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Nathan Cummings Foundation

NATHAN CUMMINGS FOUNDATION
475 10 AVE
NEW YORK , NY 10018

Telephone: (212) 787-7300
email: contact@nathancummings.org
Website: http://www.nathancummings.org/
2006 Assets:
$531,768,855
EIN:
23-7093201
Exempt since
1950
EGA Member

Self-Description: The Nathan Cummings Foundation is rooted in the Jewish tradition and committed to democratic values and social justice, including fairness, diversity, and community. We seek to build a socially and economically just society that values nature and protects the ecological balance for future generations; promotes humane health care; and fosters arts and culture that enriches communities.

Actual: Fiercely anti-corporate leadership was the driving force behind the Blue Green Working Group and its efforts to destroy the fossil fuel industry with the help of unions in return for "just transition" payoffs to energy company employees, but not to shareholders or managers.

Origin of the Wealth: Nathan Cummings was born in Saint John, New Brunswick, Canada, in 1896. He moved from impoverished beginnings to great success by hard work, entrepreneurial genius, and a willingness to take risks.

In 1939, he purchased the C.D. Kenny Company of Baltimore, a small wholesale distributor of canned foods, coffee, tea, and spices. That was the beginning of the international company known today as the Sara Lee Corporation. For three decades he personally guided the growth of the company. He retired from active management in 1968 to pursue philanthropic interests. In his later years, he was a perceptive art collector and a generous philanthropist, with a strong interest in medicine and science. He inherited a spirit of sharing and community from his immigrant parents, and transmitted that spirit to his children and grandchildren, who contribute their time and energy to the Foundation. He died in 1985, leaving the majority of his estate to this Foundation.

Nathan Cummings Foundation

2006 Assets: $531,768,855  Grants paid, $20.4 million

Established in 1949 in New York, endowed by the fortune of Nathan Cummings, founder of Sara Lee Corporation.

Cummings originally funded programs to "enhance understanding between Jews and non-Jews," bring health care delivery to the poor, and support the arts.

It developed into a major contributor to far-left causes during the 1990s, then went through a total overhaul in 2001 with new headquarters, a new president, Lance E. Lindblom, (salary $285,113, benefits $60,144), and new prescriptive grantmaking strategies to foster far-left groups with the political power to change public policy. Lindblom was an early mentor of the Apollo Alliance, but clashes between Alliance leaders soured the relationship.

Programs included social justice, the environment and a ferocious anti-corporate thrust that saw the foundation itself filing shareholder resolutions.

All this is paid for by Cummings investments in ExxonMobil, ConocoPhillips, Chevron, Occidental Petroleum. Anadarko Petroleum, Duke Energy (coal, nuclear), El Paso Corp (natural gas), and many moreplus 25,999 shares of database firm Acxiom.
 

Nathan Cummings Foundation
Officers, Trustees, Foundation Managers 2006

Name Title Compensation
MR. ANDREW LEE TRUSTEE  
MR. ANDREW GOLDEN TRUSTEE  
MS. ARMANDA FAMIGILETTI ASSISTANT SECRETARY $103,750
MR. ERNEST TOLLERSON TRUSTEE  
MR. ROBERT MAYER TREASURER  
MR. STEPHEN DURCHSLAG TRUSTEE  
MR. JAMES CUMMINGS SECRETARY  
MR. LANCE LINDBLOM PRESIDENT & CEO $285,133
MS. BEATRICE MAYER CUMMINGS TRUSTEE  
MS. LEISLE LIN ASSISTANT TREASURER/VP FINANCE $156,000
MS. RUTH CUMMINGS SORENSEN VICE-CHAIR  
MS. RACHEL DURCHSLAG TRUSTEE  
MS. ROBERTA CUMMINGS TRUSTEE  
MS. SONIA CUMMINGS TRUSTEE  
MR. DEBRA WEESE-MAYER TRUSTEE  
MR. ADAM CUMMINGS CHAIR


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