Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2010
For calendar year 2010, or tax year beginning 01-01-2010 , and ending 12-31-2010
G
Check all that apply:
Name of foundation
HAROLD ALFOND FOUNDATION
C/O DEXTER ENTERPRISES INC

Number and street (or P.O. box number if mail is not delivered to street address)TWO MONUMENT SQUARE   Room/suite
City or town, state, and ZIP code
PORTLAND, ME04101
A Employer identification number

22-3281672
B Telephone number (see page 10 of the instructions)

(207) 828-7999
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$608,162,930J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 8,981,054
2 Check bullet
3 Interest on savings and temporary cash investments 3,830,855 3,435,461  
4 Dividends and interest from securities...... 1,851,832 1,851,832  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -8,319,003
b Gross sales price for all assets on line 6a 188,074,280
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 53,839 47,729  
12 Total. Add lines 1 through 11........ 6,398,577 5,335,022  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 10,876 0   10,876
b Accounting fees (attach schedule)....... Click to see attachment 20,725 8,290   12,435
c Other professional fees (attach schedule).... Click to see attachment 1,738,576 1,321,709   416,867
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 185,737 133,737   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 3,106 0   3,106
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 459,483 358,218   7,160
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,418,503 1,821,954   450,444
25 Contributions, gifts, grants paid........ 10,269,723 10,269,723
26 Total expenses and disbursements. Add lines 24 and 25 12,688,226 1,821,954   10,720,167
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -6,289,649
b Net investment income (if negative, enter -0-) 3,513,068
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 33,254,637 362,727 362,727
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 27,694,420 Click to see attachment361,278 10,231
b Investments—corporate stock (attach schedule)........ 468,465,833 Click to see attachment454,371,960 419,048,655
c Investments—corporate bonds (attach schedule)........ 44,272,603 Click to see attachment41,988,034 43,588,641
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 70,916,053 Click to see attachment142,082,760 145,144,068
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment5,370 Click to see attachment8,608 Click to see attachment8,608
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 644,608,916 639,175,367 608,162,930
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................   856,100
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 856,100
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 644,608,916 638,319,267
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see page 17 of the
instructions).................... 644,608,916 638,319,267
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 644,608,916 639,175,367
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 644,608,916
2 Enter amount from Part I, line 27a...................... 2 -6,289,649
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 638,319,267
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 638,319,267
Form 990-PF (2010)
Form 990-PF (2010)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b ENTREPRENEURIAL VALUE FUND (EVF) K1 PASS THRU      
c ENTREPRENEURIAL VALUE FUND (EVF) K1 PASS THRU      
d EVF CAPITAL LOSS ON LIQUIDATION      
e WINSTON GROWTH FUND K1 PASS THRU      
WINSTON GROWTH FUND K1 PASS THRU      
LEGACY VENTURE IV K1 PASS THRU      
LEGACY VENTURE IV K1 PASS THRU      
LEGACY VENTURE V K1 PASS THRU      
