Margaret J S Kennedy Trust
Margaret J S Kennedy Trust is a private foundation, based in Portland, ME. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $363K in total assets. In 2026, it awarded 5 grants totaling $9K. Net investment income was $31K.
Margaret J S Kennedy Trust at a glance
In short: Margaret J S Kennedy Trust gave $9K across 5 grants in 2026 (avg $2K), mostly in Maine. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $9,000
- -14.3% vs 2025
- Grants made (2026)
- 5
- +0.0% vs 2025
- Average grant
- $1,800
- -14.3% vs 2025
- Median grant
- $1,500
- Total assets
- $363,435
- +5.6% vs 2025
- Primary geography
- Maine (83% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who Margaret J S Kennedy Trust funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2026
The largest 2026 recipient was Maine Maritime Academy ($3K). Together the top 4 received $8K.
Organizations only. It also paid 1 individual scholarship ($1,500), which are not listed by name.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 25 grants of 25 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 5 itemized grants.
Cities
How Margaret J S Kennedy Trust gives
- Giving fell 59% from 2023 to 2026. Method
- In 2026 it paid out 58% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2026, annual grant giving ranged from $9K (2026) to $22K (2023). In 2026 it made 5 grants totaling $9K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Maine Maritime Academy Castine, ME | Scholarship | $3,000 |
| University of Southern Maine Portland, ME | Scholarship | $1,500 |
| Rochester Institute of Technology Rochester, NY | Scholarship | $1,500 |
| Thomas College Waterville, ME | Scholarship | $1,500 |
| 1 individual scholarship Recipients not named | — | $1,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $363,435 | $36,584 | $17,467 | $9,000 | 5 | $12,362 | $31,479 | $21,152 |
| 2025 | $344,318 | $29,346 | $18,683 | $10,500 | 5 | $13,704 | $24,367 | $19,920 |
| 2024 | $333,655 | $13,907 | $26,414 | $20,000 | 5 | $22,940 | $8,458 | $18,227 |
| 2023 | $342,865 | $-7,062 | $30,950 | $22,000 | 4 | $24,883 | $3,945 | $17,677 |
| 2022 | $380,996 | $74,338 | $22,758 | $15,001 | 6 | $18,414 | $69,979 | $20,699 |
| 2021 | $365,304 | $24,735 | $21,796 | $15,000 | 8 | — | $21,242 | $23,232 |
Under IRS private-foundation payout rules, Margaret J S Kennedy Trust reported a distributable amount of $21K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Margaret J S Kennedy Trust's only listed officer is Portland Trust Company, Trustee on every filing since 2025 (compensated).
Officers on the 2026 filing
Portland Trust Company
Trustee
On filings since 2025
1 hr/week
$2K (2025) → $6K (2026)
Former officers (1)
- Former: Bank Of America (2021–2024) — Trustee
Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $6K, to Portland Trust Company (Trustee).
Frequently asked questions about Margaret J S Kennedy Trust
How much does Margaret J S Kennedy Trust give each year?
Margaret J S Kennedy Trust gave $9K across 5 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $11K across 5 grants.
What is Margaret J S Kennedy Trust's typical grant size?
Margaret J S Kennedy Trust's median grant in 2026 was $1,500, and its average grant was $1,800, across 5 grants on its 2026 IRS Form 990-PF.
Where does Margaret J S Kennedy Trust give grants?
Margaret J S Kennedy Trust gives mostly in Maine: 83% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The next largest state was New York (17%).
Does Margaret J S Kennedy Trust give general operating support?
Not in 2026: none of the 5 grants with a stated purpose on Margaret J S Kennedy Trust's 2026 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (5 grants).
Who are Margaret J S Kennedy Trust's largest grantees?
Margaret J S Kennedy Trust's largest 2026 grantees include Maine Maritime Academy ($3,000), University of Southern Maine ($1,500) and Rochester Institute of Technology ($1,500), according to its 2026 IRS Form 990-PF. It also paid 1 individual scholarship ($1,500), which are not listed by name. Together they received 67% of its itemized 2026 grant dollars.
How large is Margaret J S Kennedy Trust?
Margaret J S Kennedy Trust reported $363K in total assets on its 2026 IRS Form 990-PF. It paid out $12K in qualifying distributions that year, against a required minimum of $21K (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 is Margaret J S Kennedy Trust's EIN?
Margaret J S Kennedy Trust's EIN (Employer Identification Number) is 01-6027394. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS July 2, 2026)
- IRS filings on file for fiscal years 2021–2025
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