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Also known as: Development Foundation
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Franklin Savings Bank Community Development Foundation is a private corporation based in FARMINGTON, ME. The foundation received its IRS ruling in 2000. The principal officer is Franklin Savings Bank. It holds total assets of $4.2M. Annual income is reported at $667K. Total assets have grown from $2.4M in 2011 to $3.9M in 2023. The foundation is governed by 9 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2020 to 2023. Grantmaking is concentrated in Maine. According to available records, Franklin Savings Bank Community Development Foundation has made 145 grants totaling $537K, with a median grant of $3K. Annual giving has decreased from $299K in 2020 to $238K in 2022. Individual grants have ranged from N/A to $50K, with an average award of $4K. The foundation has supported 111 unique organizations. The foundation primarily supports organizations in Maine, Massachusetts, New Hampshire, which account for 98% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
N/A
Median Grant
$3K
Average Grant
$5K
Largest Grant
$50K
Based on 66 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.
Franklin Savings Bank Community Development Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 145 grants. Its grantmaking reaches organizations primarily in ME, MA, NH.
Franklin Savings Bank Community Development Foundation has distributed a total of $537K across 145 grants. The median grant size is $3K, with an average of $4K. Individual grants have ranged from N/A to $50K.
The application deadline is The Foundation does not list or mandate definitive deadlines for donation applications.. The Foundation only considers requests that benefit the communities of the Foundation's local business area. The Foundation favors requests that target economic development; that help low income communities; or that assist with job retention and training. The Foundation will not assist individuals raising money for trips, personal crisis, or medical problems; additionally, the Foundation will not assist individuals seeking pledges for charity walks or runs, though it may provide corporate sponsorships to qualifying events. The Foundation provides support for scholarship programs directly with qualifying schools in its operating region, and therefore does not contribute to other personal or individual scholarship fund-raising efforts. An application form is available on the foundation's website.
Franklin Savings Bank Community Development Foundation is headquartered in FARMINGTON, ME. While based in ME, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bradford S Adley | Director | $0 | $0 | N/A |
| Robert L Berry Iii | Director | $0 | $0 | N/A |
| James L Eastlack | Director | $0 | $0 | N/A |
| Richard H Smith | Director | $0 | $0 | N/A |
| James M Witt Iv | Director | $0 | $0 | N/A |
| Peter L Judkins | Chairperson | $0 | $0 | N/A |
| Timothy J Thompson | President | $0 | $0 | N/A |
| Pamala J Dixon | Treasurer and Secretary | $0 | $0 | N/A |
| Dylan Smith | Assistant Treasurer | $0 | $0 | N/A |
Total Giving
$492K
Total Assets
$3.9M
Fair Market Value
$3.9M
Net Worth
$3.9M
Grants Paid
$488K
Contributions
$503K
Net Investment Income
$121K
Distribution Amount
$183K
Total Grants
145
Total Giving
$537K
Average Grant
$4K
Median Grant
$3K
Unique Recipients
111
Most Common Grant
$3K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Main Street SkowheganGeneral Operating Support | Skowhegan, ME | $29K | 2022 |
| The Lifeflight FoundationGeneral Operating Support | Camden, ME | $10K | 2022 |
| Greater Franklin Development CouncilGeneral Operating Support | Farmington, ME | $10K | 2022 |
| Heart Of EllsworthGeneral Operating Support | Ellsworth, ME | $10K | 2022 |
