The Harold Alfond Foundation is a private foundation organized as a trust, created under the laws of the State of Maine. The Foundation is governed by a Board of Trustees, which meets periodically to decide which worthwhile public charities will receive support. The board consists of the following individuals, most of whom Harold Alfond knew well and selected personally.
Gregory W. Powell (Chairman) is the chief executive officer and president of Dexter Enterprises, Inc., where he also serves as a director. In 2005, Harold Alfond appointed Mr. Powell as chairman of the Foundation’s Board of Trustees. Mr. Powell knew Harold Alfond since childhood and in 1996, working with Alfond, founded Dexter Enterprises, Inc. Prior to 1996, Mr. Powell practiced law for 15 years concentrating his practice in litigation. He currently is a director of multiple family-held businesses, is an officer and trustee of other Alfond family foundations, is a former director of Spinnaker Trust, and has served on multiple boards of community organizations and educational institutions, including the University of New England. Mr. Powell is a graduate of Wesleyan University and the University of Maine School of Law.
Theodore B. Alfond, a son of Harold Alfond, served as a senior executive at Dexter Shoe Company, where he was executive vice president for sales. He currently serves as chairman of the board of Dexter Enterprises, Inc. and is a limited partner in the Boston Red Sox. With his wife, Barbara, Mr. Alfond created The Acorn Foundation in 1993. The Foundation supports educational and cultural institutions and conservation initiatives. Mr. Alfond serves on a number of nonprofit boards, including the executive committees of Historic New England, Weston Forest and Trails, and the Colby College Museum of Art; the visiting committees for American Art and Contemporary Art at the Museum of Fine Arts, Boston; and the boards of his alma maters Kents Hill School and Rollins College.
William L. Alfond, a son of Harold Alfond, served as a senior executive at Dexter Shoe Company, where he was president of the bowling shoe division. He currently serves as a director of Dexter Enterprises, Inc., a director of Olly Shoe in Canada, and is a limited partner in the Boston Red Sox. With his wife, Joan, Mr. Alfond created the William and Joan Alfond Foundation in 1986. The Foundation, of which Mr. Alfond is president, supports educational, healthcare, and other charitable institutions in Maine and Massachusetts. He serves on multiple boards of community and educational organizations, including the USA Biathlon Committee, Educare Central Maine, and his alma maters the Governor’s Academy and Colby College.
Peter G. Alfond, a son of Harold Alfond, served as a senior executive at Dexter Shoe Company, where he was president of PanAm Shoe, the base of Dexter’s Caribbean operations. He currently serves as a director of Dexter Enterprises, Inc. In 2007, he founded Kippur Corporation, an investment holding company in Puerto Rico that also oversees philanthropic initiatives in the Caribbean community. Mr. Alfond is the founder of the Peter Alfond Foundation, which he created in 1994. The Foundation supports educational, healthcare, and other charitable institutions in Maine, New England, and the Caribbean. He serves or has served on multiple boards and advisory committees of community and educational organizations, including MaineGeneral Health, the Eaglebrook School, and the Dorado Community Library in Puerto Rico. Mr. Alfond is a graduate of Rollins College.
Peter H. Lunder, a nephew of Harold Alfond, served as co-chairman, president, and CEO of Dexter Shoe Company. He is currently chairman of Kenilworth, Inc., a director of Dexter Enterprises, Inc., and is a former limited partner of the Boston Red Sox, board chairman of Pan Am Shoe Company, and president of OSCAP Ltd. With his wife, Paula, Mr. Lunder created The Lunder Foundation in 1988. The Foundation supports arts, education, and healthcare institutions in Maine and Massachusetts. He serves and has served on multiple boards and executive and visiting committees of community and educational organizations, including the Dana-Farber Cancer Center and the Smithsonian Institution. He holds honorary degrees from Colby College and Thomas College. Mr. Lunder is a graduate of Colby College, where he is a life overseer.
