gift

$240M gift to Maine university system the largest ever given to New England public educational institution

The University of Maine System said Wednesday it will receive $240 million from the state’s largest philanthropy, making the public university system the recipient of the largest investment ever made in a public educational institution in New England.

The $240 million gift is the largest one out of $500 million the Harold Alfond Foundation pledged on Tuesday to a variety of higher education and research institutions around the state as part of a long-term initiative to create future jobs and improve Maine people’s skills.

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