Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
Name of foundation
Kennebec Savings Bank Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address) 150 State Street PO Box 50
  Room/suite
City or town
Augusta
State or province
ME
Country  
ZIP or foreign postal code
04332
A Employer identification number

22-2624600
B Telephone number (see instructions)

2076225801
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$18,748,848J 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) 699,160
2 Check .................
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 361,869 361,869  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 791,946
b Gross sales price for all assets on line 6a 4,337,858
7 Capital gain net income (from Part IV, line 2)... 791,946
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,852,975 1,153,815  
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
6,550 3,275   3,275
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
80,520 80,520   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
32,028 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.......... 119,098 83,795   3,275
25 Contributions, gifts, grants paid....... 865,654 865,654
26 Total expenses and disbursements. Add lines 24 and 25 ................ 984,752 83,795   868,929
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 868,223
b Net investment income (if negative, enter -0-) 1,070,020
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 90 90 90
2 Savings and temporary cash investments......... 728,029 932,675 932,675
3 Accounts receivable  
Less: allowance for doubtful accounts        
4 Pledges receivable  
Less: allowance for doubtful accounts        
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)  
Less: allowance for doubtful accounts        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,989,416 Click to see attachment
List of Attached Documents:
// Content
2,349,690 		2,349,690
b Investments—corporate stock (attach schedule)....... 11,934,896 Click to see attachment
List of Attached Documents:
// Content
12,922,159 		12,922,159
c Investments—corporate bonds (attach schedule)....... 2,196,576 Click to see attachment
List of Attached Documents:
// Content
2,544,234 		2,544,234
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 16,849,007 18,748,848 18,748,848
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 )    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
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
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 2,027,588 2,027,588
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 14,821,419 16,721,260
29 Total net assets or fund balances (see instructions)..... 16,849,007 18,748,848
30 Total liabilities and net assets/fund balances (see instructions). 16,849,007 18,748,848
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
16,849,007
2
Enter amount from Part I, line 27a .....................
2
868,223
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
1,031,618
4
Add lines 1, 2, and 3 ..........................
4
18,748,848
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
18,748,848
Form 990-PF (2025)
Form 990-PF (2025)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly Traded Securities      
b Capital Gains Dividends P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,138,018   3,545,912 592,106
b 199,840     199,840
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       592,106
b       199,840
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 2 791,946
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 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 14,873
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 14,873
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 14,873
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 8,126
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 8,126
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....... 9 6,747
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax   Refunded 11  
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
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. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 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)
ME
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 2025 or the taxable year beginning in 2025? 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 addressN/A
14
The books are in care ofKennebec Savings Bank Telephone no. (207) 622-5801

Located at150 State Street PO Box 50AugustaME ZIP+404332
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, 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
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........
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 2025? .............
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 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 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.
20, 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 2025 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 Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
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 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
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 .........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Andrew E Silsby President/Clerk
1.00 		0 0 0
150 State Street PO Box 50
Augusta,ME04332
Nicolas G Patenaude Treasurer
1.00 		0 0 0
150 State Street PO Box 50
Augusta,ME04332
Craig J Garofalo Vice President
1.00 		0 0 0
150 State Street PO Box 50
Augusta,ME04332
Amy P Tardiff Director
1.00 		0 0 0
150 State Street PO Box 50
Augusta,ME04332
Charles W Hays Jr Director
1.00 		0 0 0
150 State Street PO Box 50
Augusta,ME04332
Mark L Johnston Director
1.00 		0 0 0
150 State Street PO Box 50
Augusta,ME04332
William W Sprague Jr Director
1.00 		0 0 0
150 State Street PO Box 50
Augusta,ME04332
Norman S Elvin Director
1.00 		0 0 0
150 State Street PO Box 50
Augusta,ME04332
Diane F Hastings Director
1.00 		0 0 0
150 State Street PO Box 50
Augusta,ME04332
Mary A Dennison Director
1.00 		0 0 0
150 State Street PO Box 50
Augusta,ME04332
Christopher L Gaunce Director
1.00 		0 0 0
150 State Street PO Box 50
Augusta,ME04332
Alison A Lorenz Director
1.00 		0 0 0
150 State Street PO Box 50
Augusta,ME04332
Brian H Tarbuck Director
1.00 		0 0 0
150 State Street PO Box 50
Augusta,ME04332
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000................... 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
KSB Investment Management & Trust Services Investment Management Services 80,520
150 State Street
Augusta,ME04332
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................0
Form 990-PF (2025)
Form 990-PF (2025)
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
16,493,206
b
Average of monthly cash balances.......................
1b
868,382
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
17,361,588
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
17,361,588
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
260,424
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
17,101,164
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
855,058
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
855,058
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
14,873
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
14,873
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
840,185
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
840,185
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
840,185
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, line 26, column (d) ..........
1a
868,929
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
868,929
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 840,185
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020......  
b From 2021...... 27,524
c From 2022...... 12,121
d From 2023...... 20,008
e From 2024......  
f Total of lines 3a through e ........ 59,653
4Qualifying distributions for 2025 from Part
XI, line 4: $ 868,929
a Applied to 2024, 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 2025 distributable amount..... 840,185
e Remaining amount distributed out of corpus 28,744
5 Excess distributions carryover applied to 2025. 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 88,397
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 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		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 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		88,397
10 Analysis of line 9:
a Excess from 2021 .... 27,524
b Excess from 2022 .... 12,121
c Excess from 2023 .... 20,008
d Excess from 2024 ....  
e Excess from 2025 .... 28,744
Form 990-PF (2025)
Form 990-PF (2025)
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 2025, enter the date of the ruling ......
 