Steven P. Akin served in a variety of senior positions at Fidelity Investments, retiring in 2008 as president of Fidelity Personal Investments. He had previously served in senior positions in the telecommunications industry, including as president and CEO of COLT, a publicly traded London-based Pan-European company; president of Sprint Long Distance Consumer Services Group; senior vice president of Sprint National Customer Operations; chief operations officer at United Telephone Company Midwest Group; and chief operations officer for United Telephone of Indiana. He currently serves as a trustee of the Fidelity Management Trust Company, and on the boards of community and educational institutions, including Kents Hill School and Boston Lyric Opera, in both cases in the position of chairman. Mr. Akin is a graduate of Ohio Wesleyan University and Columbia University Business School’s Managing the Enterprise Program.
Robert A. Marden is a retired Waterville attorney and founder of the Marden Dubord law firm. He served in the roles of director for the Sugarloaf Mountain Corp. and BankNorth Peoples Heritage Bank Group, the latter for 25 years, 6 of which as chairman. Mr. Marden has served on the boards of numerous community organizations and educational institutions, including Colby College for 25 years, 2 of which as vice chairman, and Thayer Hospital. He has been elected to serve in various civic and government leadership roles, including president of the Maine State Senate and president of the Maine State Bar Association. Mr. Marden is a graduate of Colby College and the Boston University School of Law.
Lawrence R. Pugh served as chairman and CEO of VF Corporation, a lifestyle apparel company with over 14 brands, including Wrangler®, Lee Jeans®, and Vanity Fair®. He is also a former president of Samsonite Luggage Company and former director of Black and Decker and UNUM Corporation, where he also served as chairman. He serves on the boards or as an overseer of multiple community and educational institutions, including the Portland Museum of Art, the USA Biathlon Committee in the position of chairman, the Coastal Maine Botanical Gardens, and his alma mater Colby College, where he has been a director for nearly 30 years, 8 of which as chairman.
Theresa M. Stone is the former executive vice president and treasurer of the Massachusetts Institute of Technology. In that role, she served as MIT’s chief financial officer and was responsible for MIT’s non-academic operations. She is a member of the M.I.T. Corporation, where, prior to her administrative role at the Institute, she had spent ten years in a variety of board leadership positions, including chair of the MIT Investment Management Company. In May 2013, she joins the Board of American International Group. She is also a former director of Progress Energy Corporation (now Duke Energy); has served as deputy chair of the Board of the Federal Reserve Bank of Richmond; held various senior positions within the Jefferson-Pilot Corporation (now Lincoln Financial); was president of Chubb Life Insurance Company; and was principal with Morgan Stanley & Company. She serves or has served on multiple boards of community and educational organizations, including the Boston Symphony Orchestra; Museum of Fine Arts, Boston; Historic New England; University of North Carolina at Greensboro; and the United Way of Greensboro. Ms. Stone is a graduate of Wellesley College and M.I.T. Sloan.
B (L to R) Peter G. Alfond, William L. Alfond, Steven P. Akin, Peter H. Lunder,
F (L to R) Lawrence R. Pugh, Robert A. Marden, Gregory W. Powell, Theodore B. Alfond
FOUNDATION STAFF INFORMATION
The Harold Alfond Foundation is administered by Dexter Enterprises, Inc., an Alfond family-owned company, located in Portland, Maine, which manages the family’s investments, philanthropy, and business affairs. On behalf of the Trustees of the Harold Alfond Foundation, Dexter Enterprises’ staff applies its expertise to managing day to day Foundation activities: Gregory W. Powell serves as chief executive officer and president; Michael Ouellette serves as executive vice president and treasurer of the company, and manages investment oversight and tax compliance; Travis Cummings serves as vice president and secretary of the company, and oversees grant due diligence and grantee operational and financial performance; Gra Hatala serves as program officer and administers the grant programs, including processing grant applications, communicating with prospective and current grantees, and monitoring grant agreement and tax compliance; Mavourneen Goodman manages grant payments, insurance, investment transactions, and cash; Mary Ann Delsandro serves as office manager and executive assistant to Mr. Powell; and Alison Leonard serves as general counsel and oversees tax reporting for the company.
Harold Alfond Foundation Governing Documents and recent IRS Form 990s:
Code of Ethics Policy
Conflict of Interest Policy
Document Retention Policy
Whistleblower Protection Policy
IRS Form 990-PF (2011)
IRS Form 990-PF (2010)
IRS Form 990-PF (2009)
IRS Form 990-PF (2008)
IRS Form 990-PF (2007)