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
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 or province, country, and ZIP or foreign postal code
PORTLAND, ME04101
A Employer identification number

22-3281672
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$818,413,859J 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 2,528,633 2,528,633  
4 Dividends and interest from securities... 7,787,728 7,615,132  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 28,648,826
b Gross sales price for all assets on line 6a 39,815,576
7 Capital gain net income (from Part IV, line 2)... 19,301,968
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 564,731 373,367  
12 Total. Add lines 1 through 11........ 39,529,918 29,819,100  
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 64,052 6,444   57,608
b Accounting fees (attach schedule)....... Click to see attachment 23,450 9,380   14,070
c Other professional fees (attach schedule).... Click to see attachment 1,216,248 592,837   623,411
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,052,877 321,262   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 40,778 16,311   24,467
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 8,592,972 5,520,500   4,845
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 10,990,377 6,466,734   724,401
25 Contributions, gifts, grants paid....... 41,311,781 40,959,865
26 Total expenses and disbursements. Add lines 24 and 25 52,302,158 6,466,734   41,684,266
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -12,772,240
b Net investment income (if negative, enter -0-) 23,352,366
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............. 5,130 55,695 55,695
2 Savings and temporary cash investments......... 10,046,084 5,480,947 5,480,947
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)....... 352,444,594 Click to see attachment328,957,277 497,631,951
c Investments—corporate bonds (attach schedule)....... 45,132,533 Click to see attachment46,045,048 45,579,810
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 190,533,501 Click to see attachment205,202,551 269,660,456
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment5,000 Click to see attachment5,000 Click to see attachment5,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 598,166,842 585,746,518 818,413,859
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 attachment4,000,000 Click to see attachment4,351,916
23 Total liabilities (add lines 17 through 22)......... 4,000,000 4,351,916
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........ 594,166,842 581,394,602
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)..... 594,166,842 581,394,602
31 Total liabilities and net assets/fund balances (see instructions). 598,166,842 585,746,518
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
594,166,842
2
Enter amount from Part I, line 27a .....................
2
-12,772,240
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
581,394,602
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
581,394,602
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 REALTY ASSOCIATES FUND IX CORPORATION P    
b PUBLICLY TRADED SECURITIES D    
c OCH ZIFF CAPITAL PASS-THROUGH P    
d SPECIAL OPPS III PASS-THROUGH P    
e LEGACY VENTURE IV PASS-THROUGH P    
LEGACY VENTURE V PASS-THROUGH P    
BLACKSTONE REAL ESTATE PASS-THROUGH P    
DEXTER HEDGE FUNDS TE PASS-THROUGH P    
DEXTER TS US PASS-THROUGH P    
DEXTER TS INDIA FUND PASS-THROUGH P    
DEXTER US EQUITY TE PASS-THROUGH P    
DEXTER FIXED INCOME TE PASS-THROUGH P    
DEXTER INTERNATIONAL EQUITY PASS-THROUGH P    
DEXTER GLOBAL EQUITY TE PASS-THROUGH P    
DEXTER PRIVATE EQUITY PASS-THROUGH P    
DEXTER REAL ASSETS PASS-THROUGH P    
CLASS ACTION PROCEEDS P    
ADJUSTMENT FOR GAINS INCLUDED IN UBTI 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 43,611     43,611
b 11,610,886     11,610,886
c 8,132     8,132
d 360,011     360,011
e 132,808     132,808
274,037     274,037
235,534     235,534
1,549,856     1,549,856
    913,147 -913,147
    34,082 -34,082
    3,236,466 -3,236,466
    500,375 -500,375
3,000,418     3,000,418
2,847,161     2,847,161
1,620,873     1,620,873
3,043,775     3,043,775
570     570
    741,634 -741,634
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       43,611
b       11,610,886
c       8,132
d       360,011
e       132,808
      274,037
      235,534
      1,549,856
      -913,147
      -34,082
      -3,236,466
      -500,375
      3,000,418
      2,847,161
      1,620,873
      3,043,775
      570
      -741,634
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 19,301,968
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 46,351,343 776,253,417 0.059712
2016 37,663,163 733,858,913 0.051322
2015 35,704,178 735,472,955 0.048546
2014 32,953,278 727,180,835 0.045316
2013 28,392,988 664,218,594 0.042746
2
Total of line 1, column (d) .....................
2
0.247642
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
0.049528
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
818,392,416
5
Multiply line 4 by line 3......................
5
40,533,340
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
233,524
7
Add lines 5 and 6........................
7
40,766,864
8
Enter qualifying distributions from Part XII, line 4,.............
8
42,036,182
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 1 233,524
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........................... 3 233,524
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- ..... 5 233,524
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 426,672
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.............. 7 426,672
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 10 193,148
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet193,148 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, CA
    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 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 —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
    Yes
     
