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Peter Alfond Foundation is a private trust based in BETHESDA, MD. The foundation received its IRS ruling in 1994. It holds total assets of $71.2M. Annual income is reported at $21.6M. Total assets have grown from $26K in 2011 to $71.2M in 2024. The foundation is governed by 7 officers and trustees. Tax records are available from 2016 to 2024. The foundation primarily funds organizations in New England and Caribbean. According to available records, Peter Alfond Foundation has made 231 grants totaling $72.5M, with a median grant of $30K. Annual giving has decreased from $62M in 2020 to $8.5M in 2022. Individual grants have ranged from $1K to $40M, with an average award of $314K. The foundation has supported 88 unique organizations. The foundation primarily supports organizations in Maine, PR, Massachusetts, which account for 88% of all grants. Grantmaking reaches organizations across 11 states. Contributions to this foundation are tax-deductible.
The Peter Alfond Foundation operates as a distinctly relationship-first private foundation, reflecting founder Peter Alfond's conviction that effective philanthropy demands 'an actively involved artist' combining 'charitable impulse and proper stewardship.' Peter built his leadership philosophy in Puerto Rico managing Pan Am Shoe in the 1980s, and that experience — leading with humility, investing in local relationships, staying adaptive — remains the foundation's cultural DNA today.
The foundation is governed by seven unpaid trustees: four family members (Rebekah, Kyle, Deborah, and Sarah Alfond) and three non-family trustees (Barbara Crowley, Kevin Mahaney, and Jairo Estrada). No staff compensation is reported across any fiscal year, meaning this is a lean, trustee-driven model where decisions are personal and deliberative. There is no program officer layer to buffer or mediate relationships — trustees themselves evaluate alignment. This creates real opportunity for well-connected organizations and real friction for those approaching cold.
The foundation does not accept unsolicited applications. The pathway begins with an online inquiry form, but the practical pathway is through demonstrated presence in the foundation's ecosystem. Organizations like Maine Initiatives, Maine Resilience Building Network, and Foundation for Puerto Rico act as community connectors within the grantee network. Earning a credible reference from a current grantee can be the difference between a prompt response and the foundation's documented warning that 'you may not receive a reply.'
The foundation strongly favors established organizations with multi-year track records. Their grantee list reveals sustained relationships: Boys and Girls Club of Puerto Rico ($10.5M across 6 grants), Caras Con Causa ($770K across 7 grants), and Productores de Café de Puerto Rico ($244K across 8 grants) are all long-term partners. First-time applicants typically enter with exploratory grants in the $25,000–$60,000 range before scaling toward general operating or multi-year program support.
The values the foundation uses to describe itself — 'adaptive, disruptive, and innovative' combined with 'bridge builder, connector, and collaborator' — should appear in your inquiry language, grounded in specific program evidence. Organizations that sit at the intersection of two or more focus areas (youth development + food security, or wellness + education) attract stronger interest than single-sector pitches. Matching funds are often required for larger grants, signaling an expectation that PAF's investment catalyzes additional community capital.
The Peter Alfond Foundation's giving history divides into two distinct eras. Pre-2020, the foundation operated with minimal assets (under $200,000) and annual giving in the $500,000–$2.2M range. A transformational recapitalization in FY2020 — $127.5M in contributions received, likely reflecting the transfer of Alfond family assets — repositioned it as a significant mid-sized funder. That single year included the $40M endowment to MaineGeneral Medical Center and a combined $8M+ commitment to the Alfond Youth & Community Center in Waterville, Maine.
Since stabilizing, annual giving has settled at approximately $4–5.2M per year: $5.2M in FY2022, $5.1M in FY2023. Total assets of $71.2M (FY2024) with investment income of approximately $2M annually suggests a sustainable giving capacity of $3.5–5.5M per year. The decline in assets from $79.6M (FY2021) to $71.2M (FY2024) reflects deliberate payout exceeding investment returns.
