Kennebec Savings Bank Foundation
Kennebec Savings Bank Foundation is a private foundation based in Augusta, Maine. Its 2025 grants went to organizations in Maine, supporting examples that include community services, youth programs, libraries, recreation, arts and cultural organizations, and capital projects.
Kennebec Savings Bank Foundation at a glance
In short: Kennebec Savings Bank Foundation gave $866K across 120 grants in 2025 (avg $7K), mostly in Maine. 41% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $865,654
- +5.0% vs 2024
- Grants made (2025)
- 120
- +21.2% vs 2024
- Average grant
- $7,214
- -13.4% vs 2024
- Median grant
- $3,025
- Total assets
- $18,748,848
- +11.3% vs 2024
- New grantees (estimate)
- 41% first-time grantees (44 of 108, 2025)
- 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 September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Kennebec Savings Bank Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The Foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. It accepts applications and may make some donations without a formal request. Applications must include the organization’s name and address, the purpose of the request, the amount requested, and other relevant details. A formal application is required for the Catalyst Grant program. Applicants must be tax-exempt under Section 501(c)(3) of the Internal Revenue Code. Awards are generally for organizations providing services within Kennebec Savings Bank’s market area; the Foundation does not support political purposes.
- Review Cycle
- Applications are accepted on a rolling basis. Catalyst Grant applications are accepted June 1 through August 31.
- Deadline
- Applications are accepted on a rolling basis.
- Contact
Application contact: Kennebec Savings Bank Foundation
Mailing address: 150 State Street PO Box 50, Augusta, ME 04332
Phone: (207) 622-5801
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Kennebec Savings Bank Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Augusta Colonial Theater ($59K across 2 grants). Together the top 10 received $365K.
Organizations only. It also paid 1 individual scholarship ($2,000), which are not listed by name.
Grant Size Distribution
413 grants across all recorded years
The most common grant size was under $50K: 395 grants of 413 (96%).
Geographic Focus
Where this funder awards grants
All grant dollars in 2025 went to recipients in Maine. The Foundation states that awards are generally made to organizations providing services within Kennebec Savings Bank’s market area.
Grant Distribution by State
Share of 2025 grant dollars across all 120 itemized grants.
States
Cities
Is Kennebec Savings Bank Foundation open to new grantees?
41%
first-time grantees, 2025
In 2025, 44 of 108 grantees (41%) were first-time recipients. First grants averaged $10K; repeat grants $7K. How we count
Medians: $5K first-time, $3K repeat.
- 49% of 2025 grantees were also funded in 2024. Method
- Giving grew 27% from 2022 to 2025. Method
- In 2025 it paid out 103% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $495K (2019) to $866K (2025). In 2025 it made 120 grants totaling $866K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Augusta Colonial Theater Augusta, ME | Operational Support | $50,000 |
| United Way of Kennebec Valley Augusta, ME | Annual Support | $47,004 |
| Kennebec Land Trust Winthrop, ME | Howard Hill Campaign | $45,000 |
| Alfond Youth & Community Center Waterville, ME | Project & Annual Support | $35,000 |
| Friends of Quarry Road Waterville, ME | Capital Improvements | $25,000 |
| Gardiner Library Association Gardiner, ME | Capital Improvements | $25,000 |
| Johnson Hall Performing Arts Center Gardiner, ME | Campaign Donation | $25,000 |
| Portland Parks Conservatory Portland, ME | Pool Project | $25,000 |
| Town of Readfield Readfield, ME | Fairgrounds Community Park Capital Campaign | $25,000 |
| Victoria Mansion Portland, ME | Campaign Donation | $25,000 |
Ready to take the next step with Kennebec Savings Bank Foundation?
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 | $18,748,848 | $1,852,975 | $984,752 | $865,654 | 120 | $868,929 | $1,070,020 | $840,185 |
| 2024 | $16,849,007 | $3,249,408 | $904,529 | $824,202 | 99 | $829,077 | $2,338,256 | $899,605 |
| 2023 | $14,532,949 | $502,300 | $741,724 | $683,467 | 70 | $685,687 | $446,263 | $665,679 |
| 2022 | $12,773,073 | $297,072 | $772,212 | $681,576 | 68 | $683,904 | $239,183 | $671,783 |
| 2021 | $16,088,976 | $4,842,806 | $754,896 | $683,323 | 56 | $684,223 | $2,579,884 | $630,817 |
| 2020 | $9,073,469 | $1,419,516 | $616,101 | $558,192 | 39 | — | $1,036,393 | $535,717 |
| 2019 | $8,269,865 | $649,470 | $549,634 | $494,729 | 31 | — | $609,058 | $473,657 |
Under IRS private-foundation payout rules, Kennebec Savings Bank Foundation reported a distributable amount of $840K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the Foundation is provided. Its grants include support for a range of organizations. For example, United Way of Kennebec Valley describes its mission as uniting people and resources to improve lives in the community; Alfond Youth & Community Center says it works to help young people and families realize their potential; and Gardiner Library Association says it supports the maintenance and improvement of the public library. Friends of Quarry Road describes its work as developing four-season recreation opportunities in Waterville and surrounding communities.
