Atlantic Federal Credit Union Foundation

SOUTH PORTLAND, ME EIN: 86-2316892

Atlantic Federal Credit Union Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOUTH PORTLAND, ME. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 94 grants totaling $179K. Net investment income was $167K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.6M

+2.9% YoY

Annual Giving

$179K

+13.6% YoY

Grant Count

+32.4% YoY

Avg Grant Size

$2K

-14.2% YoY

Under IRS private-foundation payout rules, Atlantic Federal Credit Union Foundation reported a distributable amount of $126K for 2024 — the minimum it must pay out in qualifying distributions.

About Atlantic Federal Credit Union Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

Ready to take the next step with Atlantic Federal Credit Union Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Maine $360K (95%)

Massachusetts $8K (2%)

Pennsylvania $4K (1%)

New York $3K (1%)

Michigan $3K (1%)

Florida $500 (0%)

+1 more states

States

Connecticut Florida Massachusetts Maine Michigan New Hampshire New York Pennsylvania Tennessee

Cities

AlfredAlfred MeAuburnBangorBathBiddefordBostonBowdoinBrunswickCambridgeCape NeddickCarlisleCumberlandCumberland CenterDurhamFalmouthFernandina BeachFreeportGorhamGray

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,638,344	$2,565,105	$2,143,168
Revenue	$192,641	$524,863	$269,240
Expenses	$207,746	$180,627	$197,042
Qualifying Distributions	$180,284	$158,677	$191,680
Net Investment Income	$166,879	$83,493	$16,768
Distributable Amount	$126,311	$122,188	$105,932

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

184 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Avesta Housing Development Corp ($15,500), Emerson College ($2,500), Habitat for Humanity York County ($2,500).

Recipient	Purpose	Amount
57 STALLIONS YOUTH BASKETBALL ASSOCIATION ALFRED, ME	GENERAL SUPPORT	$250
AMERICAN FOUNDATION FOR SUICIDE PREVENTION NEW YORK, NY	GENERAL SUPPORT	$500
AGE FRIENDLY SACO SACO, ME	GENERAL SUPPORT	$500
AID FOR SACO KIDS SACO, ME	GENERAL SUPPORT	$1,000
AMERICAN CANCER SOCIETY INC WESTBROOK, ME	GENERAL SUPPORT	$500
AN ANGEL'S WING INC LEWISTON, ME	GENERAL SUPPORT	$500
ANIMAL REFUGE LEAGUE OF GREATER PORTLAND WESTBROOK, ME	GENERAL SUPPORT	$500
ANIMAL WELFARE SOCIETY INC WEST KENNEBUNK, ME	GENERAL SUPPORT	$500
AVESTA HOUSING DEVELOPMENT CORP PORTLAND, ME	GENERAL SUPPORT	$15,500
BRUNSWICK COMMUNITY EDUCATION FOUNDATION BRUNSWICK, ME	GENERAL SUPPORT	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
CHRISTOPHER MCGORRILL	PRESIDENT	—	—
HOWARD DUPEE	TREASURER	—	—
RACHEL NEWMAN	SECRETARY	—	—
DONNA HODGDON	DIRECTOR	—	—
KIM ANANIA	DIRECTOR	—	—
RENEE OYSTER	DIRECTOR	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Atlantic Federal Credit Union Foundation?

Atlantic Federal Credit Union Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOUTH PORTLAND, ME. It holds $2.6M in total assets as of 2024.

How large is Atlantic Federal Credit Union Foundation?

As of 2024, Atlantic Federal Credit Union Foundation holds $2.6M in total assets with $193K in annual revenue. It awarded 94 grants totaling $179K in 2024.

Where does Atlantic Federal Credit Union Foundation operate?

Atlantic Federal Credit Union Foundation has awarded grants in Connecticut, Florida, Massachusetts, Maine, Michigan, New Hampshire, New York, Pennsylvania, Tennessee.

What size grants does Atlantic Federal Credit Union Foundation award?

In 2024, Atlantic Federal Credit Union Foundation awarded 94 grants totaling $179K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Atlantic Federal Credit Union Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Atlantic Federal Credit Union Foundation reported a distributable amount of $126K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Atlantic Federal Credit Union Foundation's EIN?

Atlantic Federal Credit Union Foundation's EIN (Employer Identification Number) is 86-2316892. IRS Form 990 filing data is available on this page for 2021–2024.