    .........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). Click to see attachment
    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
    THEODORE B ALFOND TRUSTEE
    2.00     		0 0 0
    C/O DEXTER ENT TWO MONUMENT SQUARE
    PORTLAND,ME04101
    WILLIAM L ALFOND TRUSTEE
    1.00     		0 0 0
    C/O DEXTER ENT TWO MONUMENT SQUARE
    PORTLAND,ME04101
    GREGORY W POWELL - SEE STATEMENT 15 TRUSTEE
    27.00     		0 0 0
    C/O DEXTER ENT TWO MONUMENT SQUARE
    PORTLAND,ME04101
    PETER H LUNDER TRUSTEE
    1.00     		0 0 0
    C/O DEXTER ENT TWO MONUMENT SQUARE
    PORTLAND,ME04101
    STEVEN P AKIN TRUSTEE
    8.00     		0 0 0
    C/O DEXTER ENT TWO MONUMENT SQUARE
    PORTLAND,ME04101
    THERESA M STONE TRUSTEE
    7.00     		0 0 0
    C/O DEXTER ENT TWO MONUMENT SQUARE
    PORTLAND,ME04101
    DAVID T FLANAGAN TRUSTEE
    7.00     		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 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
    DEXTER PRIVATE EQUITY TE LLC INVEST PORTFOLIO DEDUCTIONS 1,722,371
    TWO MONUMENT SQUARE
    PORTLAND,ME04101
    DEXTER US EQUITY TE LLC INVEST PORTFOLIO DEDUCTIONS 1,104,458
    TWO MONUMENT SQUARE
    PORTLAND,ME04101
    DEXTER ENTERPRISES INC INVESTMENT & GRANT ADMINISTRATION 978,744
    TWO MONUMENT SQUARE
    PORTLAND,ME04101
    DEXTER REAL ASSETS TE LLC INVEST PORTFOLIO DEDUCTIONS 846,102
    TWO MONUMENT SQUARE
    PORTLAND,ME04101
    DEXTER INTERNATIONAL EQUITY TE LLC INVEST PORTFOLIO DEDUCTIONS 745,819
    TWO MONUMENT SQUARE
    PORTLAND,ME04101
    Total number of others receiving over $50,000 for professional services.............bullet4
    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  
    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
    820,021,972
    b
    Average of monthly cash balances.......................
    1b
    10,833,273
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    830,855,245
    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
    830,855,245
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    12,462,829
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    818,392,416
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    40,919,621
    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
    40,919,621
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    233,524
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    233,524
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    40,686,097
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    40,686,097
    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
    40,686,097
    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
    41,684,266
    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
