Herb and Ellie Bailey Char Tr 102292

BANGOR, ME EIN: 20-7257287

Herb and Ellie Bailey Char Tr 102292 is a private foundation focused on N/A, based in BANGOR, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 6 grants totaling $106K. Net investment income was $98K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.8M

-0.5% YoY

Annual Giving

$106K

+20.2% YoY

Grant Count

-14.3% YoY

Avg Grant Size

$18K

+40.2% YoY

Under IRS private-foundation payout rules, Herb and Ellie Bailey Char Tr 102292 reported a distributable amount of $128K for 2024 — the minimum it must pay out in qualifying distributions.

About Herb and Ellie Bailey Char Tr 102292

Based on IRS filings

Focus Areas

N/A

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Maine $585K (100%)

States

Maine

Cities

BangorLeeLincoln

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,779,002	$1,787,230	$1,843,859
Revenue	$119,649	$55,946	$177,079
Expenses	$127,464	$112,945	$166,445
Qualifying Distributions	$111,456	$94,837	$155,048
Net Investment Income	$98,056	$48,152	$159,309
Distributable Amount	$127,981	$119,675	$126,531

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

41 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Mattanawcook Academy ($34,000), Mattanawcook Jr High School ($26,087), Ella P Burr Elementary ($18,723).

Recipient	Purpose	Amount
MATTANAWCOOK JR HIGH SCHOOL Lincoln, ME	UNRESTRICTED GIFT	$26,087
RSU 67 Lincoln, ME	UNRESTRICTED GIFT	$14,860
MATTANAWCOOK ACADEMY Lincoln, ME	UNRESTRICTED GIFT	$34,000
LINCOLN RECREATIONAL DEPARTMENT Lincoln, ME	UNRESTRICTED GIFT	$10,475
LINCOLN PONY PALS BANGOR, ME	GENERAL FUND	$2,000
ELLA P BURR ELEMENTARY Lincoln, ME	UNRESTRICTED GIFT	$18,723

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Subject Areas

Focus areas based on grantmaking activity

N/A

Frequently Asked Questions

What is Herb and Ellie Bailey Char Tr 102292?

Herb and Ellie Bailey Char Tr 102292 is a private foundation focused on N/A, based in BANGOR, ME. It holds $1.8M in total assets as of 2024.

How large is Herb and Ellie Bailey Char Tr 102292?

As of 2024, Herb and Ellie Bailey Char Tr 102292 holds $1.8M in total assets with $120K in annual revenue. It awarded 6 grants totaling $106K in 2024.

Where does Herb and Ellie Bailey Char Tr 102292 operate?

Herb and Ellie Bailey Char Tr 102292 has awarded grants in Maine.

What size grants does Herb and Ellie Bailey Char Tr 102292 award?

In 2024, Herb and Ellie Bailey Char Tr 102292 awarded 6 grants totaling $106K — an average of about $18K per grant, based on its IRS Form 990 filings.

How much is Herb and Ellie Bailey Char Tr 102292 required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Herb and Ellie Bailey Char Tr 102292 reported a distributable amount of $128K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Herb and Ellie Bailey Char Tr 102292's EIN?

Herb and Ellie Bailey Char Tr 102292's EIN (Employer Identification Number) is 20-7257287. IRS Form 990 filing data is available on this page for 2020–2024.