Instrumentl eFile Render
Object ID: 202123199349101207 - Rendered 2024-05-01
TIN: 22-3281672
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0052
20
20
Open to Public Inspection
For calendar year 2020, or tax year beginning
01-01-2020
, and ending
12-31-2020
Name of foundation
HAROLD ALFOND FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)
CO DEXTER ENTRPS TWO MONUMENT SQ
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PORTLAND
,
ME
04101
A Employer identification number
22-3281672
B
Telephone number (see instructions)
(207) 828-7999
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
1,243,604,431
J
Accounting method:
Cash
Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)
Part I
Analysis of Revenue and Expenses
(The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)
(a)
Revenue and
expenses per
books
(b)
Net investment
income
(c)
Adjusted net
income
(d)
Disbursements
for charitable
purposes
(cash basis only)
1
Contributions, gifts, grants, etc., received (attach schedule)
273,423,811
2
Check
.............
3
Interest on savings and temporary cash investments
1,991,853
1,991,853
4
Dividends and interest from securities
...
8,105,547
7,921,957
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
27,767,063
b
Gross sales price for all assets on line 6a
29,106,805
7
Capital gain net income (from Part IV, line 2)
...
23,687,191
8
Net short-term capital gain
.........
9
Income modifications
...........
10a
Gross sales less returns and allowances
b
Less: Cost of goods sold
....
c
Gross profit or (loss) (attach schedule)
.....
11
Other income (attach schedule)
.......
5,795,558
2,166,511
12
Total.
Add lines 1 through 11
........
317,083,832
35,767,512
13
Compensation of officers, directors, trustees, etc.
0
0
0
14
Other employee salaries and wages
......
15
Pension plans, employee benefits
.......
16a
Legal fees (attach schedule)
.........
107,393
81,119
26,274
b
Accounting fees (attach schedule)
.......
27,625
11,050
16,575
c
Other professional fees (attach schedule)
....
1,778,022
806,424
971,598
17
Interest
...............
13,149
0
0
18
Taxes (attach schedule) (see instructions)
...
1,111,589
382,674
0
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
26,082
10,433
15,649
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
9,475,350
3,377,566
10,089
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
12,539,210
4,669,266
1,040,185
25
Contributions, gifts, grants paid
.......
51,931,376
51,645,654
26
Total expenses and disbursements.
Add lines 24 and 25
64,470,586
4,669,266
52,685,839
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
252,613,246
b
Net investment income
(if negative, enter -0-)
31,098,246
c
Adjusted net income
(if negative, enter -0-)
...
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2020)
Form 990-PF (2020)
Page
2
Part II
Balance Sheets
Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year
End of year
(a)
Book Value
(b)
Book Value
(c)
Fair Market Value
1
Cash—non-interest-bearing
.............
5,323
3,033
3,033
2
Savings and temporary cash investments
.........
8,482,542
5,332,494
5,332,494
3
Accounts receivable
Less: allowance for doubtful accounts
4
Pledges receivable
Less: allowance for doubtful accounts
5
Grants receivable
.................
6
Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)
.....
7
Other notes and loans receivable (attach schedule)
Less: allowance for doubtful accounts
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
10a
Investments—U.S. and state government obligations (attach schedule)
b
Investments—corporate stock (attach schedule)
.......
117,232,501
119,538,805
303,363,671
c
Investments—corporate bonds (attach schedule)
.......
43,221,926
26,973,973
28,524,946
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
414,682,466
661,527,552
906,375,287
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
5,000
5,000
5,000
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
583,629,758
813,380,857
1,243,604,431
17
Accounts payable and accrued expenses
..........
18
Grants payable
.................
19
Deferred revenue
.................
20
Loans from officers, directors, trustees, and other disqualified persons
21
Mortgages and other notes payable (attach schedule)
......
22
Other liabilities (describe
)
4,621,001
4,585,774
23
Total liabilities
(add lines 17 through 22)
.........
4,621,001
4,585,774
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
25
Net assets with donor restrictions
............
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
579,008,757
808,795,083
27
Paid-in or capital surplus, or land, bldg., and equipment fund
0
0
28
Retained earnings, accumulated income, endowment, or other funds
0
0
29
Total net assets or fund balances
(see instructions)
.....
579,008,757
808,795,083
30
Total liabilities and net assets/fund balances
(see instructions)
.
583,629,758
813,380,857
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return)
...............
1
579,008,757
2
Enter amount from Part I, line 27a
.....................
2
252,613,246
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3
..........................
4
831,622,003
5
Decreases not included in line 2 (itemize)
5
22,826,920
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
808,795,083
Form
990-PF
(2020)
Form 990-PF (2020)
Page
3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a)
List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a
PUBLICLY TRADED SECURITIES
2010-07-01
2020-07-01
b
SPECIAL OPPS III PASS-THROUGH
P
2006-07-01
2020-07-01
c
LEGACY VENTURE IV PASS-THROUGH
P
2006-07-01
2020-07-01
d
LEGACY VENTURE V PASS-THROUGH
P
2008-07-01
2020-07-01
e
BLACKSTONE REAL ESTATE PASS-THROUGH
P
2006-07-01
2020-07-01
DEXTER HEDGE FUNDS TE PASS-THROUGH
P
2013-07-01
2020-07-01
DEXTER TS INDIA FUND PASS-THROUGH
P
2009-07-01
2020-07-01
201 FOLSOM INVESTOR FEEDER PASS-THROUGH
P
2011-07-01
2020-07-01
DEXTER US EQUITY TE PASS-THROUGH
P
2011-07-01
2020-07-01
DEXTER FIXED INCOME TE PASS-THROUGH
P
2014-07-01
2020-07-01
DEXTER INTERNATIONAL EQUITY TE PASS-THROUGH
P
2011-07-01
2020-07-01
DEXTER GLOBAL EQUITY TE PASS-THROUGH
P
2011-07-01
2020-07-01
DEXTER PRIVATE EQUITY TE PASS-THROUGH
P
2012-07-01
2020-07-01
DEXTER REAL ASSETS TE PASS-THROUGH
P
2012-07-01
2020-07-01
CLASS ACTION PROCEEDS
P
2020-01-01
2020-07-01
ADJUSTMENT FOR GAINS INCLUDED IN UBTI
P
2020-07-01
2020-12-31
AMERICAN INFRASTRUCTURE MLP PASS-THROUGH
D
2020-07-01
2020-12-31
ENTREPRENEURIAL VALUE FUND PASS-THROUGH
D
2020-07-01
2020-12-31
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
525,327
367,075
158,252
b
34,512
34,512
c
505,855
505,855
d
667,199
667,199
e
20,746
20,746
150
150
1,514
1,514
143
-143
6,630,629
6,630,629
2,175,299
2,175,299
2,924,496
2,924,496
1,887,124
1,887,124
8,386,570
8,386,570
2,629,807
2,629,807
194
194
2,558,571
-2,558,571
68,157
68,157
155,401
155,401
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-)
or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a
158,252
b
34,512
c
505,855
d
667,199
e
20,746
150
1,514
-143
6,630,629
2,175,299
2,924,496
1,887,124
8,386,570
2,629,807
194
-2,558,571
68,157
155,401
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
23,687,191
3
Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8
...................