    351,916
    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
    42,036,182
    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
    233,524
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    41,802,658
    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 40,686,097
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 2,532,894
    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$ 42,036,182
    a Applied to 2017, but not more than line 2a 2,532,894
    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..... 39,503,288
    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 ..........     		1,182,809
    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).)
    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:
    REFER TO GRANT GUIDELINES AT WWWHAR
    DEXTER ENTERPRISES INC TWO MONUMENT
    SQUARE
    PORTLAND,ME04101
    (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 (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
    BELGRADE REGIONAL CONSERVATION ALLIANCE DBA 7 LAKES ALLIANCE
    PO BOX 250
    BELGRADE LAKES,ME04918     		  PC BRCA CAPACITY-BUILDING (YEAR 2) 610,000
    ABBOTT MEMORIAL LIBRARY
    1 CHURCH STREET
    DEXTER,ME04930     		  PC ABBOTT MEMORIAL LIBRARY EXTERIOR RENOVATION PROJECT 212,000
    ALFOND SCHOLARSHIP FOUNDATION
    15 MONUMENT SQUARE 2ND FLOOR
    PORTLAND,ME04101     		  SO I 2018 OPERATIONS 705,000
    ALFOND SCHOLARSHIP FOUNDATION
    15 MONUMENT SQUARE 2ND FLOOR
    PORTLAND,ME04101     		  SO I ASF SCHOLARSHIP PAYMENTS 2018 5,485,977
    ALFOND SCHOLARSHIP FOUNDATION
    15 MONUMENT SQUARE 2ND FLOOR
    PORTLAND,ME04101     		  SO I QUARTERLY FAME EXPENSES 2018 200,000
    ALFOND YOUTH CENTER
    126 NORTH STREET
    WATERVILLE,ME04901     		  PC ALFOND LITTLE LEAGUE 150
    ALFOND YOUTH CENTER
    126 NORTH STREET
    WATERVILLE,ME04901     		  PC STRATEGIC LONG TERM CAPITAL AND DEVELOPMENT SUSTAINABILITY AT THE ALFOND YOUTH CENTER 641,912
    ALFOND YOUTH CENTER
    126 NORTH STREET
    WATERVILLE,ME04901     		  PC WELLNESS PROJECT 1,061,856
    AMERICAN UNIVERSITY IN BULGARIA
    910 17TH ST NW SUITE 1100
    WASHINGTON,DC20006     		  PC UNRESTRICTED 10,000
    AROOSTOOK MENTAL HEALTH SERVICES INC
    PO BOX 1018
    CARIBOU,ME04736     		  PC AROOSTOOK TEEN LEADERSHIP CAMP (ATLC) PROGRAM 500
    ARTS FOUNDATION OF CAPE COD
    396 MAIN STREET
    HYANNIS,MA02601     		  PC UNRESTRICTED 4,500
    BELGRADE REGIONAL CONSERVATION ALLIANCE
    PO BOX 250
    BELGRADE LAKES,ME04918     		  PC EAST POND RESTORATION TREATMENT 200,000
    BELGRADE REGIONAL CONSERVATION ALLIANCE
    PO BOX 250
    BELGRADE LAKES,ME04918     		  PC BRCA CAPACITY BUILDING (YEAR 1) 200,000
    BELGRADE REGIONAL HEALTH CENTER
    PO BOX 304
