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Yearly Archives: 2017

May 2017

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

2017-11-30T00:54:41+00:00May 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 [...]

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April 2017

Cambridge Needs Assessment

2017-11-30T00:54:41+00:00April 7th, 2017|Press Release|

  Between 2010 and 2013, mitigation funds were pledged to the City of Cambridge through zoning amendments and agreements with developers. To put these Community Benefits funds to effective use, the City Council suggested the idea that the City partner with the nonprofit community to expand services that benefit Cambridge residents and help address residents’ unmet needs. Since the idea’s conception, the City worked with the Cambridge Community Foundation, a charitable organization focused on serving Cambridge residents, and representatives of the Cambridge Nonprofit Coalition to discuss collaboration on the development of a transparent and inclusive framework for understanding the community’s needs. The first step in developing a plan to distribute Community Benefits funds was to conduct a comprehensive needs assessment. To undertake the needs assessment, the City released a Request for Proposals and subsequently hired TDC. In September 2015, the City Manager created the Needs Assessment Advisory Committee to support and guide TDC. The Advisory Committee was composed of City staff from multiple departments and representatives of both the Cambridge Community Foundation and the local nonprofit community. The Advisory Committee helped TDC to refine the research plan strategy and an inclusive community engagement process. The Cambridge Community [...]

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March 2017

Press Release: Boomtown/Hometown Report

2017-11-30T00:54:41+00:00March 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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February 2017

JOIN US FOR A COMMUNITY CONVERSATION ABOUT CAMBRIDGE MARCH 1st

2017-11-30T00:54:42+00:00February 11th, 2017|Civic Leadership, Press Release, Shared Prosperity|

A new report by the Cambridge Community Foundation draws attention to three powerful trends now shaping our city's future: increasing income inequality, rapidly rising housing costs and persistent educational disparities. Where are these trends taking Cambridge? Can our city-with its booming innovation economy and exceptional community assets-keep its historic commitment to social justice and create a future in which prosperity is shared across the entire community?   Please join us for a community conversation on Wednesday, March 1, 2017 8:00-8:30 a.m. Breakfast and registration 8:30-8:50 a.m. Welcome and a Presentation of the Report Findings 8:50 - 10:10 a.m. A Panel of local Thought Leaders MODERATOR: Marjorie Decker, Massachusetts State Representative, 25th Middlesex District PANELISTS: Randy Albelda, Graduate Program Director and Professor of Economics, College of Liberal Arts: Senior Fellow Center for Social Policy, UMass Boston Moacir Barbosa, Director of Community Engagement, Health Resources in Action Barry Bluestone, Russell B. and Andree Stearns Trustee Professor of Political Economy, School of Public Police and Urban Affairs, Northeastern University Ronald F. Ferguson, Fellow, Malcolm Wiener Center for Social Policy and Faculty Director of the Achievement Gap Initiative, Harvard University 10:10 - 10:50 a.m. Community Table Conversation 10:50 - 11:00 a.m. Highlights and Closing FOR [...]

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CENTRAL SQUARE – A CELEBRATION OF DIVERSITY

2017-11-30T00:54:42+00:00February 8th, 2017|Press Release|

At the end of the 19th Century Central Square consolidated its position as Cambridge’s emerging downtown. The business district expanded, erasing the physical distinction between the old villages into a civic center. Cambridge had long since become a heterogeneous city of immigrant working people, college faculty, and commuting professionals, but it was still wrestling with the contradiction between its image as a middle-class city of single-family homes and the presence of a large working class that needed decent affordable housing. Even after the opening of the subway in 1912, Central Square residents continued to shop locally for personal and household goods and services. The number of small businesses continued to grow. Regional and local department store chains sold a variety of clothing and household goods at affordable prices. This was a period where local hardware, furniture, shoe, and drugstores proliferated, and service-orientated businesses flourished. One unique aspect of the place is that many salespeople lived in nearby neighborhoods, contributing to the family atmosphere in the Square.  

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99 Bishop Allen Drive
Cambridge, Massachusetts

About Cambridge Community Foundation

We are the local giving platform supporting shared prosperity, social equity and cultural richness, with roots that go a century deep.

Today, the Foundation supports more than 150 local nonprofits annually, conducts research and initiates cross-city conversations, and serves as a collaborative philanthropic partner to donors, nonprofits, businesses, and engaged citizens, helping to address community needs.

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