The Herb Bailey Sch Fund 102292
The Herb Bailey Sch Fund 102292 is a private foundation, based in Bangor, ME. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $95K in total assets. In 2025, it awarded 1 grant totaling $5K. Net investment income was $8K.
The Herb Bailey Sch Fund 102292 at a glance
In short: The Herb Bailey Sch Fund 102292 gave $5K across 1 grant in 2025 (avg $5K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $5,000
- +11.1% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $5,000
- +11.1% vs 2024
- Median grant
- $5,000
- Total assets
- $95,226
- +2.3% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who The Herb Bailey Sch Fund 102292 funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Massachusetts College of Pharmacy ($5K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How The Herb Bailey Sch Fund 102292 gives
- Giving fell 26% from 2022 to 2025. Method
- In 2025 it paid out 102% 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 2025, annual grant giving ranged from $5K (2024) to $10K (2023). In 2025 it made 1 grant totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Massachusetts College of Pharmacy Boston, MA | Unrestricted Gift | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $95,226 | $9,642 | $7,540 | $5,000 | 1 | $5,789 | $8,241 | $5,692 |
| 2024 | $93,122 | $6,972 | $6,894 | $4,500 | 1 | $5,256 | $5,624 | $5,643 |
| 2023 | $93,032 | $5,674 | $12,257 | $9,500 | 1 | $10,643 | $4,311 | $5,704 |
| 2022 | $99,631 | $3,092 | $8,506 | $6,745 | 1 | $7,732 | $1,819 | $6,124 |
| 2021 | $105,051 | $7,820 | $9,753 | $6,801 | 1 | $8,177 | $6,427 | $6,745 |
| 2020 | $106,990 | $9,670 | $8,774 | $6,159 | 1 | — | $8,316 | $6,335 |
Under IRS private-foundation payout rules, The Herb Bailey Sch Fund 102292 reported a distributable amount of $6K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Herb Bailey Sch Fund 102292's only listed officer is Bangor Savings Bank, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
Bangor Savings Bank
Trustee
On filings since 2020
1 hr/week
$822 (2020) → $737 (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $737, to Bangor Savings Bank (Trustee).
Frequently asked questions about The Herb Bailey Sch Fund 102292
How much does The Herb Bailey Sch Fund 102292 give each year?
The Herb Bailey Sch Fund 102292 gave $5K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $5K across 1 grant.
How large is The Herb Bailey Sch Fund 102292?
The Herb Bailey Sch Fund 102292 reported $95K in total assets on its 2025 IRS Form 990-PF. It paid out $6K in qualifying distributions that year, against a required minimum of $6K (roughly 5% of its investment assets).
Where does The Herb Bailey Sch Fund 102292 operate?
The Herb Bailey Sch Fund 102292 has awarded grants in Massachusetts.
What is The Herb Bailey Sch Fund 102292's EIN?
The Herb Bailey Sch Fund 102292's EIN (Employer Identification Number) is 51-6578571. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
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