    BELGRADE LAKES,ME04918     		  PC PATIENT WORKFLOW REMODELING 15,000
    BETH ISRAEL CONGREGATION
    PO BOX 1882
    WATERVILLE,ME04903     		  PC OPERATIONS 50,000
    BOYS AND GIRLS CLUBS OF PUERTO RICO
    PO BOX 79526
    CAROLINA,PR009849526     		  PC PHASE I OF VIMENTI PROJECT 500,000
    CENTER FOR CURRICULUM REDESIGN
    10 JAMAICAWAY 18
    BOSTON,MA02130     		  PC CS AND BIOTECH EDUCATION FOR EMPLOYABILITY AND LIFE 132,887
    CENTER FOR CURRICULUM REDESIGN
    10 JAMAICAWAY 18
    BOSTON,MA02130     		  PC CYBERPANTHERS CS PATH FOR EDUCATION, EMPLOYABILITY AND LIFE 440,000
    CHILDREN'S CENTER EARLY INTERVENTION AND FAMILY SUPPORT
    1 ALDEN AVE
    AUGUSTA,ME043300000     		  PC UNRESTRICTED 5,000
    COASTAL MAINE BOTANICAL GARDENS INC
    PO BOX 234
    BOOTHBAY,ME04537     		  PC 2015-2035 MASTER PLAN (GRANT) 1,500,000
    COBSCOOK COMMUNITY LEARNING CENTER
    10 COMMISSARY POINT ROAD
    TRESCOTT TWP,ME04652     		  PC HEARTWOOD CLASSROOMS 175,000
    COLBY COLLEGE
    4000 MAYFLOWER HILL
    WATERVILLE,ME049018846     		  PC ATHLETICS CENTER 10,000,000
    COLBY COLLEGE
    4000 MAYFLOWER HILL
    WATERVILLE,ME049018846     		  PC WATERVILLE DOWNTOWN DEVELOPMENT FUND 793,139
    EAGLES NEST FOUNDATION INCORPORATED
    43 HART RD
    PISGAH FOREST,NC28768     		  PC UNRESTRICTED 2,500
    EDUCATE MAINE
    482 CONGRESS STREET SUITE 303
    PORTLAND,ME04101     		  PC ELEVATE SOMERSET: RURAL EARLY CHILDHOOD EDUCATION REPLICATION 250,000
    FOUNDATION FOR A STRONG MAINE ECONOMY
    125 COMMUNITY DRIVE SUITE 101
    AUGUSTA,ME04330     		  PC FOCUSMAINE YEARS ONE TO THREE OF TEN-YEAR IMPLEMENTATION PLAN 1,812,181
    GOOD WILL-HINCKLEY
    PO BOX 159
    HINCKLEY,ME04944     		  PC MOODY SCHOOL RENOVATION 2,750,000
    GULFSHORE PLAYHOUSE
    1010 5TH AVE S SUITE 205
    NAPLES,FL341026408     		  PC UNRESTRICTED 10,000
    JOBS FOR MAINE'S GRADUATES INC
    65 STONE STREET
    AUGUSTA,ME04330     		  PC ENDOWMENT AND COLLEGE & CAREER SUCCESS INITIATIVE 581,716
    KENNEBEC BEHAVIORAL HEALTH
    67 EUSTIS PARKWAY
    WATERVILLE,ME04901     		  PC ANNUAL FUND 2,000
    KENNEBEC BEHAVIORAL HEALTH
    67 EUSTIS PARKWAY
    WATERVILLE,ME04901     		  PC CENTER FOR RECOVERY AND WELLBEING 317,448
    KENNEBEC VALLEY DENTAL COALITION INC
    93 MAIN ST THIRD FLOOR SUITE 15
    WATERVILLE,ME04901     		  PC PROJECT TO PRESERVE SAFETY NET ORAL HEALTH SERVICES FOR CENTRAL MAINE 500,000
    MAINE CANCER FOUNDATION
    170 US ROUTE 1 SUITE 250
    FALMOUTH,ME04105     		  PC UNRESTRICTED 5,000
    MAINE COMMUNITY FOUNDATION INC
    245 MAIN STREET
    ELLSWORTH,ME04605     		  PC KENNEBEC COUNTY FUND 10,000
    MAINE IRISH HERITAGE CENTER
    PO BOX 7588
    PORTLAND,ME04112     		  PC UNRESTRICTED 10,000
