Kennebunk Savings Bank Foundation logo

Kennebunk Savings Bank Foundation

Private foundation · Grantmaker Kennebunk, ME EIN: 01-0547392 Website

Kennebunk Savings Bank Foundation is a private foundation based in Kennebunk, Maine. Its grantmaking includes Kennebunk Savings’ Grants & Sponsorships program, which supports community organizations across several cause areas, and the Huntington Common Charitable Fund, which supports programs for older adults in York County, Maine.

Key facts about Kennebunk Savings Bank Foundation

In short: Kennebunk Savings Bank Foundation gave $690K across 1 grant in 2024 (avg $690K), mostly in Maine. Source: 2024 IRS Form 990-PF.

EIN
01-0547392
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$689,926
Grants made (2024)
1
Average grant
$689,926
Median grant
$689,926
Total assets
$3,805,381
Primary geography
Maine (100% of itemized 2024 grant dollars)
How to apply
The bank’s Grants & Sponsorships program accepts requests on a rolling, year-round basis. Full details ↓

Data from IRS Form 990-PF, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.8M

-10.6% YoY

Annual Giving

$690K

+28.7% YoY

Grant Count

1

-97.4% YoY

Avg Grant Size

$690K

+4920.8% YoY

Under IRS private-foundation payout rules, Kennebunk Savings Bank Foundation reported a distributable amount of $300K for 2024 — the minimum it must pay out in qualifying distributions.

How Kennebunk Savings Bank Foundation gives

  • Giving held roughly steady from 2021 to 2024 (+12%). Method
  • In 2024 it paid out 231% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

No separate foundation mission is stated. The bank’s Grants & Sponsorships program considers requests in five categories: Health and Wellness; Community and Economic Advancement; Arts and Culture; Education and Innovation; and Environment and Animal Welfare. The bank says it considers an organization’s relevance to Community Promise goals, the impact of its services, other private and public support, and community need.

The program supports nonprofit organizations, public schools, and municipalities, according to its program description. Examples of supported work include health and wellness initiatives, libraries and affordable housing, arts and cultural programming, and education and youth programs. The Huntington Common Charitable Fund focuses on programs for older adults in York County, including nutrition, dementia care, therapeutics, and access to the arts; it seeks proposals from 501(c)(3) nonprofit organizations and programs.

Grantmaking

In filing year 2024, the foundation reported $689,926 in grants across one grant. The filing lists the recipient as “See attached statement,” in Kennebunk, Maine, and gives the purpose as “see attached statement.” The foundation’s reported grantmaking in 2023 was $535,913 across 39 grants, and in 2022 was $569,515 across 44 grants. No typical grant size is stated.

Grant Range

is stated.

Review Cycle

are March 31, June 30, September 30, and December 31, with 8–10 weeks allowed for review after a deadline.

Open Grants

2 open opportunities from Kennebunk Savings Bank Foundation

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Geographic Focus

Where this funder awards grants

The Grants & Sponsorships program supports communities in southern York County, Maine, and Strafford and Rockingham Counties in New Hampshire. The Huntington Common Charitable Fund serves older adults in York County, Maine. The 2024 filing reports that 100% of that year’s grant dollars went to Maine.

Grant Distribution by State

2states

Share of the 2024 grant dollars on its one itemized grant.

Cities

SanfordKennebunkPortsmouthPortlandYorkBiddefordDoverKitteryScarboroughSacoSomersworthAuburnHamptonSouth BerwickWellsCape NeddickNorth BerwickRochesterEliotExeter

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K$800K50 grants2020 49 grants2021 44 grants2022 39 grants2023 1 grant2024

From 2020 to 2024, annual grant giving ranged from $536K (2023) to $690K (2024). In 2024 it made 1 grant totaling $690K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

183 grants across all recorded years

175<$50K6$50–100K1$100–250K$250–500K1$500K–1M$1–5M$5M+

The most common grant size was under $50K: 175 grants of 183 (96%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
See Attached Statement See Attached Kennebunk, MEsee attached statement$689,926

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants Grant count
2024 $3,805,381 $274,496 $726,514 $689,926 1
2023 $4,257,399 $767,922 $564,060 $535,913 39
2022 $4,053,537 $1,109,368 $601,311 $569,515 44
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$3,805,381$4,257,399$4,053,537
Revenue$274,496$767,922$1,109,368
Expenses$726,514$564,060$601,311
Qualifying Distributions$693,826$539,294$575,900
Net Investment Income$249,230$423,643$139,033
Distributable Amount$300,414$282,505$259,959

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2024 filing lists Bradford C. Paige and Alexander O. Meagher as PresidentDirectors; Thomas J. Zuke as Treasurer; Maureen A. Flaherty as Executive VP; Elizabeth A. Torrance as Vice President; Lauren Deegan as Community Reinvestment Officer; Patricia J. Wheeler as Secretary; and Milda A. Castner, Matthew L. Chase, and Lori A. Howell as Directors. The bank identifies Liz Torrance as its Social Responsibility Director.

