Portland Provident Association
Portland Provident Association is a private foundation, based in Portland, ME. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 42 grants totaling $104K. Net investment income was $103K.
Key facts about Portland Provident Association
- EIN
- 01-6012457
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $103,500
- Grants made (2024)
- 42
- Average grant
- $2,464
- Median grant
- $2,000
- New grantees (estimate)
- 17% first-time grantees (7 of 42, 2024)
- Total assets
- $2,182,551
- Primary geography
- Maine (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Portland Provident Association funds
By grant dollars, the top recipient states for Portland Provident Association's 42 itemized 2024 grants were Maine (100%). The most frequent recipient cities were Portland, ME (31 grants), South Portland, ME (3 grants), Scarborough, ME (3 grants) and Westbrook, ME (2 grants). None of its 42 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable" (42 grants).
Is Portland Provident Association open to new grantees?
17%
first-time grantees, 2024
In 2024, 7 of 42 grantees (17%) were first-time recipients. First grants averaged $2K; repeat grants $3K. How we count
Medians: $1K first-time, $2K repeat.
- 83% of 2024 grantees were also funded in 2023. Method
- Giving grew 28% from 2021 to 2024. Method
- In 2024 it paid out 104% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2021–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Portland Provident Association
- How to evaluate Portland Provident Association as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.2M
+12.6% YoY
Annual Giving
$104K
+12.5% YoY
Grant Count
42
-6.7% YoY
Avg Grant Size
$2K
+20.5% YoY
Under IRS private-foundation payout rules, Portland Provident Association reported a distributable amount of $100K for 2024 — the minimum it must pay out in qualifying distributions.
About Portland Provident Association
Based on IRS filings
Portland Provident Association is a private foundation, based in Portland, ME. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 42 grants totaling $104K. Net investment income was $103K.
Ready to take the next step with Portland Provident Association?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 42 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,182,551 | $1,937,649 | $1,759,273 |
| Revenue | $116,038 | $46,431 | $68,691 |
| Expenses | $117,617 | $105,368 | $112,836 |
| Qualifying Distributions | $103,712 | $92,877 | $95,000 |
| Net Investment Income | $102,793 | $33,963 | $53,855 |
| Distributable Amount | $100,031 | $90,491 | $93,971 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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
173 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Opportunity Alliance ($10,000), Preble Street Resource Center Inc ($7,000), Catholic Charities Maine (Refugee Resettlement) ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| OPPORTUNITY ALLIANCE South Portland, ME | CHARITABLE | $10,000 |
| PREBLE STREET RESOURCE CENTER INC Portland, ME | CHARITABLE | $7,000 |
| CATHOLIC CHARITIES MAINE (REFUGEE RESETTLEMENT) Portland, ME | CHARITABLE | $6,000 |
| WAYSIDE SOUP KITCHEN Portland, ME | CHARITABLE | $6,000 |
| COMMUNITY DENTAL Portland, ME | CHARITABLE | $4,500 |
| BOYS & GIRLS CLUB OF SOUTHERN MAINE Portland, ME | CHARITABLE | $4,000 |
| ST VINCENT DEPAUL SOUP KITCHEN Portland, ME | CHARITABLE | $4,000 |
| FURNITURE FRIENDS Westbrook, ME | CHARITABLE | $3,500 |
| CROSSROADS Scarborough, ME | CHARITABLE | $3,000 |
| SACRED HEART- ST DOMINIC'S FOOD PANTRY Portland, ME | CHARITABLE | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Peter Webster | Trustee | 0.5 | — |
| Robert Clark | President | 0.5 | — |
| Donald Harden | Trustee | 0.5 | — |
| Kristin Redstone | Treasurer | 0.5 | — |
| Shawnee Sax | Trustee | 0.5 | — |
| Donald Morrison | Trustee | 0.5 | — |
| Laura L Young | Trustee | 0.5 | — |
| Susan Burns Chong | Trustee | 0.5 | — |
| Jacqueline Rider | Secretary | 0.5 | — |
| Nina Misra | Trustee | 0.5 | — |
| Kathryn Pierce | Trustee | 0.5 | — |
Frequently Asked Questions
How large is Portland Provident Association?
As of 2024, Portland Provident Association holds $2.2M in total assets with $116K in annual revenue. It awarded 42 grants totaling $104K in 2024.
Where does Portland Provident Association operate?
Portland Provident Association has awarded grants in Maine.
What size grants does Portland Provident Association award?
In 2024, Portland Provident Association awarded 42 grants totaling $104K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Portland Provident Association required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Portland Provident Association reported a distributable amount of $100K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Portland Provident Association's EIN?
Portland Provident Association's EIN (Employer Identification Number) is 01-6012457. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.