The Chronicle of Philanthropy

$360-Million Bequest Will Benefit
Foundation in Maine

By Maria Di Mento

Harold Alfond, the founder of the Dexter Shoe Company who died in November, has bequeathed approximately $360-million — his entire life savings — to the Harold Alfond Foundation, in Portland, Me. He established the foundation in 1950.

The foundation has not yet received the money because Mr. Alfond's estate hasn't been...

To continue reading this Premium article, you must have a Chronicle account AND a subscription or online pass.

Subscriptions start at $42.50 for 12 issues; a 24-hour Web pass for under $10.

 

Subscribe | About The Chronicle | Contact us | Terms of use | Privacy policy | Help