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Genest Trust Fbo is a private corporation based in PORTLAND, ME. The foundation received its IRS ruling in 2009. The principal officer is Hm Payson & Co Ttee. It holds total assets of $260K. Annual income is reported at $138K. Total assets have grown from $191K in 2011 to $233K in 2023. 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. According to available records, Genest Trust Fbo has made 3 grants totaling $39K, with a median grant of $13K. Annual giving has grown from $11K in 2020 to $13K in 2023. Grantmaking activity was highest in 2022 with $15K distributed across 1 grants. Individual grants have ranged from $11K to $15K, with an average award of $13K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Maine. Contributions to this foundation are tax-deductible.
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.
Genest Trust Fbo primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in ME.
Genest Trust Fbo has distributed a total of $39K across 3 grants. The median grant size is $13K, with an average of $13K. Individual grants have ranged from $11K to $15K.
Genest Trust Fbo typically selects its grantees rather than accepting unsolicited proposals.
Genest Trust Fbo is headquartered in PORTLAND, ME.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Hm Payson Co | TRUSTE | $272 | $0 | $272 |
Total Giving
$14K
Total Assets
$233K
Fair Market Value
$307K
Net Worth
$233K
Grants Paid
$13K
Contributions
N/A
Net Investment Income
$9K
Distribution Amount
$14K
Total: $43K
Total Grants
3
Total Giving
$39K
Average Grant
$13K
Median Grant
$13K
Unique Recipients
2
Most Common Grant
$11K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Waypoint Maine IncPROGRAMS FOR | Sanford, ME | $13K | 2023 |
| Waban Projects IncPROGRAMS FOR | Sanford, ME | $15K | 2022 |