Knowledge

Harold Alfond

Source 📝

256:
started appearing on all the heavily traveled roads throughout New England. Other manufacturers caught on to the idea and as Dexter put up new stores, other manufacturers would open their outlets next door. By the 1990s, the Dexter Factory Outlet chain had expanded to over 80 stores. About this time, Dexter also stopped building freestanding log cabins and began leasing stores in
353:
was looking for a Maine sportsman to join them. Alfond was the obvious choice and ever since Dexter has been a limited partner in the franchise. When Dexter was sold to Berkshire Hathaway in 1993, the Alfond family retained its stake in the team, a stake that remains in the hands of two of his sons.
255:
factory and started selling his own factory seconds. Soon, the factories weren't making enough mistakes to supply the store, so Harold decided to put in stale inventory (first grade shoes that weren't selling in the wholesale market). This worked so well that Dexter's log-cabin-style outlet stores
325:
in Readfield, Maine. Kents Hill opened the Alfond Athletics Center in 2001 and the Alfond Athletic Fields - the largest turf complex in New England - in 2008 after receiving substantial gifts. In 2011, Kents Hill received a $ 2.3 million gift for the construction of its Akin Learning Center. Most
239:
Although Dexter was successful from the beginning, Alfond tired of being controlled by a few large customers and decided to go into the "branded" business. He developed a line of shoes under the Dexter name, hired a sales force and began selling to independent shoe stores across the country.
333:
The Alfond Scholarship Foundation introduced the "Harold Alfond College Challenge" in January 2009. Through the program, a $ 500 grant is given to every Maine resident who is enrolled before his or her first birthday; the money is intended to help Maine families plan for education beyond
195:
immigrants Simon and Rose Alfond. Harold, his brother David, and four sisters, Anne, Bertha, Gladys and Grace, grew up in Swampscott and attended Swampscott schools. In high school, Harold was an outstanding athlete and developed his passion for sports.
251:. The practice in the industry was to sell these shoes to jobbers for about a dollar a pair, who would then resell them for five times their cost. Alfond thought that was a pretty good mark-up, so in the 1960s he opened an outlet store at Dexter's 318:. In December 2003, five years after his $ 1.65-million donation for the athletic and recreation center, Alfond contributed $ 1 million to St. Joseph's towards the $ 10 million needed to build Alfond Hall, the college's primary academic hall. 271:, with an agreement to not interfere with the family's continued management of the business. In 1993, Dexter and its affiliates, Pan Am Shoe and Ocsap Ltd., were sold for $ 433 million in stock; eight years later 329:
In 2007, having lived with cancer for 17 years, Alfond donated $ 7 million to a cancer care center at MaineGeneral Medical Center in Augusta. The center is named the Harold Alfond Center for Cancer Care.
390:
In 1943, Alfond married Dorothy Levine, who was also Jewish; they raised four children: Ted, Susan, Bill, and Peter who grew to provide them with thirteen grandchildren. His wife died in December 2005.
263:
Dexter continued to grow rapidly throughout the 1970s and 1980s and from time to time, corporate suitors came calling to see whether they could entice Dexter into a marriage. Many were national
267:
that promised rapid expansion, but would emphasize foreign production and likely, a departure from Dexter's family style of running the business. Alfond eventually decided to sell to
976: 33: 284: 473: 782: 208:, where his father worked. In a short time, he rose from odd shoe boy to factory superintendent. In 1940, Alfond and his father bought a shoe factory in 906: 586: 287:. Between 1950 and 2003, the foundation has contributed more than $ 100 million to charitable causes, and as of 2008 had over $ 106 million in assets. 856: 212:, and founded Norrwock Shoe Company. They sold the company to Shoe Corp. of America in 1943 and Simon Alfond stayed on as president for 25 years. 556: 941: 346:
In addition to his donations to colleges for improvements to their sports facilities, Alfond demonstrated his support of sports in other ways.
172: 520: 283:
In order to coordinate his charitable giving, the 36-year-old Alfond organized the first private foundation in the state of Maine, the
911: 307: 936: 901: 275:
decided to fold Dexter into another business, H.H. Brown, characterizing the purchase in 2008 as "the worst deal that I've made."
