Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
HAROLD ALFOND FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)CO DEXTER ENTRPS TWO MONUMENT SQ
  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 right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$1,616,928,204J 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) 17
2 Check right arrow.............
3 Interest on savings and temporary cash investments 6,891,520 6,891,520  
4 Dividends and interest from securities... 13,347,984 12,794,547  
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
List of Attached Documents:
// Content
141,410,626
b Gross sales price for all assets on line 6a 162,046,127
7 Capital gain net income (from Part IV, line 2)... 69,817,488
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
List of Attached Documents:
// Content
9,371,675 3,440,660  
12 Total. Add lines 1 through 11........ 171,021,822 92,944,215  
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
List of Attached Documents:
// Content
27,989 11,196   16,793
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
43,490 17,396   26,094
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
2,423,226 1,287,664   1,135,562
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,568,136 508,424   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 54,692 21,877   32,815
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
19,450,912 14,407,738   11,896
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 25,568,445 16,254,295   1,223,160
25 Contributions, gifts, grants paid....... 102,710,085 102,710,085
26 Total expenses and disbursements. Add lines 24 and 25 128,278,530 16,254,295   103,933,245
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 42,743,292
b Net investment income (if negative, enter -0-) 76,689,920
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 62,852 55,765 55,765
2 Savings and temporary cash investments......... 16,790,858 22,207,661 22,207,661
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
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)....... 485,948,324 Click to see attachment
List of Attached Documents:
// Content
473,265,292 		817,211,056
c Investments—corporate bonds (attach schedule)....... 44,339,199 Click to see attachment
List of Attached Documents:
// Content
66,196,391 		63,788,715
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 446,979,454 Click to see attachment
List of Attached Documents:
// Content
473,969,116 		706,160,007
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
7,505,000 		Click to see attachment
List of Attached Documents:
// Content
7,505,000 		Click to see attachment
List of Attached Documents:
// Content
7,505,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,001,625,687 1,043,199,225 1,616,928,204
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 right arrow) Click to see attachment
List of Attached Documents:
// Content
3,272,402 		Click to see attachment
List of Attached Documents:
// Content
2,102,648
23 Total liabilities (add lines 17 through 22)......... 3,272,402 2,102,648
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 998,353,285 1,041,096,577
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 998,353,285 1,041,096,577
30 Total liabilities and net assets/fund balances (see instructions). 1,001,625,687 1,043,199,225
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
998,353,285
2
Enter amount from Part I, line 27a .....................
2
42,743,292
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
1,041,096,577
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,041,096,577
Form 990-PF (2024)
Form 990-PF (2024)
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   1993-11-07 2024-07-01
b LEGACY VENTURE IV PASS-THROUGH P 2006-07-01 2024-07-01
c LEGACY VENTURE V PASS-THROUGH P 2008-07-01 2024-07-01
d DEXTER FIXED INCOME TE PASS-THROUGH P 2014-07-01 2024-07-01
e DEXTER INTERNATIONAL EQUITY TE PASS-THROUGH P 2011-07-01 2024-07-01
DEXTER GLOBAL EQUITY TE PASS-THROUGH P 2011-07-01 2024-07-01
DEXTER US EQUITY TE PASS-THROUGH P 2011-07-01 2024-07-01
DEXTER HEDGE FUNDS TE PASS-THROUGH P 2013-07-01 2024-07-01
DEXTER REAL ASSETS TE PASS-THROUGH P 2012-07-01 2024-07-01
BLACKSTONE REAL ESTATE PASS-THROUGH P 2006-07-01 2024-07-01
DEXTER PRIVATE EQUITY TE PASS-THROUGH P 2012-07-01 2024-07-01
ADJUSTMENT FOR GAINS INCLUDED IN UBTI P 2023-07-01 2024-12-31
DISTRIBUTION FROM REALTY ASSOCIATES FUND IX PREVIOUSLY DISPOSED P 2023-07-01 2024-07-01
(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 6,274,460   1,333,046 4,941,414
b     5,798 -5,798
c 16,884     16,884
d     347,906 -347,906
e 4,067,347     4,067,347
3,423,060     3,423,060
18,542,351     18,542,351
7,949,575     7,949,575
2,595,175     2,595,175
247     247
29,752,974     29,752,974
    1,118,158 -1,118,158
323     323
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       4,941,414
b       -5,798
c       16,884
d       -347,906
e       4,067,347
      3,423,060
      18,542,351
      7,949,575
      2,595,175
      247
      29,752,974
      -1,118,158
      323
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 69,817,488
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
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 right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 1,065,990
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 1,065,990
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 1,065,990
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 591,133
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,058,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,649,133
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 583,143
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow583,143 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-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 the instructions
for the 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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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 XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowME, 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 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See 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 addressright arrowWWW.HAROLDALFONDFOUNDATION.ORG
14
The books are in care ofright arrowDEXTER ENTERPRISES LLC Telephone no.right arrow (207) 828-7999

