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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 04-01-2024 , and ending 03-31-2025
Name of foundation
Bangor Savings Bank Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)24 Hamlin Way PO Box 930
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Bangor, ME044020930
A Employer identification number

04-3353896
B Telephone number (see instructions)

(877) 226-4671
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$9,303,337J 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) 324,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 99,657 99,657  
4 Dividends and interest from securities... 165,412 165,412  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 245,064
b Gross sales price for all assets on line 6a 1,968,086
7 Capital gain net income (from Part IV, line 2)... 245,064
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
145 145  
12 Total. Add lines 1 through 11........ 834,278 510,278  
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
2,650 1,325   1,325
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
42,011 42,011   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,690 0   0
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.......... 48,351 43,336   1,325
25 Contributions, gifts, grants paid....... 1,151,300 1,151,300
26 Total expenses and disbursements. Add lines 24 and 25 1,199,651 43,336   1,152,625
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -365,373
b Net investment income (if negative, enter -0-) 466,942
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 500 500 500
2 Savings and temporary cash investments......... 991,215 540,977 540,977
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) 696,901 Click to see attachment
List of Attached Documents:
// Content
1,350,864 		1,361,042
b Investments—corporate stock (attach schedule)....... 3,890,932 Click to see attachment
List of Attached Documents:
// Content
3,826,853 		6,050,439
c Investments—corporate bonds (attach schedule)....... 1,600,266 Click to see attachment
List of Attached Documents:
// Content
1,049,164 		1,055,057
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).......... 163,421 Click to see attachment
List of Attached Documents:
// Content
209,504 		295,322
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) 7,343,235 6,977,862 9,303,337
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........ 7,343,235 6,977,862
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 7,343,235 6,977,862
30 Total liabilities and net assets/fund balances (see instructions). 7,343,235 6,977,862
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
7,343,235
2
Enter amount from Part I, line 27a .....................
2
-365,373
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
6,977,862
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
6,977,862
Form 990-PF (2024)
Form 990-PF (2024)
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
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 1,968,086   1,723,022 245,064
b
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       245,064
b
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 2 245,064
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 6,490
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 6,490
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 6,490
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 4,400
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 4,400
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 2,090
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 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024 or the taxable year beginning in 2024? 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.bangor.com/the-bangor-savings-bank-foundation
14
The books are in care ofright arrowBangor Savings Bank Telephone no.right arrow (207) 942-5211

