Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
John T Gorman Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)One Canal Plaza 800
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Portland, ME04101
A Employer identification number

01-0498551
B Telephone number (see instructions)

(207) 518-6784
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$214,146,299J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 831,257 831,257  
4 Dividends and interest from securities... 689,594 689,594  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 11,780,151
b Gross sales price for all assets on line 6a 58,743,691
7 Capital gain net income (from Part IV, line 2)... 10,044,784
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
0 -159,929  
12 Total. Add lines 1 through 11........ 13,301,002 11,405,706  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 709,134 73,410   635,724
14 Other employee salaries and wages...... 696,920 73,646   623,274
15 Pension plans, employee benefits....... 222,431 17,586   204,845
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
39,475 4,236   35,239
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
762,752 544,714   218,038
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
273,913 15,997   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
67,292 0  
20 Occupancy.............. 186,013 10,454   175,559
21 Travel, conferences, and meetings....... 52,258 0   52,258
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
125,060 5,322   388,540
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,135,248 745,365   2,333,477
25 Contributions, gifts, grants paid....... 8,467,235 8,467,235
26 Total expenses and disbursements. Add lines 24 and 25 11,602,483 745,365   10,800,712
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,698,519
b Net investment income (if negative, enter -0-) 10,660,341
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 539,693 538,695 538,695
2 Savings and temporary cash investments......... 5,265,898 2,395,999 2,395,999
3 Accounts receivable right arrow4,872,367
Less: allowance for doubtful accounts right arrow     4,872,367 4,872,367
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow750,000
Less: allowance for doubtful accounts right arrow0 750,000 750,000 750,000
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 606,902 782,224 782,224
10a Investments—U.S. and state government obligations (attach schedule) 24,119,464 Click to see attachment
List of Attached Documents:
// Content
21,060,564 		21,060,564
b Investments—corporate stock (attach schedule)....... 81,461,855 Click to see attachment
List of Attached Documents:
// Content
84,945,688 		84,945,688
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 90,022,308 Click to see attachment
List of Attached Documents:
// Content
97,799,261 		97,799,261
14 Land, buildings, and equipment: basis right arrow1,032,453
Less: accumulated depreciation (attach schedule) right arrow737,526 350,978 Click to see attachment
List of Attached Documents:
// Content
294,927 		294,927
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
841,472 		Click to see attachment
List of Attached Documents:
// Content
706,574 		Click to see attachment
List of Attached Documents:
// Content
706,574
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 203,958,570 214,146,299 214,146,299
Liabilities 17 Accounts payable and accrued expenses.......... 622,651 693,023
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,554,654 		Click to see attachment
List of Attached Documents:
// Content
1,474,602
23 Total liabilities (add lines 17 through 22)......... 2,177,305 2,167,625
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 201,781,265 211,978,674
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 201,781,265 211,978,674
30 Total liabilities and net assets/fund balances (see instructions). 203,958,570 214,146,299
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
201,781,265
2
Enter amount from Part I, line 27a .....................
2
1,698,519
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
8,498,890
4
Add lines 1, 2, and 3 ..........................
4
211,978,674
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
211,978,674
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly Traded Securities P 2022-12-30 2023-12-30
b Net Adjustment for Pass-Through Losses P 2022-12-30 2023-12-30
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 58,743,691   46,963,540 11,780,151
b     1,735,367 -1,735,367
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       11,780,151
b       -1,735,367
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 10,044,784
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 148,179
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 148,179
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 148,179
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 295,537
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 30,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 325,537
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 177,358
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow177,358 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowME
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowwww.jtgfoundation.org
14
The books are in care ofright arrowMichael Bevilacqua Telephone no.right arrow (207) 518-6784

