Private Foundation · ME
Bangor Savings Bank Foundation
Bangor, ME · EIN 043353896 · Website (ProPublica) ↗ · 990s on ProPublica ↗
Assets
$7.0M
Total Giving
$5.1M
Grants on File
609
Average Grant
$8K
Giving Radius
Where Bangor Savings Bank Foundation Has Given
Section I
How to Apply
Organizations recognized under IRS code section 501(c)(3) must provide a copy of their determination letter with their application or grant proposal. Applications can be submitted online at https://www.bangor.com/community/foundation. Potential applicants must submit a completed grant application and describe the initiative seeking support. Prior applicants may reapply one year from the date of prior submission. Decisions and funding are generally announced within 45-75 days of each application deadline.
On Unsolicited Proposals yes
Restrictions
The Foundation considers applications for grants ranging from $2,000 up to $25,000. The Foundation has a preference to support projects and initiatives that do the following: (i) Include a strategy for leveraging other resources; (ii) Produce cost-effective results which can be measured; (iii) Provide incentive for community problem solving; (iv) Encourage coordination with other efforts and do not duplicate programs; (v) Advance strategies that will address recognized needs; and (vi) Demonstrate an ability to obtain future funding. Grant awards are generally limited to the market area served by Bangor Savings Bank. Grant recipients must demonstrate 501(c)(3) status, and need for private financial support. The Foundation does not provide support for political purposes, and generally does not support annual endowments, scholarships, conferences, or budgets.
Section IV
Recent Grants
| Recipient | Amount | Year |
|---|---|---|
| East Boothbay, ME | $2K | 2021 |
| Portsmouth, NH | $5K | 2021 |
| Winslow, ME | $6K | 2021 |
| Westbrook, ME | $6K | 2021 |
| Camden, ME | $5K | 2021 |
| Brunswick, ME | $2K | 2021 |
| Waterville, ME | $1K | 2021 |
| Rockland, ME | $8K | 2021 |
| Bangor, ME | $4K | 2021 |
| Camden, ME | $10K | 2021 |
| Portland, ME | $1K | 2021 |
| Nashua, NH | $5K | 2021 |
| Casco, ME | $5K | 2021 |
| Portland, ME | $20K | 2021 |
| Bangor, ME | $5K | 2021 |
| Saco, ME | $1K | 2021 |
| Wilton, NH | $8K | 2021 |
| West Kennebunk, ME | $5K | 2021 |
| Brooksville, ME | $1K | 2021 |
| Bangor, ME | $5K | 2021 |
| Bangor, ME | $5K | 2021 |
| Waldo, ME | $5K | 2021 |
| Rumford, ME | $5K | 2021 |
| Gardiner, ME | $30K | 2021 |
| Bangor, ME | $2K | 2021 |
Page 1 of 25 · 609 total
Section VI
Filing History
Year-by-year financial summary from IRS 990-PF filings. Total assets and qualifying distributions show the foundation's growth and giving trajectory.
| Year | Total Assets | Qualifying Distributions | Total Revenue | Total Expenses |
|---|---|---|---|---|
| 2024 | $7.3M | $459K | $922K | $1.3M |
| 2023 | $7.7M | $440K | $1.4M | $1.4M |
| 2022 | $7.7M | $495K | $1.6M | $1.4M |
| 2021 | $7.5M | $414K | $1.6M | $1.3M |
| 2020 | $7.2M | $352K | $4.9M | $1.1M |
| 2016 | $3.6M | $222K | $617K | $688K |
| 2015 | $3.7M | $224K | $830K | $660K |
| 2014 | $3.5M | $215K | $755K | $696K |
| 2013 | $3.4M | $197K | $727K | $604K |
| 2012 | $3.3M | $201K | $574K | $694K |
Section VII
Foundations Like This One
Similar in focus area, location, and asset size. Worth researching as part of the same campaign.