Located atright arrow24 Hamlin Way PO Box 930BangorME ZIP+4right arrow044020930
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 2024, 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 (2024)
Form 990-PF (2024)
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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
Kathryn L Barber Director
0.10 		0 0 0
24 Hamlin Way PO Box 930
Bangor,ME044020930
George F Eaton II Esq Director
0.10 		0 0 0
24 Hamlin Way PO Box 930
Bangor,ME044020930
Sari S Greene Director
0.10 		0 0 0
24 Hamlin Way PO Box 930
Bangor,ME044020930
Susan C Hammond Director
0.10 		0 0 0
24 Hamlin Way PO Box 930
Bangor,ME044020930
Laurie G Lachance Director
0.10 		0 0 0
24 Hamlin Way PO Box 930
Bangor,ME044020930
Scott A Oxley Director
0.10 		0 0 0
24 Hamlin Way PO Box 930
Bangor,ME044020930
Joyce Clark Sarnacki Director
0.10 		0 0 0
24 Hamlin Way PO Box 930
Bangor,ME044020930
Robert S Montgomery-Rice President
0.20 		0 0 0
24 Hamlin Way PO Box 930
Bangor,ME044020930
Gena R Canning Chair
0.60 		0 0 0
24 Hamlin Way PO Box 930
Bangor,ME044020930
Vincent P Veroneau Vice Chair
0.10 		0 0 0
24 Hamlin Way PO Box 930
Bangor,ME044020930
Michael O'Connor Treasurer
0.60 		0 0 0
24 Hamlin Way PO Box 930
Bangor,ME044020930
Wendy Durrah VP/Secretary/Clerk
2.00 		0 0 0
24 Hamlin Way PO Box 930
Bangor,ME044020930
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 (2024)
Form 990-PF (2024)
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
NONE
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 (2024)
Form 990-PF (2024)
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
8,870,085
b
Average of monthly cash balances.......................
1b
858,704
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
9,728,789
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
9,728,789
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
145,932
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
9,582,857
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
479,143
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
479,143
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
6,490
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
6,490
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
472,653
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
472,653
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
472,653
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
1,152,625
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
1,152,625
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 472,653
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 718,797
b From 2020...... 796,620
c From 2021...... 826,654
d From 2022...... 916,352
e From 2023...... 789,354
f Total of lines 3a through e ........ 4,047,777
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,152,625
a Applied to 2023, 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 2024 distributable amount..... 472,653
e Remaining amount distributed out of corpus 679,972
5 Excess distributions carryover applied to 2024. 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 4,727,749
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		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 2019 not
applied on line 5 or line 7 (see instructions) ... 		718,797
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		4,008,952
10 Analysis of line 9:
a Excess from 2020.... 796,620
b Excess from 2021.... 826,654
c Excess from 2022.... 916,352
d Excess from 2023.... 789,354
e Excess from 2024.... 679,972
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Program Officer The Bangor Savings
24 Hamlin Way PO Box 930
Bangor,ME044020930
(877) 226-4671
foundation@bangor.com
bThe form in which applications should be submitted and information and materials they should include:
To apply for a grant from the Foundation, applicants should review their applicable Grant Guidelines and submit the online application found at the following website: https://www.bangor.com/the-bangor-savings-bank-foundation/ Potential applicants must submit a completed grant application, including at least the following: (I) describing the initiative seeking support; (II) how the award benefits the region served by Bangor Savings Bank; and (III) attestation of 501(3) tax-exempt status. Applications are reviewed bi-annually. Prior applicants may reapply one year from the date of prior submission. Decisions on funding are generally announced within 45-75 days of each application deadline.
cAny submission deadlines:
Applications are due by January 1, April 1, July 1, or October 1 to be valid for consideration.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
The Foundation considers applications for grants ranging from $2,000 up to $25,000, and focuses its philanthropic efforts on improving the vitality of Northern New England's regional and statewide economies through economic and workforce development in Maine, New Hampshire, and Massachusetts. Accordingly, the Foundation has a preference to support projects and initiatives in the following areas: (I) economic development; (II) education; (III) social and community services; (IV) culture and arts; and (V) health and wellness. The Foundation does not generally provide support for the following: political organizations; religious organizations or causes; sectarian purposes; endowments; salaries; scholarships; conferences; seminars; festivals, or similar events.
Form 990-PF (2024)
Form 990-PF (2024)
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

