Private Foundation · ME · Private Grantmaking Foundations
Franklin Savings Bank Community Development Foundation
Farmington, ME · EIN 311719226 · Website ↗ · 990s on ProPublica ↗
Assets
$4.2M
Total Giving
$1.2M
Grants on File
352
Average Grant
$3K
Giving Radius
Where Franklin Savings Bank Community Development Foundation Has Given
Section I
How to Apply
All requests for funding from the Franklin Savings Bank Community Development Foundation should be made in writing by letter or the Charitable Request form. The formal application can be found online on the foundation's website at https://www.franklinsavings.bank/about/community-involvement/. The application can be mailed to the FSB Community Development Foundation at P.O. Box 825, Farmington, ME 04938. Grants are only awarded to qualifying public charities and government organizations. Applicants should include their full name, their tax ID number, and a copy of their IRS nonprofit determination letter. Applicants should also provide their address and contact information, the purpose for which they are seeking a grant, a dollar amount requested, and governance and conflict of interest disclosures.
On Unsolicited Proposals yes
Restrictions
Foundation only considers requests that benefit the communities of the Foundation's local business area. The Foundation favors requests that target economic development; that help low-income communities; or that assist with job retention and training. The Foundation will not assist individuals raising money for trips, personal crisis, or medical problems; additionally, the Foundation will not assist individuals seeking pledges for charity walks or runs, though it may provide corporate sponsorships to qualifying events. The Foundation provides support for scholarship programs directly with qualifying schools in its operating region, and therefore does not contribute to other personal or individual scholarship fund-raising efforts.
Section IV
Recent Grants
| Recipient | Amount | Year |
|---|---|---|
| Skowhegan, ME | $2K | 2020 |
| Farmington, ME | $450 | 2020 |
| Skowhegan, ME | $5K | 2020 |
| West Farmington, ME | $7K | 2020 |
| Kingfield, ME | $5K | 2020 |
| Wilton, ME | $2K | 2020 |
| Carabassett Valley, ME | $10K | 2020 |
| Lewiston, ME | $1K | 2020 |
| Ellsworth, ME | $3K | 2020 |
| Farmington, ME | $100 | 2020 |
| Rumford, ME | $65 | 2020 |
| Waterville, ME | $150 | 2020 |
| Skowhegan, ME | $500 | 2020 |
| Rumford, ME | $3K | 2020 |
| Dallas, TX | $500 | 2020 |
| Rumford, ME | $12K | 2020 |
| W Farmington, ME | $2K | 2020 |
| North Anson, ME | $3K | 2020 |
| Bethesda, MD | $500 | 2020 |
| Dixfield, ME | $3K | 2020 |
| Ellsworth, ME | $2K | 2020 |
| Farmington, ME | $3K | 2020 |
| Farmington, ME | $35K | 2020 |
| Ellsworth, ME | $3K | 2020 |
| Madison, ME | $3K | 2020 |
Page 1 of 15 · 352 total
Section V
Board of Directors
- Bradford S Adley Director
- Robert L Berry III Director
- James L Eastlack Director
- Richard H Smith Director
- James M Witt IV Director
- Katherine W Yardley Director (start June 2023)
- Peter L Judkins Chairperson
- Timothy J Thompson President
- Pamala J Dixon Treasurer and Secretary
- Dylan Smith Assistant Treasurer
- Bradford S Adley Director
- Robert L Berry III Director
- James L Eastlack Director
- Richard H Smith Director
- James M Witt IV Director
- Peter L Judkins Chairperson
- Timothy J Thompson President
- Pamala J Dixon Treasurer and Secretary
- Dylan Smith Assistant Treasurer
- Bradford S Adley Director
- Robert L Berry III Director
- Richard H Smith Director
- James M Witt IV Director
- Peter L Judkins Chairperson
- Richard Walker Chairperson (end 12/2021)
- Timothy J Thompson President
- Shelley W Deane Secretary
- Pamala J Dixon Treasurer/Clerk
- Bradford S Adley Director
- Mary Ellen Carpenter Director (end 12/2020)
- Robert L Berry III Director
- Richard H Smith Director
- James M Witt IV Director
- Peter L Judkins Chairperson
- Timothy J Thompson President
- Shelley W Deane Secretary
- Pamala J Dixon Treasurer/Clerk
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 |
|---|---|---|---|---|
| 2023 | $3.9M | $183K | $626K | $492K |
| 2022 | $3.8M | $168K | $565K | $240K |
| 2021 | $3.5M | $175K | $557K | $162K |
| 2020 | $3.1M | $142K | $354K | $303K |
| 2015 | $2.4M | $120K | $48K | $165K |
| 2014 | $2.5M | $132K | $292K | $149K |
| 2013 | $2.4M | $115K | $197K | $190K |
| 2012 | $2.3M | $116K | $160K | $165K |
| 2011 | $2.4M | $119K | $51K | $193K |
Section VII
Foundations Like This One
Similar in focus area, location, and asset size. Worth researching as part of the same campaign.