Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
THE BILL AND JOAN 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 or province, country, and ZIP or foreign postal code
PORTLAND, ME04101
A Employer identification number

01-0421806
B Telephone number (see instructions)

(207) 828-7999
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$61,767,718J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 196,598 194,702  
4 Dividends and interest from securities... 506,572 496,650  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -587,122
b Gross sales price for all assets on line 6a 1,572,289
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 14,304 13,304  
12 Total. Add lines 1 through 11........ 130,352 704,656  
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).........        
b Accounting fees (attach schedule)....... Click to see attachment 7,375 1,844   5,531
c Other professional fees (attach schedule).... Click to see attachment 198,567 16,494   182,073
17 Interest............... 26,303 0   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 53,054 20,054   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 400,385 243,976   122
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 685,684 282,368   187,726
25 Contributions, gifts, grants paid....... 4,304,866 4,304,866
26 Total expenses and disbursements. Add lines 24 and 25 4,990,550 282,368   4,492,592
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,860,198
b Net investment income (if negative, enter -0-) 422,288
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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......... 1,132,380 536,270 536,270
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 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)      
b Investments—corporate stock (attach schedule)....... 1,410,560 Click to see attachment723,385 35,855,055
c Investments—corporate bonds (attach schedule)....... 686,190 Click to see attachment85,904 3,500
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 21,684,701 Click to see attachment20,736,464 25,372,893
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 24,913,831 22,082,023 61,767,718
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment0 Click to see attachment2,028,390
23 Total liabilities (add lines 17 through 22)......... 0 2,028,390
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 24,913,831 20,053,633
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 instructions)..... 24,913,831 20,053,633
31 Total liabilities and net assets/fund balances (see instructions). 24,913,831 22,082,023
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
24,913,831
2
Enter amount from Part I, line 27a .....................
2
-4,860,198
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
20,053,633
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
20,053,633
Form 990-PF (2018)
Form 990-PF (2018)
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 PUBLICLY TRADED SECURITIES      
c DEXTER GLOBAL EQUITY TE LLC P    
d DEXTER GLOBAL EQUITY TE LLC P    
e DEXTER US EQUITY TE LLC P    
DEXTER US EQUITY TE LLC P    
LEGACY VENTURE V (QP), LLC P    
LEGACY VENTURE V (QP), LLC P    
LEGACY VENTURE VI (QP), LLC P    
LEGACY VENTURE VI (QP), LLC P    
DEXTER INTERNATIONAL EQUITY TE LLC P    
DEXTER INTERNATIONAL EQUITY TE LLC P    
DEXTER PRIVATE EQUITY TE LLC P    
DEXTER PRIVATE EQUITY TE LLC P    
DEXTER HEDGE FUNDS TE LLC P    
DEXTER HEDGE FUNDS TE LLC P    
DEXTER FIXED INCOME TE LLC P    
DEXTER FIXED INCOME TE LLC P    
SPECIAL OPPS FUND IV P    
SPECIAL OPPS FUND III P    
DEXTER REAL ASSETS TE LLC P    
DEXTER REAL ASSETS TE LLC P    
(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 57,929   52,985 4,944
b 516,795   1,924,766 -1,407,971
c 10,647     10,647
d 304,540     304,540
e     3 -3
    88,822 -88,822
367     367
182,326     182,326
18,522     18,522
117,101     117,101
3,411     3,411
52,169     52,169
    492 -492
    61,199 -61,199
    6 -6
19,397     19,397
    11,062 -11,062
    20,076 -20,076
134,536     134,536
44,082     44,082
932     932
109,535     109,535
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       4,944
b       -1,407,971
c       10,647
d       304,540
e       -3
      -88,822
      367
      182,326
      18,522
      117,101
      3,411
      52,169
      -492
      -61,199
      -6
      19,397
      -11,062
      -20,076
      134,536
      44,082
      932
      109,535
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 -587,122
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 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 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))
2017 2,673,759 57,862,116 0.046209
2016 2,618,912 54,221,652 0.048300
2015 2,735,596 54,459,171 0.050232
2014 1,998,947 53,636,159 0.037269
2013 1,189,958 42,991,501 0.027679
2
Total of line 1, column (d) .....................
2
0.209689
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.041938
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
62,752,172
5
Multiply line 4 by line 3......................
5
2,631,701
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
4,223
7
Add lines 5 and 6........................
