Atlantic Federal Credit Union Foundation
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
94
+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
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.
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 | $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
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.
Explore Open Grants
Browse active grant opportunities in Atlantic Federal Credit Union Foundation'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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