2016-11-16T15:25:44-06:00 2015-12-31 ERNST & YOUNG US LLP 200 CLARENDON STREET BOSTON MA 021165072 990PF 2015-01-01 043073023 Cummings Foundation Inc % WILLIAM F GRANT CUMM 7819358000 200 West Cummings Park Woburn MA 01801 JOEL B SWETS Executive Director 2016-11-14 true Jeanne Schuster P00743154 6172662000 2015 2017-02-10 21:41:12Z X 1174608474 X 111800 327 327 327 11409800 11402800 11409800 113350 113350 113350 86672 1064019 105887022 1064019 141563001 60433593 142259015 154262297 73014089 153782492 371479 371479 37874510 37802501 819213 804092 7426 6238 2334949 357949 276794 276794 3464603 3492479 40828765 4234689 6270 36501112 85977739 4592638 283064 78977901 301008 301008 86278747 4592638 283064 79278909 67983550 68421451 153499428 49534 235032 235032 23374711 14114549 14114549 6570734 8311661 6570734 6570734 30261 30622 30622 129435 148391 148391 383185631 388744532 534211413 539951166 603563060 614517018 11543695 6768677 3952069 4775018 4775018 5697 5697 958984468 1018187635 1174608474 943772 1173230 26046766 24424546 26990538 25597776 X 931993930 992589859 931993930 992589859 958984468 1018187635 931993930 67983550 22275130 1022252610 29662751 992589859 PUBLICLY TRADED SECURITIES - 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LEAD 50.0 150157 17594 0 RICHARD CURTIN 200 WEST CUMMINGS PARK WOBURN MA 01801 ASSOC DIVISION MGR 50.0 124914 16842 0 MICHAEL DONAGHEY 200 WEST CUMMINGS PARK WOBURN MA 01801 ELECTRICAL TL 50.0 108640 18748 0 MICHAEL DEPIERRO 200 WEST CUMMINGS PARK WOBURN MA 01801 CARPENTRY TL 50.0 107046 11713 0 MICHAEL CRAVEIRO 200 WEST CUMMINGS PARK WOBURN MA 01801 CARPENTRY TL 50.0 100814 15529 0 COMMONFUND 15 OLD DANBURY ROAD WILTON CT 068970812 INVESTMENT SVCS 2111919 VNA CARE ADVANTAGE INC 120 THOMAS STREET WORCESTER MA 01608 ASSISTED LIVING SVCS 1541865 MERRILL LYNCH TRUST CO ONE FEDERAL STREET BOSTON MA 02134 INVESTMENT SVCS 1274996 WINCHESTER HEALTHCARE ENTERPRISES INC PO BOX 5-0803 WOBURN MA 01801 ASSISTED LIVING SVCS 649697 KKR SPECIAL SITUATIONS 555 CALIFORNIA STREET SAN FRANCISCO CA 94104 INVESTMENT SVCS 418296 SEE GENERAL EXPLANATION ATTACHMENT - NEW HORIZONS AT CHOATE 3556563 SEE GENERAL EXPLANATION ATTACHMENT - NEW HORIZONS AT MARLBOROUGH 8760388 SEE GENERAL EXPLANATION ATTACHMENT - CUMMINGS SCHOOL OF VETERINARY MEDICINE 66660451 SEE GENERAL EXPLANATION ATTACHMENT - CUMMINGS INSTITUTE FOR WORLD JUSTICE, LLC 500 797991700 98050 354469918 1152559668 0 1152559668 17288395 1135271273 56763564 X 79278909 0 1099744 0 0 80378653 80378653 1990-04-27 X 56763564 52881147 48073827 44581556 202300094 48249029 44948975 40862753 37894323 171955080 80378653 77932860 71442133 69054472 298808118 301008 1586126 769155 186737 2843026 80077645 76346734 70672978 68867735 295965092 0 37842343 35254098 32049218 29721037 134866696 0 0 0 0 WILLIAM S CUMMINGS PATRICIA A CU JOYCE CUMMINGS AND JASON Z MORRIS X AGAHOZO SHALOM 498 SEVENTH AVE 15TH FLOOR NEW YORK NY 10018 NONE PC At risk youth housing 33333 AIDS ACTION COMMITTEE 75 AMORY