7
2,635,924
8
Enter qualifying distributions from Part XII, line 4,.............
8
4,492,592
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.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 4,223
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 4,223
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 4,223
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 26,532
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 26,532
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
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 22,309
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet22,309 RefundedBullet 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 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 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 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    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
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    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 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    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 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 2018?.............
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    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 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 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (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 4945(d)(4)(A)? See 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 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
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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 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
    JOAN ALFOND VICE PRES, TREAS, DIRECTOR
    7.50     		0 0 0
    14 OTIS PLACE
    BOSTON,MA02108
    GREGORY POWELL SEE GENERAL EXPLANTN SECRETARY
    1.50     		0 0 0
    TWO MONUMENT SQUARE
    PORTLAND,ME04101
    WILLIAM ALFOND PRESIDENT, DIRECTOR
    12.50     		0 0 0
    14 OTIS PLACE
    BOSTON,MA02108
    KENDEN ALFOND DIRECTOR
    1.00     		0 0 0
    TWO MONUMENT SQUARE
    PORTLAND,ME04101
    JUSTIN ALFOND DIRECTOR
    1.00     		0 0 0
    TWO MONUMENT SQUARE
    PORTLAND,ME04101
    REIS ALFOND DIRECTOR
    1.00     		0 0 0
    925 PARK AVENUE APT 9/10B
    NEW YORK,NY10028
    2 Compensation of five highest-paid employees (other than those included on line 1—see 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
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    THE HALLEE GROUP LLC GRANT CONSULTING 123,600
    PO BOX 284
    OAKLAND,ME04963
    DEXTER ENTERPRISES INC INVESTMENT & GRANT ADMINISTRATION 65,976
    TWO MONUMENT SQUARE
    PORTLAND,ME04101
    DEXTER GLOBAL EQUITY TE LLC INVEST PORTFOLIO DEDUCTIONS 55,181
    TWO MONUMENT SQUARE
    PORTLAND,ME04101
    Total number of others receiving over $50,000 for professional services.............bullet0
    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  
    Part IX-B
    Summary of Program-Related Investments (see 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 instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see 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
    62,824,939
    b
    Average of monthly cash balances.......................
    1b
    882,850
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    63,707,789
    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
    63,707,789
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    955,617
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    62,752,172
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,137,609
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    3,137,609
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    4,223
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,223
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,133,386
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    1,000
    5
    Add lines 3 and 4............................
    5
    3,134,386
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    3,134,386
    Part XII
    Qualifying Distributions (see 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
    4,492,592
    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
    4,492,592
    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 instructions.................
    5
    4,223
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,488,369
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 3,134,386
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 2,663,428
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 4,492,592
    a Applied to 2017, but not more than line 2a 2,663,428
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 1,829,164
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 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 instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		1,305,222
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see 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 2018, 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) 2018 (b) 2017 (c) 2016 (d) 2015
             