Located atright arrowOne Canal Plaza 800PortlandME ZIP+4right arrow04101
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Nicole Witherbee ex officio President, CEO, & Director
40.00 		362,077 30,179 0
One Canal Plaza Suite 800
Portland,ME04101
Michael Bevilacqua CFO/Treasurer, Chief Operating Officer
40.00 		289,686 27,192 0
One Canal Plaza Suite 800
Portland,ME04101
Anne Dinsmore Director
2.00 		0 0 0
One Canal Plaza Suite 800
Portland,ME04101
Maggie Christie Keohan Director
2.00 		0 0 0
One Canal Plaza Suite 800
Portland,ME04101
Richard W Petersen Director
1.00 		0 0 0
One Canal Plaza Suite 800
Portland,ME04101
Rebecca Hatfield Director
1.50 		0 0 0
One Canal Plaza Suite 800
Portland,ME04101
John Sullivan Director
2.00 		0 0 0
One Canal Plaza Suite 800
Portland,ME04101
Shawn O Gorman Chairman & Director
2.50 		0 0 0
One Canal Plaza Suite 800
Portland,ME04101
Martha E Greene Secretary & Director
2.50 		0 0 0
One Canal Plaza Suite 800
Portland,ME04101
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
Jennifer Beck VP, Programs
40.00 		214,491 25,736 0
One Canal Plaza Suite 800
Portland,ME04101
Kristen McAuley Senior Program Assoc
40.00 		115,469 12,386 0
One Canal Plaza Suite 800
Portland,ME04101
Lauralee Raymond Manager, Special Ini
40.00 		97,909 26,857 0
One Canal Plaza Suite 800
Portland,ME04101
Jennifer Rice Executive Assistant
40.00 		76,069 26,214 0
One Canal Plaza Suite 800
Portland,ME04101
Andrew Colvin Director, Communicat
32.00 		84,515 17,102 0
One Canal Plaza Suite 800
Portland,ME04101
Total number of other employees paid over $50,000...................right arrow 2
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
Cambridge Associates Investment Advisory Services 341,898
125 High Street
Boston,MA02110
Northern Trust Company Investment Custody Services 132,101
50 South LaSalle Street
Chicago,IL60603
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
205,175,393
b
Average of monthly cash balances.......................
1b
539,194
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
205,714,587
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
205,714,587
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
3,085,719
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
202,628,868
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
10,131,443
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
10,131,443
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
148,179
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
30,925
c
Add lines 2a and 2b............................
2c
179,104
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
9,952,339
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
9,952,339
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
9,952,339
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
10,800,712
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
10,800,712
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 9,952,339
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 10,331,697
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 10,800,712
a Applied to 2022, but not more than line 2a 10,331,697
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 469,015
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		9,483,324
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Jennifer Beck
One Canal Plaza Suite 800
Portland,ME04101
(207) 518-6784
bThe form in which applications should be submitted and information and materials they should include:
www.jtgfoundation.org
cAny submission deadlines:
See 2(b) above
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
See 2(b) above
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

American National Red Cross

431 18th Street NW
Washington,DC200065310 		N/A PC Support for displaced residents of a senior housing facility in Waterville, Maine 26,000

Area Interfaith Outreach

PO Box 113
Rockland,ME048410113 		N/A PC Food, basic supplies and energy assistance for Knox County 20,000

Aroostook County Action Program

771 Main Street
Presque Isle,ME047692201 		N/A PC Housing assistance individuals and families in Aroostook County 25,000

Aspen Institute

2300 North Street NW
Washington,DC200371122 		N/A PC Aspen Institute's Ascend Network's two-generation initiatives 100,000

Augusta Food Bank

161 Mount Vernon Avenue
Augusta,ME043304230 		N/A PC To provide general operating support 15,000

Avesta Housing Development Corporation

307 Cumberland Avenue
Portland,ME04101 		N/A PC West End II and Porter Station Resident Services Coordinator 51,000

Bangor Area Homeless Shelter

263 Main Street
Bangor,ME044016403 		N/A PC To provide general operating support 20,000

Bangor Housing Development Corporation

161 Davis Road
Bangor,ME044012310 		N/A PC To support Moving Families Forward 260,000

Bath Housing Development Corporation

80 Congress Avenue
Bath,ME045301542 		N/A PC To provide general operating support 15,000

Belfast Soup Kitchen

PO Box 1153
Belfast,ME049151153 		N/A PC To provide general operating support 15,000

Bethel Area District Exchange and Food Pantry

16 Church Street
Bethel,ME04217 		N/A PC To provide general operating support 15,000

Boys and Girls Club of Bangor

161 Davis Road
Bangor,ME044012310 		N/A PC To support Moving Families Forward 241,000

Boys and Girls Clubs of Southern Maine

277 Cumberland Avenue
Portland,ME041014919 		N/A PC Basic needs for newly arrived youth such as transportation, food, and language support 25,000

Catholic Charities Maine

307 Congress Street
Portland,ME04101 		N/A PC $20,000 Maine SEARCH Program; $35,000 Aroostook County food programs 55,000

Cedars Nursing Care Center Inc

630 Ocean Avenue
Portland,ME041032704 		N/A PC $1,500 Wes Bonney Humanitarian Award Dinner; $25,000 telehealth 26,500

Center for a Green Future Growing to Give

30 E Coxon Road
Brunswick,ME040117183 		N/A PC To provide general operating support 10,000

Central Maine Area Agency on Aging

1 Western Court
Augusta,ME043305543 		N/A PC For immediate basic needs of older adults experiencing poverty 25,000

Centre Street Congregational Church UCC

9 Center Street
Machias,ME04654 		N/A PC To support the general operations of the Machias Area Food Pantry 25,000

CHiP Inc

PO Box 6
Newcastle,ME045530006 		N/A PC To provide general operating support 10,000

City of Lewiston

27 Pine Street
Lewiston,ME04240 		N/A GOV $50,000 child care centers; $185,000 Neighborhood Development Planner staff position 235,000

Coastal Rivers Conservation Trust

PO Box 333
Damariscotta,ME045430333 		N/A PC Support to Twin Villages Foodbank Farm 20,000

Common Good Soup Kitchen Community

PO Box 265
Southwest Harbor,ME046790265 		N/A PC For food-insecure households, food pantry, food delivery programs 12,500

