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 01-01-2024 , and ending 12-31-2024
Name of foundation
John T Gorman Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)200 Middle Street 804
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Portland, ME04101
A Employer identification number

01-0498551
B Telephone number (see instructions)

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

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$223,518,154J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 1,163,081 1,163,081  
4 Dividends and interest from securities... 832,655 832,655  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 11,644,440
b Gross sales price for all assets on line 6a 68,046,196
7 Capital gain net income (from Part IV, line 2)... 5,162,526
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
0 2,562,381  
12 Total. Add lines 1 through 11........ 13,640,176 9,720,643  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 746,716 70,965   675,751
14 Other employee salaries and wages...... 744,470 72,523   671,947
15 Pension plans, employee benefits....... 219,555 16,341   203,214
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
1,580 0   1,580
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
41,880 5,290   36,590
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
933,533 643,963   289,570
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
240,353 0   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
59,438 0  
20 Occupancy.............. 188,768 10,815   177,953
21 Travel, conferences, and meetings....... 80,597 0   80,597
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
130,293 491   238,889
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,387,183 820,388   2,376,091
25 Contributions, gifts, grants paid....... 7,535,759 7,535,759
26 Total expenses and disbursements. Add lines 24 and 25 10,922,942 820,388   9,911,850
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,717,234
b Net investment income (if negative, enter -0-) 8,900,255
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............. 538,695 442,256 442,256
2 Savings and temporary cash investments......... 2,395,999 4,386,789 4,386,789
3 Accounts receivable right arrow2,921,238
Less: allowance for doubtful accounts right arrow   4,872,367 2,921,238 2,921,238
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow750,000
Less: allowance for doubtful accounts right arrow0 750,000 750,000 750,000
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 782,224 654,870 654,870
10a Investments—U.S. and state government obligations (attach schedule) 21,060,564 Click to see attachment
List of Attached Documents:
// Content
26,554,962 		26,554,962
b Investments—corporate stock (attach schedule)....... 84,945,688 Click to see attachment
List of Attached Documents:
// Content
94,794,165 		94,794,165
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 97,799,261 Click to see attachment
List of Attached Documents:
// Content
92,199,603 		92,199,603
14 Land, buildings, and equipment: basis right arrow1,031,890
Less: accumulated depreciation (attach schedule) right arrow787,260 294,927 Click to see attachment
List of Attached Documents:
// Content
244,630 		244,630
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
706,574 		Click to see attachment
List of Attached Documents:
// Content
569,641 		Click to see attachment
List of Attached Documents:
// Content
569,641
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 214,146,299 223,518,154 223,518,154
Liabilities 17 Accounts payable and accrued expenses.......... 693,023 624,839
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,474,602 		Click to see attachment
List of Attached Documents:
// Content
1,461,418
23 Total liabilities (add lines 17 through 22)......... 2,167,625 2,086,257
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........... 211,978,674 221,431,897
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 211,978,674 221,431,897
30 Total liabilities and net assets/fund balances (see instructions). 214,146,299 223,518,154
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
211,978,674
2
Enter amount from Part I, line 27a .....................
2
2,717,234
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
6,735,989
4
Add lines 1, 2, and 3 ..........................
4
221,431,897
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
221,431,897
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 P 2023-12-30 2024-12-30
b Net Adjustment for Pass-Through Interests P 2023-12-30 2024-12-30
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 68,046,196   56,401,756 11,644,440
b     6,481,914 -6,481,914
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       11,644,440
b       -6,481,914
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 5,162,526
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) 1 123,714
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........................... 3 123,714
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- ..... 5 123,714
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 227,358
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 140,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 367,358
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 243,644
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow243,644 Refundedright arrow 11 0
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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowME
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 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.jtgfoundation.org
14
The books are in care ofright arrowMichael Bevilacqua Telephone no.right arrow (207) 518-6784

