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Gerald Oday Trust Fbo Penobscot is a private trust based in BANGOR, ME. The foundation received its IRS ruling in 2011. The principal officer is Bangor Savings Bank Succ Ttee. It holds total assets of $216K. Annual income is reported at $28K. 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 2020 to 2023. According to available records, Gerald Oday Trust Fbo Penobscot has made 3 grants totaling $48K, with a median grant of $14K. Annual giving has grown from $14K in 2020 to $21K in 2023. Individual grants have ranged from $13K to $21K, with an average award of $16K. 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.
Gerald Oday Trust Fbo Penobscot 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.
Gerald Oday Trust Fbo Penobscot has distributed a total of $48K across 3 grants. The median grant size is $14K, with an average of $16K. Individual grants have ranged from $13K to $21K.
Gerald Oday Trust Fbo Penobscot typically selects its grantees rather than accepting unsolicited proposals.
Gerald Oday Trust Fbo Penobscot is headquartered in BANGOR, ME.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bangor Savings Bank | Trustee | $1K | $0 | $1K |
Total Giving
$23K
Total Assets
$222K
Fair Market Value
$311K
Net Worth
$222K
Grants Paid
$21K
Contributions
N/A
Net Investment Income
$14K
Distribution Amount
$15K
Total: $215K
Total Grants
3
Total Giving
$48K
Average Grant
$16K
Median Grant
$14K
Unique Recipients
1
Most Common Grant
$14K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Penobscot Foundation Development ServiceCHARITABLE | Bangor, ME | $21K | 2023 |