    MAINE SPORTS COMMISSION
    44 LAKESIDE DRIVE
    FALMOUTH,ME04105     		  NC 2018 #SHERULES SYMPOSIUM 5,000
    MAINEGENERAL HEALTH
    35 MEDICAL CENTER PARKWAY
    AUGUSTA,ME043308160     		  PC DIGITAL STRATEGY DEVELOPMENT 250,000
    MAINEGENERAL HEALTH
    35 MEDICAL CENTER PARKWAY
    AUGUSTA,ME043308160     		  PC REVENUE AND EFFICIENCY ENHANCEMENT AND EXPENSE REDUCTION INITIATIVES 1,000,000
    MAINEHEALTH
    110 FORE STREET
    PORTLAND,ME04101     		  SO III THE DEVELOPMENT OF AN INTEGRATED, PATIENT-CENTERED ONCOLOGY SERVICE LINE FOR MAINE 856,450
    MAINEGENERAL HEALTH
    35 MEDICAL CENTER PARKWAY
    AUGUSTA,ME043308160     		  PC THE DEVELOPMENT OF AN INTEGRATED, PATIENT-CENTERED ONCOLOGY SERVICE LINE FOR MAINE 143,550
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY
    77 MASSACHUSETTS AVENUE
    CAMBRIDGE,MA02139     		  PC UNRESTRICTED 40,000
    OLYMPIA SNOWE WOMEN'S LEADERSHIP INSTITUTE
    ONE CANAL PLAZA SUITE 501
    PORTLAND,ME04101     		  PC SUPPORT FOR LONG-TERM SUSTAINABLE DELIVERY OF THE OLYMPIA SNOWE WOMEN'S LEADERSHIP PROGRAMMING STATEWIDE IN MAINE 500,000
    SEEDS OF PEACE INC
    370 LEXINGTON AVE SUITE 1201
    NEW YORK,NY10017     		  PC WATERVILLE AND WINSLOW SEEDS PROGRAM 25,000
    SPECTRUM GENERATIONS
    ONE WESTON COURT
    AUGUSTA,ME04338     		  PC MEALS ON WHEELS PROGRAM 1,200
    SUSAN CURTIS FOUNDATION
    1321 WASHINGTON AVE SUITE 104
    PORTLAND,ME04103     		  PC CAMP SUSAN CURTIS YOUTH DEVELOPMENT PROGRAM 14,400
    THE CAHOON MUSEUM OF AMERICAN ART INC
    PO BOX 1853
    COTUIT,MA02635     		  PC UNRESTRICTED 14,000
    THE FOUNDATION FOR MAINE'S COMMUNITY COLLEGES
    54 LIGHTHOUSE CIRCLE
    SOUTH PORTLAND,ME04106     		  PC AN INITIATIVE FOR INNOVATION IN WORKFORCE TRAINING AND DELIVERY AT MAINE'S COMMUNITY COLLEGES 1,400,000
    THE FRIENDS OF BELGRADE LAKES VILLAGE
    PO BOX 331
    BELGRADE LAKES,ME04918     		  PC BELGRADE LAKES VILLAGE ENHANCEMENTS 120,000
    THE MAINE CHILDREN'S HOME FOR LITTLE WANDERERS
    93 SILVER STREET
    WATERVILLE,ME04901     		  PC ANNUAL FUND 15,000
    THE MUSICIAN'S AID SOCIETY OF NEW YORK
    233 BROADWAY SUITE 2208
    NEW YORK,NY10279     		  POF UNRESTRICTED 5,000
    THE PIONEER INSTITUTE
    185 DEVONSHIRE STREET SUITE 1101
    BOSTON,MA02110     		  PC UNRESTRICTED 9,000
    UNITED WAY OF MID-MAINE INC
    105 KENNEDY MEMORIAL DRIVE
    WATERVILLE,ME04901     		  PC UNITED WAY OF MID-MAINE ANNUAL FUND 12,500
    UNIVERSITY OF MAINE FOUNDATION
    TWO ALUMNI PLACE
    ORONO,ME044695792     		  PC ATHLETICS LEADERSHIP 25,000
    UNIVERSITY OF MAINE FOUNDATION
    TWO ALUMNI PLACE
    ORONO,ME044695792     		  PC PROPOSAL TO CREATE "THE ALFOND FUND" TO SUPPORT UMAINE ATHLETIC EXCELLENCE 500,000
    UNIVERSITY OF MAINE SYSTEM