LEGACY VENTURE V K1 PASS THRU      
MAST DISTRESSED OPPORTUNITIES K1 PASS THRU      
MAST DISTRESSED OPPORTUNITIES K1 PASS THRU      
BLACKSTONE V AND VI K1 PASS THRU      
BLACKSTONE V AND VI K1 PASS THRU      
TISHMAN SPEYER K1 PASS THRU      
TISHMAN SPEYER K1 PASS THRU      
DARWIN VENTURE CAPITAL K1 PASS THRU      
DARWIN VENTURE CAPITAL K1 PASS THRU      
STATE ST US GOVT CREDIT BOND INDEX K1 PASS THRU      
STATE ST US GOVT CREDIT BOND INDEX K1 PASS THRU      
37 SH WATERVILLE AREA INDUSTRIAL DEV CORP   2009-01-02 2010-12-18
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 188,070,672   194,415,790 -6,345,118
b       4,140,375
c       -800,534
d       -5,872,822
e       133,526
      -13,590
      8,553
      883
      1,095
      3,466
      135,102
      11,869
      -20,882
      144
      249,392
      81,146
      -44,594
      8,862
      846
      40
3,608   370 3,238
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       -6,345,118
b       4,140,375
c       -800,534
d       -5,872,822
e       133,526
      -13,590
      8,553
      883
      1,095
      3,466
      135,102
      11,869
      -20,882
      144
      249,392
      81,146
      -44,594
      8,862
      846
      40
      3,238
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -8,319,003
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 4,733,489 479,318,495 0.009875
2008 11,285,532 132,974,046 0.084870
2007 5,077,042 72,784,172 0.069755
2006 2,676,944 49,804,611 0.053749
2005 3,382,940 27,530,396 0.122880
2 Total of line 1, column (d) ...................... 2 0.341129
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.068226
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 571,399,621
5 Multiply line 4 by line 3....................... 5 38,984,311
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 35,131
7 Add lines 5 and 6......................... 7 39,019,442
8 Enter qualifying distributions from Part XII, line 4.............. 8 10,720,167
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2010)
Form 990-PF (2010)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 70,261
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 70,261
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 70,261
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 77,520
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 48,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 125,520
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 55,259
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet55,259 Refunded Bullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletME
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.HAROLDALFONDFOUNDATION.ORG
    14
    The books are in care ofbulletDEXTER ENTERPRISES INC Telephone no.bullet (207) 828-7999
    Located atbulletTWO MONUMENT SQUAREPORTLANDME ZIP+4bullet04101
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    THEODORE ALFOND TRUSTEE
    2.00     		0 0 0
    1 CHESTNUT STREET
    WESTON,MA02193
    WILLIAM ALFOND TRUSTEE
    1.00     		0 0 0
    14 OTIS PLACE
    BOSTON,MA02108
    PETER ALFOND TRUSTEE
    1.00     		0 0 0
    C/O DEXTER ENT TWO MONUMENT SQUARE
    PORTLAND,ME04101
    GREGORY POWELL - SEE STATEMENT 18 TRUSTEE
    18.00     		0 0 0
    C/O DEXTER ENT TWO MONUMENT SQUARE
    PORTLAND,ME04101
    PETER LUNDER TRUSTEE
    1.00     		0 0 0
    C/O DEXTER ENT TWO MONUMENT SQUARE
    PORTLAND,ME04101
    ROBERT MARDEN TRUSTEE
    1.00     		0 0 0
    C/O DEXTER ENT TWO MONUMENT SQUARE
    PORTLAND,ME04101
    LARRY PUGH TRUSTEE
    3.00     		0 0 0
    C/O DEXTER ENT TWO MONUMENT SQUARE
    PORTLAND,ME04101
    STEVEN P AKIN TRUSTEE
    2.00     		0 0 0
    C/O DEXTER ENT TWO MONUMENT SQUARE
    PORTLAND,ME04101
