Saco & Biddeford Savings
Saco & Biddeford Savings is a private foundation based in Saco, Maine, associated with the mutual savings bank of the same name. Founded in 1827, the bank says it supports the people and communities it serves. The foundation’s 2025 grants largely went to Maine organizations, including food pantries, health and social-service organizations, schools, and community-development groups.
Saco & Biddeford Savings at a glance
In short: Saco & Biddeford Savings gave $372K across 168 grants in 2025 (avg $2K), mostly in Maine. 17% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $372,185
- +3.5% vs 2024
- Grants made (2025)
- 168
- -11.1% vs 2024
- Average grant
- $2,215
- +16.4% vs 2024
- Median grant
- $1,000
- Total assets
- $477,574
- -30.3% vs 2024
- New grantees (estimate)
- 17% first-time grantees (28 of 168, 2025)
- Primary geography
- Maine (96% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Saco & Biddeford Savings
- How to Apply
-
The foundation does not restrict giving to preselected organizations. Applicants should provide the amount requested, proof of 501(c)(3) status, and a statement of intended use. Applicants must be 501(c)(3) organizations and qualifying public charities, and applications must describe the people or communities served. The filing lists Brian Ballute as the application contact.
- Contact
Application contact: Brian Ballute
Mailing address: 50 Industrial Park Road, Saco, ME 04072
Phone: (207) 284-4591
Website: https://sbsavings.bank
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Saco & Biddeford Savings funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was United Way of Southern Maine ($50K). Together the top 10 received $149K.
Grant Size Distribution
820 grants across all recorded years
The most common grant size was under $50K: 816 grants of 820 (100%).
Geographic Focus
Where this funder awards grants
The 2025 grant dollars were concentrated in Maine: 96% went to recipients in Maine, with 2% to Virginia and 1% to Massachusetts; Illinois and Texas each accounted for 0% as reported. The bank says its branches are in Saco, Biddeford, Old Orchard Beach, Portland, Scarborough, South Portland, and Westbrook. Its community giving includes support for organizations across Southern Maine.
Grant Distribution by State
Share of 2025 grant dollars across all 168 itemized grants.
States
Cities
Is Saco & Biddeford Savings open to new grantees?
17%
first-time grantees, 2025
In 2025, 28 of 168 grantees (17%) were first-time recipients. First grants averaged $785; repeat grants $3K. How we count
Medians: $250 first-time, $1K repeat.
- 71% of 2025 grantees were also funded in 2024. Method
- Giving fell 25% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). 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 2019 to 2025, annual grant giving ranged from $360K (2024) to $493K (2022). In 2025 it made 168 grants totaling $372K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of Southern Maine Portland, ME | General Operating Support | $50,200 |
| Hospice of Southern Maine Scarborough, ME | General Operating Support | $16,400 |
| Saco Food Pantry Inc Saco, ME | $2,500 Open Hands Open Heart; $12,500 Food Pantry | $15,000 |
| Thornton Academy Saco, ME | General Operating Support | $11,760 |
| Center for Grieving Children Portland, ME | General Operating Support | $10,000 |
| Habitat for Humanity York County Kennebunk, ME | General Operating Support | $10,000 |
| University of Southern Maine Portland, ME | General Operating Support | $10,000 |
| MaineHealth Portland, ME | $3,400 Barbara Bush Children's Hosptial; $6,250 MaineHealth | $9,650 |
| The Salvation Army National Corporation Alexandria, VA | Salvation Army Old Orchard Beach | $8,200 |
| Biddeford Food Pantry Biddeford, ME | General Operating Support | $7,450 |
Ready to take the next step with Saco & Biddeford Savings?
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 | $477,574 | $164,594 | $374,646 | $372,185 | 168 | $373,446 | $128,856 | $33,606 |
| 2024 | $685,526 | $36,065 | $374,252 | $359,733 | 189 | $360,818 | $35,015 | $58,301 |
| 2023 | $1,008,963 | $283,203 | $453,771 | $447,916 | 167 | $449,158 | $905,302 | $42,797 |
| 2022 | $1,179,531 | $664,209 | $496,726 | $493,103 | 161 | $494,217 | $246,638 | $47,786 |
| 2021 | $1,011,548 | $590,548 | $448,285 | $442,116 | 135 | $443,110 | $241,719 | $42,639 |
| 2020 | $869,285 | $473,750 | $449,721 | $440,638 | 114 | — | $370,539 | $36,569 |
| 2019 | $845,056 | $538,513 | $439,595 | $432,745 | 163 | — | $299,173 | $32,098 |
Under IRS private-foundation payout rules, Saco & Biddeford Savings reported a distributable amount of $34K 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
The bank’s stated mission is to serve with compassion while striving for excellence, and its vision is to be a source of possibilities. Its website describes community support for organizations working in areas such as food, mental health, education, youth, the arts, elder care, and social services.
Grantees’ own descriptions illustrate the range of supported work. Saco Food Pantry reported serving individuals and households through its food pantry and Open Hands Open Heart program; Biddeford Food Pantry describes providing basic food staples to people in need. Hospice of Southern Maine describes its mission as providing compassion, care, and comfort through end of life. Heart of Biddeford says it works with local partners to support businesses, promote downtown events, and improve quality of life. Saco Main Street describes working with local government and businesses to revitalize Saco’s downtown.