Acadia Hospital Corp

268 Stillwater Avenue
Bangor,ME04401 		N/A PC General Operating Support 40,000

Adoptive and Foster Families of Maine Inc

304 Hancock Street 2A
Bangor,ME04401 		N/A PC General Operating Support 4,000

Al Badoo Community Association of Maine

75 Bishop Street Suite 9
Portland,ME04103 		N/A PC General Operating Support 2,500

Americans Who Tell the Truth

46 Bridge Road
Brooksville,ME04617 		N/A PC General Operating Support 3,500

Andres Institute of Art

PO Box 226
Brookline,NH03033 		N/A PC General Operating Support 3,500

Androscoggin Valley Soil and Water Conservation District

254 Goddard Road
Lewiston,ME04240 		N/A PC General Operating Support 3,500

Animal Welfare Society Inc

PO Box 43
West Kennebunk,ME04094 		N/A PC General Operating Support 1,000

Arts in Reach

PO Box 236
Portsmouth,NH03802 		N/A PC General Operating Support 5,500

Augusta Food Bank

161 Mt Vernon Avenue
Augusta,ME04330 		N/A PC General Operating Support 4,500

Austin17 House

263 Route 125
Brentwood,NH03833 		N/A PC General Operating Support 4,000

Autism Society of Maine

72B Main Street
Winthrop,ME04364 		N/A PC General Operating Support 2,500

Avesta Housing Development Corporation

307 Cumberland Avenue
Portland,ME04101 		N/A PC General Operating Support 30,000

Avian Haven

418 N Palermo Road
Freedom,ME04941 		N/A PC General Operating Support 1,000

Bangor Area Homeless Shelter

263 Main Street
Bangor,ME04401 		N/A PC General Operating Support 10,000

Bangor Region YMCA

17 Second Street
Bangor,ME04401 		N/A PC General Operating Support 50,000

Bar Harbor Food Pantry

PO Box 434
Bar Harbor,ME04609 		N/A PC General Operating Support 3,000

Baxter Academy of Maine

185 Lancaster Street
Portland,ME04101 		N/A PC General Operating Support 5,500

Belfast Area Child Care Services

1025 Waterville Road
Waldo,ME04915 		N/A PC General Operating Support 2,500

Bethel Area District Exchange and Food Pantry

PO Box 232
Bethel,ME04217 		N/A PC General Operating Support 3,500

Biddeford Mills Museum

2 Main Street
Biddeford,ME04005 		N/A PC General Operating Support 2,500

Big Brothers Big Sisters of Mid Maine

66 Elm Street
Camden,ME04843 		N/A PC General Operating Support 2,000

Bigelow Laboratory for Ocean Sciences

60 Bigelow Drive
East Boothbay,ME04544 		N/A PC General Operating Support 5,500

Blue Hills Heritage Trust

157 Hinckley Ridge Road
Blue Hill,ME04614 		N/A PC General Operating Support 7,000

Bowdoinham Community Development Initiative

PO Box 343
Bowdoinham,ME04008 		N/A PC General Operating Support 2,500

Bruun Studio Inc

79 Abbie Lane
Damariscotta,ME04543 		N/A PC General Operating Support 5,000

Burlington Food Pantry

1515 Long Ridge Road
Burlington,ME04417 		N/A PC General Operating Support 1,000

CADY Inc Communities for Alcohol & Drug-free Youth

94 Highland Avenue
Plymouth,NH03264 		N/A PC General Operating Support 5,000

Catherine Morrill Day Nursery

96 Danforth Street
Portland,ME04101 		N/A PC General Operating Support 7,500

Center for Wildlife Inc

PO Box 620
Cape Neddick,ME03902 		N/A PC General Operating Support 2,500

Central Maine Area Agency on Aging

1 Weston Court Suite 109
Augusta,ME04330 		N/A PC General Operating Support 5,500

Circle Program

85 Main Street
Plymouth,NH03264 		N/A PC General Operating Support 3,500

ClimateWork Maine

44 Quebec Street 3
Portland,ME04101 		N/A PC General Operating Support 5,500

Common Good Soup Kitchen Community

PO Box 265
Southwest Harbor,ME04679 		N/A PC General Operating Support 5,000

Community Action Partnership of Strafford

577 Central Avenue Suite 10
Dover,NH03820 		N/A PC General Operating Support 7,500

Community Concepts

240 Bates Street
Lewiston,ME04240 		N/A PC General Operating Support 5,000

Community Day Care Center Inc

100 Campus Drive
Portsmouth,NH03801 		N/A PC General Operating Support 5,500

Coos Economic Development Corp

PO Box 205
Lancaster,NH03584 		N/A PC General Operating Support 3,000

Crisis and Counseling Centers

10 Caldwell Road
Augusta,ME04330 		N/A PC General Operating Support 3,000

Cross Roads House Inc

600 Lafayette Road
Portsmouth,NH03801 		N/A PC General Operating Support 5,000

David's House

461 Mt Support Road
Lebanon,NH03766 		N/A PC General Operating Support 4,000

Down East Hospice Volunteers

24 Hospital Lane
Calais,ME04619 		N/A PC General Operating Support 4,000

Downeast Institute for Applied Marine Research & Education

PO Box 83
Beals,ME04611 		N/A PC General Operating Support 5,500

Easter Seals New Hampshire Inc

555 Auburn Street
Manchester,NH03103 		N/A PC General Operating Support 2,500

Ellsworth Rotary Club Foundation

PO Box 841
Ellsworth,ME04605 		N/A PC General Operating Support 2,500

Fair Tide Inc

16 State Road
Kittery,ME03904 		N/A PC General Operating Support 7,500

Families First Community Center

PO Box 951
