UNIVERSITY OF MAINE FOUNDATION

ORONO, ME, 04469-5792 (207) 581-5100 Est. 1934 EIN 01-6011501
B110— Education Form 990 501(c)(3)
www.umainefoundation.org

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.

Giving Portfolio

Total Grants
44
Total Giving
$123.7M
Recipients
38
Years Active
2017 - 2024
Avg grant: $3,541,082 Median: $29,462

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20246$22.2M $3.7M14
20235$24.8M $5.0M04
20225$37.0M $7.4M04
20205$14.2M $2.8M04
201915$14.4M $958K104
20178$11.1M $1.4M70

Sectors Funded

Education
13
Mutual & Membership Benefit
6
Philanthropy & Grantmaking
2
Food, Agriculture & Nutrition
1
Religion-Related
1
Youth Development
1

Top States

Maine
42
Georgia
1
Michigan
1

Grantee Size Profile

Under $100K
6
$1M - $5M
4
$100K - $500K
3
$5M - $10M
1
$10M - $50M
1
Over $50M
1

Top Grantees

Page 1 of 2
$122.3M
Bangor School Department
ME
$248K
United Methodist Church
ME - 6 grants
$118K
Town of Searsmont
ME - 6 grants
$56K

Grants Awarded · 30 grants

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Financials

Total Revenue
$60,444,315
Total Expenses
$31,070,426
Net Assets
$447,093,141
48 employees 50 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
10+ years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 6.6%
Expenses ↓ 5.5%
Revenue Sources
Contributions 79.6% Earned revenue 6.5% Investment 14.0%
Expense Breakdown
Program 78.2% Management 8.5% Fundraising 13.3%

Officers & Trustees (17)

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Filing History (6 filings)

YearRevenueExpensesNet Assets
2024 Form 990
Jan 1, 2024 to Dec 31, 2024
$60,444,315 $31,070,426$447,093,141
2023 Form 990
Jan 1, 2023 to Dec 31, 2023
$64,724,867 $32,864,307$378,505,490
2022 Form 990
Jan 1, 2022 to Dec 31, 2022
$40,999,640 $44,550,845$316,872,718
2020 Form 990
Jul 1, 2020 to Jun 30, 2021
$51,911,153 $21,203,434$360,846,819
2019 Form 990
Jul 1, 2019 to Jun 30, 2020
$29,959,058 $21,628,075$275,804,187
2017 Form 990
Jul 1, 2017 to Jun 30, 2018
$40,850,778 $17,883,907$256,211,867

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EIN: 01-6011501 · Source: IRS Form 990 e-file data