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Also known as: Collection Charitable Trust
Richard C Paine Jr Automobile Collection Charitable Trust is a private trust based in PORTLAND, ME. The foundation received its IRS ruling in 2008. The principal officer is % John Pm Higgins. It holds total assets of $17.6M. Annual income is reported at $1.7M. The Charitable Trust provides financial support to the Seal Cove museum annually and provides its assets for display at the Seal Cove Museum to help further the mission of the organization to tell the story of innovation, ingenuity, technical and social change in New England and America through the development and use of early motor vehicles. According to available records, Richard C Paine Jr Automobile Collection Charitable Trust has made 11 grants totaling $881K, with a median grant of $1K. The foundation has distributed between $266K and $312K annually from 2020 to 2023. Individual grants have ranged from $500 to $309K, with an average award of $80K. The foundation has supported 6 unique organizations. The foundation primarily supports organizations in Maine, Massachusetts, Ohio, which account for 91% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
The Charitable Trust provides financial support to the Seal Cove museum annually and provides its assets for display at the Seal Cove Museum to help further the mission of the organization to tell the story of innovation, ingenuity, technical and social change in New England and America through the development and use of early motor vehicles.
Expenses: $301K
The Charitable Trust provided financial support to the Stanley Museum, which commemorates and preserves the heritage of the Stanley family, inventors of the "Stanley Steamer" automobile.
Expenses: $1K
The Charitable Trust provided financial support to the Larz Anderson Auto Museum to further support the mission of the organization to support the community through educational outreach and the preservation of its permanent collection of early automobiles.
Expenses: $500
The Charitable Trust provides financial support to the Seal Cove museum annually and provides its assets for display at the Seal Cove Museum to help further the mission of the organization to tell the story of innovation, ingenuity, technical and social change in New England and America through the development and use of early motor vehicles. Based on available records, the foundation has funded 11 grants. Its grantmaking reaches organizations primarily in ME, MA, OH.
Richard C Paine Jr Automobile Collection Charitable Trust has distributed a total of $881K across 11 grants. The median grant size is $1K, with an average of $80K. Individual grants have ranged from $500 to $309K.
Richard C Paine Jr Automobile Collection Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Richard C Paine Jr Automobile Collection Charitable Trust is headquartered in PORTLAND, ME. While based in ME, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John J Sanford | Trustee | $63K | $0 | $63K |
| John Pm Higgins | Trustee | $63K | $0 | $63K |
Total Giving
$576K
Total Assets
$16.4M
Fair Market Value
$19.5M
Net Worth
$16.4M
Grants Paid
$312K
Contributions
$0
Net Investment Income
$202K
Distribution Amount
$0
Total: $6.8M
Total Grants
11
Total Giving
$881K
Average Grant
$80K
Median Grant
$1K
Unique Recipients
6
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Seal Cove Auto MuseumTo fund Seal Cove Auto Museum - Displays classic autos | Seal Cove, ME | $309K | 2023 |
| Stanley MuseumTo fund the Stanley Museum - Displays early inventions and automobiles | Kingfield, ME | $1K | 2023 |
| America'S Packard MuseumTo fund America's Packard Museum - Preserves and maintains original cars and original buildings of the Citizen's Motorocar Company | Dayton, OH | $1K | 2023 |
| Larz Anderson Auto MuseumTo fund the Larz Anderson Auto Museum - Displays oldest collection of motorcars in the United States | Brookline, MA | $750 | 2023 |
| 2019 | 990PF | View |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2015 | 990PF | View |
| Pierce-Arrow SocietyTo fund Pierce-Arrow Society - Preserves the history and legacy of the Pierce Arrow motor car |
| Catharpin, VA |
| $500 |
| 2023 |
| Owls Head Transportation MuseumTo fund Owls Head Transportation Museum - Displays classic autos | Owls Head, ME | $500 | 2020 |
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