Mission
The ASF mission is to provide incentive scholarship grants to Maine children for their higher education and to support Maine's children's aspirations and access to, and preparation for, higher education.
Public Charity
Alfond Scholarship Foundation
Based in Portland, ME, Alfond Scholarship Foundation operates as a Public Charity. The organization reported $7.6M in revenue, $7.5M in expenses, $1.8M in total assets for fiscal year 2025.
EIN: 261765514
Portland, ME
Scholarships & Student Financial Aid
NTEE: B82
Latest filing: 2025
Total Revenue$7.6M
Total Expenses$7.5M
Total Assets$1.8M
Grant Records0
Filing Years2020–2025
Where $100 goes at Alfond Scholarship Foundation
How Alfond Scholarship Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$96
Programs
the work itself
$4
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $96 for programs
$96
The ASF is responsible for oversight, promotion, and financial support of the Harold Alfond College Challenge program (also known as the My Alfond Grant Program)
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
Director
Amanda Vamvakias Rand
Director
Anne Swift-Kayatta
Director
Carlos Mello
Director
Christina Cuthbert
President/CEO
Colleen Quint
Director
Dannel Malloy
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $7.6M | $7.5M | $1.8M |
| 2024 | $7.2M | $7.3M | $1.7M |
| 2023 | $7.2M | $7.4M | $1.8M |
| 2021 | $7.1M | $7.1M | $1.8M |
| 2020 | $7.0M | $7.0M | $1.8M |
Between 2020 and 2025, reported annual revenue grew from $7.0M to $7.6M (+9%), with total assets most recently reported at $1.8M.
Interactive year-over-year charts and full filing details available with membership.