    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 foundation had $5,000 or more in
    assets at any time during the year—see 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).)
    WILLIAM ALFOND
    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 or e-mail address of the person to whom applications should be addressed:
    THE BILL JOAN ALFOND FOUNDATION CO
    TWO MONUMENT SQUARE
    PORTLAND,ME04101
    (207) 828-7999
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICANTS SHOULD SUBMIT THEIR REQUESTS AS FOLLOWS: (1) A BRIEF (1-3 PAGE) LETTER DESCRIBING THE PROJECT, DRIVE OR CAMPAIGN. THIS SHOULD INCLUDE A STATEMENT OF NEED, NUMBER OF PEOPLE BENEFITED, GEOGRAPHIC AREA SERVED, TOTAL FUND RAISING GOAL, STRATEGY AND AMOUNT REQUESTED FROM THE FOUNDATION, (2) CAPITAL CAMPAIGNS AND SPECIAL PROJECTS SHOULD ALSO INCLUDE A BUDGET, (3) ORGANIZATIONS SHOULD ENCLOSE A COPY OF THEIR 501(C)(3) DETERMINATION LETTER, (4) OTHER SUPPORTING MATERIAL.
    cAny submission deadlines:
    NO SUBMISSION DEADLINES.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FOUNDATION CONTRIBUTES TO ORGANIZATIONS IN THE FIELD OF HIGHER EDUCATION. THE FOUNDATION ALSO CONTRIBUTES TO WORTHY CHARITIES WITHIN ITS PRINCIPAL AREA OF GEOGRAPHIC INTEREST. WHEN CONSIDERING MAJOR GRANTS, THE FOUNDATION NORMALLY REQUIRES THAT THE GRANTEE RAISE MATCHING FUNDS FROM OTHER ORGANIZATIONS AND INDIVIDUALS.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    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
    7 LAKES ALLIANCE
    PO BOX 250
    BELGRADE LAKES,ME04918     		  PC UNRESTRICTED 1,000
    ABBOTT MEMORIAL LIBRARY
    1 CHURCH STREET
    DEXTER,ME04930     		  GOV ANNUAL GRANT 800
    ABBOTT MEMORIAL LIBRARY
    1 CHURCH STREET
    DEXTER,ME04930     		  GOV NEW MAKERSPACE AND PROGRAM EXPANSION AT THE LIBRARY 25,000
    ALFOND YOUTH CENTER
    126 NORTH STREET
    WATERVILLE,ME04901     		  PC UNRESTRICTED 250
    BELGRADE LAKES ASSOCIATION
    137 MAIN STREET
    BELGRADE LAKES,ME04918     		  PC ANNUAL FUND 1,000
    BELMONT GOLF SCHOLARSHIP FUND
    PO BOX 550068
    NORTH WALTHAM,MA02455     		  PC ANNUAL GRANT TO SUPPORT SCHOLARSHIPS 316
    BETH ISRAEL CONGREGATION
    291 MAIN STREET
    WATERVILLE,ME04903     		  PC ANNUAL FUND 1,000
    BETH ISRAEL CONGREGATION
    291 MAIN STREET
    WATERVILLE,ME04903     		  PC BETH ISRAEL DISCRETIONARY FUND 3,300
    BETH ISRAEL CONGREGATION
    291 MAIN STREET
    WATERVILLE,ME04903     		  PC UNRESTRICTED 250
    BETH ISRAEL CONGREGATION
    291 MAIN STREET
    WATERVILLE,ME04903     		  PC LOCAL SUPPORT FOR DIRECTOR OF EDUCATION AT BETH ISRAEL 17,500
    BRIGHAM AND WOMEN'S FAULKNER HOSPITAL
    116 HUNTINGTON AVENUE 3RD FLOOR
    BOSTON,MA02116     		  PC 2018 FELLOWSHIP PROGRAM AT JOHN R. GRAHAM HEADACHE CENTER 500,000
    CAMUY HEALTH SERVICES INC
    PO BOX 660 AVENUE MUNOZ RIVERA 63
    CAMUY,PR00627     		  PC RECOVERY AFTER HURRICANE MARIA 10,000
    CATHOLIC CHARITIES MAINE
    307 CONGRESS STREET PO BOX 10660
    PORTLAND,ME04104     		  PC THE EMERGING ENTREPRENEURS OF MAINE (TEEM) PROGRAM 20,000
    CENTRAL PARK CONSERVANCY
    14 EAST 60TH STREET 8TH FLOOR
