2017-11-10T15:30:11-06:00 2016-12-31 ERNST & YOUNG US LLP 200 CLARENDON STREET BOSTON MA 021165072 990PF 2016-01-01 043073023 Cummings Foundation Inc % WILLIAM F GRANT CUMM 7819358000 200 West Cummings Park Woburn MA 01801 JOEL B SWETS Executive Director 7819358000 2017-11-10 true MICHAEL PAYNE P01442310 6172662000 68.228.206.89 02007720173145000000 2017-11-10 P 65395437866CC86D7D990D6EB0D4BC0DB964D981 75C5EDAB7EBB92AAB100D8D7E73F8E6643DC4F33 2016 2017-02-10 21:41:12Z X 1218718547 X 3476298 11242235 11235235 11242235 92405 92405 92405 75049 3904096 113469228 3885681 140949785 58522389 141639774 159664819 73735710 152974414 574334 574334 39121262 39022128 907183 947508 5484 100617 1522042 420042 318544 318544 3401580 3328976 42574952 6222325 3259 36512577 88425381 6642367 321803 80486140 2130819 2130819 90556200 6642367 321803 82616959 69108619 67093343 152652611 235032 3092792 3092792 14114549 11556132 11556132 7151258 6570734 7151258 7151258 30622 25303 25303 148391 148373 148373 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6829 CUMMINGS FDN PRIVATE CAP FD - 1231 P 11145 11145 11145 PROVIDENCE EQUITY PTNRS VII - 1231 P 732 -732 -732 CF CAPITAL INTL PTNRS VII - 1256 P 50 50 50 CF STRAT SOLUTIONS GLOBAL EQ - 1256 P 25430 25430 25430 ML WINTON FUTURES ACCESS - 1256 P 66234 66234 66234 3885681 -6293722 false 80378653 1135271273 0.070801 77932860 1057622938 0.073687 71442133 961476542 0.074305 69054472 891631115 0.077447 65050847 830930160 0.078287 0.374527 0.074905 1125953063 84339514 670933 85010447 83425948 1341867 1341867 1341867 1847494 1847494 X 505627 505627 false false false 0 0 0 false false true true false 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 true 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 Robert O'Connor 200 West Cummings Park Woburn MA 01801 EXEC DIR NHM 50.0 145268 7867 26400 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 supreme judicial court boston MA 02108 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 cummings school of veterinary medicine AT TUFTS UNIVERSITY north grafton MA 01536 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 Joel B Swets 200 West Cummings Park Woburn MA 01801 EXEC DIR, CUMMINGS FND 50.0 215026 11405 0 Christine Coakley 21 Warren Avenue Woburn MA 01801 Exec DiRECTOR, NHC 50.0 146471 21897 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 RICHARD CURTIN 200 WEST CUMMINGS PARK WOBURN MA 01801 ASSOC DIVISION MNGR 50.0 131214 11761 0 MICHAEL DONAGHEY 200 WEST CUMMINGS PARK WOBURN MA 01801 ELECTRICAL TL 50.0 120262 21927 0 MICHAEL DEPIERRO 200 WEST CUMMINGS PARK WOBURN MA 01801 CARPENTRY TL 50.0 112929 12639 0 MARK LYNCH 200 WEST CUMMINGS PARK WOBURN MA 01801 CARPENTER - LEAD 50.0 112263 19614 0 DAVID FURTADO 200 WEST CUMMINGS PARK WOBURN MA 01801 PLUMBING TL 50.0 105536 18262 0 59 VNA CARE ADVANTAGE INC 120 THOMAS STREET WORCESTER MA 01608 ASSISTED LIVING SVCS 1556580 MERRILL LYNCH TRUST CO ONE FEDERAL STREET BOSTON MA 02134 INVESTMENT SVCS 1496301 COMMONFUND 15 OLD DANBURY ROAD WILTON CT 068970812 INVESTMENT SVCS 910143 WINCHESTER 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ME 04856 NONE PC CONSERVATION PROGRAMS 40 AIDS ACTION COMMITTEE OF MA 75 AMORY STREET BOSTON MA 02119 NONE PC COMMUNITY HEALTHCARE PROGRAM 300 ARMENIAN INTERNATIONAL WOMEN'S 65 MAIN ST 3A WATERTOWN MA 02472 NONE PC EDUCATIONAL PROGRAMMING 250 EVENING