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    DEXTER ENTERPRISES INC INVESTMENT & GRANT ADMINISTRATION 620,610
    TWO MONUMENT SQUARE
    PORTLAND,ME04101
    HAMMOND ASSOCIATES INVESTMENT CONSULTING 307,150
    PO BOX 790051
    ST LOUIS,MO631790051
    DEXTER US EQUITY TE LLC INVEST PORTFOLIO DEDUCT PER K1 285,616
    TWO MONUMENT SQUARE
    PORTLAND,ME04101
    DEXTER INTERNATIONAL EQUITY TE LLC INVEST PORTFOLIO DEDUCT PER K1 134,546
    TWO MONUMENT SQUARE
    PORTLAND,ME04101
    DARWIN VENTURE CAPITAL II LP INVEST PORTFOLIO DEDUCT PER K1 121,606
    ONE EMBARCADERO CENTER SUITE 2240
    SAN FRANCISCO,CA94111
    Total number of others receiving over $50,000 for professional services.............bullet2
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 NONE 0
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 NONE 0
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    563,341,552
    b
    Average of monthly cash balances.......................
    1b
    16,759,586
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    580,101,138
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    580,101,138
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    8,701,517
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    571,399,621
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    28,569,981
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    28,569,981
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    70,261
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
    6,450
    c
    Add lines 2a and 2b............................
    2c
    76,711
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    28,493,270
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    28,493,270
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    28,493,270
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    10,720,167
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    10,720,167
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    10,720,167
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7 28,493,270
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 10,249,634
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 10,720,167
    a Applied to 2009, but not more than line 2a 10,249,634
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2010 distributable amount..... 470,533
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2010. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		28,022,737
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    REFER TO GRANT GUIDELINES AT WWWHAR
    DEXTER ENTERPRISES INC TWO MONUMENT
    SQUARE
    PORTLAND,ME04011
    (207) 828-7999
    bThe form in which applications should be submitted and information and materials they should include:
    REFER TO GRANT GUIDELINES AT WWW.HAROLDALFONDFOUNDATION.ORG
    cAny submission deadlines:
    REFER TO GRANT GUIDELINES AT WWW.HAROLDALFONDFOUNDATION.ORG
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    REFER TO GRANT GUIDELINES AT WWW.HAROLDALFONDFOUNDATION.ORG
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALFOND SCHOLARSHIP FOUNDATION
    15 MONUMENT SQUARE 4TH FLOOR
    PORTLAND,ME04101     		  501C3-509A3 SUPPRTG SCHOLARSHIPS 2,414,500
    ALFOND SCHOLARSHIP FOUNDATION
    15 MONUMENT SQUARE 4TH FLOOR
    PORTLAND,ME04101     		  501C3-509A3 SUPPRTG OPERATING SUPPORT 408,500
    AROOSTOOK TEEN LEADERSHIP CAMP
    PO BOX 1018
    CARIBOU,ME04736     		  PUBLIC CHARITY 501C3 TEEN LEADERSHIP CAMP 500
    CENTER FOR FURNITURE CRAFTSMANSHIP
    25 MILL STREET
    ROCKPORT,ME04856     		  PUBLIC CHARITY 501C3 ENDOWMENT CAMPAIGN 25,000
    THE CHILDREN'S CENTER
    273 CAPITOL STREET EXTENSION
    AUGUSTA,ME04330     		  PUBLIC CHARITY 501C3 UNRESTRICTED 1,000