The foundation's own reported typical grant data shows: median grant $50,000, range $1,000–$265,000, average $72,685 — these figures reflect regular program grants, not the transformational endowment gifts. In practice, most community grants cluster between $25,000 and $75,000 per award cycle. Multi-year operating support grants to Maine community organizations (Yellow Tulip Project, Apex Youth Connection, Cultivating Community) frequently run at $30,000 per year. Exceptional grants include the $2M Teaching Kitchen Collaborative award and $1M in general operating support to Platform for Social Impact.
Geographic distribution of 231 database grants: Puerto Rico leads at 50% of grant count (116 grants), Maine at 37% (86 grants), New York at 5% (11 grants, primarily national organizations), Vermont at 2% (5 grants), and other states accounting for the remaining 6%. Dollar concentration favors Maine due to the institutional anchor grants — MaineGeneral ($40M+) and AYCC ($8M) alone represent over 66% of total cumulative giving.
By program area: youth development and education anchor both geographies. Puerto Rico food and nutrition security (agroecology, sustainable farming, composting, agricultural research) represents the second-largest programmatic bucket, with 15+ funded organizations. Disaster and crisis response generated significant one-time Puerto Rico activity following Hurricanes Maria and Fiona. Health and wellness anchors Maine strategy through the MaineGeneral endowment and AYCC Pathways to Wellness fund.
The Peter Alfond Foundation occupies a specific niche among New England and Caribbean funders — mid-sized assets, high geographic specificity, and a trust-based relationship model that distinguishes it from both larger institutional funders and open-competitive community foundations.
| Foundation | Assets | Annual Giving | Primary Focus | Application |
|---|---|---|---|---|
| Peter Alfond Foundation | $71.2M | ~$4–5.2M | Education, Youth, Wellness (ME & PR) | Inquiry form only |
| Harold Alfond Foundation | ~$500M+ | ~$30M+ | Education, Health, Athletics (ME) | By invitation |
| Elmina B. Sewall Foundation | ~$100M | ~$5–6M | Environment, Youth, Animals (ME) | Open LOI portal |
| Maine Community Foundation | ~$600M | ~$35M | Broad community development (ME) | Open competitive |
| Caribbean Community Foundation | ~$5M | ~$1–2M | Community resilience (PR/Caribbean) | Open LOI |
The Peter Alfond Foundation is meaningfully smaller than its most prominent family peer — the Harold Alfond Foundation, which commands over $500M in assets and focuses primarily on Maine education and athletics infrastructure. PAF's $71.2M in assets and ~$5M annual giving makes it comparable in grant volume to Elmina B. Sewall Foundation, though the two rarely compete for the same grantees given PAF's dual New England-Caribbean mandate and Sewall's environmental emphasis.
The foundation's inquiry-only model places it closer to the Harold Alfond Foundation's invitation-driven approach than the Maine Community Foundation's open competitive process, meaning access depends heavily on existing relationships rather than competitive merit alone. Its Puerto Rico focus is virtually unique among foundations of this asset size, as most comparably-sized New England funders do not maintain active Caribbean programs. This dual geography creates both differentiation and complexity for applicants who must demonstrate genuine local embeddedness in one or both regions.
The Peter Alfond Foundation maintains a deliberately low public profile and does not publish regular news updates or press releases. No specific grant announcements from 2025 or 2026 were identified through web research as of April 2026.
The most significant documented recent activities include: a Mainebiz-reported $1.9M round of youth development grants (exact date unavailable, but consistent with the FY2022–2023 giving period); an active Hurricane Fiona response in 2022 that generated rapid grants to more than a dozen Puerto Rico organizations — including Caras Con Causa, Corporacion Juvenil para el Desarrollo de Comunidades Sostenibles, Plenitud Iniciativas Eco-Educativas, Monte Azul, and Productores de Café de Puerto Rico — demonstrating the foundation's institutionalized disaster reserve budget; and continued deepening of the Vimenti partnership, which received six grants totaling $10.5M over multiple years for its Puerto Rico youth development model.