STREET BOSTON MA 02119 NONE PC Community Healthcare Program 785 AMERICAN FRIENDS OF 25 WEST 45TH STREET SUITE 1405 NEW YORK NY 10036 NONE PC Educational Awareness 25000 BOSTON CARDIAC FOUNDATION INC 50 TREMONT STREET SUITE 104 MELROSE MA 02176 NONE PC Health Research and Programs 33334 BOSTON CITY SINGERS 17 WALDECK ST DORCHESTER MA 02124 NONE PC Cultural Arts Programming 50 CITY OF MARLBOROUGH 140 MAIN STREET MARLBOROUGH MA 017523898 NONE GOV Educational Scholarships 7500 CLARK UNIVERSITY 950 MAIN STREET WORCESTER MA 01610 NONE PC Educational Scholarships 25000 ENDICOTT COLLEGE 376 HALE STREET BEVERLY MA 01915 NONE PC Educational Scholarships 10000 EVENING OF GIVING 69 TREMONT STREET MARLBOROUGH MA 01752 NONE PC Community Welfare Program 900 FRIENDS WINCHESTER PUBLIC LIBRARY 80 WASHINGTON STREET WINCHESTER MA 01890 NONE PC Civic Programming 1000 HARVARD UNIVERSITY - SRO 1350 MASSACHUSETTS AVENUE CAMBRIDGE MA 02138 NONE PC Educational Scholarships 2194 HEIFER INTERNATIONAL 1 WORLD AVENUE LITTLE ROCK AR 72202 NONE PC Poverty Assistance Third World 100 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 Scholarships 600 LIFEBRIDGE (FORMERLY SALEM MISSION) PO BOX 810 SALEM MA 01970 NONE PC Community Welfare Program 50 MARIA DROSTE QUINCY SERVICES 1354 HANCOCK ST QUINCY MA 02169 NONE PC Mental Health Services 2500 MARLBOROUGH HIGH SCHOOL 431 BOLTON STREET MARLBOROUGH MA 01751 NONE GOV Educational Scholarships 500 MARLBOROUGH HOSPITAL 157 UNION STREET MARLBOROUGH MA 01752 NONE PC Community Healthcare Program 5000 MARTIN W RICHARD CHARITABLE FNDTN ONE BOSTON PLACE ST 2600 BOSTON MA 02108 NONE PC Community Welfare Program 500 MASS GENERAL HOSPITAL 165 CAMBRIDGE STREET SUITE 600 BOSTON MA 02114 NONE PC Community Welfare Program 5000 MDA GOLF CLASSIC MARLBOROUGH 33 LYMAN STREET 304B WESTBOROUGH MA 01581 NONE PC Health Research and Programs 200 MISHAWUM CHORAL SOCIETY 74 PEARL STREET WOBURN MA 01801 NONE PC Cultural Arts Programming 300 MISSION OF DEEDS INC 6 CHAPIN AVENUE READING MA 01867 NONE PC Community Welfare Program 1000 MUSEUM OF FINE ARTS 465 HUNTINGTON AVENUE BOSTON MA 02115 NONE PC Cultural Arts Programming 2500 NATIONAL MS SOCIETY 101A FIRST AVENUE SUITE 6 WALTHAM MA 02451 NONE PC Community Welfare Program 50 NESKAYA MOVEMENT ARTS CENTER PO BOX 634 FRANCONIA NH 03580 NONE PC Cultural Arts Programming 100 NORTH SHORE UNITED WAY INC 240 CABOT STREET BEVERLY MA 01915 NONE PC Community Welfare Program 3000 PAN MASSACHUSETTS CHALLENGE 77 FOURTH AVENUE NEEDHAM MA 02494 NONE PC Health Research and Programs 300 RENSSELAER POLYTECHNIC INSTITUTE 110 8TH STREET TROY NY 121812500 NONE PC Educational Scholarships 10000 SAVVY SENIOR SYMPOSIUM 109 SKILLINGS ROAD WINCHESTER MA 01890 NONE PC Elder Services 1000 SHARING A NEW SONG 11 SUNNYSIDE AVE SAUGUS MA 019062924 NONE PC International Cultural Exchange 317 ST MATTHIAS PARISH 409 HEMENWAY STREET MARLBOROUGH MA 01752 NONE PC Community Outreach 1500 ST CHARLES BORROMEO PARISH 280 MAIN STREET WOBURN MA 