Lela H Thornburg Trust Goodall Lib
Lela H Thornburg Trust Goodall Lib is a private foundation, based in Portland, ME. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $379K in total assets. In 2025, it awarded 1 grant totaling $25K. Net investment income was $60K.
Lela H Thornburg Trust Goodall Lib at a glance
In short: Lela H Thornburg Trust Goodall Lib gave $25K across 1 grant in 2025 (avg $25K), mostly in Maine. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $25,132
- +23.7% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $25,132
- +23.7% vs 2024
- Median grant
- $25,132
- Total assets
- $378,677
- +9.7% 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 Lela H Thornburg Trust Goodall Lib funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Sanford Library Association Director ($25K).
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 Lela H Thornburg Trust Goodall Lib gives
- Giving grew 32% from 2022 to 2025. Method
- In 2025 it paid out 103% 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 2021 to 2025, annual grant giving ranged from $17K (2021) to $25K (2025). In 2025 it made 1 grant totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sanford Library Association Director Sanford, ME | General Purposes | $25,132 |
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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 | $378,677 | $61,260 | $26,653 | $25,132 | 1 | $25,654 | $60,495 | $24,962 |
| 2024 | $345,238 | $13,601 | $20,611 | $20,325 | 1 | $20,397 | $13,386 | $23,411 |
| 2023 | $351,051 | $10,726 | $22,836 | $20,859 | 1 | $21,146 | $9,866 | $20,553 |
| 2022 | $363,245 | $46,768 | $21,081 | $18,970 | 1 | $19,427 | $45,926 | $21,746 |
| 2021 | $337,551 | $32,994 | $18,126 | $16,727 | 1 | — | $32,200 | $21,284 |
Under IRS private-foundation payout rules, Lela H Thornburg Trust Goodall Lib reported a distributable amount of $25K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lela H Thornburg Trust Goodall Lib is led by H. M. Payson & Co, Trustee on every filing since 2021 — the only officer listed, and compensated.
Officers on the 2025 filing
H. M. Payson & Co
Trustee
On filings since 2021
1 hr/week
$532 (2021) → $487 (2025)
Data from IRS Form 990 filings, 2021–2025. "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 $487, to H M Payson & CO (Trustee).
Frequently asked questions about Lela H Thornburg Trust Goodall Lib
How much does Lela H Thornburg Trust Goodall Lib give each year?
Lela H Thornburg Trust Goodall Lib gave $25K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $20K across 1 grant.
How large is Lela H Thornburg Trust Goodall Lib?
Lela H Thornburg Trust Goodall Lib reported $379K in total assets on its 2025 IRS Form 990-PF. It paid out $26K in qualifying distributions that year, against a required minimum of $25K (roughly 5% of its investment assets).
Where does Lela H Thornburg Trust Goodall Lib operate?
Lela H Thornburg Trust Goodall Lib has awarded grants in Maine.
What is Lela H Thornburg Trust Goodall Lib's EIN?
Lela H Thornburg Trust Goodall Lib's EIN (Employer Identification Number) is 01-6011398. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 14, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 30, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 30, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 21, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS October 29, 2025)
- IRS filings on file for fiscal years 2021–2025
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