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. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.7M in total assets. In 2025, it awarded 4 grants totaling $100K. Net investment income was $47K.
Herb and Ellie Bailey Char Tr 102292 at a glance
In short: Herb and Ellie Bailey Char Tr 102292 gave $100K across 4 grants in 2025 (avg $25K), mostly in Maine. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $100,016
- -5.8% vs 2024
- Grants made (2025)
- 4
- -33.3% vs 2024
- Average grant
- $25,004
- +41.3% vs 2024
- Median grant
- $22,000
- Total assets
- $1,714,379
- -3.6% 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 October 2026.
Who Herb and Ellie Bailey Char Tr 102292 funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Mattanawcook Jr High School ($40K). Together the top 4 received $100K.
Grant Size Distribution
31 grants across all recorded years
The most common grant size was under $50K: 30 grants of 31 (97%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
How Herb and Ellie Bailey Char Tr 102292 gives
- Giving fell 30% from 2022 to 2025. Method
- In 2025 it paid out 81% 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 2020 to 2025, annual grant giving ranged from $88K (2023) to $142K (2022). In 2025 it made 4 grants totaling $100K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mattanawcook Jr High School Lincoln, ME | Unrestricted Gift | $40,083 |
| RSU 67 Lincoln, ME | Unrestricted Gift | $28,000 |
| Mattanawcook Academy Lincoln, ME | Unrestricted Gift | $16,000 |
| Ella P Burr Elementary Lincoln, ME | Unrestricted Gift | $15,933 |
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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 | $1,714,379 | $66,419 | $132,339 | $100,016 | 4 | $108,248 | $46,501 | $134,219 |
| 2024 | $1,779,002 | $119,649 | $127,464 | $106,145 | 6 | $111,456 | $98,056 | $127,981 |
| 2023 | $1,787,230 | $55,946 | $112,945 | $88,310 | 7 | $94,837 | $48,152 | $119,675 |
| 2022 | $1,843,859 | $177,079 | $166,445 | $142,213 | 7 | $155,048 | $159,309 | $126,531 |
| 2021 | $1,835,118 | $182,104 | $160,456 | $129,527 | 7 | $143,230 | $165,716 | $140,531 |
| 2020 | $1,813,893 | $184,997 | $166,035 | $118,885 | 14 | — | $165,008 | $117,395 |
Under IRS private-foundation payout rules, Herb and Ellie Bailey Char Tr 102292 reported a distributable amount of $134K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Herb and Ellie Bailey Char Tr 102292's only listed officer is Bangor Savings Bank, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
Bangor Savings Bank
Trustee
On filings since 2020
1 hr/week
$11K (2020) → $12K (2025)
Data from IRS Form 990 filings, 2020–2025. "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 $12K, to Bangor Savings Bank (Trustee).
Frequently asked questions about Herb and Ellie Bailey Char Tr 102292
How much does Herb and Ellie Bailey Char Tr 102292 give each year?
Herb and Ellie Bailey Char Tr 102292 gave $100K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $106K across 6 grants.
What is Herb and Ellie Bailey Char Tr 102292's typical grant size?
Herb and Ellie Bailey Char Tr 102292's median grant in 2025 was $22,000, and its average grant was $25,004, across 4 grants on its 2025 IRS Form 990-PF.
Where does Herb and Ellie Bailey Char Tr 102292 give grants?
Herb and Ellie Bailey Char Tr 102292 gives mostly in Maine: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Lincoln, ME (4 grants).
Does Herb and Ellie Bailey Char Tr 102292 give general operating support?
Yes: 100% of Herb and Ellie Bailey Char Tr 102292's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Herb and Ellie Bailey Char Tr 102292?
Herb and Ellie Bailey Char Tr 102292 reported $1.7M in total assets on its 2025 IRS Form 990-PF. It paid out $108K in qualifying distributions that year, against a required minimum of $134K (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.
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 $1.7M in total assets as of 2025.
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 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 14, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 27, 2022)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
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