Common Unity Place

103 Dr Mann Road
Skowhegan,ME04976 		N/A PC To provide general operating support 10,000

Commonspace

103 India Street
Portland,ME041040992 		N/A PC To provide general operating support 20,000

Community Care

PO Box 936
Bangor,ME044020936 		N/A PC Shaw House Street Outreach Program 15,000

Community Compass

PO Box 552
Blue Hill,ME04614 		N/A PC To provide general operating support 15,000

Community Concepts

240 Bates Street
Lewiston,ME042407330 		N/A PC Mental health and other concerns following violence events in Lewiston 50,000

Council for a Strong America

1025 Connecticut Avenue NW
Washington,DC20036 		N/A PC Council for a Strong America's work co-leading the Right From The Start Coalition 25,000

Eastern Area Agency on Aging

240 State Street
Brewer,ME044121519 		N/A PC Meals for low-income older and disabled adults in Maine 25,000

Eastern Maine Community College

354 Hogan Road
Bangor,ME04401 		N/A GOV Industry Exploration Training 54,000

Elder Abuse Institute Of Maine

135 Maine Street Suite A 152
Brunswick,ME040112098 		N/A PC To provide general operating support 15,000

Ellsworth Free Medical Clinic

248 State Street Suite 16
Ellsworth,ME046051850 		N/A PC To provide general operating support 15,000

Emmanuel Lutheran Episcopal Church

209 Eastern Avenue
Augusta,ME043305951 		N/A PC To provide general operating support for the Bridging the Gap program 15,000

Entrepreneurship for All (EforAll)

175 Cabot Street
Lowell,MA018543640 		N/A PC Prime Ecosystem grant to expand entrepreneurship opportunities 50,000

Family Planning Association of Maine

PO Box 587
Augusta,ME043320587 		N/A PC Reproductive care, services, and education; and substance abuse services 20,000

First Congregational Church of Waterville Maine

21 College Avenue
Waterville,ME04901 		N/A PC Waterville Area Essentials Closet 15,000

Fish River Rural Health

10 Carter Street
Eagle Lake,ME047390309 		N/A PC To support Aroostook County food programs 15,000

Footprints Food Pantry

PO Box 246
Kittery,ME039040246 		N/A PC To provide general operating support 20,000

Foundation for Maine's Community Colleges

54 Lighthouse Circle
South Portland,ME04106 		N/A PC To support the Leon A. Gorman Endowed Scholarship Fund 10,000

Foundation for Portland Public Schools

353 Cumberland Avenue
Portland,ME041012957 		N/A PC Basic need resources for Reiche School students and their families 15,000

Foundations Inc

701 East Gate Drive
Mt Laurel,NJ08054 		N/A PC Campaign for Grade Level Reading's Learning and Engagement Opportunity 25,000

Franklin County Children's Task Force

113 Church Street
Farmington,ME04938 		N/A PC For parents who are pursuing necessary academic or technical coursework 25,000

Frannie Peabody Center

30 Danforth Street
Portland,ME041014574 		N/A PC FRAN Fund Program, providing financial assistance for basic needs 20,000

Friends in Action

PO Box 1446
Ellsworth,ME046051446 		N/A PC To provide general operating support 12,000

Friends of Katahdin Woods and Waters

PO Box 18177
Portland,ME041128177 		N/A PC To provide general operating support 25,000

Full Plates Full Potential

14 Maine Street
Brunswick,ME040112049 		N/A PC Access to and awareness of summer meals for children and families 105,000

Girl Scouts of Maine

138 Gannett Drive
South Portland,ME04106 		N/A PC Afterschool programming to girls and families 77,000

Good Shepherd Food Bank

PO Box 1807
Auburn,ME042111807 		N/A PC $15,000 general support; $150,000 Youth and Family Initiatives program 165,000

Greater Portland Family Promise

PO Box 11048
Portland,ME041047048 		N/A PC To provide general operating support 15,000

Greater Portland Immigrant Welcome Center

24 Preble Street
Portland,ME041014901 		N/A PC iEnglish Project, which offers instruction by qualified ESOL instructors 20,000

Gulf of Maine Research Institute

350 Commercial Street
Portland,ME041014618 		N/A PC To provide general operating support 10,000

HOME Inc

PO Box 10
Orland,ME044720010 		N/A PC To provide general operating support 15,000

Hand in Hand Mano en Mano

4 Maple Street
Milbridge,ME04658 		N/A PC To provide general operating support 25,000

Harrison Food Bank

PO Box 112
Harrison,ME040400112 		N/A PC To provide general operating support 10,000

Healthy Acadia

140 State Street
Ellsworth,ME046051832 		N/A PC $15,000 Downeast Gleaning; $56,000 housing needs; $150,000 Safe Harbor Recovery Home 221,000

Healthy Homeworks

550 Lisbon Street
Lewiston,ME04240 		N/A PC First-time homeowner condo pilot for aspiring homeowners 150,000

Healthy Island Project

304 Sunset Road
Deer Isle,ME04627 		N/A PC Food security programs to older adults, children and families 25,000

Healthy Neighborhoods

PO Box 383
Lewiston,ME042430383 		N/A PC To support Healthy Neighborhood's community engagement efforts 75,000

