The Genada Foundation

Foundation · Grantmaker Damariscotta, ME EIN: 65-6332116

The Genada Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Damariscotta, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $421K in total assets. In 2024, it awarded 9 grants totaling $52K. Net investment income was $32K.

Key facts about The Genada Foundation

EIN: 65-6332116
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $51,750
Grants made (2024): 9
Average grant: $5,750
Median grant: $5,500
Total assets: $421,148
Primary geography: Maine (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who The Genada Foundation funds

By grant dollars, the top recipient states for The Genada Foundation's 9 itemized 2024 grants were Maine (100%). The most frequent recipient cities were Damariscotta, ME (6 grants) and Newcastle, ME (2 grants). None of its 9 grants with a stated purpose were described as general or operating support. Recurring purposes include "Donation" (9 grants).

How The Genada Foundation gives

Giving grew 20% from 2021 to 2024. Method
In 2024 it paid out 180% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with The Genada Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$421K

-9.0% YoY

Annual Giving

$52K

+124.0% YoY

Grant Count

+12.5% YoY

Avg Grant Size

$6K

+99.1% YoY

Under IRS private-foundation payout rules, The Genada Foundation reported a distributable amount of $40K for 2024 — the minimum it must pay out in qualifying distributions.

About The Genada Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Maine $52K (100%)

Share of all 9 itemized 2024 grant dollars.

States

Florida Maine

Cities

DamariscottaNewcastleBrownvilleHallowellBathBoyton BeachBrunswickEasst BoothbayNobleboro

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$421,148	$462,833	$467,815
Revenue	$59,615	$61,208	$28,857
Expenses	$101,300	$66,190	$90,197
Qualifying Distributions	$72,150	$41,000	$64,350
Net Investment Income	$31,865	$36,387	$3,435
Distributable Amount	$40,103	$36,666	$40,505

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

Grant Size Distribution

45 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Lincoln Academy ($14,800), Lincoln County Field Hockey ($12,000), CLC YMCA ($11,500).

Recipient	Purpose	Amount
LINCOLN ACADEMY Newcastle, ME	DONATION	$14,800
LINCOLN COUNTY FIELD HOCKEY Damariscotta, ME	DONATION	$12,000
CLC YMCA Damariscotta, ME	DONATION	$11,500
COASTAL RIVERS CONSERVATION Damariscotta, ME	DONATION	$6,000
DAMARISCOTTA HISTORICAL SOCIETY Damariscotta, ME	DONATION	$5,500
DAMARISCOTTA NEWCASTLE LIONS CLUB Damariscotta, ME	DONATION	$500
LINCOLN COUNTY TELEVISION Newcastle, ME	DONATION	$500
STEPPING STONES Damariscotta, ME	DONATION	$500
EBEMEE SNOWMOBILE CLUB Brownville, ME	DONATION	$450

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Name	Title	Hours	Compensation
Drusilla Sanford	Trustee	3	$20,000
Katherine Eaton	Trustee	1	$200
Jonathon Eaton	Trustee	1	$200
Frederick Brewer	Trustee	2	$20,000

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Genada Foundation?

The Genada Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Damariscotta, ME. It holds $421K in total assets as of 2024.

How large is The Genada Foundation?

As of 2024, The Genada Foundation holds $421K in total assets with $60K in annual revenue. It awarded 9 grants totaling $52K in 2024.

Where does The Genada Foundation operate?

The Genada Foundation has awarded grants in Florida, Maine.

What size grants does The Genada Foundation award?

In 2024, The Genada Foundation awarded 9 grants totaling $52K — an average of about $6K per grant, based on its IRS Form 990 filings.

How much is The Genada Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Genada Foundation reported a distributable amount of $40K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.