PORTLAND, ME
John T Gorman Foundation
Quick Facts
- EIN
- 010498551
- Location
- PORTLAND, ME
- Category
- Philanthropy & Grantmaking
- Total Assets
- $223.5M
- Annual Income
- $70M
- IRS Ruling Year
- 1995
- Organization Type
- Corporation
- Principal Officer
- % Northern Trust Co Ttee
- Tax Deductibility
- Contributions are deductible
About This Foundation
John T Gorman Foundation is a private corporation based in PORTLAND, ME. The foundation received its IRS ruling in 1995. The principal officer is % Northern Trust Co Ttee. It holds total assets of $223.5M. Annual income is reported at $70M. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$11.6M
2023-3%
Total Assets
$214.1M
2023+5%
Fair Market Value
$214.1M
2023
Net Worth
$212M
2023
Grants Paid
$8.5M
2023
Contributions
$0
2023
Net Investment Income
$10.7M
2023
Distribution Amount
$10M
2023
Total Giving by Year
$7.8M
11$8M
12$9.3M
13$9.5M
14$9.7M
15$10.2M
19$10.8M
20$11.1M
21$11.9M
22$11.6M
23Asset Growth
$178.5M
11$179.7M
12$199.7M
13$196.4M
14$179.4M
15$199.7M
19$221.5M
20$247.6M
21$204M
22$214.1M
23Investment Portfolio (2023)
Total: $106M
Corporate Stock: $84.9M
Government Obligations: $21.1M
Other Investments: $97.8M
Cash: $539K
Corporate Stock (42%)
Government Obligations (10%)
Other Investments (48%)
Cash (0%)
Expense Breakdown (2023)
Grants Paid$8.5M
Officer Compensation$709K
Pension & Benefits$222K
Occupancy$186K
Depreciation$67K
Travel & Conferences$52K
Accounting Fees$39K
Revenue Sources (2023)
- Capital Gains (Net)
- $11.8M
- Interest
- $831K
- Dividends
- $690K
Financial Details (2023)
- Total Revenue
- $13.3M
- Total Expenses
- $11.6M
- Exempt Purpose Expenses
- $10.8M
- Required Distribution
- $10M
- Undistributed Income
- $9.5M
- Total Liabilities
- $2.2M
- Excise Tax
- $148K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
50
Total Giving
$7.3M
Average Grant
$146K
Median Grant
$93K
Grant Range
Min$25K
Max$678K
Median: $93K
Smallest grantLargest grant
Geographic Distribution of Grants
AK
ME
ME: $7M (47)
VT
NH
NH: $90K (1)
WA
ID
MT
ND
MN
WI
MI
NY
MA
CT
CT: $224K (1)
RI
OR
NV
WY
SD
IA
IL
IN
OH
PA
NJ
CA
UT
CO
NE
MO
KY
WV
VA
MD
DE
DC
DC: $25K (1)
AZ
NM
KS
AR
TN
NC
SC
OK
LA
MS
AL
GA
FL
HI
TX
ME$7M (47)
CT$224K (1)
NH$90K (1)
DC$25K (1)
Past Grantees
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Senator George J Mitchell Scholarship Research Institute$675,000 to support the Promise Scholar Program; $3,000 2022 Fall Gala | Portland, ME | $678K | 2022 |
| United Way Of Southern Mainef/b/o Thrive2027; Portland ConnectED; ALICE database; general support | Portland, ME | $650K | 2022 |
| Maine Medical Centerf/b/o Invest in Tomorrow Campaign; Women's Health Center; Barbara Bush Children's Hospital | Portland, ME | $630K | 2022 |
| Preble Street$500,000 for the Food Security Hub, $5,000 for general operating support | Portland, ME | $505K | 2022 |
| Mercy Hospitalf/b/o workforce racial equity; Family-Centered Education Model; general support | Portland, ME | $380K | 2022 |
| Sunrise County Economic CouncilTo support for Family Futures Downeast | Machias, ME | $360K | 2022 |
| Lewiston Auburn Metropolitan Chamber Of Commerce Foundation$100,000 general operations; $200,000 Strengthen LA initiative | Lewiston, ME | $300K | 2022 |
| Pine Tree Legal Assistance$250,000 Medical-Legal Lead Hazard Partnership; $5,000 Nan Heald Fund | Portland, ME | $255K | 2022 |
| Yale University - School Of Public HealthYale's Elevate Policy Lab for benefit of Bangor Housing Authority | New Haven, CT | $224K | 2022 |
| Bangor Housing Development Corporation$175,000 Families Forward; $46,000 MOMS Partnership program | Bangor, ME | $221K | 2022 |
| Boys And Girls Clubs Of Southern Maine$213,000 afterschool and summer programs; $1,200 to support videography of summer program | Portland, ME | $214K | 2022 |
| Mainehealth$200,000 Supporting Families Growing Together Initiative; $5,000 Maine Behavioral Healthcare | Portland, ME | $205K | 2022 |
| Avesta Housing Development Corporationf/b/o Silver Hearth Fund; Maine Affordable Housing Coalition; asylum seeking families | Portland, ME | $203K | 2022 |
| Portland Housing Authority$134,000 Youth Stability and Asset Building; $64,000 programming for youth exiting foster care | Portland, ME | $198K | 2022 |
| Lewiston-Auburn Area Housing Development CorporationTo provide support for the Hillview YMCA Drop In and Family Engagement Program | Lewiston, ME | $156K | 2022 |
| Coastal Enterprises IncTo support the Lewiston-based Child Care Business Lab | Brunswick, ME | $150K | 2022 |
