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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$421K
-9.0% YoY
Annual Giving
$52K
+124.0% YoY
Grant Count
9
+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
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| 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 |
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 include Lincoln Academy ($14,800), Lincoln County Field Hockey ($12,000), Clc Ymca ($11,500).
| Recipient | Purpose | Amount |
|---|---|---|
| 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 |
| EBEMEE SNOWMOBILE CLUB BROWNVILLE, ME | DONATION | $450 |
| LINCOLN ACADEMY NEWCASTLE, ME | DONATION | $14,800 |
| LINCOLN COUNTY FIELD HOCKEY DAMARISCOTTA, ME | DONATION | $12,000 |
| LINCOLN COUNTY TELEVISION NEWCASTLE, ME | DONATION | $500 |
| STEPPING STONES DAMARISCOTTA, ME | DONATION | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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
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.
What is The Genada Foundation's EIN?
The Genada Foundation's EIN (Employer Identification Number) is 65-6332116. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Genada 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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