3
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1
Reserved
(a)
Reserved
(b)
Reserved
(c)
Reserved
(d)
Reserved
2
Reserved
...........................
2
3
Reserved
...........................
3
4
Reserved
...........................
4
5
Reserved
...........................
5
6
Reserved
...........................
6
7
Reserved
...........................
7
8
Reserved
,..........................
8
Form
990-PF
(2020)
Form 990-PF (2020)
Page
4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a
Exempt operating foundations described in section 4940(d)(2), check here
and enter “N/A" on line 1.
Date of ruling or determination letter:
(attach copy of letter if necessary–see instructions)
b
Reserved
................................
1
432,266
c
All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2
Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
2
0
3
Add lines 1 and 2
...........................
3
432,266
4
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
4
0
5
Tax based on investment income.
Subtract line 4 from line 3. If zero or less, enter -0-
.....
5
432,266
6
Credits/Payments:
a
2020 estimated tax payments and 2019 overpayment credited to 2020
6a
543,579
b
Exempt foreign organizations—tax withheld at source
......
6b
0
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
78,000
d
Backup withholding erroneously withheld
...........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
621,579
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
0
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
189,313
11
Enter the amount of line 10 to be:
Credited to 2021 estimated tax
189,313
Refunded
11
0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign?
....................
1a
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition
.................................
1b
No
If the answer is "Yes" to
1a
or
1b,
attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file
Form 1120-POL
for this year?
.....................
1c
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1)
On the foundation.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?
.......
2
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments?
If "Yes," attach a conformed copy of the changes
....
3
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?
........
4a
Yes
b
If "Yes," has it filed a tax return on
Form 990-T
for this year?
...................
4b
Yes
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?
.........
5
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
By language in the governing instrument, or
By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument?
................
6
Yes
7
Did the foundation have at least $5,000 in assets at any time during the year?
If "Yes," complete Part II, col. (c),
and Part XV.
.................................
7
Yes
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
ME
,
CA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G?
If "No," attach explanation
.
8b
Yes
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
If "Yes," complete Part XIV
.............................
9
No
10
Did any persons become substantial contributors during the tax year?
If "Yes," attach a schedule listing their names
and addresses.
...............................
10
Yes
Form
990-PF
(2020)
Form 990-PF (2020)
Page
5
Part VII-A
Statements Regarding Activities
(continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions
.............
11
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions
.................
12
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
Website address
WWW.HAROLDALFONDFOUNDATION.ORG
14
The books are in care of
DEXTER ENTERPRISES INC
Telephone no.
(207) 828-7999
Located at
TWO MONUMENT SQUARE
PORTLAND
ME
ZIP+4
04101
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over
Yes
No
a bank, securities, or other financial account in a foreign country?
.................
16
No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Part VII-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1)
Engage in the sale or exchange, or leasing of property with a disqualified person?
Yes
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
......................
Yes
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Yes
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
Yes
No
(5)
Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)?
...............
Yes
No
(6)
Agree to pay money or property to a government official? (
Exception.
Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.)
.......
Yes
No
b
If any answer is "Yes" to 1a(1)–(6), did
any
of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions
........
1b
No
Organizations relying on a current notice regarding disaster assistance check here
........
c
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2020?
.............
1c
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
and 6e, Part XIII) for tax year(s) beginning before 2020?
.............
Yes
No
If "Yes," list the years
20
,
20
,
20
,
20
b
Are there any years listed in 2a for which the foundation is
not
applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to
all
years listed, answer "No" and attach statement—see instructions.)
..............
2b
c
If the provisions of section 4942(a)(2) are being applied to
any
of the years listed in 2a, list the years here.
20
,
20
,
20
,
20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year?
......................
Yes
No
b
If "Yes," did it have excess business holdings in 2020 as a result of
(1)
any purchase by the foundation
or disqualified persons after May 26, 1969;
(2)
the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or
(3)
the lapse of the 10-, 15-, or 20-year first phase holding period?
(Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2020.)
..................
3b
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
4b
No
Form
990-PF
(2020)
Form 990-PF (2020)
Page
6
Part VII-B
Statements Regarding Activities for Which Form 4720 May Be Required
(continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1)
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
Yes
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
.............
Yes
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
Yes
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
................
Yes
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.....
Yes
No
b
If any answer is "Yes" to 5a(1)–(5), did
any
of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions
......
5b
Yes
Organizations relying on a current notice regarding disaster assistance check here
.........
c
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant?
..........
Yes
No
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract?
.....................
Yes
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
....
6b
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
Yes
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction?
....
7b
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year?
.................
