Clarence E Mulford Trust
The Clarence E Mulford Trust is a private foundation established in 1965 and based in Fryeburg, Maine. The organization operates as a grantmaking entity focused on supporting local and regional initiatives through philanthropic funding.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.7M
+2.4% YoY
Annual Giving
$833K
+15.1% YoY
Grant Count
21
+0.0% YoY
Avg Grant Size
$40K
+15.1% YoY
Under IRS private-foundation payout rules, Clarence E Mulford Trust reported a distributable amount of $833K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The trust primarily funds operating cost support, youth substance abuse programs, security of premises, program support and operating costs, landscaping and beautification, and general fund and administrative support.
Grantmaking
The trust made 18 grants in 2023. Recent grants include:
Grant Range
s, with awards spanning from approximately $20,000 to over $480,000.
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Geographic Focus
Where this funder awards grants
The trust focuses its grantmaking in the Fryeburg, Maine area and surrounding communities in western Maine.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total Assets: $4,614,199
- Total Revenues: $635,314
- Total Expenses: $805,805
- Number of Employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,727,194 | $4,614,199 | $4,842,581 |
| Revenue | $929,636 | $635,314 | $798,284 |
| Expenses | $913,055 | $805,805 | $834,051 |
| Qualifying Distributions | $868,830 | $758,396 | $776,269 |
| Net Investment Income | $885,411 | $587,905 | $740,502 |
| Distributable Amount | $832,727 | $758,604 | $778,467 |
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
95 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Fryeburg Academy ($539,010), Eastern Slope Aviation Authority ($92,000), Fryeburg Recreation Dept Inc ($85,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AUSTIN BEMIS CEMETERY ASSOCIATION FRYEBURG, ME | OPERATING COST SUPPORT | $500 |
| CHURCH OF THE NEW JERUSALEM FRYEBURG, ME | OPERATING COST SUPPORT | $3,500 |
| EASTERN SLOPE AVIATION AUTHORITY FRYEBURG, ME | OPERATING COST AND SUPPORT | $92,000 |
| FIRST CONGREGATIONAL CHURCH FRYEBURG, ME | BUILDING ENHANCEMENT | $7,445 |
| FRYEBURG ACADEMY FRYEBURG, ME | GEN FUND, CAMPUS IMPROVEMENTS, CIRRICULM DEVELOPMENT | $539,010 |
| FRYEBURG BEAUTIFICATION PROGRAM FRYEBURG, ME | LANDSCAPING & BEAUTIFICATION | $5,000 |
| FRYEBURG HISTORICAL SOCIETY FRYEBURG, ME | BUILDING RESTORATION | $7,000 |
| FRYEBURG RECREATION DEPT INC FRYEBURG, ME | PROGRAM SUPPORT & OPERATING COSTS | $85,000 |
| FRYEBURG RESCUE ASSOCIATION FRYEBURG, ME | PURCHASE PROTECTION JACKETS | $8,500 |
| MT WASHINGTON VALLEY ADULT DAY CENTER CENTER CONWAY, NH | FUNDING FOR FRYEBURG OLDER ADULTS | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The trust is managed by co-trustees Peter G Hastings and David R Hastings II, with David R Hastings II also serving as trustee.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANDREW P PIERCE | CO-TRUSTEE | 5 | $35,630 |
| DAVID R HASTINGS III | CO-TRUSTEE | 5 | $35,630 |
Frequently Asked Questions
What does Clarence E Mulford Trust fund?
The trust primarily funds operating cost support, youth substance abuse programs, security of premises, program support and operating costs, landscaping and beautification, and general fund and administrative support.
How do I apply for a grant from Clarence E Mulford Trust?
The trust made 18 grants in 2023. Recent grants include: | Grantee | Grant Description | Year | Amount | |---------|-------------------|------|--------| | Fryeburg Academy | General Fund, Campus Improvements, Curriculum Development | 2023 | $480,504 | | Saco Valley Fire Association | Portable Radios and Related Accessories | 2023 | $28,347 | | White Mountain Community Health Center (WMCHC) | Operating Cost Support, Modernization Project | 2023 | $20,000 | The trust demonstrates a range of grant…
Where does Clarence E Mulford Trust make grants?
The trust focuses its grantmaking in the Fryeburg, Maine area and surrounding communities in western Maine.
What size grants does Clarence E Mulford Trust award?
In 2024, Clarence E Mulford Trust awarded 21 grants totaling $833K — an average of about $40K per grant, based on its IRS Form 990 filings.
How much is Clarence E Mulford Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Clarence E Mulford Trust reported a distributable amount of $833K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Clarence E Mulford Trust's EIN?
Clarence E Mulford Trust's EIN (Employer Identification Number) is 01-0247548. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Clarence E Mulford Trust's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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