Cummings Foundation (CFI), based in Woburn, Massachusetts, was founded in 1986 by Bill and Joyce Cummings of Winchester. A meaningful percentage of the Foundation’s more than $3 billion in assets is in the form of commercial real estate serving 2,000 clients including 150 life sciences and medical device firms. The Foundation’s properties are all debt free and operated, on a pro bono basis, by Cummings Properties, which Bill Cummings founded more than 50 years ago. One hundred percent of rental profits go to the Foundation for philanthropic purposes. Cummings Foundation has awarded nearly $500 million to date to nonprofits based primarily in greater Boston. The Cummings $30 Million Grant Program awards $30 million annually to 150 nonprofits based in and serving Middlesex, Essex, Suffolk counties, and select Norfolk County communities. Through its ongoing commitment to education, CFI has formed special relationships with—and committed between $10 million and $50 million to— several affiliated colleges and programs. Beyond the Foundation’s grantmaking activities, another major initiative is its New Horizons senior living communities in Woburn and Marlborough. These two not-for-profit independent and assisted living communities operated by the Foundation, provide homes—as well as abundant activities, nutritious dining, beautiful surroundings, and quality care—for about 500 senior residents.