UMaine system is beneficiary of $240M from Harold Alfond Foundation

UMaine system is beneficiary of $240M from Harold Alfond Foundation

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NEW AT FIVE- THE UNIVERSITY OF MAINE SYSTEM IS ABOUT TO GET A GIFT OF 240 MILLION DOLLARS IT’S THE LARGEST GIFT TO A PUBLIC INSTITUTION OF HIGHER EDUCATION IN NEW ENGLAND’S HISTORY THE COMMITMENT OVER THE NEXT 12 YEARS IS PART OF A 500 MILLION DOLLAR GIFT FROM THE HAROLD ALFOND FOUNDATION. UNIVERSITY OFFICIALS SAY THE MONEY WILL BE USED TO TRANSFORM FACILITIES, PROVIDE RESOURCES TO FACULTY, SUPPORT STUDENTS, AND SPEED UP ECONOMIC OPPORTUNITIES FOR MAINE. ” THERE’S CRITICAL NEED FOR ENGINEERS FOR EXPERTS IN COMPUTATIONAL AREAS AND WE SEE MANY RETIREMENTS COMING WE ALSO SEE NEW SECTORS EVOLVING AND GROWING AND WE WILL BE POSITIONED THROUGHOUT THE UNIVERSITY SYSTEM TO ENSURE THE TALENT IS THERE TO BUILD THAT ECONOMIC INFRASTRUCTURE FOR TOMORROW IN MAINE” OFFICIALS SAY 75 MILLION DOLLARS WILL BE USED TO BUILD A MULTI UNIVERSITY COLLEGE OF ENGINEERING, COMPUTING AND INFORMATION SCIENCE 90 MILLION GOES TO ATHLETICS.

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UMaine system is beneficiary of $240M from Harold Alfond Foundation

Officials say a $240 million commitment by the Harold Alfond Foundation to the University of Maine System is the largest gift to a public institution of higher education in New England history. The commitment over the next 12 years is part of a $500 million gift aimed at providing an economic boost to the state. Chancellor Dannel Malloy said the funding will be used to transform academic collaborations and facilities, provide resources to faculty, support student success, and accelerate workforce and economic opportunities for Maine.

Officials say a $240 million commitment by the Harold Alfond Foundation to the University of Maine System is the largest gift to a public institution of higher education in New England history.

The commitment over the next 12 years is part of a $500 million gift aimed at providing an economic boost to the state.

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Chancellor Dannel Malloy said the funding will be used to transform academic collaborations and facilities, provide resources to faculty, support student success, and accelerate workforce and economic opportunities for Maine.