Located atright arrow200 Middle Street 804PortlandME ZIP+4right arrow04101
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 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
Nicole Witherbee ex officio President, CEO, & Director
40.00 		383,618 31,379 0
200 Middle Street 804
Portland,ME04101
Michael Bevilacqua CFO/Treasurer, Chief Operating Officer
40.00 		303,428 28,291 0
200 Middle Street 804
Portland,ME04101
Anne Dinsmore Director
2.00 		0 0 0
200 Middle Street 804
Portland,ME04101
Maggie Christie Keohan Director
2.00 		0 0 0
200 Middle Street 804
Portland,ME04101
Richard W Petersen Director
1.50 		0 0 0
200 Middle Street 804
Portland,ME04101
Rebecca Hatfield Director
1.50 		0 0 0
200 Middle Street 804
Portland,ME04101
John Sullivan Director
2.00 		0 0 0
200 Middle Street 804
Portland,ME04101
Shawn O Gorman Chairman & Director
2.50 		0 0 0
200 Middle Street 804
Portland,ME04101
Martha E Greene Secretary & Director
2.50 		0 0 0
200 Middle Street 804
Portland,ME04101
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
Jennifer Beck VP, Programs
40.00 		225,271 27,212 0
200 Middle Street 804
Portland,ME04101
Leigh Arsenault Senior Program Assoc
40.00 		123,831 13,070 0
200 Middle Street 804
Portland,ME04101
Andrew Colvin Director, Communicat
40.00 		91,130 20,784 0
200 Middle Street 804
Portland,ME04101
Jennifer Rice Executive Assistant
40.00 		75,079 26,134 0
200 Middle Street 804
Portland,ME04101
James Patefield Grants & Data Associ
32.00 		74,188 12,359 0
200 Middle Street 804
Portland,ME04101
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
Cambridge Associates Investment advisory services 364,515
125 High Street
Boston,MA02110
Northern Trust Company Investment custody services 112,322
50 South LaSalle Street
Chicago,IL60603
KKMG LLC Fellowship consultant/faculty 52,200
10 Moon Road
Gray,ME04039
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
217,238,722
b
Average of monthly cash balances.......................
1b
533,405
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
217,772,127
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
217,772,127
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
3,266,582
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
214,505,545
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
10,725,277
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
10,725,277
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
123,714
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
32,020
c
Add lines 2a and 2b............................
2c
155,734
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
10,569,543
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
10,569,543
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
10,569,543
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
9,911,850
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
9,911,850
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 10,569,543
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 9,483,324
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 9,911,850
a Applied to 2023, but not more than line 2a 9,483,324
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..... 428,526
e Remaining amount distributed out of corpus 0
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 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 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 .......... 		10,141,017
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) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
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:
Jennifer Beck
200 Middle Street Suite 804
Portland,ME04101
(207) 518-6784
bThe form in which applications should be submitted and information and materials they should include:
We generally do not fund unsolicited proposals; however, organizations are welcome to contact us with ideas that are aligned with our strategic focus. Please contact info@jtgfoundation.org with a brief description of your proposal, including the issue you are seeking to address, approach (including rationale), and cost of implementation.
cAny submission deadlines:
Not applicable, as the majority of grants are by invitation.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
The John T. Gorman Foundation invests in comprehensive strategies and initiatives that seek to improve the well-being and resiliency of Maine children by ensuring that they and their caregivers have the tools and supports needed to be successful. The bulk of our investments are invitation-only to grantees that have demonstrated a capacity for whole-family or two-generation approaches to prevent Adverse Childhood Experiences (ACEs) and improve child and family wellbeing in five key areas: education, social capital, physical/mental health, wealth and assets, and employment navigation and supports. Grants are made predominantly to 501(c)(3) public charities and government-affiliated entities.
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Jennifer Beck
200 Middle Street Suite 804
Portland,ME04101
(207) 518-6784
bThe form in which applications should be submitted and information and materials they should include:
Grantee and applicants can manage their existing grant or their application on the Foundation's website at: https://www.jtgfoundation.org/our-work/grants-giving/. Grantees and applicants should be prepared to provide the following information: proof of tax-exempt status; financial statements and budgets; detailed accounting for how the proposal advances the Foundation's mission.
cAny submission deadlines:
None. Grants are awarded based on need and approval to fund an applicant.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
The Direct Services Grant Program (DSGP) provides funding to non-profit organizations who provide supports and services addressing the immediate basic needs of people in Maine who are experiencing the adverse effects of poverty. Eligible programs and organizations are those that address or connect people to supports such as food, shelter, clothing, physical and mental health, transportation, English language classes, domestic violence, case management support, etc. The DSGP awards both program/project funding and general operating support. General operating support grants are limited to those organizations whose sole mission is to serve Maine residents who are experiencing poverty.
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

Adoptive and Foster Families of Maine Inc

304 Hancock Street Suite 2A
Bangor,ME044016573 		N/A PC To bolster the resources available to rural families in Maine 100,000

Androscoggin Head Start & Child Care (dba Promise Early Education Center)

269 Bates Street
Lewiston,ME042407331 		N/A PC Promise Food Pantry's supplying of personal hygiene items and cleaning supplies 5,000

Area Interfaith Outreach

PO Box 113
Rockland,ME048410113 		N/A PC Food, basic supplies and energy assistance for Knox County 15,000

Aroostook Area Agency on Aging

PO Box 1288
Presque Isle,ME047691288 		N/A PC To support home delivered meals for older adults 20,000

Aroostook County Action Program

771 Main Street
Presque Isle,ME047692201 		N/A PC To gather information about using Two-Gen and Whole Family approaches 10,000

