Redco Foundation Inc
Redco Foundation Inc is a private foundation based in Portland, Maine. Its 2025 filing reports grants to charitable organizations, including food, arts, community, recreation, and conservation organizations.
Redco Foundation Inc at a glance
In short: Redco Foundation Inc gave $312K across 19 grants in 2025 (avg $16K), mostly in Maine. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $312,000
- +18.2% vs 2024
- Grants made (2025)
- 19
- +11.8% vs 2024
- Average grant
- $16,421
- +5.7% vs 2024
- Median grant
- $10,000
- Total assets
- $6,453,611
- +11.3% vs 2024
- Primary geography
- Maine (87% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Redco Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: Co Baker Newman Noyes - PO Box 5, Portland, ME 04112
Phone: (207) 879-2100
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Redco Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Good Shepherd Food Bank ($100K). Together the top 10 received $247K.
Grant Size Distribution
81 grants across all recorded years
The most common grant size was under $50K: 76 grants of 81 (94%).
Geographic Focus
Where this funder awards grants
In 2025, 87% of grant dollars went to recipients in Maine. The remaining shares were 3% each for California, Massachusetts, Virginia, and Oregon.
Grant Distribution by State
Share of 2025 grant dollars across all 19 itemized grants.
Cities
How Redco Foundation Inc gives
- 84% of 2025 grantees were also funded in 2024. Method
- Giving grew 133% from 2022 to 2025. Method
- In 2025 it paid out 120% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $40K (2020) to $312K (2025). In 2025 it made 19 grants totaling $312K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Good Shepherd Food Bank Auburn, ME | General Purpose | $100,000 |
| Pen Bay Soccer Club Appleton, ME | General Purpose | $27,000 |
| AIO Food Pantry Rockland, ME | General Purpose | $25,000 |
| Camden Hills Regional High School Rockport, ME | General Purpose | $20,000 |
| In Her Presence Portland, ME | General Purpose | $15,000 |
| Midcoast Youth Center Bath, ME | General Purpose | $15,000 |
| Space Gallery Portland, ME | General Purpose | $15,000 |
| Bring Change To Mind (BC2M) San Francisco, CA | General Purpose | $10,000 |
| DocSong Rockport, ME | General Purpose | $10,000 |
| Mid-Coast Recreation Center Rockport, ME | General Purpose | $10,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $6,453,611 | $448,686 | $367,822 | $312,000 | 19 | $344,285 | $232,136 | $287,165 |
| 2024 | $5,798,370 | $451,615 | $326,630 | $264,000 | 17 | $304,470 | $250,782 | $263,625 |
| 2023 | $4,814,848 | $364,252 | $336,732 | $304,309 | 19 | $305,834 | $164,639 | $234,450 |
| 2022 | $4,643,868 | $841,694 | $163,586 | $134,000 | 13 | $135,760 | $608,433 | $236,200 |
| 2021 | $5,436,832 | $663,508 | $263,241 | $239,000 | 13 | — | $445,633 | $240,395 |
| 2020 | $4,290,559 | $295,957 | $64,628 | $40,000 | 3 | — | $100,602 | $195,328 |
Under IRS private-foundation payout rules, Redco Foundation Inc reported a distributable amount of $287K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants show support for organizations working in varied areas. For example, Good Shepherd Food Bank says its mission is to eliminate hunger in Maine by improving access to nutritious and culturally relevant food and building community partnerships. SPACE Gallery says it supports contemporary arts projects, champions artists, and encourages an open exchange of ideas. In Her Presence says it works to further a thriving immigrant community in Maine by supporting immigrant women and their families.
Other 2025 grantees describe work in conservation, recreation, early childhood education, and community arts. Wild Salmon Center says it promotes conservation and sustainable use of wild salmon ecosystems across the Pacific Rim; Mid-Coast Recreation Center says it promotes healthy living and builds community through sport, recreation, and fitness; Peopleplace describes its work as family-oriented early childhood education and related community programs; and Sweet Tree Arts says it provides community arts programming and alternative educational opportunities through the arts.
Grantmaking
In filing year 2025, the foundation reported 19 grants totaling $312,000. Grants ranged from $5,000 to $100,000, with a median grant of $10,000. The largest awards included $100,000 to Good Shepherd Food Bank, $27,000 to Pen Bay Soccer Club, $25,000 to AIO Food Pantry, and $20,000 to Camden Hills Regional High School. It also gave $15,000 each to In Her Presence, Midcoast Youth Center, and SPACE Gallery.
Other 2025 grants included $10,000 to Wild Salmon Center, Mid-Coast Recreation Center, DocSong, Bring Change To Mind, and Sarah’s Village; and $5,000 each to Peopleplace, Sweet Tree Arts, and Coastal Mountains Land Trust.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Richard A Bresnahan as Director and President; Matie B Little as Secretary/Clerk; Richard M Bresnahan as Director and VP/Treasurer; and Elizabeth W Bresnahan and Lillianna Bresnahan as Directors.
Redco Foundation Inc is led by Richard M Bresnahan, Director, President, Director, Vice President & Treasurer since 2023 (on filings since 2020); none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Richard M Bresnahan
Director, President, Director, Vice President & Treasurer
Director, President, Director & Vice President → Director, President, Director, Vice President & Treasurer, 2023
On filings since 2020
1 hr/week
No compensation reported
Elizabeth W Bresnahan
Director
On filings since 2020
1 hr/week
No compensation reported
Lillianna Bresnahan
Director
On filings since 2020
1 hr/week
No compensation reported
Matie B Little
Secretary & Clerk
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: James H Young II part-year (2020) — Registered Agent & Clerk
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Redco Foundation Inc
How much does Redco Foundation Inc give each year?
Redco Foundation Inc gave $312K across 19 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $264K across 17 grants.
What is Redco Foundation Inc's typical grant size?
Redco Foundation Inc's median grant in 2025 was $10,000, and its average grant was $16,421, across 19 grants on its 2025 IRS Form 990-PF.
Where does Redco Foundation Inc give grants?
Redco Foundation Inc gives mostly in Maine: 87% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Camden, ME (4 grants), Rockport, ME (3 grants) and Portland, ME (2 grants).
Does Redco Foundation Inc give general operating support?
Yes: 100% of Redco Foundation Inc's 2025 grants with a stated purpose (19 of 19) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Redco Foundation Inc's largest grantees?
Redco Foundation Inc's largest 2025 grantees include Good Shepherd Food Bank ($100,000), Pen Bay Soccer Club ($27,000) and AIO Food Pantry ($25,000), according to its 2025 IRS Form 990-PF. Together they received 49% of its itemized 2025 grant dollars.
How large is Redco Foundation Inc?
Redco Foundation Inc reported $6.5M in total assets on its 2025 IRS Form 990-PF. It paid out $344K in qualifying distributions that year, against a required minimum of $287K (roughly 5% of its investment assets).
What does Redco Foundation Inc fund?
No mission statement for the foundation is provided. Its 2025 grants show support for organizations working in varied areas. See mission & focus areas ↑
How do I apply for a grant from Redco Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2020–2025.
Does Redco Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 5, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 6, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 28, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 11, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS January 26, 2026)
- IRS filings on file for fiscal years 2020–2025
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Cite this profile
Grantable. (2026). Redco Foundation Inc funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/redco-foundation-inc-morg_3cf2f3f9ed7a4334bde71657e4143b85
BibTeX
@misc{grantable_010546160_2026,
author = {{Grantable}},
title = {{Redco Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/redco-foundation-inc-morg_3cf2f3f9ed7a4334bde71657e4143b85},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Redco Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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