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 125 reported grant relationships connected to this organization totaling approximately $19.7M.

EIN: 016011501 Orono, ME Latest filing: 2024
Total Revenue$60.4M
Total Expenses$31.1M
Total Assets$458.3M
Grant Records125
Funding Total$19.7M
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.

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

For grant recipient's exempt purposes
$6,356,425 9 grants
GENERAL SUPPORT
$4,223,684 13 grants
EDUCATION
$2,027,167 16 grants
TO SUPPORT SCHOLARSHIPS
$1,000,000 1 grant
FOR RECIPIENT'S EXEMPT PURPOSE
$865,500 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.

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