Yes
No
Part VIII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1
List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a)
Name and address
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(If not paid, enter
-0-)
(d)
Contributions to employee benefit plans and deferred compensation
(e)
Expense account,
other allowances
THEODORE B ALFOND
TRUSTEE
2.00
0
0
0
C/O DEXTER ENT TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
WILLIAM L ALFOND
TRUSTEE
1.00
0
0
0
C/O DEXTER ENT TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
GREGORY W POWELL - SEE STATEMENT 18
TRUSTEE
27.00
0
0
0
C/O DEXTER ENT TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
PETER H LUNDER
TRUSTEE
1.00
0
0
0
C/O DEXTER ENT TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
STEVEN P AKIN
TRUSTEE
8.00
0
0
0
C/O DEXTER ENT TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
THERESA M STONE
TRUSTEE
7.00
0
0
0
C/O DEXTER ENT TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
DAVID T FLANAGAN
TRUSTEE
7.00
0
0
0
C/O DEXTER ENT TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
BARRY MILLS
TRUSTEE
7.00
0
0
0
C/O DEXTER ENT TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
KATHARINE ALFOND
TRUSTEE
7.00
0
0
0
C/O DEXTER ENT TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
JUSTIN ALFOND
TRUSTEE
7.00
0
0
0
C/O DEXTER ENT TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
2
Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a)
Name and address of each employee paid more than $50,000
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(d)
Contributions to
employee benefit
plans and deferred
compensation
(e)
Expense account,
other allowances
NONE
Total
number of other employees paid over $50,000
...................
0
Form
990-PF
(2020)
Form 990-PF (2020)
Page
7
Part VIII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
(continued)
3
Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a)
Name and address of each person paid more than $50,000
(b)
Type of service
(c)
Compensation
DEXTER PRIVATE EQUITY TE LLC
INVEST PORTFOLIO DEDUCTIONS
2,525,418
TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
DEXTER ENTERPRISES INC
INVESTMENT & GRANT ADMINISTRATION
1,264,280
TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
DEXTER US EQUITY TE LLC
INVEST PORTFOLIO DEDUCTIONS
957,853
TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
DEXTER REAL ASSETS TE LLC
INVEST PORTFOLIO DEDUCTIONS
951,821
TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
DEXTER HEDGE FUND TE LLC
INVEST PORTFOLIO DEDUCTIONS
901,951
TWO MONUMENT SQUARE
PORTLAND
,
ME
04101
Total
number of others receiving over $50,000 for professional services
.............
6
Part IX-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.
Expenses
1
NONE
0
2
3
4
Part IX-B
Summary of Program-Related Investments
(see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.
Amount
1
2
All other program-related investments. See instructions.
3
Total.
Add lines 1 through 3
.........................
0
Form
990-PF
(2020)
Form 990-PF (2020)
Page
8
Part X
Minimum Investment Return
(All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities
...................
1a
898,623,083
b
Average of monthly cash balances
.......................
1b
5,409,503
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
904,032,586
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets
..................
2
0
3
Subtract line 2 from line 1d
.........................
3
904,032,586
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
13,560,489
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
890,472,097
6
Minimum investment return.
Enter 5% of line 5
..................
6
44,523,605
Part XI
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part X, line 6
....................
1
44,523,605
2a
Tax on investment income for 2020 from Part VI, line 5
......
2a
432,266
b
Income tax for 2020. (This does not include the tax from Part VI.)
...
2b
108,459
c
Add lines 2a and 2b
............................
2c
540,725
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
43,982,880
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
43,982,880
6
Deduction from distributable amount (see instructions)
.................
6
0
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1
...
7
43,982,880
Part XII
Qualifying Distributions
(see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26
..........
1a
52,685,839
b
Program-related investments—total from Part IX-B
..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes
...............................
2
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
285,723
b
Cash distribution test (attach the required schedule)
.................
3b
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
4
52,971,562
5
Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
income. Enter 1% of Part I, line 27b. See instructions
.................
5
0
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
52,971,562
Note:
The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.
Form
990-PF
(2020)
Form 990-PF (2020)
Page
9
Part XIII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2019
(c)
2019
(d)
2020
1
Distributable amount for 2020 from Part XI, line 7
43,982,880
2
Undistributed income, if any, as of the end of 2020:
a
Enter amount for 2019 only
.......
0
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2020:
a
From 2015
......
b
From 2016
......
c
From 2017
......
d
From 2018
......
e
From 2019
......
6,675,570
f
Total
of lines 3a through e
........
6,675,570
4
Qualifying distributions for 2020 from Part
XII, line 4:
$
52,971,562
a
Applied to 2019, but not more than line 2a
0
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
0
c
Treated as distributions out of corpus (Election
required—see instructions)
........
0
d
Applied to 2020 distributable amount
.....
43,982,880
e
Remaining amount distributed out of corpus
8,988,682
5
Excess distributions carryover applied to 2020.
0
0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
15,664,252
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
0
c
Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed
......
0
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
0
e
Undistributed income for 2019. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2020. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2021
..........
0
7
Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions)
.......
0
8
Excess distributions carryover from 2015 not
applied on line 5 or line 7 (see instructions)
...
0
9
Excess distributions carryover to 2021.
Subtract lines 7 and 8 from line 6a
......
15,664,252
10
Analysis of line 9:
a
Excess from 2016
....
b
Excess from 2017
....
c
Excess from 2018
....
d
Excess from 2019
....
6,675,570
e
Excess from 2020
....
8,988,682
Form
990-PF
(2020)
Form 990-PF (2020)
Page
10
Part XIV
Private Operating Foundations
(see instructions and Part VII-A, question 9)
1a
If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2020, enter the date of the ruling
.......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
2a
Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part X for each
year listed
..........
Tax year
Prior 3 years
(e) Total
(a)
2020
(b)
2019
(c)
2018
(d)
2017
b
85% of line 2a
.........
c
Qualifying distributions from Part XII,
line 4 for each year listed
.....
d
Amounts included in line 2c not used directly
for active conduct of exempt activities
..........
e
Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c
....
3
Complete 3a, b, or c for the
alternative test relied upon:
a
“Assets" alternative test—enter:
(1)
Value of all assets
......
(2)
Value of assets qualifying
under section 4942(j)(3)(B)(i)
b
“Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part X, line 6 for each year listed
...
c
“Support" alternative test—enter:
(1)
Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties)
....
(2)
Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)
....