Ellsworth,ME04605 		N/A PC General Operating Support 4,000

Family Promise of Southern New Hampshire

PO Box 450
Nashua,NH03061 		N/A PC General Operating Support 3,000

Family Resource Center at Gorham

123 Main Street
Gorham,NH03581 		N/A PC General Operating Support 3,000

Friends of Aine Foundation

146 Lowell Street
Manchester,NH03104 		N/A PC General Operating Support 3,000

Friends of Katahdin Woods and Waters

PO Box 18177
Portland,ME04112 		N/A PC General Operating Support 50,000

Friends of River Valley

PO Box 31
Portland,ME04112 		N/A PC General Operating Support 4,000

Furniture Friends

PO Box 631
Westbrook,ME04098 		N/A PC General Operating Support 4,000

Girl Scouts of Maine

138 Gannett Drive
South Portland,ME04106 		N/A PC General Operating Support 3,000

Girls on the Run New Hampshire

117 Water Street Unit 9
Exeter,NH03833 		N/A PC General Operating Support 3,500

Give a Dog a Home Rescue

187 Downs Road
Sebec,ME04481 		N/A PC General Operating Support 5,500

Good Shepherd Food Bank

3121 Hotel Road
Auburn,ME04210 		N/A PC General Operating Support 25,000

Granite State Dog Recovery

PO Box 4581
Manchester,NH03109 		N/A PC General Operating Support 4,000

Granite United Way

22 Concord Street Floor 2
Manchester,NH03101 		N/A PC General Operating Support 2,000

Greater Androscoggin Humane Society

55 Strawberry Avenue
Lewiston,ME04240 		N/A PC General Operating Support 1,000

Greater Seacoast Community Health

311 Route 108
Somersworth,NH03878 		N/A PC General Operating Support 1,000

Habitat for Humanity 7 Rivers ME

126 Maine Street Suite 1
Topsham,ME04086 		N/A PC General Operating Support 5,000

Habitat for Humanity International Inc

322 W Lamar Street
Americus,GA317093543 		N/A PC f/b/o Hancock County Habitat for Humanity 5,500

Habitat for Humanity of Greater Bangor

382 Harlow Street
Bangor,ME04401 		N/A PC General Operating Support 5,500

Habitat For Humanity York County

PO Box 267
Kennebunk,ME04043 		N/A PC General Operating Support 5,500

Haven - Violence Prevention & Support Services

20 International Drive Suite 300
Portsmouth,NH03801 		N/A PC General Operating Support 5,500

Heart of Maine United Way

700 Main Street 1
Bangor,ME04401 		N/A PC General Operating Support 42,450

Home Health & Hospice Care

7 Executive Park Drive
Merrimack,NH03054 		N/A PC General Operating Support 3,000

Honor Flight Maine

PO Box 1770
Portland,ME04104 		N/A PC General Operating Support 5,500

Hope and Justice Project Inc

5 Erskine Street
Presque Isle,ME04769 		N/A PC General Operating Support 4,000

Junior Achievement of Maine

565 Congress Street Suite 306
Portland,ME04101 		N/A PC General Operating Support 7,500

Kennebec Valley Mental Health Center

67 Eustis Parkway
Waterville,ME04901 		N/A PC General Operating Support 4,000

Kimball Jenkins Inc

266 North Main Street
Concord,NH03301 		N/A PC General Operating Support 1,000

LifeFlight Foundation

PO Box 899
Camden,ME04843 		N/A PC General Operating Support 50,000

Literacy Volunteers- Androscoggin

51 Westminster Street Room 116
Lewiston,ME04240 		N/A PC General Operating Support 4,000

Little Angels Service Dogs

1088 US Route 302
Barlett,NH03812 		N/A PC General Operating Support 5,000

Live and Let Live Farm

20 Paradise Lane
Chichester,NH03258 		N/A PC General Operating Support 5,000

Loaves and Fishes Food Pantry

PO Box 1672
Ellsworth,ME04605 		N/A PC General Operating Support 5,500

Maine Boys To Men

170 US Route 1 230
Falmouth,ME04105 		N/A PC General Operating Support 5,000

Maine Children's Home for Little Wanderers

93 Silver Street
Waterville,ME04901 		N/A PC General Operating Support 7,500

Maine General Health

PO Box 828
Waterville,ME04903 		N/A PC General Operating Support 25,000

Maine Immigrant & Refugee Services

256 Bartlett Sheet
Lewiston,ME04240 		N/A PC General Operating Support 7,500

Maine Public Broadcasting Corporation

1450 Lisbon Street
Lewiston,ME04240 		N/A PC General Operating Support 50,000

Maine State Music Theater

22 Elm Street
Brunswick,ME04011 		N/A PC General Operating Support 1,000

MaineHealth

22 Bramhall Street
Portland,ME04102 		N/A PC General Operating Support 50,000

MaineShare

PO Box 2095
Augusta,ME04338 		N/A PC General Operating Support 2,000

MCH Inc

46 Summer Street
Rockland,ME04841 		N/A PC General Operating Support 5,000

Meals on Wheels of Hillsborough County

46 Milford Street
Manchester,NH03102 		N/A PC General Operating Support 5,500

Midcoast Literacy

34 Wing Farm Parkway
Bath,ME04530 		N/A PC General Operating Support 4,500

Moosehead Outdoor Alliance

PO Box 924
Greenville,ME04441 		N/A PC General Operating Support 3,000

Mount Desert Island Hospital

PO Box 8
Bar Harbor,ME04609 		N/A PC General Operating Support 20,000

My Breast Cancer Support

One New Hampshire Avenue Suite 125
Portsmouth,NH03801 		N/A PC General Operating Support 2,000

