PORTLAND, ME
Libra Foundation Owen W Wells Trustee
Quick Facts
- EIN
- 046626994
- Location
- PORTLAND, ME
- Category
- General
- Total Assets
- $161.6M
- Annual Income
- $41.4M
- IRS Ruling Year
- 1990
- Organization Type
- Trust
- Tax Deductibility
- Contributions are deductible
About This Foundation
Libra Foundation Owen W Wells Trustee is a private trust based in PORTLAND, ME. The foundation received its IRS ruling in 1990. It holds total assets of $161.6M. Annual income is reported at $41.4M. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$9.1M
2023-0%
Total Assets
$170M
2023-3%
Fair Market Value
$137.7M
2023
Net Worth
$169.6M
2023
Grants Paid
$6M
2023
Contributions
$0
2023
Net Investment Income
$0
2023
Distribution Amount
$6.9M
2023
Total Giving by Year
$10.4M
11$9.5M
12$6.5M
13$6.1M
14$6.7M
15$9.4M
19$8.9M
20$9.1M
21$9.1M
22$9.1M
23Asset Growth
$146.5M
11$140.3M
12$138.9M
13$133.1M
14$124.9M
15$202.7M
19$199.5M
20$194.5M
21$175M
22$170M
23Investment Portfolio (2023)
Total: $30.8M
Corporate Stock: $21M
Corporate Bonds: $3.4M
Government Obligations: $6.4M
Other Investments: $85.6M
Cash: $393K
Corporate Stock (18%)
Corporate Bonds (3%)
Government Obligations (6%)
Other Investments (73%)
Cash (0%)
Expense Breakdown (2023)
Grants Paid$6M
Officer Compensation$1.5M
Pension & Benefits$414K
Occupancy$141K
Depreciation$71K
Travel & Conferences$38K
Accounting Fees$25K
Legal Fees$365
Revenue Sources (2023)
- Dividends
- $597K
- Capital Gains (Net)
- $247K
- Interest
- $22K
- Other Income
- $-1,205,792
Financial Details (2023)
- Total Revenue
- $-339,498
- Total Expenses
- $9.1M
- Exempt Purpose Expenses
- $7.7M
- Required Distribution
- $6.9M
- Undistributed Income
- $0
- Total Liabilities
- $420K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
50
Total Giving
$6M
Average Grant
$120K
Median Grant
$5K
Grant Range
Min$5K
Max$4.2M
Median: $5K
Smallest grantLargest grant
Geographic Distribution of Grants
AK
ME
ME: $6M (49)
VT
NH
NH: $5K (1)
WA
ID
MT
ND
MN
WI
MI
NY
MA
CT
RI
OR
NV
WY
SD
IA
IL
IN
OH
PA
NJ
CA
UT
CO
NE
MO
KY
WV
VA
MD
DE
DC
AZ
NM
KS
AR
TN
NC
SC
OK
LA
MS
AL
GA
FL
HI
TX
ME$6M (49)
NH$5K (1)
Past Grantees
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Pineland Farms IncDEVELOP, OPERATE AND STAFF PINELAND FARMS, INC. FOR AGRICULTURAL PROMOTION, EDUCATION AND RESEARCH IN MAINE | New Gloucester, ME | $4.2M | 2023 |
| MainehealthRAISING READERS PROGRAM | Portland, ME | $1.1M | 2023 |
| Foxcroft AcademyPISCATAQUIS COUNTY ICE ARENA OPERATING EXPENSES | Doverfoxcroft, ME | $173K | 2023 |
| Mainehealth Dba Pen Bay Waldo Healthcare FoundationCONSTRUCT NEW HEALTH CENTER | Rockland, ME | $50K | 2023 |
| Fort Kent Outdoor CenterGENERAL OPERATING SUPPORT | Fort Kent, ME | $50K | 2023 |
| City Of Presque Isle Fbo Nordic Heritage Outdoor CenterGENERAL OPERATING SUPPORT | Presque Isle, ME | $50K | 2023 |
| Boys & Girls Clubs Of Southern MaineA PLACE FOR GROWTH CAPITAL CAMPAIGN | Portland, ME | $50K | 2023 |
| State Ymca Of Maine Dba Ymca Camp Of MaineENDOWMENT FUND | Winthrop, ME | $25K | 2023 |
| Friends Of Katahdin Woods & WatersTEKAKAPIMEK CONTACT STATION | Portland, ME | $25K | 2023 |
| Portland Museum Of ArtGENERAL OPERATING SUPPORT | Portland, ME | $20K | 2023 |
| Farnsworth Art MuseumGENERAL OPERATING SUPPORT | Rockland, ME | $20K | 2023 |
| Portland Symphony OrchestraGENERAL OPERATING SUPPORT | Portland, ME | $20K | 2023 |
| Portland Stage CompanyGENERAL OPERATING SUPPORT | Portland, ME | $20K | 2023 |
