November 19, 2007
Maine philanthropist dies at 93
Harold Alfond, the former owner of Dexter Shoe Company and a well-known philanthropist, died Friday at the age of 93.
Alfond made his fortune at the helm of Dexter Shoe, which he founded in 1957 and was sold to Warren Buffet's Berkshire-Hathaway Inc. in 1993 for stock worth about $438.5 million.
The Harold Alfond Foundation, Maine's first private foundation, has given more than $100 million to charitable organizations throughout the state, including $3 million for the Harold Alfond Athletic Center at Colby College in Waterville, $5 million for the Goodwill-Hinckley Homes for Boys and Girls and $7 million to the Harold Alfond Center for Cancer Care at MaineGeneral Medical Center, which opened this summer, according to the Bangor Daily News.
Alfond made his fortune at the helm of Dexter Shoe, which he founded in 1957 and was sold to Warren Buffet's Berkshire-Hathaway Inc. in 1993 for stock worth about $438.5 million.
The Harold Alfond Foundation, Maine's first private foundation, has given more than $100 million to charitable organizations throughout the state, including $3 million for the Harold Alfond Athletic Center at Colby College in Waterville, $5 million for the Goodwill-Hinckley Homes for Boys and Girls and $7 million to the Harold Alfond Center for Cancer Care at MaineGeneral Medical Center, which opened this summer, according to the Bangor Daily News.
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