Located atright arrowTWO MONUMENT SQUAREPORTLANDME ZIP+4right arrow04101
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, 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 right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-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? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(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)? ......................
1a(5)
 
No
(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.) ...............
1a(6)
 
No
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
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
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 2024? .............
1d
 
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-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))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
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
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
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? .................
5d
 
 
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? .............................
6a
 
No
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?
7a
 
No
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? .........................
8
 
No
Part VII
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
7.00 		0 0 0
C/O DEXTER ENT TWO MONUMENT SQUARE
PORTLAND,ME04101
WILLIAM L ALFOND TRUSTEE
7.00 		0 0 0
C/O DEXTER ENT TWO MONUMENT SQUARE
PORTLAND,ME04101
GREGORY W POWELL - SEE STATEMENT 18 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
BARRY MILLS TRUSTEE
7.00 		0 0 0
C/O DEXTER ENT TWO MONUMENT SQUARE
PORTLAND,ME04101
KATHARINE ALFOND TRUSTEE
7.00 		0 0 0
C/O DEXTER ENT TWO MONUMENT SQUARE
PORTLAND,ME04101
JUSTIN ALFOND TRUSTEE
7.00 		0 0 0
C/O DEXTER ENT TWO MONUMENT SQUARE
PORTLAND,ME04101
MICHAEL E DUBYAK TRUSTEE
7.00 		0 0 0
C/O DEXTER ENT TWO MONUMENT SQUARE
PORTLAND,ME04101
JENNIFER SEEMAN 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...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
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 ENTERPRISES LLC INVESTMENT & GRANT ADMINISTRATION 1,823,094
TWO MONUMENT SQUARE
PORTLAND,ME04101
DEXTER US EQUITY TE LLC INVEST PORTFOLIO DEDUCTIONS 1,543,149
TWO MONUMENT SQUARE
PORTLAND,ME04101
DEXTER HEDGE FUND TE LLC INVEST PORTFOLIO DEDUCTIONS 1,516,791
TWO MONUMENT SQUARE
PORTLAND,ME04101
DEXTER INTERNATIONAL EQUITY TE LLC INVEST PORTFOLIO DEDUCTIONS 946,371
TWO MONUMENT SQUARE
PORTLAND,ME04101
DEXTER GLOBAL EQUITY TE LLC INVEST PORTFOLIO DEDUCTIONS 934,475
TWO MONUMENT SQUARE
PORTLAND,ME04101
Total number of others receiving over $50,000 for professional services.............right arrow5
Part VIII-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 VIII-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 REVENUE SHARING AGREEMENT WITH A THIRD-PARTY TAX-EXEMPT ORGANIZATION WITH RESPECT TO AMOUNTS PREVIOUSLY EXPENDED BY THE FOUNDATION AS QUALIFIED DISTRIBUTIONS IN SUPPORT OF THE DEVELOPMENT OF A COMPUTER SCIENCE SECONDARY EDUCATION PROGRAM. THE PROGRAM CONSISTS OF A COMPUTER SCIENCE EDUCATION CURRICULUM AND COMPUTER SCIENCE TEACHER PROFESSIONAL DEVELOPMENT FOR GRADES 9 THROUGH 12. THE PARTIES TO THE AGREEMENT DESIRE AND EXPECT THE THIRD-PARTY TAX-EXEMPT ORGANIZATION WILL MAKE THE PROGRAM MORE BROADLY AVAILABLE TO HIGH SCHOOL STUDENTS AND EDUCATORS IN THE UNITED STATES AND WORLDWIDE. UNDER THE AGREEMENT, A PERCENTAGE OF ANY REVENUE COLLECTED BY THE THIRD-PARTY TAX-EXEMPT ORGANIZATION FROM THE PUBLICATION, LICENSING AND DISTRIBUTION OF THE PROGRAM WILL BE PAID TO THE FOUNDATION. 0
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
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
1,581,496,280
b
Average of monthly cash balances.......................
1b
12,727,297
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
1,594,223,577
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
1,594,223,577
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
23,913,354
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
1,570,310,223
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
78,515,511
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
78,515,511
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
1,065,990
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
677,116
c
Add lines 2a and 2b............................
2c
1,743,106
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
76,772,405
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
76,772,405
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 XII, line 1 ...
7
76,772,405
Part XI
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
103,933,245
b
Program-related investments—total from Part VIII-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 XII, line 4. .......
4
103,933,245
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 76,772,405
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023...... 6,315,142
f Total of lines 3a through e ........ 6,315,142
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 103,933,245
a Applied to 2023, but not more than line 2a 0
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 2024 distributable amount..... 76,772,405
e Remaining amount distributed out of corpus 27,160,840
5 Excess distributions carryover applied to 2024. 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 33,475,982
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
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 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		33,475,982
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023.... 6,315,142
e Excess from 2024.... 27,160,840
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-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 2024, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
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 IX, 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 XIV
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 right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 LLC 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 (2024)
Form 990-PF (2024)
Page 11
Part XIV
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,ME049180250 		  PC CONSERVING LAND AND WATERS OF THE BELGRADE LAKES 500,000

ALFOND SCHOLARSHIP FOUNDATION

482 CONGRESS ST STE 303
PORTLAND,ME041013437 		  SO I MY ALFOND GRANT OPERATIONS 2024 1,527,000

ALFOND SCHOLARSHIP FOUNDATION

482 CONGRESS ST STE 303
PORTLAND,ME041013437 		  SO I MY ALFOND GRANT SCHOLARSHIPS 2024 5,609,911

ALFOND YOUTH & COMMUNITY CENTER

126 NORTH STREET
WATERVILLE,ME04901 		  PC STRATEGIC LONG TERM CAPITAL AND DEVELOPMENT SUSTAINABILITY AT THE ALFOND YOUTH CENTER 318,450

ALFOND YOUTH & COMMUNITY CENTER

126 NORTH STREET
WATERVILLE,ME04901 		  PC AYCC LITTLE LEAGUE 150

ALFOND YOUTH & COMMUNITY CENTER

126 NORTH STREET
WATERVILLE,ME04901 		  PC DEVELOPMENT SUSTAINABILITY AT THE ALFOND YOUTH & COMMUNITY CENTER 350,000

ALFOND YOUTH & COMMUNITY CENTER

126 NORTH STREET
WATERVILLE,ME04901 		  PC CAMP TRACY IMPROVEMENTS AND EXPANSION 2,000,000

AROOSTOOK MENTAL HEALTH SERVICES INC

PO BOX 1018
CARIBOU,ME04736 		  PC AROOSTOOK TEEN LEADERSHIP CAMP (ATLC) PROGRAM 2,500

BELGRADE REGIONAL HEALTH CENTER

PO BOX 304
BELGRADE LAKES,ME049180304 		  PC GENERAL FACILITIES SUPPORT 15,000

BETH ISRAEL CONGREGATION

291 MAIN STREET
WATERVILLE,ME04903 		  PC FOUNDATION AND THE FUTURE CAMPAIGN 109,639

BIGELOW LABORATORY FOR OCEAN SCIENCES

60 BIGELOW DRIVE
EAST BOOTHBAY,ME04544 		  PC BIGELOW INNOVATION AND EDUCATION WING 3,869,390

BRUNSWICK-TOPSHAM LAND TRUST INC

179 NEPTUNE DRIVE SUITE 200
BRUNSWICK,ME04011 		  PC UNRESTRICTED 2,000

COLBY COLLEGE

4130 MAYFLOWER HILL
WATERVILLE,ME049018846 		  PC UNRESTRICTED 20,000

COLBY COLLEGE

4130 MAYFLOWER HILL
WATERVILLE,ME049018846 		  PC ART CENTER AND HOTEL 2,000,612

EDUCARE CENTRAL MAINE

97 WATER ST
WATERVILLE,ME049016339 		  PC HAROLD ALFOND SCHOLARSHIPS CONTINUITY OF CARE 250,000

FOCUSMAINE

128 STATE ST
AUGUSTA,ME04330 		  PC UNRESTRICTED 15,000

FOCUSMAINE

128 STATE ST
AUGUSTA,ME04330 		  PC FOCUSMAINE PHASE 3 IMPLEMENTATION (YEARS 7-9) 2,260,000

FULL PLATES FULL POTENTIAL

14 MAINE STREET BOX 3
BRUNSWICK,ME04011 		  PC UNRESTRICTED 5,000

GULFSHORE PLAYHOUSE

2640 GOLDEN GATE PKWY SUITE 211
NAPLES,FL34105 		  PC UNRESTRICTED 65,000

THE INTERNATIONAL INSTITUTE OF NEW ENGLAND

2 BOYLSTON ST 3RD FLOOR
BOSTON,MA02116 		  PC UNRESTRICTED 5,000

JOBS FOR MAINE'S GRADUATES INC

65 STONE STREET
AUGUSTA,ME04330 		  PC A PROPOSAL TO SCALE, STRENGTHEN AND SUSTAIN JMGS COLLEGE SUCCESS PROGRAM 1,926,461

KENNEBEC BEHAVIORAL HEALTH

67 EUSTIS PARKWAY
WATERVILLE,ME04901 		  PC OPERATING SUPPORT 2,000

MAINE CHILDRENS HOME FOR LITTLE WANDERERS

93 SILVER ST
WATERVILLE,ME049015923 		  PC UNRESTRICTED 15,000

MAINE MATHEMATICS AND SCIENCE ALLIANCE

343 WATER STREET
AUGUSTA,ME04330 		  PC STEM WORKFORCE READY MAINE 2030 1,987,890

MAINE PUBLIC BROADCASTING NETWORK

1450 LISBON ST
LEWISTON,ME04240 		  PC UNRESTRICTED 13,000

MAINEGENERAL HEALTH

35 MEDICAL CENTER PARKWAY
AUGUSTA,ME04330 		  SO III HAROLD ALFOND CENTER FOR CANCER CARE EXPANSION 14,535,638

NATIONAL TRUST FOR LOCAL NEWS

405 WALTHAM STREET 319
LEXINGTON,MA02421 		  PC UNRESTRICTED 35,000

NATIONAL TRUST FOR LOCAL NEWS

405 WALTHAM STREET 319
LEXINGTON,MA02421 		  PC PRESERVATION OF COMMUNITY AND LOCAL NEWS IN MAINE 1,500,000

NORTHEASTERN UNIVERSITY

360 HUNTINGTON AVE
BOSTON,MA021155005 		  PC THE HAROLD ALFOND SCHOLARS INITIATIVE AT THE ROUX INSTITUTE 12,000,000

PAUL TAYLOR DANCE FOUNDATION

551 GRAND ST
NEW YORK,NY10002 		  PC UNRESTRICTED 40,000

SPECTRUM GENERATIONS

PO BOX 2589
AUGUSTA,ME043382589 		  PC MEALS ON WHEELS 1,200

SUSAN L CURTIS FOUNDATION

1321 WASHINGTON AVE SUITE 104
PORTLAND,ME04103 		  PC CAMP SUSAN CURTIS YOUTH DEVELOPMENT PROGRAM 14,700

THE CENTER FOR GRIEVING CHILDREN

555 FOREST AVE
PORTLAND,ME041011504 		  PC UNRESTRICTED 10,000

MAINE COMMUNITY COLLEGE SYSTEM

323 STATE ST
AUGUSTA,ME043307149 		  PC THE CENTER FOR THE ADVANCEMENT OF MAINES WORKFORCE: BUILDING A MORE PROSPEROUS MAINE 4,454,529

THE JACKSON LABORATORY

600 MAIN ST
BAR HARBOR,ME04609 		  PC MAINE CANCER GENOMICS INITIATIVE 2.0 2,500,000

THE PIONEER INSTITUTE

185 DEVONSHIRE STREET SUITE 1101
BOSTON,MA02110 		  PC UNRESTRICTED 5,000

THOMAS COLLEGE

180 W RIVER RD
WATERVILLE,ME049015066 		  PC CATALYZING GROWTH IN CENTRAL MAINE AND BEYOND 3,000,000

UNIVERSITY OF MAINE FOUNDATION

TWO ALUMNI PLACE
ORONO,ME044695792 		  PC ALFOND FUND 500,000

UNIVERSITY OF MAINE FOUNDATION

TWO ALUMNI PLACE
ORONO,ME044695792 		  PC UNIVERSITY OF MAINE ATHLETICS MASTER FACILITIES PLAN 28,000,000

UNIVERSITY OF MAINE SYSTEM

15 ESTABROOKE DRIVE
ORONO,ME04469 		  PC REVITALIZE GRADUATE & PROFESSIONAL CENTER & ENGINEERING, COMPUTING, & INFO SCIENCE 7,000,000