Leadership has been stable with one documented change: trustee Sarah Benson resigned in October 2022. Current board composition is four family trustees (Rebekah, Kyle, Deborah, and Sarah Alfond) and three non-family trustees (Barbara Crowley, Kevin Mahaney, and Jairo Estrada).
FY2024 financials on file show $71.2M in total assets and $2.97M in total revenue, but grants paid are not yet reported in publicly available tax documents. Based on FY2022 ($5.2M) and FY2023 ($5.1M) giving levels, the foundation is expected to have continued similar disbursement levels through 2024–2025.
Applying to the Peter Alfond Foundation requires a strategy built around relationship credibility, program-area precision, and proof of local embeddedness — not just a well-written proposal.
Start with the ecosystem, not the form. The inquiry form is a necessary step but rarely sufficient on its own. Map your organization's existing relationships against the PAF grantee list (peteralfondfoundation.org/en/grantees/). If you work with, collaborate with, or can obtain a letter of support from a current grantee — Boys and Girls Club of Augusta, Maine Initiatives, Maine Resilience Building Network, Foundation for Puerto Rico — that relationship provides social proof that trustees will weight heavily.
Use the foundation's exact language. In your inquiry, mirror the specific terminology from their focus page: 'positive childhood experiences,' 'social-emotional skills,' '2-generation models,' 'food and nutrition security,' 'sustainable agriculture,' 'integrated health and wellness,' 'local leadership.' These are not marketing buzzwords for PAF — they represent genuine program frameworks. Using them precisely signals that you understand what the foundation actually funds.
Name your geography specifically. Do not write 'Maine' or 'Puerto Rico.' Name the county (Aroostook, Washington, Kennebec), municipality (Dorado, Camuy, Arecibo), or community. Trustees have deep personal knowledge of both geographies and will respond to specificity — and flag vagueness.
Pair innovation with early evidence. The foundation is explicitly seeking 'adaptive, disruptive, and innovative' programs — meaning replicating an established national model will not distinguish your inquiry. Show a novel approach *and* cite pilot data, feasibility study results, or at minimum a learning framework. A documented theory of change with outcome metrics is more compelling than a list of activities.
Prepare your matching fund documentation. For requests above $50,000, the foundation commonly requires matching funds. Arrive with a co-investment letter, a documented pipeline from another funder, or a community matching campaign already underway. A request without leverage evidence signals dependence rather than capacity.
Timing strategy: No public deadlines exist. Grantee data patterns suggest grant decisions cluster in spring and fall cycles. Submitting inquiries in January–February or August–September may align with trustee review schedules, though this is inferential rather than confirmed.
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Smallest Grant
$1K
Median Grant
$50K
Average Grant
$73K
Largest Grant
$265K
Based on 28 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
The Peter Alfond Foundation's giving history divides into two distinct eras. Pre-2020, the foundation operated with minimal assets (under $200,000) and annual giving in the $500,000–$2.2M range. A transformational recapitalization in FY2020 — $127.5M in contributions received, likely reflecting the transfer of Alfond family assets — repositioned it as a significant mid-sized funder. That single year included the $40M endowment to MaineGeneral Medical Center and a combined $8M+ commitment to the .
Peter Alfond Foundation has distributed a total of $72.5M across 231 grants. The median grant size is $30K, with an average of $314K. Individual grants have ranged from $1K to $40M.
The Peter Alfond Foundation operates as a distinctly relationship-first private foundation, reflecting founder Peter Alfond's conviction that effective philanthropy demands 'an actively involved artist' combining 'charitable impulse and proper stewardship.' Peter built his leadership philosophy in Puerto Rico managing Pan Am Shoe in the 1980s, and that experience — leading with humility, investing in local relationships, staying adaptive — remains the foundation's cultural DNA today. The foundat.