(3)
Largest amount of support
from an exempt organization
(4)
Gross investment income
Part XV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1
Information Regarding Foundation Managers:
a
List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
b
List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
REFER TO GRANT GUIDELINES AT WWWHAR
DEXTER ENTERPRISES INC TWO MONUMENT
SQUARE
PORTLAND
,
ME
04101
(207) 828-7999
b
The form in which applications should be submitted and information and materials they should include:
REFER TO GRANT GUIDELINES AT WWW.HAROLDALFONDFOUNDATION.ORG
c
Any submission deadlines:
REFER TO GRANT GUIDELINES AT WWW.HAROLDALFONDFOUNDATION.ORG
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
REFER TO GRANT GUIDELINES AT WWW.HAROLDALFONDFOUNDATION.ORG
Form
990-PF
(2020)
Form 990-PF (2020)
Page
11
Part XV
Supplementary Information
(continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient
If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
a
Paid during the year
7 LAKES ALLIANCE
PO BOX 250
BELGRADE LAKES
,
ME
049180250
PC
2020/2021 CAPACITY-BUILDING INITIATIVE
100,000
ALFOND SCHOLARSHIP FOUNDATION
482 CONGRESS ST STE 303
PORTLAND
,
ME
041013437
SO I
OPERATIONS
787,820
ALFOND SCHOLARSHIP FOUNDATION
482 CONGRESS ST STE 303
PORTLAND
,
ME
041013437
SO I
ASF SCHOLARSHIP PAYMENTS
5,848,240
ALFOND SCHOLARSHIP FOUNDATION
482 CONGRESS ST STE 303
PORTLAND
,
ME
041013437
SO I
QUARTERLY FAME EXPENSES
303,181
ALFOND YOUTH & COMMUNITY CENTER
126 NORTH STREET
WATERVILLE
,
ME
04901
PC
STRATEGIC LONG TERM CAPITAL AND DEVELOPMENT SUSTAINABILITY AT THE ALFOND YOUTH CENTER
492,950
ALFOND YOUTH & COMMUNITY CENTER
126 NORTH STREET
WATERVILLE
,
ME
04901
PC
WATERVILLE CAL RIPKEN LEAGUE
150
ALFOND YOUTH & COMMUNITY CENTER
126 NORTH STREET
WATERVILLE
,
ME
04901
PC
WELLNESS PROJECT
1,265,760
AMERICAN UNIVERSITY IN BULGARIA
910 17TH ST NW SUITE 1100
WASHINGTON
,
DC
20006
PC
UNRESTRICTED
10,000
AROOSTOOK MENTAL HEALTH SERVICES INC
PO BOX 1018
CARIBOU
,
ME
04736
PC
AROOSTOOK TEEN LEADERSHIP CAMP (ATLC) PROGRAM
2,500
BELGRADE REGIONAL HEALTH CENTER
PO BOX 304
BELGRADE LAKES
,
ME
049180304
PC
UNRESTRICTED
15,000
BETH ISRAEL CONGREGATION - BATH
906 WASHINGTON ST
BATH
,
ME
045302653
PC
UNRESTRICTED
2,000
BETH ISRAEL CONGREGATION - WATERVILLE
291 MAIN STREET
WATERVILLE
,
ME
04903
PC
OPERATIONS
50,000
BOSTON SYMPHONY ORCHESTRA INC
301 MASS AVENUE
BOSTON
,
MA
021154557
PC
UNRESTRICTED
40,000
BRUNSWICK COMMUNITY EDUCATION FOUNDATION
PO BOX 1042
BRUNSWICK
,
ME
040111042
PC
UNRESTRICTED
5,000
CATHANCE RIVER EDUCATION ALLIANCE
PO BOX 187
TOPSHAM
,
ME
040860187
PC
UNRESTRICTED
5,000
CENTER FOR CURRICULUM REDESIGN
10 JAMAICAWAY 18
JAMAICA PLAIN
,
MA
02130
PC
CYBERPANTHERS CS PATH FOR EDUCATION, EMPLOYABILITY AND LIFE
893,000
CHILDREN'S CENTER EARLY INTERVENTION AND FAMILY SUPPORT
1 ALDEN AVE
AUGUSTA
,
ME
043300000
PC
UNRESTRICTED
10,000
COASTAL MAINE BOTANICAL GARDENS INC
PO BOX 234
BOOTHBAY
,
ME
04537
PC
2015-2035 MASTER PLAN
1,500,000
COLBY COLLEGE
4130 MAYFLOWER HILL
WATERVILLE
,
ME
049018846
PC
ATHLETICS CENTER
12,500,000
COLBY COLLEGE
4130 MAYFLOWER HILL
WATERVILLE
,
ME
049018846
PC
ART CENTER AND HOTEL
2,000,000
COLBY COLLEGE
4130 MAYFLOWER HILL
WATERVILLE
,
ME
049018846
PC
MAIN STREET HOTEL DEVELOPMENT PROJECT
2,500,000
EAGLES NEST FOUNDATION INCORPORATED
43 HART RD
PISGAH FOREST
,
NC
28768
PC
UNRESTRICTED
2,500
EDUCARE CENTRAL MAINE
97 WATER ST
WATERVILLE
,
ME
049016339
PC
HAROLD ALFOND SCHOLARSHIPS
250,000
FIRST AMENDMENT MUSEUM AT THE GANNETT HOUSE
184 STATE ST
AUGUSTA
,
ME
043306454
PC
UNRESTRICTED
5,000
FOUNDATION FOR A STRONG MAINE ECONOMY
125 COMMUNITY DRIVE SUITE 101
AUGUSTA
,
ME
04330
PC
FOCUSMAINE SUPPORT
1,288,630
FULL PLATES FULL POTENTIAL
15 COTTAGE RD
SOUTH PORTLAND
,
ME
041063650
PC
COVID-19 EMERGENCY FUNDS
100,000
GLOUCESTER MARITIME HERITAGE CENTER
23 HARBOR LOOP
GLOUCESTER
,
MA
019305004
PC
UNRESTRICTED
10,000
