Grantmaking public charity · EIN 30-0036992
Foundation for a Strong Maine Economy
Augusta, ME
Foundation for a Strong Maine Economy is a public charity that makes grants based in Augusta, ME. On its Form 990 (Schedule I) for tax year 2024, it reported $2.15M in grants paid across 7 grants, with $2.21M in total assets. Its largest grants went to Maine Center for Entrepreneurs, Educate Maine and Coastal Enterprises Inc.
How to request funding
Its Form 990 lists the grants it made but not how it chooses recipients. Check Foundation for a Strong Maine Economy's website or contact it to ask whether it considers requests.
How it makes and monitors grants (Schedule I, Part IV)
Grants are awarded through professional services agreements and are paid as the entities perform satisfactorily on the requirements of their agreements.
Grants as reported on its Form 990 for tax year 2024; the application guidance above is general for this type of funder. Requirements change; confirm with the organization before applying.
Mission
Support and strengthen maine economy through research, education, and communication.
As stated on its Form 990.
Largest grants, tax year 2024
Historical data · not a prediction| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| Maine Center for Entrepreneurs | Portland, ME | Award to Invest in Business Acceleration Programs Delivered by Maine Center for Entrepreneurs to Maine Food, Bioscience and Food Tech Companies | $762,947 |
| Educate Maine | Portland, ME | Award to Educate Maine to Invest in Providing Experiential Programs to Attract Young Professionals to Pursue Careers in Maine | $375,846 |
| Coastal Enterprises Inc | Brunswick, ME | Award to Coastal Enterprises, Inc to Invest in Business Growth and Expansion of Maine Food Companies | $351,121 |
| Maine Aquaculture Association | Hallowell, ME | To Support the State's Aquaculture Industry by Providing Workforce Development, Business Planning Resources, Communications and Marketing, and Guidance to Help | $215,870 |
| Northeastern University | Boston, MA | Award to Northeastern University to Support the Development of a Life Science Professional Network and Asset Map | $123,848 |
| New England Ocean Cluster LLC | Portland, ME | Award to New England Ocean Cluster to Attract and Provide Business Support to Companies Starting Operations in Maine | $63,768 |
| Third Sector New England Inc | Boston, MA | Award to Achieve Accelerated Growth and Investment in Third Sector Programs | $28,180 |
Names and purposes as reported to the IRS.
Where its grants went
Quick answers
Does Foundation for a Strong Maine Economy accept grant applications?
Its Form 990 lists the grants it made but not how it chooses recipients. Check Foundation for a Strong Maine Economy's website or contact it to ask whether it considers requests. Form 990 does not report an application process, so confirm with the organization.
How much does Foundation for a Strong Maine Economy give each year?
For tax year 2024, it reported $2,145,984 in grants paid (7 grants). Giving can change from year to year.
What organizations has Foundation for a Strong Maine Economy funded?
Its largest grants in tax year 2024 went to Maine Center for Entrepreneurs (ME), $763K, Educate Maine (ME), $376K, Coastal Enterprises Inc (ME), $351K, Maine Aquaculture Association (ME), $216K and Northeastern University (MA), $124K.