Peter Alfond Foundation
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
64
-9.9% YoY
Avg Grant Size
$48K
-16.7% YoY
Mission & Focus Areas
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 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).
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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
States
Cities
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
| 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
No grants recorded for .
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 | — |
Related Funders
Similar funders by location and focus area
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Charles F and Margaret Mh Obrecht
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Assets
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Total Given
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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