GOOD SHEPHERD FOOD BANK
3121 HOTEL ROAD
AUBURN
,
ME
042108398
PC
UNRESTRICTED
10,000
GOOD SHEPHERD FOOD BANK
3121 HOTEL ROAD
AUBURN
,
ME
042108398
PC
FUNDING FOR COVID-19 RESPONSE
1,000,000
HAWTHORNE COMMUNITY ASSOCIATION
PO BOX 185
SOUTH CASCO
,
ME
040770185
PC
UNRESTRICTED
5,000
HUSSON UNIVERSITY
1 COLLEGE CIRCLE
BANGOR
,
ME
04401
PC
COLLEGE OF BUSINESS SUPPORT
2,000,000
JOBS FOR MAINE'S GRADUATES INC
65 STONE STREET
AUGUSTA
,
ME
04330
PC
ENDOWMENT AND COLLEGE & CAREER SUCCESS INITIATIVE
1,081,716
KENNEBEC BEHAVIORAL HEALTH
67 EUSTIS PARKWAY
WATERVILLE
,
ME
04901
PC
OPERATING
2,000
KENTS HILL SCHOOL
PO BOX 257
KENTS HILL
,
ME
043490257
PC
COVID-19 RESPONSE SUPPORT
1,000,000
MAINE CHILDRENS HOME FOR LITTLE WANDERERS
93 SILVER ST
WATERVILLE
,
ME
049015923
PC
SUSTAINABILITY AND STRATEGIC GROWTH PROJECT
138,000
MAINE CHILDRENS HOME FOR LITTLE WANDERERS
93 SILVER ST
WATERVILLE
,
ME
049015923
PC
UNRESTRICTED
15,000
MAINE COMMUNITY FOUNDATION INC
50 MONUMENT SQUARE 6TH FLOOR
PORTLAND
,
ME
04101
PC
MAINE WORKING COMMUNITIES CHALLENGE
100,000
MAINE IRISH HERITAGE CENTER
PO BOX 7588
PORTLAND
,
ME
04112
PC
UNRESTRICTED
5,000
MAINE MARITIME ACADEMY
ADVANCEMENT OFFICE 1 PLEASANT
STREET
CASTINE
,
ME
044200001
PC
ABS CENTER FOR ENGINEERING AND APPLIED RESEARCH
750,000
MAINE MEDICAL CENTER
22 BRAMHALL ST
PORTLAND
,
ME
041023134
PC
UNRESTRICTED
28,000
MAINEGENERAL HEALTH
35 MEDICAL CENTER PARKWAY
AUGUSTA
,
ME
043308160
SO III
CHILDCARE FOR MAINEGENERAL STAFF DURING THE COVID-19 PANDEMIC
200,000
MAINEHEALTH
110 FORE STREET
PORTLAND
,
ME
04101
SO III
THE DEVELOPMENT OF AN INTEGRATED, PATIENT-CENTERED ONCOLOGY SERVICE LINE FOR MAINE
2,000,000
MID COAST HOSPITAL
329 MAINE ST
BRUNSWICK
,
ME
040113310
PC
UNRESTRICTED
20,000
MY BROTHERS KEEPER INC
PO BOX 338
NORTH EASTON
,
MA
023560338
PC
UNRESTRICTED
2,000
NORTHEASTERN UNIVERSITY
360 HUNTINGTON AVE
BOSTON
,
MA
021155005
PC
THE HAROLD ALFOND SCHOLARS INITIATIVE
1,000,000
ROLLINS COLLEGE
1000 HOLT AVENUE
WINTER PARK
,
FL
327894499
PC
THE INNOVATION TRIANGLE
7,000,000
SAINT JOSEPH'S COLLEGE
278 WHITES BRIDGE ROAD
STANDISH
,
ME
04084
PC
CREATING THE CENTER FOR NURSING EXCELLENCE AT SAINT JOSEPH'S COLLEGE
524,142
SPECTRUM GENERATIONS
PO BOX 2589
AUGUSTA
,
ME
043382589
PC
UNRESTRICTED
1,200
SUSAN L CURTIS FOUNDATION
1321 WASHINGTON AVE SUITE 104
PORTLAND
,
ME
04103
PC
CAMP SUSAN CURTIS YOUTH DEVELOPMENT PROGRAM
14,700
THE CAHOON MUSEUM OF AMERICAN ART INC
4676 FALMOUTH RD
COTUIT
,
MA
02635
PC
UNRESTRICTED
25,000
THE CENTER FOR GRIEVING CHILDREN
555 FOREST AVE
PORTLAND
,
ME
041011504
PC
UNRESTRICTED
10,000
THE FOUNDATION FOR MAINE COMMUNITY COLLEGES
323 STATE ST
AUGUSTA
,
ME
043307149
PC
AN INITIATIVE FOR INNOVATION IN WORKFORCE TRAINING AND DELIVERY AT MAINE'S COMMUNITY COLLEGES
1,200,000
THE NATURE CONSERVANCY IN MAINE
14 MAINE STREET SUITE 401
BRUNSWICK
,
ME
04011
PC
UNRESTRICTED
5,000
THE PIONEER INSTITUTE
185 DEVONSHIRE STREET SUITE 1101
BOSTON
,
MA
02110
PC
UNRESTRICTED
12,500
THOMAS COLLEGE
180 W RIVER RD
WATERVILLE
,
ME
049015066
PC
HAROLD ALFOND INSTITUTE FOR BUSINESS INNOVATION
781,166
UNITED WAY OF MID-MAINE INC
105 KENNEDY MEMORIAL DRIVE
WATERVILLE
,
ME
04901
PC
UNRESTRICTED
12,500
UNIVERSITY OF MAINE FOUNDATION
TWO ALUMNI PLACE
ORONO
,
ME
044695792
PC
"THE ALFOND FUND" TO SUPPORT UMAINE ATHLETIC EXCELLENCE
500,000
UNIVERSITY OF MAINE SYSTEM
15 ESTABROOKE DRIVE
ORONO
,
ME
04469
PC
MAINE CENTER FOR GRADUATE PROFESSIONAL STUDIES
1,000,000
UNIVERSITY OF MASSACHUSETTS AMHERST
374 WHITMORE ADMINISTRATION
BUILDING
AMHERST
,
MA
01003
PC
UNRESTRICTED
1,000
WATERVILLE CREATES
10 WATER ST SUITE 106
WATERVILLE
,
ME
04901
PC
2019 -2023 OPERATING SUPPORT
1,000,000
WATERVILLE CREATES
10 WATER ST SUITE 106
WATERVILLE
,
ME
04901
PC
UNRESTRICTED
15,000
WATERVILLE DEVELOPMENT CORPORATION
ONE COMMON STREET
WATERVILLE
,
ME
04901
PC
SUPPORT OF CGI INC.'S BUSINESS EXPANSION TO WATERVILLE
200,000
Total
.................................