My First Bookshelf

310 Mt Hope Church Road
Stafford,VA22554 		N/A PC General Operating Support 2,500

My Place Teen Center

755 Main Street
Westbrook,ME04092 		N/A PC General Operating Support 4,000

NAMI Maine Inc

52 Water Street
Hallowell,ME04347 		N/A PC General Operating Support 5,000

New Hampshire Association for the Blind

25 Walker Street
Concord,NH03301 		N/A PC General Operating Support 5,000

New Hampshire Children's Trust Inc

10 Ferry Street 307
Concord,NH03301 		N/A PC General Operating Support 2,500

Northeastern University

360 Huntington Avenue
Boston,MA02115 		N/A PC General Operating Support 50,000

Northern Oxford Regional Ambulance Service

290 Highland Terrace
Mexico,ME04257 		N/A PC General Operating Support 5,500

Office of Public Guardian

2 Pillsbury Street
Concord,NH03301 		N/A PC General Operating Support 5,500

Ogunquit Playhouse Foundation

10 Main Street
Ogunquit,ME03907 		N/A PC General Operating Support 3,000

Old Town Animal Orphanage

71 Airport Road
Old Town,ME04468 		N/A PC General Operating Support 5,000

Open Table MDI

116 Cottage Street
Bar Harbor,ME04609 		N/A PC General Operating Support 6,500

Opportunity Networks Inc

11 Caldwell Drive
Amherst,NH03031 		N/A PC General Operating Support 2,500

Our Place Inc

PO Box 65
Dover,NH03821 		N/A PC General Operating Support 3,000

Pay It Forward For Kids - Waldo County

PO Box 538
Searsport,ME04974 		N/A PC General Operating Support 3,000

Pine Tree Hospice

883 West Main Street
DoverFoxcroft,ME04426 		N/A PC General Operating Support 9,220

Pine Tree Society

149 Front Street
Bath,ME04530 		N/A PC General Operating Support 5,000

Pink Revolution Breast Cancer Alliance of NH Corporation

PO Box 578
Brookline,NH03033 		N/A PC General Operating Support 3,000

Players' Ring Company

10 Marcy Street
Portsmouth,NH03801 		N/A PC General Operating Support 4,500

River City Athletics

129 Farm Road
Bangor,ME04401 		N/A PC General Operating Support 12,500

Rutherford Library Association

PO Box 145
South Bristol,ME04568 		N/A PC General Operating Support 2,000

Saco Meals Program

PO Box 513
Saco,ME04072 		N/A PC General Operating Support 5,000

Safe Voices

PO Box 713
Auburn,ME04212 		N/A PC General Operating Support 5,000

Second Start

17 Knight Street
Concord,NH03301 		N/A PC General Operating Support 2,000

Seniors Plus

8 Falcon Road
Lewiston,ME04240 		N/A PC General Operating Support 15,000

Sexual Assault Crisis & Support Center

PO Box 417
Winthrop,ME04364 		N/A PC General Operating Support 5,000

Society for the Protection of New Hampshire Forests

54 Portsmouth Street
Concord,NH03301 		N/A PC General Operating Support 1,000

Some Theatre Company

28 Dillingham Street
Bangor,ME04401 		N/A PC General Operating Support 1,000

Southeastern New Hampshire Alcohol and Drug Abuse Services

272 County Farm Road
Dover,NH03820 		N/A PC General Operating Support 5,000

Special Childrens Friends

78 Union Street
Ellsworth,ME04605 		N/A PC General Operating Support 2,800

Special Surfers

PO Box 752
Saco,ME04072 		N/A PC General Operating Support 4,000

Step Up Parents

29 Rockingham Street
Portsmouth,NH03801 		N/A PC General Operating Support 5,500

Sunrise Opportunities

PO Box 88
Machias,ME04654 		N/A PC General Operating Support 5,500

Tedford Housing

PO Box 958
Brunswick,ME04011 		N/A PC General Operating Support 10,000

The Ark Animal Shelter

60 Barber Lane
Cherryfield,ME04622 		N/A PC General Operating Support 10,000

The Center for Grieving Children

555 Forest Avenue
Portland,ME04104 		N/A PC General Operating Support 5,000

The Children's Center Early Intervention and Family Support

1 Alden Avenue
Augusta,ME04330 		N/A PC General Operating Support 5,500

The Courageous Steps Project

PO Box 1
