Franklin Lawrence Scholarship Trust
Franklin Lawrence Scholarship Trust is a private foundation, based in Bangor, ME. IRS filing data is available from 2024 through 2025. As of 2025, the organization holds $1.4M in total assets. In 2025, it awarded 1 grant totaling $72K. Net investment income was $48K.
Franklin Lawrence Scholarship Trust at a glance
In short: Franklin Lawrence Scholarship Trust gave $72K across 1 grant in 2025 (avg $72K), mostly in Maine. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $72,000
- +140.0% vs 2024
- Grants made (2025)
- 1
- -50.0% vs 2024
- Average grant
- $72,000
- +380.0% vs 2024
- Median grant
- $72,000
- Total assets
- $1,366,560
- -2.1% vs 2024
- Primary geography
- Maine (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Franklin Lawrence Scholarship Trust funds
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 2 grants of 3 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How Franklin Lawrence Scholarship Trust gives
- In 2025 it paid out 101% of its IRS minimum distribution (the 5% rule). 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 2024 to 2025, annual grant giving ranged from $30K (2024) to $72K (2025). In 2025 it made 1 grant totaling $72K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $72,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,366,560 | $59,504 | $88,189 | $72,000 | 1 | $76,082 | $47,978 | $75,482 |
| 2024 | $1,395,176 | $1,441,102 | $45,595 | $30,000 | 2 | $34,826 | $20,772 | $68,761 |
Under IRS private-foundation payout rules, Franklin Lawrence Scholarship Trust reported a distributable amount of $75K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Franklin Lawrence Scholarship Trust's only listed officer is Bangor Savings Bank, Trustee on every filing since 2024 (compensated).
Officers on the 2025 filing
Bangor Savings Bank
Trustee
On filings since 2024
2 hrs/week
$6K (2024) → $9K (2025)
Data from IRS Form 990 filings, 2024–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $9K, to Bangor Savings Bank (Trustee).
Frequently asked questions about Franklin Lawrence Scholarship Trust
How much does Franklin Lawrence Scholarship Trust give each year?
Franklin Lawrence Scholarship Trust gave $72K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $30K across 2 grants.
How large is Franklin Lawrence Scholarship Trust?
Franklin Lawrence Scholarship Trust reported $1.4M in total assets on its 2025 IRS Form 990-PF. It paid out $76K in qualifying distributions that year, against a required minimum of $75K (roughly 5% of its investment assets).
Where does Franklin Lawrence Scholarship Trust operate?
Franklin Lawrence Scholarship Trust has awarded grants in Connecticut, Massachusetts, Maine.
What is Franklin Lawrence Scholarship Trust's EIN?
Franklin Lawrence Scholarship Trust's EIN (Employer Identification Number) is 99-6265133. IRS Form 990 filing data is available on this page for 2024–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2024 (received by the IRS September 18, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
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