Saco & Biddeford Savings Institution is a mutual savings bank established in 1827, making it the oldest mutual savings bank based in Saco, Maine, and the ninth oldest bank in the country. The institution employs 97 people and maintains branches in Biddeford, Old Orchard Beach, Scarborough, Portland, South Portland, Westbrook, and Saco. The bank operates a Community Investment Program and maintains a charitable foundation established in 1998 to support nonprofit organizations in its service communities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$686K
-32.1% YoY
Annual Giving
$360K
-19.7% YoY
Grant Count
189
+13.2% YoY
Avg Grant Size
$2K
-29.0% YoY
Mission & Focus Areas
The Saco & Biddeford Savings Charitable Foundation supports nonprofit organizations in Maine communities served by the bank, including Biddeford, Old Orchard Beach, Portland, Saco, Scarborough, South Portland, and Westbrook.
The Foundation's primary areas of interest include:
- Human services (youth, family, and senior services)
- Health
- Hunger issues
- Environment
- Education
- Community development
- Children and youth
- Arts and culture
- Secondary and higher education
- Counseling
- Domestic violence prevention
- Community economic development
Grantmaking
The Foundation awards general operating support to nonprofit organizations. Recent grantmaking activity shows:
Grant Range
**: $100–$73,871
How to Apply
**: The Foundation does not appear to accept unsolicited applications and does not provide a formal application process on its website. Prospective grantees are advised to contact a representative at a local branch to inquire about funding opportunities.
Ready to take the next step with Saco & Biddeford Savings?
Geographic Focus
Where this funder awards grants
The Foundation focuses exclusively on Maine communities where the bank operates:
- Biddeford
- Old Orchard Beach
- Portland
- Saco
- Scarborough
- South Portland
- Westbrook
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $685,526
- Total revenues: $36,065
- Total expenses: $374,252
- Total giving: $359,733
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $685,526 | $1,008,963 | $1,179,531 |
| Revenue | $36,065 | $283,203 | $664,209 |
| Expenses | $374,252 | $453,771 | $496,726 |
| Qualifying Distributions | $360,818 | $449,158 | $494,217 |
| Net Investment Income | $35,015 | $905,302 | $246,638 |
| Distributable Amount | $58,301 | $42,797 | $47,786 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Robert Quentin - Listed as contact person
- Mark Jones - President of Saco & Biddeford Savings Institution
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Daryl J Cady | Director | 0.1 | — |
| Joan R Fink | Director (end 2/2024) | 0.1 | — |
| Morris L Fisher | Director | 0.1 | — |
| James Godbout | Director | 0.1 | — |
| Robert C Quentin | Director | 0.1 | — |
| Eric A Purvis | Director | 0.1 | — |
| Kevin P Savage | Director | 0.1 | — |
| Susan B Hadiaris | Chair | 0.5 | — |
| Mark H Jones | President | 0.5 | — |
| Katrina Desjardins | Vice President | 0.5 | — |
| Stephanie Paquet | Vice President | 0.5 | — |
| Tammy Tracy | Vice President | 0.5 | — |
| Brian T Ballute | Secretary/Treasurer | 2 | — |
Recent News & Activity
Recent developments and announcements
Saco & Biddeford Savings committed $50,000 to the McGoldrick Center for Career & Student Success at the University of Southern Maine
Saco & Biddeford Savings Commits $50,000 to McGoldrick Center for Career\The Biddeford-Saco Rotary Splash Pad Project received $10,000 from the Foundation
Biddeford-Saco Rotary Splash Pad Project Receives $10,000 from Saco & BiddefordSaco & Biddeford Savings contributed $50,000 to a Hospice Sustainability Project
Saco & Biddeford Savings Commits $50,000 to McGoldrick Center for Career\The bank donated $80,000 to support local groups across its service area
Saco & Biddeford Savings Donates $80,000 to Support Local Groups | Portland,Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Saco & Biddeford Savings on Grantable?
- Assess strategic fit with your organization
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