    COLBY COLLEGE
    4800 MAYFLOWER HILL
    WATERVILLE,ME04901     		  PUBLIC CHARITY 501C3 HA STADIUM 1,500,000
    COLBY COLLEGE
    4800 MAYFLOWER HILL
    WATERVILLE,ME04901     		  PUBLIC CHARITY 501C3 ATHLETIC ENDOWMENT 1,400,000
    EDUCARE CENTRAL MAINE CO KVCAP
    97 WATER STREET
    WATERVILLE,ME04901     		  PUBLIC CHARITY 501C3 HAROLD ALFOND SCHOLARSHIP 250,000
    GULF OF MAINE RESEARCH INSTITUTE
    350 COMMERCIAL STREET
    PORTLAND,ME04101     		  501C3-509A2 1/3 GRS LAB VENTURE 2,500
    MAINE COMPACT FOR HIGHER EDUCATION
    15 MONUMENT SQUARE 4TH FLOOR
    PORTLAND,ME04101     		  PUBLIC CHARITY 501C3 UNRESTRICTED 5,000
    MARGARET CHASE SMITH POLICY CENTER
    5784 YORK COMPLEX BLDG 4
    ORONO,ME04469     		  PUBLIC CHARITY 501C3 MAINE NEW LEADERSHIP PROGRAM 1,000
    SENATOR GEORGE J MITCHELL SCHOLARSHIP RESEARCH INSTITUTE
    22 MONUMENT SQUARE SUITE 200
    PORTLAND,ME04101     		  PUBLIC CHARITY 501C3 INSTITUTIONAL ENDOWMENT FOR RESEARCH AND RAISING ASPIRATIONS 300,000
    THE NATIONAL FOOTBALL FOUNDATION AND COLLEGE HALL OF FAME INC
    433 LAS COLINAS BLVD SUITE 1130
    IRVING,TX75039     		  501C3-509A2 1/3 GRS RICHARD MACPHERSON COACHING FUND 18,270
    THE NATIONAL FOOTBALL FOUNDATION AND COLLEGE HALL OF FAME INC
    433 LAS COLINAS BLVD SUITE 1130
    IRVING,TX75039     		  501C3-509A2 1/3 GRS HAROLD ALFOND SCHOLARSHIP 18,000
    OLD SCHOOL SQUARE INC
    51 N SWINTON AVENUE
    DELRAY BEACH,FL33444     		  PUBLIC CHARITY 501C3 R.D. CHAPIN LECTURE SERIES ENDOWMENT 25,000
    SUSAN CURTIS FOUNDATION
    1321 WASHINGTON AVE SUITE 104
    PORTLAND,ME04103     		  PUBLIC CHARITY 501C3 WHOLE FAMILY FINANCIAL LITERACY PROJECT 50,000
    UNIVERSITY OF MAINE
    5747 MEMORIAL GYM
    ORONO,ME04469     		  PUBLIC CHARITY 501C3 ALFOND HOCKEY ARENA RENOVATION 500,000
    UNIVERSITY OF MAINE FOUNDATION
    TWO ALUMNI PLACE
    ORONO,ME04469     		  PUBLIC CHARITY 501C3 2009 FOOTBALL CHALLENGE 250,000
    UNIVERSITY OF MASSACHUSETTS
    308 MULLINS CENTER
    AMHERST,MA01003     		  PUBLIC CHARITY 501C3 COACH PICKETT FOOTBALL SCHOLARSHIP 2,000
    BELGRADE REGIONAL HEALTH CENTER
    SCHOOL STREET
    BELGRADE LAKES,ME04918     		  PUBLIC CHARITY 501C3 OPERATING SUPPORT 15,000
    KENNEBEC BEHAVIORAL HEALTH
    67 EUSTIS PARKWAY
    WATERVILLE,ME04901     		  PUBLIC CHARITY 501C3 ANNUAL FUND 1,000
    MAINE CHILDREN'S HOME FOR LITTLE WANDERERS
    93 SILVER STREET
    WATERVILLE,ME04901     		  PUBLIC CHARITY 501C3 2010 OPERATING SUPPORT 15,000
    SPECTRUM GENERATIONS
    38 GOLD ST
    WATERVILLE,ME04901     		  PUBLIC CHARITY 501C3 ANNUAL FUND FOR MEALS ON WHEELS 1,000
    SPECTRUM GENERATIONS
    38 GOLD ST
    WATERVILLE,ME04901     		  PUBLIC CHARITY 501C3 SUKEFORTH CHALLENGE GRANT 15,000
    ALFOND YOUTH CENTER
    126 NORTH STREET
    WATERVILLE,ME04901     		  PUBLIC CHARITY 501C3 ENDOWMENT 1,251,916
    ALFOND YOUTH CENTER
    126 NORTH STREET
    WATERVILLE,ME04901     		  PUBLIC CHARITY 501C3 2010 ANNUAL FUND CHALLENGE 120,000
    ALFOND YOUTH CENTER
    126 NORTH STREET
    WATERVILLE,ME04901     		  PUBLIC CHARITY 501C3 MAINTENANCE NEEDS 247,577
    ALFOND YOUTH CENTER
    126 NORTH STREET
    WATERVILLE,ME04901     		  PUBLIC CHARITY 501C3 CAMP TRACY 10,000
    ALFOND YOUTH CENTER
    126 NORTH STREET
    WATERVILLE,ME04901     		  PUBLIC CHARITY 501C3 CONSULTING PROJECT 20,000
    BELGRADE LAKES ASSOCIATION
    PO BOX 551
    BELGRADE LAKES,ME04918     		  PUBLIC CHARITY 501C3 DOCKS TO DOORWAYS 300,000
    COASTAL MAINE BOTANICAL GARDENS
    PO BOX 234
    BOOTHBAY,ME04537     		  PUBLIC CHARITY 501C3 ALFOND CHILDREN'S GARDEN 500,000
    LITTLE LEAGUE BASEBALL INC
    75 OAKLAND STREET
    WATERVILLE,ME04901     		  PUBLIC CHARITY 501C3 GENERAL SUPPORT 150
