Redco Foundation Inc
Preselected recipients only
Redco Foundation Inc is a private foundation in Portland, Maine. In tax year 2024 it gave $312,000 in 19 grants; the typical grant was $10,000 and the largest $100,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$312,000
- Number of grants19
- Typical grant$10,000
- Largest grant$100,000
- Assets$6.5 million
- New grantees16%
Giving in 2024 was up from $264,000 the year before.
16% of its 2024 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2022 | $304,309 | 19 | $4.8 million |
| 2023 | $264,000 | 17 | $5.8 million |
| 2024 | $312,000 | 19 | $6.5 million |
How to apply
Redco Foundation Inc says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Redco Foundation Inc funds
Where it gives
Its grants went to recipients in 5 states, the most to Maine.
| State | Grants | Amount |
|---|---|---|
| Maine | 15 | $272,000 |
| California | 1 | $10,000 |
| Massachusetts | 1 | $10,000 |
| Oregon | 1 | $10,000 |
| Virginia | 1 | $10,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Good Shepherd Food Bank | General Purpose | $100,000 |
| Pen Bay Soccer Club | General Purpose | $27,000 |
| AIO Food Pantry | General Purpose | $25,000 |
| Camden Hills Regional High School | General Purpose | $20,000 |
| In Her Presence | General Purpose | $15,000 |
| Midcoast Youth Center | General Purpose | $15,000 |
| Space Gallery | General Purpose | $15,000 |
| Bring Change To Mind (BC2M) | General Purpose | $10,000 |
| DocSong | General Purpose | $10,000 |
| Mid-Coast Recreation Center | General Purpose | $10,000 |
| Sarah's Village | General Purpose | $10,000 |
| Sundog Outdoor Expeditions | General Purpose | $10,000 |
| Trout Unlimited | General Purpose | $10,000 |
| Wild Salmon Center | General Purpose | $10,000 |
| Camden Food Pantry | General Purpose | $5,000 |
| Coastal Mountains Land Trust | General Purpose | $5,000 |
| Peopleplace | General Purpose | $5,000 |
| Restorative Justice Project Maine | General Purpose | $5,000 |
| Sweet Tree Arts | General Purpose | $5,000 |
Officers and trustees
- Richard A Bresnahan
- Matie B Little
- Richard M Bresnahan
- Elizabeth W Bresnahan
- Lillianna Bresnahan
Questions people ask
Does Redco Foundation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Redco Foundation Inc give?
$312,000 in tax year 2024, across 19 grants, with a typical grant of $10,000.
Who runs Redco Foundation Inc?
Its 2024 filing lists Richard A Bresnahan (Director, President), Matie B Little (Secretary/Clerk), Richard M Bresnahan (Director, VP/Treasurer) and Elizabeth W Bresnahan (Director) among 5 officers and trustees.
What does Redco Foundation Inc fund?
Based on its grants, mainly food and hunger, arts and culture and environment and conservation.