GrantAuthority

Maine Technology Institute

Grantmaking foundation in Portland, Maine · EIN 01-0529871

Total giving
$22MTax year 2025
Total assets
$22MLatest reported
Latest IRS filing
2025Form 990 / 990-PF

Mission

The Institute, through a public and private partnership, shall encourage, promote, stimulate and support research and development activity leading to the commercialization of new products and services in Maine's technology-intensive industrial sectors to enhance the competitive position of those sectors and increase the likelihood that one or more of the sectors will support clusters of industrial activity and to create new jobs for Maine people. The Institute is one element of Maine's economic development strategy and will contribute to the long-term development of a statewide research, development and product deployment infrastructure.

Quoted from the foundation's IRS filing.

Giving by year

$23M2020
$7.7M2021
$12M2022
$31M2023
$18M2024
$22M2025

Totals by tax year, rounded to two significant figures. Years without a reported total show the sum of grants itemized on the filing.

Top recipients

RecipientAmountTax year
Global Secure Shipping$500K2021
University of Maine$490K2021
Farmhand Automation Inc$250K2021
Peregrine Turbine Technologies LLC$250K2021
Roux Institute$250K2021

Amounts are rounded. The full grantee list is available with a free account.

Website: www.mainetechnology.org

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Similar foundations in Maine

Source: IRS Form 990 and 990-PF filings, tax year 2025. Also see this organization on ProPublica Nonprofit Explorer.