James E McGrath Trust
James E McGrath Trust is a private foundation, based in Bangor, ME. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $454K in total assets. In 2025, it awarded 1 grant totaling $31K. Net investment income was $12K.
James E McGrath Trust at a glance
In short: James E McGrath Trust gave $31K across 1 grant in 2025 (avg $31K), mostly in Maine. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $31,108
- +1.4% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $31,108
- +1.4% vs 2024
- Median grant
- $31,108
- Total assets
- $453,980
- -6.4% 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 James E McGrath Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was ST JOHN'S ROMAN CATHOLIC CHURCH Dir of Business ($31K).
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 James E McGrath Trust gives
- Giving held roughly steady from 2022 to 2025 (−13%). Method
- In 2025 it paid out 120% of its IRS minimum distribution (the 5% rule). 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 $29K (2023) to $36K (2022). In 2025 it made 1 grant totaling $31K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| ST JOHN'S ROMAN CATHOLIC CHURCH Dir of Business Bangor, ME | Charity | $31,108 |
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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 | $453,980 | $21,548 | $52,857 | $31,108 | 1 | $36,692 | $12,203 | $30,592 |
| 2024 | $485,159 | $51,822 | $40,062 | $30,677 | 1 | $33,500 | $39,783 | $29,805 |
| 2023 | $473,177 | $15,011 | $45,914 | $29,185 | 1 | $31,917 | $12,280 | $29,260 |
| 2022 | $504,362 | $41,138 | $47,852 | $35,877 | 1 | $40,542 | $35,843 | $31,250 |
| 2021 | $511,596 | $44,025 | $55,200 | $34,664 | 1 | $39,890 | $38,258 | $35,335 |
| 2020 | $522,838 | $48,903 | $44,950 | $32,918 | 1 | — | $44,017 | $31,662 |
Under IRS private-foundation payout rules, James E McGrath Trust reported a distributable amount of $31K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
James E McGrath Trust'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
$4K (2020) → $4K (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 $4K, to Bangor Savings Bank (Trustee).
Frequently asked questions about James E McGrath Trust
How much does James E McGrath Trust give each year?
James E McGrath Trust gave $31K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $31K across 1 grant.
How large is James E McGrath Trust?
James E McGrath Trust reported $454K in total assets on its 2025 IRS Form 990-PF. It paid out $37K in qualifying distributions that year, against a required minimum of $31K (roughly 5% of its investment assets).
Where does James E McGrath Trust operate?
James E McGrath Trust has awarded grants in Maine.
What is James E McGrath Trust's EIN?
James E McGrath Trust's EIN (Employer Identification Number) is 20-7105018. 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
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 18, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- 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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