| High Peaks AllianceGeneral Operating Support | Farmington, ME | $10K | 2022 |
| Mt Blue High SchoolGeneral Support, Scholarships, Robotics Team | Farmington, ME | $7K | 2022 |
| Franklin Ski & Outing Club2022 Free Ski Night | West Farmington, ME | $7K | 2022 |
| Curtain Up Enterprises IncLakewood Theater | Skowhegan, ME | $6K | 2022 |
| Rangeley Lakes Regional SchoolGeneral Operating Support | Rangeley, ME | $6K | 2022 |
| Ellsworth High SchoolScholarship Funds | Ellsworth, ME | $6K | 2022 |
| Kennebec Valley Community Action ProgramGeneral Operating Support | Waterville, ME | $5K | 2022 |
| Pine Tree Society For Handicapped Children & Adults IncGeneral Operating Support | Bath, ME | $5K | 2022 |
| Carrabassett Valley AcademyGeneral Operating Support | Carrabassett Valley, ME | $5K | 2022 |
| United Way Of The Tri-Valley AreaGeneral Operating Support | Farmington, ME | $5K | 2022 |
| Susan L Curtis Charitable FoundationGeneral Operating Support | Portland, ME | $5K | 2022 |
| Safe VoicesGeneral Operating Support | Auburn, ME | $5K | 2022 |
| Farmington Historical Society IncGeneral Operating Support | Farmington, ME | $4K | 2022 |
| Foster Cte CenterFoster Technical & Career Center | Farmington, ME | $4K | 2022 |
| Mt Abram High SchoolGeneral Support and Scholarships | Strong, ME | $3K | 2022 |
| Dirigo High SchoolGeneral Operating Support | Winslow, ME | $3K | 2022 |
| New England Mountain Bike Association (Nemba)Central Maine NEMBA Chapter | Acton, MA | $3K | 2022 |
| Hancock Technical CenterGeneral Support and Scholarships | Ellsworth, ME | $3K | 2022 |
| Region 9 School Of Applied TechnologyGeneral Operating Support | Mexico, ME | $3K | 2022 |
| Madison Area Memorial High SchoolGeneral Operating Support | Madison, ME | $3K | 2022 |
| Carrabec High SchoolGeneral Operating Support | North Anson, ME | $3K | 2022 |
| Mountain Valley High SchoolGeneral Operating Support | Rumford, ME | $3K | 2022 |
| Skowhegan Area High SchoolGeneral Operating Support | Skowhegan, ME | $3K | 2022 |
| Somerset Career & Technical CenterGeneral Operating Support | Skowhegan, ME | $3K | 2022 |
| Maine Cancer FoundationGeneral Operating Support | Falmouth, ME | $3K | 2022 |
| Spruce Mountain High SchoolGeneral Operating Support | Jay, ME | $3K | 2022 |
| Telstar Regional High SchoolGeneral Operating Support | Bethel, ME | $3K | 2022 |
| Dempsey Centers For Quality Cancer CareGeneral Operating Support | Lewiston, ME | $3K | 2022 |
| Sandy River PlayersGeneral Operating Support | Farmington, ME | $3K | 2022 |
| Msad 59Food Pantry | Madison, ME | $3K | 2022 |
| Rsu 10Food Pantry | Rumford, ME | $3K | 2022 |
| Rsu 56Funding for Summer Food Programs | Dixfield, ME | $3K | 2022 |
| Rsu 73Food Pantry | Livermore Falls, ME | $3K | 2022 |
| Rsu 74Food Pantry | North Anson, ME | $3K | 2022 |
| Sugarloaf Region Charitable TrustGeneral Operating Support | Carrabassett Valley, ME | $3K | 2022 |
| The Arts Institute Of Western MaineGeneral Operating Support | Farmington, ME | $3K | 2022 |
| Wg Mallet SchoolMallett School Food Pantry | Farmington, ME | $3K | 2022 |
| Fayette Baptist ChurchGeneral Operating Support | Fayette, ME | $3K | 2022 |
| Maine Appalachian Trail ClubGeneral Operating Support | Portland, ME | $3K | 2022 |
| Msad 54Food Pantry | Skowhegan, ME | $3K | 2022 |
| Msad 44Food Pantry | Bethel, ME | $3K | 2022 |
| Msad 58Food Pantry | Phillips, ME | $3K | 2022 |
| 30 Mile River Watershed AssociationGeneral Operating Support | Mount Vernon, ME | $2K | 2022 |
| Volunteers Of America Northern New EnglandGeneral Operating Support | Brunswick, ME | $2K | 2022 |
| Mahoosuc Land Trust IncGeneral Operating Support | Bethel, ME | $2K | 2022 |
| Albiston Foundation2022 Wheel Together Retreat | Carrabassett Valley, ME | $2K | 2022 |