Franklin Savings Bank Community
Franklin Savings Bank Community is a private foundation based in Farmington, Maine. It supports charitable organizations and scholarships, with the bank describing its community work as focused on local causes and initiatives in Western and Central Maine.
Key facts about Franklin Savings Bank Community
In short: Franklin Savings Bank Community gave $705K across 182 grants in 2025 (avg $4K), mostly in Maine. 36% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 31-1719226
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $705,108
- Grants made (2025)
- 182
- Average grant
- $3,874
- Median grant
- $2,000
- New grantees (estimate)
- 36% first-time grantees (65 of 182, 2025)
- Total assets
- $4,033,349
- Primary geography
- Maine (98% of itemized 2025 grant dollars)
- How to apply
- Requests should be submitted in writing by letter or the Charitable Request form. Full details ↓
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$4.0M
-3.6% YoY
Annual Giving
$705K
+72.9% YoY
Grant Count
182
+34.8% YoY
Avg Grant Size
$4K
+28.3% YoY
Under IRS private-foundation payout rules, Franklin Savings Bank Community reported a distributable amount of $203K for 2025 — the minimum it must pay out in qualifying distributions.
Is Franklin Savings Bank Community open to new grantees?
36%
first-time grantees, 2025
In 2025, 65 of 182 grantees (36%) were first-time recipients. First grants averaged $5K; repeat grants $3K. How we count
Medians: $2K first-time, $2K repeat.
- 45% of 2025 grantees were also funded in 2024. Method
- Giving grew 197% from 2022 to 2025. Method
- In 2025 it paid out 348% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation favors requests for economic development that bring business or jobs to local communities, low-income housing and other benefits for low-income or underserved people, and job retraining for workers displaced from traditional industries. It also supports scholarships directly through qualifying schools in its operating region.
Its 2025 grants illustrate support for varied community organizations. Avesta Housing Development Corporation received $25,000; the organization says its mission is to improve lives and strengthen communities by promoting and providing quality affordable homes for people in need. Greater Franklin Development Council received $12,500; it describes its vision as a vibrant Western Maine economy with abundant opportunities. Main Street Skowhegan received $11,500 and says it works toward a thriving economic, cultural, and recreational community. Other 2025 recipients included a food pantry, a ski club, a high school, a health provider, and a recreation-access organization.
Grantmaking
In filing year 2025, the foundation reported 182 grants totaling $705,108. Grants ranged from $200 to $153,000, with a median of $2,000. The largest grant was $153,000 to Franklin Ski & Outing Club (dba Farmington Ski Club) for Free Ski Night, a T-Bar, and Ski Club purposes. Other notable awards included $25,000 each to Avesta Housing Development Corporation and Beth Brunswick Memorial Fund For Children; $20,000 to Care and Share Food Closet; and $12,500 to Greater Franklin Development Council.
Review Cycle
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Geographic Focus
Where this funder awards grants
The bank says it does business primarily in Western and Central Maine, with commercial-only services in Ellsworth. Its stated service area includes Farmington, Rumford, Wilton, Jay, Rangeley, Skowhegan, Mt. Blue High School, and Ellsworth. In the 2025 filing, 98% of grant dollars went to Maine recipients, 1% to Virginia, 1% to Massachusetts, and a rounded less than 1% to New York.
Grant Distribution by State
Share of 2025 grant dollars across all 182 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $159K (2021) to $705K (2025). In 2025 it made 182 grants totaling $705K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Franklin Ski & Outing Club (dba Farmington Ski Club) ($153K). Together the top 10 received $289K.
Grant Size Distribution
603 grants across all recorded years
The most common grant size was under $50K: 601 grants of 603 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Franklin Ski & Outing Club (dba Farmington Ski Club) Farmington, ME | Free Ski Night; T-Bar; Ski Club | $153,000 |
| Avesta Housing Development Corporation Portland, ME | 2 of 3 Pledge for Edgewater Village Donation | $25,000 |
| Beth Brunswick Memorial Fund For Children Rangeley, ME | 2025 Child Development Center Donation (1 of 2) | $25,000 |
| Care and Share Food Closet West Farmington, ME | Food Pantry Donation, Floor Repairs | $20,000 |
| Greater Franklin Development Council Farmington, ME | 2025 Donation | $12,500 |
| University of Maine System Portland, ME | Western Outdoor Recreation Hub | $12,000 |
| Main Street Skowhegan Skowhegan, ME | 2025 Various Event Sponsorships | $11,500 |
| Skowhegan Area High School Skowhegan, ME | Athletics | $10,179 |
| High Peaks Alliance Farmington, ME | 2025 Sandy River Bridge Project PMT (4 of 5) Annually | $10,000 |
| MaineGeneral Health Augusta, ME | 2025 Hope and Healing Cancer Wing Expansion; Day of Hope | $9,833 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $4,033,349 | $552,767 | $709,861 | $705,108 |
| 2024 | $4,182,943 | $667,168 | $414,012 | $407,762 |
| 2023 | $3,929,337 | $625,626 | $491,730 | $488,430 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $4,033,349 | $4,182,943 | $3,929,337 |
| Revenue | $552,767 | $667,168 | $625,626 |
| Expenses | $709,861 | $414,012 | $491,730 |
| Qualifying Distributions | $706,508 | $409,087 | $489,680 |
| Net Investment Income | $148,567 | $163,189 | $121,216 |
| Distributable Amount | $202,973 | $189,028 | $182,709 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 6, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 28, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 29, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 25, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Peter L. Judkins as chairperson; Timothy J. Thompson as president; Pamala J. Dixon as treasurer and secretary; and Dylan Smith as assistant treasurer. Directors listed are Bradford S. Adley, Robert L. Berry III, James L. Eastlack, Richard H. Smith, James M. Witt IV, and Katherine W. Yardley.