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) 2025 (b) 2024 (c) 2023 (d) 2022
         
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, 3b, or 3c 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 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, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Kennebec Savings Bank Foundation
150 State Street PO Box 50
Augusta,ME04332
(207) 622-5801
bThe form in which applications should be submitted and information and materials they should include:
The Foundation accepts applications and may make some donations without a formal request. Applications must include the organization's name, address, purpose of the request, amount requested, and other relevant details. For the Catalyst Grant program, a formal application is required.
cAny submission deadlines:
Applications are accepted on a rolling basis. For the Catalyst Grant program, June 1 to August 31.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Applicants must be tax-exempt under Section 501(c)(3) of the Internal Revenue Code. Awards are generally granted to organizations providing services within the market area of Kennebec Savings Bank. The Foundation does not provide support for political purposes.
Form 990-PF (2025)
Form 990-PF (2025)
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

30 Mile River Watershed

PO Box 132
Mt Vernon,ME04352 		N/A   Annual Support & Construction Contribution 8,000

Alfond Youth & Community Center

126 North Street
Waterville,ME04901 		N/A   Project & Annual Support 35,000

Alfond Youth & Community Center

126 North Street
Waterville,ME04901 		N/A   Summer Camp Scholarships 10,000

Andwell Health Partners

15 Strawberry Ave
Lewiston,ME04240 		N/A   Event Support 2,500

Animal Refuge League of Greater Portland

PO Box 336
Westbrook,ME04098 		N/A   Event Support 1,000

Annabessacook Lake Improvement Association

PO Box 462
Winthrop,ME04364 		N/A   Herbicide Treatment Support 16,500

Augusta Colonial Theater

PO Box 2267
Augusta,ME04338 		N/A   Operational Support 50,000

Augusta Colonial Theater

70 State Street
Augusta,ME04330 		N/A   Annual Support 8,500

Augusta Downtown Alliance

PO Box 2066
Augusta,ME04338 		N/A   Annual Support 5,000

Augusta Food Bank

161 Mount Vernon Ave
Augusta,ME04330 		N/A   Annual Donation 10,000

Augusta Symphony Orchestra

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

Bearnstow

84 Bearnstow Rd
Mt Vernon,ME04352 		N/A   Renovation Support 2,500

Bicycle Coalition of Maine

31 Diamond Street
Portland,ME04101 		N/A   Annual Support 2,500

Boys and Girls Club Augusta Teen Center

