PORTLAND, ME
Harold Alfond Foundation
Quick Facts
- EIN
- 223281672
- Location
- PORTLAND, ME
- Category
- Philanthropy & Grantmaking
- Total Assets
- $1B
- Annual Income
- $191.7M
- IRS Ruling Year
- 1994
- Organization Type
- Trust
- Principal Officer
- % Dexter Entrps
- Tax Deductibility
- Contributions are deductible
About This Foundation
Harold Alfond Foundation is a private trust based in PORTLAND, ME. The foundation received its IRS ruling in 1994. The principal officer is % Dexter Entrps. It holds total assets of $1B. Annual income is reported at $191.7M. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$100.8M
2023+0%
Total Assets
$1B
2023+1%
Fair Market Value
$1.5B
2023
Net Worth
$998.4M
2023
Grants Paid
$76.9M
2023
Contributions
$137K
2023
Net Investment Income
$40.5M
2023
Distribution Amount
$71.7M
2023
Total Giving by Year
$31.1M
11$31.7M
12$32.8M
13$39M
14$41.9M
15$58.5M
19$64.5M
20$90.8M
21$100.4M
22$100.8M
23Asset Growth
$630.3M
11$588.9M
12$586.5M
13$590.6M
14$602.7M
15$583.6M
19$813.4M
20$984.8M
21$992M
22$1B
23Investment Portfolio (2023)
Total: $530.3M
Corporate Stock: $485.9M
Corporate Bonds: $44.3M
Other Investments: $454.5M
Cash: $63K
Corporate Stock (49%)
Corporate Bonds (5%)
Other Investments (46%)
Cash (0%)
Expense Breakdown (2023)
Grants Paid$76.9M
Travel & Conferences$69K
Accounting Fees$34K
Legal Fees$20K
Printing & Publications$10K
Revenue Sources (2023)
- Capital Gains (Net)
- $80.3M
- Dividends
- $15.1M
- Other Income
- $10.6M
- Interest
- $4.9M
- Contributions
- $137K
Financial Details (2023)
- Total Revenue
- $111M
- Total Expenses
- $100.8M
- Exempt Purpose Expenses
- $77.9M
- Required Distribution
- $71.7M
- Undistributed Income
- $0
- Grants Approved (Future)
- $115.1M
- Total Liabilities
- $3.3M
- Excise Tax
- $563K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
50
Total Giving
$74.3M
Average Grant
$1.5M
Median Grant
$500K
Grant Range
Min$5K
Max$10M
Median: $500K
Smallest grantLargest grant
Geographic Distribution of Grants
AK
ME
ME: $56.6M (44)
VT
NH
WA
ID
MT
ND
MN
WI
MI
NY
NY: $40K (1)
MA
MA: $10.5M (3)
CT
RI
OR
NV
WY
SD
IA
IL
IN
OH
PA
NJ
CA
UT
CO
NE
MO
KY
WV
VA
MD
DE
DC
AZ
NM
KS
AR
TN
NC
SC
OK
LA
MS
AL
GA
FL
FL: $7.1M (2)
HI
TX
ME$56.6M (44)
MA$10.5M (3)
FL$7.1M (2)
NY$40K (1)
Past Grantees
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Colby CollegeATHLETICS CENTER | Waterville, ME | $10M | 2022 |
| Northeastern UniversityTHE HAROLD ALFOND SCHOLARS INITIATIVE AT THE ROUX INSTITUTE | Boston, MA | $9M | 2022 |
| Rollins CollegeTHE INNOVATION TRIANGLE | Winter Park, FL | $7M | 2022 |
| Alfond Scholarship FoundationASF SCHOLARSHIP PAYMENTS | Portland, ME | $5.9M | 2022 |
| Thomas CollegeCATALYZING GROWTH IN CENTRAL MAINE AND BEYOND | Waterville, ME | $4.6M | 2022 |
| Foundation For A Strong Maine EconomyFOCUSMAINE SUPPORT - CATALYZING JOBS WHERE MAINES ASSETS MEET GLOBAL TRENDS | Augusta, ME | $4.3M | 2022 |
| University Of Maine SystemREVITALIZE: STUDENT SUCCESS; GRADUATE CENTER; ENGINEERING, COMPUTING, & INFO SCIENCE | Orono, ME | $3M | 2022 |
| Colby CollegePAUL J. SCHUPF ART CENTER | Waterville, ME | $3M | 2022 |
| University Of Maine SystemMAINE CENTER FOR GRADUATE PROFESSIONAL STUDIES | Orono, ME | $2.5M | 2022 |
| Husson UniversityEXPANDING TECHNOLOGY AND INNOVATION | Bangor, ME | $2.2M | 2022 |
| The Foundation For Maine Community CollegesTHE CENTER FOR THE ADVANCEMENT OF MAINES WORKFORCE: BUILDING A MORE PROSPEROUS MAINE | Augusta, ME | $2.1M | 2022 |
| Colby CollegeDOWNTOWN DEVELOPMENT | Waterville, ME | $2M | 2022 |
| Husson UniversityHUSSON UNIVERSITY COLLEGE OF BUSINESS | Bangor, ME | $2M | 2022 |
| University Of Maine FoundationUNIVERSITY OF MAINE ATHLETICS MASTER FACILITIES PLAN | Orono, ME | $2M | 2022 |