Heart of Maine Resource Center

6 Main Street
Dexter,ME04930 		N/A PC To support food programming 10,000

Her Safety Net

166 Blake Street
Lewiston,ME04240 		N/A PC To provide general operating support 15,000

In Her Presence

4 Milk Street
Portland,ME04101 		N/A PC Mothers Circles programming with trained Maternal and Child Health Community Influencers 135,000

Intercultural Community Center

36 Patrick Drive
Westbrook,ME040924807 		N/A PC Family CARES Program, which provides resources, wraparound services, and opportunities 20,000

Jewish Community Alliance of Southern Maine

1342 Congress Street
Portland,ME041022117 		N/A PC To purchase diapers for the KJFS Diaper Pantry 15,000

Knox County Homeless Coalition

PO Box 1696
Rockland,ME048411696 		N/A PC To provide general operating support 15,000

Lake Region Senior Service

PO Box 816
Bridgton,ME040090816 		N/A PC To provide general operating support 12,000

Legal Services for the Elderly

5 Wabon Street
Augusta,ME043307040 		N/A PC To provide general operating support 20,000

Lewiston Auburn Metropolitan Chamber of Commerce Foundation

415 Lisbon Street Suite 100
Lewiston,ME042407663 		N/A PC Employer-driven transportation solutions that increase transit access 100,000

Lewiston Public Schools

36 Oak Street
Lewiston,ME04240 		N/A GOV To support for students, staff, teachers, and the Lewiston community 100,000

Loaves and Fishes Food Pantry

PO Box 1672
Ellsworth,ME046055172 		N/A PC To provide general operating support 20,000

Locker Project

PO Box 3134
Portland,ME041043134 		N/A PC To provide general operating support 15,000

Mabel Wadsworth Women's Health Center

700 Mount Hope Avenue 420
Bangor,ME044015678 		N/A PC For physical and mental health care needs of low-income Mainers 25,000

Maine Association For New Americans

PO Box 8002
Portland,ME04104 		N/A PC To support trauma-informed, multilingual and multicultural transportation program 25,000

Maine Association for the Education Of Young Children

295 Water Street Suite 10
Augusta,ME043304659 		N/A PC $25,000 Right From The Start Coalition; $35,000 expansion of the T.E.A.C.H. Scholarship 60,000

Maine Association of Nonprofits

565 Congress Street Suite 301
Portland,ME041018300 		N/A PC To provide general operating support 10,000

Maine Cancer Foundation

170 US Route 1 Suite 250
Falmouth,ME041052152 		N/A PC To support the John T. Gorman Cancer Fund 150,000

Maine Children's Alliance

331 State Street
Augusta,ME043307100 		N/A PC To support the Maine Child Welfare Action Network 147,000

Maine Coalition to End Domestic Violence

PO Box 5188
Augusta,ME043325188 		N/A PC $25,000 for the Liberation Fund; $150,000 to support general operations 175,000

Maine Coast Fishermen's Association

93 Pleasant Street
Brunswick,ME04011 		N/A PC To support the Fishermen Feeding Mainers program 25,000

Maine Community Foundation

245 Main Street
Ellsworth,ME046051613 		N/A PC To support the Lewiston-Auburn Area Relief Fund: Victims and Families 250,000

Maine Development Foundation

2 Beech Street Unit 203
Hallowell,ME043471521 		N/A PC To sponsor the Maine Alliance for Health and Prosperity conference 1,500

Maine Equal Justice

126 Sewall Street
Augusta,ME043306822 		N/A PC To reduce child poverty and increase economic security and mobility 50,000

Maine Immigrant and Refugee Services

256 Bartlett Street
Lewiston,ME04240 		N/A PC $25,000 Circles of Care; $100,000 whole family coaching services; $3,000 Gala 128,000

Maine Immigrants Rights Coalition

1 Marginal Way
Portland,ME04101 		N/A PC $5K support to BIPOC serving organizations, direct services; $25K general support 30,000

Maine Initiatives

56 North Street
Portland,ME041012756 		N/A PC Pooled fund with the work of identified Ethnic Community-Based Organizations 10,000

Maine Justice Foundation

124 State Street
Augusta,ME04330 		N/A PC To provide support for the Campaign for Justice 25,000

Maine Library Association

55 N Main Street Apartment 49
Belchertown,MA010078201 		N/A PC To provide general operating support 5,000

Maine Medical Center

22 Bramhall Street
Portland,ME041023134 		N/A PC $25,000 Maine Medical Center; $180,000 Maternal Resource Navigator position 205,000

Maine MILL

35 Canal Street
Lewiston,ME04240 		N/A PC To sponsor Soiree en Blanc, Maine Mills' summer event 500

Maine Needs

PO Box 4174
Portland,ME041010374 		N/A PC To provide general operating support 15,000

