The Foundation for Maine's Community
The Foundation for Maine's Community Colleges is dedicated to ensuring that the State's seven community colleges have the resources they need to provide a high quality, affordable, and accessible college education for Maine people.
Financial Overview
From 2025 IRS Form 990-PF
Total Assets
$6.2M
-34.7% YoY
Annual Giving
$3.2M
-51.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$3.2M
-51.0% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $6,163,766 | $9,433,902 | $14,060,481 |
| Revenue | $980,979 | $1,379,321 | $1,406,703 |
| Expenses | $3,691,939 | $6,927,329 | $8,256,473 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $121,878 | $271,433 | $211,531 |
| 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 1 recipients in 2025
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does The Foundation for Maine's Community fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Dr John Fitzsimmons | President | 40 | $149,263 |
| Hon John R McKernan Jr | Chair | 8 | — |
| Lisa M Gorman | Vice Chair | 7 | — |
| Hon Daniel E Wathen | Secretary | 5 | — |
| Lawrence A Wold | Treasurer | 6 | — |
| Scott Ballard | Director | 5 | — |
| David Daigler | Director | 5 | — |
| Tony DiSotto | Director | 5 | — |
| Robert Montgomery-Rice | Director | 5 | — |
| Joseph Purington | Director | 5 | — |
| Elaine D Rosen | Director | 7 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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