University Of Maine Foundation

University Of Maine Foundation Overview

University Of Maine Foundation is located in Orono, ME. The organization was established in 1940. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2020, University Of Maine Foundation employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2020, University Of Maine Foundation generated $30.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $21.6m during the year ending 06/2020. While expenses have increased by 10.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, University Of Maine Foundation has awarded 70 individual grants totaling $78,552,739. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

FUNDRAISING AND ENDOWMENT MANAGEMENT FOR THE BENEFIT OF THE UNIVERSITY OF MAINE

Describe the Organization's Program Activity:

Part 3 - Line 4a

GIFTS AND ENDOWMENT INCOME DISTRIBUTED FOR SCHOLARSHIPS AND GENERAL SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF MAINE


DISTRIBUTIONS TO TRUST, GIFT ANNUITY AND POOLED INCOME FUND PARTICIPANTS


DISTRIBUTIONS OF GIFTS AND ENDOWMENT INCOME TO OTHER QUALIFIED CHARITIES


GIFTS AND ENDOWMENT INCOME DISTRIBUTED FOR SCHOLARSHIPS AND GENERAL SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF MAINE


DISTRIBUTIONS TO TRUST, GIFT ANNUITY AND POOLED INCOME FUND PARTICIPANTS


DISTRIBUTIONS OF GIFTS AND ENDOWMENT INCOME TO OTHER QUALIFIED CHARITIES


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$22,662,424
Noncash contributions included in lines 1a–1f $1,048,493
Total Revenue from Contributions, Gifts, Grants & Similar$22,662,424
Total Program Service Revenue$3,652,528
Investment income $3,664,021
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$207,489
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $29,959,058

University Of Maine Foundation Grants Awarded

Over the last fiscal year, University Of Maine Foundation has awarded $28,728,898 in support to 30 organizations.

Grant RecipientAmount

UNIVERSITY OF MAINE

Org PageRecipient Profile

Orono, ME

PURPOSE: General

$9,527,984

UNIVERSITY OF MAINE

Org PageRecipient Profile

Orono, ME

PURPOSE: General

$9,527,984

UNIVERSITY OF MAINE

Org PageRecipient Profile

Orono, ME

PURPOSE: Gifts transferred to University pursuant to the development service agreement.

$4,068,408

UNIVERSITY OF MAINE

Org PageRecipient Profile

Orono, ME

PURPOSE: Gifts transferred to University pursuant to the development service agreement.

$4,068,408

Norcross, GA

PURPOSE: General

$365,560

Norcross, GA

PURPOSE: General

$365,560
View Grant Profile

University Of Maine Foundation Grants Recieved

Over the last fiscal year, we have identified 12 grants that University Of Maine Foundation has recieved totaling $15,077,850.

Awarding OrganizationAmount
Ferland Family Foundation Inc

Ponte Vedra Beach, FL

PURPOSE: EDUCATIONAL

$7,500,000
Ferland Family Foundation Inc

Ponte Vedra Beach, FL

PURPOSE: EDUCATIONAL

$7,500,000
Susannah M Swihart Charitable Foundation

Cumberland Foreside, ME

PURPOSE: GENERAL OPERATING SUPPORT

$20,000
Zane A Thompson Charitable Tr

Boston, MA

PURPOSE: GENERAL PURPOSES

$17,900
Leonard And Renee Minsky Charitable Trust

Sanibel, FL

PURPOSE: HILLEL $500 AND CHARITABLE SUPPORT $6750

$7,250
Frank Gerrity Charitable Tr

Braintree, MA

PURPOSE: GENERAL GRANT

$7,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$227,085,170
Earnings$2,534,235
Admin Expense$2,860,951
Net Contributions$7,542,263
Grants$6,183,838
Ending Balance$228,116,879

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