was originally made. (vii) Verification: Cummings Foundation has no reason to doubt the accuracy or reliability of the report from OneWorld Boston; therefore, no independent verification of the report was made. SUMMARY OF DIRECT CHARITABLE ACTIVITIES SUMMARY OF DIRECT CHARITABLE ACTIVITIES FORM 990-PF, PART IX-A CUMMINGS SCHOOL OF VETERINARY MEDICINE - $70,353,788. CUMMINGS FOUNDATION ENTERED INTO A LONG-TERM AGREEMENT WITH TUFTS UNIVERSITY in 2004 TO OPERATE ITS VETERINARY SCHOOL THROUGH A SUBSIDIARY CALLED VETERINARY SCHOOL AT TUFTS, LLC. DURING THE TERM OF AGREEMENT, CUMMINGS FOUNDATION WILL CONTRIBUTE AT LEAST $50 MILLION TO SUPPORT THE RENAMED CUMMINGS SCHOOL OF VETERINARY MEDICINE. THE IRS ISSUED A LETTER RULING ON MAY 6, 2004, CONFIRMING THAT THE EXPENDITURES DIRECTED TO TUFTS UNIVERSITY AND THE EXPENSES CUMMINGS FOUNDATION INCURS IN OPERATING THE CUMMINGS SCHOOL CONSTITUTE QUALIFIED DISTRIBUTIONS DIRECTLY FOR THE ACTIVE CONDUCT OF CUMMINGS FOUNDATION'S EXEMPT PURPOSES. NEW HORIZONS AT MARLBOROUGH - $8,969,530. ESTABLISHED IN 1993 AND ACCOMMODATES APPROXIMATELY 500 RESIDENTS AT ITS MARLBOROUGH, MASSACHUSETTS CAMPUS. THE FACILITy HAS THE ABILITY TO ACCOMMODATE ACTIVE AND INDEPENDENT SENIORS, SENIORS REQUIRING ASSISTANCE WITH ACTIVITIES OF DAILY LIVING (ASSISTED LIVING RESIDENTS) AND SENIORS SUFFERING FROM ALZHEIMER'S DISEASE. NEW HORIZONS AT CHOATE - $3,805,972. ESTABLISHED IN 1990 AND ACCOMMODATES 125 SENIORS. THE FACILITY IS LOCATED IN WOBURN, MA. FORMERLY THE CHOATE MEMORIAL HOSPITAL PROPERTY, THIS PROPERTY WAS CONVERTED TO A RETIREMENT COMMUNITY WHICH INCLUDES SUITES FOR INDEPENDENT LIVING AND ASSISTED LIVING UNITS. THE FACILITy HAS THE ABILITY TO ACCOMMODATE ACTIVE AND INDEPENDENT SENIORS, SENIORS REQUIRING ASSISTANCE WITH ACTIVITIES OF DAILY LIVING (ASSISTED LIVING RESIDENTS) AND SENIORS SUFFERING FROM ALZHEIMER'S DISEASE. CUMMINGS INSTITUTE FOR WORLD JUSTICE, LLC ("CIWJ") (EIN 80-0690363) - $0. THE PRINCIPAL PURPOSE OF CIWJ IS TO PROMOTE MORE SERIOUS STUDY OF THE HOLOCAUST, GENOCIDES, AND INJUSTICES OF ALL KINDS IN A CORE GROUP OF NEW ENGLAND SCHOOLS. CIWJ WAS ESTABLISHED TO SERVE AS AN ACTIVE COORDINATING ORGANIZATION THAT MAKES PROGRAMMING AVAILABLE TO PARTICIPATING SCHOOLS, AND ASSISTS EACH SUCH SCHOOL IN TAILORING A PROGRAM TO THAT SCHOOL'S PARTICULAR NEEDS. ORGANIZED AS A SINGLE-MEMBER LLC (AND DISREGARDED ENTITY OF CUMMINGS FOUNDATION, INC.) CIWJ HAD NO EXPENSES AND RECEIVED NO REVENUE IN 2017. THE IRS ISSUED A DETERMINATION LETTER ON DECEMBER 9, 2011, CONFIRMING CIWJ WAS LIKELY TO QUALIFY AS A PRIVATE OPERATING FOUNDATION DESCRIBED IN SECTION 4942(J)(3) OF THE INTERNAL REVENUE CODE. DESCRIPTION OF RENTAL OF FACILITIES DESCRIPTION OF RENTAL OF FACILITIES FORM 990-PF, PART XVII, LINE 1D REPORTING ORGANIZATION HAS A DIVISION CALLED NEW HORIZONS AT MARLBOROUGH, LLC (EIN: 75-3031923) ("NHM"). NHM IS LESSEE OF REAL PROPERTY FROM HEM REALTY, INC. (EIN: 30-0553220) ("HEM REALTY"), WHICH IT USES IN OPERATIONS. HEM REALTY IS A 501(C)(2) TITLE HOLDING COMPANY THAT IS RELATED TO REPORTING ORGANIZATION. BECAUSE HEM REALTY HOLDS TITLE FOR REPORTING ORGANIZATION, AND CONSISTENT WITH ITS PURPOSES WOULD TURN OVER ANY RENT IT COLLECTS TO REPORTING ORGANIZATION, HEM REALTY WAIVES PAYMENT OF RENT FROM REPORTING ORGANIZATION'S DIVISION, NHM. 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