    NEW YORK,NY10022     		  PC STEWARDSHIP OF CENTRAL PARK PLAYGROUNDS 6,500
    CHABAD OF CAMBODIA
    415 RUTLAND ROAD
    BROOKLYN,NY11203     		  PC UNRESTRICTED 5,000
    CHARLES RIVER CONSERVANCY INC
    43 THORNDIKE STREET S3-3
    CAMBRIDGE,MA02141     		  PC RIBBON OF BLUE, RIBBON OF GREEN GALA SPONSOR 25,000
    CIEE INC
    300 FORE STREET
    PORTLAND,ME04101     		  PC GLOBAL NAVIGATOR HIGH SCHOOL STUDY ABROAD SCHOLARSHIPS FOR DEXTER STUDENTS 13,256
    PRESIDENT AND TRUSTEES OF COLBY COLLEGE
    4000 MAYFLOWER HILL
    WATERVILLE,ME04901     		  PC 2018 PRE-MED SUMMER INTERNSHIPS 15,822
    PRESIDENT AND TRUSTEES OF COLBY COLLEGE
    4000 MAYFLOWER HILL
    WATERVILLE,ME04901     		  PC BRO ADAMS SCHOLARSHIP FUND 40,000
    PRESIDENT AND TRUSTEES OF COLBY COLLEGE
    4000 MAYFLOWER HILL
    WATERVILLE,ME04901     		  PC DARE NORTHWARD CAMPAIGN 2,002,086
    PRESIDENT AND TRUSTEES OF COLBY COLLEGE
    4000 MAYFLOWER HILL
    WATERVILLE,ME04901     		  PC UNRESTRICTED 500
    PRESIDENT AND TRUSTEES OF COLBY COLLEGE
    4000 MAYFLOWER HILL
    WATERVILLE,ME04901     		  PC UNDESIGNATED LIFETIME COMMITMENT (DARE NORTHWARD CAMPAIGN) 85,000
    COMBINED JEWISH PHILANTHROPIES
    126 HIGH STREET
    BOSTON,MA02110     		  PC ANNUAL GRANT 25,000
    DARTMOUTH COLLEGE
    6066 DEVELOPMENT OFFICE
    HANOVER,NH03755     		  PC MEN'S SOCCER 2,000
    DEXTER HISTORICAL SOCIETY
    12 CHURCH ST
    DEXTER,ME04930     		  GOV ANNUAL FUND 2,000
    EAGLEBROOK SCHOOL
    271 PINE NOOK ROAD
    DEERFIELD,MA01342     		  PC 1964 FUND 1,000
    EAGLEBROOK SCHOOL
    271 PINE NOOK ROAD
    DEERFIELD,MA01342     		  PC UNRESTRICTED 1,500
    FORT KENT HISTORICAL SOCIETY
    PO BOX 181
    FORT KENT,ME04743     		  PC FREIGHT SHED RENOVATION PROJECT 10,000
    FRIENDS OF CASCO BAY
    43 SLOCUM DRIVE
    SOUTH PORTLAND,ME04106     		  PC UNRESTRICTED 2,500
    FRIENDS OF FONDATION DE FRANCE INC
    275 MADISON AVENUE NO 6TH FLO
    NEW YORK,NY10016     		  PC ENFANTS DU MEKONG - ACTIONS FOR POOR FAMILIES IN BATTAMBANG PROVINCE 26,700
    FRIENDS OF THE BELGRADE PUBLIC LIBRARY
    PO BOX 474
    BELGRADE,ME04917     		  PC ANNUAL GRANT 1,100
    FRIENDS OF THE BELGRADE PUBLIC LIBRARY
    PO BOX 474
    BELGRADE,ME04917     		  PC UNRESTRICTED 500
    GOOD SHEPHERD FOOD BANK
    3121 HOTEL ROAD
    AUBURN,ME04211     		  PC LOCAL PRODUCE IN THE DEXTER-MILLINOCKET-GREENVILLE REGION 40,000
    GOOD SHEPHERD FOOD BANK
    3121 HOTEL ROAD
    AUBURN,ME04211     		  PC PISCATAQUIS REGIONAL FOOD CENTER 40,000
    GOVERNOR'S ACADEMY
    1 ELM STREET
    BYFIELD,MA01922     		  PC ESPERANZA ACADEMY 10,000
    GOVERNOR'S ACADEMY
    1 ELM STREET
    BYFIELD,MA01922     		  PC PARKER RIVER SCIENCE CENTER 796,037
    HOLOCAUST & HUMAN RIGHTS CENTER OF MAINE
    MICHAEL KLAHR CENTER UNIVERSITY OF
    MAINE
    AUGUSTA,ME043301644     		  PC ANNUAL FUND 1,000
    HOSPICE VOLUNTEERS OF WATERVILLE AREA
    304 MAIN STREET PO BOX 200
    WATERVILLE,ME04901     		  PC ANNUAL GRANT 1,000
    ILLUSTRATION INSTITUTE
    2 UNION STREET SUITE 400
    PORTLAND,ME04101     		  PC UNRESTRICTED 4,500
    JOBS FOR MAINE'S GRADUATES INC
    65 STONE STREET
