//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Halvor E Prescott Trust Fund is a private trust based in BANGOR, ME. The foundation received its IRS ruling in 2020. The principal officer is Norstar Trust & Bangor Savings Ttee. It holds total assets of $121K. Annual income is reported at $21K. Total assets have decreased from $163K in 2011 to $121K 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 2020 to 2023. According to available records, Halvor E Prescott Trust Fund has made 4 grants totaling $40K, with a median grant of $10K. The foundation has distributed between $8K and $21K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $21K distributed across 2 grants. Individual grants have ranged from $8K to $11K, with an average award of $10K. 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.
Halvor E Prescott Trust Fund primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in ME.
Halvor E Prescott Trust Fund has distributed a total of $40K across 4 grants. The median grant size is $10K, with an average of $10K. Individual grants have ranged from $8K to $11K.
Halvor E Prescott Trust Fund typically selects its grantees rather than accepting unsolicited proposals.
Halvor E Prescott Trust Fund is headquartered in BANGOR, ME.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Peoples United Bank N A | TRUSTEE | $2K | $0 | $2K |
Total Giving
$13K
Total Assets
$121K
Fair Market Value
$183K
Net Worth
$121K
Grants Paid
$8K
Contributions
N/A
Net Investment Income
$2K
Distribution Amount
$8K
Total: $105K
Total Grants
4
Total Giving
$40K
Average Grant
$10K
Median Grant
$10K
Unique Recipients
2
Most Common Grant
$11K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Elm Stret Congregational ChurchGENERAL FUND | Bucksport, ME | $8K | 2023 |
| Elm Street Congregational ChurchGENERAL FUND | Bucksport, ME | $10K | 2020 |