Maine Philanthropy Center

PO Box 9301
Portland,ME041049301 		N/A PC General operations; MPCs biennial conference 16,735

Maine Public Broadcasting Corporation

1450 Lisbon Street
Lewiston,ME042403514 		N/A PC To support the broadcasting of stories/reports that focus on Maine's children 35,000

Maine Resilience Building Network

PO Box 333
Manchester,ME043510333 		N/A PC To sponsor the biennial Together We Can Thrive summit 5,000

Maine Seacoast Mission

6 Old Firehouse Lane
Northeast Harbor,ME04662 		N/A PC To support Washington County food programs 25,000

MaineHealth (dba Maine Behavioral Healthcare)

22 Bramhall Street
Portland,ME041023134 		N/A PC Increased access to mental health supports to children 292,000

MaineHealth - Healthy Community Coalition

22 Bramhall Street
Portland,ME041023134 		N/A PC Food and personal care products to low-income residents of Franklin County 25,000

MaineHealth - Stephens Memorial Hospital

181 Main Street
Norway,ME04268 		N/A PC To support the Food Pantry at Stephens Memorial Hospital 25,000

MaineHealth

22 Bramhall Street
Portland,ME041023134 		N/A PC $5K Barbara Bush Hospital; $10K Behavioral Healthcare; $150K Families Growing Together 165,000

Mainely Teeth (dba Mainely Smiles)

166 Regan Lane
Portland,ME041032035 		N/A PC To provide general operating support 25,000

MCH Inc

46 Summer Street
Rockland,ME048412920 		N/A PC To support the Meals on Wheels program n Knox County 15,000

Mercy Hospital

175 Fore River Parkway
Portland,ME04102 		N/A PC $20,000 general operating support; $250,000 In Her Presence; $250,000 McAuley Residences 520,000

Mid Coast Hunger Prevention Program

12 Tenney Way
Brunswick,ME040112884 		N/A PC To provide general operating support 20,000

Mid-Coast Health Net (dba The Knox Clinic)

22 White Street
Rockland,ME048412978 		N/A PC To increase dental program operations in Knox County 20,000

Mid-Maine Homeless Shelter

19 Colby Street
Waterville,ME049015563 		N/A PC To support the Housing Stabilization and Eviction Prevention Program 25,000

Milestone Recovery

65 India Street
Portland,ME041014209 		N/A PC $110,000 medically monitored withdrawal beds; $25,000 general support 135,000

Mitchell Institute

75 Washington Street
Portland,ME04101 		N/A PC $3,000 Fall Gala; $25,000 general gift 28,000

Morrison Center

60 Chamberlain Road
Scarborough,ME040749192 		N/A PC To provide general operating support 5,000

Muskie Fund for Legal Services

PO Box 547
Portland,ME041120547 		N/A PC To provide legal services to Maine's low-income and elderly residents 3,000

Neighbors Driving Neighbors

PO Box 142
Mount Vernon,ME043520142 		N/A PC To provide general operating support 10,000

Neighbors Helping Neighbors Downeast

5 Gunhouse Hill Road
East Machias,ME04630 		N/A PC To provide general operating support 6,000

New Beginnings

134 College Street
Lewiston,ME042406810 		N/A PC $15,000 general support; $100,000 Street Outreach; $1,000 New Beginnings' Celebration 116,000

New England Arab American Organization

PO Box 1812
Portland,ME041041812 		N/A PC To provide New Mainer families with case management and financial support 25,000

OHI

203 Maine Avenue
Bangor,ME044014331 		N/A PC Brewer Area Food Pantry; local food-insecure residents and families 15,000

Olympia Snowe Women's Leadership Institute

1 Canal Plaza Suite 501
Portland,ME041014083 		N/A PC To provide general operating support 10,000

Passamaquoddy Indian Township Tribal Government

PO Box 301
Princeton,ME04668 		N/A GOV To support the purchase of two medical mobile units 125,000

Penobscot Community Health Center

103 Maine Avenue
Bangor,ME044014330 		N/A PC To support Helping Hands for Health Mini-Grants 25,000

People Who Care Food Cupboard

PO Box 316
Madison,ME049500316 		N/A PC To support general operations 10,000

Piscataquis Regional Food Center

76 North Street
Dover Foxcroft,ME04426 		N/A PC To provide general operating support 40,000

Portland Adult Education

14 Locust Street
Portland,ME04101 		N/A GOV Intensive Literacy for East Bayside / Family English Class Two-Generation Program 130,000

Preble Street

55 Portland Street
Portland,ME04101 		N/A PC $35,000 general support; $30,000 meals to children and families 65,000

ProsperityME

175 Lancaster Street Suite 216A
Portland,ME041012420 		N/A PC Individual Development Accounts; Chart Your Course program 225,000

Quality Housing Coalition

188 State Street
Portland,ME041013749 		N/A PC To provide general operating support 25,000

Rangeley Health and Wellness

PO Box 722
Rangeley,ME049700722 		N/A PC Food for individuals facing food insecurity 20,000

