MainStreet Foundation

OVERVIEW: The MainStreet Foundation is the charitable arm of Androscoggin Bank and supports organizations that assist at-risk youth in the state of Maine.

FUNDING AREAS: At-risk youth, youth safety, youth health, youth education

IP TAKE: This bank has a well-established grant program that is accessible with small funding opportunities available throughout the year.

PROFILE: Established in 1997, the MainStreet Foundation is a charitable outreach organization of Androscoggin Bank, based in Lewistown, Maine. This bank has locations between Portland to Jay in Maine. The foundation also has a board of directors that consists of bank employees at all levels and bank corporators, as well as the past and current presidents of the bank. The funder aims to “assist organizations with a focus on helping at-risk youth in Maine.” Grantmaking is focused on keeping kids safe, active, healthy, educated, happy, and nourished.

Foundation grant are awarded in two distinct ways. The funder grants quarterly awards and also has a $25k for Kids Award program to support local nonprofits. For quarterly grants, the funder supports after-school and mentoring programs, leadership development, literacy, homelessness services, mental health, and financial management skills. These grants do not support annual operating budgets, conferences, seminars, or political or religious causes.

The $25k for Kids program involves the bank making a $25,000 gift each year to one single organization. This program focuses on life essentials like food, shelter, and security.

Grants typically range from $1,500 to $5,000 each. Grantseekers can view a list of past quarterly grantees and past $25k program grantees on the funder’s website. Approximately seven to 12 grants are awarded per year. Grantmaking is restricted to organizations that serve the state of Maine.

The foundation accepts unsolicited grant requests for both of its funding programs. Grantsekeers can mail in an application for a quarterly award after downloading the form from the funder’s website. The foundation board meets quarterly to review grant applications in February, May, August, and November. The funder accepts applications for its $25k program from May 1 to July 31 and uses a special application. Direct grantseeker questions to Rachel Edwards at redwards@androscogginbank.com or call 800-966-9172.

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