    AUGUSTA,ME04330     		  PC MIDDLE SCHOOL PROGRAM AT RIDGE VIEW COMMUNITY SCHOOL IN DEXTER 50,000
    KENNEBEC MONTESSORI SCHOOL
    38 SHERIDAN ROAD
    FAIRFIELD,ME04937     		  PC 40 YEARS AND GROWING MONTESSORI SCHOOL EXPANSION 18,250
    KENNEBEC VALLEY COMMUNITY ACTION PROGRAM
    97 WATER STREET
    WATERVILLE,ME04901     		  PC CAREQUILT: BEYOND THE WALLS 100,000
    KENNEBEC VALLEY COMMUNITY ACTION PROGRAM
    97 WATER STREET
    WATERVILLE,ME04901     		  PC UNRESTRICTED 500
    KENNEBEC VALLEY COMMUNITY COLLEGE FOUNDATION
    92 WESTERN AVENUE
    FAIRFIELD,ME04937     		  PC BILL AND JOAN ALFOND SCHOLARSHIP FUND 1,000
    LITERACY VOLUNTEERS - WATERVILLE AREA
    105 KENNEDY MEMORIAL DRIVE
    WATERVILLE,ME04901     		  PC ANNUAL FUND 1,000
    MAINE CHILDREN'S HOME FOR LITTLE WANDERERS
    93 SILVER STREET
    WATERVILLE,ME04901     		  PC TEEN PROGRAM 15,000
    MAINE HUTS AND TRAILS
    496C MAIN STREET
    KINGFIELD,ME04947     		  PC ANNUAL GRANT 1,000
    MAINE MARITIME ACADEMY
    1 PLEASANT STREET
    CASTINE,ME04420     		  PC UNRESTRICTED 250
    MAINE ORGANIC FARMERS & GARDENERS ASSOCIATION
    PO BOX 170
    UNITY,ME04899     		  PC HERITAGE ORCHARD 10,000
    MAINEGENERAL MEDICAL CENTER
    35 MEDICAL CENTER PARKWAY
    AUGUSTA,ME04330     		  PC MAINEGENERAL HOSPICE 500
    MAX WARBURG COURAGE CURRICULUM INC
    325 HUNTINGTON AVENUE BOX 52
    BOSTON,MA02115     		  PC ANNUAL FUND 5,000
    MITCHELL INSTITUTE
    75 WASHINGTON AVENUE SUITE 2E
    PORTLAND,ME04101     		  PC UNRESTRICTED 100
    NATIONAL FOOTBALL FOUNDATION & COLLEGE HALL OF FAME MAINE CHAPTER
    13 APPLETREE DRIVE
    BANGOR,ME04401     		  PC UNRESTRICTED 250
    NEW YORK BOTANICAL GARDEN
    2900 SOUTHERN BOULEVARD
    BRONX,NY10458     		  PC EDIBLE ACADEMY 10,000
    NOBLE AND GREENOUGH SCHOOL
    10 CAMPUS DRIVE
    DEDHAM,MA020264099     		  PC ANNUAL FUND AND MARATHON FUND 27,500
    OCEANA INC
    1350 CONNECTICUT AVE NW 5TH FLOOR
    WASHINGTON,DC20036     		  PC UNRESTRICTED 500
    PAN MASSACHUSETTS CHALLENGE TRUST
    77 FOURTH AVENUE
    NEEDHAM HEIGHTS,MA02494     		  PC 2018 PAN MASS CHALLENGE 1,500
    PINE TREE SOCIETY
    149 FRONT STREET
    BATH,ME04530     		  PC ANNUAL FUND 1,000
    PINE TREE SOCIETY
    149 FRONT STREET
    BATH,ME04530     		  PC UNRESTRICTED 250
    PISCATAQUIS COUNTY ECONOMIC DEVELOPMENT COUNCIL
    50 MAYO STREET
    DOVERFOXCROFT,ME04426     		  PC MAINE HIGHLANDS INVESTMENT PARTNERSHIP 40,000
    PORTLAND EDUCATION FOUNDATION
    353 CUMBERLAND AVE
    PORTLAND,ME04101     		  PC UNRESTRICTED 8,000
    PORTLAND TRAILS
    305 COMMERCIAL STREET
    PORTLAND,ME04101     		  PC UNRESTRICTED 10,000
    PROSPERITYME
    PO BOX 8013 SUITE 205
    PORTLAND,ME04104     		  PC UNRESTRICTED 5,000
    RED SOX FOUNDATION
    4 JERSEY STREET
    BOSTON,MA02215     		  PC 2018 FENWAY HONORS AND HALL OF FAME GALA 25,000
    SKI MUSEUM OF MAINE
    256 MAIN STREET PO BOX 359
    KINGFIELD,ME04947     		  PC ANNUAL FUND 1,000
    SNOW POND CENTER FOR THE ARTS
    8 GOLDENROD LN
    SIDNEY,ME04330     		  PC RENOVATION OF BOWL-IN-THE-PINES CONCERT FACILITY 65,000
    ST THOMAS MORE PLAY GROUP
    65 EAST 89TH STREET
    NEW YORK,NY10128     		  PC ANNUAL FUND 12,000
    THE FRIENDS OF BELGRADE LAKES VILLAGE
    PO BOX 331
    BELGRADE LAKES,ME04918     		  PC BELGRADE LAKES VILLAGE ENHANCEMENTS 40,000
    THOMAS COLLEGE
    180 W RIVER RD
    WATERVILLE,ME04901     		  PC BILL AND JOAN ALFOND SCHOLARS GRADUATE PROGRAM 31,655
    THOMAS COLLEGE
    180 W RIVER RD
    WATERVILLE,ME04901     		  PC THOMAS COLLEGE PARTNERSHIP WITH CENTRAL MAINE GROWTH COUNCIL 25,000
    TIDES INSTITUTE & MUSEUM OF ART
    43 WATER STREET PO BOX 161
    EASTPORT,ME04631     		  PC ART LINK 25,500
    TOWN OF BROWNVILLE
    586 MAIN RD
    BROWNVILLE,ME04414     		  GOV RECREATION DEPARTMENT IMPROVEMENTS 3,374
    TOWN OF DEXTER
    23 MAIN STREET
    DEXTER,ME04930     		  GOV DEXTER SUMMER CAMP 2018 6,900
    TWO TEN FOOTWEAR FOUNDATION
    1466 MAIN STREET
    WALTHAM,MA02451     		  PC UNRESTRICTED 210
    TWO TEN FOOTWEAR FOUNDATION
    1466 MAIN STREET
    WALTHAM,MA02451     		  PC SCHOLARSHIPS 210
    UNITED STATES BIATHLON ASSOCIATION INC
    49 PINELAND DR SUITE 301A
    NEW GLOUCESTER,ME04260     		  PC ANNUAL FUND 1,000
    UNIVERSITY OF MAINE AUGUSTA
    46 UNIVERSITY DRIVE
    ORONO,ME04469     		  PC NEW VENTURES MAINE ENTERPRISE FUND 10,000
    UNIVERSITY OF MAINE FOUNDATION
    TWO ALUMNI PLACE
    ORONO,ME04469     		  PC ELLEN LORING FUND 10,000
    WATERVILLE HISTORICAL SOCIETY
    62 SILVER STREET
    WATERVILLE,ME04901     		  PC ANNUAL FUND 1,000
    WILLIAMS COLLEGE
    75 PARK STREET
    WILLIAMSTOWN,MA01267     		  PC WOMEN'S FIELD HOCKEY AND LACROSSE 2,000
    Total .................................bullet 3a 4,304,866
    bApproved for future payment
    BETH ISRAEL CONGREGATION
    291 MAIN STREET
    WATERVILLE,ME04903     		  PC LOCAL SUPPORT FOR DIRECTOR OF EDUCATION AT BETH ISRAEL 35,000
    PISCATAQUIS COUNTY ECONOMIC DEVELOPMENT COUNCIL
    50 MAYO STREET
    DOVERFOXCROFT,ME04426     		  PC MAINE HIGHLANDS INVESTMENT PARTNERSHIP 160,000
    Total .................................bullet 3b 195,000
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    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 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....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 196,598  
    4 Dividends and interest from securities....     14 506,572  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     01 14,304  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		900099 31,213 18 -618,335  
    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).. 31,213 99,139 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    130,352
    (See worksheet in line 13 instructions 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 foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    1 NOT APPLICABLE
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    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 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    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) (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
    Sign Here
    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) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    THE BILL AND JOAN ALFOND FOUNDATION
     
