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    May 2017

    Press Release: Moacir Barbosa elected to the governing board of Cambridge Community Foundation

    By | 2017-05-24T15:28:13+00:00 May 24th, 2017|Press Release|

    Moacir Barbosa, a long-time community leader in Cambridge has been elected to the board of directors of the Cambridge Community Foundation. He currently serves as Director of Community Engagement at Health Resources in Action, a Boston-based public health institute that seeks to improve health through social change. His work there is focused on collective impact, community engagement, youth development and violence prevention. A native of Cape Verde who grew up in Cambridge, Barbosa is a member of the board of trustees of the Phillips Brooks House Association, a student-run organization working for social justice through collaboration based on the Harvard University campus. He also serves as chair of the Men of Color Health Task Force and is a member of the board of trustees of the Cambridge Health Alliance hospital system. “Mo brings exceptional knowledge and insight about Cambridge – especially about young people in the city,” said Richard Harriman, chairman of the board of the Foundation. “I expect him to make a significant contribution to this organization as we go forward.” “I am delighted to join the Foundation,” said Barbosa. “Its commitment to expanding opportunity for local residents is critically important. I look forward to joining with the [...]

    Press Release: Cheryl Vozzella named to the Board of Directors of the Cambridge Community Foundation

    By | 2017-05-24T15:21:11+00:00 May 24th, 2017|Press Release|

    Bank of America names Cheryl Vozzella a trustee of Cambridge Community Foundation Cheryl Vozzella, a managing director and market sales executive for U.S. Trust, Bank of America Private Wealth Management, has been named to the board of directors of the Cambridge Community Foundation. She serves on the board as a trustee, which reflects the historic relationship of the Bank of America to the Foundation. As a successor bank to Harvard Trust Company, U.S. Trust shares oversight of the Foundation’s endowment with Cambridge Trust Company. In addition to four bank-appointed trustees, the board includes community board members who collectively share responsibility for managing the organization.  Cambridge Community Foundation, the only foundation serving the entire city, established in 1916, is currently marking its centennial year. It funds nonprofit organizations through two annual sets of grants, serves as a civic leader, promotes collaboration focused on urgent local issues, and partners with donors to provide a permanent source of charitable funds for the city, known as the Cambridge Endowment. “I am delighted that Cheryl will be filling this important role with the Foundation,” said Richard Harriman, chairman of the board. “She brings both important professional skills and personal qualities that will make her [...]

    March 2017

    Press Release: Boomtown/Hometown Report

    By | 2017-05-01T18:54:22+00:00 March 1st, 2017|Civic Leadership, Press Release, Shared Prosperity|

    Read the Report Can Cambridge retain its culture of diversity and opportunity in a dynamic innovation economy? Foundation calls for an agenda for ‘Shared Prosperity’ March 1 2017 A new report by Cambridge Community Foundation charts the impact of trends in housing, education and income disparity that threaten the city’s prized culture of diversity and inclusion, even as its enviable role in a regional innovation economy drives soaring levels of prosperity. A review of relevant data raises questions about whether this growth actually benefits city residents–or whether a growing financial disconnect means many residents can no longer afford the city they live in. Fully 78 percent of current low-income households in Cambridge are “cost burdened,” spending more than 30 percent of their income on housing. Over half spend over 50 percent of total income on housing. They qualify as “severely cost burdened.” In 2015, Just 4 percent of the city’s rental housing stock was affordable for a family with two workers earning $75,000 a year in total – in a community with a median annual household income of just over $79,000. The cost of buying a home is inevitably further out of reach: just 2 percent of single-family [...]

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