Mascoma Bank Foundation
The Mascoma Bank Foundation is a corporate foundation established in 1988 as the grantmaking arm of Mascoma Bank. Based in Lebanon, New Hampshire, the foundation was created to give back to the communities served by Mascoma Bank. To date, the foundation has awarded over $7 million in grants to local not-for-profit organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.7M
+0.6% YoY
Annual Giving
$837K
+96.0% YoY
Grant Count
206
+390.5% YoY
Avg Grant Size
$4K
-60.0% YoY
Mission & Focus Areas
The foundation provides capital funding to not-for-profit organizations within Mascoma Bank's market area that will contribute to the long-term benefit of their communities. The foundation is especially interested in requests or projects that:
- Significantly impact the organization's long-term future, thereby contributing to the foundation's long-term commitment to create positive change in communities
- Substantially increase the capacity, long-term viability, and resilience of the organization
Primary funding areas include:
- Arts and culture
- Education
- Children and youth
- Housing
- Parks and recreation
- Human services
Typical projects include facility and infrastructure improvements, new construction, capital campaigns, and capital items outside normal operating budgets.
Grantmaking
How to Apply
** Proposals are considered four times per year. An organization receiving funds from the foundation is eligible to submit a new application if at least 24 months have passed since they received a previous donation.
Ready to take the next step with Mascoma Bank Foundation?
Geographic Focus
Where this funder awards grants
The foundation serves Mascoma Bank's market area, which includes:
- The Connecticut River Valley of Vermont and New Hampshire from Keene to Lancaster
- The I-89 corridor from Burlington to New London
- Portland, Maine
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $6,745,057 (as of 2024)
Annual Giving:
- Total giving: $836,868 (2024)
- Over $1 million donated annually by Mascoma Bank and the foundation combined to hundreds of area organizations
Revenues: $939,775 (2024)
Expenses: $895,986 (2024)
Grant Activity: Made 42 grants in the most recent year, with 144 total grants totaling approximately $692,000 documented in recent filings.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,745,057 | $6,705,521 | $6,414,862 |
| Revenue | $939,775 | $769,992 | $516,886 |
| Expenses | $895,986 | $470,239 | $498,335 |
| Qualifying Distributions | $836,868 | $426,950 | $436,365 |
| Net Investment Income | $723,872 | $402,649 | $99,111 |
| Distributable Amount | $437,849 | $409,230 | $420,546 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
225 grants across all recorded years
Open Grants
2 open opportunities from Mascoma Bank Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CATHERINE RICHMOND | TRUSTEE | 1 | — |
| FRANK LEIBLY | TRUSTEE | 1 | — |
| MERRITT PATRIDGE | CHAIR | 1 | — |
| DEIRDRE GOODRICH | TRUSTEE | 1 | — |
| DANIEL MCGEE | TRUSTEE | 1 | — |
Recent News & Activity
Recent developments and announcements
Mascoma Bank awarded a grant to support animal welfare services. The foundation continues to support organizations across its service area, with recent grants supporting affordable housing initiatives, food security programs, and community development efforts.
Bristol County Savings Bank's Foundation Awards $2.8 million in Grants inData last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Mascoma Bank Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities