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
Kennebec Savings Bank Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)150 State Street PO Box 50
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Augusta, ME04332
A Employer identification number

22-2624600
B Telephone number (see instructions)

(207) 622-5801
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$14,532,949J 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)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 241,517 241,517  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 260,783
b Gross sales price for all assets on line 6a 3,757,988
7 Capital gain net income (from Part IV, line 2)... 260,783
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).......      
12 Total. Add lines 1 through 11........ 502,300 502,300  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,440 2,220   2,220
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
53,817 53,817   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 58,257 56,037   2,220
25 Contributions, gifts, grants paid....... 683,467 683,467
26 Total expenses and disbursements. Add lines 24 and 25 741,724 56,037   685,687
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -239,424
b Net investment income (if negative, enter -0-) 446,263
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............. 90 90 90
2 Savings and temporary cash investments......... 426,932 429,973 429,973
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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 arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 793,786 Click to see attachment
List of Attached Documents:
// Content
928,292 		928,292
b Investments—corporate stock (attach schedule)....... 9,650,617 Click to see attachment
List of Attached Documents:
// Content
10,997,228 		10,997,228
c Investments—corporate bonds (attach schedule)....... 1,901,648 Click to see attachment
List of Attached Documents:
// Content
2,177,366 		2,177,366
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)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 12,773,073 14,532,949 14,532,949
Liabilities 17 Accounts payable and accrued expenses..........    
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)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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...........    
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........ 2,027,588 2,027,588
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 10,745,485 12,505,361
29 Total net assets or fund balances (see instructions)..... 12,773,073 14,532,949
30 Total liabilities and net assets/fund balances (see instructions). 12,773,073 14,532,949
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
12,773,073
2
Enter amount from Part I, line 27a .....................
2
-239,424
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,999,300
4
Add lines 1, 2, and 3 ..........................
4
14,532,949
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
14,532,949
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      
b Capital Gains Dividends P    
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 3,694,561   3,497,205 197,356
b 63,427     63,427
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       197,356
b       63,427
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 2 260,783
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 6,203
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 6,203
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 6,203
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 5,183
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,183
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 1,020
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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 arrowN/A
14
The books are in care ofright arrowKennebec Savings Bank Telephone no.right arrow (207) 622-5801

Located atright arrow150 State Street PO Box 50AugustaME ZIP+4right arrow04332
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)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(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
 
 
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
Andrew E Silsby President/Clerk
1.00 		0 0 0
150 State Street PO Box 50
Augusta,ME04332
Debra A Getchell Treasurer
1.00 		0 0 0
150 State Street PO Box 50
Augusta,ME04332
Craig J Garofalo Vice President
1.00 		0 0 0
150 State Street PO Box 50
Augusta,ME04332
Amy P Tardiff Director
1.00 		0 0 0
150 State Street PO Box 50
Augusta,ME04332
Charles W Hays Jr Director
1.00 		0 0 0
150 State Street PO Box 50
Augusta,ME04332
Mark L Johnston Director
1.00 		0 0 0
150 State Street PO Box 50
Augusta,ME04332
Douglas E Reinhardt Director
1.00 		0 0 0
150 State Street PO Box 50
Augusta,ME04332
William W Sprague Jr Director
1.00 		0 0 0
150 State Street PO Box 50
Augusta,ME04332
Norman S Elvin Director
1.00 		0 0 0
150 State Street PO Box 50
Augusta,ME04332
Diane F Hastings Director
1.00 		0 0 0
150 State Street PO Box 50
Augusta,ME04332
Mary A Dennison Director
1.00 		0 0 0
150 State Street PO Box 50
Augusta,ME04332
Christopher L Gaunce Director
1.00 		0 0 0
150 State Street PO Box 50
Augusta,ME04332
Alison A Lorenz Director
1.00 		0 0 0
150 State Street PO Box 50
Augusta,ME04332
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
NONE
Total number of other employees paid over $50,000...................right arrow 0
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
KSB Investment Management & Trust Services Investment Management Services 53,817
150 State Street
Augusta,ME04332
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
13,232,024
b
Average of monthly cash balances.......................
1b
410,245
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
13,642,269
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
13,642,269
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
204,634
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
13,437,635
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
671,882
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
671,882
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
6,203
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
6,203
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
665,679
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
665,679
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
665,679
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
685,687
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
685,687
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 7 665,679
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 20,233
b From 2019...... 21,609
c From 2020...... 23,037
d From 2021...... 53,406
e From 2022...... 12,121
f Total of lines 3a through e ........ 130,406
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 685,687
a Applied to 2022, but not more than line 2a 0
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..... 665,679
e Remaining amount distributed out of corpus 20,008
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 5 150,414
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 .......... 		0
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) ... 		20,233
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		130,181
10 Analysis of line 9:
a Excess from 2019.... 21,609
b Excess from 2020.... 23,037
c Excess from 2021.... 53,406
d Excess from 2022.... 12,121
e Excess from 2023.... 20,008
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
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

CYC Lake Association

PO Box 17
Manchester,ME04351 		N/A PC Lake Mitigation Project 20,000

Kennebec Valley Humane Society

168 Leighton Rd
Augusta,ME04330 		N/A PC Relocation Campaign 50,000

United Way of Kennebec Valley

121 Commercial Street
Augusta,ME04330 		N/A PC Unrestricted Support 47,467

Alfond Youth Center

126 North Street
Waterville,ME04901 		N/A PC Event Support 1,000

Augusta Food Bank

161 Mount Vernon Ave
Augusta,ME04330 		N/A PC AFB Marketplace Support 10,000

Bearnstow co Margery Lieber

PO Box 3382
Arlington,VA222030382 		N/A PC Camp Restoration Project 5,000

Readfield Union Meeting House

PO Box 451
Readfield,ME04355 		N/A PC Restoration Project 2,200

Kennebec Land Trust

PO Box 261
Winthrop,ME04364 		N/A PC Unrestricted Support 3,500

Waterville Area Habitat for Humanity

PO Box 1972
Waterville,ME049031972 		N/A PC Unrestricted Support 5,000

Hallowell Foodbank

PO Box 214
Hallowell,ME04347 		N/A PC Unrestricted Support 2,500

Island Institute

386 Main Street 3345
Rockland,ME04841 		N/A PC Lift All Boats Project 5,300

Maine Center for Public Interest Reporting

PO Box 287
Hallowell,ME04347 		N/A PC Unrestricted Support 5,000

Worromontogus Lake Association

PO Box 2582
Augusta,ME04338 		N/A PC Lake Mitigation Project 30,000

Big Brothers Big Sisters of Mid-Maine

66 Elm Street Suite 100
Camden,ME04843 		N/A PC Technology Support 2,000

Viles Arboretum

153 Hospital Street
Augusta,ME04330 		N/A PC Unrestricted Support 2,500

Maine Children's Home

93 Silver Street
Waterville,ME04901 		N/A PC Teen Program Support 7,500

Maine Jumpstart

PO Box 5024
Augusta,ME04332 		N/A PC Event Support 2,000

Maine Mathematics and Science Alliance

PO Box 2246
Augusta,ME04330 		N/A PC Unrestricted Support 3,000

Maine Skateboard Association

140 Capital Street
Augusta,ME04330 		N/A PC Skatepark Project 5,000

Friends of the Cobbossee Watershed

PO Box 206
East Winthrop,ME04343 		N/A PC Boat Purchase 25,000

Friends of the Cobbossee Watershed

PO Box 206
East Winthrop,ME04343 		N/A PC Unrestricted Support 3,000

Kennebec Historical Society

PO Box 5582
Augusta,ME043325582 		N/A PC Unrestricted Support 2,500

Maine Tree Foundation

535 Civic Center Drive
Augusta,ME04330 		N/A PC Educator Training Program Support 1,000

Winthrop Historical Society

107 Main Street
Winthrop,ME04364 		N/A PC Unrestricted Support 1,500

Futurama Foundation Maine Women's Hall of Fame

Scholarship Fund 208 Congress St
Portland,ME04101 		N/A PF Scholarship Funding 2,000

