The Alfond Scholarship Foundation (ASF) is a non-profit organization created by Harold Alfond, a Maine businessman and philanthropist, to invest the $500 Alfond Grant at birth for every Maine resident baby for their future education.
For every baby born a Maine resident1 since 2013, the Alfond Scholarship Foundation invests a $500 Alfond Grant for his or her future qualified higher education expenses. The Alfond Scholarship Foundation invests these funds until the child is ready to use them. The funds can be used for education after high school – college or university, certificate programs and trade schools. And the funds can be used in Maine or out of state. Children awarded the Alfond Grant have until age 28 to use it.