River Valley Healthy Communities Coalition

PO Box 86
Rumford,ME042760086 		N/A PC To support the Old School Food Pantry 10,000

Rockland District Nursing Association

PO Box 1713
Rockland,ME048411713 		N/A PC To provide general operating support 20,000

Rural Community Action Ministry

81 Church Hill Road
Leeds,ME042633402 		N/A PC To provide general operating support 15,000

Sacred HeartSt Dominic Parish

65 Mellen Street
Portland,ME04101 		N/A PC To provide support for SHSD's food pantry program 15,000

Safe Families for Children Alliance

4300 W Irving Park Road
Chicago,IL60641 		N/A PC For the Maine chapter of Safe Families for Children 50,000

SeniorsPlus

8 Falcon Road
Lewiston,ME042405815 		N/A PC Social, health and wellness services and benefits access 25,000

Shalom House

106 Gilman Street
Portland,ME041023034 		N/A PC Bousing, health, transportation and other critical for low-income persons 15,000

SKILLS Inc

PO Box 65
Saint Albans,ME049710065 		N/A PC Housing needs for adults with disabilities in Maine 25,000

Somali Bantu Community Association of Maine

222 Pine Street
Lewiston,ME04240 		N/A PC To provide general operating support 25,000

Somerset Career & Technical Center

61 Academy Circle
Skowhegan,ME04976 		N/A PC To support food pantry expansion and operations 30,000

South Portland Adult Education

637 Highland Avenue
South Portland,ME04106 		N/A GOV To support the West End-English Language Acquisition Program 100,000

Southern Maine Agency on Aging

30 Barra Road
Biddeford,ME040059459 		N/A PC Case management services for older adults and adults with disabilities 25,000

St Martin de Porres Residence

PO Box 7227
Lewiston,ME042437227 		N/A PC To provide general operating support 15,000

St Mary's Regional Medical Center

PO Box 7291
Lewiston,ME04243 		N/A PC To provide general operating support to St. Mary's Nutrition Center 25,000

St Vincent de Paul Soup Kitchen

307 Congress Street
Portland,ME04101 		N/A PC To provide general operating support 30,000

State Street Congregational Church

PO Box 4037
Portland,ME041010237 		N/A PC State Street Church's Clothes Closet 11,500

Sunrise Opportunities

PO Box 88
Machias,ME046540088 		N/A PC $80K Community Caring Collaborative; $40K dependent care, transportation, stipends 120,000

Sweetser

50 Moody Street
Saco,ME04072 		N/A PC To expand the pipeline of youth mental health providers 100,000

Table of Plenty

PO Box 232
Berwick,ME039010232 		N/A PC To provide general operating support 11,000

Tedford Housing

PO Box 958
Brunswick,ME040110958 		N/A PC $20,000 general support; $50,000 construction of new housing 70,000

Teens to Trails

179 Neptune Drive
Brunswick,ME04011 		N/A PC To provide general operating support 5,000

The Center for Grieving Children

555 Forest Avenue
Portland,ME04101 		N/A PC To provide general operating support 5,000

The Root Cellar

94 Washington Avenue
Portland,ME041012630 		N/A PC Emergency food pantry program; English language learning classes 15,000

Tree Street Youth

144 Howe Street
Lewiston,ME042406421 		N/A PC To provide general operating support 100,000

Trekkers Inc

325 Old County Road
Rockland,ME04841 		N/A PC To support innovative ideas to support early childhood needs 75,000

Tri-County Mental Health Services

1155 Lisbon Street
Lewiston,ME042405025 		N/A PC $50,000 mental health services; $55,000 Internship Incubator program 105,000

Tripp Middle School

486 Turner Center Road
Turner,ME042823104 		N/A GOV To support the school's food pantry 5,000

United Way Of Androscoggin County Inc

66 Ash Street
Lewiston,ME04243 		N/A PC Androscoggin County Community Fund 30,000

United Way of Southern Maine

550 Forest Avenue Suite 100
Portland,ME04101 		N/A PC $5,000 Maine Early Childhood Funders Group; $15,000 2023 Annual Campaign 20,000

University of Maine System

5703 Alumni Hall Suite 101
Orono,ME044695703 		N/A GOV Increasing family financial stability to build resilience and success 120,000

University System of New Hampshire

5 Chenell Drive Suite 301
Concord,NH033018522 		N/A PC Carsey School of Public Policy; research and evaluation activities 134,000

Veggies to Table

4 Mills Road
Newcastle,ME045533407 		N/A PC To provide general operating support 10,000

Volunteers of America of Northern New England

14 Maine Street 100
Brunswick,ME040112026 		N/A PC To provide support for the Cabin in the Woods program 5,000

Wabanaki Public Health and Wellness Inc

PO Box 1356
Bangor,ME04402 		N/A PC School backpack support for children at Sipayik and surrounding communities 4,000

Waterville Area Soup Kitchen

PO Box 1494
Waterville,ME049031494 		N/A PC To provide general operating support 15,000

Winslow Congregational Church UCC

12 Lithgow Street
Winslow,ME04901 		N/A PC Community Cupboard, which provides food to food-insecure people and families 15,000

