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Redco Foundation Inc. is a private corporation based in PORTLAND, ME. The foundation received its IRS ruling in 2002. The principal officer is Baker Newman & Noyes. It holds total assets of $5.8M. Annual income is reported at $1.7M. The foundation is governed by 5 officers and trustees. 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. Grantmaking is concentrated in Maine. According to available records, Redco Foundation Inc. has made 48 grants totaling $612K, with a median grant of $10K. Annual giving has grown from $40K in 2020 to $304K in 2023. Individual grants have ranged from $1K to $100K, with an average award of $13K. The foundation has supported 21 unique organizations. The foundation primarily supports organizations in Maine, California, Oregon, which account for 92% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$10K
Average Grant
$10K
Largest Grant
$25K
Based on 13 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.
Redco Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 48 grants. Its grantmaking reaches organizations primarily in ME, CA, OR.
Redco Foundation Inc. has distributed a total of $612K across 48 grants. The median grant size is $10K, with an average of $13K. Individual grants have ranged from $1K to $100K.
Redco Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Redco Foundation Inc. is headquartered in PORTLAND, ME. While based in ME, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Elizabeth W Bresnahan | Director | $0 | $0 | N/A |
| Lillianna Bresnahan | Director | $0 | $0 | N/A |
| Richard A Bresnahan | Director, President | $0 | $0 | N/A |
| Matie B Little | Secretary/Clerk | $0 | $0 | N/A |
| Richard M Bresnahan | Director, Vice President | $0 | $0 | N/A |
Total Giving
$337K
Total Assets
$4.8M
Fair Market Value
$4.8M
Net Worth
$4.8M
Grants Paid
$304K
Contributions
$180K
Net Investment Income
$165K
Distribution Amount
$234K
Total: $4.3M
Total Grants
48
Total Giving
$612K
Average Grant
$13K
Median Grant
$10K
Unique Recipients
21
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Trout UnlimitedGeneral Purpose | Arlington, VA | $10K | 2023 |
| Good Shepherd Food BankGeneral Purpose | Auburn, ME | $100K | 2023 |
| Aio Food PantryGeneral Purpose | Rockland, ME | $50K | 2023 |
| Pen Bay Soccer ClubGeneral Purpose | Warren, ME | $24K | 2023 |
| Camden Hills Regional High SchoolGeneral Purpose | Rockport, ME | $20K | 2023 |
| Mid-Coast Recreation CenterGeneral Purpose | Rockport, ME | $13K | 2023 |
| Wild Salmon CenterGeneral Purpose | Portland, OR | $10K | 2023 |
| Bring Change To Mind (Bc2m)General Purpose | San Francisco, CA | $10K | 2023 |
| DocsongGeneral Purpose | Rockport, ME | $10K | 2023 |
| Sarah'S VillageGeneral Purpose | Plymouth, MA | $10K | 2023 |
| Sundog Outdoor ExpeditionsGeneral Purpose | Camden, ME | $10K | 2023 |
| Trekkers IncGeneral Purpose | Rockland, ME | $10K | 2023 |
| Sweet Tree ArtsGeneral Purpose | Hope, ME | $5K | 2023 |
| Camden Food PantryGeneral Purpose | Camden, ME | $5K | 2023 |
| Restorative Justice Project MaineGeneral Purpose | Belfast, ME | $5K | 2023 |
| Coastal Mountains Land TrustGeneral Purpose | Camden, ME | $5K | 2023 |
| PeopleplaceGeneral Purpose | Camden, ME | $5K | 2023 |
| Friends Of Baxter State ParkGeneral Purpose | Belfast, ME | $1K | 2023 |
| Friends Of Katahdin Woods And WatersGeneral Purpose | Portland, ME | $1K | 2023 |
| Make A Wish Foundation Of MaineGeneral Purpose | Scarborough, ME | $10K | 2022 |
| Midcoast Habitat For HumanityGeneral Purpose | Rockport, ME | $5K | 2022 |