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Bangor Savings Bank Foundation is a private corporation based in BANGOR, ME. The foundation received its IRS ruling in 1997. The principal officer is Ken Colpritt. It holds total assets of $7M. Annual income is reported at $2.6M. Total assets have grown from $3.3M in 2011 to $7.3M in 2023. The foundation is governed by 13 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2021 to 2024. The foundation primarily funds organizations in Maine and New Hampshire. According to available records, Bangor Savings Bank Foundation has made 617 grants totaling $5.2M, with a median grant of $5K. Annual giving has decreased from $2.6M in 2022 to $1.2M in 2024. Individual grants have ranged from $1K to $100K, with an average award of $8K. The foundation has supported 368 unique organizations. The foundation primarily supports organizations in Maine, New Hampshire, Connecticut, which account for 99% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$5K
Average Grant
$9K
Largest Grant
$100K
Based on 154 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.
Bangor Savings Bank Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 617 grants. Its grantmaking reaches organizations primarily in ME, NH, CT.
Bangor Savings Bank Foundation has distributed a total of $5.2M across 617 grants. The median grant size is $5K, with an average of $8K. Individual grants have ranged from $1K to $100K.
The application deadline is Applications for due by January 1, April 1, July 1, or October 1 to be valid for consideration.. Awards, grants, and donations are designed to promote education, health & wellness, cultural awareness and the arts, and to support organizations that contribute to the quality of life in the communities where Bangor Savings Bank operates. An application form is available on the foundation's website.
Bangor Savings Bank Foundation is headquartered in BANGOR, ME. While based in ME, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Wendy Durrah | VP/Secretary/Clerk | $0 | $0 | N/A |
| Vincent P Veroneau | Vice Chair | $0 | $0 | N/A |
| Sari S Greene | Director | $0 | $0 | N/A |
| Michael O'Connor | Treasurer | $0 | $0 | N/A |
| Kathryn L Barber | Director | $0 | $0 | N/A |
| Joyce Clark Sarnacki | Director | $0 | $0 | N/A |
| George F Eaton Ii Esq | Director | $0 | $0 | N/A |
| Gena R Canning | Chair | $0 | $0 | N/A |
| Scott A Oxley | Director | $0 | $0 | N/A |
| William D Purington | Director (end FY 2024) | $0 | $0 | N/A |
| Laurie G Lachance | Director | $0 | $0 | N/A |
| Robert S Montgomery-Rice | President | $0 | $0 | N/A |
| Susan C Hammond | Director | $0 | $0 | N/A |
Total Giving
$1.3M
Total Assets
$7.3M
Fair Market Value
$9.9M
Net Worth
$7.3M
Grants Paid
$1.2M
Contributions
$575K
Net Investment Income
$305K
Distribution Amount
$459K
Total: $6.2M
Total Grants
617
Total Giving
$5.2M
Average Grant
$8K
Median Grant
$5K
Unique Recipients
368
Most Common Grant
$5K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Community CareGeneral operating support | Bangor, ME | $10K | 2024 |
| Stepping StonesGeneral operating support | Nashua, NH | $8K | 2024 |
| Thompson Free LibraryGeneral operating support | Doverfoxcroft, ME | $6K | 2024 |
| Husson UniversityGeneral operating support | Bangor, ME | $100K | 2024 |
| MainehealthGeneral operating support | Portland, ME | $50K | 2024 |
| Lifeflight FoundationGeneral operating support | Camden, ME | $50K | 2024 |
| Friends Of Katahdin Woods And WatersGeneral operating support | Portland, ME | $50K | 2024 |
| The Foundation For Maine Community CollegesGeneral operating support | South Portland, ME | $50K | 2024 |