Aspen Institute

2300 North Street NW Suite 700
Washington,DC200371122 		N/A PC Aspen Institute's Ascend Network's two-generation initiatives 100,000

Auburn School Department

60 Court Street Suite 227
Auburn,ME04210 		N/A GOV To pilot trauma-informed programming to bolster outcomes for students at Franklin School 125,000

Bangor Area Homeless Shelter

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

Bangor Housing Development Corporation

161 Davis Road
Bangor,ME044012310 		N/A PC Moving Families Forward; youth academic and career exporation; community events 297,000

Bethel Area District Exchange and Food Pantry

16 Church Street
Bethel,ME04217 		N/A PC To provide general operating support 10,000

Boy Scouts of America

131 Johnson Road
Portland,ME04102 		N/A PC To sponsor the 2024 Distinguished Citizen Award Dinner 10,000

Boys and Girls Club of Bangor

161 Davis Road
Bangor,ME044012310 		N/A PC Moving Families Forward; behavioral health support 316,000

Caring Unlimited

965 Main Street
Sanford,ME040733764 		N/A PC To provide general operating support 20,000

Catholic Charities Maine

PO Box 10660
Portland,ME041046060 		N/A PC To support the Seek Elderly Alone, Renew Courage and Hope (SEARCH) program 20,000

Center for the Advancement of Rural Living

358 Washburn Street
Caribou,ME047364117 		N/A PC To support the County Area Ride Service Program, a volunteer driver program in Aroostook County 20,000

Children's Center Early Intervention and Family Support

1 Alden Avenue
Augusta,ME04330 		N/A PC To support a curriculum related to the effects of generational childhood trauma 25,000

CHiP Inc

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

Coastal Enterprises Inc

30 Federal Street
Brunswick,ME040111510 		N/A PC Child Care Business Lab; child care worker program 150,000

Commonspace

103 India Street
Portland,ME041040992 		N/A PC To provide general operating support 15,000

Community Care

PO Box 936
Bangor,ME044020936 		N/A PC Shaw House Street Outreach Program 30,000

Community Concepts

240 Bates Street
Lewiston,ME042407330 		N/A PC Maine Resiliency Center, mental health support, generation and family approaches 85,000

Community Dental

190 Park Avenue
Portland,ME04102 		N/A PC To support the Access to Oral Healthcare Program, providing dental care to those experiencing poverty 20,000

Cross Cultural Community Services

PO Box 796
Portland,ME04104 		N/A PC $50,000 for immigrant populations; $500 to connect attendees to social service agencies/supports. 50,500

Day One

525 Main Street
South Portland,ME041065462 		N/A PC To support Lewiston youth through a harm reduction low barrier approach to services 20,000

Downeast Community Partners

248 Bucksport Road
Ellsworth,ME046052715 		N/A PC For information about how organizations are using Two-Gen and Whole Family approaches 10,000

Eastern Area Agency on Aging

240 State Street
Brewer,ME044121519 		N/A PC Provision of healthy, home-delivered meals to homebound older adults in eastern Maine 25,000

Eastern Maine Community College

637 Highland Avenue
South Portland,ME04106 		N/A GOV Industry Exploration Training for Moving Families Forward program 38,000

Educate Maine

482 Congress Street Suite 303
Portland,ME041013437 		N/A PC Teacher development; academic services research; youth support 196,000

Emmanuel Lutheran Episcopal Church

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

Family Planning Association of Maine

PO Box 587
Augusta,ME043320587 		N/A PC Caring Hands Fund; reproductive care services 22,500

First Congregational Church of Waterville Maine

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

Footprints Food Pantry

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

Foundation for Portland Public Schools

353 Cumberland Avenue
Portland,ME041012957 		N/A PC To support the success of multilingual students in Portland Public Schools 1,000

Franklin County Children's Task Force

113 Church Street
Farmington,ME04938 		N/A PC To student parents and their families using a Two-Generation approach 85,000

Friends in Action

PO Box 1446
Ellsworth,ME046051446 		N/A PC To provide general operating support 15,000

Friends of Katahdin Woods and Waters

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

Greater Portland Business Education Collaborative

93 Exchange Street
Portland,ME04101 		N/A PC To sponsor the 2024 Imagine Portland event, honoring Northern Light Mercy Hospital 7,500

Greater Portland Family Promise

PO Box 11048
Portland,ME041047048 		N/A PC To provide general operating support 20,000

Gulf of Maine Research Institute

350 Commercial Street
Portland,ME041014618 		N/A PC To provide support for GMRI's education programming 5,000

Hand in Hand Mano en Mano

4 Maple Street
Milbridge,ME04658 		N/A PC To provide general operating support 30,000

Harrison Food Bank

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

Healthy Acadia

75 State Street
Ellsworth,ME046051832 		N/A PC Family substance use assistance; food access and food justice 165,000

Healthy Neighborhoods

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

Homeless Services of Aroostook Inc

PO Box 1753
Presque Isle,ME047691753 		N/A PC To provide general operating support 30,000

