Bangor Savings Bank Foundation
Accepts applications
Bangor Savings Bank Foundation is a private foundation in Bangor, Maine. In tax year 2024 it gave $1.2 million in 156 grants; the typical grant was $4,750 and the largest $50,000. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$1.2 million
- Number of grants156
- Typical grant$4,750
- Largest grant$50,000
- Assets$9.3 million
- New grantees78%
Giving in 2024 was down from $1.2 million the year before.
78% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2022 | $1.4 million | 157 | $9.4 million |
| 2023 | $1.2 million | 152 | $9.9 million |
| 2024 | $1.2 million | 156 | $9.3 million |
How to apply
| Contact | Program Officer The Bangor Savings 24 Hamlin Way PO Box 930, Bangor, ME 04402-0930 |
|---|---|
| Phone or email | (877) 226-4671, foundation@bangor.com |
| What to submit | To apply for a grant from the Foundation, applicants should review their applicable Grant Guidelines and submit the online application found at the following website: https://www.bangor.com/the-bangor-savings-bank-foundation/ Potential applicants must submit a completed grant application, including at least the following: (I) describing the initiative seeking support; (II) how the award benefits the region served by Bangor Savings Bank; and (III) attestation of 501(3) tax-exempt status. Applications are reviewed bi-annually. Prior applicants may reapply one year from the date of prior submission. Decisions on funding are generally announced within 45-75 days of each application deadline. |
| Deadlines | Applications are due by January 1, April 1, July 1, or October 1 to be valid for consideration. |
| Restrictions | The Foundation considers applications for grants ranging from $2,000 up to $25,000, and focuses its philanthropic efforts on improving the vitality of Northern New England's regional and statewide economies through economic and workforce development in Maine, New Hampshire, and Massachusetts. Accordingly, the Foundation has a preference to support projects and initiatives in the following areas: (I) economic development; (II) education; (III) social and community services; (IV) culture and arts; and (V) health and wellness. The Foundation does not generally provide support for the following: political organizations; religious organizations or causes; sectarian purposes; endowments; salaries; scholarships; conferences; seminars; festivals, or similar events. |
Foundation website IRS filings on ProPublica
What Bangor Savings Bank Foundation funds
Where it gives
Its grants went to recipients in 5 states, the most to Maine.
| State | Grants | Amount |
|---|---|---|
| Maine | 111 | $934,600 |
| New Hampshire | 42 | $158,700 |
| Massachusetts | 1 | $50,000 |
| Georgia | 1 | $5,500 |
| Virginia | 1 | $2,500 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Bangor Region YMCA | General Operating Support | $50,000 |
| Friends of Katahdin Woods and Waters | General Operating Support | $50,000 |
| LifeFlight Foundation | General Operating Support | $50,000 |
| Maine Public Broadcasting Corporation | General Operating Support | $50,000 |
| MaineHealth | General Operating Support | $50,000 |
| Northeastern University | General Operating Support | $50,000 |
| Heart of Maine United Way | General Operating Support | $42,450 |
| Acadia Hospital Corp | General Operating Support | $40,000 |
| Avesta Housing Development Corporation | General Operating Support | $30,000 |
| Good Shepherd Food Bank | General Operating Support | $25,000 |
| Maine General Health | General Operating Support | $25,000 |
| The Foundation for Maine Community Colleges | General Operating Support | $25,000 |
| Mount Desert Island Hospital | General Operating Support | $20,000 |
| United Way of Southern Maine | General Operating Support | $17,800 |
| Seniors Plus | General Operating Support | $15,000 |
| River City Athletics | General Operating Support | $12,500 |
| Trinity Jubilee Center | General Operating Support | $12,500 |
| Bangor Area Homeless Shelter | General Operating Support | $10,000 |
| Tedford Housing | General Operating Support | $10,000 |
| The Ark Animal Shelter | General Operating Support | $10,000 |
| Youth and Family Outreach | General Operating Support | $10,000 |
| Pine Tree Hospice | General Operating Support | $9,220 |
| Webster House | General Operating Support | $8,700 |
| Catherine Morrill Day Nursery | General Operating Support | $7,500 |
| Community Action Partnership of Strafford | General Operating Support | $7,500 |
| Fair Tide Inc | General Operating Support | $7,500 |
| Junior Achievement of Maine | General Operating Support | $7,500 |
| Maine Children's Home for Little Wanderers | General Operating Support | $7,500 |
| Maine Immigrant & Refugee Services | General Operating Support | $7,500 |
| Volunteers of America Northern New England | General Operating Support | $7,500 |
| Wayfinder Schools | General Operating Support | $7,500 |
| YMCA Auburn-Lewiston Maine | General Operating Support | $7,500 |
| Young Men's Christian Assoc Boothbay Region YMCA | General Operating Support | $7,500 |
| Blue Hills Heritage Trust | General Operating Support | $7,000 |
| Open Table MDI | General Operating Support | $6,500 |
| United Way of Kennebec Valley | General Operating Support | $5,850 |
| Arts in Reach | General Operating Support | $5,500 |
| Baxter Academy of Maine | General Operating Support | $5,500 |
| Bigelow Laboratory for Ocean Sciences | General Operating Support | $5,500 |
| Central Maine Area Agency on Aging | General Operating Support | $5,500 |
Officers and trustees
- Kathryn L Barber
- George F Eaton II Esq
- Sari S Greene
- Susan C Hammond
- Laurie G Lachance
- Scott A Oxley
- Joyce Clark Sarnacki
- Robert S Montgomery-Rice
- Gena R Canning
- Vincent P Veroneau
- Michael O'Connor
- Wendy Durrah
Questions people ask
Does Bangor Savings Bank Foundation accept grant applications?
Yes. Its latest IRS filing says it accepts applications, with this on deadlines: Applications are due by January 1, April 1, July 1, or October 1 to be valid for consideration..
How much does Bangor Savings Bank Foundation give?
$1.2 million in tax year 2024, across 156 grants, with a typical grant of $4,750.
Who runs Bangor Savings Bank Foundation?
Its 2024 filing lists Kathryn L Barber (Director), George F Eaton II Esq (Director), Sari S Greene (Director) and Susan C Hammond (Director) among 12 officers and trustees.
What does Bangor Savings Bank Foundation fund?
Based on its grants, mainly human services, health and education.