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Also known as: C/O Spinnaker Trust
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Casco Foundation is a private corporation based in PORTLAND, ME. The foundation received its IRS ruling in 2014. The principal officer is Spinnaker Trust. It holds total assets of $758K. Annual income is reported at $577K. Total assets have grown from $341K in 2012 to $644K in 2023. The foundation is governed by 3 officers and trustees. 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, Casco Foundation has made 30 grants totaling $118K, with a median grant of $4K. The foundation has distributed between $35K and $45K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $45K distributed across 9 grants. Individual grants have ranged from $2K to $10K, with an average award of $4K. The foundation has supported 15 unique organizations. Grants have been distributed to organizations in Maine and Illinois and New Hampshire. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$3K
Average Grant
$3K
Largest Grant
$5K
Based on 12 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.
Casco Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 30 grants. Its grantmaking reaches organizations primarily in ME, IL, NH.
Casco Foundation has distributed a total of $118K across 30 grants. The median grant size is $4K, with an average of $4K. Individual grants have ranged from $2K to $10K.
Casco Foundation typically selects its grantees rather than accepting unsolicited proposals.
Casco Foundation is headquartered in PORTLAND, ME. While based in ME, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Sandra L Stone | DIRECTOR, PRESIDENT | $0 | $0 | N/A |
| Alexander W Knecht | DIRECTOR, TREASURER | $0 | $0 | N/A |
| Richard E Curran | DIRECTOR, SECRETARY | $0 | $0 | N/A |
Total Giving
$46K
Total Assets
$644K
Fair Market Value
$751K
Net Worth
$644K
Grants Paid
$39K
Contributions
$71K
Net Investment Income
$9K
Distribution Amount
$33K
Total: $531K
Total Grants
30
Total Giving
$118K
Average Grant
$4K
Median Grant
$4K
Unique Recipients
15
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Coastal Enterprises IncINROADS TO WHOLESALING & I.D.E.A. SPONSORSHIP | Brunswick, ME | $6K | 2023 |
| Greater Portland Immigrant Welcome CenterIENGLISH PROJECT & ENTREPRENEURSHIP PROGRAMMING | Portland, ME | $5K | 2023 |
| Maine Center For EntrepreneursTOP GUN PROGRAM | Portland, ME | $5K | 2023 |
| Maine Health Innovation CenterGENERAL SUPPORT | Portland, ME | $5K | 2023 |
| Thomas CollegeCENTRAL ME TOP GUN PROGRAM & SUSTAINABLE BUSINESS PROGRAM | Waterville, ME | $5K | 2023 |
| Upstart MaineMASTERMIND: 8-12 WOMEN FOUNDERS TECHNICAL RESOURCES & EXPENSES | Orono, ME | $4K | 2023 |
| Central Maine Community Betterment CollaborationGENERAL SUPPORT | Waterville, ME | $3K | 2023 |
| College Of The AtlanticSUSTAINABLE BUSINESS PROGRAM | Bar Harbor, ME | $3K | 2023 |
| University Of Maine FoundationFEMALE INAUGURAL INNOVATE ME ASPIRING ENTREPRENEUR FELLOWSHIP PROGRAM | Orono, ME | $3K | 2023 |
| Play For PeaceGENERAL SUPPORT | Chicago, IL | $10K | 2022 |
| Startup MaineNETWORKING EVENTS & SPEAKER SERIES | Portland, ME | $5K | 2022 |
| Four Directions Development CorpTribal business ventures and Native Entrepreneurship programs. | Orono, ME | $3K | 2020 |
| Foundation For A Strong Maine EconomyIn support of business innovation. | Augusta, ME | $3K | 2020 |
| New Hampshire Womens FoundationIn support of the Northern New England Women's Investment Network. | Concord, NH | $3K | 2020 |
| Unity CollegeSustainable Business Program | Unity, ME | $2K | 2020 |