EIN 01-6011501

University of Maine Foundation

IRS 501(c) type
501(c)(3)
Num. employees
46
City
State
Year formed
1934
Most recent tax filings
2022-12-01
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
$40,999,640
2022
Total expenses
$44,550,845
2022
Total assets
$326,235,305
2022
Num. employees
46
2022

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 SystemGeneral$30,980,924
University of Maine SystemGifts Transferred To University Pursuant To the Development Service Agreement.$5,964,805
Ahavas Achim Society of Brotherly LoveGeneral$19,000

Who funds University of Maine Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Harold Alfond FoundationUniversity of Maine Athletics Master Facilities Plan$2,000,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$836,212
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$836,212
...and 69 more grants received totalling $6,862,906

Personnel at University of Maine Foundation

NameTitleCompensation
Jeff MillsPresident and Chief Executive Officer
Jeffery N. Mills, PH.D.President and CEO$347,081
Kevin FrazierChief Financial Officer$174,810
Monique HasheySenior Director of Annual Giving, Marketing, and Events$104,091
Elizabeth EricksonSenior Director of Philanthropy$156,722
...and 17 more key personnel

Financials for University of Maine Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$24,976,069
Program services$3,745,055
Investment income and dividends$2,862,908
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$9,408,244
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$7,364
Total revenues$40,999,640

Form 990s for University of Maine Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2021-062022-05-10990View PDF
2020-062021-05-26990View PDF
2019-062021-01-21990View PDF
...and 9 more Form 990s
Data update history
April 24, 2024
Updated personnel
Identified 2 new personnel
March 24, 2024
Used new vendors
Identified 1 new vendor, including
February 4, 2024
Received grants
Identified 1 new grant, including a grant for $9,419 from Tua William P Viles Charitable
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 18, 2024
Updated personnel
Identified 2 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Operates donor advised fundsProvides grantsLobbyingPeer-to-peer fundraisingOperates internationallyState / local levelEndowed supportTax deductible 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
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