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Also known as: KENNEBEC SAVINGS BANK TRUSTEE
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Bracy Memorial Trust Fund is a private trust based in AUGUSTA, ME. The foundation received its IRS ruling in 2009. The principal officer is Kennebac Savings Bk. It holds total assets of $676K. Annual income is reported at $309K. The foundation is governed by 1 officer or trustee. 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 2016 to 2023. Grantmaking is concentrated in Maine. According to available records, Bracy Memorial Trust Fund has made 69 grants totaling $135K, with a median grant of $2K. The foundation has distributed between $42K and $48K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $48K distributed across 25 grants. Individual grants have ranged from $500 to $5K, with an average award of $2K. The foundation has supported 36 unique organizations. Grants have been distributed to organizations in Maine and New York and Vermont. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$1K
Average Grant
$2K
Largest Grant
$5K
Based on 22 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.
Bracy Memorial Trust Fund primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 69 grants. Its grantmaking reaches organizations primarily in ME, NY, VT.
Bracy Memorial Trust Fund has distributed a total of $135K across 69 grants. The median grant size is $2K, with an average of $2K. Individual grants have ranged from $500 to $5K.
Bracy Memorial Trust Fund typically selects its grantees rather than accepting unsolicited proposals. The application deadline is MAY 1. Award scholarships each year to one or more graduating students from a high school in central maine who wishes to pursue the study of music at the college level.
Bracy Memorial Trust Fund is headquartered in AUGUSTA, ME. While based in ME, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kennebec Savings Bank | TRUSTEE | $6K | $0 | $6K |
Total Giving
$53K
Total Assets
$686K
Fair Market Value
$960K
Net Worth
$686K
Grants Paid
$45K
Contributions
N/A
Net Investment Income
$55K
Distribution Amount
$44K
Total Grants
69
Total Giving
$135K
Average Grant
$2K
Median Grant
$2K
Unique Recipients
36
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Children'S CenterGENERAL FINANCIAL SUPPORT | Augusta, ME | $500 | 2023 |
| 6 Scholarships Awarded To QualifiedSCHOLARSHIPS | Augusta, ME | $5K | 2023 |
| First Congregational Church Of North BerwickGENERAL FINANCIAL SUPPORT | North Berwick, ME | $5K | 2023 |
| Readfield United Methodist ChurchGENERAL FINANCIAL SUPPORT | Augusta, ME | $5K | 2023 |
| Readfield Union Meeting HouseGENERAL FINANCIAL SUPPORT | Augusta, ME | $5K | 2023 |
| Maine-Dartmouth Family Medicine ResidencyGENERAL FINANCIAL SUPPORT | Augusta, ME | $3K | 2023 |
| Family Violence ProjectGENERAL FINANCIAL SUPPORT | Augusta, ME | $3K | 2023 |
| Northern Light Inland Hospital FoundationGENERAL FINANCIAL SUPPORT | Augusta, ME | $3K | 2023 |
| Spectrum GenerationsGENERAL FINANCIAL SUPPORT | Augusta, ME | $3K | 2023 |
| Mainegeneral HealthGENERAL FINANCIAL SUPPORT | Augusta, ME | $3K | 2023 |
| Humane Society Waterville AreaGENERAL FINANCIAL SUPPORT | Waterville, ME | $2K | 2023 |
| Kennebec Valley Humane SocietyGENERAL FINANCIAL SUPPORT | Augusta, ME | $2K | 2023 |
| Protectors Of Animal Life Society ImaGENERAL FINANCIAL SUPPORT | Augusta, ME | $2K | 2023 |
| Alzheimer'S Care CenterGENERAL FINANCIAL SUPPORT | Gardiner, ME | $1K | 2023 |
| Kennebec Valley YmcaGENERAL FINANCIAL SUPPORT | Augusta, ME | $1K | 2023 |
| Kennebec Behavioral HealthGENERAL FINANCIAL SUPPORT | Waterville, ME | $1K | 2023 |
| Johnson Hall Performing Arts CenterGENERAL FINANCIAL SUPPORT | Gardiner, ME | $1K | 2023 |
| Augusta Colonial TheaterGENERAL FINANCIAL SUPPORT | Augusta, ME | $1K | 2023 |
| Literacy Volunteers Of KennebecGENERAL FINANCIAL SUPPORT | Augusta, ME | $1K | 2023 |
| Friends Of Lithgow LibraryGENERAL FINANCIAL SUPPORT | Augusta, ME | $600 | 2023 |
| Waterville Public LibraryGENERAL FINANCIAL SUPPORT | Waterville, ME | $500 | 2023 |
| Maine Children'S TrustGENERAL FINANCIAL SUPPORT | Augusta, ME | $500 | 2023 |
| Maine Congregational Church N BerwickGENERAL CHARITABLE PURPOSES | North Berwick, ME | $5K | 2022 |
| Readfield Meeting House Co IncGENERAL CHARITABLE PURPOSES | Readfield, ME | $5K | 2022 |
| Maine General HealthGENERAL CHARITABLE PURPOSES | Augusta, ME | $3K | 2022 |
| Protectors Of Animal Life SocietyGENERAL CHARITABLE PURPOSES | Winthrop, ME | $2K | 2022 |
| University Of Southern MaineSCHOLARSHIPS | Portland, ME | $1K | 2022 |
| University Of RochesterSCHOLARSHIPS | Rochester, NY | $1K | 2022 |
| Champlain CollegeSCHOLARSHIPS | Burlington, VT | $1K | 2022 |
| University Of Maine At OronoSCHOLARSHIPS | Orono, ME | $1K | 2022 |
| Maine Children'S Trust IncGENERAL CHARITABLE PURPOSES | Augusta, ME | $1K | 2022 |
| Alzheimers Care CenterGENERAL CHARITABLE PURPOSES | Gardiner, ME | $1K | 2022 |
| Friends Of Lithgow Library IncGENERAL CHARITABLE PURPOSES | Augusta, ME | $700 | 2022 |