Harold Alfond Foundation funding supports Maine Center
University Of Southern MaineHigher Ed · Portland, ME- Disclosed value
- $55 million (including $15 million for programmatic increases and $40 million for capital and space improvements); part of an overall increase from $240 million to $320 million with goal to leverage up to $500 million total with matching funds
- From minutes
- Document date
- Apr 30, 2025
- Renews
- Free account
The 30-second brief
The University of Maine System continues to receive substantial grant support from the Harold Alfond Foundation for the Maine Center, including a $55 million allocation for programmatic and capital improvements. The Alfond commitment has grown from $240 million to $320 million, with Maine Center-related funding expected to run through about fiscal 2034 and to be leveraged toward a $500 million overall funding goal.
Harold Alfond Foundation holds this financial services contract with University Of Southern Maine. Its other public contracts on record include work for University of MSBT|Audit Committee and University Of Maine-System Central Office.
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Contract details
- Contract type
- Financial Services
- Amount
- $55 million (including $15 million for programmatic increases and $40 million for capital and space improvements); part of an overall increase from $240 million to $320 million with goal to leverage up to $500 million total with matching funds
- Document date
- April 30, 2025
- Term
- Through approximately fiscal year 2034 for Maine Center program and position support
- Renews
- On record
- Vendor
- Harold Alfond Foundation
- Source document
- university-of-southern-maine-fft-committee-minutes-fy26-budget-maine-center-capital-energy-apr-30-2025_8c1.md (Minutes)
Harold Alfond Foundation's other public contracts
More University Of Southern Maine contracts
Questions about this contract
Who was awarded the financial services contract by University Of Southern Maine?
Harold Alfond Foundation was awarded this financial services contract by University Of Southern Maine, as recorded on April 30, 2025. The contract value is $55 million (including $15 million for programmatic increases and $40 million for capital and space improvements); part of an overall increase from $240 million to $320 million with goal to leverage up to $500 million total with matching funds.
How much is the Harold Alfond Foundation contract with University Of Southern Maine worth?
The Harold Alfond Foundation contract with University Of Southern Maine is valued at $55 million (including $15 million for programmatic increases and $40 million for capital and space improvements); part of an overall increase from $240 million to $320 million with goal to leverage up to $500 million total with matching funds, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in university-of-southern-maine-fft-committee-minutes-fy26-budget-maine-center-capital-energy-apr-30-2025_8c1.md (Minutes), dated April 30, 2025 from University Of Southern Maine. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Harold Alfond Foundation hold?
Harold Alfond Foundation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is University Of Southern Maine currently buying?
Explore University Of Southern Maine's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.