Ifka Community Services

229 Lisbon Street Suite B
Lewiston,ME04240 		N/A PC To provide general operating support 5,000

In Her Presence

4 Milk Street
Portland,ME04101 		N/A PC To provide general operating support 50,000

Intercultural Community Center

36 Patrick Drive
Westbrook,ME040924807 		N/A PC To provide general operating support 20,000

Jewish Community Alliance of Southern Maine

1342 Congress Street
Portland,ME041022117 		N/A PC Maine Diaper Distribution Demonstration and Research Pilot 20,000

Jobs for the Future Inc

50 Milk Street 17th Floor
Boston,MA02109 		N/A PC To expand and strengthen support for student parents and their families 135,000

Kennebec Valley Community Action Program

101 Water Street
Waterville,ME049010000 		N/A PC Transportation, child health, safety resources, and basic needs; family generations 40,000

Knox County Homeless Coalition

PO Box 1696
Rockland,ME048411696 		N/A PC To provide general operating support 25,000

Lake Region Senior Service

182 North Road
Bridgton,ME040090816 		N/A PC To support the Healthcare Access Transportation Program 12,000

Legal Services for the Elderly

5 Wabon Street
Augusta,ME043307040 		N/A PC Legal Services for Maine Elders' 50th Anniversary Celebration event; general support 25,000

Lewiston Auburn Metropolitan Chamber of Commerce Foundation

415 Lisbon Street Suite 100
Lewiston,ME042407663 		N/A PC A Night of Celebration event for community workforce success 500

Lewiston Public Schools

36 Oak Street
Lewiston,ME04240 		N/A GOV Academic and social-emotional support programs 345,000

Loaves and Fishes Food Pantry

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

Locker Project

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

Lubec Community Outreach Center

44 South Street
Lubec,ME04652 		N/A PC Food Pantry and Youth Program meals 10,000

Lurie Childrens Hospital of Chicago

225 East Chicago Avenue Box 4
Chicago,IL60611 		N/A PC To support the implementation of the Pregnancy Risk Assessment Monitoring System in Maine 240,000

Mabel Wadsworth Women's Health Center

700 Mount Hope Avenue 420
Bangor,ME044015678 		N/A PC To provide general operating support 25,000

Machias Area Food Pantry

43 Kennebec Road
Machias,ME04654 		N/A PC To provide general operating support 25,000

Maine Association For New Americans

991 Forest Avenue Suite 203
Portland,ME04104 		N/A PC To support trauma-informed, multilingual and multicultural transportation program 25,000

Maine Association for the Deaf

13 County Charm Road
Cumberland Center,ME04021 		N/A PC To fund ASL interpreter stipends as part of recovery efforts for the Lewiston community 5,000

Maine Association for the Education Of Young Children

295 Water Street Suite 10
Augusta,ME043304659 		N/A PC To provide support for MAEYC's work co-leading the Right from the Start Coalition 25,000

Maine Association of Nonprofits

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

Maine Cancer Foundation

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

Maine Children's Alliance

331 State Street
Augusta,ME043307100 		N/A PC To support the Maine Child Welfare Action Network 115,000

Maine Childrens Home For Little Wanderers

93 Silver Street
Waterville,ME04901 		N/A PC To expand and strengthen support for student parents and their families 85,000

Maine Coalition Against Sexual Assault

83 Western Avenue Suite 2
Augusta,ME043307230 		N/A PC To provide general operating support 15,000

Maine Coalition to End Domestic Violence

101 Western Avenue
Augusta,ME04330 		N/A PC To provide general operating support 100,000

Maine Coast Fishermen's Association

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

Maine Community Foundation

245 Main Street
Ellsworth,ME046051613 		N/A PC Leadership Learning Exchange program; Education Funders Network 20,500

Maine Community Integration

11 Lisbon Street
Lewiston,ME042407198 		N/A PC Early intervention services; 2Gen conference 128,000

Maine Equal Justice

136 Sewall Street
Augusta,ME043306822 		N/A PC To support efforts to reduce child poverty and increase economic security for families with children 50,000

Maine Highlands Senior Center

152 East Main Street
DoverFoxcroft,ME04426 		N/A PC To support the Helping Hands with Heart/Maine Highlands Integrated Response Network Unmet Needs Fund 15,000

Maine Huts and Trails

496 Main Street Apartment C
Kingfield,ME049474152 		N/A PC To provide general operating support 5,000

Maine Immigrant and Refugee Services

256 Bartlett Street
Lewiston,ME04240 		N/A PC Circles of Care program; general support; immigrant services; data research 117,500

