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Marlborough – Marlborough Community Development Corporation (MCDC) is one of 100 local nonprofits to receive grants of $100,000 each through the Cummings Foundation “$100K for 100 Program.” The funding will enable MCDC to expand its financial self-sufficiency programs for vulnerable residents in Metrowest.
Representing MCDC, Executive Director Lynn Faust and Board Chair Marilyn Perry will join 300 other guests at a Cummings Foundation reception. With the conclusion of this grant cycle, Cummings Foundation has awarded more than $220 million to Greater Boston nonprofits.
“MCDC is excited to receive a $100,000 grant from the Cummings Foundation,” said Faust. “The grant will help to ensure that our quality programming will continue to strengthen the financial self-sufficiency skills of workers and families in MetroWest.”
Specifically, the grant will help fund the Financial Fitness programs of MCDC, which includes financial coaching, VITA tax preparation, financial education, nutritional education, and senior wellness programs. These programs help low-income members of the community to become self-sufficient.
The $100 K for 100 Program supports nonprofits that are based in and primarily serve Middlesex, Essex, and Suffolk counties. Through this place-based initiative, Cummings Foundation aims to give back in the area where it owns commercial buildings, all of which are managed, at no cost to the foundation, by its affiliate Cummings Properties.
“We are indebted to the non-profit organizations like Marlborough Community Development Corporation that have a meaningful, positive impact on the local communities where our colleagues and clients live and work,” said Joel Swets, Cummings Foundation executive director. “We are delighted to invest in their important programs and services.”
This year’s diverse group of recipients represents a wide variety of causes, including homelessness prevention and affordable housing, education, violence prevention, and food insecurity. Most of the grants will be paid over two to five years. MCDC was chosen from a total of 597 applicants during a competitive review process.
The complete list of 100 grant winners will be available June 7 at www.CummingsFoundation.org.