403: 649: 717: 926: 690: 295: 956: 596: 362: 311: 946: 921: 810: 530: 315: 931: 966: 951: 290:
He has donated money to various institutions of learning to help improve their sports facilities; for example, the
326:
recently in 2015, the school received a $ 3.5 million matching grant for the construction of a new dining hall.
916: 632: 564: 864: 224: 188: 53: 372:
Golf Club, a course close to his summer home. The club has been recognized as among the best public
971: 236: 842: 247:. Because factories make mistakes, not all shoes pass quality control; these products are called 668: 961: 534: 438: 896: 891: 361:
in the sailor's effort to compete in the Olympics. Mahaney later earned a silver medal in
244: 176: 101: 8: 299: 209: 492: 443: 268: 204:
After graduating from high school in 1934, Alfond got a job at Kesslen Shoe Company in
747: 171:(March 6, 1914 – November 16, 2007) was an American businessman who founded the 860: 814: 587:"$ 1 Million Pledge by Harold Alfond Adds Momentum to UMass Amherst Building Project" 560: 448: 322: 232: 205: 653: 725: 415: 382:
recognized the course as the only five-star public golf course in the Northeast.
303: 76: 694: 618: 369: 350: 272: 248: 885: 591: 525: 452: 395: 358: 220: 216: 159: 57: 818: 786: 399: 321:
Harold Alfond and the Alfond Foundation have also been major supporters of
306:, the Harold Alfond Center for Health Sciences and the Alfond Forum at the 291: 264: 149: 141: 378: 373: 335: 257: 145: 137: 252: 228: 338:. As of July 2010, 5,500 babies have been enrolled in the program. 219:, and founded Dexter Shoe Company. There, he produced shoes for the 496: 192: 32: 843:
Colby College Digital Commons: "Bibby Levine Alfond Scrapbook"
80: 783:"Harold Alfond, gave generously for healthcare and sports" 439:"Harold Alfond, Donor and Shoe Factory Owner, Dies at 93" 215:
In 1956, Alfond left, purchased an old woolen mill in
977:
Jewish American sports executives and administrators
493:"Buffett defends using stock in Burlington takeover" 243:Alfond is often credited with the invention of the 368:Along with other investors, Alfond helped create 92:Founder of Dexter Shoe Company and philanthropist 883: 669:"Alfond Center for Cancer Care officially opens" 691:"What is the Harold Alfond College Challenge?" 474:"Buffet calls Dexter Shoe his worst deal ever" 633:"Kents Hill School receives $ 2.3 million..." 314:'s Isenberg School, and the Alfond Center at 310:, the Harold Alfond Management Center at the 302:, the Harold and Ted Alfond Sports Center at 857:"Philanthropist Harold Alfond dies in Maine" 715: 805: 803: 436: 31: 907:American people of Russian-Jewish descent 776: 774: 772: 770: 768: 718:"Maine Newborns to Get $ 500 for College" 437:Pérez-Peña, Richard (November 17, 2007). 432: 430: 223:catalog market, supplying stores such as 838: 836: 780: 341: 199: 811:"City races get nasty in final stretch" 800: 619:"Kents Hill School Athletic Facilities" 515: 513: 491:Stempel, Jonathan (February 27, 2010). 490: 126: 1943; died 2005) 884: 848: 765: 427: 942:People from Swampscott, Massachusetts 833: 781:Marquard, Bryan (November 17, 2007). 660: 414:Alfond died on November 16, 2007, in 693:. www.500forbaby.org. Archived from 579: 510: 357:In the 1980s, Alfond helped sponsor 854: 597:University of Massachusetts Amherst 363:sailing at the 1992 Summer Olympics 312:University of Massachusetts Amherst 13: 724:. Associated Press. Archived from 716:Adams, Glenn (December 11, 2007). 