Alfond Youth Center

126 North Street
Waterville,ME04901 		N/A PC Ice Rink Capital Campaign 50,000

Alfond Youth Center

126 North Street
Waterville,ME04901 		N/A PC Youth Camp Scholarships 8,000

Alfond Youth Center

126 North Street
Waterville,ME04901 		N/A PC Unrestricted Support 5,000

Chrysalis Place

PO Box 542
Gardiner,ME04345 		N/A PC Vehicle Purchase 5,000

North Manchester Meeting House

285 Scribner Hill Road
Manchester,ME04351 		N/A PC Restoration Project 1,000

Royal River Conservation Trust

325 Main Street
Yarmouth,ME04096 		N/A PC Unrestricted Support 3,000

Winthrop Athletic Complex Committee

51 South Road
Winthrop,ME04364 		N/A PC Turf Field Capital Campaign 25,000

Maine Farmland Trust

97 Main Street
Belfast,ME04915 		N/A PC Unrestricted Support 2,500

Kennebec Valley YMCA

31 Union Street
Augusta,ME04330 		N/A PC Summer Camp Scholarship Fund 7,000

MaineGeneral Health

PO Box 828
Waterville,ME04903 		N/A PC Unrestricted Support 1,000

USS Augusta

41 Cove Road
Readfield,ME04355 		N/A PC Commissioning Ceremony Support 25,000

EDUCARE Central Maine

56 Drummond Ave
Waterville,ME04901 		N/A PC Lab School Learning Hub Program Support 5,000

New Ventures Maine

46 University Drive
Augusta,ME04330 		N/A PC Unrestricted Support 1,000

Bearnstow co Margery Lieber

PO Box 3382
Arlington,VA222030382 		N/A PC Camp Restoration Project 5,000

China Lake Association

PO Box 6215
China,ME04926 		N/A PC Lake Mitigation Project 5,000

Mitchell Institute

75 Washington Ave Suite 2E
Portland,ME04101 		N/A PC Event Support 5,000

Kennebec Valley Community College Foundation

92 Western Ave
Fairfield,ME04937 		N/A PC Athletic Facility Restoration Project 10,000

Boys and Girls Club Augusta Teen Center

244 Water Street
Augusta,ME04330 		N/A PC Catalyst Grant - Community Makers Project 15,000

Children's Center

1 Alden Ave
Augusta,ME04330 		N/A PC Catalyst Grant - Technology Upgrades 5,000

Locker Project

PO Box 3134
Portland,ME04104 		N/A PC Unrestricted Support 2,500

Maine GearShare

PO Box 8738
Portland,ME04104 		N/A PC Catalyst Grant - Equipment Support 10,000

MaineGeneral Health

PO Box 828
Waterville,ME04903 		N/A PC Alfond Center for Cancer Care Expansion Project 50,000

Mitchell Institute

75 Washington Ave Suite 2E
Portland,ME04101 		N/A PC Catalyst Grant - Student Support Fund 15,000

Viles Arboretum

153 Hospital Street
Augusta,ME04330 		N/A PC Catalyst Grant - Kitchen Upgrades 5,000

Waterville Area Soup Kitchen

PO Box 1494
Waterville,ME04903 		N/A PC Catalyst Grant - Kitchen Upgrades 15,000

Waterville High School

1 Brooklyn Ave
Waterville,ME04901 		N/A PC Strings Program Support 2,000

Snow Pond Center for the Arts

8 Goldenrod Lane
Sidney,ME04330 		N/A PC Catalyst Grant - Student Music Program 10,000

YMCA Camp of Maine

PO Box 446
Winthrop,ME04364 		N/A PC Capital Improvements 50,000

Vaughan Woods Historic Homestead

2 Litchfield Rd
Hallowell,ME04347 		N/A PC Unrestricted Support 2,000

Augusta Symphony Orchestra

PO Box 5694
Augusta,ME043325694 		N/A PC Unrestricted Support 2,500

Good Shepherd Food Bank

PO Box 1807
Auburn,ME04211 		N/A PC Unrestricted Support 2,000

EDUCARE Central Maine

56 Drummond Ave
Waterville,ME04901 		N/A PC Unrestricted Support 5,000

United Way of Southern Maine

550 Forest Avenue Suite 100
Portland,ME04101 		N/A PC Heating Assistance Fund 5,000

Waterville Area Soup Kitchen

PO Box 1494
Waterville,ME04903 		N/A PC Unrestricted Support 2,500

Freeport Conservation Trust

PO Box 433
Freeport,ME04032 		N/A PC Unrestricted Support 1,500

Emergency Action Network Attn TEAN

46 Federal Street
Brunswick,ME04011 		N/A PC Unrestricted Support 1,000

Freeport Arts & Cultural Alliance co Freeport Werkes

50 Dept Street
Freeport,ME04032 		N/A PC Unrestricted Support 1,000

Freeport Historical Society

45 Main Street
Freeport,ME04032 		N/A PC Unrestricted Support 1,000

Genesis Fund

22 Lincoln Street
Brunswick,ME04011 		N/A PC Unrestricted Support 1,000

Literacy Volunteers of Kennebec

12 Spruce Street
Augusta,ME04330 		N/A PC Unrestricted Support 1,000

Maine Justice Foundation

124 State Street
Augusta,ME04330 		N/A PC Unrestricted Support 1,000

MaineGeneral Health

PO Box 828
Waterville,ME04903 		N/A PC Alfond Center for Cancer Care Expansion Project 50,000