OF GIVING 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 WINCESTER MA 01890 NONE PC CIVIC PROGRAMMING 1000 HARVARD UNIVERSITY-SRO OUTSIDE 1350 MASSACHUSETTS AVENUE CAMBRIDGE MA 02138 NONE PC EDUCATIONAL PROGRAMMING 1274 JFS OF METROWEST 475 FRANKLIN ST-STE 101 FRAMINGHAM MA 01702 NONE PC COMMUNITY OUTREACH 675 KATHI GLAVIN HIGGINS SCHOLARSHIP 32 STEWART ST BILLERICA MA 01821 NONE PC EDUCATIONAL PROGRAMMING 600 LAZARUS HOUSE MINISTRIES INC PO BOX 408 LAWRENCE MA 01842 NONE PC CIVIC RELIEF 50 MARIA DROSTE QUINCY SERVICES 1354 HANCOCK ST QUINCY MA 02169 NONE PC MENTAL HEALTH PROGRAM 2500 MARLBOROUGH HIGH SCHOOL 431 BOLTON STREET MARLBOROUGH MA 01751 NONE GOV EDUCATIONAL PROGRAMMING 1000 MAYOR'S CHARITY RELIEF FUND PO BOX 374 MARLBOROUGH MA 01752 NONE PC CIVIC FUNDRAISER 5000 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 NOND PC HEALTH RESEARCH AND PROGRAMS 200 MUSEUM OF FINE ARTS 465 HUNTINGTON AVENUE BOSTON MA 02115 NONE PC CULTURAL ARTS PROGRAMMING 2500 NATIONAL MULTIPLE SCLEROSIS SOCIETY 3201 W COMMERICAL BLVD SUITE 127 FT LAUDERDALE FL 33309 NONE PC HEALTH RESEARCH AND PROGRAMS 200 NESKAYA INC PO BOX 634 FRANCONIA NH 03580 NONE PC CULTURAL ARTS PROGRAMMING 120 NEW ENGLAND CONFER OF THE UNITED METHODIST CHURCH PO BOX 249 LAWRENCE MA 01842 NONE PC RELIGIOUS PROGRAM 1500 NORTH SHORE UNITED WAY INC 240 CABOT STREET BEVERLY MA 01915 NONE PC COMMUNITY WELFARE PROGRAM 3000 PARTNERS IN HEALTH 800 BOYLSTON ST SUITE 1400 BOSTON MA 02199 NONE PC POVERTY ASSISTANCE THIRD WORLD 2000000 SAVVY SENIOR SYMPOSIUM 109 SKILLINGS ROAD WINCHESTER MA 01890 NONE GOV ELDER SERVICES 1000 SHARING A NEW SONG 11 SUNNYSIDE AVE SAUGUS MA 019062924 NONE PC CULTURAL ENRICHMENT PROGRAM 60 ST MATTHIAS PARISH 409 HEMENWAY ST MARLBOROUGH MA 01752 NONE PC COMMUNITY OUTREACH 1000 SUPPORTIVE LIVING INC 400 WEST CUMMINGS PARK SUITE 6100 WOBURN MA 01801 NONE PC BRAIN INJURY RESIDENCE 100000 THE SEAN C ELMORE MEMORIAL FUND 10 SCHOOLHOUSE LANE BILLERICA MA 01821 NONE PC COMMUNITY OUTREACH 500 U MASS MEMORIAL MEDICAL GROUP 306 BELMONT ST WORCESTER MA 01604 NONE PC CHILD LIFE SERVICES 500 VNA OF MIDDLESEX EAST HOSPICE 607 NORTH AVE SUITE 17 WAKEFIELD MA 01880 NONE PC COMMUNITY HEALTHCARE PROGRAM 300 WINCHESTER HISTORICAL SOCIETY 15 HIGH STREET WINCHESTER MA 01890 NONE PC CULTURAL ENRICHMENT PROGRAM 250 WINCHESTER HOSPITAL FOUNDATION 611 MAIN STREET WINCHESTER MA 01890 NONE PC HEALTH RESEARCH AND PROGRAMS 1000 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 WOBURN DOLLARS FOR SCHOLARS PO BOX 202 WOBURN MA 01801 NONE PC EDUCATIONAL PROGRAMMING 1000 WOBURN PEEWEE FOOTBALL ASSOCIATION 5 FRANK STREET WOBURN MA 01801 NONE PC YOUTH EXTRACURRICULAR ACTIVITY 200 WOODS HOLE COMMUNITY ASSOCIATION PO BOX 327 WOODS HOLE MA 02543 NONE PC COMMUNITY ENRICHMENT PROGRAMS 300 2130819 SENIOR FACILITY REVENUE 17151062 HOME HEALTH CARE REVENUE 2156966 VET SCHOOL REVENUE 63777883 14 11242235 16 75049 14 58521686 523000 28590 18 3875506 MISCELLANEOUS REVENUE 01 31474 FLOW-THROUGH PARTNERSHIP LOSSES 523000 -689286 -660696 73745950 83085911 156171165 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 600000 X 2 Kevin Cummings 200 West Cummings Park Woburn MA 01801 580000 X 3 Marilyn Morris 200 West Cummings Park Woburn MA 01801 1125000 X 4 Patricia Cummings 200 West Cummings Park Woburn MA 01801 1165000 X 5 Robert Paul Properties 55 Dartmouth St Boston MA 