Harold Alfond Foundation

Harold Alfond Foundation Overview

Harold Alfond Foundation is located in Portland, ME. The organization was established in 1994. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Harold Alfond Foundation generated $56.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $58.5m during the year ending 12/2019. While expenses have increased by 6.9% 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 2014, Harold Alfond Foundation has awarded 510 individual grants totaling $438,239,736. 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 990PF Filing

TAX YEAR

2019

Describe the Organization's Program Activity:

Part 3 - Line 4a

NONE


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Harold Alfond Foundation Vendors

Vendor Name (Service)Compensation
Dexter Private Equity Te Llc
$1,920,445
Dexter Us Equity Te Llc
$1,000,927
Dexter Enterprises Inc
$1,000,699
Dexter Real Assets Te Llc
$898,492
Dexter International Equity Te Llc
$849,279
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $10,000,000
Interest on Savings $2,521,395
Dividends & Interest $7,721,311
Net Rental Income$0
Net Gain on Sale of Assets $34,886,585
Capital Gain Net Income $29,134,760
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $939,992
Total Revenue $56,069,283

Harold Alfond Foundation Grants Awarded

Over the last fiscal year, Harold Alfond Foundation has awarded $47,582,991 in support to 64 organizations.

Grant RecipientAmount

COLBY COLLEGE

PURPOSE: ATHLETICS CENTER

$10,000,000

ALFOND SCHOLARSHIP FOUNDATION

Org PageRecipient Profile

Portland, ME

PURPOSE: ASF SCHOLARSHIP PAYMENTS

$6,154,247

Winter Park, FL

PURPOSE: THE INNOVATION TRIANGLE

$4,000,000

ALFOND YOUTH & COMMUNITY CENTER

Org PageRecipient Profile

Waterville, ME

PURPOSE: WELLNESS PROJECT

$3,672,384

MAINE CENTER VENTURES

PURPOSE: MAINE CENTER FOR GRADUATE PROFESSIONAL STUDIES

$3,000,000

THE JACKSON LABORATORY

Org PageRecipient Profile

Bar Harbor, ME

PURPOSE: MAINE CANCER GENOMICS INITIATIVE

$2,750,000
View Grant Profile

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