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UMaine Today Magazine


Lasting Impression

70 Years
 

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Seventy years ago, members of the University of Maine Class of 1909 invested in the future of their alma mater by presenting a $1,000 check to the newly formed University of Maine Foundation. Today, that donation has grown into an endowed scholarship fund that has touched the lives of many UMaine students.

That initial investment and many others through the years have brought the University of Maine Foundation's total assets to $125 million, including more than 800 endowment funds.

As one of the largest and oldest public university foundations in New England, the University of Maine Foundation provides more than $4 million annually in scholarships and other forms of financial support for UMaine students, faculty and programs.

Since its inception on June 9, 1934, the foundation has existed to encourage gifts and bequests to promote academic achievement, foster research and elevate intellectual pursuits. Nearly 60 percent of foundation funding to UMaine supports student scholarships.

Today, the breadth and depth of the University of Maine Foundation can be characterized in one word diversification. From the geographic range of its members to the 14 managers of investment portfolios and the myriad of giving options available to donors, diversification is the hallmark of its success.

"Lasting Impression" features a memorable person or event in UMaine history.

 

UMaine Today Magazine
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The University of Maine
, Orono, Maine 04469
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