The University of Maine Foundation, acting as a separate organization, will work collaboratively with all entities to encourage philanthropic support for the University of Maine and other charitable organizations while carrying out the donor's wishes in perpetuity.
Key facts about University of Maine Foundation
In short: University of Maine Foundation gave $22.2M across 6 grants in 2024 (avg $3.7M), mostly in Maine. Source: 2024 IRS Form 990.
- EIN
- 01-6011501
- Latest 990 filing
- Form 990, 2024
- Annual giving (2024)
- $22,163,574
- Grants made (2024)
- 6
- Average grant
- $3,693,929
- Median grant
- $29,284
- Total assets
- $458,332,421
- Primary geography
- Maine (100% of itemized 2024 grant dollars)
Data from IRS Form 990, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990 · View filing
Total Assets
$458.3M
+17.3% YoY
Annual Giving
$22.2M
-10.6% YoY
Grant Count
6
+20.0% YoY
Avg Grant Size
$3.7M
-25.5% YoY
About University of Maine Foundation
Based on IRS filings
University of Maine Foundation is a public charity focused on Education, based in Orono, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $458.3M in total assets. In 2024, it awarded 6 grants totaling $22.2M. Net investment income was $8.5M.
Focus Areas
Open Grants
6 open opportunities from University of Maine Foundation
David M. Cheney Memorial Scholarship Fund
University of Maine Foundation
Amount
Varies
Deadline
Deadline not published
Hawes Poultry Fund
University of Maine Foundation
Amount
Varies
Deadline
Deadline not published
John Mitchell Nickerson Professorship of Political Science
University of Maine Foundation
Amount
Varies
Deadline
Deadline not published
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $14.4M (2020) to $37.0M (2022). In 2024 it made 6 grants totaling $22.2M.
*2021: Covers 18 months (fiscal year-end changed).
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was University of Maine ($22.1M across 2 grants). Together the top 5 received $22.2M.
Grant Size Distribution
40 grants across all recorded years
The most common grant size was under $50K: 25 grants of 40 (63%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Maine Orono, ME | Distributions in support of the University of Maine | $12,805,408 |
| University of Maine Orono, ME | Gifts transferred to the University of Maine | $9,272,349 |
| Ahavas Achim Society of Brotherly Love Bangor, ME | General | $37,000 |
| United Methodist Church Searsmont, ME | General | $21,567 |
| Potato Association of America Livonia, MI | General | $16,467 |
| Town of Searsmont Searsmont, ME | Government | $10,783 |
Financial History
Multi-year comparison from IRS filings
*2021: Covers 18 months (fiscal year-end changed).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $458,332,421 | $390,581,135 | $326,235,305 |
| Revenue | $60,444,315 | $64,724,867 | $40,999,640 |
| Expenses | $31,070,426 | $32,864,307 | $44,550,845 |
| Net Investment Income | $8,469,085 | $12,935,201 | $12,271,152 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 12, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
University of Maine Foundation is led by Jeffery N Mills, President & CEO on every filing since 2020; 7 of 17 officers listed in 2024 are compensated.
Officers on the 2024 filing
Jeffery N Mills
President & CEO
On filings since 2020
40 hrs/week
$313K (2020) → $399K (2024)
Robert A Strong
Chair
On filings since 2020
1 hr/week
No compensation reported
Elizabeth M Erickson
Senior Director of Philanthropy
On filings since 2020
40 hrs/week
$128K (2020) → $166K (2024)
Monique Hashey
Senior Director of Annual Giving, Marketing & Eve
Director of Marketing → Senior Director of Annual Giving, Marketing & Eve, 2024
On filings since 2020
40 hrs/week
$104K (2020) → $144K (2024)
Patricia A Cummings
Senior Director of Philanthropy
On filings since 2020
40 hrs/week
$143K (2020) → $178K (2024)
Joyce Kennedy
Senior Director of Philanthropy
On filings since 2021
40 hrs/week
$143K (2021) → $159K (2024)
David M Austin
Director
Past Secretary → Director, 2022
On filings since 2020
1 hr/week
No compensation reported
Donna L Hathaway
Director
Vice Chair → Director & Past Vice Chair, 2022
Director & Past Vice Chair → Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Kenneth A Murray
Director
On filings since 2020
1 hr/week
No compensation reported
Dorothy Foster Vachon
Director
On filings since 2021
1 hr/week
No compensation reported
Beth L Sturtevant
Director
On filings since 2022
1 hr/week
No compensation reported
Christopher P Keating
Director
On filings since 2022
1 hr/week
No compensation reported
Kevin J Frazier
Vice President & CFO
CFO → Vice President & CFO, 2024
On filings since 2020
40 hrs/week
$162K (2020) → $206K (2024)
Sarah J McPartland-Good
Vice President & Foundation General Counsel
General Counsel → Vice President & Foundation General Counsel, 2024
On filings since 2020
40 hrs/week
$141K (2020) → $183K (2024)
Kurt R Marston
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Maria R Fuentes
Secretary
On filings since 2020
1 hr/week
No compensation reported
Todd D Saucier
Vice Chair
Director → Vice Chair, 2022
On filings since 2020
1 hr/week
No compensation reported
Former officers (6)
- Former: Seth Woodcock (2020–2023) — Senior Associate Athletic Director for Development
- Former: Eldon L Morrison (2020–2022) — Past Director
- Former: Henry LP Schmelzer (2020–2022) — Past Director
- Former: Dorothy Ferris (2020) — Director
- Former: Edward J Keefe (2020) — Past Vice Chair
- Former: Trish Riley (2020) — Past Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $399K, to Jeffery N Mills (President/CEO). 7 officers or directors reported compensation on that filing.
Frequently asked questions about University of Maine Foundation
How much does University of Maine Foundation give each year?
University of Maine Foundation gave $22.2M across 6 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $24.8M across 5 grants.
What is University of Maine Foundation's typical grant size?
University of Maine Foundation's median grant in 2024 was $29,284, and its average grant was $3,693,929, across 6 grants on its 2024 IRS Form 990.
Where does University of Maine Foundation give grants?
University of Maine Foundation gives mostly in Maine: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Orono, ME (2 grants) and Searsmont, ME (2 grants).
Does University of Maine Foundation give general operating support?
Yes: 50% of University of Maine Foundation's 2024 grants with a stated purpose (3 of 6) were for general or operating support, per its 2024 IRS Form 990.
Who are University of Maine Foundation's largest grantees?
University of Maine Foundation's largest 2024 grantees include University of Maine ($22,077,757 across 2 grants), Ahavas Achim Society of Brotherly Love ($37,000) and United Methodist Church ($21,567), according to its 2024 IRS Form 990.
How large is University of Maine Foundation?
University of Maine Foundation reported $458.3M in total assets on its 2024 IRS Form 990. Its revenue that year was $60.4M.
What is University of Maine Foundation?
University of Maine Foundation is a public charity focused on Education, based in Orono, ME. It holds $458.3M in total assets as of 2024.
What is University of Maine Foundation's EIN?
University of Maine Foundation's EIN (Employer Identification Number) is 01-6011501. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching University of Maine Foundation by hand.
Explore Open Grants
Browse active grant opportunities in University of Maine Foundation's focus areas in our free grants database
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University of Maine Foundation down — hundreds of funders to go?