Details emerge on use of $500M in grants from Harold Alfond Foundation

The University of Maine System said Wednesday it will receive nearly half of the $500 million recently pledged in charitable grants to Maine schools and organizations by the Harold Alfond Foundation, making the UMS gift one of the largest ever to a U.S. public college or university.

Maine’s six-university system will receive $240 million from the foundation over 12 years, and plans to use the money to fund a new engineering college, a graduate facility, scholarships, athletics and more, according to a news release.

The grant is the largest ever to a public institute of higher education in New England and the eighth-largest to a U.S. public institute. Read more

Related Posts

On the Record: Roux Institute’s Lars Perkins helps startups take off

Lars Perkins, a former software entrepreneur, Google executive and certified flight instructor who once flew planes for lifesaving “adventure philanthropy,” is managing...

28 November 2022

UNE to begin building new medical school at Portland campus

The University of New England is about to start a $93 million project to move the state’s only medical school from...

28 November 2022

Portland Planning Board recommends zoning changes for Roux Institute redevelopment

The Portland Planning Board is recommending that the city adopt zoning changes requested by the developers of a new graduate school...

22 November 2022