Updates and Resources from the Alfond Scholarship Foundation!

April is Financial Literacy Month—The Perfect Time to Learn!

Did you know MyAlfondGrant’s Financial Learning Lab offers free resources to help you make smart financial decisions for yourself and your child?

Explore engaging, easy-to-follow playlists on topics like How to Save & Invest, Paying for College, Financial Health, and Adulting. Whether you want to refresh your own knowledge or introduce your child to important money concepts, there’s something for everyone!

April is the perfect time to build financial confidence. Click below to start exploring!

Visit the Financial Learning Lab

My $500, My Future

Design Your Dream Money Contest

This year during Financial Literacy Month, FAME and the Alfond Scholarship Foundation invite Maine students in grades 1–6 to get creative! As part of FAME’s Invest in ME Reads initiative, kids can design their very own $500 bill for a chance to win great prizes. This contest is designed to inspire young people to learn about money and dream about their future!

Bonus: All participants will receive a special water bottle sticker!

Entries can be submitted between April 1–30, 2025, and must be postmarked by April 30, 2025 for a chance to win prizes.

Learn more about the rules and how to enter:

Design Your Dream Money Contest

Maine Families Benefit from the Alfond Grant

In February, we invited parents and caregivers to share how their child's Alfond Grant has made a difference in their lives. Here are some of your inspiring stories!

"As a 38-year-old, I just finished paying off my student loans, and I'm so grateful for the Alfond Grant to get me to think ahead for my kids so they aren't saddled with debt in the future. When I told my mom that both of my children received Alfond Grants upon their birth, she was so inspired that she decided to contribute $100 on each of their birthdays and for Christmas to their accounts."

- Elizabeth, Wells

"Learning about the Alfond Grant while pregnant with my daughter inspired us to take advantage of this awesome Maine program and begin investing for her future education! By setting up automatic contributions, we've been able to grow that account without much extra effort. We've seen firsthand how much of a difference it makes to start early and invest -- even a little at a time -- and we're excited to have some savings to help pay for college when the time comes!"

- Kelsey, North Yarmouth

Having the Alfond Grant has helped me think deeper and plan better for my son's life after school. Having the opportunity to have a starting point [for savings] and knowing others are also invested in my son's future feels so special. Thank you! We will continue to save when we can and family contribution is a fun option for holidays."

- Julie, Searsport

Make a Difference in Your Community:

Be an Alfond Grant Ambassador!

Love connecting with your community? Want to help families build a bright future—while getting compensated for your time? You may be the perfect fit to become an Alfond Grant Ambassador!

Our amazing Ambassadors are trusted voices in their communities, helping families build bright futures for Maine kids. We’re especially looking for Ambassadors in Aroostook, Penobscot, Waldo, Piscataquis, Somerset, Franklin, Oxford and Kennebec counties!

As an Ambassador, you may:

Share info and materials about the $500 Alfond Grant at local libraries, daycares, schools, parent groups, and events.
Spread the word in your own social circles to help Maine families access valuable resources.
Get compensated with gift cards for your time and effort!

It only takes one person to make a big impact. Fill out our interest form today!

Let's get in touch!

FAQ Spotlight:

Will the $500 Alfond Grant make a difference?

Since the $500 Alfond Grant is invested at an early age, it has at least 18 years to have the potential to grow.

While we can’t predict just how much the Alfond Grant will be worth when a child goes on to higher education, we do know any money you have on hand is money you or your child won’t have to borrow, and repay with interest!

In addition to the practical benefit of real money invested for Maine’s children, we hope that the Alfond Grant has the added benefit of helping to raise aspirations for Maine children and encouraging parents and children alike by demonstrating our belief in every child’s potential.

See more FAQs here

New Blog Post:

10 Ways to Encourage Dinner Table Conversations with Kids

Want to keep communication open with your kids as they grow? Family meals are a great time to connect! Check out our new blog post for simple tips designed to help spark fun and meaningful conversations at the dinner table.

Check it out!

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