    SUSAN CURTIS FOUNDATION
    1321 WASHINGTON AVE SUITE 104
    PORTLAND,ME04103     		  PUBLIC CHARITY 501C3 CAMPERSHIPS 14,700
    UNITED STATES BIATHLON ASSOCIATION
    49 PINELAND DRIVE SUITE 301A
    NEW GLOUCESTER,ME04260     		  PUBLIC CHARITY 501C3 GENERAL CAMPAIGN 15,000
    UNITED WAY OF MID-MAINE INC
    45 ARMORY ROAD PO BOX 91
    WATERVILLE,ME04903     		  PUBLIC CHARITY 501C3 2010 ANNUAL FUND 12,500
    WATERVILLE OPERA HOUSE IMPROVEMENT ASSOCIATION
    93 MAIN STREET
    WATERVILLE,ME04901     		  501C3-509A2 1/3 GRS 2010 ANNUAL FUND 15,000
    WATERVILLE OPERA HOUSE IMPROVEMENT ASSOCIATION
    93 MAIN STREET
    WATERVILLE,ME04901     		  501C3-509A2 1/3 GRS EXPANSION/RENOVATION PROJECT 544,610
    Total .................................bullet 3a 10,269,723
    bApproved for future payment
    ALFOND YOUTH CENTER
    126 NORTH STREET
    WATERVILLE,ME04901     		  PUBLIC CHARITY 501C3 CONSULTING PROJECT 30,000
    BELGRADE LAKES ASSOCIATION
    PO BOX 551
    BELGRADE LAKES,ME04918     		  PUBLIC CHARITY 501C3 DOCKS TO DOORWAYS 2010 CHALLENGE 450,000
    COLBY COLLEGE
    4800 MAYFLOWER HILL
    WATERVILLE,ME04901     		  PUBLIC CHARITY 501C3 ATHLETIC ENDOWMENT 600,000
    COLBY COLLEGE
    4800 MAYFLOWER HILL
    WATERVILLE,ME04901     		  PUBLIC CHARITY 501C3 ART MUSEUM 5,000,000
    EDUCARE CENTRAL MAINE CO KVCAP
    97 WATER STREET
    WATERVILLE,ME04901     		  PUBLIC CHARITY 501C3 HAROLD ALFOND SCHOLARSHIPS 750,000
    MAINEGENERAL MEDICAL CENTER
    157 CAPITOL STREET
    AUGUSTA,ME04330     		  PUBLIC CHARITY 501C3 NEW REGIONAL HOSPITAL 35,000,000
    THE NATIONAL FOOTBALL FOUNDATION AND COLLEGE HALL OF FAME INC
    433 LAS COLINAS BLVD SUITE 1130
    IRVING,TX75039     		  501C3-509A2 1/3 GRS RICHARD MACPHERSON COACHING FUND 31,730
    PINE TREE SOCIETY
    PO BOX 508
    BATH,ME04350     		  501C3-509A2 1/3 GRS NEW DINING HALL AT PINE TREE CAMP 500,000
    ROLLINS COLLEGE
    100 HOLT AVENUE
    WINTER PARK,FL327894499     		  PUBLIC CHARITY 501C3 ALFOND INN AT ROLLINS 12,500,000
    UNIVERSITY OF MAINE
    5747 MEMORIAL GYM
    ORONO,ME04469     		  PUBLIC CHARITY 501C3 ALFOND HOCKEY ARENA RENOVATION 3,000,000
    UNIVERSITY OF MAINE
    5747 MEMORIAL GYM
    ORONO,ME04469     		  PUBLIC CHARITY 501C3 MEMORIAL GYM RENOVATION 2,000,000
    UNIVERSITY OF MAINE FOUNDATION
    TWO ALUMNI PLACE
    ORONO,ME04469     		  PUBLIC CHARITY 501C3 2010 FOOTBALL CHALLENGE 250,000
    UNIVERSITY OF NEW ENGLAND
    11 HILLS BEACH ROAD
    BIDDEFORD,ME04005     		  PUBLIC CHARITY 501C3 HAROLD ALFOND ATHLETIC COMPLEX 10,000,000
    WATERVILLE OPERA HOUSE IMPROVEMENT ASSOCIATION
    93 MAIN STREET
    WATERVILLE,ME04901     		  501C3-509A2 1/3 GRS EXPANSION/RENOVATION PROJECT 1,455,390
    WATERVILLE OPERA HOUSE IMPROVEMENT ASSOCIATION
    93 MAIN STREET
    WATERVILLE,ME04901     		  501C3-509A2 1/3 GRS SET BUILDING SPACE 310,000
    Total ..................................bullet 3b 71,877,120
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 3,830,855  
    4 Dividends and interest from securities....     14 1,851,832  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income..... 531120 43,780 14 10,059  
    8Gain or (loss) from sales of assets other than inventory 531120 -19,532 18 -8,299,471  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 24,248 -2,606,725 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    13-2,582,477
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    1 NOT APPLICABLE
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2010)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2010
    Name of organization
    HAROLD ALFOND FOUNDATION
    C/O DEXTER ENTERPRISES INC
    Employer identification number

