Cash flows to local nonprofit orgs

June 6, 2012 by  

Seven nonprofit organizations in the Beverly area will receive $100,000 each over the next two years.

The grants were recently awarded by the Cummings Foundation, funded by the Cummings Center Business Park in Beverly, a much needed cash injection to struggling nonprofit organizations on the North Shore. Whenever funding proposals are awarded to nonprofit organizations it generally means that direct mail flyer printing, brochure printing to advertise new programs or poster printing for events will soon follow.

The organizations to benefit from the financial gifts include North Shore Community college, Endicott College, Montserrat Collage or art and Salam State University. Beverly Hospital, Catholic Charities North and Spaulding Hospital for Continuing Medical Care also received $100,000 grants.

In the first cycle of grant competition this year, 203 requests for funding were received by the foundation. Most of the grants awarded were channeled through One World Boston, Inc., a funding arm of the Cummings Foundation. It is expected that in 2012, 60 brand new grants will be distributed in the tri-county area, totaling at the very minimum $7 million.

“While the Cummings organization has always believed in being a good corporate neighbor, we are delighted to be able extend our support through these substantial special grants to deserving North Shore organizations.”

Said Steve Drohosky, general manager of Cummings Center Business Park.

Some money has been pledged for work in Africa, including $250,000 to benefit a cancer center and a further $100,000 for agricultural education to fight poor nutrition in Rwanda.

In the past, Bill and Joyce Cummings and the Cummings Foundation have supported the YMCA, and the Cummings School of Veterinary Medicine.