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The@Presumpscot Foundation is a private corporation based in FREEPORT, ME. The foundation received its IRS ruling in 2011. The principal officer is % Ford Reiche. It holds total assets of $1.6M. Annual income is reported at $171K. The purposes of the Foundation are to acquire maintain and retain real property and related personal property in Maine for the purposes of protecting its natural scenic and open space values preserving open space for the benefit of the public and the environment and engage in historic preservation. In 2022 the primary project of the Foundation was to maintain Halfway Rock Lighthouse. This lighthouse is perched midway across the mouth of Casco Bay on a barren ledge of two acres. It is a remote wave-swept beacon nearly inaccessible and totally exposed to the ravages of nature. Built in 1871 to guide mariners approaching Portland Harbor the lighthouse was staged until it was automated in 1976. Thereafter maintenance was limited to the bare essentials required to keep the light and foghorn functioning. It was declared surplus government property in 2014. Due to the lighthouse's tremendous historic significance the Foundation acquired and restored it. According to available records, The@Presumpscot Foundation has made 2 grants totaling $2K, with a median grant of $1K. Grant recipients are concentrated in Maine. Contributions to this foundation are tax-deductible.
The purposes of the Foundation are to acquire maintain and retain real property and related personal property in Maine for the purposes of protecting its natural scenic and open space values preserving open space for the benefit of the public and the environment and engage in historic preservation. In 2022 the primary project of the Foundation was to maintain Halfway Rock Lighthouse. This lighthouse is perched midway across the mouth of Casco Bay on a barren ledge of two acres. It is a remote wave-swept beacon nearly inaccessible and totally exposed to the ravages of nature. Built in 1871 to guide mariners approaching Portland Harbor the lighthouse was staged until it was automated in 1976. Thereafter maintenance was limited to the bare essentials required to keep the light and foghorn functioning. It was declared surplus government property in 2014. Due to the lighthouse's tremendous historic significance the Foundation acquired and restored it.
Expenses: $55K
The purposes of the Foundation are to acquire maintain and retain real property and related personal property in Maine for the purposes of protecting its natural scenic and open space values preserving open space for the benefit of the public and the environment and engage in historic preservation. In 2022 the primary project of the Foundation was to maintain Halfway Rock Lighthouse. This lighthouse is perched midway across the mouth of Casco Bay on a barren ledge of two acres. It is a remote wave-swept beacon nearly inaccessible and totally exposed to the ravages of nature. Built in 1871 to guide mariners approaching Portland Harbor the lighthouse was staged until it was automated in 1976. Thereafter maintenance was limited to the bare essentials required to keep the light and foghorn functioning. It was declared surplus government property in 2014. Due to the lighthouse's tremendous historic significance the Foundation acquired and restored it. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in ME.
The@Presumpscot Foundation has distributed a total of $2K across 2 grants. The median grant size is $1K, with an average of $1K. Individual grants have ranged from $1K to $1K.
The@Presumpscot Foundation typically selects its grantees rather than accepting unsolicited proposals.
The@Presumpscot Foundation is headquartered in FREEPORT, ME.
Total Giving
$100K
Total Assets
$1.6M
Fair Market Value
$1.6M
Net Worth
$1.6M
Grants Paid
$1K
Contributions
$203K
Net Investment Income
$0
Distribution Amount
$0
Total Grants
2
Total Giving
$2K
Average Grant
$1K
Median Grant
$1K
Unique Recipients
1
Most Common Grant
$1K
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Maine PreservationOrganizational Support | Yarmouth, ME | $1K | 2022 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
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