Redco Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PORTLAND, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.8M in total assets. In 2024, it awarded 17 grants totaling $264K. Net investment income was $251K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.8M
+20.4% YoY
Annual Giving
$264K
-13.2% YoY
Grant Count
17
-10.5% YoY
Avg Grant Size
$16K
-3.0% YoY
Under IRS private-foundation payout rules, Redco Foundation Inc reported a distributable amount of $264K for 2024 — the minimum it must pay out in qualifying distributions.
About Redco Foundation Inc
Based on IRS filings
Redco Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PORTLAND, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.8M in total assets. In 2024, it awarded 17 grants totaling $264K. Net investment income was $251K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,798,370 | $4,814,848 | $4,643,868 |
| Revenue | $451,615 | $364,252 | $841,694 |
| Expenses | $326,630 | $336,732 | $163,586 |
| Qualifying Distributions | $304,470 | $305,834 | $135,760 |
| Net Investment Income | $250,782 | $164,639 | $608,433 |
| Distributable Amount | $263,625 | $234,450 | $236,200 |
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
65 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Good Shepherd Food Bank ($100,000), Pen Bay Soccer Club ($24,000), Camden Hills Regional High School ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Bring Change To Mind (BC2M) San Francisco, CA | General Purpose | $10,000 |
| Camden Food Pantry Camden, ME | General Purpose | $5,000 |
| Camden Hills Regional High School Rockport, ME | General Purpose | $20,000 |
| Coastal Mountains Land Trust Camden, ME | General Purpose | $5,000 |
| DocSong Rockport, ME | General Purpose | $10,000 |
| Good Shepherd Food Bank Auburn, ME | General Purpose | $100,000 |
| Mid-Coast Recreation Center Rockport, ME | General Purpose | $10,000 |
| Pen Bay Soccer Club Warren, ME | General Purpose | $24,000 |
| Peopleplace Camden, ME | General Purpose | $5,000 |
| Restorative Justice Project Maine Belfast, ME | General Purpose | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Richard A Bresnahan | Director, President | 1 | — |
| Matie B Little | Secretary/Clerk | 1 | — |
| Richard M Bresnahan | Director, VP/Treasurer | 1 | — |
| Elizabeth W Bresnahan | Director | 1 | — |
| Lillianna Bresnahan | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Redco Foundation Inc?
Redco Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PORTLAND, ME. It holds $5.8M in total assets as of 2024.
How large is Redco Foundation Inc?
As of 2024, Redco Foundation Inc holds $5.8M in total assets with $452K in annual revenue. It awarded 17 grants totaling $264K in 2024.
Where does Redco Foundation Inc operate?
Redco Foundation Inc has awarded grants in California, Massachusetts, Maine, Oregon, Virginia.
What size grants does Redco Foundation Inc award?
In 2024, Redco Foundation Inc awarded 17 grants totaling $264K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is Redco Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Redco Foundation Inc reported a distributable amount of $264K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Redco Foundation Inc's EIN?
Redco Foundation Inc's EIN (Employer Identification Number) is 01-0546160. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Redco Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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