Grantmaking
In 2025, the Foundation made 120 grants totaling $865,654. Grants ranged from $1,000 to $50,000, with a median of $3,025. Among the largest were $50,000 to Augusta Colonial Theater for operational support; $47,004 to United Way of Kennebec Valley for annual support; $45,000 to Kennebec Land Trust for the Howard Hill Campaign; and $35,000 to Alfond Youth & Community Center for project and annual support. Other grants of $25,000 included support for capital improvements at Friends of Quarry Road and Gardiner Library Association, campaigns at Johnson Hall Performing Arts Center and Victoria Mansion, and projects at Portland Parks Conservatory and the Town of Readfield.
Leadership & Key People
Leadership team and compensation from IRS filings
Officers and directors listed on the 2025 filing are Andrew E Silsby, President/Clerk; Nicolas G Patenaude, Treasurer; Craig J Garofalo, Vice President; and directors Amy P Tardiff, Charles W Hays Jr, Mark L Johnston, William W Sprague Jr, Norman S Elvin, Diane F Hastings, and Mary A Dennison.
Kennebec Savings Bank Foundation is led by Andrew E Silsby, President & Clerk on every filing since 2019; none of the 13 officers listed in 2025 report compensation.
Officers on the 2025 filing
Andrew E Silsby
President & Clerk
On filings since 2019
1 hr/week
No compensation reported
Charles W Hays Jr.
Director
On filings since 2019
1 hr/week
No compensation reported
Diane F Hastings
Director
On filings since 2019
1 hr/week
No compensation reported
Mark L Johnston
Director
On filings since 2019
1 hr/week
No compensation reported
Mary A Dennison
Director
On filings since 2019
1 hr/week
No compensation reported
Norman S Elvin
Director
On filings since 2019
1 hr/week
No compensation reported
William W Sprague Jr.
Director
On filings since 2019
1 hr/week
No compensation reported
Amy P Tardiff
Director
On filings since 2020
1 hr/week
No compensation reported
Christopher L Gaunce
Director
On filings since 2021
1 hr/week
No compensation reported
Alison A Lorenz
Director
On filings since 2022
1 hr/week
No compensation reported
Brian H Tarbuck
Director
New on the 2025 filing
1 hr/week
No compensation reported
Craig J Garofalo
Vice President
On filings since 2019
1 hr/week
No compensation reported
Nicolas G Patenaude
Treasurer
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (3)
- Former: Debra A Getchell (2019–2024) — Treasurer
- Former: Douglas E Reinhardt (2019–2024) — Past Director
- Former: Richard D. O'Connor (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Kennebec Savings Bank Foundation
How much does Kennebec Savings Bank Foundation give each year?
Kennebec Savings Bank Foundation gave $866K across 120 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $824K across 99 grants.
What is Kennebec Savings Bank Foundation's typical grant size?
Kennebec Savings Bank Foundation's median grant in 2025 was $3,025, and its average grant was $7,214, across 120 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Kennebec Savings Bank Foundation that year got $10K on average.
Where does Kennebec Savings Bank Foundation give grants?
Kennebec Savings Bank Foundation 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 Augusta, ME (30 grants), Portland, ME (20 grants), Waterville, ME (11 grants) and Winthrop, ME (10 grants).
Does Kennebec Savings Bank Foundation give general operating support?
Yes: 10% of Kennebec Savings Bank Foundation's 2025 grants with a stated purpose (12 of 120) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Annual Support" (44 grants), "Event Support" (24 grants) and "Campaign Donation" (6 grants).
Who are Kennebec Savings Bank Foundation's largest grantees?
Kennebec Savings Bank Foundation's largest 2025 grantees include Augusta Colonial Theater ($58,500 across 2 grants), Kennebec Land Trust ($51,500 across 2 grants) and United Way of Kennebec Valley ($47,004), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($2,000), which are not listed by name. Together they received 18% of its itemized 2025 grant dollars.
How large is Kennebec Savings Bank Foundation?
Kennebec Savings Bank Foundation reported $18.7M in total assets on its 2025 IRS Form 990-PF. It paid out $869K in qualifying distributions that year, against a required minimum of $840K (roughly 5% of its investment assets).
What does Kennebec Savings Bank Foundation fund?
No mission statement for the Foundation is provided. Its grants include support for a range of organizations. See mission & focus areas ↑
How do I apply for a grant from Kennebec Savings Bank Foundation?
The Foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Kennebec Savings Bank Foundation's EIN?
Kennebec Savings Bank Foundation's EIN (Employer Identification Number) is 22-2624600. IRS Form 990 filing data is available on this page for 2019–2025.
Does Kennebec Savings Bank Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS April 30, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 29, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 21, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 28, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 21, 2026)
- IRS filings on file for fiscal years 2019–2025
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Maine Open opportunities, soonest deadline first.
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Explore Open Grants
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Cite this profile
Grantable. (2026). Kennebec Savings Bank Foundation funder profile. GrantGraph. Retrieved October 20, 2026, from https://grantable.co/funders/kennebec-savings-bank-foundation-morg_b7c9ac2769d6431a8a1d11aa1c066b0a
BibTeX
@misc{grantable_222624600_2026,
author = {{Grantable}},
title = {{Kennebec Savings Bank Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/kennebec-savings-bank-foundation-morg_b7c9ac2769d6431a8a1d11aa1c066b0a},
note = {Accessed 2026-10-20. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Kennebec Savings Bank Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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