Federal Savings Bank Charitable

Portland, ME 04112 EIN 813339509

https://N/A
$5K Total Assets (2018)
N/A Total Giving (2018)
0 Grants on File (2018–2020)
N/A Avg Grant Size

About

During 2020, the Foundation's trustees voted to liquidate and transfer all of its remaining assets to various 501(c)(3) public charities in an effort to voluntarily terminate its private foundation status under Section 507(a)(1) of the Internal Revenue Code. During the tax year ending December 31, 2020, the Foundation made liquidating distributions totaling $1,211 to two public charities as listed in Part XV of this year's return. Immediately following each liquidating transfer, the Foundation retained no legal right, title, or interest in any transferred asset. At the time of this filing, the Organization has legally dissolved as a going concern with the State of New Hampshire and the box on page 1 has been checked, declaring this a final return.

Application Information

Accepts Unsolicited Proposals No — Preselected Only
Contact Person Tiffany Melanson
Phone 6038426477
Deadlines None; applications accepted year round.
How to Apply No current required format; standardized application will be available in 2018. Contact Tiffany Melanson for additional information.
Restrictions Grantees must be located in the New Hampshire Seacoast area. Emphasis is on organizations providing services for low to moderate income individuals and families.

Financial Trends 2022 data appears limited (dashed line) because the IRS transitioned its e-filing system that year and only published 2 months of XML archives.

Giving Over Time

Total Assets Over Time

View financial data as table
YearTotal GivingTotal AssetsRevenueGrants
2018 N/A $5K $57K N/A
2020 N/A $0 $2K N/A

Geographic Distribution

US Grant Distribution Map

Key Personnel

NameTitleCompensation
Richard Donovan Board Member
Michael Bolduc Board Member
Dana Lynch Chair
Thomas TJ Jean Vice Chair
James R Brannen Treasurer
Tiffany Melanson Secretary
Jennifer Stauffis Board Member
James J O'Neill Jr Board Member (Part Year)

Grants Awarded (0 total)

RecipientLocationAmountPurposeYear