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Bank Of Maine Charitable Foundation is a private corporation based in CAMDEN, ME. The foundation received its IRS ruling in 1990. It holds total assets of $233K. Annual income is reported at $545. Total assets have decreased from $1.5M in 2011 to $259K in 2023. The foundation is governed by 3 officers and trustees. Provides community enhancement grants to approximately 250 communities within the state of Maine focusing on education, social services, and the environment. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2023. Grantmaking is concentrated in Maine. According to available records, Bank Of Maine Charitable Foundation has made 29 grants totaling $125K, with a median grant of $5K. Annual giving has decreased from $56K in 2020 to $35K in 2023. Individual grants have ranged from $1K to $10K, with an average award of $4K. The foundation has supported 22 unique organizations. Grant recipients are concentrated in Maine. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$5K
Average Grant
$5K
Largest Grant
$10K
Based on 12 grants from the most recent 990-PF filing.
Provides community enhancement grants to approximately 250 communities within the state of Maine focusing on education, social services, and the environment.
Expenses: $56K
Provides community enhancement grants to approximately 250 communities within the state of Maine focusing on education, social services, and the environment. Based on available records, the foundation has funded 29 grants. Its grantmaking reaches organizations primarily in ME.
Bank Of Maine Charitable Foundation has distributed a total of $125K across 29 grants. The median grant size is $5K, with an average of $4K. Individual grants have ranged from $1K to $10K.
Bank Of Maine Charitable Foundation typically selects its grantees rather than accepting unsolicited proposals.
Bank Of Maine Charitable Foundation is headquartered in CAMDEN, ME.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Renee Smyth | President | $0 | $0 | N/A |
| Gregory Dufour | Board Member | $0 | $0 | N/A |
| Joanne Campbell | Treasurer | $0 | $0 | N/A |
Total Giving
$42K
Total Assets
$259K
Fair Market Value
$259K
Net Worth
$259K
Grants Paid
$35K
Contributions
N/A
Net Investment Income
$349
Distribution Amount
$14K
Total Grants
29
Total Giving
$125K
Average Grant
$4K
Median Grant
$5K
Unique Recipients
22
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Boys & Girls Club Of Kennebec ValleyCapital Campaign - 3rd/final payment | Gardiner, ME | $5K | 2023 |
| Hearty RootsLeaders & Luminaries Award | Bristo, ME | $5K | 2023 |
| Percival P Baxter Foundation For Maine'S Deaf And Hard Of Hearing ChildrenLeaders & Luminaries Award | Falmouth, ME | $5K | 2023 |
| Childrens Discovery MuseumLeaders & Luminaries Award | Waterville, ME | $5K | 2023 |
| Institute For Family-Owned BusinessLeaders & Luminaries Award | Portland, ME | $5K | 2023 |
| Gardiner Main StreetSponsor: Stein & Swine fundraiser | Gardiner, ME | $4K | 2023 |
| Kennebec Valley YmcaSponsor: 2023 Strong Kids Campaign & Auction | Augusta, ME | $3K | 2023 |
| New Hope MidcoastLeaders & Luminaries Spotlight Award | Rockland, ME | $2K | 2023 |
| Good Will HinkleyChange Drive to Change Lives fundraiser | Hinckley, ME | $2K | 2023 |
| Unity Barn RaisersLeaders & Luminaries Award | Unity, ME | $5K | 2022 |
| Dempsey Center For Quality CareLeaders & Luminaries Award | Auburn, ME | $5K | 2022 |
| Peabody Memorial LibraryLeaders & Luminaries Award | Jonesport, ME | $5K | 2022 |
| Maine Association Of NonprofitsAnnual Membership & Lead Sponsor for 2022 Board Roles & Responsibilities program | Portland, ME | $5K | 2022 |
| Portland Community SquashLeaders & Luminaries Award | Portland, ME | $5K | 2022 |
| City Of Gardinergardiner RotaryRestoration of historical community park fountain | Gardiner, ME | $2K | 2022 |
| Portland Public LibrarySponsorship - Exhibition; Part of a multi-year donation | Portland, ME | $10K | 2020 |
| Community CompassLeaders & Luminaries Award | Blue Hill, ME | $5K | 2020 |
| Pejepscot History CenterLeaders & Luminaries Award | Brunswick, ME | $5K | 2020 |
| The Iris NetworkLeaders & Luminaries Award | Portland, ME | $5K | 2020 |
| Classical UprisingLeaders & Luminaries Award | Portland, ME | $5K | 2020 |
| Kennebec Behavioral HealthHomeless Youth Outreach Program | Waterville, ME | $4K | 2020 |
| Medical Care Development IncLeaders & Luminaries Award | Augusta, ME | $2K | 2020 |