A prominent Maine philanthropic organization said Tuesday that it is granting more than $500 million to “high-performing” institutions that it said will help build Maine’s future.
The Harold Alfond Foundation said the grants, which range from $5 million to $240 million, will be given to innovative higher education and research organizations that can help create jobs, educate and build skills.
“Our state faces unprecedented challenges,” said Greg Powell, chair of the Harold Alfond Foundation. “In the face of these challenges, we still see a bright, prosperous future for the people of Maine.”
Gov. Janet Mills said the investment will “fuel new opportunities for Maine people and diversify and expand our economy at a critical moment in our state’s history.” The institutions that will receive the grants will support the goals of Maine’s 10-year economic development plan.
The grant recipients are the new Roux Institute at Northeastern University in Portland, the