244 Water Street
Augusta,ME04330 		N/A   Operational Support 5,000

Boys and Girls Clubs of Kennebec Valley

14 Pray Street
Gardiner,ME04345 		N/A   Annual Support 10,000

Bread of Life Ministries

159 Water Street
Augusta,ME04330 		N/A   Annual Support 2,500

Bridging the Gap

209 Eastern Ave
Augusta,ME04330 		N/A   Annual Support 4,500

Camp Sunshine

35 Acadia Road
Casco,ME04015 		N/A   Event Support 2,500

Camp Susan Curtis

70 Center Street Unit 204
Portland,ME04101 		N/A   Camp Scholarships 1,500

Camp To Belong Maine

PO Box 507
Augusta,ME04332 		N/A   Camp Scholarships 1,300

Capital Area Recreation Association

PO Box 5275
Augusta,ME04332 		N/A   Annual Support 10,000

Central Maine Christmas Family Dinner

PO Box 2712
Waterville,ME049012712 		N/A   Event Support 1,000

Chase Fossett Scholarship Fund

105 Dresden Ave
Gardiner,ME04345 		N/A   Event Support 1,000

Children's Center

1 Alden Ave
Augusta,ME04330 		N/A   Event Support 2,500

Children's Discovery Museum

7 Eustis Parkway
Waterville,ME04901 		N/A   Annual Support 2,500

China Lake Association

PO Box 6215
China,ME04926 		N/A   Mitigation Project Matching Grant 5,000

Chrysalis Place Gardiner Area Food Center

16 Gudrun Drive
Gardiner,ME04345 		N/A   Annual Support 2,500

CODA Chorus

PO Box 146
Winthrop,ME04364 		N/A   Event Support 1,750

CYC Lake Association

PO Box 17
Manchester,ME04351 		N/A   Annual Support 22,500

Educare Central Maine

56 Drummond Ave
Waterville,ME04901 		N/A   Annual Support 2,500

Elm City Community Music School

17 Railroad Square
Waterville,ME04901 		N/A   Music Lesson Scholarships 2,000

Ember's Paws of Hope

29 River Meadows Drive
Steep Falls,ME04085 		N/A   Operational Support 15,000

Emergency Action Network

Attn TEAN 46 Federal Street
Brunswick,ME04011 		N/A   Annual Support 1,000

Falmouth Conservation Trust

PO Box 6172
Falmouth,ME04105 		N/A   Event Support 2,500

Family Violence Project

PO Box 304
Augusta,ME043320304 		N/A   Annual Support 3,000

Finding Our Voices

PO Box 943
Camden,ME04843 		N/A   Annual Support 5,000

First Amendment Museum

184 State Street
Augusta,ME04330 		N/A   Annual Support 10,000

Foundation for Portland Public Schools

353 Cumberland Ave
Portland,ME04101 		N/A   Operational & Event Support 12,500

Freeport Community Services

PO Box 119
Freeport,ME04032 		N/A   Annual Support 6,200

Freeport Wood Bank

PO Box 32
Freeport,ME04032 		N/A   Campaign Donation 10,000

Friends of Belgrade Lakes Village

PO Box 331
Belgrade Lakes,ME04918 		N/A   Parking Lot Campaign 1,000

Friends of Lake Winnecook (Unity Pond Algae Mitigation)

