Public Charity

University of Maine Foundation

Based in Orono, ME, University of Maine Foundation operates as a Public Charity. The organization reported $60.4M in revenue, $31.1M in expenses, $458.3M in total assets for fiscal year 2024. Imperigo tracks 132 reported grant relationships connected to this organization totaling approximately $20.4M.

EIN: 016011501 Orono, ME Single Organization Support NTEE: B11 Latest filing: 2024
Total Revenue$60.4M
Total Expenses$31.1M
Total Assets$458.3M
Grant Records132
Funding Total$20.4M
Filing Years2020–2024

Mission

The University of Maine Foundation, acting as a separate organization, will work collaboratively with all entities to encourage philanthropic support for the University of Maine and other charitable organizations while carrying out the donor's wishes in perpetuity.

Where $100 goes at University of Maine Foundation

How University of Maine Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$78 Programs the work itself
$9 Management running the organization
$13 Fundraising raising the next dollar

Inside the $78 for programs

$76
Gifts and endowment income distributed for scholarships and general support for the benefit of the University of Maine
98% of program spending
$1
Distributions to trust, gift annuity and pooled income fund participants
1% of program spending
$1
Distributions of gifts and endowment income to other qualified charities
1% of program spending
Share on LinkedIn Share on Facebook
Add this to your website

Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Director Beth L Sturtevant
Director Christopher P Keating
Director David M Austin
Director Donna L Hathaway
Director Dorothy Foster Vachon
Senior Director of Philanthropy Elizabeth M Erickson

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$13,521,455 63 grants
Education
$5,402,225 36 grants
Human & Social Services
$414,903 1 grant
Environment & Conservation
$349,000 6 grants
Health & Medicine
$60,000 3 grants

Financial Trends

Year Revenue Expenses Assets
2024 $60.4M $31.1M $458.3M
2023 $64.7M $32.9M $390.6M
2022 $41.0M $44.6M $326.2M
2021 $51.9M $21.2M $367.9M
2020 $30.0M $21.6M $282.8M

Between 2020 and 2024, reported annual revenue grew from $30.0M to $60.4M (+102%), with total assets most recently reported at $458.3M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for University of Maine Foundation

Complete financials, all 132 grant records, officer compensation, year-over-year trend charts, a geographic grant map, and data exports — across 880,000+ organizations.

Full Financial History Complete Grant Activity Officer Compensation Year-over-Year Charts Geographic Grant Map Data Exports
7-day free trial Cancel any time