UNIVERSITY OF MAINE SYSTEM

15 ESTABROOKE DRIVE
ORONO,ME04469 		  PC UNRESTRICTED 25,000

UNIVERSITY OF NEW ENGLAND

11 HILLS BEACH RD
BIDDEFORD,ME04005 		  PC THE INSTITUTE FOR INTERPROFESSIONAL EDUCATION & PRACTICE AT UNE 4,502,515

WATERVILLE CREATES

10 WATER ST SUITE 106
WATERVILLE,ME04901 		  PC OPERATING SUPPORT 1,600,000

WATERVILLE CREATES

10 WATER ST SUITE 106
WATERVILLE,ME04901 		  PC WATERVILLE OPERA HOUSE SEASON SPONSORSHIP 15,000

WATERVILLE HISTORICAL SOCIETY

62 SILVER STREET
WATERVILLE,ME04901 		  PC WATERVILLE CENTER FOR LOCAL HISTORY AND CULTURE 102,500
Total .................................right arrow 3a 102,710,085
bApproved for future payment

ALFOND SCHOLARSHIP FOUNDATION
482 CONGRESS ST STE 303
PORTLAND,ME041013437 		  SO I MY ALFOND GRANT SCHOLARSHIPS 2024 600,089

ALFOND SCHOLARSHIP FOUNDATION
482 CONGRESS ST STE 303
PORTLAND,ME041013437 		  SO I MY ALFOND GRANT OPERATIONS 2024 73,000

FRIENDS OF QUARRY ROAD
PO BOX 2032
WATERVILLE,ME04903 		  PC SUSTAINING A VIBRANT SKIING COMMUNITY IN WATERVILLE 712,500

HUSSON UNIVERSITY
1 COLLEGE CIRCLE
BANGOR,ME04401 		  PC EXPANDING TECHNOLOGY AND INNOVATION - FY25 AND FY26 1,560,170

MAINE COMMUNITY COLLEGE SYSTEM
323 STATE ST
AUGUSTA,ME043307149 		  PC BUILDING A MORE PROSPEROUS MAINE 72,566,742

NORTHEASTERN UNIVERSITY
360 HUNTINGTON AVE
BOSTON,MA021155005 		  PC HAROLD ALFOND CENTER AT THE ROUX INSTITUTE 100,000,000

THE FRIENDS OF BELGRADE LAKES VILLAGE
PO BOX 331
BELGRADE LAKES,ME04918 		  PC BELGRADE LAKES VILLAGE ENHANCEMENTS: PHASE 2 /PARKING LOT 100,000

WATERVILLE CREATES
10 WATER ST SUITE 106
WATERVILLE,ME04901 		  PC OPERATING SUPPORT 2025 - 2027 7,900,000
Total ................................. right arrow 3b 183,512,501
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-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 6,891,520  
4 Dividends and interest from securities ....     14 13,347,984  
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 9,371,675  
8 Gain or (loss) from sales of assets other than
inventory ............ 		900099 1,118,158 18 140,292,468  
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) .. 1,118,158 169,903,647 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
171,021,805
(See worksheet in line 13 instructions to verify calculations.)
Part XV-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 XV-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 (2024)
Form 990-PF (2024)
Page 13
Part XVI
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.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
HAROLD ALFOND FOUNDATION
EIN:
22-3281672
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION 43,490 17,396   26,094

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 GainLossSaleOtherAssetsSch
Name:
HAROLD ALFOND FOUNDATION
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 2010-07 DONATED 2024-07   89,423,731 18,948,751 COST 0 70,474,980  

TY 2024 GeneralExplanationAttachment
Name:
HAROLD ALFOND FOUNDATION
EIN:
22-3281672
Identifier Return Reference Explanation
FOUNDATION TRUSTEE POWELL ADDITIONAL INFORMATION FORM 990-PF, PART VII GREGORY POWELL IS AN EMPLOYEE OF DEXTER ENTERPRISES, LLC. DEXTER ENTERPRISES, LLC IS COMPENSATED UNDER A MANAGEMENT CONTRACT WITH THE FOUNDATION. SEE STATEMENT 6 FOR DEXTER ENTERPRISES, LLC 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 2024 InvestmentsCorpBondsSchedule
Name:
HAROLD ALFOND FOUNDATION
EIN:
22-3281672
Name of Bond End of Year Book Value End of Year Fair Market Value
DEXTER FIXED INCOME TE, LLC 66,196,391 63,788,715

