Harold Alfond Foundation announces $500 million in grants

Harold Alfond Foundation announces $500 million in grants

The Harold Alfond Foundation in Portland, Maine, has announced grants and investments totaling more than $500 million to help grow the state's workforce and economy.

Ranging from $5 million to $240 million, the investments build on the foundation's long-standing commitment to helping Mainers thrive. Grant recipients include the University of Maine System, the Roux Institute at Northeastern University, the University of New England, Thomas College, FocusMaine, Colby College, Waterville Creates!, and Jackson Laboratory.

Organizations receiving grants will use the funds to upgrade the skills of workers in Maine, promote innovation and entrepreneurship, and strengthen infrastructure in support of the state's ten-year economic development strategy. To that end, individual grants will support the establishment of an Institute for Interprofessional Education and Practice and the relocation of the UNE College of Osteopathic Medicine from Biddeford to Portland; the expansion of statewide programming aimed at accelerating high-quality job growth in the life sciences, aquaculture, and agriculture; and a broadening of the scope of the Maine Cancer Genomics Initiative, with a focus on improving patient access to genomic therapies and clinical trials and the creation of new digital tools to enable the provision of genetic services in rural settings.

"Our state faces unprecedented challenges," said Alfond Foundation chair Greg Powell. "In the face of these challenges, we still see a bright, prosperous future for the people of Maine. Today's grants are to vital, high-performing Maine institutions who will help build that future."

"Harold Alfond Foundation invests $500 million in Maine and its people." Harold Alfond Foundation press release 10/06/2020.