PO Box 73
Unity,ME04988 		N/A   Matching Grant Donation 11,000

Friends of Quarry Road

PO Box 2302
Waterville,ME04901 		N/A   Capital Improvements 25,000

Friends of the Kennebec River Rail Trail

PO Box 2195
Augusta,ME04338 		N/A   Annual Support 1,500

Gardiner Library Association

152 Water Street
Gardiner,ME04345 		N/A   Capital Improvements 25,000

Gardiner Main Street

PO Box 194
Gardiner,ME04345 		N/A   Annual Support 2,000

Genesis Fund

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

Good Shepherd Food Bank

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

Good Will-Hinckley

16 Prescott Drive
Hinckley,ME04944 		N/A   Event Support 1,500

Greater Portland Business Education Collaborative

93 Exchange Street
Portland,ME04101 		N/A   Campaign Donation 10,000

GrowSmart Maine

227 Water Street 215
Augusta,ME04330 		N/A   Event Support 7,000

Hallowell Foodbank

PO Box 214
Hallowell,ME04347 		N/A   Annual Support 5,500

Hearts Foundation

1 Union Wharf 3rd Floor
Portland,ME04101 		N/A   Annual Support 5,000

Holocaust Human Rights Center of Maine

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

Honor Flight Maine

PO Box 699
Brunswick,ME04011 		N/A   Unrestricted Support 5,000

Independence Association

3 Industrial Parkway Suite 1
Brunswick,ME04011 		N/A   Annual Support 1,000

Johnson Hall Performing Arts Center

PO Box 777
Gardiner,ME04345 		N/A   Campaign Donation 25,000

Johnson Hall Performing Arts Center

PO Box 777
Gardiner,ME04345 		N/A   Annual Support 12,500

Junior Achievement of Maine

566 Congress Street Suite 306
Portland,ME04101 		N/A   Event Support 7,500

Kennebec Historical Society

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

Kennebec Land Trust

PO Box 261
Winthrop,ME04364 		N/A   Howard Hill Campaign 45,000

Kennebec Land Trust

PO Box 261
Winthrop,ME04364 		N/A   Annual Support 6,500

Kennebec Performing Arts Company

PO Box 481
Augusta,ME04330 		N/A   Annual Support 2,000

Kennebec Valley Garden Club

70 Purinton Ave
Augusta,ME04330 		N/A   Annual Support 1,500

Kennebec Valley YMCA

31 Union Street
Augusta,ME04330 		N/A   Scholarship Donation 7,000

KETCHA Outdoors

336 Black Point Road
Scarborough,ME04074 		N/A   Event Support 1,000

KVCAP - South End Teen Center

5 Libby Court
Waterville,ME04901 		N/A   Operational Support 15,000

Lifeflight Foundation

PO Box 859
Augusta,ME04332 		N/A   Helmet Campaign 2,850

Literacy Volunteers of Kennebec

12 Spruce Street
Augusta,ME04330 		N/A   Dolly Parton Library Program 1,000

Literacy Volunteers of Kennebec

12 Spruce Street
Augusta,ME04330 		N/A   Annual Support 2,000

Locker Project

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

Maine Academy of Modern Music

125 Presumpscot St 14
Portland,ME041035225 		N/A   Waterville Concert Tour Support 2,000

Maine Arts Academy

310 Cony Road
Augusta,ME04330 		N/A   Operational Support 10,000

Maine Center for Public Interest Reporting

PO Box 284
Hallowell,ME04347 		N/A   Program & Annual Support 10,000

Maine Children's Home

93 Silver Street
Waterville,ME04901 		N/A   Program Support 8,500

Maine College of Art & Design

522 Congress Street
Portland,ME04101 		N/A   Event Support 3,000

Maine Crafts Association

PO Box 342
Gardiner,ME04345 		N/A   Craft Apprenticeship Program 1,000

Maine GearShare

657 Old Portland Road
Brunswick,ME04011 		N/A   Event Support 3,500

Maine Golf

2 Old County Road Ext
Freeport,ME04032 		N/A   Campaign Donation 10,000

Maine Jumpstart

PO Box 5024
Augusta,ME04332 		N/A   Event Support 2,500

Maine Skateboard Association

289 Pearl Street
Bangor,ME04401 		N/A   Event Support 1,500

Maine TREE Foundation

535 Civic Center Drive
Augusta,ME04330 		N/A   Educator Training Sponsorship 1,000

Mid-Coast Hunger Prevention Program

179 Neptune Drive
Brunswick,ME04011 		N/A   Annual Support 1,000

Mitchell Institute

75 Washington Ave Suite 2E
Portland,ME04101 		N/A   Operational & Event Support 17,000

Mount Merici Academy

18 Mount Merici Ave