    C/O DEXTER ENTERPRISES INC
    EIN:
    01-0421806
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION 7,375 1,844   5,531

    TY 2018 GeneralExplanationAttachment
    Name:
    THE BILL AND JOAN ALFOND FOUNDATION
     
    C/O DEXTER ENTERPRISES INC
    EIN:
    01-0421806
    Identifier Return Reference Explanation
    OFFICER COMPENSATION 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.

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    THE BILL AND JOAN ALFOND FOUNDATION
     
    C/O DEXTER ENTERPRISES INC
    EIN:
    01-0421806
    Name of Bond End of Year Book Value End of Year Fair Market Value
    SEARS HLDGS CORP NOTE CALL MAKE WHOLE 85,904 3,500

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE BILL AND JOAN ALFOND FOUNDATION
     
    C/O DEXTER ENTERPRISES INC
    EIN:
    01-0421806
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BERKSHIRE HATHAWAY COMMON STOCK CLASS A 88,487 23,256,000
    BERKSHIRE HATHAWAY COMMON STOCK CLASS B 40 10,413
    BERKSHIRE HATHAWAY COMMON STOCK CLASS A 14,671 8,568,000
    BERKSHIRE HATHAWAY COMMON STOCK CLASS B 15,078 1,080,112
    BERKSHIRE HATHAWAY COMMON STOCK CLASS B 34,203 2,450,160
    IMPERIAL METALS CORP NEW COMMON STOCK 102,199 18,495
    ST JOE COMPANY COMMON STOCK 221,991 154,089
    FREDDIE MAC PERPETUAL 8.37500% PREFERRED 53,008 81,193
    FEDERAL NATL MTG 8.24960% PREFERRED 98,050 125,142
    FEDERAL NATL MTG 0.00000% PREFERRED 10,417 45,046
    VISTA OUTDOOR INC COM 51,746 39,725
    CHESAPEAKE ENERGY CORP CUM PFD A 33,495 26,680

