Bonnell Cove Foundation
Bonnell Cove Foundation is a private foundation, based in CAMDEN, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 20 grants totaling $107K. Net investment income was $39K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+10.0% YoY
Annual Giving
$107K
+10.4% YoY
Grant Count
20
+5.3% YoY
Avg Grant Size
$5K
+4.9% YoY
Under IRS private-foundation payout rules, Bonnell Cove Foundation reported a distributable amount of $74K for 2024 — the minimum it must pay out in qualifying distributions.
About Bonnell Cove Foundation
Based on IRS filings
Bonnell Cove Foundation is a private foundation, based in CAMDEN, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 20 grants totaling $107K. Net investment income was $39K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,594,483 | $1,449,832 | $1,319,698 |
| Revenue | $89,108 | $102,658 | $91,561 |
| Expenses | $116,805 | $105,732 | $97,218 |
| Qualifying Distributions | $112,595 | $102,582 | $93,941 |
| Net Investment Income | $39,228 | $56,746 | $44,630 |
| Distributable Amount | $74,421 | $67,411 | $70,106 |
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
82 grants across all recorded years
Open Grants
1 open opportunity from Bonnell Cove Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Wooden Boats for Veterans Foundatio ($15,000), Brigs Youth Sail Training ($10,000), The Gloucester Adventure Inc ($9,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BELLINGHAM BAY COMMUNITY BOATING CE BELLINGHAM, WA | ENVIRONMENTAL & SAFETY AT SEA | $5,000 |
| BILLION OYSTER PROJECT INC NEW YORK, NY | ENVIRONMENTAL PROJECT | $5,000 |
| BRIGS YOUTH SAIL TRAINING | SAFETY AT SEA | $10,000 |
| CALL OF THE SEA SAUSALITO, CA | SAFETY AT SEA | $5,000 |
| FRIENDS OF CASCO BAY SOUTH PORTLAND, ME | ENVIRONMENTAL | $5,000 |
| HURRICANE ISLAND FOUNDATION ROCKLAND, ME | ENVIRONMENTAL | $3,200 |
| NOOKSACK SALMON ENHANCEMENT ASSN BELLINGHAM, WA | ENVIRONMENTAL | $2,500 |
| SAIL NEWPORT NEWPORT, RI | SAFETY AT SEA | $2,836 |
| SAVE THE BAY PROVIDENCE, RI | SAFETY AT SEA | $2,000 |
| SEA EDUCATION ASSOCIATION WOODS HOLE, MA | SAFETY AT SEA | $4,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOYCE LHAMON | DIRECTOR | 1 | — |
| PAUL ROGERS | TREASURER | 4 | — |
| SHEILA MCCURDY | DIRECTOR | 1 | — |
| JW ROBERT MEDLAND | PRESIDENT | 4 | — |
| CHARLES STILLMAN | DIRECTOR | 1 | — |
| JOSEPH HARRIS | DIRECTOR | 1 | — |
| CHRISTOPHER OTOROWSKI | BOARD MEMBER | 1 | — |
| MAUREEN RODDY | BOARD MEMBER | 1 | — |
| CHRISTOPHER TATUM | BOARD MEMBER | 1 | — |
Frequently Asked Questions
How large is Bonnell Cove Foundation?
As of 2024, Bonnell Cove Foundation holds $1.6M in total assets with $89K in annual revenue. It awarded 20 grants totaling $107K in 2024.
Where does Bonnell Cove Foundation operate?
Bonnell Cove Foundation has awarded grants in California, Colorado, Connecticut, District of Columbia, Florida, Massachusetts, Maryland, Maine, New York, Rhode Island, Vermont, Washington.
What size grants does Bonnell Cove Foundation award?
In 2024, Bonnell Cove Foundation awarded 20 grants totaling $107K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Bonnell Cove Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bonnell Cove Foundation reported a distributable amount of $74K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bonnell Cove Foundation's EIN?
Bonnell Cove Foundation's EIN (Employer Identification Number) is 13-3556721. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Bonnell Cove 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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