Harold Alfond Foundation

PORTLAND, ME EIN: 22-3281672

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$1.0B

+4.2% YoY

Annual Giving

$102.7M

+33.9% YoY

Grant Count

45

-10.0% YoY

Avg Grant Size

$2.3M

+48.8% YoY

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$87M$174M$262M$349M20202021202220232024
Metric202420232022
Total Assets$1,043,199,225$1,001,625,687$991,967,446
Revenue$171,021,822$110,997,249$111,359,503
Expenses$128,278,530$100,839,081$100,360,598
Qualifying Distributions$103,933,245$78,127,104$75,835,478
Net Investment Income$76,689,920$40,534,011$68,228,491
Distributable Amount$76,772,405$71,653,842$72,086,016

Giving Over Time

Total grant dollars and number of grants per year

$0$26M$51M$77M$103M62 grants202066 grants202159 grants202250 grants202345 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

UNIVERSITY OF MAINE FOUN…$28.0MMAINEGENERAL HEALTH$14.5MNORTHEASTERN UNIVERSITY$12.0MUNIVERSITY OF MAINE SYSTEM$7.0MALFOND SCHOLARSHIP FOUND…$5.6MUNIVERSITY OF NEW ENGLAND$4.5MMAINE COMMUNITY COLLEGE …$4.5MBIGELOW LABORATORY FOR O…$3.9MTHOMAS COLLEGE$3.0MTHE JACKSON LABORATORY$2.5M

Grant Size Distribution

282 grants across all recorded years

125<$50K7$50–100K19$100–250K14$250–500K25$500K–1M68$1–5M24$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does Harold Alfond Foundation fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
THEODORE B ALFONDTRUSTEE7
WILLIAM L ALFONDTRUSTEE7
GREGORY W POWELL - SEE STATEMENT 18TRUSTEE27
PETER H LUNDERTRUSTEE1
STEVEN P AKINTRUSTEE8
THERESA M STONETRUSTEE7
BARRY MILLSTRUSTEE7
KATHARINE ALFONDTRUSTEE7
JUSTIN ALFONDTRUSTEE7
MICHAEL E DUBYAKTRUSTEE7
JENNIFER SEEMANTRUSTEE7

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

8states

Cities

AmherstAuburnAugustaBangorBar HarborBathBelgrade LakesBiddefordBoothbayBostonBrunswickByfieldCambridgeCaribouCastineCotuitEast BoothbayGloucesterJamaica PlainKennebunk

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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