Peter Alfond Foundation is headquartered in BETHESDA, MD. While based in MD, the foundation distributes grants to organizations across 11 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Barbara Crowley | TRUSTEE | $0 | $0 | N/A |
| Kevin Mahaney | TRUSTEE | $0 | $0 | N/A |
| Rebekah Alfond | TRUSTEE | $0 | $0 | N/A |
| Kyle Alfond | TRUSTEE | $0 | $0 | N/A |
| Sarah Benson Resigned 1022 | TRUSTEE | $0 | $0 | N/A |
| Deborah Alfond | TRUSTEE | $0 | $0 | N/A |
| Jairo Estrada | TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$71.2M
Fair Market Value
N/A
Net Worth
$71.2M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
231
Total Giving
$72.5M
Average Grant
$314K
Median Grant
$30K
Unique Recipients
88
Most Common Grant
$30K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Para La NaturalezaGASTRONOMY PROJECT | San Juan, PR | $100K | 2022 |
| Platform For Social ImpactGENERAL OPERATING SUPPORT | Carolina, PR | $500K | 2022 |
| Foundation For Puerto RicoCOMMUNITY LEADERSHIP ACADEMY | San Juan, PR | $265K | 2022 |
| Boys And Girls Club Of Augusta MaineAUGUSTA TEEN CENTER | Augusta, ME | $250K | 2022 |
| Jobs For Maine'S Graduates IncBADGING MODEL DEVELOPMENT AND BGC COLLABORATION | Augusta, ME | $200K | 2022 |
| Corporacion Juvenil Para El Desarollo De Comunidades SosteniblesPR SMALL FARMER AND RANCHER ASSISTANCE | Caguas, PR | $192K | 2022 |
| Caras Con CausaGENERAL OPERATING SUPPORT | Catano, PR | $150K | 2022 |
| Puerto Rico Education FoundationCAMINO HACIA LA META | San Juan, PR | $100K | 2022 |
| Beth Israel CongregationBUILDING RENOVATIONS | Bath, ME | $100K | 2022 |
| Boys And Girls Club Of Puerto RicoSOCIAL-EMOTIONAL LEARNING PROGRAMS | Carolina, PR | $100K | 2022 |
| Maine Resilience Building NetworkGENERAL OPERATING SUPPORT | Manchester, ME | $100K | 2022 |
| Lead Collaborative Pr IncGENERAL OPERATING SUPPORT | San Juan, PR | $90K | 2022 |
| Produce LlcFOOD INDEX RESEARCH ANALYSIS AND DATA VISUALIZATION | Cayey, PR | $83K | 2022 |
| Sunrise County Economic CouncilFAMILY FUTURES DOWNEAST | Machias, ME | $80K | 2022 |
| Plenitud Iniciativas Eco-Educativas IncSIEMBRA BORICUA PROGRAM IHO KEVIN MAHANEY | Las Marias, PR | $75K | 2022 |
| Hispanic FederationPUERTO RICO GENERAL OPERATING SUPPORT | New York, NY | $75K | 2022 |
| Productores De Cafe De Puerto Rico IncPLANTAINS FOR THE MOUNTAINS PROGRAM | Adjuntas, PR | $73K | 2022 |
| Jane Stern Dorado Community Library IncHURRICANE FIONA AID: NEW FLOORING | Dorado, PR | $60K | 2022 |
| Instituto Nueva EscuelaNATURE IMMERSION CURRICULUM | San Juan, PR | $50K | 2022 |
| Maine Organic Farmers And Gardners AssocRESILIENCE IN MAINE AGRICULTURE | Unity, ME | $50K | 2022 |
| Maine InitiativesGENERAL OPERATING SUPPORT | Portland, ME | $50K | 2022 |
| Fideicomiso De Conservacion De Puerto RicoPUERTO RICO CLIMATE CORPS | San Juan, PR | $50K | 2022 |
| Hand In Handmano En ManoRAYITOS DE SOL BILINGUAL DAYCARE | Milbridge, ME | $50K | 2022 |
| Bangor Housing Development CorporationFAMILIES FORWARD | Bangor, ME | $50K | 2022 |