| University Of New EnglandTHE INSTITUTE FOR INTERPROFESSIONAL EDUCATION & PRACTICE AT UNE | Biddeford, ME | $1.8M | 2022 |
| 7 Lakes AllianceBELGRADE LAKES LAND & WATER CONSERVATION | Belgrade Lakes, ME | $1.5M | 2022 |
| Waterville CreatesOPERATING SUPPORT | Waterville, ME | $1.5M | 2022 |
| The Jackson LaboratoryMAINE CANCER GENOMICS INITIATIVE 2.0 | Bar Harbor, ME | $1.5M | 2022 |
| Alfond Scholarship FoundationOPERATIONS | Portland, ME | $1.1M | 2022 |
| The Governor'S AcademyCLASS OF 1971 PETER ALFOND SCHOLARSHIP | Byfield, MA | $1M | 2022 |
| Children'S Center Early Intervention And Family SupportCHAMPION IN EVERY CHILD CHILDRENS CENTER EXPANSION | Augusta, ME | $1M | 2022 |
| Alfond Youth & Community CenterSTRATEGIC LONG TERM CAPITAL AND DEVELOPMENT SUSTAINABILITY AT THE ALFOND YOUTH CENTER | Waterville, ME | $651K | 2022 |
| Jobs For Maine'S Graduates IncENDOWMENT AND COLLEGE & CAREER SUCCESS INITIATIVE | Augusta, ME | $582K | 2022 |
| Center For Curriculum RedesignCOMPLETION & SCALING OF CYBERPANTHERS CS PROGRAM | Jamaica Plain, MA | $520K | 2022 |
| Kents Hill SchoolSTEAM EXPANSION PROJECT | Kents Hill, ME | $500K | 2022 |
| Alfond Youth & Community CenterCAMP TRACEY IMPROVEMENTS AND EXPANSION | Waterville, ME | $500K | 2022 |
| University Of Maine FoundationSUSTAINING "THE ALFOND FUND" IN SUPPORT OF MAINE ATHLETICS | Orono, ME | $500K | 2022 |
| Maine Mathematics And Science AllianceSTEM WORKFORCE READY MAINE 2030 | Augusta, ME | $330K | 2022 |
| Beth Israel Congregation - WatervilleFOUNDATION AND THE FUTURE CAMPAIGN | Waterville, ME | $250K | 2022 |
| Maine Maritime AcademyMARINERS FOOTBALL CHALLENGE | Castine, ME | $250K | 2022 |
| Alfond Scholarship FoundationQUARTERLY FAME EXPENSES | Portland, ME | $240K | 2022 |
| Waterville Development CorporationSUPPORT OF CGI INC.'S BUSINESS EXPANSION TO WATERVILLE | Waterville, ME | $200K | 2022 |
| Maine Community Foundation IncMAINE WORKING COMMUNITIES CHALLENGE | Portland, ME | $200K | 2022 |
| Educare Central MaineHAROLD ALFOND SCHOLARSHIPS | Waterville, ME | $115K | 2022 |
| Region Ten Technical High SchoolFEASIBILITY STUDY TO DEVELOP AN INNOVATIVE FOUR-YEAR, FULL-SERVICE TECHNICAL HIGH SCHOOL PROGRAM | Brunswick, ME | $113K | 2022 |
| Gulfshore PlayhouseUNRESTRICTED | Naples, FL | $70K | 2022 |
| Beth Israel Congregation - WatervilleOPERATIONS | Waterville, ME | $50K | 2022 |
| Paul Taylor Dance FoundationUNRESTRICTED | New York, NY | $40K | 2022 |
| Maine Childrens Home For Little WanderersMCH SUSTAINABILITY AND STRATEGIC GROWTH PROJECT | Waterville, ME | $35K | 2022 |
| Maine Public Broadcasting NetworkUNRESTRICTED | Lewiston, ME | $30K | 2022 |
| Belgrade Regional Health CenterPATIENT ACCESSIBILITY IMPROVEMENTS | Belgrade Lakes, ME | $15K | 2022 |
| Waterville CreatesWOH SEASON SPONSORSHIP | Waterville, ME | $15K | 2022 |
| Maine Childrens Home For Little WanderersUNRESTRICTED | Waterville, ME | $15K | 2022 |
| Susan L Curtis FoundationCAMP SUSAN CURTIS YOUTH DEVELOPMENT PROGRAM | Portland, ME | $15K | 2022 |
| Maine Behavioral HealthcareUNRESTRICTED | Portland, ME | $10K | 2022 |
| The Center For Grieving ChildrenUNRESTRICTED | Portland, ME | $10K | 2022 |
| Mid Coast HospitalUNRESTRICTED | Brunswick, ME | $10K | 2022 |
| Maine Medical CenterUNRESTRICTED | Portland, ME | $10K | 2022 |
| Cathance River Education AllianceUNRESTRICTED | Topsham, ME | $5K | 2022 |
| Maine State Chamber Of Commerce Education FoundationUNRESTRICTED | Augusta, ME | $5K | 2022 |
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
| 2018-12 | 990PF | View Filing |
| 2017-12 | 990PF | View Filing |
| 2016-12 | 990PF | View Filing |
| 2015-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
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