8997-R1_CIC_April2025_Calendar_Web

Thanks to the generosity of the Casco Bay Island Association, The Recompense Fund will be able to boost its 2025 total grant giving to Chebeague nonprofits by between $9,000 and $11,000. In giving this one-time contribution, the association asked that Recompense distribute the entire sum this year. The island association, which has closed down after 70 years of serving island communities, was founded in 1954 to address

pollution in Casco Bay, rotting wharves and to improve ferry service. But membership had shrunk, in large part because of the success of islands’ nonprofits in taking up these issues. At Recompense, we continue to carefully grow our endowment while remaining committed to annual grants in support of Chebeague nonprofits. In the past decade, Recompense has distributed $450,000 to nonprofits, and we are pleased to be able to continue increasing the amount we make in grants each year. While most endowments adhere to a 4% spending rule, Recompense grants range from 5-6% of the endowment. Recompense has also expanded its grant-giving policies to include operation costs, to reflect the changing needs of the island nonprofits. Recompense strives to remain a long-term, steady source of help to island nonprofits working to keep the community healthy and thriving. Please go to https://www.recompensefund.com for detailed information on grant applications, annual reports and profiles of island nonprofits. This year’s deadline for grant submissions is April 15. The board will confirm grant awards by the end of May.

APRIL 2025 CHEBEAGUE ISLAND COUNCIL CALENDAR

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