Grantmaking
In 2025, the foundation reported 168 grants totaling $372,185. Grant amounts ranged from $100 to $50,200, with a median grant of $1,000.
Among the largest 2025 grants were $50,200 to United Way of Southern Maine for general operating support; $16,400 to Hospice of Southern Maine for general operating support; $15,000 to Saco Food Pantry; $11,760 to Thornton Academy for general operating support; and $10,000 each to Center for Grieving Children, Habitat for Humanity York County, and University of Southern Maine for general operating support. Other notable grants included $9,650 to MaineHealth, $8,200 to The Salvation Army National Corporation for Salvation Army Old Orchard Beach, $7,450 to Biddeford Food Pantry, $7,000 to Heart of Biddeford, and $6,600 to Saco Main Street.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Susan B. Hadiaris as chair; Mark H. Jones as president; and Katrina Desjardins and Stephanie Paquet as vice presidents. Directors listed are Daryl J. Cady, Morris L. Fisher, James Godbout, Robert C. Quentin, Eric A. Purvis, and Kevin P. Savage. The bank identifies Mark Jones as its CEO and president.
Saco & Biddeford Savings is led by Mark H Jones, President since 2023 (on filings since 2019); none of the 12 officers listed in 2025 report compensation.
Officers on the 2025 filing
Mark H Jones
President
Vice President → President, 2023
On filings since 2019
0.5 hrs/week
No compensation reported
Susan B Hadiaris
Chair
Director → Chair, 2023
On filings since 2019
0.5 hrs/week
No compensation reported
Eric A Purvis
Director
On filings since 2019
0.1 hrs/week
No compensation reported
Kevin P Savage
Director
On filings since 2019
0.1 hrs/week
No compensation reported
Morris L Fisher
Director
On filings since 2019
0.1 hrs/week
No compensation reported
Robert C Quentin
Director
President → Director, 2023
On filings since 2019
0.1 hrs/week
No compensation reported
Daryl J Cady
Director
On filings since 2022
0.1 hrs/week
No compensation reported
James Godbout
Director
On filings since 2023
0.1 hrs/week
No compensation reported
Brian T Ballute
Secretary & Treasurer
On filings since 2019
2 hrs/week
No compensation reported
Katrina Desjardins
Vice President
On filings since 2023
0.5 hrs/week
No compensation reported
Stephanie Paquet
Vice President
On filings since 2023
0.5 hrs/week
No compensation reported
Tammy Tracy
Vice President
On filings since 2023
0.5 hrs/week
No compensation reported
Former officers (7)
- Former: Joan R Fink (2019–2024) — Director
- Former: Jeffrey M Vachon (2019–2023) — Vice President
- Former: Lynne M Belanger (2019–2023) — Vice President
- Former: Roland M Eon (2019–2023) — Director
- Former: David A Goyet (2019–2022) — Vice President
- Former: Mark L Peterson (2019–2022) — Director
- Former: Robert F Wade (2019–2022) — Director
Data from IRS Form 990 filings, 2019–2025. "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 Saco & Biddeford Savings
How much does Saco & Biddeford Savings give each year?
Saco & Biddeford Savings gave $372K across 168 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $360K across 189 grants.
What is Saco & Biddeford Savings's typical grant size?
Saco & Biddeford Savings's median grant in 2025 was $1,000, and its average grant was $2,215, across 168 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Saco & Biddeford Savings that year got $785 on average.
Where does Saco & Biddeford Savings give grants?
Saco & Biddeford Savings gives mostly in Maine: 96% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Portland, ME (36 grants), Saco, ME (16 grants), Biddeford, ME (16 grants) and South Portland, ME (14 grants).
Does Saco & Biddeford Savings give general operating support?
Yes: 92% of Saco & Biddeford Savings's 2025 grants with a stated purpose (154 of 168) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Saco & Biddeford Savings's largest grantees?
Saco & Biddeford Savings's largest 2025 grantees include United Way of Southern Maine ($50,200), Hospice of Southern Maine ($16,400) and Saco Food Pantry Inc ($15,000), according to its 2025 IRS Form 990-PF. Together they received 22% of its itemized 2025 grant dollars.
How large is Saco & Biddeford Savings?
Saco & Biddeford Savings reported $478K in total assets on its 2025 IRS Form 990-PF. It paid out $373K in qualifying distributions that year, against a required minimum of $34K (roughly 5% of its investment assets).
What does Saco & Biddeford Savings fund?
The bank’s stated mission is to serve with compassion while striving for excellence, and its vision is to be a source of possibilities. Its website describes community support for organizations working in areas such as food, mental health, education, youth, the arts, elder care, and social services. See mission & focus areas ↑
How do I apply for a grant from Saco & Biddeford Savings?
The foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Saco & Biddeford Savings's EIN?
Saco & Biddeford Savings's EIN (Employer Identification Number) is 01-0516587. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS April 10, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 22, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 28, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 18, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 14, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 21, 2026)
- IRS filings on file for fiscal years 2019–2025
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Cite this profile
Grantable. (2026). Saco & Biddeford Savings funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/saco-and-biddeford-savings-morg_896bd584c1f94269b8434d529b600e51
BibTeX
@misc{grantable_010516587_2026,
author = {{Grantable}},
title = {{Saco \& Biddeford Savings funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/saco-and-biddeford-savings-morg_896bd584c1f94269b8434d529b600e51},
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 Saco & Biddeford Savings'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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