Genest Trust Fbo Waban Projects

PORTLAND, ME EIN: 01-6082968

Genest Trust Fbo Waban Projects is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PORTLAND, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $260K in total assets. In 2024, it awarded 1 grants totaling $13K. Net investment income was $41K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$260K

+11.7% YoY

Annual Giving

$13K

+0.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$13K

+0.4% YoY

Under IRS private-foundation payout rules, Genest Trust Fbo Waban Projects reported a distributable amount of $16K for 2024 — the minimum it must pay out in qualifying distributions.

About Genest Trust Fbo Waban Projects

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Maine $64K (100%)

States

Maine

Cities

Sanford

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$260,366	$233,086	$236,955
Revenue	$41,694	$10,810	$4,345
Expenses	$14,605	$14,400	$16,916
Qualifying Distributions	$13,642	$13,585	$14,961
Net Investment Income	$40,933	$9,066	$3,753
Distributable Amount	$16,043	$13,988	$14,463

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Waypoint Maine Inc ($13,388).

Recipient	Purpose	Amount
WAYPOINT MAINE INC SANFORD, ME	PROGRAMS FOR	$13,388

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
HM PAYSON CO	TRUSTE	1	$215

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Genest Trust Fbo Waban Projects?

Genest Trust Fbo Waban Projects is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PORTLAND, ME. It holds $260K in total assets as of 2024.

How large is Genest Trust Fbo Waban Projects?

As of 2024, Genest Trust Fbo Waban Projects holds $260K in total assets with $42K in annual revenue. It awarded 1 grants totaling $13K in 2024.

Where does Genest Trust Fbo Waban Projects operate?

Genest Trust Fbo Waban Projects has awarded grants in Maine.

What size grants does Genest Trust Fbo Waban Projects award?

In 2024, Genest Trust Fbo Waban Projects awarded 1 grants totaling $13K — an average of about $13K per grant, based on its IRS Form 990 filings.

How much is Genest Trust Fbo Waban Projects required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Genest Trust Fbo Waban Projects reported a distributable amount of $16K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Genest Trust Fbo Waban Projects's EIN?

Genest Trust Fbo Waban Projects's EIN (Employer Identification Number) is 01-6082968. IRS Form 990 filing data is available on this page for 2020–2024.