Waterville,ME04901 		N/A   IXL Software Purchase 3,050

Neighbors Driving Neighbors

PO Box 142
Mt Vernon,ME04352 		N/A   Annual Support 2,500

New Ventures Maine

46 University Drive
Augusta,ME04330 		N/A   Marketing Mini-Grant Program 1,000

PALS

188 Case Road
Winthrop,ME04364 		N/A   Event Support 2,700

Portland Conservatory of Music

28 Neal Street
Portland,ME04102 		N/A   Annual Support 3,000

Portland Parks Conservatory

212 Canco Road Suite A
Portland,ME04103 		N/A   Pool Project 25,000

Portland Trails

38 Diamond Street
Portland,ME04101 		N/A   Trail Support 3,000

Preble Street

55 Portland Street
Portland,ME04101 		N/A   Annual Support 5,000

Readfield Union Meeting House

PO Box 451
Readfield,ME04355 		N/A   Event Support 1,000

Shine on Cass

64 Heritage Rd
Oakland,ME04963 		N/A   Annual Support 5,000

Shutterbugs 4 Charity

50 Industrial Park Road
Saco,ME04072 		N/A   Unrestricted Donation 1,000

Tedford Housing

PO Box 958
Brunswick,ME04011 		N/A   Warming Center Support 10,000

The Maine Long-Term Care Ombudsman Program

61 Winthrop Street
Augusta,ME04330 		N/A   Annual Support 1,000

The Telling Room

225 Commercial St Suite 201
Portland,ME04101 		N/A   Annual Support 1,500

Theater at Monmouth

PO Box 385
Monmouth,ME04259 		N/A   Event Support 8,500

Town of Manchester

PO Box 18
Manchester,ME04351 		N/A   WindowDressers Program 1,000

Town of Oakland

PO Box 187
Oakland,ME04963 		N/A   Event Support 5,000

Town of Readfield

8 Old Kents Hill Road
Readfield,ME04355 		N/A   Fairgrounds Community Park Capital Campaign 25,000

Town of Winthrop

17 Highland Ave
Winthrop,ME04364 		N/A   Event Support 1,300

United Way of Kennebec Valley

121 Commercial Street
Augusta,ME04330 		N/A   Annual Support 47,004

United Way of Southern Maine

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

Vaughan Woods Historic Homestead

2 Litchfield Rd
Hallowell,ME04347 		N/A   Annual Support 2,000

Victoria Mansion

109 Danforth Street
Portland,ME04101 		N/A   Campaign Donation 25,000

Viles Arboretum

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

Watershed Friends

PO Box 206
East Winthrop,ME04343 		N/A   Annual Support 15,000

Watershed Friends

PO Box 206
East Winthrop,ME04343 		N/A   Boat Purchase Support 5,000

Waterville Area Soup Kitchen

PO Box 1494
Waterville,ME04903 		N/A   Operational Support 5,000

Waterville High School

1 Brooklyn Ave
Waterville,ME04901 		N/A   Strings Program Scholarship/Instrument 2,500

Western Prom Sunset Concerts

128 Emery Street
Portland,ME04102 		N/A   Event Support 1,000

Winthrop Historical Society

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

Winthrop Public Library Foundation

PO Box 580
Winthrop,ME04364 		N/A   Summer Reading Support 3,000

Women in Need

10 Gleckler Rd
Portland,ME04103 		N/A   Event Support 5,000

Yarmouth Little League

PO Box 712
Yarmouth,ME04096 		N/A   Annual Support 5,500

YMCA Camp of Maine

PO Box 446
Winthrop,ME04364 		N/A   Operational Support 15,000

YMCA Camp of Maine

PO Box 446
Winthrop,ME04364 		N/A   Campaign Donation 5,000

Youth in Action

53 Spruce Street
Portland,ME04102 		N/A   Event Support 6,000
Total ................................. 3a 865,654
bApproved for future payment

Alfond Youth & Community Center
126 North Street
Waterville,ME04901 		N/A   Catalyst Grant - Program Support 5,000

Augusta Colonial Theater
PO Box 2267
Augusta,ME04338 		N/A   Operational Support 50,000

Ember's Paws of Hope
29 River Meadows Drive
Steep Falls,ME04085 		N/A   Catalyst Grant - Program Support 15,000

Foundation for Portland Public Schools
353 Cumberland Ave
Portland,ME04101 		N/A   Catalyst Grant - Program Support 5,000

Greater Portland Business Education Collaborative
93 Exchange Street
Portland,ME04101 		N/A   Build Homes Build Community Program 20,000

KVCAP - South End Teen Center
5 Libby Court
Waterville,ME04901 		N/A   Catalyst Grant - Program Support 15,000

Maine Arts Academy
310 Cony Road
Augusta,ME04330 		N/A   Catalyst Grant - Program Support 5,000

