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Also known as: ATTN ANDREW SILSBY
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Kennebec Savings Bank Foundation is a private corporation based in AUGUSTA, ME. The foundation received its IRS ruling in 1985. The principal officer is Andrew Silsby. It holds total assets of $16.8M. Annual income is reported at $5.5M. Total assets have grown from $2M in 2011 to $14.5M in 2023. The foundation is governed by 13 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Maine. According to available records, Kennebec Savings Bank Foundation has made 177 grants totaling $1.9M, with a median grant of $5K. Annual giving has grown from $558K in 2020 to $683K in 2023. Individual grants have ranged from $1K to $100K, with an average award of $11K. The foundation has supported 107 unique organizations. Grants have been distributed to organizations in Maine and Virginia and Massachusetts. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$8K
Average Grant
$14K
Largest Grant
$100K
Based on 39 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.
Kennebec Savings Bank Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 177 grants. Its grantmaking reaches organizations primarily in ME, VA, MA.
Kennebec Savings Bank Foundation has distributed a total of $1.9M across 177 grants. The median grant size is $5K, with an average of $11K. Individual grants have ranged from $1K to $100K.
Kennebec Savings Bank Foundation typically selects its grantees rather than accepting unsolicited proposals.
Kennebec Savings Bank Foundation is headquartered in AUGUSTA, ME. While based in ME, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Norman S Elvin | Director | $0 | $0 | N/A |
| Mark L Johnston | Director | $0 | $0 | N/A |
| Douglas E Reinhardt | Director | $0 | $0 | N/A |
| Debra A Getchell | Treasurer | $0 | $0 | N/A |
| Charles W Hays Jr | Director | $0 | $0 | N/A |
| Alison A Lorenz | Director | $0 | $0 | N/A |
| Diane F Hastings | Director | $0 | $0 | N/A |
| Mary A Dennison | Director | $0 | $0 | N/A |
| Amy P Tardiff | Director | $0 | $0 | N/A |
| Christopher L Gaunce | Director | $0 | $0 | N/A |
| William W Sprague Jr | Director | $0 | $0 | N/A |
| Andrew E Silsby | President/Clerk | $0 | $0 | N/A |
| Craig J Garofalo | Vice President | $0 | $0 | N/A |
Total Giving
$742K
Total Assets
$14.5M
Fair Market Value
$14.5M
Net Worth
$14.5M
Grants Paid
$683K
Contributions
N/A
Net Investment Income
$446K
Distribution Amount
$666K
Total: $14.1M
Total Grants
177
Total Giving
$1.9M
Average Grant
$11K
Median Grant
$5K
Unique Recipients
107
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Children'S CenterCatalyst Grant - Technology Upgrades | Augusta, ME | $5K | 2023 |
| Ymca Camp Of MaineCapital Improvements | Winthrop, ME | $50K | 2023 |
| Alfond Youth CenterIce Rink Capital Campaign | Waterville, ME | $50K | 2023 |
| Mainegeneral HealthAlfond Center for Cancer Care Expansion Project | Waterville, ME | $50K | 2023 |
| Kennebec Valley Humane SocietyRelocation Campaign | Augusta, ME | $50K | 2023 |
| United Way Of Kennebec ValleyUnrestricted Support | Augusta, ME | $47K | 2023 |
| Worromontogus Lake AssociationLake Mitigation Project | Augusta, ME | $30K | 2023 |
| Friends Of The Cobbossee WatershedBoat Purchase | East Winthrop, ME | $25K | 2023 |
| Winthrop Athletic Complex CommitteeTurf Field Capital Campaign | Winthrop, ME | $25K | 2023 |
| Uss AugustaCommissioning Ceremony Support | Readfield, ME | $25K | 2023 |
| Cyc Lake AssociationLake Mitigation Project | Manchester, ME | $20K | 2023 |
| Boys And Girls Club Augusta Teen CenterCatalyst Grant - Community Makers Project | Augusta, ME | $15K | 2023 |
| Waterville Area Soup KitchenCatalyst Grant - Kitchen Upgrades | Waterville, ME | $15K | 2023 |
| Mitchell InstituteCatalyst Grant - Student Support Fund | Portland, ME | $15K | 2023 |
| Snow Pond Center For The ArtsCatalyst Grant - Student Music Program | Sidney, ME | $10K | 2023 |
| Augusta Food BankAFB Marketplace Support | Augusta, ME | $10K | 2023 |
| Kennebec Valley Community College FoundationAthletic Facility Restoration Project | Fairfield, ME | $10K | 2023 |
| Maine GearshareCatalyst Grant - Equipment Support | Portland, ME | $10K | 2023 |
| Spectrum GenerationsCapital Improvements | Augusta, ME | $10K | 2023 |
| Maine Children'S HomeTeen Program Support | Waterville, ME | $8K | 2023 |
| First Amendment MuseumUnrestricted Support | Augusta, ME | $8K | 2023 |
| Kennebec Valley YmcaSummer Camp Scholarship Fund | Augusta, ME | $7K | 2023 |
| Island InstituteLift All Boats Project | Rockland, ME | $5K | 2023 |
| Maine Center For Public Interest ReportingUnrestricted Support | Hallowell, ME | $5K | 2023 |
| Chrysalis PlaceVehicle Purchase | Gardiner, ME | $5K | 2023 |
| Bearnstow Co Margery LieberCamp Restoration Project | Arlington, VA | $5K | 2023 |
| Maine Skateboard AssociationSkatepark Project | Augusta, ME | $5K | 2023 |
| Viles ArboretumCatalyst Grant - Kitchen Upgrades | Augusta, ME | $5K | 2023 |
| Waterville Area Habitat For HumanityUnrestricted Support | Waterville, ME | $5K | 2023 |
| United Way Of Southern MaineHeating Assistance Fund | Portland, ME | $5K | 2023 |
| China Lake AssociationLake Mitigation Project | China, ME | $5K | 2023 |
| Educare Central MaineLab School Learning Hub Program Support | Waterville, ME | $5K | 2023 |
| Kennebec Land TrustUnrestricted Support | Winthrop, ME | $4K | 2023 |
| Royal River Conservation TrustUnrestricted Support | Yarmouth, ME | $3K | 2023 |
| Maine Mathematics And Science AllianceUnrestricted Support | Augusta, ME | $3K | 2023 |
| 30 Mile River WatershedUnrestricted Support | Mt Vernon, ME | $3K | 2023 |
| Maine Farmland TrustUnrestricted Support | Belfast, ME | $3K | 2023 |
| Hallowell FoodbankUnrestricted Support | Hallowell, ME | $3K | 2023 |
| Augusta Symphony OrchestraUnrestricted Support | Augusta, ME | $3K | 2023 |
| Locker ProjectUnrestricted Support | Portland, ME | $3K | 2023 |
| Kennebec Historical SocietyUnrestricted Support | Augusta, ME | $3K | 2023 |