    16 CENTRAL STREET
    BANGOR,ME04401     		  PC LEADERSHIP ENDOWMENT 9,223
    UNIVERSITY OF MAINE SYSTEM
    16 CENTRAL STREET
    BANGOR,ME04401     		  PC MAINE CENTER FOR GRADUATE PROFESSIONAL STUDIES 500,000
    UNIVERSITY OF MAINE SYSTEM
    16 CENTRAL STREET
    BANGOR,ME04401     		  PC UNIVERSITY OF MAINE LEADERSHIP ENDOWMENT 4,990,777
    VIRGINIA FOUNDATION FOR COMMUNITY COLLEGE
    300 ARBORETUM PLACE SUITE 200
    RICHMOND,VA23236     		  PC UNRESTRICTED 10,000
    WATERVILLE DEVELOPMENT CORPORATION
    ONE COMMON STREET
    WATERVILLE,ME04901     		  PC SUPPORT OF CGI INC.'S BUSINESS EXPANSION TO WATERVILLE 200,000
    WATERVILLE OPERA HOUSE IMPROVEMENT ASSOCIATION
    93 MAIN STREET 3RD FLOOR
    WATERVILLE,ME04901     		  PC 2018-2019 SEASON 15,000
    WATERVILLE REGIONAL ARTS AND COMMUNITY CENTER (WRACC)
    93 MAIN STREET
    WATERVILLE,ME04901     		  PC 2019 -2023 OPERATING SUPPORT 1,000,000
    WATERVILLE REGIONAL ARTS AND COMMUNITY CENTER (WRACC)
    93 MAIN STREET
    WATERVILLE,ME04901     		  PC WATERVILLE CREATES! VISION AND ACTION PLAN 105,000
    Total .................................bullet 3a 40,959,866
    bApproved for future payment
    BOYS & GIRLS CLUBS OF PUERTO RICO INC
    PO BOX 79526
    CAROLINA,PR009849526     		  PC PHASE I OF VIMENTI PROJECT 500,000
    CENTER FOR CURRICULUM REDESIGN
    10 JAMAICAWAY 18
    BOSTON,MA02130     		  PC CYBERPANTHERS CS PATH FOR EDUCATION, EMPLOYABILITY AND LIFE 441,000
    COLBY COLLEGE
    4000 MAYFLOWER HILL
    WATERVILLE,ME049018846     		  PC ATHLETICS CENTER 10,000,000
    THE FOUNDATION FOR MAINE'S COMMUNITY COLLEGES
    54 LIGHTHOUSE CIRCLE
    SOUTH PORTLAND,ME04106     		  PC AN INITIATIVE FOR INNOVATION IN WORKFORCE TRAINING AND DELIVERY AT MAINE'S COMMUNITY COLLEGES 2,200,000
    JOBS FOR MAINE'S GRADUATES INC
    65 STONE STREET
    AUGUSTA,ME04330     		  PC ENDOWMENT AND COLLEGE & CAREER SUCCESS INITIATIVE 3,826,863
    WATERVILLE REGIONAL ARTS AND COMMUNITY CENTER (WRACC)
    93 MAIN STREET
    WATERVILLE,ME04901     		  PC 2019 -2023 OPERATING SUPPORT 4,000,000
    Total .................................bullet 3b 20,967,863
    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 2,528,633  
    4 Dividends and interest from securities....     14 7,787,728  
    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.....     14 564,731  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		900099 741,634 18 27,907,192  
    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).. 741,634 38,788,284 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    39,529,918
    (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:
    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 23,450 9,380   14,070

