Granite Point Foundation
Granite Point Foundation is a private foundation based in South Portland, Maine. The foundation was established in 1994 and operates as a 501(c)(3) exempt private foundation.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.9M
-5.3% YoY
Annual Giving
$780K
+208.3% YoY
Grant Count
20
+53.8% YoY
Avg Grant Size
$39K
+100.4% YoY
Under IRS private-foundation payout rules, Granite Point Foundation reported a distributable amount of $217K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's grantmaking priorities include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Maine, Massachusetts, and Connecticut.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | Amount |
|---|---|
| Total Assets | $3,879,002 |
| Total Giving (2024) | $780,000 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,879,002 | $4,097,983 | $3,717,669 |
| Revenue | $436,560 | $88,356 | $73,832 |
| Expenses | $806,593 | $282,018 | $182,738 |
| Qualifying Distributions | $780,000 | $253,000 | $161,000 |
| Net Investment Income | $409,967 | $75,882 | $60,282 |
| Distributable Amount | $216,583 | $196,276 | $202,433 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
57 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Williams College ($350,000), Mystic Seaport Museum Inc ($250,000), Royal River Community Players ($33,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FRIENDS OF CASCO BAY SOUTH PORTLAND, ME | GENERAL USE | $25,000 |
| FRIENDS OF MVYRADIO INC WEST TISBURY, MA | GENERAL USE | $10,000 |
| GOOD SHEPHERD FOOD BANK AUBURN, ME | GENERAL USE | $20,000 |
| GULF OF MAINE RESEARCH INSTITUTE PORTLAND, ME | GENERAL USE | $5,000 |
| MAINE SPORTS HALL OF FAME KENNEBUNK, ME | GENERAL USE | $5,000 |
| PREBLE STREET PORTLAND, ME | GENERAL USE | $20,000 |
| ROYAL RIVER COMMUNITY PLAYERS YARMOUTH, ME | GENERAL USE | $33,000 |
| SOUTH PORTLAND FOOD CUPBOARD SOUTH PORTLAND, ME | GENERAL USE | $10,000 |
| WILLIAMS COLLEGE WILLIAMSTOWN, MA | GENERAL USE | $350,000 |
| BICYCLE COALITION OF MAINE PORTLAND, ME | GENERAL USE | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation has no employees listed in available records.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CAROLYN BIRMINGHAM | TRUSTEE | 1 | — |
| STEPHEN BIRMINGHAM | TRUSTEE | 1 | — |
| PAULA BIRMINGHAM | TRUSTEE | 1 | — |
Frequently Asked Questions
What does Granite Point Foundation fund?
The foundation's grantmaking priorities include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services
How do I apply for a grant from Granite Point Foundation?
**Grant Amounts:** Typical awards range from $1,000 to $350,000. **Annual Giving:** The foundation distributed $780,000 in total giving based on its most recent IRS Form 990 filing (2024). **Recent Activity:** The foundation made a $5,000 grant to Maine Sports Hall of Fame in 2024 for general use.
Where does Granite Point Foundation make grants?
The foundation primarily funds organizations in Maine, Massachusetts, and Connecticut.
What size grants does Granite Point Foundation award?
In 2024, Granite Point Foundation awarded 20 grants totaling $780K — an average of about $39K per grant, based on its IRS Form 990 filings.
How much is Granite Point Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Granite Point Foundation reported a distributable amount of $217K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Granite Point Foundation's EIN?
Granite Point Foundation's EIN (Employer Identification Number) is 04-3213793. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Granite Point Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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