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Abbagadassett Foundation Inc. is a private corporation based in BOWDOINHAM, ME. The foundation received its IRS ruling in 2017. The principal officer is Denham Ward. It holds total assets of $12.6M. Annual income is reported at $3.6M. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in Maine and New York. According to available records, Abbagadassett Foundation Inc. has made 28 grants totaling $2.2M, with a median grant of $63K. Annual giving has grown from $461K in 2020 to $608K in 2023. Grantmaking activity was highest in 2022 with $1.2M distributed across 12 grants. Individual grants have ranged from $1K to $200K, with an average award of $80K. The foundation has supported 15 unique organizations. Grants have been distributed to organizations in Maine and New York. Contributions to this foundation are tax-deductible.
Smallest Grant
$20K
Median Grant
$69K
Average Grant
$97K
Largest Grant
$200K
Based on 6 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Abbagadassett Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 28 grants. Its grantmaking reaches organizations primarily in ME, NY.
Abbagadassett Foundation Inc. has distributed a total of $2.2M across 28 grants. The median grant size is $63K, with an average of $80K. Individual grants have ranged from $1K to $200K.
Abbagadassett Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Abbagadassett Foundation Inc. is headquartered in BOWDOINHAM, ME. While based in ME, the foundation distributes grants to organizations across 2 states.
Officer and trustee information is not yet available for this foundation. This data is typically reported in Part VIII of the 990-PF filing.
Total Giving
$659K
Total Assets
$11.3M
Fair Market Value
$11.3M
Net Worth
$11.3M
Grants Paid
$608K
Contributions
N/A
Net Investment Income
$330K
Distribution Amount
$532K
Total: $10.5M
Total Grants
28
Total Giving
$2.2M
Average Grant
$80K
Median Grant
$63K
Unique Recipients
15
Most Common Grant
$200K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Aclu FoundationTo Support Organization | New York, NY | $171K | 2023 |
| Spurwink ServicesTo Support Organization | Portland, ME | $100K | 2023 |
| Maine Public Broadcasting NetworkTo Support Organization | Portland, ME | $91K | 2023 |
| Coastal Maine Botanical GardensTo Support Organization | Boothbay, ME | $80K | 2023 |
| Maine Community Foundation BipocTo Support Organization | Portland, ME | $50K | 2023 |
| Maine College Of Art DesignTo Support Organization | Portland, ME | $50K | 2023 |
| Kennebec Estuary Land TrustTo Support Organization | Bath, ME | $37K | 2023 |
| Southern Maine Agency On AgingTo Support Organization | Falmouth, ME | $23K | 2023 |
| Maine Women'S Lobby Education FundTo Support Organization | Augusta, ME | $5K | 2023 |
| University Of Maine FoundationEngineering Education and Design Center Fund | Orono, ME | $200K | 2022 |
| Mscc Education FundEducation Fund | Augusta, ME | $75K | 2022 |
| Maine Community Foundation Bipoc FundTO SUPPORT ORGANIZATION | Portland, ME | $85K | 2020 |
| Maine Medical CenterRANDY DARBY SCHOLARSHIP FUND | Portland, ME | $30K | 2020 |
| Bowdoinham Community Development InitiativeTO SUPPORT ORGANIZATION | Bowdoinham, ME | $8K | 2020 |
| Bowdoinham Food PantryTO SUPPORT ORGANIZATION | Bowdoinham, ME | $1K | 2020 |