Maine Library Association

55 N Main Street Apartment 49
Belchertown,MA010078201 		N/A PC To provide general operating support 7,500

Maine Multicultural Center

40 Harlow Street
Bangor,ME044015182 		N/A PC To provide general operating support 10,000

Maine Needs

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

Maine Philanthropy Center

PO Box 9301
Portland,ME041049301 		N/A PC To provide general operating support 11,170

Maine Prisoner Advocacy Coalition (MPAC)

3 Angel Street
Lisbon Falls,ME04252 		N/A PC To provide general operating support 25,000

Maine School Administrative District 75

50 Republic Avenue
Topsham,ME04086 		N/A PC To support English language classes and to increase enrollment and student progress 20,000

Maine Seacoast Mission

6 Old Firehouse Lane
Northeast Harbor,ME04662 		N/A PC To support the Housing Improvement Program 30,000

Maine State Housing Authority

26 Edison Drive
Augusta,ME04330 		N/A GOV Lead paint interim control pilot program that helps families stay in their homes 38,000

MaineHealth

22 Bramhall Street
Portland,ME041023134 		N/A PC Child and family health and support services; health care development 310,000

Mainely Teeth (dba Mainely Smiles)

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

MCH Inc

46 Summer Street
Rockland,ME048412920 		N/A PC To support the Meals on Wheels program n Knox County 20,000

Mercy Hospital

43 Whiting Hill Road
Brewer,ME044121005 		N/A PC McAuley Residences; general support; professional development 263,000

Mid-Maine Homeless Shelter

19 Colby Street
Waterville,ME049015563 		N/A PC To provide general operating support 30,000

Midcoast Community Alliance

10 State Road Box 293
Bath,ME045306017 		N/A PC To provide general operating support 20,000

Milestone Recovery

65 India Street
Portland,ME041014209 		N/A PC General support; medical care for the impoverished 35,000

Morrison Center

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

Muskie Fund for Legal Services

PO Box 547
Portland,ME041120547 		N/A PC Annual event that supports six non-profit legal services providers 3,500

National Trust for Local News

50 West Hampden Avenue
Englewood,CO80110 		N/A PC To support articles that raise awareness about underreported issues Maine children and families face 25,000

Neighbors Driving Neighbors

PO Box 142
Mount Vernon,ME043520142 		N/A PC To provide general operating support 12,000

New Beginnings

134 College Street
Lewiston,ME042406810 		N/A PC To provide general operating support 20,000

New England Arab American Organization

PO Box 1812
Portland,ME041041812 		N/A PC Our Bridge program, providing emergency assistance to New Mainer families 25,000

New Hope For Women Inc

PO Box A
Rockland,ME048410733 		N/A PC To support safe and stable sheltering for survivors of domestic abuse 25,000

Next Step Domestic Violence Project

733 Bangor Road
Ellsworth,ME04605 		N/A PC To provide general operating support 20,000

Northern Lighthouse Inc

559 Sweden Street
Caribou,ME04736 		N/A PC To provide general operating support 30,000

Oasis Free Clinics

331 Main Street
Brunswick,ME040113230 		N/A PC To provide general operating support 25,000

Olympia Snowe Women's Leadership Institute

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

Partners for Rural Impact

439 Walnut Meadow Road
Berea,KY40403 		N/A PC To provide support to grantee attendees of the Northern New England Rural Summit 22,724

Penobscot Community Health Center

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

Penquis CAP Inc

262 Harlow Street
Bangor,ME04401 		N/A PC Housing assistance and basic needs; family generations research 30,000

Piscataquis Regional Food Center

76 North Street
Dover Foxcroft,ME04426 		N/A PC To provide general operating support 30,000

Preble Street

55 Portland Street
Portland,ME04101 		N/A PC To provide general operating support 40,000

Prosperity ME

175 Lancaster Street Suite 216A
Portland,ME04101 		N/A PC To support an affordable multifamily rental housing development and to prevent homelessness 100,000

Raise-Op Housing Cooperative

145 Pierce Street Office 102
Lewiston,ME042407343 		N/A PC To provide general operating support 50,000

Rangeley Health and Wellness

PO Box 722
Rangeley,ME049700722 		N/A PC Essential food support to vulnerable residents 20,000

