University of Southern Maine Foundation
To actively build and steward resources in support of the University of Southern Maine's mission of education, research, and public service and to educate the public about the activities and programs of the University of Southern Maine.
University of Southern Maine Foundation at a glance
In short: University of Southern Maine Foundation gave $4.5M across 2 grants in 2025 (avg $2.3M), mostly in Maine. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $4,522,355
- -74.1% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $2,261,178
- -74.1% vs 2024
- Median grant
- $2,261,178
- Total assets
- $58,582,559
- +18.2% vs 2024
- Primary geography
- Maine (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who University of Southern Maine Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was University of Southern Maine ($4.5M across 2 grants).
Grant Size Distribution
14 grants across all recorded years
The most common grant size was in the $1–5M range: 8 grants of 14 (57%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How University of Southern Maine Foundation gives
- Giving held roughly steady from 2022 to 2025 (−10%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $1.9M (2019) to $17.5M (2024). In 2025 it made 2 grants totaling $4.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Southern Maine Bangor, ME | USM programs & capital projects | $3,419,655 |
| University of Southern Maine Bangor, ME | Endowment income gifted to USM | $1,102,700 |
Ready to take the next step with University of Southern Maine Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $58,582,559 | $14,278,860 | $7,366,949 | $4,522,355 | 2 | $1,656,377 |
| 2024 | $49,556,091 | $8,925,589 | $20,232,872 | $17,478,130 | 2 | $1,251,027 |
| 2023 | $57,792,646 | $9,872,134 | $8,194,087 | $5,220,695 | 3 | $1,027,454 |
| 2022 | $53,917,918 | $17,054,045 | $7,721,875 | $4,997,336 | 4 | $421,294 |
| 2021 | $49,206,133 | $17,108,196 | $4,954,434 | $2,581,125 | 3 | $359,809 |
| 2020 | $31,008,162 | $6,793,300 | $4,304,696 | $2,347,458 | 4 | $374,205 |
| 2019 | $28,488,474 | $7,421,962 | $3,747,521 | $1,865,297 | 3 | $448,991 |
About University of Southern Maine Foundation
Based on IRS filings
University of Southern Maine Foundation is a public charity, based in Portland, ME. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $58.6M in total assets. In 2025, it awarded 2 grants totaling $4.5M. Net investment income was $1.7M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
University of Southern Maine Foundation is led by Ainsley Newman Wallace, President & CEO since 2025 (on filings since 2019); 3 of 28 officers listed in 2025 are compensated.
Officers on the 2025 filing
Ainsley Newman Wallace
President & CEO
President → President & CEO, 2025
On filings since 2019
40 hrs/week
$94K (2019) → $164K (2025)
Corey Hascall
President & CEO
Vice President → President & CEO, 2025
On filings since 2020
40 hrs/week
$113K (2020) → $160K (2025)
Erin Macey
Executive Director
On filings since 2022
40 hrs/week
$107K (2022) → $121K (2025)
Stephen deCastro
Chair
Director → Vice Chair, 2021
Vice Chair → Chair, 2024
On filings since 2019
1 hr/week
No compensation reported
Casey Prentice
Director
On filings since 2019
1 hr/week
No compensation reported
Dajaun Eubanks
Director
On filings since 2019
1 hr/week
No compensation reported
Daniel Crewe
Director
Co-Chair → Chair, 2020
Chair → Director, 2024
On filings since 2019
1 hr/week
No compensation reported
John Ryan
Director
On filings since 2019
1 hr/week
No compensation reported
Justin Alfond
Director
On filings since 2019
1 hr/week
No compensation reported
Rebecca McKinnell
Director
On filings since 2019
1 hr/week
No compensation reported
Robert H Dodge
Director
Secretary → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
Timothy Griffin
Director
Director → Treasurer, 2021
Treasurer → Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Linda Varrell
Director
On filings since 2020
1 hr/week
No compensation reported
Kelly Brewer
Director
On filings since 2021
1 hr/week
No compensation reported
Kenneth A Blaschke
Director
On filings since 2021
1 hr/week
No compensation reported
Lois Skillings
Director
On filings since 2021
1 hr/week
No compensation reported
Mo Ibourk
Director
On filings since 2021
1 hr/week
No compensation reported
Ray Stevens PhD
Director
On filings since 2021
1 hr/week
No compensation reported
Daniel Kleban
Director
On filings since 2024
1 hr/week
No compensation reported
Ian Slaymaker
Director
On filings since 2024
1 hr/week
No compensation reported
Kelly Barden
Director
On filings since 2024
1 hr/week
No compensation reported
Mike Marocco
Director
On filings since 2024
1 hr/week
No compensation reported
Todd Chamberlain
Secretary
Director → Secretary, 2021
On filings since 2019
1 hr/week
No compensation reported
Dean Murray
Vice Chair
Director → Vice Chair, 2024
On filings since 2021
1 hr/week
No compensation reported
Jacqueline Edmondson
Executive Officio
Director → Executive Officio, 2024
On filings since 2022
1 hr/week
No compensation reported
Stephen Irish
Treasurer
Director → Treasurer, 2025
On filings since 2022
1 hr/week
No compensation reported
Jana Magnuson
Volunteer Finance Committee
On filings since 2024
1 hr/week
No compensation reported
Rebecca Swanson Conrad
Affliliated Representative
On filings since 2024
1 hr/week
No compensation reported