| Maine Cancer FoundationTo support the John T. Gorman Cancer Fund | Falmouth, ME | $150K | 2022 |
| Portland Adult EducationTo increase literacy for families who are low-level English Language Learners | Portland, ME | $140K | 2022 |
| University Of Maine School Of Law FoundationTo support the Juvenile Justice Reform Project | Portland, ME | $125K | 2022 |
| City Of LewistonTo provide additional staff support to the Assistant Director of Economic & Community Development | Lewiston, ME | $110K | 2022 |
| University Of Maine SystemTo support the financial education and asset building work of the CA$H Maine coalition | Orono, ME | $100K | 2022 |
| Tree Street YouthTo provide general operating support | Lewiston, ME | $100K | 2022 |
| South Portland Adult EducationTo provide English Language Learning classes to asylum-seeking resident families | South Portland, ME | $100K | 2022 |
| Maine Community Integration$26,400 Lewiston Youth Journalism Project; $71,000 for general operating support | Lewiston, ME | $97K | 2022 |
| Healthy Acadia$20,000 Downeast Gleaning Initiative; $75,000 Safe Harbor Recovery Home for Women and Children | Ellsworth, ME | $95K | 2022 |
| University System Of New HampshireTo support the Carsey School of Public Policy | Concord, NH | $90K | 2022 |
| ProsperitymeTo support the Womens Small Business Empowerment Project | Portland, ME | $85K | 2022 |
| Immigrant Legal Advocacy ProjectTo provide general operating support | Portland, ME | $75K | 2022 |
| Scarborough Police DepartmentIn support of Students Empowered to End Dependency's Voices of Hope program | Scarborough, ME | $50K | 2022 |
| Sexual Assault Response Services Of Southern MaineTo provide general operating support for SARSSM's Children's Advocacy Center of York County | Portland, ME | $50K | 2022 |
| Restorative Justice Institute Of MaineTo provide general operating support | Portland, ME | $50K | 2022 |
| Maine Children'S AllianceTo support the Maine Child Welfare Action Network | Augusta, ME | $50K | 2022 |
| Friends Of Katahdin Woods And WatersTo provide general operating support | Portland, ME | $45K | 2022 |
| Thomas CollegeTo support the Leadership Learning Exchange for Equity program | Waterville, ME | $40K | 2022 |
| Maine Department Of LaborTo provide technical assistance to the Maine Department of Labor and the Maine State Workforce Board | Augusta, ME | $32K | 2022 |
| Volunteers Of America Of Northern New England$25,000 Community Coordinator position; $5,000 Cabin in the Woods program | Brunswick, ME | $30K | 2022 |
| Day OneTo bring a youth-centered substance use and mental health program to Lewiston | South Portland, ME | $25K | 2022 |
| Council For A Strong AmericaTo support CSA's work co-leading the Right From The Start Coalition | Washington, DC | $25K | 2022 |
| Community Health And Counseling ServicesMonitoring units and alarmed medication dispensers for Mainers with chronic health needs | Bangor, ME | $25K | 2022 |
| Milestone RecoveryTo provide general operating support | Portland, ME | $25K | 2022 |
| Penobscot Community Health CareTo support a program that covers critical items and services for patients of 17 health care organizations | Bangor, ME | $25K | 2022 |
| The Root CellarTo support Mainely Teeth's work to provide dental care | Portland, ME | $25K | 2022 |
| Mcd Global Healthhealth Lincoln CountyTo support the work of the Food Security Community Connector | Damariscotta, ME | $25K | 2022 |
| Mabel Wadsworth Women'S Health CenterTo provide essential health care to low income Mainers to address their physical and mental health | Bangor, ME | $25K | 2022 |
| St Joseph HospitalTo improve food security in adults with chronic disease who are patients at St. Joseph Hospital | Bangor, ME | $25K | 2022 |
| Mainegeneral Medical CenterTo support the basic needs of Addiction Medicine Practice's patients | Augusta, ME | $25K | 2022 |
| Maine Association For The Education Of Young ChildrenTo support Maine AEYC's work co-leading the Right From The Start Coalition | Augusta, ME | $25K | 2022 |
| Mainehealth Care At HomeTo provide telehealth equipment to homebound and ill older Mainers | Saco, ME | $25K | 2022 |
| Safe VoicesTo provide general operating support | Auburn, ME | $25K | 2022 |
| Family Violence ProjectTo support the Emergency Stabilization Program | Augusta, ME | $25K | 2022 |
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
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