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Filing year 2024

Bangor Savings Bank Foundation

Bangor, Maine·EIN 04-3353896·NTEE T21J · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$834k
Total assets
$7M
Total expenses
$1.2M
Reported officers
12

Reported officers (all unpaid)

No paid executives reported in 2024. Bangor Savings Bank Foundation reported 12 unpaid officers and board members on its 990-PF.

Director
Director
Director
Director
Director
Director
Director
Chair
Vice Chair
President
Treasurer
Vp/secretary/clerk

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$1.2M

Itemized grants

156

Median grant

$5k

RecipientLocationPurposeAmount
Bangor Region YMCABangor, MEGeneral Operating Support$50k
Friends of Katahdin Woods and WatersPortland, MEGeneral Operating Support$50k
LifeFlight FoundationCamden, MEGeneral Operating Support$50k
Maine Public Broadcasting CorporationLewiston, MEGeneral Operating Support$50k
MaineHealthPortland, MEGeneral Operating Support$50k
Northeastern UniversityBoston, MAGeneral Operating Support$50k
Heart of Maine United WayBangor, MEGeneral Operating Support$42k
Acadia Hospital CorpBangor, MEGeneral Operating Support$40k
Avesta Housing Development CorporationPortland, MEGeneral Operating Support$30k
Good Shepherd Food BankAuburn, MEGeneral Operating Support$25k
Maine General HealthWaterville, MEGeneral Operating Support$25k
The Foundation for Maine Community CollegesSouth Portland, MEGeneral Operating Support$25k
Mount Desert Island HospitalBar Harbor, MEGeneral Operating Support$20k
United Way of Southern MainePortland, MEGeneral Operating Support$18k
Seniors PlusLewiston, MEGeneral Operating Support$15k
River City AthleticsBangor, MEGeneral Operating Support$13k
Trinity Jubilee CenterLewiston, MEGeneral Operating Support$13k
Bangor Area Homeless ShelterBangor, MEGeneral Operating Support$10k
Tedford HousingBrunswick, MEGeneral Operating Support$10k
The Ark Animal ShelterCherryfield, MEGeneral Operating Support$10k
Youth and Family OutreachPortland, MEGeneral Operating Support$10k
Pine Tree HospiceDoverFoxcroft, MEGeneral Operating Support$9k
Webster HouseManchester, NHGeneral Operating Support$9k
Catherine Morrill Day NurseryPortland, MEGeneral Operating Support$8k
Community Action Partnership of StraffordDover, NHGeneral Operating Support$8k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

Bangor Savings Bank Foundation reported revenue and expenses across 3 filing years.

RevenueExpenses
$1.4M
$1.4M
2022
$922k
$1.3M
2023
$834k
$1.2M
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Maine

Bangor Savings Bank Foundation reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Maine earns a median of $12,000.

25th percentile
$4k
Median
$12,000
75th percentile
$38k
90th percentile
$119k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 194 organizations across 194 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Maine
FAQ

Common questions about Bangor Savings Bank Foundation

What are Bangor Savings Bank Foundation's revenue and expenses?

In 2024, Bangor Savings Bank Foundation reported $834k in total revenue and $1.2M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.