Worthington Scholarship Foundation
Worthington Scholarship Foundation (WSF) is a private operating foundation based in Rockland, Maine, with additional office presence in Naples, Florida. Founded in 2017 as a Maine 501(c)(3) organization and receiving its IRS tax-exempt ruling in July 2018, the foundation provides renewable scholarships and comprehensive support services to Maine students with limited financial resources who demonstrate strong motivation and character.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$45.2M
+414.5% YoY
Annual Giving
$5.1M
+57.0% YoY
Grant Count
36
+24.1% YoY
Avg Grant Size
$141K
+26.4% YoY
Mission & Focus Areas
WSF was founded on the belief that hard work and character should matter more than finances or GPA when it comes to higher education access. The foundation's mission is to empower Maine students to access post-secondary education through scholarships tailored to their needs, while also serving as a resource to help students navigate life beyond their degrees and certificates.
The foundation focuses on:
- Renewable scholarships for Maine students
- Student success support services
- Partnerships with Maine colleges and community colleges
- Mentorship and guidance throughout college attendance
Grantmaking
Applicants must file the FAFSA, be accepted to a partnered Maine college, and complete an online application through the foundation's portal with eligibility confirmation and personal essay questions.
How to Apply
**
Ready to take the next step with Worthington Scholarship Foundation?
Geographic Focus
Where this funder awards grants
WSF serves students from all 16 Maine counties: Androscoggin, Aroostook, Cumberland, Franklin, Hancock, Kennebec, Knox, Lincoln, Oxford, Penobscot, Piscataquis, Sagadahoc, Somerset, Waldo, Washington, and York.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
2024 Financial Data:
- Total Assets: $45,180,430
- Total Revenue: $42,894,232
- Total Expenses: $6,495,185
- Total Liabilities: $0
- Total Giving: $5,080,186
- Staff: 5 employees
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $45,180,430 | $8,781,383 | $12,065,797 |
| Revenue | $42,894,232 | $780,108 | $5,368,981 |
| Expenses | $6,495,185 | $4,064,522 | $2,763,381 |
| Qualifying Distributions | $6,151,571 | $3,989,127 | $2,693,262 |
| Net Investment Income | $1,519,837 | $671,466 | $334,554 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
108 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
- Beverly S. Worthington - Co-founder and Principal Officer
- David W. Worthington - Co-founder and Chair/Director
- Julie F. Bourgoin - President
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Beverly S Worthington | Chair/Treas/Director | 10 | — |
| Jennifer Edwards | Secretary/Director | 1 | — |
| Julie F Bourgoin | President/Director | 40 | $220,886 |
| Meg Baxter | Director | 1 | — |
| Tony McKim | Director | 1 | — |
| Jeri Sonnier | Director | 1 | — |
Recent News & Activity
Recent developments and announcements
**Worthington–JAX Biomedical Fellows Scholarship:**
The foundation announced a $1 million commitment to The Jackson Laboratory (JAX) to establish the Worthington–JAX Biomedical Fellows Scholarship. This new initiative is designed to expand access to premier biomedical research training for eligible students, young scientists, and educators through JAX's world-class biomedical training programs.
**Program Expansion:**
The foundation's scholarship program has grown significantly since its inception. The first Worthington Scholarships were offered to Oceanside High School in Rockland, Maine, in 2010. Over the following 15 years, the program expanded to serve all public high schools in every county in Maine, leading to the establishment of a small staff to support scholars and the formalization of the foundation in 2017.
Worthington Scholarship FoundationSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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