YMCA Sanford-Springvale

1 Emile Lavasseur Drive
Sanford,ME04073 		N/A PC To support the Y Community Little Pantry 10,000

York County Community Action Corporation

6 Spruce Street
Sanford,ME040732917 		N/A PC To prevent child homelessness 315,000

YWCA Central Maine

130 East Avenue
Lewiston,ME04240 		N/A PC To address community needs in the wake of the mass violence events 25,000
Total .................................right arrow 3a 8,467,235
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 831,257  
4 Dividends and interest from securities ....     14 689,594  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 11,780,151  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aNet Adjustment for Amounts Reported on Schedules K-1 		523000 170,821 14 -159,929  
b(Recorded on Books)     14 -10,892  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 170,821 13,130,181 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
13,301,002
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
John T Gorman Foundation
EIN:
01-0498551
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting & Tax Preparation Fees 39,475 4,236   35,239

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 DepreciationSchedule
Name:
John T Gorman Foundation
EIN:
01-0498551
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
Furniture & Fixtures 2011-12-31 242,670 201,334 NC 0 % 0 0    
Computers & Equipment 2011-12-31 50,927 42,503 NC 0 % 0 0    
Leasehold Improvements 2011-12-31 738,856 493,689 NC 0 % 0 0    

TY 2023 InvestmentsCorpStockSchedule
Name:
John T Gorman Foundation
EIN:
01-0498551
Name of Stock End of Year Book Value End of Year Fair Market Value
CF Arrowstreet CAP GBL ALL CNTY Alpha EXTN FD (CAN) LTD 5,587,623 5,587,623
CF Silchester INTL INV INTL Value Equity Trust 7,743,402 7,743,402
MFO iShares MSCI EAFE International 2,051,365 2,051,365
MFO JOHCM International Select Fund 6,096,843 6,096,843
CF The (Global) Emerging Markets Country Fund 5,338,183 5,338,183
MFO Vanguard Total Stock Market Index Fund 15,556,326 15,556,326
Generation IM Sustainable Solutions Fund IV (B) 533,462 533,462
Kabouter International Opportunities Fund II LLC 1 1
CF Tiger GBL Long Opportunities LTD 2,733,254 2,733,254
CF Hillhouse China Value Feeder LTD 3,056,693 3,056,693
Generation IM Fund PLC 6,702,709 6,702,709
Overlook Partners Fund 4,276,589 4,276,589
CF Two Sigma Active EXTN US All Cap Equity Cayman Fund LTD 15,023,596 15,023,596
CF Luxor Capital Partners Offshore 353,461 353,461
CF King Street Capital CL S Series 224 14,908 14,908
CF King Street Capital CL S Series 362 25,413 25,413
CF King Street Capital CL S Series 443 2,189 2,189
CF King Street Capital CL S Series 281 33,103 33,103
CF King Street Capital CL S Series 296 6,532 6,532
CF King Street Capital CL S Series 308 3,275 3,275
CF King Street Capital CL S Series 317 1,961 1,961
CF King Street Capital CL S Series 344 8,081 8,081
CF King Street Capital CL S Series 353 64,120 64,120
CF King Street Capital CL S Series 80 22,136 22,136
CF King Street Capital CL S Series 137 10,215 10,215
CF King Street Capital CL S Series 161 13,054 13,054
CF King Street Capital CL S Series 168 4,140 4,140
CF King Street Capital CL S Series 175 11,206 11,206
CF King Street Capital CL S Series 196 856 856
CF King Street Capital CL S Series 60 8,331 8,331
CF King Street Capital CL S Series 182 7,837 7,837
CF King Street Capital CL S Series 257 563 563
CF King Street Capital CL S Series 266 11,512 11,512
CF King Street Capital CL S Series 412 3,041 3,041
CF King Street Capital CL S Series 231 2,714 2,714
CF King Street Capital CL S Series 125 1,837 1,837
CF King Street Capital CL S Series 238 2,257 2,257
CF King Street Capital CL S Series 245 23,592 23,592
CF Davidson CL C Tranche 3 01 Jan 2022 9,609,308 9,609,308

TY 2023 InvestmentsGovtObligationsSch
Name:
John T Gorman Foundation
EIN:
01-0498551
US Government Securities - End of Year Book Value:

21,060,564
US Government Securities - End of Year Fair Market Value:

