Davenport Trust Fund

BATH, ME EIN: 01-6009246

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.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$6.7M

-1.9% YoY

Annual Giving

$300K

-18.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$100K

-18.1% YoY

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.

About Davenport Trust Fund

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Maine $1.7M (100%)

States

Maine

Cities

Bath

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$6,717,471	$6,848,692	$6,072,126
Revenue	$294,914	$1,244,002	$335,287
Expenses	$426,135	$467,436	$455,058
Qualifying Distributions	$343,304	$408,295	$399,233
Net Investment Income	$227,871	$1,163,779	$276,147
Distributable Amount	$417,473	$362,150	$388,329

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

17 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Charitable Donations See List Attached ($179,700), Educational Donations Scholarships ($110,000), Religious Donations See List Attached ($10,176).

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

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BARRY M STURGEON	TRUSTEE, OFFICE MGR	24	$36,950
ERIC R ALLEN	TRUSTEE	5	$5,750
VIRGINIA R HATCH	TRUSTEE	5	$5,750

Frequently Asked Questions

How large is Davenport Trust Fund?

As of 2024, Davenport Trust Fund holds $6.7M in total assets with $295K in annual revenue. It awarded 3 grants totaling $300K in 2024.

Where does Davenport Trust Fund operate?

Davenport Trust Fund has awarded grants in Maine.

What size grants does Davenport Trust Fund award?

In 2024, Davenport Trust Fund awarded 3 grants totaling $300K — an average of about $100K per grant, based on its IRS Form 990 filings.

How much is Davenport Trust Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Davenport Trust Fund reported a distributable amount of $417K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.