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Rural Futures Fund is a private corporation based in PORTLAND, ME. The foundation received its IRS ruling in 2007. The principal officer is Eliot R Cutler. It holds total assets of $768K. Annual income is reported at $67K. Total assets have decreased from $6.3M in 2011 to $1.3M in 2023. The foundation is governed by 10 officers and trustees. In response to the significant financial hardship the COVID-19 pandemic had on the economy in 2020 the Foundation acted quickly to provide need-based support to several families that are supported by the various organizations listed in Part XV. The Foundation's support help to with the cost of necessary food and items for several families in critical need. 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, Rural Futures Fund has made 17 grants totaling $1.5M, with a median grant of $90K. Annual giving has decreased from $581K in 2020 to $213K in 2023. Grantmaking activity was highest in 2022 with $683K distributed across 5 grants. Individual grants have ranged from $8K to $208K, with an average award of $87K. The foundation has supported 9 unique organizations. Grant recipients are concentrated in Maine. Contributions to this foundation are tax-deductible.
Smallest Grant
$25K
Median Grant
$90K
Average Grant
$83K
Largest Grant
$119K
Based on 7 grants from the most recent 990-PF filing.
In response to the significant financial hardship the COVID-19 pandemic had on the economy in 2020 the Foundation acted quickly to provide need-based support to several families that are supported by the various organizations listed in Part XV. The Foundation's support help to with the cost of necessary food and items for several families in critical need.
Expenses: $3K
In response to the significant financial hardship the COVID-19 pandemic had on the economy in 2020 the Foundation acted quickly to provide need-based support to several families that are supported by the various organizations listed in Part XV. The Foundation's support help to with the cost of necessary food and items for several families in critical need. Based on available records, the foundation has funded 17 grants. Its grantmaking reaches organizations primarily in ME.
Rural Futures Fund has distributed a total of $1.5M across 17 grants. The median grant size is $90K, with an average of $87K. Individual grants have ranged from $8K to $208K.
Rural Futures Fund typically selects its grantees rather than accepting unsolicited proposals.
Rural Futures Fund is headquartered in PORTLAND, ME.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Erin M Cinelli | Associate Director and Secretary | $80K | $31K | $111K |
| Eliot R Cutler | President (end 3/2022) | $12K | $0 | $12K |
| William H Foster Phd | Director (end 11/2022) | $0 | $0 | N/A |
| Victoria Bonebakker | Treasurer | $0 | $0 | N/A |
| Susan C Ruch | Director | $0 | $0 | N/A |
| Owen Mccarthy | President | $0 | $0 | N/A |
| Melanie Cutler | Director (end 4/2022) | $0 | $0 | N/A |
| Catharine Biddle Phd | Director | $0 | $0 | N/A |
| Justin Schair | Director (end 11/2022) | $0 | $0 | N/A |
| Megan Taft | Director (end 11/2022) | $0 | $0 | N/A |
Total Giving
$657K
Total Assets
$1.3M
Fair Market Value
$1.3M
Net Worth
$1.3M
Grants Paid
$213K
Contributions
$19K
Net Investment Income
$123K
Distribution Amount
$79K
Total: N/A
Total Grants
17
Total Giving
$1.5M
Average Grant
$87K
Median Grant
$90K
Unique Recipients
9
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Midcoast Youth AllianceAspirations Incubator Program | Bath, ME | $85K | 2023 |
| University Of MaineFunding support for the Bryant Pond 4-H Camp and Learning Center; Aspirations Incubator Program | Orono, ME | $50K | 2023 |
| Maine Youth AllianceAspirations Incubator Program | Belfast, ME | $50K | 2023 |
| Old-Town Orono YmcaAspirations Incubator Program | Old Town, ME | $20K | 2023 |
| Center For Rural Youth DevelopmentStartup costs | Portland, ME | $8K | 2023 |
| Maine Seacoast MissionFunding support for the EdGE Program; Aspirations Incubator Program | Bar Harbor, ME | $159K | 2022 |
| Chewonki Foundation IncAspirations Incubator Program | Wiscasset, ME | $116K | 2022 |
| Apex Youth Connection (Formerly Known As The Community Bicycle Center)Aspirations Incubator Program | Biddeford, ME | $90K | 2020 |
| Trekkers IncFunding to fund the Capacity Building | Thomaston, ME | $25K | 2020 |