Lasting Impression
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.
