Kennebunk Savings Bank Foundation
Kennebunk Savings Bank Foundation is a corporate foundation based in Kennebunk, Maine, serving as the philanthropic arm of Kennebunk Savings Bank. Established in 2001, the foundation supports a broad range of charitable causes across Southern Maine and Seacoast New Hampshire. The bank, founded in 1871, contributes at least 10 percent of its annual earnings to local charitable groups and encourages employee volunteerism.
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
Mission & Focus Areas
The foundation aims to "enhance our communities and improve quality of life for the people within them." It awards grants and sponsorships across five primary program areas:
- Health and Wellness — Community organizations and programs promoting mind, body, and financial wellness, including hospitals, community health centers, nutrition programs, and wellness initiatives
- Community and Economic Advancement — Community spaces and programs creating access to resources for all community members
- Arts and Culture — Arts and cultural programming
- Education and Innovation — Educational initiatives and innovative programs
- Environment and Animal Welfare — Conservation, wildlife protection, and animal welfare programs
The foundation also supports civic affairs and services for senior citizens.
Grantmaking
The foundation awards grants and sponsorships on a rolling, year-round basis. Typical grant awards range from $1,000 to $100,000. In 2024, the foundation made 39 grants with total giving of $689,926.
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Geographic Focus
Where this funder awards grants
The foundation serves Southern Maine and Seacoast New Hampshire, with company operations in:
Maine: Berwick, Biddeford, Eliot, Kennebunk, Kittery, North Berwick, Ogunquit, Sanford, Springvale, Wells, York
New Hampshire: Dover, Hampton, Newmarket, Portsmouth, Stratham
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2024:
- Total assets: $3,805,381
- Total revenues: $274,496
- Total expenses: $726,514
- Investment income and dividends: $134,394
- Net gain from sale of non-inventory assets: $140,102
As of December 31, 2023:
- Total assets: (included in 2024 comparison)
- Total revenues: $767,922
- Total grants, contributions: $321,413
- Investment income and dividends: $117,426
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
183 grants across all recorded years
Open Grants
2 open opportunities from Kennebunk Savings Bank Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Liz Torrance — Social Responsibility Director at Kennebunk Savings Bank
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRADFORD C PAIGE | PresidentDirector | 0.5 | — |
| ALEXANDER O MEAGHER | PresidentDirector | 0.5 | — |
| THOMAS J ZUKE | Treasurer | 0.5 | — |
| MAUREEN A FLAHERTY | Executive VP | 0.5 | — |
| ELIZABETH A TORRANCE | Vice President | 2 | — |
| LAUREN DEEGAN | Comm Reinv Officer | 0.5 | — |
| PATRICIA J WHEELER | Secretary | 0.5 | — |
| MILDA A CASTNER | Director | 0.5 | — |
| MATTHEW L CHASE | Director | 0.5 | — |
| LORI A HOWELL | Director | 0.5 | — |
| DOUGLAS R STOCKBRIDGE | Director | 0.5 | — |
| STEPHEN H ROBERTS | Director | 0.5 | — |
| PAUL H GURNEY JR | Director | 0.5 | — |
| THOMAS J ALLEN | Director | 0.5 | — |
| CHARLES F WU | Director | 0.5 | — |
| JOHN BOSEN | Director | 0.5 | — |
| MICHAEL MACLEOD-BALL | Director | 0.5 | — |
| NICHOLE RAFTOPOULOS | Director | 0.5 | — |
| KATHLEEN TORPEY CHASE | Director | 0.5 | — |
| RICHARD SIMONDS JR | Director | 0.5 | — |
Recent News & Activity
Recent developments and announcements
The Spotlight Fund celebrated its 10th year in 2026 with a $150,000 donation to First County Foundation for a Recovery Center in Alfred, Maine. The center will provide 24/7 compassionate, individualized care for adults in York County with substance use disorder, with a focus on trauma-informed care and holistic healing.
The Huntington Common Charitable Fund continues to support aging-focused initiatives in York County, with recent grants supporting kitchen renovations at senior centers, food pantries, enrichment activities, and cultural outreach programs for older adults.
Kennebunk Savings Foundation\u2019s Huntington Common Charitable Fund Approaches\The foundation announced plans to transition to a new grantee and applicant experience in February 2026, with an updated application portal requiring new account creation.
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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