Abbagadassett Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOWDOINHAM, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12.6M in total assets. In 2024, it awarded 10 grants totaling $745K. Net investment income was $545K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.6M
+12.0% YoY
Annual Giving
$745K
+22.6% YoY
Grant Count
10
+11.1% YoY
Avg Grant Size
$74K
+10.3% YoY
Under IRS private-foundation payout rules, Abbagadassett Foundation Inc reported a distributable amount of $610K for 2024 — the minimum it must pay out in qualifying distributions.
About Abbagadassett Foundation Inc
Based on IRS filings
Abbagadassett Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOWDOINHAM, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12.6M in total assets. In 2024, it awarded 10 grants totaling $745K. Net investment income was $545K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,648,556 | $11,297,810 | $10,135,301 |
| Revenue | $601,081 | $378,244 | $217,462 |
| Expenses | $803,029 | $658,754 | $631,932 |
| Qualifying Distributions | $746,060 | $608,590 | $581,792 |
| Net Investment Income | $545,111 | $329,580 | $167,322 |
| Distributable Amount | $609,728 | $532,103 | $531,408 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
38 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Spurwink Services ($100,000), ACLU Foundation ($100,000), Maine Public Broadcasting Network ($99,348).
| Recipient | Purpose | Amount |
|---|---|---|
| Coastal Maine Botanical Gardens Boothbay, ME | To Support Organization | $80,250 |
| Maine College of Art Design Portland, ME | To Support Organization | $80,000 |
| Kennebec Estuary Land Trust Bath, ME | To Support Organization | $42,456 |
| Maine Public Broadcasting Network Portland, ME | To Support Organization | $99,348 |
| Spurwink Services Portland, ME | To Support Organization | $100,000 |
| Blind Industries and Services of Maryland Baltimore, MD | To Support Organization | $50,000 |
| Healthcare for the Homeless Portland, ME | To Support Organization | $51,264 |
| Maine Historical Society Portland, ME | To Support Organization | $60,000 |
| Restorative Justice Project Belfast, ME | To Support Organization | $81,545 |
| ACLU Foundation New York, NY | To Support Organization | $100,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Denham Ward | President | 1 | — |
| Hannah Ward | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Abbagadassett Foundation Inc?
Abbagadassett Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOWDOINHAM, ME. It holds $12.6M in total assets as of 2024.
How large is Abbagadassett Foundation Inc?
As of 2024, Abbagadassett Foundation Inc holds $12.6M in total assets with $601K in annual revenue. It awarded 10 grants totaling $745K in 2024.
Where does Abbagadassett Foundation Inc operate?
Abbagadassett Foundation Inc has awarded grants in Maryland, Maine, New York.
What size grants does Abbagadassett Foundation Inc award?
In 2024, Abbagadassett Foundation Inc awarded 10 grants totaling $745K — an average of about $74K per grant, based on its IRS Form 990 filings.
How much is Abbagadassett Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Abbagadassett Foundation Inc reported a distributable amount of $610K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Abbagadassett Foundation Inc's EIN?
Abbagadassett Foundation Inc's EIN (Employer Identification Number) is 82-1749192. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Abbagadassett Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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