Kennebunk Savings Bank Foundation's 2024 filing lists 20 officers; none of the 20 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Douglas R. Stockbridge

    Director

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Lori A. Howell

    Director

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Matthew L. Chase

    Director

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Milda A. Castner

    Director

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Paul H. Gurney Jr.

    Director

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Stephen H. Roberts

    Director

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Charles F. Wu

    Director

    On filings since 2021

    0.5 hrs/week

    No compensation reported

  • Thomas J. Allen

    Director

    On filings since 2021

    0.5 hrs/week

    No compensation reported

  • John Bosen

    Director

    New on the 2024 filing

    0.5 hrs/week

    No compensation reported

  • Kathleen Torpey Chase

    Director

    New on the 2024 filing

    0.5 hrs/week

    No compensation reported

  • Michael Macleod-Ball

    Director

    New on the 2024 filing

    0.5 hrs/week

    No compensation reported

  • Nichole Raftopoulos

    Director

    New on the 2024 filing

    0.5 hrs/week

    No compensation reported

  • Richard Simonds Jr.

    Director

    New on the 2024 filing

    0.5 hrs/week

    No compensation reported

  • Bradford C. Paige

    Presidentdirector

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Maureen A. Flaherty

    Executive Vice President

    Senior Vice President → Executive Vice President, 2023

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Patricia J. Wheeler

    Secretary

    Clerk → Secretary, 2023

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Thomas J. Zuke

    Treasurer

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Elizabeth A. Torrance

    Vice President

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Alexander O. Meagher

    Presidentdirector

    Executive Vice President → Presidentdirector, 2024

    On filings since 2023

    0.5 hrs/week

    No compensation reported

  • Lauren Deegan

    Committee Reinv Officer

    On filings since 2023

    0.5 hrs/week

    No compensation reported

Former officers (5)
  • Former: Dennis D. Byrd (2020–2022) — Executive Vice President
  • Former: Geoffrey Titherington (2020–2021) — Director
  • Former: Stephen A. Morris (2020–2021) — Director
  • Former: Alan Brown (2020) — Vice President
  • Former: James J. Keating III (2020) — Director

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Contact

Application contact: Elizabeth Torrance
Mailing address: 7 Alewive Park Road, Kennebunk, ME 04043
Phone: (800) 339-6573
Website: https://kennebunksavings.com

Frequently asked questions about Kennebunk Savings Bank Foundation

How much does Kennebunk Savings Bank Foundation give each year?

Kennebunk Savings Bank Foundation gave $690K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $536K across 39 grants.

How large is Kennebunk Savings Bank Foundation?

Kennebunk Savings Bank Foundation reported $3.8M in total assets on its 2024 IRS Form 990-PF. It paid out $694K in qualifying distributions that year, against a required minimum of $300K (roughly 5% of its investment assets).

What does Kennebunk Savings Bank Foundation fund?

No separate foundation mission is stated. The bank’s Grants & Sponsorships program considers requests in five categories: Health and Wellness; Community and Economic Advancement; Arts and Culture; Education and Innovation; and Environment and Animal Welfare. See mission & focus areas ↑

How do I apply for a grant from Kennebunk Savings Bank Foundation?

The bank’s Grants & Sponsorships program accepts requests on a rolling, year-round basis. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

Where does Kennebunk Savings Bank Foundation make grants?

The Grants & Sponsorships program supports communities in southern York County, Maine, and Strafford and Rockingham Counties in New Hampshire. The Huntington Common Charitable Fund serves older adults in York County, Maine. The 2024 filing reports that 100% of that year’s grant dollars went to Maine.

What is Kennebunk Savings Bank Foundation's EIN?

Kennebunk Savings Bank Foundation's EIN (Employer Identification Number) is 01-0547392. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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