River Valley Healthy Communities Coalition

49 Congress Street
Rumford,ME042760086 		N/A PC To support the Old School Food Pantry 10,000

Rural Community Action Ministry

81 Church Hill Road
Leeds,ME042633402 		N/A PC To provide general operating support 17,000

Safe Families for Children Alliance

4300 W Irving Park Road
Chicago,IL60641 		N/A PC For the Maine chapter of Safe Families for Children 35,000

Safe Voices

PO Box 713
Auburn,ME04212 		N/A PC Emergency Sheltering Project 30,000

Saint Andre Home

1066 Kenduskeag Avenue
Bangor,ME044012914 		N/A PC To support the CourageLIVES program 25,000

Sanford Public Schools

917 Main Street Suite 200
Sanford,ME04073 		N/A GOV Empowering Families, Elevating Early Learners initiative 235,000

Seeds of Hope Neighborhood Center

35 South Street
Biddeford,ME040052473 		N/A PC To provide general operating support 25,000

Senator George J Mitchell Scholarship Research Institute

75 Washington Avenue Suite 2E
Portland,ME041012665 		N/A PC To sponsor the Mitchell Institute Fall 2024 Gala 3,000

Somerset Career & Technical Center

61 Academy Circle
Skowhegan,ME04976 		N/A PC Pilot project to increase the availability of reliable transportation 30,000

Southern Maine Agency on Aging

30 Barra Road
Biddeford,ME040059459 		N/A PC Case management services for older adults and adults with disabilities 15,000

Special Olympics Maine

525 Main Street Unit D
South Portland,ME04106 		N/A PC To provide general operating support 5,000

Spurwink Services

901 Washington Avenue Suite 100
Portland,ME041032842 		N/A PC To support programming in Androscoggin County 12,500

St Luke Food Pantry

134 Park Street
Portland,ME04101 		N/A PC To provide general operating support 10,000

State of Maine Dept of Health and Human Services

11 State House Station
Augusta,ME04330 		N/A GOV To support an external grant writer for a federal funding opportunity 14,265

Sunrise County Economic Council

7 Ames Way
Machias,ME046541424 		N/A PC Expand and strengthen support for student parents and their families 90,000

Sunrise Opportunities

PO Box 88
Machias,ME046540088 		N/A PC General operating support for Community Caring Collaborative 100,000

Sweetser

50 Moody Street
Saco,ME04072 		N/A PC To provide general operating support 12,500

Table of Plenty

PO Box 232
Berwick,ME039010232 		N/A PC To provide general operating support 10,000

Teens to Trails

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

The Center for Grieving Children

555 Forest Avenue
Portland,ME04101 		N/A PC To provide general operating support 10,000

The Drop-in Center

169 Pleasant Street
Auburn,ME04210 		N/A PC To provide general operating support 5,000

The Opportunity Alliance

50 Lydia Lane
South Portland,ME041062156 		N/A PC To gather information about how organizations are using Two-Gen and WholeFamily approaches 10,000

The Root Cellar

94 Washington Avenue
Portland,ME041012630 		N/A PC Expanding physical space; provide general support 275,000

Trekkers Inc

325 Old County Road
Rockland,ME04841 		N/A PC To support the MidCoast Community Collaborative 215,000

Trinity Jubilee Center

247 Bates Street
Lewiston,ME042407331 		N/A PC To provide general operating support 15,000

Unitarian Universalist Association

24 Farnsworth Street
Boston,MA022101264 		N/A PC Provision of non-food household items to families 10,000

United Recovery Fund

494 Forest Avenue
Portland,ME041011512 		N/A PC To support individuals in early recovery from substance use disorder and reentry from jail and prison 15,000

United Way Of Androscoggin County Inc

66 Ash Street
Lewiston,ME04243 		N/A PC Support for the current and emerging needs of the Lewiston community 5,000

United Way of Southern Maine

550 Forest Avenue Suite 100
Portland,ME04101 		N/A PC ALICE education campaign; Maine Early Childhood Funders 145,000

United Way of Tri-Valley Area

218 Fairbanks Road
Farmington,ME04938 		N/A PC To provide support for the Don't Despair Car Repair program 30,000

Unity Barn Raisers

32 School Street
Unity,ME04988 		N/A PC To provide general operating support to Waldo County Bounty 15,000

University System of New Hampshire

5 Chenell Drive Suite 301
Concord,NH033018522 		N/A PC Research and evaluation activities for Foundation funded grants and initiatives 159,000

Veterans Inc

69 Grove Street
Worcester,MA016052600 		N/A PC To provide operating support for Lewiston, Maine programming 25,000

Volunteers of America Northern New England

14 Main Street Suite 100
Brunswick,ME04011 		N/A PC To provide general operating support for the Cabin in the Woods program 5,000

Wabanaki Public Health and Wellness Inc

1 Merchants Plaza
Bangor,ME044018302 		N/A PC To support the purchase of essential supplies for recovery programs and detox residents 10,000

Waldo Community Action Partners

9 Field Street Suite 201
Belfast,ME04915 		N/A PC To gather information about how organizations in Maine use Two-Gen and Whole Family approaches 10,000

