Genest Trust FBO Waban Projects
Genest Trust FBO Waban Projects is a private foundation, based in Portland, ME. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $271K in total assets. In 2025, it awarded 1 grant totaling $16K. Net investment income was $28K.
Genest Trust FBO Waban Projects at a glance
In short: Genest Trust FBO Waban Projects gave $16K across 1 grant in 2025 (avg $16K), mostly in Maine. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $15,749
- +17.6% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $15,749
- +17.6% vs 2024
- Median grant
- $15,749
- Total assets
- $270,739
- +4.0% 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 September 2026.
Who Genest Trust FBO Waban Projects funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Waypoint Maine Inc ($16K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Genest Trust FBO Waban Projects gives
- Giving held roughly steady from 2022 to 2025 (+9%). Method
- In 2025 it paid out 92% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2019 to 2025, annual grant giving ranged from $11K (2020) to $16K (2025). In 2025 it made 1 grant totaling $16K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Waypoint Maine Inc Sanford, ME | Programs for | $15,749 |
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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 | $270,739 | $28,383 | $17,976 | $15,749 | 1 | $16,236 | $27,655 | $17,555 |
| 2024 | $260,366 | $41,694 | $14,605 | $13,388 | 1 | $13,642 | $40,933 | $16,043 |
| 2023 | $233,086 | $10,810 | $14,400 | $13,330 | 1 | $13,585 | $9,066 | $13,988 |
| 2022 | $236,955 | $4,345 | $16,916 | $14,506 | 1 | $14,961 | $3,753 | $14,463 |
| 2021 | $249,516 | $37,550 | $12,528 | $11,732 | 1 | $11,759 | $37,065 | $14,834 |
| 2020 | $224,327 | $15,028 | $12,178 | $10,922 | 1 | — | $13,049 | $12,215 |
| 2019 | $221,475 | $6,974 | $14,570 | $10,927 | 1 | — | $6,176 | $11,565 |
Under IRS private-foundation payout rules, Genest Trust FBO Waban Projects reported a distributable amount of $18K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Genest Trust FBO Waban Projects is led by Hm Payson Co, Trustee on every filing since 2019 — the only officer listed, and compensated.
Officers on the 2025 filing
Hm Payson Co
Trustee
On filings since 2019
1 hr/week
$500 (2019) → $347 (2025)
Data from IRS Form 990 filings, 2019–2025. "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 $347, to HM Payson CO (Truste).
Frequently asked questions about Genest Trust FBO Waban Projects
How much does Genest Trust FBO Waban Projects give each year?
Genest Trust FBO Waban Projects gave $16K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $13K across 1 grant.
How large is Genest Trust FBO Waban Projects?
Genest Trust FBO Waban Projects reported $271K in total assets on its 2025 IRS Form 990-PF. It paid out $16K in qualifying distributions that year, against a required minimum of $18K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Genest Trust FBO Waban Projects operate?
Genest Trust FBO Waban Projects has awarded grants in Maine.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 16, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 3, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 1, 2024)
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