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.
Financial Overview
From 2024 IRS Form 990-PF · 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 nonprofit organization 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
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| 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 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $8,469,085 | $12,935,201 | $12,271,152 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
36 grants across all recorded years
Open Grants
6 open opportunities from University of Maine Foundation
David M. Cheney Memorial Scholarship Fund
University of Maine Foundation
Amount
Varies
Deadline
Rolling / Open
Hawes Poultry Fund
University of Maine Foundation
Amount
Varies
Deadline
Rolling / Open
John Mitchell Nickerson Professorship of Political Science
University of Maine Foundation
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Maine ($12,805,408), University of Maine ($9,272,349), Ahavas Achim Society of Brotherly Love ($37,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Ahavas Achim Society of Brotherly Love Bangor, ME | General | $37,000 |
| United Methodist Church Searsmont, ME | General | $21,567 |
| Town of Searsmont Searsmont, ME | Government | $10,783 |
| 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 |
| Potato Association of America Livonia, MI | General | $16,467 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Robert A Strong | Chair | 1 | — |
| Todd D Saucier | Vice Chair | 1 | — |
| David M Austin | Director | 1 | — |
| Donna L Hathaway | Director | 1 | — |
| Christopher P Keating | Director | 1 | — |
| Kenneth A Murray | Director | 1 | — |
| Beth L Sturtevant | Director | 1 | — |
| Dorothy Foster Vachon | Director | 1 | — |
| Kurt R Marston | Treasurer | 1 | — |
| Maria R Fuentes | Secretary | 1 | — |
| Jeffery N Mills | President/CEO | 40 | $398,629 |
| Kevin J Frazier | Vice President & CFO | 40 | $205,850 |
| Sarah J McPartland-Good | VP & Foundation General Counsel | 40 | $183,145 |
| Elizabeth M Erickson | Senior Director of Philanthropy | 40 | $166,288 |
| Patricia A Cummings | Senior Director of Philanthropy | 40 | $178,175 |
| Joyce Kennedy | Senior Director of Philanthropy | 40 | $158,737 |
| Monique Hashey | Sr. Dir. of Annual Giving, Marketing, & Eve | 40 | $144,251 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is University of Maine Foundation?
University of Maine Foundation is a nonprofit organization focused on Education, based in ORONO, ME. It holds $458.3M in total assets as of 2024.
How large is University of Maine Foundation?
As of 2024, University of Maine Foundation holds $458.3M in total assets with $60.4M in annual revenue. It awarded 6 grants totaling $22.2M in 2024.
Where does University of Maine Foundation operate?
University of Maine Foundation has awarded grants in Georgia, Maine, Michigan.
What size grants does University of Maine Foundation award?
In 2024, University of Maine Foundation awarded 6 grants totaling $22.2M — an average of about $3.7M per grant, based on its IRS Form 990 filings.
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.
Explore Open Grants
Browse active grant opportunities in University of Maine Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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