A Private Foundation located in PORTLAND, ME



Latest data derived from the private foundation e-Filings updated by the IRS

IRS Form 990 PF

L

2020 Tax Year

About this Private Foundation: 1487

The foundation is located in Portland and provides business grants and furniture transfers upon dissolution. It focuses on general charitable activities, particularly supporting young entrepreneurs aged eighteen to twenty-nine. The foundation awarded six grants to assist these individuals in starting or expanding their businesses. Additionally, it allocates resources for other recipients determined by the board. By funding entrepreneurial initiatives, the foundation aims to foster economic growth and innovation within the community.

Foundation Profile

The foundation is dedicated to fostering entrepreneurship and supporting young business leaders. Its mission is to empower individuals aged eighteen to twenty-nine by providing essential funding to help them start or expand their businesses. This commitment to nurturing the next generation of entrepreneurs is reflected in the foundation's targeted grant programs. In the tax year 2021, the foundation distributed a total of $31.4K in grants, demonstrating its dedication to charitable giving and nonprofit support. The total expenditure for this year was $31.0K, ensuring that funds are effectively utilized to achieve its mission. The foundation primarily focuses on business grants and the transfer of furniture upon dissolution, which allows for a unique approach to supporting local businesses. The foundation awarded six grants in 2021, specifically designed for young entrepreneurs. These grants aim to provide financial assistance that can help recipients launch new ventures or expand existing operations. The funding priorities emphasize innovation, sustainability, and community impact, ensuring that grants are awarded to projects that align with the foundation's values. Geographically, the foundation concentrates its efforts in Portland and surrounding areas, with a particular interest in supporting local businesses in Maine. This localized approach allows the foundation to have a meaningful impact on the community by investing in businesses that contribute to the regional economy. Eligible applicants include young entrepreneurs within the specified age range, as well as other recipients determined by the foundation's board. The application process is straightforward, allowing qualified individuals to present their business ideas and demonstrate how funding can facilitate growth and success. In 2021, notable grants included significant support for various businesses, such as a $10.0K grant to a hospitality establishment in Greenville, Maine, and $5.0K grants to several innovative startups across the state. These contributions exemplify the foundation's commitment to fostering entrepreneurial spirit and economic development. For those interested in pursuing funding opportunities, the foundation invites qualified applicants to explore available grants. By leveraging The Grant Portal, individuals can find and apply for funding that aligns with their business goals and aspirations. Take the next step in your entrepreneurial journey today.
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PORTLAND, ME

Summary

Assets

$0

Distributions

$31.4k

Contributions

$31k

Grant Median

$5.2k

Count

6

Grant Max

$10k
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Latest Tax e-Filing

2020

Published by IRS

2021

People

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# Name Title Hours / Wk Comp ($)

Charitable Activities

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Grants

Filters

Amount

Min
-
Max

State

ME

City

PORTLAND

Purpose

Interest

6 results

Amount Name Purpose Location Year

Application Guidelines

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Instructions

Deadlines

Restrictions

Contact

About The Grant Portal 

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The Grant Portal is aimed at giving nonprofits unfettered access to a public dataset of Form 990 tax filings published by the IRS.

The project republishes the IRS dataset, verbatim, focusing exclusively on Form 990 PF, the form most commonly filed by private foundations.

Note that the IRS dataset only contains information from electronically-filed tax returns.

The Grant Portal is not affiliated, associated, authorized, endorsed by, or in any way officially connected with any foundation appearing on the site.

Grants by Interest

Aging/Seniors
Agriculture & Farming
Arts, Culture, History, Music & Humanities
Awards
Black, Indigenous, People of Color
Business & Commerce
Capital Funding
Children & Childcare
Climate Change
College Scholarship
Community Development & Services
Community/Economic Development
Conflict Resolution
Coronavirus COVID-19
Disabilities
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Domestic Violence
Education
Elementary Education
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Higher Education
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Individual
International
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LGBTQ
Literacy & Libraries
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Municipalities
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Non-Profit Support Services
Opportunity Zone Benefits
Other
Pets/Animals/Wildlife
Preschool
Preservation
Quality of Life
Refugee/Immigrant
Regional Development
Research & Evaluation
Science, Technology Research & Development
Secondary Education
Small Business
Social Justice
Special Education
Sports & Recreation
Students
Substance Abuse
Teachers
Technology
Transportation
Travel & Tourism
Veterans
Women
Youth/Out-of-School Youth

Grants By Location

Grants Eligibility

Associations
County Parks and Recreation
Federal Government
Fish and Wildlife
For profit corporations other than small businesses
Independent Schools
Individuals
Local Government
Municipalities
Native American Tribal Organizations (Federally recognized)
Native American Tribal Organizations (other than Federally recognized tribal governments)
Non-Profit Organizations with 501(c)(3) designation
Non-Profit Organizations with Fiscal Sponsor
Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education
Nonprofits that do not have a 501(c)(3) status with the IRS, other than institutions of higher education
Private institutions of higher education
Public and State controlled institutions of higher education
Small Businesses
Specialized District Governments
State Governments
Unrestricted
Private Foundation Grants of $5.2k Available in PORTLAND, ME