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February 2020

How to support your favorite nonprofits with a donor advised fund

2020-12-02T21:04:25+00:00February 18th, 2020|Philanthropy, Press Release|

"Nonprofit Row," home to the Foundation and nearly a dozen other Cambridge nonprofits. Giving is an impactful way to benefit your community, but it’s important to consider how you give. There are numerous ways to support local nonprofits. From an unrestricted gift of cash, to buying tickets for an annual gala, to opening a donor advised fund (DAF). A donor advised fund is one charitable giving vehicle that can stretch your dollars further and maximize the impact of your donation. DAFs have been gaining popularity in recent years and are a wonderful way to support nonprofits you care about. What is a donor advised fund? A DAF is similar to an investment account with the sole purpose of supporting charitable organizations that are important to you. Assets contributed to a DAF do not have to solely be cash. Individuals may contribute publicly traded securities, bitcoin, real estate, mutual fund shares, and certain complex assets (such as privately held C-corp and S-corp shares). Your donation will then grow in your account tax-free based on your investment preferences. The assets accumulated in a donor advised fund can be used to support virtually any charity that is qualified by [...]

January 2020

Cambridge Community Foundation names Michal Rubin vice president of development

2020-01-30T22:23:20+00:00January 27th, 2020|Civic Leadership, Philanthropy, Press Release|

The Cambridge Community Foundation has named Michal Rubin, a development executive with 15 years of experience in the nonprofit sector, as vice president of development. Rubin will play a key role in helping the Foundation address the social challenges Cambridge faces by strengthening partnerships with donors and nonprofit partners and advancing the organization’s strategic direction in the new decade.

July 2018

Nonprofit Spotlight: CommonWealth Kitchen

2018-07-27T15:54:11+00:00July 20th, 2018|Press Release|

Nonprofit Spotlight Inside CommonWealth Kitchen: Q&A with Executive Director Jen Faigel By Elie Levine Cambridge Community Foundation Intern As home to the most innovative square mile on the planet, we Cantabrigians know all about incubation, but in our city the term isn’t restricted to the tech industry.  Think food. Jen Faigel, co-founder and Executive Director of CommonWealth Kitchen, is making big strides in food-biz innovation through Greater Boston’s first shared kitchen and business incubator space. CommonWealth Kitchen has helped launch more than 200 food companies, the majority of which are owned by women, minorities, low income residents and immigrants.  This year, the Cambridge Community Foundation gave seed money to CommonWealth Kitchen to help create a new lunch-time retail business incubation space in Kendall Square. We caught up with Jen at the opening of The Dining Car on Athenaeum Street to learn more about incubating food startups in Cambridge and the impact on business owners and our community.  Here’s what we learned: What does CommonWealth Kitchen do and what’s the impact locally? We are not only Greater Boston’s food and business incubator and food manufacturing enterprise, we are also an economic development organization focused on asset building and wealth creation [...]

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