TY 2024 InvestmentsCorpStockSchedule
Name:
HAROLD ALFOND FOUNDATION
EIN:
22-3281672
Name of Stock End of Year Book Value End of Year Fair Market Value
BERKSHIRE HATHAWAY CL B 45,925,036 85,819,049
BERKSHIRE HATHAWAY CL A 17,099,196 230,831,880
DEXTER GLOBAL EQUITY TE, LLC 103,762,614 115,973,674
DEXTER INTERNATIONAL EQUITY TE, LLC 130,349,925 120,067,632
DEXTER US EQUITY TE, LLC 174,477,203 256,219,956
FIRST HORIZON NATIONAL CO. 184 0
BRKA/B STOCK SET ASIDE FOR ALFOND LEADERS PROGRAM (FAME) 1,651,134 8,298,865

TY 2024 InvestmentsOtherSchedule2
Name:
HAROLD ALFOND FOUNDATION
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 741,143 4,215
LEGACY VENTURE FUNDS AT COST 1,191,399 1,588,524
TISHMAN SPEYER INVESTMENTS: INDIA REAL ESTATE VENTURE AT COST 313,499 175,297
DEXTER HEDGE FUNDS TE, LLC AT COST 120,190,497 213,889,480
DEXTER PRIVATE EQUITY TE, LLC AT COST 242,348,955 359,672,854
DEXTER REAL ASSETS TE, LLC AT COST 108,470,834 130,248,232
AMERICAN INFRASTRUCTURE MLP AT COST 537,876 152,640
OLYMPIA X AT COST 120,882 251,726
PRECISION CAPITAL AT COST 54,031 171,298
OZ ADVISORS AT COST 0 5,741

TY 2024 LegalFeesSchedule
Name:
HAROLD ALFOND FOUNDATION
EIN:
22-3281672
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 27,989 11,196   16,793


TY 2024 OtherAssetsSchedule
Name:
HAROLD ALFOND FOUNDATION
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
COASTAL MAINE BOTANICAL GARDENS PRI RECEIVABLE 7,500,000 7,500,000 7,500,000


TY 2024 OtherExpensesSchedule
Name:
HAROLD ALFOND FOUNDATION
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 2,144,340 1,666,880   0
NON DEDUCTIBLE EXPENSE PASS THRU FROM K-1S 222,822 0   0
CHARITABLE DONATIONS PASS THRU FROM K-1S 3,527 0   3,527
RENTAL LOSS FROM PASS-THRU K-1S 2,473,934 945,231   0
ROYALTY DEDUCTIONS FROM PASS-THRU K-1S 120,147 120,147   0
INSURANCE 13,198 5,279   7,919
OTHER DEDUCTIONS PASS-THRU FROM K-1S 14,472,194 11,669,901   0
FILING FEES 750 300   450


TY 2024 OtherIncomeSchedule2
Name:
HAROLD ALFOND FOUNDATION
EIN:
22-3281672
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ROYALTY INCOME FROM PASS-THRU K-1S 1,002,336 924,932 1,002,336
ORDINARY INCOME FROM PASS-THRU K-1S 5,641,642 436,465 5,641,642
OTHER INCOME FROM PASS-THRU K-1S 2,276,167 2,079,263 2,276,167
TAX-EXEMPT INCOME FROM PASS-THRU K-1S 17,983 0 17,983
FEDERAL UBTI REFUND 433,547 0 433,547


TY 2024 OtherLiabilitiesSchedule
Name:
HAROLD ALFOND FOUNDATION
EIN:
22-3281672
Description Beginning of Year - Book Value End of Year - Book Value
ALFOND LEADERS PROGRAM SET ASIDE 3,272,402 2,102,648


TY 2024 OtherProfessionalFeesSchedule
Name:
HAROLD ALFOND FOUNDATION
EIN:
22-3281672
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DEXTER ENTERPRISES, LLC 1,823,094 729,238   1,093,856
INVESTMENT CONSULTING FEES 558,426 558,426   0
GRANT CONSULTING SERVICES 41,706 0   41,706


TY 2024 TaxesSchedule
Name:
HAROLD ALFOND FOUNDATION
EIN:
22-3281672
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 508,424 508,424   0
NET INVESTMENT INCOME TAXES 2,673,000 0   0
NET STATE UBIT TAXES 386,712 0   0