The Bank of Maine Charitable Foundation
The Bank of Maine Charitable Foundation is a private foundation, based in Camden, ME. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $203K in total assets. In 2025, it awarded 7 grants totaling $29K. Net investment income was $488.
The Bank of Maine Charitable Foundation at a glance
In short: The Bank of Maine Charitable Foundation gave $29K across 7 grants in 2025 (avg $4K), mostly in Maine. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $29,000
- +17.6% vs 2024
- Grants made (2025)
- 7
- +16.7% vs 2024
- Average grant
- $4,143
- +0.8% vs 2024
- Median grant
- $5,000
- Total assets
- $202,679
- -13.1% vs 2024
- Primary geography
- Maine (69% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Bank of Maine Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Beth C Wright Cancer Resources ($5K). Together the top 6 received $24K.
Organizations only. It also paid 1 grant to individuals ($5,000), which are not listed by name.
Grant Size Distribution
39 grants across all recorded years
The most common grant size was under $50K: 39 grants of 39 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
States
Cities
How The Bank of Maine Charitable Foundation gives
- Giving held roughly steady from 2022 to 2025 (−16%). Method
- In 2025 it paid out 276% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $25K (2024) to $56K (2020). In 2025 it made 7 grants totaling $29K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Beth C Wright Cancer Resources Ellsworth, ME | 2025 Leaders & Luminaries Award | $5,000 |
| 1 grant to individuals Recipients not named | — | $5,000 |
| Children's Museum & Theatre of Maine Portland, ME | 2025 Leaders & Luminaries Award | $5,000 |
| Maine Organic Farmers and Gardeners Association Unity, ME | 2025 Leaders & Luminaries Award | $5,000 |
| Scarborough Public Library Scarborough, ME | 2025 Leaders & Luminaries Award | $5,000 |
| Book Love Foundation North Conway, NH | 2025 Spotlight Award | $2,000 |
| The Friendly Kitchen Concord, NH | 2025 Spotlight Award | $2,000 |
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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 | $202,679 | $488 | $31,135 | $29,000 | 7 | $31,135 | $488 | $11,261 |
| 2024 | $233,326 | $545 | $26,685 | $24,650 | 6 | $26,685 | $545 | $10,628 |
| 2023 | $259,466 | $649 | $42,495 | $34,650 | 9 | $42,195 | $349 | $14,239 |
| 2022 | $301,312 | $2,298 | $44,125 | $34,500 | 8 | $43,725 | $1,898 | $15,976 |
| 2021 | $343,139 | $2,619 | $67,925 | $42,500 | 9 | $66,725 | $1,419 | $18,488 |
| 2020 | $408,445 | $2,754 | $82,010 | $56,000 | 12 | — | $1,554 | $22,046 |
Under IRS private-foundation payout rules, The Bank of Maine Charitable Foundation reported a distributable amount of $11K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Bank of Maine Charitable Foundation is led by Renee Smyth, President on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Renee Smyth
President
On filings since 2020
1 hr/week
No compensation reported
Terri Tooley
Treasurer
On filings since 2023
1 hr/week
No compensation reported
Former officers (2)
- Former: Gregory Dufour (2020–2023) — Board Member
- Former: Joanne Campbell (2020–2023) — Past Treasurer
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 The Bank of Maine Charitable Foundation
How much does The Bank of Maine Charitable Foundation give each year?
The Bank of Maine Charitable Foundation gave $29K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $25K across 6 grants.
What is The Bank of Maine Charitable Foundation's typical grant size?
The Bank of Maine Charitable Foundation's median grant in 2025 was $5,000, and its average grant was $4,143, across 7 grants on its 2025 IRS Form 990-PF.
Where does The Bank of Maine Charitable Foundation give grants?
The Bank of Maine Charitable Foundation gives mostly in Maine: 69% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New Hampshire (31%).
Does The Bank of Maine Charitable Foundation give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on The Bank of Maine Charitable Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "2025 Leaders & Luminaries Award" (5 grants).
Who are The Bank of Maine Charitable Foundation's largest grantees?
The Bank of Maine Charitable Foundation's largest 2025 grantees include Beth C Wright Cancer Resources ($5,000), Children's Museum & Theatre of Maine ($5,000) and Maine Organic Farmers and Gardeners Association ($5,000), according to its 2025 IRS Form 990-PF. It also paid 1 grant to individuals ($5,000), which are not listed by name. Together they received 52% of its itemized 2025 grant dollars.
How large is The Bank of Maine Charitable Foundation?
The Bank of Maine Charitable Foundation reported $203K in total assets on its 2025 IRS Form 990-PF. It paid out $31K in qualifying distributions that year, against a required minimum of $11K (roughly 5% of its investment assets).
What is The Bank of Maine Charitable Foundation's EIN?
The Bank of Maine Charitable Foundation's EIN (Employer Identification Number) is 01-0446023. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Bank of Maine Charitable Foundation's focus areas in our free grants database
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