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EIN 01-6011501

University of Maine Foundation

IRS 501(c) type
501(c)(3)
Num. employees
45
City
Orono
State
Maine
Year formed
1934
Most recent tax filings
2023-12-01
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
Description
The University of Maine Foundation's mission is to fundraise and manage endowments, distributing gifts and endowment income for the benefit of the University of Maine and other qualified charities. As a separate organization, it collaborates with all entities to encourage philanthropic support and ensure donors' wishes are carried out. Its programs include distributing gifts and endowment income for scholarships and general support.
Total revenues
$64,724,867
2023
Total expenses
$32,864,307
2023
Total assets
$390,581,135
2023
Num. employees
45
2023

Program areas at University of Maine Foundation

Gifts and endowment income distributed for scholarships and general support for the benefit of the University of Maine
Distributions of gifts and endowment income to other qualified charities
Distributions to trust, gift annuity and pooled income fund participants

Grants made by University of Maine Foundation

GranteeGrant descriptionAmount
University of Maine SystemDistributions in Support of the University of Maine$17,733,212
University of Maine SystemGifts Transferred To the University of Maine$6,967,792
Ahavas Achim Society of Brotherly LoveGeneral$54,000

Who funds University of Maine Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Harold Alfond FoundationUniversity of Maine Athletics Master Facilities Plan$4,000,000
Community Foundation of the LowcountryTo Support Scholarships$1,000,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$793,354
...and 73 more grants received totalling $11,139,201

Personnel at University of Maine Foundation

NameTitleCompensation
Jeffery MillsPresident and Chief Executive Officer$374,660
Kevin FrazierChief Financial Officer$184,613
Elizabeth EricksonSenior Director of Philanthropy$165,462
Joyce KennedySenior Director of Southern Maine Operations$153,719
Pat CummingsSenior Director of Philanthropy
...and 3 more key personnel

Financials for University of Maine Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$47,767,800
Program services$3,837,796
Investment income and dividends$3,377,931
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$9,557,270
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$184,070
Total revenues$64,724,867

Form 990s for University of Maine Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-12990View PDF
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2021-062022-05-10990View PDF
2020-062021-05-26990View PDF
...and 10 more Form 990s
Data update history
January 14, 2025
Received grants
Identified 21 new grant, including a grant for $599,993 from Maine Community Foundation
January 4, 2025
Posted financials
Added Form 990 for fiscal year 2023
October 20, 2024
Received grants
Identified 5 new grant, including a grant for $50,000 from Cathy and George Sakellaris Family Foundation
August 16, 2024
Updated personnel
Identified 72 new personnel
July 15, 2024
Received grants
Identified 18 new grant, including a grant for $1,000,000 from Community Foundation of the Lowcountry
Nonprofit Types
Grantmaking organizationsSchoolsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Operates donor advised fundsProvides grantsLobbyingPeer-to-peer fundraisingOperates internationallyState / local levelEndowed supportTax deductible donationsAccepts online donations
General information
Address
2 Alumni Pl
Orono, ME 04469
Metro area
Bangor, ME
County
Penobscot County, ME
Website URL
umainefoundation.org/ 
Phone
(207) 581-5100
Facebook page
umainefoundation 
Twitter profile
@umainef 
IRS details
EIN
01-6011501
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1934
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
CT0245426
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2025-03-19
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