Hattie a and Fred C Lynam Trust
The Hattie A. and Fred C. Lynam Trust is an independent foundation established in 1942 to support the Mount Desert Island community. The trust was created by Fred C. Lynam, who founded Bar Harbor Banking & Trust Company in 1887, and his wife Hattie. The trust is administered and invested by Bar Harbor Wealth Management, a subsidiary of Bar Harbor Bank & Trust.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.1M
+6.0% YoY
Annual Giving
$283K
+0.7% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$283K
+0.7% YoY
Mission & Focus Areas
The Lynam Trust provides grants to charitable, religious, and educational organizations serving Mount Desert Island, as well as academic scholarships to graduates of Mount Desert Island High School. The trust's mission reflects Fred and Hattie Lynam's dedication to their community through investment of time, resources, and entrepreneurship.
Grantmaking
Review Cycle
- Application materials are available at www.lynamtrust.com/grants
How to Apply
**
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Geographic Focus
Where this funder awards grants
Mount Desert Island, Maine
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $5,077,748 (as of most recent IRS Form 990 filing in 2024)
- Total Annual Giving: $282,654 (2024)
- Cumulative Impact: The trust has provided grants and scholarships exceeding $3 million over more than 80 years, assisting hundreds of beneficiaries
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,077,748 | $4,792,572 | $4,775,499 |
| Revenue | $614,606 | $332,825 | $229,755 |
| Expenses | $329,767 | $320,201 | $318,016 |
| Qualifying Distributions | $302,117 | $299,281 | $289,195 |
| Net Investment Income | $594,210 | $312,150 | $206,403 |
| Distributable Amount | $278,969 | $269,555 | $274,462 |
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
54 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BAR HARBOR WEALTH MANAGEMENT | TRUSTEE | 15 | $37,125 |
Recent News & Activity
Recent developments and announcements
The Lynam Trust conducts annual grant cycles, typically accepting applications through mid-September. In December 2025, the trust announced $136,000 in grants distributed to 38 Mount Desert Island organizations. The trust continues to accept applications annually for both organizational grants and individual scholarships to Mount Desert Island High School graduates.
Hattie A. & Fred C. Lynam Trust Awards $136,000 to Mount Desert ...Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Hattie a and Fred C Lynam Trust on Grantable?
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