| Maine Public Broadcasting CorporationGeneral operating support | Lewiston, ME | $50K | 2024 |
| Bangor Region YmcaGeneral operating support | Bangor, ME | $50K | 2024 |
| Heart Of Maine United WayGeneral operating support | Bangor, ME | $42K | 2024 |
| Acadia Hospital CorpGeneral operating support | Bangor, ME | $40K | 2024 |
| Maine General HealthGeneral operating support | Waterville, ME | $25K | 2024 |
| Good Shepherd Food BankGeneral operating support | Auburn, ME | $25K | 2024 |
| United Way Of Southern MaineGeneral operating support | Portland, ME | $18K | 2024 |
| River City AthleticsGeneral operating support | Bangor, ME | $13K | 2024 |
| Trinity Jubilee CenterGeneral operating support | Lewiston, ME | $13K | 2024 |
| Coast Guard FoundationGeneral operating support | Stonington, CT | $13K | 2024 |
| Raye'S Mustard Mill MuseumGeneral operating support | Eastport, ME | $13K | 2024 |
| Opportunity Housing Inc (Ohi)General operating support | Bangor, ME | $13K | 2024 |
| Dempsey Centers For Quality Cancer CareGeneral operating support | Auburn, ME | $12K | 2024 |
| Lincoln County TelevisionGeneral operating support | Newcastle, ME | $10K | 2024 |
| Piscataquis Regional Food CenterGeneral operating support | Doverfoxcroft, ME | $10K | 2024 |
| Christine B FoundationGeneral operating support | Bangor, ME | $10K | 2024 |
| Partners For PeaceGeneral operating support | Bangor, ME | $10K | 2024 |
| Fair Tide IncGeneral operating support | Kittery, ME | $10K | 2024 |
| Maine Immigrants Rights CoalitionGeneral operating support | Portland, ME | $10K | 2024 |
| Junior Achievement Of MaineGeneral operating support | Portland, ME | $10K | 2024 |
| Island InstituteGeneral operating support | Rockland, ME | $10K | 2024 |
| Androscoggin Home Health Services IncGeneral operating support | Lewiston, ME | $8K | 2024 |
| Black Heritage Trail Of New Hampshire IncGeneral operating support | Portsmouth, NH | $8K | 2024 |
| Kennebec Valley Community Action ProgramGeneral operating support | Waterville, ME | $8K | 2024 |
| The Center For Entrepreneurial StudiesGeneral operating support | Farmington, ME | $8K | 2024 |
| In Her PresenceGeneral operating support | Westbrook, ME | $8K | 2024 |
| Alzheimer'S Disease And Related Disorders Association IncGeneral operating support | Scarborough, ME | $8K | 2024 |
| Finding Our VoicesGeneral operating support | Camden, ME | $8K | 2024 |
| Heart Of Maine Resource CenterGeneral operating support | Dexter, ME | $8K | 2024 |
| Foundation For Portland Public SchoolsGeneral operating support | Portland, ME | $8K | 2024 |
| Camp CapellaGeneral operating support | Holden, ME | $8K | 2024 |
| Eastern Area Agency On AgingGeneral operating support | Brewer, ME | $7K | 2024 |
| Blue Ocean Society For Maine ConservationGeneral operating support | Portsmouth, NH | $7K | 2024 |
| Veggies To TableGeneral operating support | Newcastle, ME | $6K | 2024 |
| United Way Of Kennebec ValleyGeneral operating support | Augusta, ME | $6K | 2024 |
| Maine Museum Of Inn Learning And LaborGeneral operating support | Lewiston, ME | $6K | 2024 |
| Maine NeedsGeneral operating support | Portland, ME | $6K | 2024 |
| Concord Community Music SchoolGeneral operating support | Concord, NH | $6K | 2024 |
| Harbor Homes IncGeneral operating support | Nashua, NH | $6K | 2024 |
| Boots2rootsGeneral operating support | Portland, ME | $6K | 2024 |
| Community Health Integrated Partnership Inc Dba Chip IncGeneral operating support | Newcastle, ME | $6K | 2024 |
| Bar Harbor Historical SocietyGeneral operating support | Bar Harbor, ME | $6K | 2024 |