    22-3281672
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule—
    Special Rules
    ......................... Arrow Bullet   $    
    Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
    Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part I
    Name of organization
    HAROLD ALFOND FOUNDATION
    C/O DEXTER ENTERPRISES INC         		Employer identification number

    22-3281672
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
     
     

    ESTATE OF HAROLD ALFOND    
    1201 GEORGE BUSH BOULEVARD
       
    DELRAY BEACH, FL   33483

    		$2,181,429




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    2
     
     

    ESTATE OF HAROLD ALFOND    
    1201 GEORGE BUSH BOULEVARD
       
    DELRAY BEACH, FL   33483

    		$6,799,625




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part II
    Name of organization
    HAROLD ALFOND FOUNDATION
    C/O DEXTER ENTERPRISES INC         		Employer identification number

    22-3281672
    Part II
    Noncash Property (see Instructions)
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    2
    		 50 SHS BERKSHIRE HATHAWAY INC DEL CL A   $6,799,625 2010-10-26
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part III
    Name of organization
    HAROLD ALFOND FOUNDATION
    C/O DEXTER ENTERPRISES INC         		Employer identification number

    22-3281672
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2010 AccountingFeesSchedule
    Name:
    HAROLD ALFOND FOUNDATION
    C/O DEXTER ENTERPRISES INC
    EIN: 22-3281672
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION 20,725 8,290   12,435

    TY 2010 GeneralExplanationAttachment
    Name:
    HAROLD ALFOND FOUNDATION
    C/O DEXTER ENTERPRISES INC
    EIN: 22-3281672
    Identifier Return Reference Explanation
    FOUNDATION TRUSTEE POWELL ADDITIONAL INFORMATION FORM 990-PF, PART VIII GREGORY POWELL IS AN EMPLOYEE OF DEXTER ENTERPRISES, INC. DEXTER ENTERPRISES, INC. IS COMPENSATED UNDER A MANAGEMENT CONTRACT WITH THE FOUNDATION. SEE STATEMENT 6 FOR DEXTER ENTERPRISES, INC. INFORMATION.
    INDIVIDUAL GRANT RECIPIENTS ARE NOT APPLICABLE FORM 990-PF, PART XV NONE OF THE GRANT RECIPIENTS ARE INDIVIDUALS, THEREFORE DISCLOSURE OF RELATIONSHIPS TO ANY FOUNDATION MANAGER OR SUBSTANTIAL CONTRIBUTOR IS NOT APPLICABLE.

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    HAROLD ALFOND FOUNDATION
    C/O DEXTER ENTERPRISES INC
    EIN: 22-3281672
    Name of Bond End of Year Book Value End of Year Fair Market Value
    DEXTER FIXED INCOME TE, LLC 41,988,034 43,588,641

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    HAROLD ALFOND FOUNDATION
    C/O DEXTER ENTERPRISES INC
    EIN: 22-3281672
    Name of Stock End of Year Book Value End of Year Fair Market Value
    2,900 SH BERKSHIRE HATHAWAY CL B 258,298 232,319
    2,959 SH BERKSHIRE HATHAWAY CL A 399,700,523 356,411,550
    6,616 SH TAL INTERNATIONAL GROUP INC 49,419 204,236
    709,462 SH QUANTUM CORP DIT & STORAGE 638,862 2,639,199
    194,000 SH PEACE MARK HOLDINGS LMT 210,403 37,437
    20 SH FIRST HORIZON NATIONAL CORP 187 236
    7,789 SH BNY MELLON INTERNATIONAL FUND 108,083 83,883
    4,519 SH BNY MELLON EMERGING MARKETS FUND 62,191 53,506
    DEXTER GLOBAL EQUITY TE, LLC 9,295,521 10,458,791
    DEXTER US EQUITY TE, LCC 44,048,473 48,927,498

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    HAROLD ALFOND FOUNDATION
    C/O DEXTER ENTERPRISES INC
    EIN: 22-3281672
    US Government Securities - End of Year Book Value:

    361,278
    US Government Securities - End of Year Fair Market Value:

    10,231
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2010 InvestmentsOtherSchedule2
    Name:
    HAROLD ALFOND FOUNDATION
    C/O DEXTER ENTERPRISES INC
    EIN: 22-3281672
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    69,571 SH PLATNUM FUND LIMITED OFF-SHORE SINGLE MANAGER AT COST 4,402,327 5,088,557
    255,859 SH THE PLATINUM TAX-EXEMPT FUND LTD AT COST 3,111,645 3,601,982
    263,479 SH THE OPTIMA PARTNERS FOCUS FUND AT COST 3,220,334 2,975,993
    MAST CREDIT OPPORTUNITIES I, LIMITED OS AT COST 895,706 1,094,966
    BLACKSTONE REAL ESTATE PARTNERS V AND VI, LP AT COST 3,824,567 2,676,905
    DARWIN VENTURE CAPITAL FUND OF FUNDS II, LP AT COST 1,446,720 1,743,277
    FAIRHOLME HOLDINGS LTD. AT COST 0 0
    LEGACY VENTURE FUNDS AT COST 2,026,854 1,986,781
    OCH ZIFF CAPITAL ADVISORS AT COST 3,372,787 3,949,037
    SPECIAL OPPORTUNITIES FUNDS AT COST 3,163,093 2,662,186
    WINSTON GLOBAL FUND AT COST 4,196,451 4,095,146
    THE ENTREPRENEURIAL VALUE FUND AT COST 0 0
    WINSTON GROWTH FUND LP AT COST 0 0
    TISHMAN SPEYER INVESTMENTS: US REAL ESTATE VENTURE AT COST 1,255,241 219,317
    TISHMAN SPEYER INVESTMENTS: INTERNATIONAL REAL ESTATE VENTURE AT COST 640,732 473,420
    TISHMAN SPEYER INVESTMENTS: INDIA REAL ESTATE VENTURE AT COST 560,883 188,326
    MAST DISTRESSED OPPORTUNITIES I, L.P. AT COST 0 228,802
    REALTY ASSOCIATES IX AT COST 1,648,153 1,699,642
    DEXTER HEDGE FUNDS TE, LLC AT COST 66,878,050 66,782,324
    DEXTER INTERNATIONAL EQUITY TE, LLC AT COST 41,439,217 45,677,407

    TY 2010 LegalFeesSchedule
    Name:
    HAROLD ALFOND FOUNDATION
    C/O DEXTER ENTERPRISES INC
    EIN: 22-3281672
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 10,876 0   10,876


    TY 2010 OtherAssetsSchedule
    Name:
    HAROLD ALFOND FOUNDATION
    C/O DEXTER ENTERPRISES INC
    EIN: 22-3281672
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SPORTS MEMORABILIA COLLECTION 5,000 5,000 5,000
    37 SH WATERVILLE AREA INDUSTRIAL DEV CORP 370 3,608 3,608


    TY 2010 OtherExpensesSchedule
    Name:
    HAROLD ALFOND FOUNDATION
    C/O DEXTER ENTERPRISES INC
    EIN: 22-3281672
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT INTEREST PASSED THRU FROM K-1S 71,050 71,050   0
    NON DEDUCTIBLE INVESTMENT EXPENSES 94,105 0   0
    CHARITABLE DONATIONS PASSED THRU FROM K-1S 5,572 0   5,572
    ORDINARY LOSS PASSED THRU FROM K-1S 67,728 67,728   0
    BANK FEES 2,491 997   1,494
    OTHER PORTFOLIO DEDUCTIONS PASSED THRU FROM K-1S 218,380 218,380   0
    ADVERTISING 157 63   94


    TY 2010 OtherIncomeSchedule2
    Name:
    HAROLD ALFOND FOUNDATION
    C/O DEXTER ENTERPRISES INC
    EIN: 22-3281672
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    STATE UBIT TAX REFUNDS 6,110 0 6,110
    ROYALTY INCOME PASS THRU FROM K-1S 12,557 12,557 12,557
    ORDINARY INCOME PASSED THRU FROM K-1S 9,966 9,966 9,966
    RENTAL INCOME PASS THRU FROM K-1S 25,206 25,206 25,206


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    HAROLD ALFOND FOUNDATION
    C/O DEXTER ENTERPRISES INC
    EIN: 22-3281672
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DEXTER ENTERPRISES 620,610 248,244   372,366
    INVESTMENT ADVISORY FEES PASSED THRU FROM K-1S 766,315 766,315   0
    INVESTMENT CONSULTING FEES 307,150 307,150   0
    CHARITABLE CONSULTING FEES 44,501 0   44,501


    TY 2010 TaxesSchedule
    Name:
    HAROLD ALFOND FOUNDATION
    C/O DEXTER ENTERPRISES INC
    EIN: 22-3281672
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 133,737 133,737   0
    NET INVESTMENT INCOME TAXES 52,000 0   0