YMCA Camp of Maine
PO Box 446
Winthrop,ME04364 		N/A   Catalyst Grant - Program Support 15,000
Total ................................. 3b 130,000
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 361,869  
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 ............ 		    18 791,946  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,153,815 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,153,815
(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 (2025)
Form 990-PF (2025)
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.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Preparer's name Preparer's Signature Date Check if self-
employed 		PTIN
Firm's name
Firm's EIN
Firm's address


Phone no.
Form 990-PF (2025)
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

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

22-2624600
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 ......... $  
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. 2025) Page 2
Name of organization
Kennebec Savings Bank Foundation
  		Employer identification number
22-2624600
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
Kennebec Savings Bank
 
150 State Street
 
Augusta, ME04330

$ 699,160


(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
Kennebec Savings Bank Foundation
  		Employer identification number

22-2624600
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
1
 Publicly Traded Securities $ 699,160 2025-12-19
(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
Kennebec Savings Bank Foundation
  		Employer identification number

22-2624600
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 2025 AccountingFeesSchedule
Name:
Kennebec Savings Bank Foundation
EIN:
22-2624600
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 6,550 3,275   3,275

TY 2025 InvestmentsCorpBondsSchedule
Name:
Kennebec Savings Bank Foundation
EIN:
22-2624600
Name of Bond End of Year Book Value End of Year Fair Market Value
75000 SHR AT&T INC T 2.300% due 06/01/27 73,325 73,325
120000 SHR American Express Co 4.90% due 02/13/2026 120,032 120,032
120000 SHR Amgen Inc. 5.25% due 03/02/2033 124,225 124,225
50000 SHR Apple Inc 3.25% due 02/23/2026 49,948 49,948
80000 SHR Bank Of America Corp 2.087% due 06/14/29 76,299 76,299
60000 SHR Broadcom Inc 4.75% due 04/15/2029 61,145 61,145
100000 SHR CVS Health Corp 5.00% due 01/30/2029 102,153 102,153
90000 SHR Charles Schwab Corp 6.196% Due 11/17/2029 95,206 95,206
75000 SHR Cigroup Inc 1.462% due 06/09/27 74,124 74,124
120000 SHR Cizens Financial Group Inc 5.718% Due 07/23/2032 125,846 125,846
110000 SHR Enterprise Products Operang LLC 4.95% due 02/15/2035 111,374 111,374
100000 SHR Fih Third Bancorp 6.361% due 10/27/2028 104,083 104,083
60000 SHR Goldman Sachs Group 3.8% due 03/15/2030 59,040 59,040
120000 SHR Hunngton Bancshares Incorporated 5.272% due 01/15/2031 123,554 123,554
80000 SHR Intel Corp 2.45% due 11/15/2029 74,611 74,611
80000 SHR Interconnental Exchange Inc 2.10% due 06/15/30 73,488 73,488
55000 SHR Keycorp MTN 2.25% due 04/06/27 53,756 53,756
70000 SHR Lowes Cos Inc 3.10% due 05/03/2027 69,230 69,230
60000 SHR Meta Plaorms Inc. 3.50% due 08/15/2027 59,890 59,890
75000 SHR Morgan Stanley 1.593% due 05/04/27 74,338 74,338
60000 SHR Morgan Stanley 5.25% due 04/21/2034 61,809 61,809
45000 SHR ORCL 2.65% due 07/15/2026 44,639 44,639
100000 SHR PNC Financial Services Group Inc 6.037% due 10/28/33 108,076 108,076
65000 SHR Salesforce.com Inc 3.70% due 4/11/2028 65,009 65,009
80000 SHR Starbucks Corp 2.25% due 03/12/30 73,775 73,775
30000 SHR Target Corp 2.50% due 04/15/2026 29,879 29,879
100000 SHR Truist Financial Corporation 5.071% due 05/20/2031 102,596 102,596
100000 SHR Unitedhealth Group Inc 5.15% due 07/15/2034 102,498 102,498
55000 SHR VMWare Inc 1.80% due 08/15/2028 52,021 52,021
80000 SHR Walt Disney Co 2.00% due 09/01/29 74,727 74,727
120000 SHR Williams Companies Inc. 5.30% due 08/15/2028 123,538 123,538

