Davenport Trust Fund
Davenport Trust Fund is a private foundation, based in Bath, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.7M in total assets. In 2024, it awarded 3 grants totaling $300K. Net investment income was $228K.
Davenport Trust Fund at a glance
In short: Davenport Trust Fund gave $300K across 3 grants in 2024 (avg $100K), mostly in Maine. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $299,876
- -18.1% vs 2023
- Grants made (2024)
- 3
- +0.0% vs 2023
- Average grant
- $99,959
- -18.1% vs 2023
- Median grant
- $110,000
- Total assets
- $6,717,471
- -1.9% vs 2023
- Primary geography
- Maine (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Davenport Trust Fund funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Charitable Donations See List Attached ($180K). Together the top 3 received $300K.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 7 grants of 17 (41%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How Davenport Trust Fund gives
- Giving held roughly steady from 2021 to 2024 (−19%). Method
- In 2024 it paid out 82% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $300K (2024) to $370K (2021). In 2024 it made 3 grants totaling $300K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Charitable Donations See List Attached Bath, ME | See Attached | $179,700 |
| Educational Donations Scholarships Bath, ME | See Attached | $110,000 |
| Religious Donations See List Attached Bath, ME | See Attached | $10,176 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $6,717,471 | $294,914 | $426,135 | $299,876 | 3 | $343,304 | $227,871 | $417,473 |
| 2023 | $6,848,692 | $1,244,002 | $467,436 | $366,275 | 3 | $408,295 | $1,163,779 | $362,150 |
| 2022 | $6,072,126 | $335,287 | $455,058 | $357,800 | 4 | $399,233 | $276,147 | $388,329 |
| 2021 | $6,191,897 | $334,149 | $468,921 | $370,062 | 3 | $411,526 | $274,196 | $428,288 |
| 2020 | $6,326,669 | $491,892 | $433,583 | $338,190 | 4 | — | $441,572 | $378,304 |
Under IRS private-foundation payout rules, Davenport Trust Fund reported a distributable amount of $417K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Davenport Trust Fund's 2024 filing lists 3 officers; all 3 officers listed in 2024 are compensated.
Officers on the 2024 filing
Barry M. Sturgeon
Trustee & Office Manager
On filings since 2020
24 hrs/week
$37K (2020) → $37K (2024)
Eric R. Allen
Trustee
On filings since 2020
5 hrs/week
$6K (2020) → $6K (2024)
Virginia R. Hatch
Trustee
On filings since 2020
5 hrs/week
$6K (2020) → $6K (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $37K, to Barry M Sturgeon (Trustee, Office MGR). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Davenport Trust Fund
How much does Davenport Trust Fund give each year?
Davenport Trust Fund gave $300K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $366K across 3 grants.
What is Davenport Trust Fund's typical grant size?
Davenport Trust Fund's median grant in 2024 was $110,000, and its average grant was $99,959, across 3 grants on its 2024 IRS Form 990-PF.
Where does Davenport Trust Fund give grants?
Davenport Trust Fund gives mostly in Maine: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Bath, ME (3 grants).
Does Davenport Trust Fund give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Davenport Trust Fund's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "See Attached" (3 grants).
How large is Davenport Trust Fund?
Davenport Trust Fund reported $6.7M in total assets on its 2024 IRS Form 990-PF. It paid out $343K in qualifying distributions that year, against a required minimum of $417K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Davenport Trust Fund's EIN?
Davenport Trust Fund's EIN (Employer Identification Number) is 01-6009246. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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