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Medwed Foundation is a private association based in DALLAS, TX. The foundation received its IRS ruling in 1960. The principal officer is Merchants National Bank Of Bangor. It holds total assets of $101K. Annual income is reported at $5K. The foundation is governed by 1 officer or trustee. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Maine, Massachusetts and Tennessee. According to available records, Medwed Foundation has made 13 grants totaling $22K, with a median grant of $2K. The foundation has distributed between $5K and $11K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $11K distributed across 6 grants. Individual grants have ranged from $500 to $3K, with an average award of $2K. The foundation has supported 6 unique organizations. Grants have been distributed to organizations in Massachusetts and Tennessee and Maine. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$3K
Average Grant
$2K
Largest Grant
$3K
Based on 3 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.
Medwed Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 13 grants. Its grantmaking reaches organizations primarily in MA, TN, ME.
Medwed Foundation has distributed a total of $22K across 13 grants. The median grant size is $2K, with an average of $2K. Individual grants have ranged from $500 to $3K.
Aid of such religious, charitable, scientific, literary & educational purposes in furtherance of public welfare.
Medwed Foundation is headquartered in DALLAS, TX. While based in TX, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bank Of America | TRUSTEE | $2K | $0 | $2K |
Total Giving
$8K
Total Assets
$104K
Fair Market Value
$132K
Net Worth
$104K
Grants Paid
$5K
Contributions
N/A
Net Investment Income
$2K
Distribution Amount
$6K
Total Grants
13
Total Giving
$22K
Average Grant
$2K
Median Grant
$2K
Unique Recipients
6
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Dollywood FoundationUNRESTRICTED GENERAL | Pigeon Forge, TN | $2K | 2023 |
| New England Innocence ProjectUNRESTRICTED GENERAL | Cambridge, MA | $2K | 2023 |
| Bates CollegeSCHOLARSHIPS | Lewiston, ME | $500 | 2023 |
| University Of Southern MaineSCHOLARSHIP | Portland, ME | $500 | 2022 |
| Greater Boston LegalUNRESTRICTED GENERAL | Boston, MA | $2K | 2020 |
| Kennebec Valley Comm CollegeSCHOLARSHIP | Fairfield, ME | $500 | 2020 |