Saco & Biddeford Savings
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.
Key facts about Saco & Biddeford Savings
- EIN
- 01-0516587
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $372,185
- Grants made (2025)
- 168
- Average grant
- $2,215
- Median grant
- $1,000
- Primary geography
- Maine (96% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- Yes
- How to apply
- The Foundation does not appear to accept unsolicited applications and does not provide a formal application process on its website.
Data from IRS Form 990-PF, 2025; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Saco & Biddeford Savings funds
By grant dollars, the top recipient states for Saco & Biddeford Savings's 168 itemized 2025 grants were Maine (96%). The most frequent recipient cities were Portland, ME (36 grants), Saco, ME (16 grants), Biddeford, ME (16 grants) and South Portland, ME (14 grants). 92% of grants with a stated purpose were for general or operating support.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$372K
+3.5% YoY
Grant Count
168
-11.1% YoY
Avg Grant Size
$2K
+16.4% 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
Share of all 168 itemized 2025 grant dollars.
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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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 2025
Grant Size Distribution
820 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include United Way of Southern Maine ($50,200), Hospice of Southern Maine ($16,400), Saco Food Pantry Inc ($15,000).
| 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 |
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 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Daryl J Cady | Director | 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
Frequently Asked Questions
What does Saco & Biddeford Savings fund?
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 • Domes…
How do I apply for a grant from Saco & Biddeford Savings?
The Foundation awards general operating support to nonprofit organizations. Recent grantmaking activity shows: • **167 grants awarded** in the most recent year • **Total giving**: $359,733 (2024) • **Grant range**: $100–$73,871 • **Recent notable grants** (2024): • United Way of Southern Maine: $46,200 • Hospice of Southern Maine: $17,450 • Psi Chi - University of Southern Maine: $10,000 The Foundation has historically provided substantial community support. Over a recent ten-year period, the b…
Where does Saco & Biddeford Savings make grants?
The Foundation focuses exclusively on Maine communities where the bank operates: • Biddeford • Old Orchard Beach • Portland • Saco • Scarborough • South Portland • Westbrook
What size grants does Saco & Biddeford Savings award?
In 2025, Saco & Biddeford Savings awarded 168 grants totaling $372K — an average of about $2K per grant, based on its IRS Form 990 filings.
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.
Does Saco & Biddeford Savings accept unsolicited proposals?
Yes, according to Grantable's research on the foundation's published guidelines. The Foundation does not appear to accept unsolicited applications and does not provide a formal application process on its website.
Explore Open Grants
Browse active grant opportunities in Saco & Biddeford Savings's focus areas in our free grants database
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.