TY 2025 InvestmentsCorpStockSchedule
Name:
Kennebec Savings Bank Foundation
EIN:
22-2624600
Name of Stock End of Year Book Value End of Year Fair Market Value
299 SHR Vanguard S&P 500 ETF 187,512 187,512
15654.659 SHR American Funds EuroPacic Growth Fund Cl F3 (MStar *** ) 949,612 949,612
13044.566 SHR Clearbridge Intl Growth Fund (Mstar *** ) 967,124 967,124
42958.042 SHR Avantis Investors Emerging Markets Equity Fund Institutional C 634,490 634,490
7564.053 SHR Cohen & Steers Instl Realty Shs (Mstar ***** ) 362,318 362,318
119249.158 SHR MFS Blended Research Mid Cap Eq R6 (Mstar***** ) 1,772,042 1,772,042
4954.276 SHR Vanguard Small Cap Index Admiral (Mstar **** ) 612,249 612,249
228.49 SHR Abbvie Inc. 128,411 128,411
349.99 SHR Adobe Sys Inc 61,248 61,248
313 SHR Alphabet Inc. Cl A 631,321 631,321
230.82 SHR Amazon.com Inc. 415,014 415,014
175.57 SHR American Tower Corporation 44,595 44,595
490.34 SHR Ameriprise Financial Inc 96,597 96,597
271.86 SHR Apple Inc. 542,633 542,633
325 SHR Berkshire Hathaway Cl B 163,361 163,361
718 SHR Blackstone Inc 110,673 110,673
32 SHR Booking Holdings Inc 171,371 171,371
935 SHR Broadcom Inc 323,604 323,604
416 SHR Caterpillar Inc 238,314 238,314
1745 SHR Cisco Systems Inc. 134,415 134,415
891 SHR ConocoPhillips 83,407 83,407
187 SHR Costco Wholesale Corp. 161,258 161,258
308 SHR Danaher Corp. 70,507 70,507
482 SHR Ecolab Inc 126,535 126,535
1672 SHR Exxon Mobil Corp 201,208 201,208
670 SHR Fortive Corp 36,991 36,991
320 SHR Home Depot Inc 110,112 110,112
438 SHR Honeywell Intl Inc. 85,449 85,449
616 SHR JPMorgan Chase & Co. 198,488 198,488
363 SHR McDonald's Corp. 110,944 110,944
1548 SHR Merck & Co. Inc. 162,942 162,942
201 SHR Meta Plaorms Inc Cl A 132,678 132,678
1450 SHR Microsoft Corp 701,249 701,249
222 SHR Northrop Grumman Corp 126,587 126,587
2734 SHR Nvidia Corp 509,891 509,891
405 SHR PNC Financial Services Group 84,536 84,536
767 SHR PepsiCo, Inc. 110,080 110,080
400 SHR Procter & Gamble Co. 57,324 57,324
972 SHR RTX Corporation 178,265 178,265
367 SHR Salesforce Inc 97,222 97,222
206 SHR Tesla Motors Inc 92,642 92,642
246 SHR Thermo Fisher Scientic Inc. 142,545 142,545
515 SHR Union Pacic Corp. 119,130 119,130
415 SHR Visa Inc. 145,545 145,545
1037 SHR Walmart Inc. 115,532 115,532
408 SHR Chubb Ltd ADR 127,345 127,345
517 SHR Eaton Corp PLC ADR 164,670 164,670
537 SHR TE Connectivity Plc ADR 122,173 122,173

TY 2025 InvestmentsGovtObligationsSch
Name:
Kennebec Savings Bank Foundation
EIN:
22-2624600
US Government Securities - End of Year Book Value:

2,349,690
US Government Securities - End of Year Fair Market Value:

2,349,690
State & Local Government Securities - End of Year Book Value:


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


0


TY 2025 OtherIncreasesSchedule
Name:
Kennebec Savings Bank Foundation
EIN:
22-2624600
Description Amount
Unrealized Gain on Investments 1,031,618


TY 2025 OtherProfessionalFeesSchedule
Name:
Kennebec Savings Bank Foundation
EIN:
22-2624600
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Fees 80,520 80,520   0


TY 2025 TaxesSchedule
Name:
Kennebec Savings Bank Foundation
EIN:
22-2624600
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Federal Excise Taxes 32,028 0   0