University of Southern Maine Foundation
To actively build and steward resources in support of the University of Southern Maine's mission of education, research, and public service and to educate the public about the activities and programs of the University of Southern Maine.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$58.6M
+18.2% YoY
Annual Giving
$4.5M
-74.1% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$2.3M
-74.1% YoY
About University of Southern Maine Foundation
Based on IRS filings
University of Southern Maine Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in PORTLAND, ME. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $58.6M in total assets. In 2025, it awarded 2 grants totaling $4.5M. Net investment income was $1.7M.
Focus Areas
Ready to take the next step with University of Southern Maine Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $58,582,559 | $49,556,091 | $57,792,646 |
| Revenue | $14,278,860 | $8,925,589 | $9,872,134 |
| Expenses | $7,366,949 | $20,232,872 | $8,194,087 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,656,377 | $1,251,027 | $1,027,454 |
| 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 2 recipients in 2025
Grant Size Distribution
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include University of Southern Maine ($3,419,655), University of Southern Maine ($1,102,700).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF SOUTHERN MAINE BANGOR, ME | USM programs & capital projects | $3,419,655 |
| UNIVERSITY OF SOUTHERN MAINE BANGOR, ME | Endowment income gifted to USM | $1,102,700 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Stephen deCastro | Chair | 1 | — |
| Dean Murray '87 | Vice Chair | 1 | — |
| Stephen Irish '81 | Treasurer | 1 | — |
| Todd Chamberlain | Secretary | 1 | — |
| Daniel Crewe '22H | Director | 1 | — |
| Justin Alfond | Director | 1 | — |
| Kelly Barden | Director | 1 | — |
| Kenneth Blaschke | Director | 1 | — |
| Kelly Brewer '11 | Director | 1 | — |
| Robert H Dodge | Director | 1 | — |
| Dajaun Eubanks | Director | 1 | — |
| Timothy Griffin '05 '12G | Director | 1 | — |
| Mo Ibourk '03 '05G | Director | 1 | — |
| Daniel Kleban '04 | Director | 1 | — |
| Mike Marocco '81 | Director | 1 | — |
| Rebecca McKinnell '06 | Director | 1 | — |
| Casey Prentice | Director | 1 | — |
| John Ryan | Director | 1 | — |
| Lois Skillings '91G | Director | 1 | — |
| Ian Slaymaker '07 PhD | Director | 1 | — |
| Ray Stevens PhD '86 14H | Director | 1 | — |
| Linda Varrell '00 | Director | 1 | — |
| Dr Jacqueline Edmondson | Executive Officio | 1 | — |
| Rebecca Swanson Conrad | Affliliated Representative | 1 | — |
| Jana Magnuson | Volunteer Finance Committe | 1 | — |
| Ainsley Newman Wallace | President & CEO (Thru 9/30/24) | 40 | $164,024 |
| Corey Hascall | President & CEO | 40 | $160,089 |
| Erin Macey | Executive Director | 40 | $120,904 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is University of Southern Maine Foundation?
University of Southern Maine Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in PORTLAND, ME. It holds $58.6M in total assets as of 2025.
How large is University of Southern Maine Foundation?
As of 2025, University of Southern Maine Foundation holds $58.6M in total assets with $14.3M in annual revenue. It awarded 2 grants totaling $4.5M in 2025.
Where does University of Southern Maine Foundation operate?
University of Southern Maine Foundation has awarded grants in Maine.
What size grants does University of Southern Maine Foundation award?
In 2025, University of Southern Maine Foundation awarded 2 grants totaling $4.5M — an average of about $2.3M per grant, based on its IRS Form 990 filings.
What is University of Southern Maine Foundation's EIN?
University of Southern Maine Foundation's EIN (Employer Identification Number) is 04-3350930. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
Browse active grant opportunities in University of Southern 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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