university-of-maine-system-central-office-meeting-minutes-2023-03-26_25f.pdf
UMS Secures $75M Harold Alfond Foundation Grant for Engineering
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Description
The Harold Alfond Foundation is providing a $75 million, 12-year grant to support engineering infrastructure, scholarships, faculty, and operations as part of a larger $240 million investment in UMS TRANSFORMS initiatives.
Contract Details
Contract Amount
$75 million over 12 years (2022-2033); part of a $240 million investment
Vendor
HAROLD ALFOND FOUNDATION
Agency
University Of Maine-System Central Office, ME
Contract Type
FINANCIAL_SERVICES
Document Date
March 26, 2023
Contract Term
12 years (2022–2033)
Renewal Date
2033-12-31
Renewal Info
No auto-renewal; grant period from 2022 through 2033 as part of broader philanthropic support.
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