First Amendment Museum

184 State Street
Augusta,ME04330 		N/A PC Unrestricted Support 7,500

30 Mile River Watershed

PO Box 132
Mt Vernon,ME04352 		N/A PC Unrestricted Support 2,500

Spectrum Generations

One Weston Court Suite 109
Augusta,ME04330 		N/A PC Capital Improvements 10,000
Total .................................right arrow 3a 683,467
bApproved for future payment

Boys and Girls Club Augusta Teen Center
244 Water Street
Augusta,ME04330 		N/A PC Catalyst Grant - Community Makers Program 30,000

MaineGeneral Health
PO Box 828
Waterville,ME04901 		N/A PC Capital Campaign - Alfond Center for Cancer Care Expansion 250,000

Mitchell Institute
75 Washington Ave 2E
Portland,ME04101 		N/A PC Catalyst Grant - Student Support Fund 30,000

Waterville Area Soup Kitchen
PO Box 1494
Waterville,ME04903 		N/A PC Catalyst Grant - Kitchen Renovation Project 30,000
Total ................................. right arrow 3b 340,000
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 ........... 		         
4 Dividends and interest from securities ....     14 241,517  
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 ............ 		    18 260,783  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 502,300 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
502,300
(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:
Kennebec Savings Bank Foundation
EIN:
22-2624600
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 4,440 2,220   2,220

TY 2023 InvestmentsCorpBondsSchedule
Name:
Kennebec Savings Bank Foundation
EIN:
22-2624600
Name of Bond End of Year Book Value End of Year Fair Market Value
75000 SHR AT&T INC T 2.300 06/01/27 '27 69,719 69,719
30000 SHR Amgen Inc 3.625% due 05/22/2024 29,766 29,766
50000 SHR Apple Inc 3.25% due 02/23/2026 48,755 48,755
80000 SHR Bank Of America Corp 2.087% due 06/14/29 '28 70,485 70,485
75000 SHR Blackrock Inc MTN DTD 3/18/14 3.5% Due 3/18/24 74,648 74,648
60000 SHR Broadcom Inc 4.75% due 04/15/2029 59,983 59,983
75000 SHR Citigroup INC C 1.462 06/09/27 '26 Frn 68,529 68,529
50000 SHR Ebay Inc 3.45% due 08/01/2024 49,336 49,336
50000 SHR Fifth Third Bancorp 6.361% due 10/27/2028 51,820 51,820
60000 SHR Goldman Sachs Group 3.8% due 03/15/2030 56,481 56,481
80000 SHR Intel Corp 2.45% Due 11/15/2029 72,022 72,022
80000 SHR Intercontinental Exchange INC 2.1% 06/15/30 68,773 68,773
55000 SHR Keycorp Key 2.250 04/06/27 Mtn 49,341 49,341
70000 SHR Lowe's Cos Inc 3.1% Due 05/03/2027 67,078 67,078
60000 SHR Meta Plaorms Inc. 3.50% due 08/15/2027 58,371 58,371
75000 SHR Morgan Stanley Ms 1.593 05/04/27 '26 Mtn 69,101 69,101
45000 SHR ORCL 2.65% due 07/15/2026 42,656 42,656
30000 SHR PEP 2.75% due 04/30/2025 29,217 29,217
50000 SHR PNC Financial Services Group Inc 6.037% due 10/28/33 52,190 52,190
65000 SHR Salesforce.com Inc 3.7% Due 4/11/2028 63,646 63,646
80000 SHR Starbucks Corp 2.25% due 03/12/30 70,251 70,251
30000 SHR Target Corp 2.5% Due 04/15/2026 28,840 28,840
55000 SHR VMWare Inc 1.80% due 08/15/2028 48,197 48,197
80000 SHR Walt Disney CO Dis 2.000 09/01/29 '29 71,042 71,042
50000 SHR Wells Fargo Co 3.55% due 09/29/25 48,881 48,881
60000 SHR Aon Plc 3.875% due 12/15/2025 58,604 58,604
69133.8 SHR Fidelity Short-Term Treasury Bond Index Fund (Mstar***) 699,634 699,634