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    TY 2018 ExpenditureResponsibilityStmt
    Name:
    HAROLD ALFOND FOUNDATION
     
    C/O DEXTER ENTERPRISES INC
    EIN:
    22-3281672
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    WATERVILLE DEVELOPMENT CORPORATION
          		ONE COMMON STREET
    WATERVILLE,ME04901     		2016-06-30 1,000,000 FOR WATERVILLE DEVELOPMENT CORPORATION TO SUPPORT BUSINESS EXPANSION AND JOB GROWTH IN WATERVILLE, SPECIFICALLY THROUGH CGI'S EXPANSION TO THE CITY. 600,000 TO THE BEST OF THE GRANTOR'S KNOWLEDGE, THERE WERE NO DIVERTED FUNDS. AUGUST 15, 2017; JULY 10, 2018; SEPTEMBER 25, 2019 2019-09-25 THE GRANTOR VERIFIED WATERVILLE DEVELOPMENT CORPORATION SUPPORTED THE EXPANSION OF CGI TO WATERVILLE BY PROVIDING GRANT FUNDS IN SUPPORT OF CGI'S EXPENDITURES REQUIRED TO DEVELOP NEW TECHNOLOGIES AND PRODUCTS IN THE FINANCIAL SERVICES AND OTHER INDUSTRIES. THE GRANTOR OBTAINED REPRESENTATIONS FROM THE GRANTEE IN THE GRANTEE'S ANNUAL EXPENDITURE RESPONSIBILITY REPORT THAT THE GRANTEE HAS EXPENDED $600,000 OF GRANT FUNDS TO CGI AND THAT CGI, IN TURN, HAS EXPENDED $482,377.99 OF GRANT FUNDS IN COMPLIANCE WITH THE TERMS OF THE GRANT AGREEMENT. THE GRANTOR HAS VALID REASONS TO BELIEVE THE $117,622.01 OF FUNDS YET TO BE EXPENDED BY CGI WILL BE EXPENDED IN COMPLIANCE WITH THE TERMS OF THE GRANT AGREEMENT. THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE.
    MAINE SPORTS COMMISSION
          		44 LAKESIDE DRIVE
    FALMOUTH,ME04105     		2018-02-23 5,000 TO SUPPORT THE 2018/2019 SHE RULES SYMPOSIUM 4,415 TO THE BEST OF THE GRANTOR'S KNOWLEDGE, THERE WERE NO DIVERTED FUNDS. AUGUST 16, 2017; OCTOBER 16, 2018; AUGUST 15, 2019 2019-08-15 THE GRANTOR OBTAINED REPRESENTATIONS FROM THE GRANTEE IN THE GRANTEE'S ANNUAL EXPENDITURE RESPONSIBILITY REPORT THAT GRANT FUNDS WERE EXPENDED IN COMPLIANCE WITH THE TERMS OF THE GRANT AGREEMENT. THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE.

