Machias Savings Bank Community
Machias Savings Bank Community is a private foundation based in Machias, Maine. Its giving supports community organizations and projects, with the bank describing its mission as improving financial health for people, businesses, and communities.
Machias Savings Bank Community at a glance
In short: Machias Savings Bank Community gave $205K across 27 grants in 2025 (avg $8K), mostly in Maine. 48% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $205,000
- +1.2% vs 2024
- Grants made (2025)
- 27
- +0.0% vs 2024
- Average grant
- $7,593
- +1.2% vs 2024
- Median grant
- $5,000
- Total assets
- $4,225,546
- +7.2% vs 2024
- New grantees (estimate)
- 48% first-time grantees (13 of 27, 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 Machias Savings Bank Community
- Accepts unsolicited proposals
- Yes
- How to Apply
-
The foundation accepts unsolicited requests through the bank’s website. Applicants are asked to provide a project narrative, grant budget, letter of support, and copy of their 501(c)(3) exemption letter. The foundation says it makes grants to qualified 501(c)(3) organizations and generally limits awards to organizations operating in the bank’s service area. Religious or political organizations are generally excluded, except for programming addressing food insecurity or advancing financial health. Other stated exclusions include individuals, parties or events, athletic or travel sponsorships, research or publication, and construction or improvement of parks and playgrounds. The bank also offers separate donation and grant application opportunities.
- Review Cycle
- For donation requests, applicants are advised to allow 30 days; the giving committee meets monthly. The Community Development Grant application period is April 13 through May 22, and Workforce Development Grant applications are accepted October 1–31.
- Deadline
- For donation requests, applicants are advised to allow 30 days; the giving committee meets monthly.
- Contact
Application contact: Melissa Moffett Denbow Community Ex
Mailing address: PO Box 318, Machias, ME 04654
Phone: (207) 255-9266
Email: mdenbow@machiassavings.com
Website: https://machiassavings.bank
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Machias Savings Bank Community funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Maine Lobstermen's Community Alliance ($50K). Together the top 10 received $150K.
Grant Size Distribution
129 grants across all recorded years
The most common grant size was under $50K: 126 grants of 129 (98%).
Geographic Focus
Where this funder awards grants
All 2025 grant dollars went to recipients in Maine. The bank describes its service area as extending across Maine and into New Hampshire, and its Community Development and Workforce Development grant guidelines specify that projects must be located in or serve its primary lending area, which includes at least the areas where the bank has a location.
Grant Distribution by State
Share of 2025 grant dollars across all 27 itemized grants.
States
Cities
Is Machias Savings Bank Community open to new grantees?
48%
first-time grantees, 2025
In 2025, 13 of 27 grantees (48%) were first-time recipients. First grants averaged $5K; repeat grants $10K. How we count
Medians: $3K first-time, $5K repeat.
- 30% of 2025 grantees were also funded in 2024. Method
- Giving grew 28% from 2022 to 2025. Method
- In 2025 it paid out 78% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). 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 2020 to 2025, annual grant giving ranged from $133K (2021) to $500K (2020). In 2025 it made 27 grants totaling $205K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Maine Lobstermen's Community Alliance Kennebunk, ME | Program Support Grant | $50,000 |
| Jobs For Maine Graduates Inc Augusta, ME | Program Support Grant | $25,000 |
| Penquis CAP Inc Bangor, ME | Program Support Grant | $20,000 |
| Homeless Services of Aroostook Presque Isle, ME | Program Support Grant | $10,000 |
| Lift All Boats Portland, ME | Program Support Grant | $10,000 |
| Olympia Snowe Women's Leadership Institute Portland, ME | Program Support Grant | $10,000 |
| Town of Machias Machias, ME | Program Support Grant | $10,000 |
| Avesta Housing Development Corporation Portland, ME | Program Support Grant | $5,000 |
| Families First Community Center Ellsworth, ME | Program Support Grant | $5,000 |
| Information Technology Exchange Give IT Get IT Searsport, ME | Program Support Grant | $5,000 |
Ready to take the next step with Machias Savings Bank Community?
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 | $4,225,546 | $514,019 | $231,125 | $205,000 | 27 | $205,900 | $506,128 | $262,384 |
| 2024 | $3,942,418 | $750,066 | $212,801 | $202,640 | 27 | $203,465 | $741,123 | $229,679 |
| 2023 | $3,404,153 | $253,476 | $249,466 | $242,750 | 35 | $243,325 | $247,335 | $197,887 |
| 2022 | $3,401,143 | $-23,824 | $164,866 | $159,800 | 22 | $160,300 | $49,877 | $202,049 |
| 2021 | $3,589,833 | $319,609 | $150,334 | $132,666 | 18 | $133,266 | $316,345 | $217,072 |
| 2020 | $3,420,558 | $855,965 | $500,375 | $499,500 | 70 | — | $855,690 | $179,665 |
Under IRS private-foundation payout rules, Machias Savings Bank Community reported a distributable amount of $262K 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
The bank’s stated mission is to improve financial health—one person, one business, and one community at a time. Its giving priorities include financial health; food, housing, and healthcare; low- to moderate-income programming; workforce development; entrepreneurship; broadband connectivity; childcare; and youth programming.
Its 2025 grants included organizations whose own missions address poverty, housing, and education. Penquis CAP says it works to help individuals and families prevent, reduce, or eliminate poverty and to engage the community in addressing economic and social needs. Homeless Services of Aroostook describes its work as providing temporary housing and counseling for people experiencing homelessness in Northern Maine. Rural Aspirations Project says it expands educational opportunities that develop community and stimulate students’ and teachers’ curiosity.
Grantmaking
The foundation reported 27 grants totaling $205,000 in 2025, compared with 27 grants totaling $202,640 in 2024 and 35 grants totaling $242,750 in 2023. In the 2025 itemized grants, awards ranged from $2,500 to $50,000, with a median of $5,000. The bank’s giving guidelines describe grant awards generally as $1,000–$5,000.
Among the largest 2025 grants were $50,000 to Maine Lobstermen’s Community Alliance, $25,000 to Jobs For Maine Graduates, $20,000 to Penquis CAP, and $10,000 each to Homeless Services of Aroostook, Lift All Boats, Olympia Snowe Women’s Leadership Institute, and the Town of Machias. These were listed as program support grants.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Lawrence L. Barker as Director, President, and Treasurer. Directors listed are Telford Allen III, LuAnn Ballesteros, Chris Fitzpatrick, Robert W. Foster, Brent K. Hartley, Zachary Means, Donald E. Reynolds, and Oliver Smith. Matthew J. Walsh is listed as Treasurer through October 2025.
Machias Savings Bank Community is led by Lawrence L Barker, Director, President & Treasurer since 2025 (on filings since 2020); none of the 11 officers listed in 2025 report compensation.
Officers on the 2025 filing
Lawrence L Barker
Director, President & Treasurer
Director & President → Director, President & Treasurer, 2025
On filings since 2020
0.2 hrs/week
No compensation reported
Brent K Hartley
Director
On filings since 2020
0.2 hrs/week
No compensation reported
Donald E Reynolds
Director
On filings since 2020
0.2 hrs/week
No compensation reported
LuAnn Ballesteros
Director
On filings since 2020
0.2 hrs/week
No compensation reported
Oliver Smith
Director
On filings since 2020
0.2 hrs/week
No compensation reported
Robert W Foster
Director
On filings since 2020
0.2 hrs/week
No compensation reported
Telford Allen III
Director
On filings since 2020
0.2 hrs/week
No compensation reported
Zachary Means
Director
On filings since 2020
0.2 hrs/week
No compensation reported
Chris Fitzpatrick
Director
On filings since 2023
0.2 hrs/week
No compensation reported
Matthew J Walsh
Treasurer
On filings since 2020
0.2 hrs/week
No compensation reported
Nathan J Martell
Secretary
On filings since 2020
0.2 hrs/week
No compensation reported
Former officers (2)
- Former: Christian A Lyford (2020–2024) — Vice President
- Former: Edward L Hennessey Jr. (2020) — Director & President
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.
Frequently asked questions about Machias Savings Bank Community
How much does Machias Savings Bank Community give each year?
Machias Savings Bank Community gave $205K across 27 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $203K across 27 grants.
What is Machias Savings Bank Community's typical grant size?
Machias Savings Bank Community's median grant in 2025 was $5,000, and its average grant was $7,593, across 27 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Machias Savings Bank Community that year got $5K on average.
Where does Machias Savings Bank Community give grants?
Machias Savings Bank Community 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 Portland, ME (6 grants), Bangor, ME (5 grants), Ellsworth, ME (3 grants) and Presque Isle, ME (2 grants).
Does Machias Savings Bank Community give general operating support?
Not in 2025: none of the 27 grants with a stated purpose on Machias Savings Bank Community's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program Support Grant" (27 grants).
Who are Machias Savings Bank Community's largest grantees?
Machias Savings Bank Community's largest 2025 grantees include Maine Lobstermen's Community Alliance ($50,000), Jobs For Maine Graduates Inc ($25,000) and Penquis CAP Inc ($20,000), according to its 2025 IRS Form 990-PF. Together they received 46% of its itemized 2025 grant dollars.
How large is Machias Savings Bank Community?
Machias Savings Bank Community reported $4.2M in total assets on its 2025 IRS Form 990-PF. It paid out $206K in qualifying distributions that year, against a required minimum of $262K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Machias Savings Bank Community fund?
The bank’s stated mission is to improve financial health—one person, one business, and one community at a time. See mission & focus areas ↑
How do I apply for a grant from Machias Savings Bank Community?
The foundation accepts unsolicited requests through the bank’s website. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Machias Savings Bank Community's EIN?
Machias Savings Bank Community's EIN (Employer Identification Number) is 01-0514175. IRS Form 990 filing data is available on this page for 2020–2025.
Does Machias Savings Bank Community accept unsolicited proposals?
Yes, 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
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 9, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 17, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 1, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 14, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 16, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work Machias Savings Bank Community funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Machias Savings Bank Community's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
John T Gorman Foundation
Portland, ME
The John T. Gorman Foundation funds nonprofits and government-affiliated entities working to improve child and family well-being and meet essential needs, especially for people experiencing poverty in Maine. In 2024, grants ranged from $500 to $345,000, with a median award of $20,250. It generally does not accept unsolicited proposals; most foundation-initiated grants are by invitation, though organizations may contact the Foundation with an aligned idea.
Assets
$223.5M
Grants
154
Total Given
$7.5M
Bangor Savings Bank Foundation
Bangor, ME
The Bangor Savings Bank Foundation supports arts and culture, economic and workforce development, education, health and wellness, and social and community services, including affordable housing and health care. It focuses on Maine, New Hampshire, and Essex County, Massachusetts; 2025 grants ranged from $1,000 to $50,000, with a median of $4,750. It accepts applications through an online portal, with applications reviewed twice a year.
Assets
$7.0M
Grants
156
Total Given
$1.2M
Fisher Charitable Foundation
Portland, ME
The foundation supports 501(c)(3) charitable organizations and projects that address community needs or improve quality of life, generally in Maine. Its 2025 grants ranged from $1,000 to $25,000, with a median of $5,000. It accepts mailed applications on set quarterly deadlines; electronic submissions are not accepted.
Assets
$2.5M
Grants
107
Total Given
$546K
Heart of Maine United Way
Bangor, ME
Heart of Maine United Way funds health and human services addressing basic needs, substance use disorder, and early childhood development across six Maine counties. Recent grants had a median of $17,000; its main program offers annual grants of $2,500–$50,000, with a larger collaborative award of $85,000 annually.
Assets
$7.4M
Grants
37
Total Given
$863K
Simmons Foundation - PerkinsThompson
Portland, ME
The foundation supports Maine-serving nonprofits and government agencies with charitable, educational, health, community, and self-sufficiency projects, especially innovative efforts and seed funding for underserved populations. Recent grants ranged from $500 to $10,000, with a median of $2,500. It accepts requests from eligible organizations; the profile states no deadlines in its 2024 filing, though its website lists meeting dates.
Assets
$3.6M
Grants
68
Total Given
$180K
Maine Community Foundation Inc
Ellsworth, ME
Maine Community Foundation supports nonprofits and communities in Maine through grants for areas such as community building, arts, land and water, housing, and equity, as well as scholarships. Its 2024 grants had a median amount of $17,500, though awards varied widely. The profile describes online applications for competitive grants but does not state whether unsolicited requests are accepted.
Assets
$807.6M
Grants
1,161
Total Given
$57.6M
More similar funders
More Funders in Maine
Cite this profile
Grantable. (2026). Machias Savings Bank Community funder profile. GrantGraph. Retrieved October 22, 2026, from https://grantable.co/funders/machias-savings-bank-community-morg_152e6057b36248cd9b8cf33789ea99fc
BibTeX
@misc{grantable_010514175_2026,
author = {{Grantable}},
title = {{Machias Savings Bank Community funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/machias-savings-bank-community-morg_152e6057b36248cd9b8cf33789ea99fc},
note = {Accessed 2026-10-22. 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 Machias Savings Bank Community'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.
Machias Savings Bank Community down — hundreds of funders to go?