Peter Alfond Foundation

BETHESDA, MD EIN: 22-3267949 Website

The Peter Alfond Foundation is a private charitable foundation located in Bethesda, Maryland, established in 1994. It operates as a 501(c)(3) organization with a focus on education and wellness initiatives, particularly in underserved communities.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$71.2M

-1.6% YoY

Annual Giving

$3.0M

-24.9% YoY

Grant Count

-9.9% YoY

Avg Grant Size

$48K

-16.7% YoY

Under IRS private-foundation payout rules, Peter Alfond Foundation reported a distributable amount of $4.1M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

Primary funding areas include:

Education: K-12 education and out-of-school time programming
Youth Development: Youth-centered initiatives and leadership development
Wellness: Health and well-being programs
Community Development: Agricultural and environmental sustainability projects
Convening & Learning: Peer learning cohorts and cross-sector collaboration

Specific program initiatives include:

Maine Peer Learning Cohort (MEPLC) — convening nonprofit leaders in youth development
Puerto Rico Education Landscape (PREL) — cross-sector collaboration on K-12 education and out-of-school time
Puerto Rico Compost (PRC) — agricultural sustainability and local food systems development
Alfond Youth Center
Model United Nations programs
PRCF Scholarship Fund VIII

Grantmaking

The Foundation made four grants in its most recent reporting year. Recent grantees include Mainegeneral Medical Center and Hearty Roots (an outdoor-based youth development organization in Maine).

How to Apply

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Geographic Focus

Where this funder awards grants

New England (primary focus, particularly Maine)
Caribbean Islands (secondary focus, particularly Puerto Rico)

Grant Distribution by State

Maine $52.6M (73%)

PR $16.9M (23%)

Massachusetts $2.0M (3%)

New York $421K (1%)

Vermont $293K (0%)

Maryland $90K (0%)

District of Columbia $26K (0%)

Georgia $15K (0%)

+8 more states

States

California District of Columbia Florida Georgia Louisiana Massachusetts Maryland Maine Minnesota New Hampshire New York Pr Utah Virginia Vermont

Cities

AdjuntasArlingtonAtlantaAugustaBangorBarcelonetaBarranquitasBathBelfastBethesdaBiddefordBristolBrooklynCaguasCarolinaCarolineCatanoCayeyChestnut HillCraftsbury Common

Financial History

Multi-year comparison from IRS filings

As of 2024:

Total Assets: $71,183,636
Total Revenues: $2,966,313
Total Expenses: $4,158,578
Number of Employees: 2

As of 2023:

Total Assets: $72.4M
Revenue: $2.08M
Expenses: $5.09M
Total Liabilities: $0

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$71,183,636	$72,365,176	$75,397,199
Revenue	$2,966,313	$2,079,188	$963,165
Expenses	$4,158,578	$5,085,229	$5,202,967
Qualifying Distributions	$4,443,822	$4,805,862	$4,899,198
Net Investment Income	$2,891,232	$2,086,792	$2,008,621
Distributable Amount	$4,145,895	$3,969,152	$4,251,488

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

205 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Caras ($200,000), Plenitud Iniciativas Eco-educativas Inc ($175,000), Corporacion Juvenil Para El Desarollo De Comunidades Sostenibles ($170,000).

Recipient	Purpose	Amount
AL SOL DE HOY BARRANQUITAS, PR	PRE-HURRICANE COMMUNITY GATHERINGS	$15,000
APEX YOUTH CONNECTION BIDDEFORD, ME	GENERAL OPERATING SUPPORT	$30,000
APOYO LEGAL AL EMPRENDIMIENTO COMUNITARIO INC CAGUAS, PR	OPERATIONAL, TECHNICAL, AND LEGAL SUPPORT FOR FARMERS	$50,000
AUGUSTA BOYS & GIRLS CLUB AUGUSTA, ME	AUGUSTA TEEN CENTER	$30,000
BANGOR HOUSING DEVELOPMENT CORPORATION BANGOR, ME	FAMILIES FORWARD PROGRAM	$50,000
CARAS CATANO, PR	GENERAL OPERATING SUPPORT	$130,000
CARAS CATANO, PR	WELLNESS PROGRAM	$200,000
COMPOSTAPR SAN JUAN, PR	ESTABLISHMENT OF BIO-FERTILIZER PRODUCTION FACILITY (PAYMENT 1 OF 2)	$30,000
CONPRMETIDOS CORP SAN JUAN, PR	CONSTRUCTION WORKFORCE TRAINING	$2,500
CORPORACION JUVENIL PARA EL DESAROLLO DE COMUNIDADES SOSTENIBLES CAGUAS, PR	MACHINERY AND EQUIPMENT LENDING PROGRAM	$170,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
REBEKAH ALFOND	TRUSTEE	5	—
KYLE ALFOND	TRUSTEE	7	—
DEBORAH ALFOND	TRUSTEE	1	—
JAIRO ESTRADA	TRUSTEE (THRU 10/2024)	3	—
BARBARA CROWLEY	TRUSTEE	3	—
KEVIN MAHANEY	TRUSTEE	2	—
MARIA TAFT	TRUSTEE (FROM 10/2024)	3	—

Frequently Asked Questions

What does Peter Alfond Foundation fund?

The Foundation seeks to support leaders and organizations that embody humility, integrity, and compassion while working to create conditions where all people can thrive while caring for the places they call home. Primary funding areas include: • **Education**: K-12 education and out-of-school time programming • **Youth Development**: Youth-centered initiatives and leadership development • **Wellness**: Health and well-being programs • **Community Development**: Agricultural and environmental su…

How do I apply for a grant from Peter Alfond Foundation?

The Foundation made four grants in its most recent reporting year. Recent grantees include Mainegeneral Medical Center and Hearty Roots (an outdoor-based youth development organization in Maine). The Foundation also makes program-related investment (PRI) loans to nonprofit organizations in Puerto Rico to further its charitable purposes. **Application Process:** The Foundation does not accept unsolicited grant applications. Interested organizations are invited to submit an inquiry if their missi…

Where does Peter Alfond Foundation make grants?

• **New England** (primary focus, particularly Maine) • **Caribbean Islands** (secondary focus, particularly Puerto Rico)

What size grants does Peter Alfond Foundation award?

In 2024, Peter Alfond Foundation awarded 64 grants totaling $3.0M — an average of about $48K per grant, based on its IRS Form 990 filings.

How much is Peter Alfond Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Peter Alfond Foundation reported a distributable amount of $4.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.