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
Under IRS private-foundation payout rules, Mascoma Bank Foundation reported a distributable amount of $438K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Friends of the Northern Rail Trail ($1,500), United Church of Chelsea ($1,500), New Hampshire Humanities ($1,500).
| Recipient | Purpose | Amount |
|---|---|---|
| AVANT VERMONT DANCE WEATHERSFIELD, VT | SEASONS: SPRING | $500 |
| BROOKFIELD COMMUNITY PARTNERSHIP BROOKFIELD, VT | 2024 COMMUNITY EVENTS | $500 |
| FRANCES C RICHMOND MIDDLE SCHOOL HANOVER, NH | CULTURAL TRIP | $500 |
| GRAFTON COUNTY SENIOR CITIZENS COUNCIL LITTLETON, NH | 2024 HOME DELIVERED MEALS | $500 |
| GRANITE STATE FLASH ENFIELD, NH | YOUTH RUNNING | $500 |
| LADIES BENEVOLENT SOCIETY OF GRAFTON GRAFTON, NH | HOLIDAY BASKES | $500 |
| MASCOMA BABE RUTH BASEBALL ENFIELD, NH | OPERATING SUPPORT | $500 |
| STRAFFORD TOWNREC DEPT SOUTH STRAFFORD, VT | BASEBALL | $500 |
| WALPOLE PARENT TEACHER GROUP WALPOLE, NH | FALL FUNDRAISER | $500 |
| SPORTS ENHANCEMENT PROGRAM SPRINGFIELD, VT | SPORTS ENHANCEMENT FOR LIFE | $1,000 |
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 inSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Mascoma Bank Foundation fund?
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 organizati…
How do I apply for a grant from Mascoma Bank Foundation?
**Grant Amounts:** Applications are accepted for donation requests ranging from $5,000 to $25,000. Projects generally have a minimum budget size of $25,000 or more. **Recent Activity:** In the last two years, the Mascoma Bank Foundation has awarded over $850,000 to 70 organizations. Recent grantees include Vermont Community Loan Fund ($50,000), Upper Valley Haven ($25,000), and Avesta Housing Development Corporation ($25,000). **Application Process:** Proposals are considered four times per yea…
Where does Mascoma Bank Foundation make 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
What size grants does Mascoma Bank Foundation award?
In 2024, Mascoma Bank Foundation awarded 206 grants totaling $837K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Mascoma Bank Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mascoma Bank Foundation reported a distributable amount of $438K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mascoma Bank Foundation's EIN?
Mascoma Bank Foundation's EIN (Employer Identification Number) is 22-2816632. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mascoma Bank Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
New Hampshire Charitable Foundation
CONCORD, NH
Assets
$1.2B
Grants
949
Total Given
$59.7M
The Vermont Community Foundation
MIDDLEBURY, VT
Assets
$370.6M
Grants
728
Total Given
$46.3M
The Couch Family Foundation
HANOVER, NH
Assets
$123.4M
Grants
106
Total Given
$6.1M
Vanguard Charitable Endowment Program
SOUTHEASTERN, PA
Assets
$22.2B
Grants
24,269
Total Given
$3.0B
Td Charitable Foundation
PORTLAND, ME
Assets
$9.0M
Grants
1,078
Total Given
$24.3M
Claremont Savings Bank Foundation
CLAREMONT, NH
Assets
$2.1M
Grants
66
Total Given
$125K
Ben & Jerry's Foundation Inc
SOUTH BURLINGTON, VT
Assets
$9.2M
Grants
448
Total Given
$4.2M
Mary Hitchcock Memorial Hospital
LEBANON, NH
Assets
$2.3B
Grants
95
Total Given
$8.0M
Agnes M Lindsay Trust
CHELMSFORD, MA
Assets
$36.9M
Grants
316
Total Given
$1.1M
National Life Group Charitable
MONTPELIER, VT
Assets
$27.4M
Grants
757
Total Given
$2.7M
Morgan Stanley Global Impact Funding Trust Inc
INDIANAPOLIS, IN
Assets
$9.1B
Grants
19,253
Total Given
$1.2B
Hypertherm Hope Foundation Inc
HANOVER, NH
Assets
$455K
Grants
37
Total Given
$710K
Data last updated June 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
Go from researching Mascoma Bank Foundation to a real strategy.