    TY 2018 InvestmentsOtherSchedule2
    Name:
    THE BILL AND JOAN ALFOND FOUNDATION
     
    C/O DEXTER ENTERPRISES INC
    EIN:
    01-0421806
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    LEGACY VENTURE FUNDS V & VI AT COST 1,791,116 3,599,907
    REALTY ASSOCIATES FUND VIII CORPORATION AT COST 246,812 16,373
    DEXTER GLOBAL EQUITY TE, LLC AT COST 5,925,859 6,235,937
    DEXTER INTERNATIONAL EQUITY TE, LLC AT COST 2,992,261 2,688,759
    DEXTER REAL ASSETS TE, LLC (PORTFOLIO 2) AT COST 2,150,732 2,703,299
    DEXTER US EQUITY TE, LLC AT COST 1,327,303 1,568,704
    DEXTER HEDGE FUND TE, LLC AT COST 1,415,922 2,994,327
    DEXTER PRIVATE EQUITY TE, LLC (PORTFOLIO 2) AT COST 1,352,094 1,942,975
    THE FAIRHOLME PARTNERSHIP, LP AT COST 522,992 236,288
    DEXTER FIXED INCOME TE AT COST 2,865,365 2,836,414
    DEXTER REAL ASSETS TE, LLC (PORTFOLIO 3) AT COST 146,008 183,520
    SPECIAL OPPORTUNITIES FUNDS AT COST 0 366,390

    TY 2018 OtherExpensesSchedule
    Name:
    THE BILL AND JOAN ALFOND FOUNDATION
     
    C/O DEXTER ENTERPRISES INC
    EIN:
    01-0421806
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FILING FEES 35 0   35
    OTHER DEDUCTIONS FROM FLOW-THRU ENTITIES 387,519 238,698   0
    CHARITABLE DEDUCTIONS FROM FLOW-THRU ENTITIES 87 0   87
    NONDEDUCTIBLE EXPENSES FROM FLOW-THRU ENTITIES 6,425 0   0
    INVESTMENT INTEREST FROM FLOW-THRU ENTITIES 6,319 5,278   0


    TY 2018 OtherIncomeSchedule2
    Name:
    THE BILL AND JOAN ALFOND FOUNDATION
     
    C/O DEXTER ENTERPRISES INC
    EIN:
    01-0421806
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME FROM PASS-THRUS 12,992 12,992 12,992
    CLASS ACTION PROCEEDS 312 312 312
    RECOVERY OF QUALIFIED DISTRIBUTION 1,000 0 0


    TY 2018 OtherLiabilitiesSchedule
    Name:
    THE BILL AND JOAN ALFOND FOUNDATION
     
    C/O DEXTER ENTERPRISES INC
    EIN:
    01-0421806
    Description Beginning of Year - Book Value End of Year - Book Value
    LINE OF CREDIT 0 2,028,390


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE BILL AND JOAN ALFOND FOUNDATION
     
    C/O DEXTER ENTERPRISES INC
    EIN:
    01-0421806
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DEXTER ENTERPRISES - INVESTMENT ADMINISTRATION 16,494 16,494   0
    DEXTER ENTERPRISES - GRANT ADMINISTRATION 49,482 0   49,482
    CONSULTING 132,591 0   132,591


    TY 2018 TaxesSchedule
    Name:
    THE BILL AND JOAN ALFOND FOUNDATION
     
    C/O DEXTER ENTERPRISES INC
    EIN:
    01-0421806
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES 33,000 0   0
    FOREIGN TAXES 19,656 19,656   0
    OTHER INVESTMENT TAXES 398 398   0