The Mimi Foundation is a private foundation based in Scarborough, Maine, established in 2005. The foundation supports philanthropic initiatives across the United States with a focus on arts and culture, education, and human services.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$6.6M
+1282.9% YoY
Grant Count
8
-77.8% YoY
Avg Grant Size
$821K
+6123.3% YoY
Mission & Focus Areas
The foundation supports health centers and organizations involved with education, the environment, and youth development. Primary funding areas include:
- Arts and culture
- Education
- Human services
- Health centers
- Environment
- Youth development
Grantmaking
In January 2024, the Mimi Foundation established a $1 million endowment—the Hilda Hutchins McCollum Family Endowed Fund—to support productions at The Gracie Theatre at Husson University in Bangor, Maine. Annual distributions from this endowment support show costs, capital needs of the theater, and a signature show each season.
Grant Range
$500–$4,872,500
Average Grant
approximately $3,000
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Geographic Focus
Where this funder awards grants
The foundation provides funding to various cities across the United States, including:
- Maine: Augusta, Bangor, and Portland
- Other states: Alabama, Texas, and Vermont
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
- Total assets: $6,221,454
- Total giving (2023): $6,569,000
- Annual expenses: $6,600,210
- Annual revenue: $399,614
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | — | $6,221,454 | $7,950,138 |
| Revenue | $399,614 | $415,986 | $5,823,349 |
| Expenses | $6,600,210 | $481,255 | $326,564 |
| Qualifying Distributions | $6,573,161 | $477,034 | $341,780 |
| Net Investment Income | $372,565 | $387,853 | $1,603,474 |
| Distributable Amount | $275,680 | $332,290 | $227,391 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2023
Grant Size Distribution
120 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation's leadership team works on a voluntary basis without compensation:
- Julia H DiNapoli – President
- Alec DiNapoli – Director
- Bradley McCollum – Director
- Karen K Schacht – Treasurer
- Calvin E True Esq – Secretary
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Alec DiNapoli | Director | 1 | — |
| Bradley McCollum | Director | 1 | — |
| Julia H DiNapoli | President | 1 | — |
| Karen K Schacht | Treasurer | 1 | — |
| Calvin E True Esq | Secretary | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation made a significant commitment to the arts in January 2024 by establishing the $1 million Hilda Hutchins McCollum Family Endowed Fund at The Gracie Theatre at Husson University. This endowment honors Hilda Hutchins McCollum's legacy and her original philanthropic support for the creation of the theater, ensuring continued support for performance arts in the Greater Bangor area.
Mimi Foundation Establishes $1 Endowment to SupportSubject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Total Given
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Total Given
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Bowery Beach School Bldg Maintenance Tr
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—
United Way of Tri Vally Area
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Elmina B Sewall Foundation
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Assets
$164.8M
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Total Given
$14.4M
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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