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 2024. As of 2024, the organization holds $233K in total assets. In 2024, it awarded 6 grants totaling $25K. Net investment income was $545.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$233K
-10.1% YoY
Annual Giving
$25K
-28.9% YoY
Grant Count
6
-33.3% YoY
Avg Grant Size
$4K
+6.7% YoY
Under IRS private-foundation payout rules, The Bank of Maine Charitable Foundation reported a distributable amount of $11K for 2024 — the minimum it must pay out in qualifying distributions.
About The Bank of Maine Charitable Foundation
Based on IRS filings
The Bank of Maine Charitable Foundation is a private foundation, based in CAMDEN, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $233K in total assets. In 2024, it awarded 6 grants totaling $25K. Net investment income was $545.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $233,326 | $259,466 | $301,312 |
| Revenue | $545 | $649 | $2,298 |
| Expenses | $26,685 | $42,495 | $44,125 |
| Qualifying Distributions | $26,685 | $42,195 | $43,725 |
| Net Investment Income | $545 | $349 | $1,898 |
| Distributable Amount | $10,628 | $14,239 | $15,976 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
44 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include SaltWater Classroom ($5,000), The Center for Grieving Children ($5,000), Maine Academy of Modern Music ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SaltWater Classroom Camden, ME | 2024 Leaders & Luminaries Award | $5,000 |
| The Center for Grieving Children Portland, ME | 2024 Leaders & Luminaries Award | $5,000 |
| Maine Academy of Modern Music Portland, ME | 2024 Leaders & Luminaries Award | $5,000 |
| ClimateWork Maine Portland, ME | 2024 Leaders & Luminaries Award | $5,000 |
| Challenger Learning Center of Maine Bangor, ME | 2024 Leaders & Luminaries Spotlight Award | $2,000 |
| Kennebec Valley YMCA Augusta, ME | Sponsor: 2024 Strong Kids Campaign & Auction | $2,650 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Renee Smyth | President | 1 | — |
| Terri Tooley | Treasurer | 1 | — |
Frequently Asked Questions
How large is The Bank of Maine Charitable Foundation?
As of 2024, The Bank of Maine Charitable Foundation holds $233K in total assets with $545 in annual revenue. It awarded 6 grants totaling $25K in 2024.
Where does The Bank of Maine Charitable Foundation operate?
The Bank of Maine Charitable Foundation has awarded grants in Maine.
What size grants does The Bank of Maine Charitable Foundation award?
In 2024, The Bank of Maine Charitable Foundation awarded 6 grants totaling $25K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is The Bank of Maine Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Bank of Maine Charitable Foundation reported a distributable amount of $11K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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