| Island InstituteGENERAL OPERATING SUPPORT | Rockland, ME | $10K | 2023 |
| Good Shepherd Food BankCAMPAIGN TO END HUNGER | Auburn, ME | $10K | 2023 |
| Maine Public Broadcasting NetworkGENERAL OPERATING SUPPORT | Lewiston, ME | $10K | 2023 |
| Maine Maritime MuseumGENERAL OPERATING SUPPORT | Bath, ME | $10K | 2023 |
| Maine Historical SocietyGENERAL OPERATING SUPPORT | Portland, ME | $10K | 2023 |
| Peregrine Corporation Dba StriveGENERAL OPERATING SUPPORT | South Portland, ME | $10K | 2023 |
| Salvation Army - Northern New England DivisionGENERAL OPERATING SUPPORT | Portland, ME | $10K | 2023 |
| Community DentalGENERAL OPERATING SUPPORT | Portland, ME | $5K | 2023 |
| Coastal Maine Botanical GardensGENERAL OPERATING SUPPORT | Boothbay, ME | $5K | 2023 |
| Boys & Girls Clubs Of Southern MaineGENERAL OPERATING SUPPORT | Portland, ME | $5K | 2023 |
| Iris NetworkGENERAL OPERATING SUPPORT | Portland, ME | $5K | 2023 |
| Home IncGENERAL OPERATING SUPPORT | Orland, ME | $5K | 2023 |
| Gulf Of Maine Research InstituteGENERAL OPERATING SUPPORT | Portland, ME | $5K | 2023 |
| Lakes Environmental AssociationGENERAL OPERATING SUPPORT | Bridgton, ME | $5K | 2023 |
| Legal Services For The ElderlyGENERAL OPERATING SUPPORT | Augusta, ME | $5K | 2023 |
| Maine Adaptive Sports & RecreationGENERAL OPERATING SUPPORT | Newry, ME | $5K | 2023 |
| Maine Association Of NonprofitsGENERAL OPERATING SUPPORT | Portland, ME | $5K | 2023 |
| Childrens Museum & Theatre Of MaineGENERAL OPERATING SUPPORT | Portland, ME | $5K | 2023 |
| Bigelow Laboratory For Ocean SciencesGENERAL OPERATING SUPPORT | East Boothbay, ME | $5K | 2023 |
| Autism Society Of MaineGENERAL OPERATING SUPPORT | Winthrop, ME | $5K | 2023 |
| Monhegan Historical & Cultural Museum AssociationGENERAL OPERATING SUPPORT | Monhegan, ME | $5K | 2023 |
| Maine State Society For The Protection Of AnimalsGENERAL OPERATING SUPPORT | South Windham, ME | $5K | 2023 |
| Center For Maine Contemporary ArtGENERAL OPERATING SUPPORT | Rockland, ME | $5K | 2023 |
| Maine State BalletGENERAL OPERATING SUPPORT | Falmouth, ME | $5K | 2023 |
| Maine Organic Farmers And Gardeners AssociationGENERAL OPERATING SUPPORT | Unity, ME | $5K | 2023 |
| Center For Grieving ChildrenGENERAL OPERATING SUPPORT | Portland, ME | $5K | 2023 |
| Bay Chamber ConcertsGENERAL OPERATING SUPPORT | Rockport, ME | $5K | 2023 |
| Maine Media Workshops CollegeGENERAL OPERATING SUPPORT | Rockport, ME | $5K | 2023 |
| Maine State Music TheatreGENERAL OPERATING SUPPORT | Brunswick, ME | $5K | 2023 |
| Forest Society Of MaineGENERAL OPERATING SUPPORT | Bangor, ME | $5K | 2023 |
| Maine Farmland TrustGENERAL OPERATING SUPPORT | Belfast, ME | $5K | 2023 |
| Center For A Green FutureGROWING TO GIVE PROGRAM | Brunswick, ME | $5K | 2023 |
| Maine Discovery MuseumGENERAL OPERATING SUPPORT | Bangor, ME | $5K | 2023 |
| Northern Forest Center - MaineGENERAL OPERATING SUPPORT | Concord, NH | $5K | 2023 |
| Ogunquit Museum Of American ArtGENERAL OPERATING SUPPORT | Ogunquit, ME | $5K | 2023 |
| Ogunquit PlayhouseGENERAL OPERATING SUPPORT | Ogunquit, ME | $5K | 2023 |
| Maine Children'S Home For Little WanderersGENERAL OPERATING SUPPORT | Waterville, ME | $5K | 2023 |
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 |
| 2018-12 | 990PF | View Filing |
| 2017-12 | 990PF | View Filing |
| 2016-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica