Main Street Foundation Inc

RAYMOND, ME EIN: 06-6076249

Main Street Foundation Inc is a private foundation, based in RAYMOND, ME. IRS filing data is available for 2020. In 2020, it awarded 6 grants totaling $2.0M. Net investment income was $5K.

Financial Overview

From 2020 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$2.0M

Grant Count

Avg Grant Size

$330K

Under IRS private-foundation payout rules, Main Street Foundation Inc reported a distributable amount of $100K for 2020 — the minimum it must pay out in qualifying distributions.

About Main Street Foundation Inc

Based on IRS filings

Main Street Foundation Inc is a private foundation, based in RAYMOND, ME. IRS filing data is available for 2020. In 2020, it awarded 6 grants totaling $2.0M. Net investment income was $5K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $988K (50%)

Vermont $495K (25%)

New Jersey $494K (25%)

Maine $740 (0%)

States

Maine New Jersey New York Vermont

Cities

MiddlesexNew YorkPurchaseRandolphSouth PortlandWoodbridge

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2020
Total Assets	—
Revenue	$-1,040
Expenses	$2,101,415
Qualifying Distributions	—
Net Investment Income	$4,700
Distributable Amount	$99,884

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2020

Grant Size Distribution

6 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2020 grants, the largest include Morgan Stanley Global Impact Funding Trust Inc (the Bright Star Donor Fund) ($494,104), Fidelity Investment Charitable Giving Fd (stetson Family Daf) ($494,104), The Bessemer Giving Fund (kiva Fund Dfa) ($494,104).

Recipient	Purpose	Amount
MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC (THE BRIGHT STAR DONOR FUND) PURCHASE, NY	TO PROMOTE THE GOALS OF THE ORGANIZATION	$494,104
FIDELITY INVESTMENT CHARITABLE GIVING FD (STETSON FAMILY DAF) NEW YORK, NY	TO PROMOTE THE GOALS OF THE ORGANIZATION	$494,104
THE BESSEMER GIVING FUND (KIVA FUND DFA) WOODBRIDGE, NJ	TO PROMOTE THE GOALS OF THE ORGANIZATION	$494,104
SCHWAB CHARITABLE FUND (STETSON YOVU FUND DAF) MIDDLESEX, VT	TO PROMOTE THE GOALS OF THE ORGANIZATION	$494,104
SMCC FOUNDATION SOUTH PORTLAND, ME	TO PROMOTE THE GOALS OF THE ORGANIZATION	$740
CAPSTONE COMMUNI ARC RANDOLPH, VT	TO PROMOTE THE GOALS OF THE ORGANIZATION	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2020 IRS filing

From 2020 filing

Name	Title	Hours	Compensation
JOHN H STETSON	PRESIDENT	—	—
EDITH STETSON YOVU	SECRETARY	—	—

Frequently Asked Questions

Where does Main Street Foundation Inc operate?

Main Street Foundation Inc has awarded grants in Maine, New Jersey, New York, Vermont.

What size grants does Main Street Foundation Inc award?

In 2020, Main Street Foundation Inc awarded 6 grants totaling $2.0M — an average of about $330K per grant, based on its IRS Form 990 filings.

How much is Main Street Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2020, Main Street Foundation Inc reported a distributable amount of $100K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.