Tri-town Medical Foundation Inc is a private foundation focused on Education, based in JAY, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $247K in total assets. In 2024, it awarded 2 grants totaling $9K. Net investment income was $9K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$247K
-1.2% YoY
Annual Giving
$9K
-36.8% YoY
Grant Count
2
-60.0% YoY
Avg Grant Size
$5K
+57.9% YoY
Under IRS private-foundation payout rules, Tri-town Medical Foundation Inc reported a distributable amount of $17K for 2024 — the minimum it must pay out in qualifying distributions.
About Tri-town Medical Foundation Inc
Based on IRS filings
Tri-town Medical Foundation Inc is a private foundation focused on Education, based in JAY, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $247K in total assets. In 2024, it awarded 2 grants totaling $9K. Net investment income was $9K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $247,362 | $250,414 | $263,691 |
| Revenue | $9,214 | $4,597 | $7,232 |
| Expenses | $12,266 | $17,874 | $9,355 |
| Qualifying Distributions | $9,000 | $14,250 | $9,355 |
| Net Investment Income | $9,217 | $9,034 | $3,266 |
| Distributable Amount | $17,413 | $15,886 | $17,431 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
17 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Maine ($6,000), Husson University ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF MAINE ORONO, ME | SCHOLARSHIP | $6,000 |
| HUSSON UNIVERSITY BANGOR, ME | SCHOLARSHIP | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GARY KNIGHT | PRESIDENT/DI | — | — |
| NORMAN ST PIERRE | TREASURER/DI | — | — |
| THERESA TIMBERLAKE | SECRETARY/DI | — | — |
| MARY HAYFORD | DIRECTOR | — | — |
| MICHELE KNAPP | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Tri-town Medical Foundation Inc?
Tri-town Medical Foundation Inc is a private foundation focused on Education, based in JAY, ME. It holds $247K in total assets as of 2024.
How large is Tri-town Medical Foundation Inc?
As of 2024, Tri-town Medical Foundation Inc holds $247K in total assets with $9K in annual revenue. It awarded 2 grants totaling $9K in 2024.
Where does Tri-town Medical Foundation Inc operate?
Tri-town Medical Foundation Inc has awarded grants in Maine, New Hampshire.
What size grants does Tri-town Medical Foundation Inc award?
In 2024, Tri-town Medical Foundation Inc awarded 2 grants totaling $9K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Tri-town Medical Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Tri-town Medical Foundation Inc reported a distributable amount of $17K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Tri-town Medical Foundation Inc's EIN?
Tri-town Medical Foundation Inc's EIN (Employer Identification Number) is 01-0366975. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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