Genest Trust Fbo Waban Projects
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
1
+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
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| 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
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.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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