Woburn's Social Capital Inc. is awarded $100K

"Woburn Social Capital Inc. awarded $100K," by Social Capital Inc., The Woburn Advocate (May 30,2017).

WOBURN - Social Capital Inc. is one of 100 local nonprofits this year to receive a grant of $100,000 through Cummings Foundation's "$100K for 100" program. 

The Woburn-based organization was chosen from a total of 549 applicants during a competitive review process.

SCI's mission is to strengthen communities by connecting diverse individuals and organizations through civic engagement initiatives. 

Representing SCI, President David Crowley and Board Chair John Franson will join approximately 300 other guests at a reception at TradeCenter 128 in Woburn to celebrate the $10 million infusion into Greater Boston's nonprofit sector. With the conclusion of this grant cycle, Cummings Foundation has now awarded more than $170 million to local nonprofits alone.

"We are thrilled to receive this grant from the Cummings Foundation," said Crowley. "The significant, multi-year support will enable us to make substantial progress on important issues facing our communities."

With these grant funds, SCI will deepen and expand youth leadership programming in Woburn and other communities in the region. This will include new initiatives to promote mental wellness and help support Woburn's increasingly diverse student population.

The "$100K for 100" program supports nonprofits that are based in and primarily serve Middlesex, Essex and Suffolk counties. This year, the program is benefiting 35 different cities and towns within the commonwealth.

Through this place-based initiative, the Cummings Foundation aims to give back to the area in which it owns commercial buildings, all of which are managed by its affiliate Cummings Properties. Founded in 1970 by Bill Cummings of Winchester, the Woburn-based commercial real estate firm leases and manages more than 10 million square feet of space, the majority of which exclusively benefits the foundation.

"Nonprofit organizations like SCI are vital the communities where our colleagues and clients live and work," said Joel Swet, Cummings Foundation's executive director. "We are delighted to invest in their efforts."

This year's diverse group of grant 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 the course of two to five years.

The complete list of "$100K for 100" grant winners is available at http://CummingsFoundation.org