Maine philanthropist's foundation to exceed $500M in assets: "PORTLAND, Maine (AP) — The assets of a foundation established more than 50 years ago by philanthropist Harold Alfond are poised to exceed more than $500 million, a sum its chairman says could have a 'transformative effect' on Maine.
Alfond, the founder of Dexter Shoe Co., died in November, leaving his life savings to the foundation that bears his name. The foundation’s current assets stand at $140 million, a fraction of the total it will have when Alfond’s estate is settled."
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