02116 5938 X ATTACHMENT TO FORM 990-PF ATTACHMENT TO FORM 990-PF Part VII-A, Question 11; Part III, Line 5; and Part VII-B, Question 5c During 2016, Cummings Foundation, Inc. transferred $42,193,069 to OneWorld Boston, Inc. This transfer is a partial distribution pursuant to a larger plan to transfer substantial assets of Cummings Foundation under 507(b)(2) for the creation of an endowment in support of OneWorld Boston. Expenditure Responsibility Statement for the year 2016 Pursuant to IRC Regulation Sec. 53.4945-5(d)(2), Cummings Foundation, Inc. (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: $35,193,069 FEBRUARY 5, 2016 $ 6,500,000 June 29, 2016 $ 500,000 AUGUST 3, 2016 ____________ $42,193,069 TOTAL IN 2016 (iii) Purpose of Transfers: Endowment in support of OneWorld Boston (EIN 80-0681389), a grant-making private foundation qualified under IRC sec. 501(c) (3), and a controlled entity of Cummings Foundation, within the meaning of IRC sec. 512(b)(13). (iv/vi) Reports: OneWorld Boston submitted a full and complete report of its expenditure of the 2016 year transfer on July 12, 2017. The report reflected that of the $42,193,069 received during the year, $9,146,660 was expended on grants to public charities, $97,497 was expended on estimated taxes on investment income (sec. 4940), $9,268 was expended on accounting services, $8,356 was expended on fees, and $32,931,288 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 - $67,850,090. 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 - $8,871,219. 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 - $3,764,130. 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.) ON FEBRUARY 18, 2011, CIWJ HAD NO EXPENSES AND RECEIVED NO REVENUE IN 2016. 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. REPORTING ORGANIZATION HAS A DIVISION CALLED NEW HORIZONS AT CHOATE, LLC (EIN: 75-3031909) ("NHC"). NHC IS LESSEE OF REAL PROPERTY FROM NHC REALTY, INC. (EIN: 30-0553218) ("NHC REALTY"), WHICH IT USES IN OPERATIONS. NHC REALTY IS A 501 (C)(2) TITLE HOLDING COMPANY THAT IS RELATED TO REPORTING ORGANIZATION. 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BALANCES 5697 TRANSFER TO ONE WORLD BOSTON, INC. 42193069 VET MATERIALS, SUPPLIES & SRVC 31316796 31338115 INVESTMENT EXPENSE 6222325 6222325 CONTRACT SERVICES 2189896 2188343 SUPPLIES 1560260 1614077 REPAIR & MAINTENANCE 485131 2319 489827 ACTIVITIES & SERVICE 165704 163247 INSURANCE 102025 940 182261 ADVERTISING 59784 63766 TELEPHONE 88133 84784 K-1 CHARITABLE CONTRIBUTIONS 703 MISCELLANEOUS 384898 387454 VETERINARY SCHOOL INCOME 63777883 63777883 OTHER NET INV INC FRM DISREGARDED ENT 54685719 54685719 54685719 PROGRAM SERVICE REVENUE 17151062 17151062 OTHER NET INV INC FROM OTHER K-1'S 3835967 3836670 3836670 CONTRACT REVENUE 2156966 2156966 MISCELLANEOUS INCOME 31474 31474 UNRELATED BUSINESS INCOME FROM K-1'S -689286 OTHER INCREASE TO FMV 85139 DEPOSITS & PREPAYMENTS 24424546 24017483 PROFESSIONAL FEES 5484 100617 FEDERAL TAXES PAID 1100000 STATE TAXES PAID 2000 FOREIGN TAXES PAID 420042 420042 NHC REALTY INC 200 WEST CUMMINGS PARK WOBURN MA 01801 300553218 No transfers were made in 2016 0 HEM REALTY INC 200 WEST CUMMINGS PARK WOBURN MA 01801 300553220 No transfers were made in 2016 0 OneWorld Boston Inc 200 West Cummings Park Woburn MA 01801 800681389 Transfer to endowment fund for OWB 42193069 42193069