TY 2023 InvestmentsCorpStockSchedule
Name:
Kennebec Savings Bank Foundation
EIN:
22-2624600
Name of Stock End of Year Book Value End of Year Fair Market Value
10795.635 SHR American Europacific Growth (Mstar ***) 591,169 591,169
9021.045 SHR Invesco Oppenheimer Developing Markets I (Mstar ****) 347,942 347,942
9601.595 SHR Clearbridge Intl Growth Fund (Mstar ****) 585,218 585,218
26810.273 SHR Touchstone Sands Cap Emg Mrkts Growth Fd Inst (Mstar *****) 375,880 375,880
6774.723 SHR T. Rowe Price Mid-Cap Growth I (Mstar ***) 679,166 679,166
21710.170 SHR MFS Mid Cap Value Fund (Mstar ****) 668,456 668,456
5652.49 SHR Cohen & Steers Instl Realty Shs (Mstar *****) 262,445 262,445
7709.647 SHR Vanguard Small Cap Index Admiral (Mstar ***) 796,715 796,715
348 SHR Abbvie Inc. 53,930 53,930
175 SHR Adobe Sys Inc 104,405 104,405
2017 SHR Alphabet Inc. Cl A 281,755 281,755
1200 SHR Alphabet Inc. Cl C 169,116 169,116
2864 SHR Amazon.com Inc. 435,156 435,156
380 SHR American Tower Corporation 82,034 82,034
225 SHR Ameriprise Financial Inc 85,462 85,462
3600 SHR Apple Inc. 693,108 693,108
214 SHR Berkshire Hathaway Cl B 76,325 76,325
55 SHR Booking Holdings Inc 195,097 195,097
225 SHR Broadcom Inc 251,156 251,156
428 SHR Caterpillar Inc 126,547 126,547
2020 SHR Cisco Systems Inc. 102,050 102,050
692 SHR Conocophillips 80,320 80,320
224 SHR Costco Wholesale Corp. 147,858 147,858
308 SHR Danaher Corp. 71,253 71,253
1696 SHR Dow Inc 93,009 93,009
482 SHR Ecolab Inc 95,605 95,605
1220 SHR Exxon Mobil Corp 121,976 121,976
3535 SHR Ford Motor Co 43,092 43,092
670 SHR Fortive Corp 49,332 49,332
365 SHR Home Depot Inc 126,491 126,491
385 SHR Honeywell Intl Inc. 80,738 80,738
835 SHR JPMorgan Chase & Co. 142,034 142,034
305 SHR McDonald's Corp. 90,436 90,436
854 SHR Merck & Co. Inc. 93,103 93,103
399 SHR Meta Platforms Inc Cl A 141,230 141,230
1737 SHR Microsoft Corp 653,181 653,181
171 SHR Northrop Grumman Corp 80,052 80,052
437 SHR Nvidia Corp 216,411 216,411
405 SHR PNC Financial Services Group 62,714 62,714
1248 SHR Paypal Holdings Inc 76,640 76,640
611 SHR PepsiCo, Inc. 103,772 103,772
400 SHR Procter & Gamble Co. 58,616 58,616
790 SHR Raytheon Technologies Corp 66,471 66,471
687 SHR Salesforce Inc 180,777 180,777
720 SHR Starbucks Corp 69,127 69,127
375 SHR Tesla Motors Inc 93,180 93,180
209 SHR Thermo Fisher Scientific Inc. 110,935 110,935
515 SHR Union Pacific Corp. 126,494 126,494
291 SHR UnitedHealth Group Inc. 153,203 153,203
678 SHR Visa Inc. 176,517 176,517
553 SHR Walmart Inc. 87,180 87,180
853 SHR Walt Disney Co 77,017 77,017
370 SHR Chubb Ltd 83,620 83,620
387 SHR Eaton Corp PLC 93,197 93,197
630 SHR TE Connectivity Ltd. 88,515 88,515

TY 2023 InvestmentsGovtObligationsSch
Name:
Kennebec Savings Bank Foundation
EIN:
22-2624600
US Government Securities - End of Year Book Value:

928,292
US Government Securities - End of Year Fair Market Value:

928,292
State & Local Government Securities - End of Year Book Value:


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


0


TY 2023 OtherIncreasesSchedule
Name:
Kennebec Savings Bank Foundation
EIN:
22-2624600
Description Amount
Unrealized Gain on Investments 1,999,300


TY 2023 OtherProfessionalFeesSchedule
Name:
Kennebec Savings Bank Foundation
EIN:
22-2624600
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Fees 53,817 53,817   0