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The extraordinarily generous $240 million grant from the Harold Alfond Foundation requires the University of Maine System to raise $150 million in leveraging funds (or “match”) over the next 10 years of the grant period. Traditional individual/philanthropic donor fundraising undertaken by our university foundations; private corporate philanthropy pursued through grant writing at the local, state or federal level; state and federal public competitive or directed funding; and state bonds or debt service that underwrite capital construction projects associated with the UMS TRANSFORMS initiatives can all count toward our match requirements.
Ferrini-Mundy, Joan and Thelen, James, "UMS Transforms Update, Memo 2" (2021). General University of Maine Publications. 1060.
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