The Genada Foundation
The Genada Foundation is a private foundation, 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.
The Genada Foundation at a glance
In short: The Genada Foundation gave $52K across 9 grants in 2024 (avg $6K), mostly in Maine. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $51,750
- +124.0% vs 2023
- Grants made (2024)
- 9
- +12.5% vs 2023
- Average grant
- $5,750
- +99.1% vs 2023
- Median grant
- $5,500
- Total assets
- $421,148
- -9.0% vs 2023
- Primary geography
- Maine (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Genada Foundation funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was Lincoln Academy ($15K). Together the top 9 received $52K.
Grant Size Distribution
45 grants across all recorded years
The most common grant size was under $50K: 45 grants of 45 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $23K (2023) to $52K (2024). In 2024 it made 9 grants totaling $52K.
Grants by year
Grant recipients and amounts by year
| 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 |
Ready to take the next step with The Genada Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $421,148 | $59,615 | $101,300 | $51,750 | 9 | $72,150 | $31,865 | $40,103 |
| 2023 | $462,833 | $61,208 | $66,190 | $23,100 | 8 | $41,000 | $36,387 | $36,666 |
| 2022 | $467,815 | $28,857 | $90,197 | $46,450 | 10 | $64,350 | $3,435 | $40,505 |
| 2021 | $529,155 | $44,594 | $82,047 | $43,000 | 10 | $58,400 | $21,297 | $43,100 |
| 2020 | $566,608 | $50,176 | $70,738 | $32,500 | 8 | — | $27,854 | $37,781 |
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.
Leadership & Key People
Officers and directors from IRS filings
The Genada Foundation's 2024 filing lists 4 officers; all 4 officers listed in 2024 are compensated.
Officers on the 2024 filing
Drusilla Sanford
Trustee
On filings since 2020
3 hrs/week
$20K (2020) → $20K (2024)
Frederick Brewer
Trustee
On filings since 2020
2 hrs/week
$10K (2020) → $20K (2024)
Jonathon Eaton
Trustee
On filings since 2020
1 hr/week
$300 (2020) → $200 (2024)
Katherine Eaton
Trustee
On filings since 2020
1 hr/week
$300 (2020) → $200 (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $20K, to Drusilla Sanford (Trustee). 4 officers or directors reported compensation on that filing.
Frequently asked questions about The Genada Foundation
How much does The Genada Foundation give each year?
The Genada Foundation gave $52K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $23K across 8 grants.
What is The Genada Foundation's typical grant size?
The Genada Foundation's median grant in 2024 was $5,500, and its average grant was $5,750, across 9 grants on its 2024 IRS Form 990-PF.
Where does The Genada Foundation give grants?
The Genada Foundation gives mostly in Maine: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Damariscotta, ME (6 grants) and Newcastle, ME (2 grants).
Does The Genada Foundation give general operating support?
Not in 2024: none of the 9 grants with a stated purpose on The Genada Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Donation" (9 grants).
Who are The Genada Foundation's largest grantees?
The Genada Foundation's largest 2024 grantees include Lincoln Academy ($14,800), Lincoln County Field Hockey ($12,000) and CLC YMCA ($11,500), according to its 2024 IRS Form 990-PF. Together they received 74% of its itemized 2024 grant dollars.
How large is The Genada Foundation?
The Genada Foundation reported $421K in total assets on its 2024 IRS Form 990-PF. It paid out $72K in qualifying distributions that year, against a required minimum of $40K (roughly 5% of its investment assets).
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Genada Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Genada Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Dorothy G & Stanley E Worden Charitable Foundation
Damariscotta, ME
The foundation supports community needs, including older adults, veterans and their families, cancer patients, and children, with most funding going to Maine and some to Texas and Florida. In 2025, grants ranged from $150 to $28,000, with a median of $4,100. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$1.3M
Grants
12
Total Given
$87K
Reny Charitable Foundation
Newcastle, ME
The Reny Charitable Foundation supports education, community, environment, and music, along with other charitable work, primarily in Maine; nearly all of its 2024 grants went to Maine organizations. Its 105 grants ranged from $200 to $50,000, with a median of $1,000. It makes grants only to preselected organizations and does not accept unsolicited requests.
Assets
$3.6M
Grants
105
Total Given
$380K
Eloise Kimmelman Foundation
Coral Gables, FL
Assets
$2.9M
Grants
1
Total Given
$200K
RX Abuse Leadership Initiative
Washington, DC
Advocacy on the opioid crisis and substance abuse disorders
Assets
—
Grants
1
Total Given
$40K
Gertrude and William Jones Trust
Brooklyn, OH
Assets
$129K
Grants
2
Total Given
$220
Auxiliary of Bethesda Hospital Inc
Boynton Beach, FL
Donate funds to Bethesda Hospital, Inc. a 501(c)3 tax-exempt organization, grant health career scholarships to students pursuing health careers to beneficiaries who are in no way related to or financially connected to or dependent on any Auxiliary members or officers.
Assets
—
Grants
2
Total Given
$700K
More similar funders
More Funders in Maine
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from The Genada Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
The Genada Foundation down — hundreds of funders to go?