01801 NONE PC Community Welfare Program 200 SUPPORTIVE LIVING INC 400 WEST CUMMINGS PARK SUITE 6100 WOBURN MA 01801 NONE PC Brain Injury Residence 100000 THE MYSTIC CHORALE INC 1337 MASS AVE BOX 161 ARLINGTON MA 024764101 NONE PC Cultural Arts Programming 120 THE SEAN C ELMORE MEMORIAL FUND 10 SCHOOLHOUSE LANE BILLERICA MA 01821 NONE PC Community Outreach 400 UNITED TO END GENOCIDE 1010 VERMONT AVE NW SUITE 1100 WASHINGTON DC 20005 NONE PC Community Awareness 20000 UNIVERSITY OF MASSACHUSETTS-AMHERST 215 WHITMORE BLDG BURSARS OFFICE AMHERST MA 01003 NONE PC Educational Scholarships 1000 VNA OF MIDDLESEX EAST HOSPICE 607 NORTH AVE SUITE 17 WAKEFIELD MA 01880 NONE PC Community Healthcare Program 800 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 Scholarships 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 Scholarships 1000 WOBURN GIRL SCOUTS 95 BERKELEY STREET BOSTON MA 02116 NONE PC Youth Extracurricular Activity 250 WOBURN MEMORIAL HIGH SCHOOL 88 MONTVALE AVE WOBURN MA 01801 NONE PC Educational Programming 350 WOODS HOLE COMMUNITY ASSOCIATN INC PO BOX 327 WOODS HOLE MA 02543 NONE PC Community Enrichment 100 301008 SENIOR FACILITY REVENUE 16750973 HOME HEALTH CARE REVENUE 2310352 VET SCHOOL REVENUE 62730152 14 327 14 11409800 16 86672 14 60433593 17 1064019 01 33945 FLOW-THROUGH PARTNERSHIP LOSSES 523000 -696014 -696014 73028356 81791477 154123819 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 Indian Circle of Caring 220 Totten Pond Road Waltham MA 02451 10000 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 2015, Cummings Foundation, Inc. transferred $29,662,751 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 2015 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: $18,662,751 FEBRUARY 6, 2015 $ 8,500,000 June 23, 2015 $ 2,500,000 november 2, 2015 ____________ $29,662,751 TOTAL IN 2015 (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 2015 year transfer on June 30, 2016. The report reflected that of the $29,662,751 received during the year, $11,708,339 was expended on grants to public charities, $100,500 was expended on estimated taxes on investment income (sec. 4940), $3,675 was expended on accounting services, $2,498 was expended on fees, and $17,847,739 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 NEW HORIZONS AT CHOATE - $3,556,563. 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. NEW HORIZONS AT MARLBOROUGH - $8,760,388. ESTABLISHED IN 1993 AND ACCOMMODATES APPROXIMATELY 500 RESIDENTS AT ITS MARLBOROUGH, MASSACHUSETTS CAMPUS. BOTH FACILITIES HAVE 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 SCHOOL OF VETERINARY MEDICINE - $66,660,451. 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. Cummings INSTITUTE FOR WORLD JUSTICE, LLC ("CIWJ") (EIN 80-0690363) - $500. 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 paid state filing fees, BUT received NO REVENUE IN 2015. 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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