Open Foundations · Maine

Libra Foundation Owen W Wells Trustee

Portland, Maine · EIN 046626994. Its Form 990-PF says giving is not restricted to organizations picked in advance, which is how a private foundation files that it accepts unsolicited requests. It paid $5.2M across 67 grants in 2024, a median of $5K each.

All Maine foundations · All states

$5.2M
paid in 2024
67
grants paid
$5K
median grant
2%
to first-time recipients
$161.6M
assets on file

How to apply, as filed

Straight off Part XV of the return. Where the foundation left a line blank, this says so rather than guessing.

Send requests to
CRAIG N DENEKAS
Address
PO BOX 17516, PORTLAND, ME, 04112
Phone
2078796280
Email
Not stated in the filing
Form the request should take
THE FOUNDATION REQUIRES THAT A FORMAL APPLICATION BE SUBMITTED INCLUDING ORGANIZATION NAME, ADDRESS, CHARITABLE PROJECT, AMOUNT REQUESTED, PURPOSE OF PROJECT, GEOGRAPHIC AREA AND NUMBER OF PEOPLE TO BE SERVED BY PROJECT.
Submission deadline
NONE
Restrictions on awards
APPLICANT MUST BE A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) AND NOT A PRIVATE FOUNDATION UNDER SECTION 509(A). THE FOUNDATION LIMITS ITS GRANTS TO CHARITABLE ORGANIZATIONS, ACTIVITIES, OPERATIONS OR PURPOSES WHICH ONLY TAKE PLACE WITHIN THE STATE OF MAINE.

As filed on the Form 990-PF for tax year 2024, IRS filing object id 202531299349102358. Printed word for word, including the entries that only say to see a website or an attachment.

What it funds, in its own words

The filing states only a general purpose, with nothing specific enough to pull out as recurring language.

Biggest grants in 2024

The 15 largest of the 67 grants paid in 2024, with the purpose the foundation wrote for each.

#RecipientStateAmountPurpose as filed
1Pineland Farms IncME$4,400,000DEVELOP, OPERATE AND STAFF PINELAND FARMS, INC. FOR AGRICULTURAL PROMOTION, EDUCATION AND RESEARCH IN MAINE
2Foxcroft AcademyME$158,523PISCATAQUIS COUNTY ICE ARENA OPERATING EXPENSES
3Cross Insurance ArenaME$75,000COMMUNITY USE OF CIVIC CENTER EVENTS
4MainehealthME$57,948RAISING READERS PROGRAM
5Fort Kent Outdoor CenterME$50,000GENERAL OPERATING SUPPORT
6Presque Isle Community Recreation Association IncME$50,000GENERAL OPERATING SUPPORT
7Farnsworth Art MuseumME$20,000GENERAL OPERATING SUPPORT
8Portland Museum of ArtME$20,000GENERAL OPERATING SUPPORT
9Portland Stage CompanyME$20,000GENERAL OPERATING SUPPORT
10Portland Symphony OrchestraME$20,000GENERAL OPERATING SUPPORT
11Best Buddies in MaineME$10,000SCHOOL FRIENDSHIP PROGRAM
12Good Shepherd Food Bank of MaineME$10,000GENERAL OPERATING SUPPORT
13Island InstituteME$10,000GENERAL OPERATING SUPPORT
14Maine Historical SocietyME$10,000GENERAL OPERATING SUPPORT
15Maine Maritime MuseumME$10,000GENERAL OPERATING SUPPORT

Giving by year, and who received it

Grants paid by year

Every year of this foundation's grants that Civly holds
Tax yearGrantsPaid
202086$6.4M
202186$6.4M
202278$6.3M
202364$6.1M
202467$5.2M

Where the money went

Share of 2024 grant dollars by recipient state
Maine97%
New Hampshire3%

Who decides

Officers, directors and trustees as filed, with the year of the return they appeared on.

Craig N DenekasCHAIRMAN/CEO · 2024
Erik HaywardEXECUTIVE VICE PRESIDENT · 2024
Jere G MichelsonPRESIDENT/COO/CFO · 2024
Owen W WellsTRUSTEE · 2024
Paul PietropaoliEXECUTIVE VICE PRESIDENT · 2024
Pendred E NoyceTRUSTEE · 2024
William J RyanTRUSTEE · 2024

Every figure on this page is that foundation's own latest filed year, which is 2022 or later. This foundation is listed because its Form 990-PF says it does not restrict giving to preselected organizations and it paid at least 5 grants totaling $100K or more that year. Latest-year grants and terms per foundation from IRS 990-PF e-file returns; the newest tax year is partial until the IRS finishes releasing it. Grants are de-duplicated on funder, year, recipient and amount, so identical repeat grants collapse into one and totals can run low. Full method.

Source: IRS Form 990-PF e-file releases (public domain). Analysis: Civly.

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