Franklin Savings Bank Community is led by Timothy J Thompson, President on every filing since 2020; none of the 10 officers listed in 2025 report compensation.
Officers on the 2025 filing
Timothy J Thompson
President
On filings since 2020
1 hr/week
No compensation reported
Peter L Judkins
Chairperson
On filings since 2020
1 hr/week
No compensation reported
Bradford S Adley
Director
On filings since 2020
1 hr/week
No compensation reported
James M Witt IV
Director
On filings since 2020
1 hr/week
No compensation reported
Richard H Smith
Director
On filings since 2020
1 hr/week
No compensation reported
Robert L Berry III
Director
On filings since 2020
1 hr/week
No compensation reported
James L Eastlack
Director
On filings since 2022
1 hr/week
No compensation reported
Katherine W Yardley
Director
On filings since 2023
1 hr/week
No compensation reported
Pamala J Dixon
Treasurer & Secretary
Treasurer & Clerk → Treasurer & Secretary, 2022
On filings since 2020
1 hr/week
No compensation reported
Dylan Smith
Assistant Treasurer
On filings since 2022
1 hr/week
No compensation reported
Former officers (3)
- Former: Shelley W Deane (2020–2021) — Secretary
- Former: Richard Walker (2021) — Chairperson
- Former: Mary Ellen Carpenter (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Application contact: Pamala J Dixon Co Fsb Community Dev
Mailing address: PO Box 825, Farmington, ME 04938
Phone: (207) 778-3339
Email: p.dixon@franklinsavings.com
Website: https://franklinsavings.bank
Frequently asked questions about Franklin Savings Bank Community
How much does Franklin Savings Bank Community give each year?
Franklin Savings Bank Community gave $705K across 182 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $408K across 135 grants.
What is Franklin Savings Bank Community's typical grant size?
Franklin Savings Bank Community's median grant in 2025 was $2,000, and its average grant was $3,874, across 182 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Franklin Savings Bank Community that year got $5K on average.
Where does Franklin Savings Bank Community give grants?
Franklin Savings Bank Community gives mostly in Maine: 98% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Farmington, ME (22 grants), Rangeley, ME (11 grants), Ellsworth, ME (10 grants) and Skowhegan, ME (9 grants).
Does Franklin Savings Bank Community give general operating support?
Occasionally: 3% of Franklin Savings Bank Community's 2025 grants with a stated purpose (5 of 182) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Food Pantry Donation" (26 grants), "2025 Food Pantry Donation" (15 grants) and "Scholarship Awards" (5 grants).
Who are Franklin Savings Bank Community's largest grantees?
Franklin Savings Bank Community's largest 2025 grantees include Franklin Ski & Outing Club (dba Farmington Ski Club) ($153,000), Avesta Housing Development Corporation ($25,000) and Beth Brunswick Memorial Fund For Children ($25,000), according to its 2025 IRS Form 990-PF. Together they received 29% of its itemized 2025 grant dollars.
How large is Franklin Savings Bank Community?
Franklin Savings Bank Community reported $4.0M in total assets on its 2025 IRS Form 990-PF. It paid out $707K in qualifying distributions that year, against a required minimum of $203K (roughly 5% of its investment assets).
What does Franklin Savings Bank Community fund?
The foundation favors requests for economic development that bring business or jobs to local communities, low-income housing and other benefits for low-income or underserved people, and job retraining for workers displaced from traditional industries. See mission & focus areas ↑
How do I apply for a grant from Franklin Savings Bank Community?
Requests should be submitted in writing by letter or the Charitable Request form. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Franklin Savings Bank Community's EIN?
Franklin Savings Bank Community's EIN (Employer Identification Number) is 31-1719226. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching Franklin Savings Bank Community by hand.
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