Former officers (17)
- Former: Marci Booth (2019–2023) — Director
- Former: Dan Kleban (2021–2023) — Director
- Former: Kate Beever (2021–2023) — Director
- Former: Luc Nya (2021–2023) — Director
- Former: Susan Palmer (2020–2022) — Director of Principal Gift
- Former: Christopher Hall (2019–2021) — Director
- Former: Cyrus Hagge (2019–2021) — Director
- Former: Glenn Cummings (2019–2021) — Director
- Former: Robert Blackwood (2019–2021) — Director
- Former: Teresa Nizza (2019–2021) — Director
- Former: Jeffrey Jordan (2020–2021) — Director
- Former: Alec Porteous (2021) — Director
- Former: Bonnie Porta (2019–2020) — Director
- Former: Christopher Robinson (2019–2020) — Director
- Former: Deanna Sherman (2019–2020) — Director
- Former: Edward S McKersie (2019) — Past Chair
- Former: George Campbell (2019) — Prior President
Data from IRS Form 990 filings, 2019–2025. "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 $164K, to Ainsley Newman Wallace (President & CEO (Thru 9/30/24)). 3 officers or directors reported compensation on that filing.
Frequently asked questions about University of Southern Maine Foundation
How much does University of Southern Maine Foundation give each year?
University of Southern Maine Foundation gave $4.5M across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $17.5M across 2 grants.
How large is University of Southern Maine Foundation?
University of Southern Maine Foundation reported $58.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $14.3M.
Where does University of Southern Maine Foundation operate?
University of Southern Maine Foundation has awarded grants in Maine.
What is University of Southern Maine Foundation's EIN?
University of Southern Maine Foundation's EIN (Employer Identification Number) is 04-3350930. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS June 23, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS November 22, 2022)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 22, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 22, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 8, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS February 6, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS October 7, 2025)
- IRS filings on file for fiscal years 2020–2025
Explore Open Grants
Browse active grant opportunities in University of Southern Maine Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Maine
Bangor Savings Bank Foundation
Bangor, ME
The Bangor Savings Bank Foundation supports arts and culture, economic and workforce development, education, health and wellness, and social and community services, including affordable housing and health care. It focuses on Maine, New Hampshire, and Essex County, Massachusetts; 2025 grants ranged from $1,000 to $50,000, with a median of $4,750. It accepts applications through an online portal, with applications reviewed twice a year.
Assets
$7.0M
Grants
156
Total Given
$1.2M
Scanlan Family Foundation
Chicago, IL
The Scanlan Family Foundation funds preselected charitable organizations, with recent grants supporting education, universities, research, and related organizations, primarily in Iowa, Vermont, Connecticut, Maine, and Illinois. Its 2024 grants ranged from $5,000 to $4 million, with a median of $1 million. It does not accept unsolicited requests.
Assets
$103.4M
Grants
11
Total Given
$16.9M
Elliotsville Foundation Inc
Portland, ME
The foundation funds conservation, environmental advocacy, community stewardship, and related education, with most grant dollars going to Maine organizations and some to New Hampshire. In 2024, it made 11 grants ranging from $500 to $50,000, with a median of $10,000; it gives only to preselected charities and does not accept unsolicited requests.
Assets
$24.9M
Grants
11
Total Given
$110K
Lukis Foundation
Wayzata, MN
The Lukis Foundation supports preselected charitable organizations across varied fields, including education, health, ocean exploration, and music, with recent giving concentrated in Minnesota and grants also reaching organizations in other states. In 2025, it made 28 grants ranging from $500 to $500,000, with a median grant of $40,000. It does not accept unsolicited requests.
Assets
$30.4M
Grants
28
Total Given
$1.9M
Machias Savings Bank Community
Machias, ME
The fund supports community needs including financial health, food, housing, healthcare, workforce development, entrepreneurship, broadband, childcare, and youth programming, generally in Machias Savings Bank’s service area in Maine and New Hampshire. Its guidelines typically describe grants of $1,000–$5,000, though some 2025 awards were larger. It accepts unsolicited requests through the bank’s website.
Assets
$4.2M
Grants
27
Total Given
$205K
Marr-Anderson Family Foundation
Falmouth, ME
The foundation funds education, health, scholarships, and compassionate support during crises, including work with schools, hospitals, and youth and family services. Its 2024 grants ranged from $1,100 to $353,858, with a median of $10,000; it primarily supports Maine communities, and it accepts unsolicited applications from organizations serving Maine.
Assets
$19.1M
Grants
33
Total Given
$681K
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 University of Southern Maine 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.
University of Southern Maine Foundation down — hundreds of funders to go?