Waterville Area Soup Kitchen

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

Westbrook Housing

30 Liza Harmon Drive
Westbrook,ME04092 		N/A GOV To provide support for a campaign on housing that builds support for affordable housing for all Maine people 50,000

Western Maine Community Action

20A Church Street
East Wilton,ME04234 		N/A PC For information about how organizations are using Two-Gen and Whole Family approaches 10,000

Winthrop Food Pantry

10 Cross Road Suite 10E
Winthrop,ME04364 		N/A PC To provide general operating support 19,000

Yale University - School of Public Health

PO Box 208356
New Haven,CT06520 		N/A PC Yale's Elevate Policy Lab 63,600

York County Community Action Corporation

6 Spruce Street
Sanford,ME040732917 		N/A PC For information about how organizations are using Two-Gen and Whole Family approaches 10,000

Youth and Family Outreach

331 Cumberland Avenue
Portland,ME041012957 		N/A PC To support childcare access for families residing at Frances Warde in Portland 40,000
Total .................................right arrow 3a 7,535,759
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 1,163,081  
4 Dividends and interest from securities ....     14 832,655  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 11,644,440  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aNet Adjustment for Amounts Reported on Schedules K-1 		523000 176,340 14 2,562,381  
b(Recorded on Books)     14 -2,738,721  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 176,340 13,463,836 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
13,640,176
(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

TY 2024 AccountingFeesSchedule
Name:
John T Gorman Foundation
EIN:
01-0498551
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting and tax preparation fees 41,880 5,290   36,590

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

TY 2024 DepreciationSchedule
Name:
John T Gorman Foundation
EIN:
01-0498551
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
Furniture & Fixtures 2011-12-31 242,670 210,099 NC 0 % 0 0    
Computers & Equipment 2011-12-31 50,364 37,647 NC 0 % 0 0    
Leasehold Improvements 2011-12-31 738,856 539,514 NC 0 % 0 0    

TY 2024 InvestmentsCorpStockSchedule
Name:
John T Gorman Foundation
EIN:
01-0498551
Name of Stock End of Year Book Value End of Year Fair Market Value
CF Arrowstreet CAP GBL ALL CNTY Alpha EXTN FD (CAN) LTD 6,911,461 6,911,461
CF Silchester INTL INV INTL Value Equity Trust 6,486,874 6,486,874
MFO iShares MSCI EAFE International 2,126,888 2,126,888
MFO JOHCM International Select Fund 6,102,795 6,102,795
CF The (Global) Emerging Markets Country Fund 2,790,697 2,790,697
MFO Vanguard Total Stock Market Index Fund 23,251,547 23,251,547
Generation IM Sustainable Solutions Fund IV (B) 1,421,874 1,421,874
CF Tiger GBL Long Opportunities LTD 3,444,125 3,444,125
Generation IM Fund PLC 7,344,199 7,344,199
Overlook Partners Fund 4,668,787 4,668,787
CF Two Sigma Active EXTN US All Cap Equity Cayman Fund LTD 19,083,119 19,083,119
CF Luxor Capital Partners Offshore 364,516 364,516
King Street Capital LTD NYKSC Class S 242,893 242,893
CF Davidson CL C Tranche 3 01 Jan 2025 10,554,390 10,554,390

TY 2024 InvestmentsGovtObligationsSch
Name:
John T Gorman Foundation
EIN:
01-0498551
US Government Securities - End of Year Book Value:

26,554,962
US Government Securities - End of Year Fair Market Value:

