CUMMINGS FOUNDATION GRANT TO FUND INVERSANT EDUCATION PROGRAM
CHELSEA, Massachusetts—Inversant is one of 100 local nonprofits to receive grants of $100,000 through the Cummings Foundation’s “$100K for 100” program. The Boston-based organization was chosen from a total of 479 applicants through a competitive review process.
The grant will enable Inversant to continue empowering families to become informed consumers of higher education through savings and monthly workshops. Inversant has worked with low- and moderate- income families of students through partnerships in Lynn, Chelsea, Salem and Boston since 2009.
“We’re thrilled that the Cummings Foundation chose Inversant as a recipient of this generous grant which will help us start more young families on the path to sending a child to college,” said Inversant Founder and Chair of Board, Bob Hildreth. “When families engage in the college savings process at a younger age, they vastly increase the likelihood of their child attending and completing a four-year college program.”
Families participating in Inversant open a savings account and begin putting away money for their children’s future education. They learn about the college application and financing process through Inversant’s online initiative and monthly workshops.
The $100K for 100 program supports nonprofits that are not only based in but also primarily serve Middlesex, Essex and Suffolk counties. This year, the program is benefiting 41 different cities and towns within the Commonwealth.
“We admire and very much appreciate the important work that nonprofit organizations like Inversant are doing in the local communities where our colleagues and clients live and work,” said Joel Swets, Cummings Foundation’s executive director. “We are delighted to support their efforts.”
The complete list of 100 grant winners is available at www.CummingsFoundation.org.
ABOUT CUMMINGS FOUNDATION
Woburn-based Cummings Foundation, Inc. was established in 1986 by Joyce and Bill Cummings of Winchester. With assets exceeding $1 billion, it is one of the largest foundations in New England. The Foundation directly operates its own charitable subsidiaries, including two New Horizons retirement communities in Marlborough and Woburn. Its largest single commitment to date was $50 million to Cummings School of Veterinary Medicine at Tufts University. Additional information is available at www.CummingsFoundation.org