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    TY 2018 GainLossSaleOtherAssetsSch
    Name:
    HAROLD ALFOND FOUNDATION
     
    C/O DEXTER ENTERPRISES INC
    EIN:
    22-3281672
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    PUBLICLY TRADED SECURITIES DONATED   DONATED     15,087,904 6,482,680   0 8,605,224  

    TY 2018 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.
    DISTRIBUTION OF PROPERTY FOR CHARITY 990-PF, PART I, LINE 6A, COLUMN A UNDER REGULATION 53.4940-1, A DISTRIBUTION OF PROPERTY FOR CHARITABLE PURPOSES UNDER SECTION 170(C)(1) OR (2)(B) MADE BY A FOUNDATION TO A CHARITABLE ORGANIZATION IS NOT TREATED AS A TAXABLE SALE OR DISPOSITION. THE CAPITAL GAIN RECORDED ON THE BOOKS IS NOT TAXABLE; THEREFORE, THE PROPERTY DISTRIBUTION IS EXCLUDED FROM NET INVESTMENT INCOME, LINE 7, COLUMN (B).

    TY 2018 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 46,045,048 45,579,810

    TY 2018 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
    BERKSHIRE HATHAWAY CL B 20,133,941 45,652,606
    BERKSHIRE HATHAWAY CL A 84,015,234 190,332,000
    DEXTER GLOBAL EQUITY TE, LLC 47,076,442 51,366,468
    DEXTER INTERNATIONAL EQUITY TE, LLC 78,572,752 75,524,249
    DEXTER US EQUITY TE, LLC 82,950,180 98,036,628
    MAINEGENERAL PROGRAM RELATED INVESTMENT 100 SH BRKA COLLATERAL ACCOUNT 13,507,273 30,600,000
    BRKA STOCK SET ASIDE FOR ALFOND LEADERS PROGRAM (FAME) 2,701,455 6,120,000

    TY 2018 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
    BLACKSTONE REAL ESTATE PARTNERS V AND VI, LP AT COST 1,150,248 395,358
    LEGACY VENTURE FUNDS AT COST 2,496,409 5,158,639
    SPECIAL OPPORTUNITIES FUNDS AT COST 0 794,700
    TISHMAN SPEYER INVESTMENTS: INTERNATIONAL REAL ESTATE VENTURE AT COST 662,077 54,542
    TISHMAN SPEYER INVESTMENTS: INDIA REAL ESTATE VENTURE AT COST 659,385 310,044
    TISHMAN SPEYER INVESTMENTS: 201 FOLSOM INVESTOR FEEDER, LP AT COST 32,551 36,520
    REALTY ASSOCIATES IX AT COST 0 1,689
    DEXTER HEDGE FUNDS TE, LLC AT COST 94,145,243 117,942,619
    DEXTER PRIVATE EQUITY TE, LLC AT COST 60,059,636 87,619,403
    DEXTER REAL ASSETS TE, LLC AT COST 38,478,264 49,819,220
    WINDJAMMER COMMUNICATION HOLDINGS, LLC AT COST 18,554 0
    FIRST HORIZON NATIONAL CO. AT COST 184 263
    COASTAL MAINE BOTANICAL GARDENS PRI RECEIVABLE AT COST 7,500,000 7,500,000
    OCH ZIFF CAPITAL ADVISORS AT COST 0 27,459

    TY 2018 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 64,052 6,444   57,608


    TY 2018 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


    TY 2018 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 PASS THRU FROM K-1S 354,873 251,105   0
    NON DEDUCTIBLE EXPENSE PASS THRU FROM K-1S 129,728 0   0
    CHARITABLE DONATIONS PASS THRU FROM K-1S 3,064 0   3,064
    RENTAL LOSS FROM PASS-THRU K-1S 463,581 175,616   0
    ORDINARY LOSS FROM PASS-THRU K-1S 645,826 0   0
    ROYALTY DEDUCTIONS FROM PASS-THRU K-1S 62,573 62,573   0
    INSURANCE 2,969 1,188   1,781
    OTHER DEDUCTIONS PASS-THRU FROM K-1S 6,930,358 5,030,018   0


    TY 2018 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
    ROYALTY INCOME FROM PASS-THRU K-1S 115,384 115,236 115,384
    ORDINARY INCOME FROM PASS-THRU K-1S 58,761 0 58,761
    RENTAL INCOME FROM PASS-THRU K-1S 5,572 529 5,572
    OTHER INCOME FROM PASS-THRU K-1S 385,014 257,602 385,014


    TY 2018 OtherLiabilitiesSchedule
    Name:
    HAROLD ALFOND FOUNDATION
     
    C/O DEXTER ENTERPRISES INC
    EIN:
    22-3281672
    Description Beginning of Year - Book Value End of Year - Book Value
    ALFOND LEADERS PROGRAM SET ASIDE PAYABLE BY 12/31/2025 4,000,000 4,351,916


    TY 2018 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, INC. 978,744 391,498   587,246
    INVESTMENT MANAGEMENT FEES 1,339 1,339   0
    INVESTMENT CONSULTING FEES 200,000 200,000   0
    GRANT CONSULTING SERVICES 36,165 0   36,165


    TY 2018 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 321,262 321,262   0
    NET INVESTMENT INCOME TAXES 723,000 0   0
    NET STATE UBIT TAXES 8,615 0   0