Cambridge Community Foundation was one of the first community foundations in the nation, established to make a difference in the lives of Cambridge residents. Created to serve as a vehicle for local giving and to address local needs, the Foundation has expanded its commitment to the power of philanthropy and to civic leadership over the past century.
A founding gift from cattleman John Parmenter was dedicated to college scholarships, enabling generations of students to study at Harvard College.
As the Foundation’s endowment grew through gifts and bequests, it expanded its range of activity. Since the 1950s, organized grantmaking to support nonprofit organizations has steadily increased. Last year, the Foundation awarded $1.3 million in grants. That support has also grown more strategic over time, focused on long-term impact and addressing critical community needs.