MATCHING PROGRAM

Additional Opportunity!

The University of Maine Foundation was officially incorporated on June 9, 1934, but much preliminary activity dating back to July 1930, preceded the organization. The Class of 1909 has the distinction of making the first gift to the Foundation. They presented University of Maine President Dr. Harold S. Boardman a check for $1,000 that night, June 9, 1934, at the Annual Alumni Banquet, designating it as the first gift to the Foundation.

To celebrate the upcoming 90th Anniversary on June 24, 2024, University of Maine Foundation President Jeffery N. Mills announced a matching gift program in honor of the Foundation’s 90th anniversary on June 9, 2024. The 25% match will encourage the establishment of new scholarship endowments and gifts to existing scholarship endowment funds for the benefit of the University of Maine.

An extension of this matching program has been made possible by a generous gift to support scholarships from the estate of Tonda L. Olson, who graduated from the University of Maine in 1964.

Minimum gifts of $8,000 ($2,000 match) and maximum gifts of $80,000 ($20,000 match) will be matched per donor. Commitments may be paid over five years 2023-2028. New and existing endowed scholarship funds will be matched on the same basis.

The entry-level to establish a named scholarship fund is $10,000. With this matching program, donors can create a fund with only $8,000. The matching gift offer will be in effect until December 31, 2024; however, there are limited funds available for the match. The Foundation reserves the right to discontinue the program at any time. Matching funds will be applied annually on December 31 of the year that the total gift is fulfilled. All gift installments must be received by December 31, 2028 to qualify for the match.

The last matching gift program created by the Foundation was completed in 2020 as part of UMaine’s Vision for Tomorrow comprehensive campaign, led by the University of Maine Foundation. That program raised over $3.8 million in new scholarship support in addition to the $1 million donation by an anonymous donor which provided the matching funds.