3a
51,645,655
b
Approved for future payment
CENTER FOR CURRICULUM REDESIGN
10 JAMAICAWAY 18
JAMAICA PLAIN
,
MA
02130
PC
CYBERPANTHERS CS PATH FOR EDUCATION, EMPLOYABILITY AND LIFE
792,000
7 LAKES ALLIANCE
PO BOX 250
BELGRADE LAKES
,
ME
049180250
PC
2020/2021 CAPACITY-BUILDING INITIATIVE
125,000
COLBY COLLEGE
4130 MAYFLOWER HILL
WATERVILLE
,
ME
049018846
PC
ATHLETICS CENTER
7,500,000
FOUNDATION FOR A STRONG MAINE ECONOMY
125 COMMUNITY DRIVE SUITE 101
AUGUSTA
,
ME
04330
PC
FOCUSMAINE SUPPORT
3,895,768
NORTHEASTERN UNIVERSITY
360 HUNTINGTON AVE
BOSTON
,
MA
021155005
PC
THE HAROLD ALFOND SCHOLARS INITIATIVE
99,000,000
THE JACKSON LABORATORY
600 MAIN ST
BAR HARBOR
,
ME
04609
PC
MAINE CANCER GENOMICS INITIATIVE 2.0
11,924,000
THOMAS COLLEGE
180 W RIVER RD
WATERVILLE
,
ME
049015066
PC
CATALYZING GROWTH IN CENTRAL MAINE AND BEYOND
13,500,000
UNIVERSITY OF MAINE FOUNDATION
TWO ALUMNI PLACE
ORONO
,
ME
044695792
PC
UNIVERSITY OF MAINE ATHLETICS MASTER FACILITIES PLAN
90,000,000
UNIVERSITY OF MAINE SYSTEM
15 ESTABROOKE DRIVE
ORONO
,
ME
04469
PC
REVITALIZING THE UNIVERSITY OF MAINE SYSTEM: STUDENT SUCCESS AND RETENTION; THE GRADUATE AND PROFESSIONAL CENTER, AND THE MAINE COLLEGE OF ENGINEERING, COMPUTING, AND INFORMATION SCIENCE
150,000,000
UNIVERSITY OF NEW ENGLAND
11 HILLS BEACH RD
BIDDEFORD
,
ME
04005
PC
THE INSTITUTE FOR INTERPROFESSIONAL EDUCATION & PRACTICE AT UNE
30,000,000
Total
.................................
3b
406,736,768
Form
990-PF
(2020)
Form 990-PF (2020)
Page
12
Part XVI-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated.
Unrelated business income
Excluded by section 512, 513, or 514
(e)
Related or exempt
function income
(See instructions.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
14
1,991,853
4
Dividends and interest from securities
....
14
8,105,547
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not debt-financed property
.....
6
Net rental income or (loss) from personal property
7
Other investment income
.....
14
5,795,558
8
Gain or (loss) from sales of assets other than
inventory
............
900099
2,558,571
18
25,208,492
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
b
c
d
e
12
Subtotal. Add columns (b), (d), and (e)
..
2,558,571
41,101,450
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
43,660,021
(See worksheet in line 13 instructions to verify calculations.)
Part XVI-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
1
NOT APPLICABLE
Form
990-PF
(2020)
Form 990-PF (2020)
Page
13
Part XVII
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1)
Cash
...................................
1a(1)
No
(2)
Other assets
.................................
1a(2)
No
b
Other transactions:
(1)
Sales of assets to a noncharitable exempt organization
....................
1b(1)
No
(2)
Purchases of assets from a noncharitable exempt organization
..................
1b(2)
No
(3)
Rental of facilities, equipment, or other assets
.......................
1b(3)
No
(4)
Reimbursement arrangements
...........................
1b(4)
No
(5)
Loans or loan guarantees
.............................
1b(5)
No
(6)
Performance of services or membership or fundraising solicitations
................
1b(6)
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees
..............
1c
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column
(b)
should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column
(d)
the value of the goods, other assets, or services received.
(a)
Line No.
(b)
Amount involved
(c)
Name of noncharitable exempt organization
(d)
Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527?
...........
Yes
No
b
If "Yes," complete the following schedule.
(a)
Name of organization
(b)
Type of organization
(c)
Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's Signature
Date
Check if self-
employed
PTIN
Firm's name
Firm's EIN
Firm's address
Phone no.
Form
990-PF
(2020)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description
Form 990PF Part XV Line 3 - Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient
If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
a
Paid during the year
7 LAKES ALLIANCE