Stillwater,ME04489 		N/A PC General Operating Support 3,000

The Foundation for Maine Community Colleges

54 Lighthouse Circle
South Portland,ME04106 		N/A PC General Operating Support 25,000

The Friendly Kitchen Inc

PO Box 373
Concord,NH03302 		N/A PC General Operating Support 5,500

The Front Door Agency

7 Concord Street
Nashua,NH03064 		N/A PC General Operating Support 5,000

Through These Doors

100 Humphries Road
Cape Elizabeth,ME04107 		N/A PC General Operating Support 5,000

Trinity Jubilee Center

247 Bates Street
Lewiston,ME04240 		N/A PC General Operating Support 12,500

United Midcoast Charities

87 Elm Street Suite 205
Camden,ME04843 		N/A PC General Operating Support 1,800

United Way of Androscoggin County

PO Box 888
Lewiston,ME04243 		N/A PC General Operating Support 2,700

United Way of Aroostook County

830 Main Street Unit 4
Presque Isle,ME04769 		N/A PC General Operating Support 1,000

United Way of Greater Nashua

20 Broad Street 1
Nashua,NH03064 		N/A PC General Operating Support 1,000

United Way of Kennebec Valley

121 Commercial Street
Augusta,ME04330 		N/A PC General Operating Support 5,850

United Way of Mid Coast Maine

34 Wing Farm Parkway 201
Bath,ME04530 		N/A PC General Operating Support 2,000

United Way of Southern Maine

550 Forest Avenue Suite 100
Portland,ME04101 		N/A PC General Operating Support 17,800

United Way of Tri-Valley

PO Box 126
Farmington,ME04938 		N/A PC General Operating Support 1,900

Volunteers of America Northern New England

14 Maine Street 100
Brunswick,ME04011 		N/A PC General Operating Support 7,500

Waldo County Young Men's Christian Association

157 Lincolnville Avenue
Belfast,ME04915 		N/A PC General Operating Support 4,080

Waldoboro Food Pantry

124 Friendship Road
Waldoboro,ME04572 		N/A PC General Operating Support 4,000

Wayfinder Schools

PO Box 555
Camden,ME04843 		N/A PC General Operating Support 7,500

Waypoint

464 Chestnut Street
Manchester,NH03105 		N/A PC General Operating Support 2,500

Weathervane Theatre Players Inc

PO Box 127
Whitefield,NH03598 		N/A PC General Operating Support 1,000

Webster House

135 Webster Street
Manchester,NH03104 		N/A PC General Operating Support 8,700

Western Maine Children's Museum

PO Box 1161
Wilton,ME04294 		N/A PC General Operating Support 3,000

Winslow Community Cupboard

1379 Augusta Road
Winslow,ME04901 		N/A PC General Operating Support 1,000

Winterport Little League

PO Box 691
Winterport,ME04496 		N/A PC General Operating Support 2,000

Yellow Tulip Project

533 Congress Street
Portland,ME04101 		N/A PC General Operating Support 2,500

YMCA Auburn-Lewiston Maine

62 Turner Street
Auburn,ME04210 		N/A PC General Operating Support 7,500

York Community Service Association

PO Box 180
York,ME03909 		N/A PC General Operating Support 3,000

Young Men's Christian Assoc Boothbay Region YMCA

PO Box 500
Boothbay Harbor,ME04538 		N/A PC General Operating Support 7,500

Youth and Family Outreach

331 Cumberland Avenue
Portland,ME04101 		N/A PC General Operating Support 10,000
Total .................................right arrow 3a 1,151,300
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
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 99,657  
4 Dividends and interest from securities ....     14 165,412  
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 ............ 		    18 245,064  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aClass action settlement 		    01 145  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 510,278 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
510,278
(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 (2024)
Form 990-PF (2024)
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 Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
Bangor Savings Bank Foundation
 