21,060,564
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 InvestmentsOtherSchedule2
Name:
John T Gorman Foundation
EIN:
01-0498551
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Independent Franchise Partners Global Equity LP FMV 7,309,372 7,309,372
Durable Capital Offshore Fund LTD FMV 5,698,037 5,698,037
Fernbridge Capital Offshore Fund LTD FMV 5,601,479 5,601,479
Lone Cascade FMV 4,805,819 4,805,819
Elliot International Limited FMV 12,368,145 12,368,145
AACP Tax Exempt FMV 2,037,543 2,037,543
Accolade Partners Blockchain II Feeder FMV 677,948 677,948
Accolade Partners Blockchain III Seed Feeder FMV 17,859 17,859
Accolade Partners Blockchain III Venture Feeder FMV 93,614 93,614
Accolade Partners Growth I FMV 1,857,601 1,857,601
Accolade Partners Growth II FMV 771,277 771,277
Accolade Partners Growth III FMV 88,383 88,383
Accolade Partners IV FMV 2,319,011 2,319,011
Accolade Partners V FMV 3,326,227 3,326,227
Accolade Partners VI FMV 3,419,768 3,419,768
Accolade Partners VII FMV 2,764,593 2,764,593
Accolade Partners VIII FMV 1,029,990 1,029,990
Accolade Partners IX FMV 83,057 83,057
Asia Alternatives Delaware V FMV 266,131 266,131
Benefit Street Partners FMV 630,282 630,282
Blue Point Capital Partners V (A) FMV 431,625 431,625
CA Resources Fund (US Taxable) FMV 1,114,172 1,114,172
CA Resource Fund (US Tax Exempt) FMV 803,619 803,619
Dover Street VIII FMV 366,903 366,903
Dover Street IX FMV 1,817,869 1,817,869
Dover X FMV 1,684,741 1,684,741
Highbar Partners III FMV 1,192,957 1,192,957
Hillhouse Foucused Growth Fund V Feeder FMV 433,264 433,264
Hillhouse Fund V Feeder FMV 335,611 335,611
Hillhouse Venture Fund V Feeder FMV 877,764 877,764
Hillhouse Venture Fund VI Feeder FMV 123,300 123,300
Hillhouse Fund IV Feeder FMV 1,275,067 1,275,067
Hillhouse Fund III FMV 1,143,473 1,143,473
Kline Hill Partners II FMV 1,393,010 1,393,010
Kline Hill Partners FMV 1,436,015 1,436,015
Kline Hill Offshore Fund III FMV 2,055,616 2,055,616
Kiline Hill Opportunity Offshore III FMV 740,237 740,237
Kiline Hill Opportunity Offshore IV FMV 903,885 903,885
Kline Hill Offshore Fund IV FMV 2,660,951 2,660,951
MVM V LP FMV 1,673,099 1,673,099
MVM VI LP FMV 43,442 43,442
Moonrise China Partners I FMV 1,120,915 1,120,915
Moonrise China Partners II FMV 1,066,997 1,066,997
Moonrise Venture Partners I FMV 3,737,497 3,737,497
Moonrise Venture Partners II FMV 2,531,706 2,531,706
Moonrise Venture Partners III FMV 849,575 849,575
Pelican Energy Partners II FMV 3,701,813 3,701,813
Pelican Energy Partners III FMV 2,082,288 2,082,288
Sentinel Capital VI FMV 624,853 624,853
Sentinel Capital VII FMV 56,751 56,751
Sentinel Junior Capital I FMV 564,498 564,498
Sentinel Junior Capital II FMV 88,068 88,068
Sentinel Continuation Fund FMV 121,181 121,181
Truebridge V FMV 3,409,948 3,409,948
Truebridge Global Premier I FMV 170,415 170,415

TY 2023 LandEtcSchedule2
Name:
John T Gorman Foundation
EIN:
01-0498551
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Furniture & Fixtures 242,670 201,334 41,336 41,336
Computers & Equipment 50,927 42,503 8,424 8,424
Leasehold Improvements 738,856 493,689 245,167 245,167


TY 2023 OtherAssetsSchedule
Name:
John T Gorman Foundation
EIN:
01-0498551
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Operating lease right of use asset 841,472 706,574 706,574


TY 2023 OtherExpensesSchedule
Name:
John T Gorman Foundation
EIN:
01-0498551
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Office Expense 114,573 5,322   109,251
Insurance 10,174 0   10,174
Advertising 313 0   313
Accrual to Cash Adjustment 0 0   268,802


TY 2023 OtherIncomeSchedule2
Name:
John T Gorman Foundation
EIN:
01-0498551
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Net Adjustment for Amounts Reported on Schedules K-1 10,892 -159,929 10,892
(Recorded on Books) -10,892   -10,892


TY 2023 OtherIncreasesSchedule
Name:
John T Gorman Foundation
EIN:
01-0498551
Description Amount
Unrealized Gain on Investments 8,498,890


TY 2023 OtherLiabilitiesSchedule
Name:
John T Gorman Foundation
EIN:
01-0498551
Description Beginning of Year - Book Value End of Year - Book Value
Deferred Tax Liability 704,585 753,606
Operating Lease Liability 850,069 720,996


TY 2023 OtherProfessionalFeesSchedule
Name:
John T Gorman Foundation
EIN:
01-0498551
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Fees 544,714 544,714   0
Program Consulting/Management Fees 218,038 0   218,038


TY 2023 TaxesSchedule
Name:
John T Gorman Foundation
EIN:
01-0498551
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Provision for net investment income taxes 248,151 0   0
Unrelated business income taxes 9,765 0   0
Foreign taxes on investments 15,997 15,997   0