PO BOX 250
BELGRADE LAKES
,
ME
049180250
PC
2020/2021 CAPACITY-BUILDING INITIATIVE
100,000
ALFOND SCHOLARSHIP FOUNDATION
482 CONGRESS ST STE 303
PORTLAND
,
ME
041013437
SO I
OPERATIONS
787,820
ALFOND SCHOLARSHIP FOUNDATION
482 CONGRESS ST STE 303
PORTLAND
,
ME
041013437
SO I
ASF SCHOLARSHIP PAYMENTS
5,848,240
ALFOND SCHOLARSHIP FOUNDATION
482 CONGRESS ST STE 303
PORTLAND
,
ME
041013437
SO I
QUARTERLY FAME EXPENSES
303,181
ALFOND YOUTH & COMMUNITY CENTER
126 NORTH STREET
WATERVILLE
,
ME
04901
PC
STRATEGIC LONG TERM CAPITAL AND DEVELOPMENT SUSTAINABILITY AT THE ALFOND YOUTH CENTER
492,950
ALFOND YOUTH & COMMUNITY CENTER
126 NORTH STREET
WATERVILLE
,
ME
04901
PC
WATERVILLE CAL RIPKEN LEAGUE
150
ALFOND YOUTH & COMMUNITY CENTER
126 NORTH STREET
WATERVILLE
,
ME
04901
PC
WELLNESS PROJECT
1,265,760
AMERICAN UNIVERSITY IN BULGARIA
910 17TH ST NW SUITE 1100
WASHINGTON
,
DC
20006
PC
UNRESTRICTED
10,000
AROOSTOOK MENTAL HEALTH SERVICES INC
PO BOX 1018
CARIBOU
,
ME
04736
PC
AROOSTOOK TEEN LEADERSHIP CAMP (ATLC) PROGRAM
2,500
BELGRADE REGIONAL HEALTH CENTER
PO BOX 304
BELGRADE LAKES
,
ME
049180304
PC
UNRESTRICTED
15,000
BETH ISRAEL CONGREGATION - BATH
906 WASHINGTON ST
BATH
,
ME
045302653
PC
UNRESTRICTED
2,000
BETH ISRAEL CONGREGATION - WATERVILLE
291 MAIN STREET
WATERVILLE
,
ME
04903
PC
OPERATIONS
50,000
BOSTON SYMPHONY ORCHESTRA INC
301 MASS AVENUE
BOSTON
,
MA
021154557
PC
UNRESTRICTED
40,000
BRUNSWICK COMMUNITY EDUCATION FOUNDATION
PO BOX 1042
BRUNSWICK
,
ME
040111042
PC
UNRESTRICTED
5,000
CATHANCE RIVER EDUCATION ALLIANCE
PO BOX 187
TOPSHAM
,
ME
040860187
PC
UNRESTRICTED
5,000
CENTER FOR CURRICULUM REDESIGN
10 JAMAICAWAY 18
JAMAICA PLAIN
,
MA
02130
PC
CYBERPANTHERS CS PATH FOR EDUCATION, EMPLOYABILITY AND LIFE
893,000
CHILDREN'S CENTER EARLY INTERVENTION AND FAMILY SUPPORT
1 ALDEN AVE
AUGUSTA
,
ME
043300000
PC
UNRESTRICTED
10,000
COASTAL MAINE BOTANICAL GARDENS INC
PO BOX 234
BOOTHBAY
,
ME
04537
PC
2015-2035 MASTER PLAN
1,500,000
COLBY COLLEGE
4130 MAYFLOWER HILL
WATERVILLE
,
ME
049018846
PC
ATHLETICS CENTER
12,500,000
COLBY COLLEGE
4130 MAYFLOWER HILL
WATERVILLE
,
ME
049018846
PC
ART CENTER AND HOTEL
2,000,000
COLBY COLLEGE
4130 MAYFLOWER HILL
WATERVILLE
,
ME
049018846
PC
MAIN STREET HOTEL DEVELOPMENT PROJECT
2,500,000
EAGLES NEST FOUNDATION INCORPORATED
43 HART RD
PISGAH FOREST
,
NC
28768
PC
UNRESTRICTED
2,500
EDUCARE CENTRAL MAINE
97 WATER ST
WATERVILLE
,
ME
049016339
PC
HAROLD ALFOND SCHOLARSHIPS
250,000
FIRST AMENDMENT MUSEUM AT THE GANNETT HOUSE
184 STATE ST
AUGUSTA
,
ME
043306454
PC
UNRESTRICTED
5,000
FOUNDATION FOR A STRONG MAINE ECONOMY
125 COMMUNITY DRIVE SUITE 101
AUGUSTA
,
ME
04330
PC
FOCUSMAINE SUPPORT
1,288,630
FULL PLATES FULL POTENTIAL
15 COTTAGE RD
SOUTH PORTLAND
,
ME
041063650
PC
COVID-19 EMERGENCY FUNDS
100,000
GLOUCESTER MARITIME HERITAGE CENTER
23 HARBOR LOOP
GLOUCESTER
,
MA
019305004
PC
UNRESTRICTED
10,000
GOOD SHEPHERD FOOD BANK
3121 HOTEL ROAD
AUBURN
,
ME
042108398
PC
UNRESTRICTED
10,000
GOOD SHEPHERD FOOD BANK
3121 HOTEL ROAD
AUBURN
,
ME
042108398
PC
FUNDING FOR COVID-19 RESPONSE
1,000,000
HAWTHORNE COMMUNITY ASSOCIATION
PO BOX 185
SOUTH CASCO
,
ME
040770185
PC
UNRESTRICTED
5,000
HUSSON UNIVERSITY
1 COLLEGE CIRCLE
BANGOR
,
ME
04401
PC
COLLEGE OF BUSINESS SUPPORT
2,000,000
JOBS FOR MAINE'S GRADUATES INC
65 STONE STREET
AUGUSTA
,
ME
04330
PC
ENDOWMENT AND COLLEGE & CAREER SUCCESS INITIATIVE
1,081,716
KENNEBEC BEHAVIORAL HEALTH
67 EUSTIS PARKWAY
WATERVILLE
,
ME
04901
PC
OPERATING
2,000
KENTS HILL SCHOOL
PO BOX 257
KENTS HILL
,
ME
043490257
PC
COVID-19 RESPONSE SUPPORT
1,000,000
MAINE CHILDRENS HOME FOR LITTLE WANDERERS
93 SILVER ST
WATERVILLE
,
ME
049015923
PC
SUSTAINABILITY AND STRATEGIC GROWTH PROJECT
138,000
MAINE CHILDRENS HOME FOR LITTLE WANDERERS
93 SILVER ST
WATERVILLE
,
ME
049015923
PC
UNRESTRICTED
15,000
MAINE COMMUNITY FOUNDATION INC
50 MONUMENT SQUARE 6TH FLOOR
PORTLAND
,
ME
04101
PC
MAINE WORKING COMMUNITIES CHALLENGE
100,000
MAINE IRISH HERITAGE CENTER
PO BOX 7588
PORTLAND
,
ME
04112
PC
UNRESTRICTED
5,000
MAINE MARITIME ACADEMY
ADVANCEMENT OFFICE 1 PLEASANT
STREET
CASTINE
,
ME
044200001
PC
ABS CENTER FOR ENGINEERING AND APPLIED RESEARCH