Employer identification number

04-3353896
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
Bangor Savings Bank Foundation
  		Employer identification number
04-3353896
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
Bangor Savings Bank
 
24 Hamlin Way
 
Bangor, ME044020930

$ 324,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
Bangor Savings Bank Foundation
  		Employer identification number

04-3353896
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
Bangor Savings Bank Foundation
  		Employer identification number

04-3353896
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
Bangor Savings Bank Foundation
EIN:
04-3353896
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting fees 2,650 1,325   1,325

TY 2024 InvestmentsCorpBondsSchedule
Name:
Bangor Savings Bank Foundation
EIN:
04-3353896
Name of Bond End of Year Book Value End of Year Fair Market Value
400000 units Federal Farm Credit Corp 5.36% 400,000 400,996
200000 units Federal Home Loan Bank 2.81% 198,728 198,994
3352 units GVI 350,367 355,379
1063 units MBB 100,069 99,688

TY 2024 InvestmentsCorpStockSchedule
Name:
Bangor Savings Bank Foundation
EIN:
04-3353896
Name of Stock End of Year Book Value End of Year Fair Market Value
674 units AMZN 68,243 128,235
282 units LOW 32,487 65,771
255 units STZ 53,846 46,798
376 units PEP 44,961 56,377
817 units WMT 31,358 71,724
439 units PSX 24,056 54,208
510 units GNRC 54,965 64,592
145 units BRK/B 28,606 77,224
446 units ICE 15,105 76,935
460 units JNJ 63,644 76,286
642 units JPM 49,054 157,483
675 unit TSCO 31,378 37,193
172 units ICLR 12,766 30,098
215 units VRTX 45,264 104,236
824 units RTX 63,531 109,147
145 units ELV 30,680 63,069
229 units FDX 39,886 55,826
500 units MSFT 147,369 187,695
167 units ADBE 66,721 64,050
131 units V 1,462 45,910
307 units CRM 52,299 82,387
880 units AAPL 66,007 195,474
545 units AMAT 22,610 79,090
605 units NVO 40,069 42,011
863 units GOOGL 58,477 133,454
1415 units VZ 53,292 64,184
77 units META 37,276 44,380
661 units AWK 80,007 97,511
468 units XLY 83,556 92,411
6324 units IJR 284,441 661,301
12493 units IJH 178,573 728,967
4528 units VWO 170,905 204,937
13448 units IEFA 790,447 1,017,341
689 units DIS 62,660 68,004
146 units SNPS 71,847 62,612
209 units SYK 18,284 77,800
276 units XLB 23,863 23,730
270 units GD 67,763 73,597
446 units ED 43,727 49,323
1388 units C 78,811 98,534
187 units BA 28,357 31,893
1064 units CELH 35,813 37,900
720 units ESTC 76,456 64,152
606 units XOM 72,029 72,072
186 units FSLR 32,822 23,516
475 units NKE 36,057 29,010
801 units NVDA 104,506 86,812
458 units PYPL 36,245 29,885
713 units XLK 149,793 147,220
546 units TTD 36,348 29,877
387 units UBER 28,131 28,197

TY 2024 InvestmentsGovtObligationsSch
Name:
Bangor Savings Bank Foundation
EIN:
04-3353896
US Government Securities - End of Year Book Value:

1,350,864
US Government Securities - End of Year Fair Market Value:

1,361,042
State & Local Government Securities - End of Year Book Value:


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


0


TY 2024 InvestmentsOtherSchedule2
Name:
Bangor Savings Bank Foundation
EIN:
04-3353896
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
221 units PSA AT COST 52,262 66,143
3703 units GLDM AT COST 157,242 229,179

TY 2024 OtherIncomeSchedule2
Name:
Bangor Savings Bank Foundation
EIN:
04-3353896
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Class action settlement 145 145 145


TY 2024 OtherProfessionalFeesSchedule
Name:
Bangor Savings Bank Foundation
EIN:
04-3353896
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment advisory fees 42,011 42,011   0


TY 2024 TaxesSchedule
Name:
Bangor Savings Bank Foundation
EIN:
04-3353896
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Excise taxes 3,690 0   0