During his lifetime, Harold Alfond – as well as being a hugely successful businessman – set up the Harold Alfond Foundation as an avenue for his philanthropical giving. At the time of its establishment in Maine – in 1950, there were no other such private foundations.
Within the five decades of its establishment, the Harold Alfond Foundation donated around $100 million to various causes. As of 2008 the value of its asset donation was $106 million. This includes: enhancement of sports facilities (including: the Alfond Arena, Maine University’s Alfond Stadium, the Rollins College Harold and Ted Alfond Sports Center), academic institutions (contribution of $10 million to build the primary academic hall at the Saint Joseph’s College of Maine.
Harold Alfond was also instrumental – alone and through his foundation – in bolstering Readfield’s Kents Hill School. The Alfond Athletics Center and the Alfond Athletic Fields were constructed in 2001 and 2008 respectively. Three years later the Akin Learning Center was built with a donation of $2.3 million. And in 2015 $3.5 million was received to build a new dining hall.
There have been many huge ways Alfond donated in his lifetime and at the end of his life – having battled cancer for 17 years – he donated $7 million to Augusta’s MaineGeneral Medical (Cancer Care) Center.