750,000
MAINE MEDICAL CENTER
22 BRAMHALL ST
PORTLAND
,
ME
041023134
PC
UNRESTRICTED
28,000
MAINEGENERAL HEALTH
35 MEDICAL CENTER PARKWAY
AUGUSTA
,
ME
043308160
SO III
CHILDCARE FOR MAINEGENERAL STAFF DURING THE COVID-19 PANDEMIC
200,000
MAINEHEALTH
110 FORE STREET
PORTLAND
,
ME
04101
SO III
THE DEVELOPMENT OF AN INTEGRATED, PATIENT-CENTERED ONCOLOGY SERVICE LINE FOR MAINE
2,000,000
MID COAST HOSPITAL
329 MAINE ST
BRUNSWICK
,
ME
040113310
PC
UNRESTRICTED
20,000
MY BROTHERS KEEPER INC
PO BOX 338
NORTH EASTON
,
MA
023560338
PC
UNRESTRICTED
2,000
NORTHEASTERN UNIVERSITY
360 HUNTINGTON AVE
BOSTON
,
MA
021155005
PC
THE HAROLD ALFOND SCHOLARS INITIATIVE
1,000,000
ROLLINS COLLEGE
1000 HOLT AVENUE
WINTER PARK
,
FL
327894499
PC
THE INNOVATION TRIANGLE
7,000,000
SAINT JOSEPH'S COLLEGE
278 WHITES BRIDGE ROAD
STANDISH
,
ME
04084
PC
CREATING THE CENTER FOR NURSING EXCELLENCE AT SAINT JOSEPH'S COLLEGE
524,142
SPECTRUM GENERATIONS
PO BOX 2589
AUGUSTA
,
ME
043382589
PC
UNRESTRICTED
1,200
SUSAN L CURTIS FOUNDATION
1321 WASHINGTON AVE SUITE 104
PORTLAND
,
ME
04103
PC
CAMP SUSAN CURTIS YOUTH DEVELOPMENT PROGRAM
14,700
THE CAHOON MUSEUM OF AMERICAN ART INC
4676 FALMOUTH RD
COTUIT
,
MA
02635
PC
UNRESTRICTED
25,000
THE CENTER FOR GRIEVING CHILDREN
555 FOREST AVE
PORTLAND
,
ME
041011504
PC
UNRESTRICTED
10,000
THE FOUNDATION FOR MAINE COMMUNITY COLLEGES
323 STATE ST
AUGUSTA
,
ME
043307149
PC
AN INITIATIVE FOR INNOVATION IN WORKFORCE TRAINING AND DELIVERY AT MAINE'S COMMUNITY COLLEGES
1,200,000
THE NATURE CONSERVANCY IN MAINE
14 MAINE STREET SUITE 401
BRUNSWICK
,
ME
04011
PC
UNRESTRICTED
5,000
THE PIONEER INSTITUTE
185 DEVONSHIRE STREET SUITE 1101
BOSTON
,
MA
02110
PC
UNRESTRICTED
12,500
THOMAS COLLEGE
180 W RIVER RD
WATERVILLE
,
ME
049015066
PC
HAROLD ALFOND INSTITUTE FOR BUSINESS INNOVATION
781,166
UNITED WAY OF MID-MAINE INC
105 KENNEDY MEMORIAL DRIVE
WATERVILLE
,
ME
04901
PC
UNRESTRICTED
12,500
UNIVERSITY OF MAINE FOUNDATION
TWO ALUMNI PLACE
ORONO
,
ME
044695792
PC
"THE ALFOND FUND" TO SUPPORT UMAINE ATHLETIC EXCELLENCE
500,000
UNIVERSITY OF MAINE SYSTEM
15 ESTABROOKE DRIVE
ORONO
,
ME
04469
PC
MAINE CENTER FOR GRADUATE PROFESSIONAL STUDIES
1,000,000
UNIVERSITY OF MASSACHUSETTS AMHERST
374 WHITMORE ADMINISTRATION
BUILDING
AMHERST
,
MA
01003
PC
UNRESTRICTED
1,000
WATERVILLE CREATES
10 WATER ST SUITE 106
WATERVILLE
,
ME
04901
PC
2019 -2023 OPERATING SUPPORT
1,000,000
WATERVILLE CREATES
10 WATER ST SUITE 106
WATERVILLE
,
ME
04901
PC
UNRESTRICTED
15,000
WATERVILLE DEVELOPMENT CORPORATION
ONE COMMON STREET
WATERVILLE
,
ME
04901
PC
SUPPORT OF CGI INC.'S BUSINESS EXPANSION TO WATERVILLE
200,000
Total
...............................
3a
51,645,655
b
Approved for future payment
CENTER FOR CURRICULUM REDESIGN
10 JAMAICAWAY 18
JAMAICA PLAIN
,
MA
02130
PC
CYBERPANTHERS CS PATH FOR EDUCATION, EMPLOYABILITY AND LIFE
792,000
7 LAKES ALLIANCE
PO BOX 250
BELGRADE LAKES
,
ME
049180250
PC
2020/2021 CAPACITY-BUILDING INITIATIVE
125,000
COLBY COLLEGE
4130 MAYFLOWER HILL
WATERVILLE
,
ME
049018846
PC
ATHLETICS CENTER
7,500,000
FOUNDATION FOR A STRONG MAINE ECONOMY
125 COMMUNITY DRIVE SUITE 101
AUGUSTA
,
ME
04330
PC
FOCUSMAINE SUPPORT
3,895,768
NORTHEASTERN UNIVERSITY
360 HUNTINGTON AVE
BOSTON
,
MA
021155005
PC
THE HAROLD ALFOND SCHOLARS INITIATIVE
99,000,000
THE JACKSON LABORATORY
600 MAIN ST
BAR HARBOR
,
ME
04609
PC
MAINE CANCER GENOMICS INITIATIVE 2.0
11,924,000
THOMAS COLLEGE
180 W RIVER RD
WATERVILLE
,
ME
049015066
PC
CATALYZING GROWTH IN CENTRAL MAINE AND BEYOND
13,500,000
UNIVERSITY OF MAINE FOUNDATION
TWO ALUMNI PLACE
ORONO
,
ME
044695792
PC
UNIVERSITY OF MAINE ATHLETICS MASTER FACILITIES PLAN
90,000,000
UNIVERSITY OF MAINE SYSTEM
15 ESTABROOKE DRIVE
ORONO
,
ME
04469
PC
REVITALIZING THE UNIVERSITY OF MAINE SYSTEM: STUDENT SUCCESS AND RETENTION; THE GRADUATE AND PROFESSIONAL CENTER, AND THE MAINE COLLEGE OF ENGINEERING, COMPUTING, AND INFORMATION SCIENCE
150,000,000
UNIVERSITY OF NEW ENGLAND
11 HILLS BEACH RD
BIDDEFORD
,
ME
04005
PC
THE INSTITUTE FOR INTERPROFESSIONAL EDUCATION & PRACTICE AT UNE
30,000,000
Total
................................
3b
406,736,768