Skowhegan Savings Charitable Foundation
Skowhegan Savings Charitable Foundation is a private foundation focused on Human Services, based in Skowhegan, ME. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 11 grants totaling $400K. Net investment income was $425K.
Key facts about Skowhegan Savings Charitable Foundation
- EIN
- 27-4318997
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $400,000
- Grants made (2024)
- 11
- Average grant
- $36,364
- Median grant
- $25,000
- Total assets
- $3,002,020
- Primary geography
- Maine (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Skowhegan Savings Charitable Foundation funds
By grant dollars, the top recipient states for Skowhegan Savings Charitable Foundation's 11 itemized 2024 grants were Maine (100%). The most frequent recipient cities were Augusta, ME (4 grants) and Waterville, ME (3 grants). None of its 11 grants with a stated purpose were described as general or operating support.
How Skowhegan Savings Charitable Foundation gives
- 27% of 2024 grantees were also funded in 2023. Method
- Giving grew 590% from 2021 to 2024. Method
- In 2024 it paid out 255% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Skowhegan Savings Charitable Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.0M
+7.3% YoY
Annual Giving
$400K
+158.9% YoY
Grant Count
11
+120.0% YoY
Avg Grant Size
$36K
+17.7% YoY
Under IRS private-foundation payout rules, Skowhegan Savings Charitable Foundation reported a distributable amount of $158K for 2024 — the minimum it must pay out in qualifying distributions.
About Skowhegan Savings Charitable Foundation
Based on IRS filings
Skowhegan Savings Charitable Foundation is a private foundation focused on Human Services, based in Skowhegan, ME. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 11 grants totaling $400K. Net investment income was $425K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 11 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,002,020 | $2,797,580 | $2,948,634 |
| Revenue | $947,770 | $26,313 | $452,987 |
| Expenses | $417,601 | $67,867 | $333,083 |
| Qualifying Distributions | $401,416 | $157,405 | $165,535 |
| Net Investment Income | $425,049 | $63,732 | $440,245 |
| Distributable Amount | $157,726 | $146,222 | $138,050 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2019–2024
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
54 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Mid Maine Technical Center ($75,000), AGC Maine ($75,000), Beth Brunswick Memorial Fund for Children ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Mid Maine Technical Center Waterville, ME | Support for purchase of computers and equipment to help establish the engineering program | $75,000 |
| AGC Maine Augusta, ME | Support for the Maine Contruction Academy Pre-Apprenticeship and Apprenticeship programs. Programs provide students with work-ready certifications such as NCCER Core Badges, OSHA 1 hour certification, First Aid & CPR for construction and others. Students are also provided with a full set of the required personal protective gear to work on construction sites. | $75,000 |
| Beth Brunswick Memorial Fund for Children Rangeley, ME | Support for construction of new childcare development center. | $50,000 |
| KVCAP Early Childhood School Waterville, ME | Support for a new Early Childhood Center in the new Skowhegan Elementary School. Skowhegans Early Childhood Center (ECC) will become an exemplar for embedding educational programming for the first five years of a childs life into a public school building. The Center will include 4 infant/toddler rooms (32 children aged 0-3) and 8 preschool rooms (128 children 3-5 years old) for a total of 160 children | $50,000 |
| Central Maine Growth Council Waterville, ME | Dirigo Labs Pitch prize and Sponsorship to help support a startup initiative that scores the highest overall pitch | $25,000 |
| Jobs for Maine Graduates Augusta, ME | Support for the Microcredentialed Competency Model. The model will have a significant positive impact on the local economy by enhancing workforce readiness, increasing employability, and fostering economic growth. This model is designed to provide students with the specific skills and credentials necessary to thrive in todays competitive job market, thereby directly contributing to the economic development of the communities we serve. | $25,000 |
| Tri County Technical Center Dexter, ME | Support technical center's purchase of metal band saw for programming | $25,000 |
| Maine Mountain Childrens House Kingfield, ME | Support for child care center expansion and renovation project | $25,000 |
| Augusta Downtown Alliance Augusta, ME | To develop space in the Augusta Center for Entrepreneurship for creation of a high tech studio which will allow for content creation and production of pod casts, videos and marketing. | $25,000 |
| Trust to Conserve Northeast Forestlands Augusta, ME | To help support logging operations program and training for heavy equipment operators | $15,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| John Witherspoon | President | 1 | — |
| Vicki Alward | Treasurer | 1 | — |
| Andrew Fortin-Trimble | Secretary | 1 | — |
| Carolann Ouellette | Director | 1 | — |
| Samuel Hight | Director | 1 | — |
| Michael Dugay | Director | 1 | — |
| Flint Christie | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Skowhegan Savings Charitable Foundation?
Skowhegan Savings Charitable Foundation is a private foundation focused on Human Services, based in Skowhegan, ME. It holds $3.0M in total assets as of 2024.
How large is Skowhegan Savings Charitable Foundation?
As of 2024, Skowhegan Savings Charitable Foundation holds $3.0M in total assets with $948K in annual revenue. It awarded 11 grants totaling $400K in 2024.
Where does Skowhegan Savings Charitable Foundation operate?
Skowhegan Savings Charitable Foundation has awarded grants in Maine.
What size grants does Skowhegan Savings Charitable Foundation award?
In 2024, Skowhegan Savings Charitable Foundation awarded 11 grants totaling $400K — an average of about $36K per grant, based on its IRS Form 990 filings.
How much is Skowhegan Savings Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Skowhegan Savings Charitable Foundation reported a distributable amount of $158K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Skowhegan Savings Charitable Foundation's EIN?
Skowhegan Savings Charitable Foundation's EIN (Employer Identification Number) is 27-4318997. IRS Form 990 filing data is available on this page for 2019–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.