26,554,962
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:
John T Gorman Foundation
EIN:
01-0498551
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Independent Franchise Partners Global Equity LP FMV 6,626,220 6,626,220
Acadian Sustainable Emerging Market Equity FMV 3,000,000 3,000,000
Durable Capital Offshore Fund LTD FMV 6,400,080 6,400,080
Fernbridge Capital Offshore Fund LTD FMV 1 1
Lone Cascade FMV 988,874 988,874
Elliot International Limited FMV 12,597,226 12,597,226
AACP Tax Exempt FMV 1,962,679 1,962,679
Accolade Partners Blockchain II Feeder FMV 1,215,800 1,215,800
Accolade Partners Blockchain III Seed Feeder FMV 112,235 112,235
Accolade Partners Blockchain III Venture Feeder FMV 393,464 393,464
Accolade Partners Growth I FMV 2,194,978 2,194,978
Accolade Partners Growth II FMV 1,020,058 1,020,058
Accolade Partners Growth III FMV 140,934 140,934
Accolade Partners IV FMV 2,209,349 2,209,349
Accolade Partners V FMV 2,978,359 2,978,359
Accolade Partners VI FMV 3,376,878 3,376,878
Accolade Partners VII FMV 2,907,718 2,907,718
Accolade Partners VIII FMV 1,310,236 1,310,236
Accolade Partners IX FMV 241,897 241,897
Asia Alternatives Delaware V FMV 138,791 138,791
Benefit Street Partners FMV 558,398 558,398
Blue Point Capital Partners V (A) FMV 655,184 655,184
CA Resources Fund (US Taxable) FMV 760,322 760,322
CA Resource Fund (US Tax Exempt) FMV 688,048 688,048
Dover Street VIII FMV 244,961 244,961
Dover Street IX FMV 1,383,676 1,383,676
Dover X FMV 1,792,677 1,792,677
Highbar Partners III FMV 746,864 746,864
Hillhouse Foucused Growth Fund V Feeder FMV 457,546 457,546
Hillhouse Fund V Feeder FMV 449,320 449,320
Hillhouse Venture Fund V Feeder FMV 818,954 818,954
Hillhouse Venture Fund VI Feeder FMV 166,429 166,429
Hillhouse Fund IV Feeder FMV 1,325,640 1,325,640
Hillhouse Fund III FMV 976,123 976,123
Kline Hill Partners II FMV 1,339,407 1,339,407
Kline Hill Partners FMV 1,316,105 1,316,105
Kline Hill Partners Core Offshore Fund FMV 906,228 906,228
Kline Hill Offshore Fund III FMV 1,631,414 1,631,414
Kline Hill Opportunity Offshore III FMV 607,462 607,462
Kline Hill Opportunity Offshore IV FMV 824,576 824,576
Kiline Hill Opportunity Offshore V FMV 470,908 470,908
Kline Hill Offshore Fund IV FMV 2,801,772 2,801,772
MVM V LP FMV 1,657,934 1,657,934
MVM VI LP FMV 568,364 568,364
Moonrise China Partners I FMV 1,064,370 1,064,370
Moonrise China Partners II FMV 1,159,589 1,159,589
Moonrise Venture Partners I FMV 3,581,535 3,581,535
Moonrise Venture Partners II FMV 2,519,974 2,519,974
Moonrise Venture Partners III FMV 1,289,944 1,289,944
Pelican Energy Partners II FMV 1,655,652 1,655,652
Pelican Energy Partners III FMV 1,967,751 1,967,751
Sentinel Capital VI FMV 522,531 522,531
Sentinel Capital VII FMV 354,448 354,448
Sentinel Junior Capital I FMV 426,540 426,540
Sentinel Junior Capital II FMV 137,828 137,828
Sentinel Continuation Fund FMV 122,712 122,712
Truebridge V FMV 3,548,618 3,548,618
Truebridge Global Premier I FMV 315,567 315,567
Turnspire Value Fund II FMV 568,455 568,455

TY 2024 LandEtcSchedule2
Name:
John T Gorman Foundation
EIN:
01-0498551
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Furniture and fixtures 242,670 210,099 32,571 32,571
Computers and equipment 50,364 37,647 12,717 12,717
Leasehold improvements 738,856 539,514 199,342 199,342


TY 2024 LegalFeesSchedule
Name:
John T Gorman Foundation
EIN:
01-0498551
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Legal fees 1,580 0   1,580


TY 2024 OtherAssetsSchedule
Name:
John T Gorman Foundation
EIN:
01-0498551
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Operating lease right-of-use asset 706,574 569,641 569,641


TY 2024 OtherExpensesSchedule
Name:
John T Gorman Foundation
EIN:
01-0498551
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Office expenses 119,496 491   119,005
Insurance 10,738 0   10,738
Advertising 59 0   59
Accrual-to-cash adjustment 0 0   109,087


TY 2024 OtherIncomeSchedule2
Name:
John T Gorman Foundation
EIN:
01-0498551
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Net Adjustment for Amounts Reported on Schedules K-1 2,738,721 2,562,381 2,738,721
(Recorded on Books) -2,738,721   -2,738,721


TY 2024 OtherIncreasesSchedule
Name:
John T Gorman Foundation
EIN:
01-0498551
Description Amount
Unrealized gain on investments 6,735,989


TY 2024 OtherLiabilitiesSchedule
Name:
John T Gorman Foundation
EIN:
01-0498551
Description Beginning of Year - Book Value End of Year - Book Value
Deferred tax liability 753,606 874,357
Operating lease liability 720,996 587,061


TY 2024 OtherProfessionalFeesSchedule
Name:
John T Gorman Foundation
EIN:
01-0498551
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment management fees 643,963 643,963   0
Program consulting/management fees 289,570 0   289,570


TY 2024 TaxesSchedule
Name:
John T Gorman Foundation
EIN:
01-0498551
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Provision for net investment income excise taxes 240,353 0   0