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Filing year 2024

HAROLD ALFOND FOUNDATION

Portland, Maine·EIN 22-3281672·NTEE T22 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$171M
Total assets
$1B
Total expenses
$128.3M
Reported officers
11

Reported officers (all unpaid)

No paid executives reported in 2024. HAROLD ALFOND FOUNDATION reported 11 unpaid officers and board members on its 990-PF.

Trustee
Trustee
Trustee
Trustee
Trustee
Trustee
Trustee
Trustee
Trustee
Trustee
Trustee

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$102.7M

Itemized grants

45

Median grant

$250k

RecipientLocationPurposeAmount
UNIVERSITY OF MAINE FOUNDATIONORONO, MEUNIVERSITY OF MAINE ATHLETICS MASTER FACILITIES PLAN$28M
MAINEGENERAL HEALTHAUGUSTA, MEHAROLD ALFOND CENTER FOR CANCER CARE EXPANSION$14.5M
NORTHEASTERN UNIVERSITYBOSTON, MATHE HAROLD ALFOND SCHOLARS INITIATIVE AT THE ROUX INSTITUTE$12M
UNIVERSITY OF MAINE SYSTEMORONO, MEREVITALIZE GRADUATE & PROFESSIONAL CENTER & ENGINEERING, COMPUTING, & INFO SCIENCE$7M
ALFOND SCHOLARSHIP FOUNDATIONPORTLAND, MEMY ALFOND GRANT SCHOLARSHIPS 2024$5.6M
UNIVERSITY OF NEW ENGLANDBIDDEFORD, METHE INSTITUTE FOR INTERPROFESSIONAL EDUCATION & PRACTICE AT UNE$4.5M
MAINE COMMUNITY COLLEGE SYSTEMAUGUSTA, METHE CENTER FOR THE ADVANCEMENT OF MAINES WORKFORCE: BUILDING A MORE PROSPEROUS MAINE$4.5M
BIGELOW LABORATORY FOR OCEAN SCIENCESEAST BOOTHBAY, MEBIGELOW INNOVATION AND EDUCATION WING$3.9M
THOMAS COLLEGEWATERVILLE, MECATALYZING GROWTH IN CENTRAL MAINE AND BEYOND$3M
THE JACKSON LABORATORYBAR HARBOR, MEMAINE CANCER GENOMICS INITIATIVE 2.0$2.5M
FOCUSMAINEAUGUSTA, MEFOCUSMAINE PHASE 3 IMPLEMENTATION (YEARS 7-9)$2.3M
COLBY COLLEGEWATERVILLE, MEART CENTER AND HOTEL$2M
ALFOND YOUTH & COMMUNITY CENTERWATERVILLE, MECAMP TRACY IMPROVEMENTS AND EXPANSION$2M
MAINE MATHEMATICS AND SCIENCE ALLIANCEAUGUSTA, MESTEM WORKFORCE READY MAINE 2030$2M
JOBS FOR MAINE'S GRADUATES INCAUGUSTA, MEA PROPOSAL TO SCALE, STRENGTHEN AND SUSTAIN JMGS COLLEGE SUCCESS PROGRAM$1.9M
WATERVILLE CREATESWATERVILLE, MEOPERATING SUPPORT$1.6M
ALFOND SCHOLARSHIP FOUNDATIONPORTLAND, MEMY ALFOND GRANT OPERATIONS 2024$1.5M
NATIONAL TRUST FOR LOCAL NEWSLEXINGTON, MAPRESERVATION OF COMMUNITY AND LOCAL NEWS IN MAINE$1.5M
7 LAKES ALLIANCEBELGRADE LAKES, MECONSERVING LAND AND WATERS OF THE BELGRADE LAKES$500k
UNIVERSITY OF MAINE FOUNDATIONORONO, MEALFOND FUND$500k
ALFOND YOUTH & COMMUNITY CENTERWATERVILLE, MEDEVELOPMENT SUSTAINABILITY AT THE ALFOND YOUTH & COMMUNITY CENTER$350k
ALFOND YOUTH & COMMUNITY CENTERWATERVILLE, MESTRATEGIC LONG TERM CAPITAL AND DEVELOPMENT SUSTAINABILITY AT THE ALFOND YOUTH CENTER$318k
EDUCARE CENTRAL MAINEWATERVILLE, MEHAROLD ALFOND SCHOLARSHIPS CONTINUITY OF CARE$250k
BETH ISRAEL CONGREGATIONWATERVILLE, MEFOUNDATION AND THE FUTURE CAMPAIGN$110k
WATERVILLE HISTORICAL SOCIETYWATERVILLE, MEWATERVILLE CENTER FOR LOCAL HISTORY AND CULTURE$103k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

HAROLD ALFOND FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$111M
$100.8M
2023
$171M
$128.3M
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1B+), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Maine

HAROLD ALFOND FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Maine earns a median of $12,000.

25th percentile
$4k
Median
$12,000
75th percentile
$38k
90th percentile
$119k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 194 organizations across 194 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Maine
FAQ

Common questions about HAROLD ALFOND FOUNDATION

What are HAROLD ALFOND FOUNDATION's revenue and expenses?

In 2024, HAROLD ALFOND FOUNDATION reported $171M in total revenue and $128.3M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1B+), because foundation pay scales with assets under management, not revenue.