533:. December 5, 2003. Archived from 175:Company and established the first 14: 988: 666: 912:American retail chief executives 349:In 1978, a group purchasing the 937:Jewish American baseball people 902:American fashion businesspeople 740: 709: 683: 531:Saint Joseph's College of Maine 521:"Harold Alfond keeps on giving" 316:Saint Joseph's College of Maine 278: 191:, on March 6, 1914, the son of 123: 642: 625: 611: 549: 484: 466: 385: 1: 421: 182: 7: 927:Deaths from cancer in Maine 650:"KHS Receives Alfond Grant" 10: 993: 957:Philanthropists from Maine 557:"Harold Alfond Foundation" 947:People from Dexter, Maine 922:Businesspeople from Maine 402:in 2008, and was elected 376:in the country. In 2002, 308:University of New England 237:Montgomery Ward & Co. 189:Swampscott, Massachusetts 155: 133: 107: 96: 88: 65: 39: 30: 23: 932:American philanthropists 748:"The 2500th Alfond Baby" 409: 285:Harold Alfond Foundation 967:Jews from Massachusetts 952:Sportspeople from Maine 394:One of the grandsons, 917:Boston Red Sox owners 697:on September 15, 2009 398:, was elected to the 342:Investments in sports 200:Founding Dexter Shoes 867:on November 25, 2007 753:. www.500forbaby.org 728:on February 15, 2009 480:. February 29, 2008. 245:factory outlet store 177:factory outlet store 102:factory outlet store 16:American businessman 300:University of Maine 210:Norridgewock, Maine 187:Alfond was born in 821:on January 7, 2011 671:. Kennebec Journal 656:on April 19, 2016. 599:. November 3, 1998 444:The New York Times 269:Berkshire Hathaway 861:Bangor Daily News 561:Foundation Center 323:Kents Hill School 166: 165: 69:November 16, 2007 984: 877: 876: 874: 872: 863:. Archived from 855:Dolloff, Aimee. 852: 846: 840: 831: 830: 828: 826: 817:. Archived from 807: 798: 797: 795: 793: 778: 763: 762: 760: 758: 752: 744: 738: 737: 735: 733: 713: 707: 706: 704: 702: 687: 681: 680: 678: 676: 664: 658: 657: 652:. Archived from 646: 640: 639: 637: 629: 623: 622: 615: 609: 608: 606: 604: 583: 577: 576: 574: 572: 563:. Archived from 553: 547: 546: 544: 542: 517: 508: 507: 505: 503: 488: 482: 481: 470: 464: 463: 461: 459: 434: 404:Senate President 206:Kennebunk, Maine 127: 125: 72: 49: 47: 35: 21: 20: 992: 991: 987: 986: 985: 983: 982: 981: 972:Jews from Maine 882: 881: 880: 870: 868: 853: 849: 845:January 1, 2011 841: 834: 824: 822: 809: 808: 801: 791: 789: 779: 766: 756: 754: 750: 746: 745: 741: 731: 729: 714: 710: 700: 698: 689: 688: 684: 674: 672: 665: 661: 648: 647: 643: 635: 631: 630: 626: 617: 616: 612: 602: 600: 585: 584: 580: 570: 568: 567:on July 8, 2012 555: 554: 550: 540: 538: 537:on May 28, 2010 519: 518: 511: 501: 499: 489: 485: 472: 471: 467: 457: 455: 435: 428: 424: 416:Belgrade, Maine 412: 388: 344: 304:Rollins College 281: 249:factory seconds 202: 185: 148: 144: 140: 129: 121: 117: 114: 84: 74: 70: 61: 51: 45: 43: 26: 17: 12: 11: 5: 990: 980: 979: 974: 969: 964: 959: 954: 949: 944: 939: 934: 929: 924: 919: 914: 909: 904: 899: 894: 879: 878: 847: 832: 799: 764: 739: 708: 682: 659: 641: 624: 610: 578: 548: 509: 483: 465: 425: 423: 420: 411: 408: 387: 384: 370:Belgrade Lakes 351:Boston Red Sox 343: 340: 296:Alfond Stadium 280: 277: 273:Warren Buffett 201: 198: 184: 181: 164: 163: 157: 153: 152: 135: 131: 130: 119: 115: 113:Dorothy Levine 112: 111: 109: 105: 104: 98: 97:Known for 94: 93: 90: 86: 85: 75: 73:(aged 93) 67: 63: 62: 52: 41: 37: 36: 28: 27: 24: 15: 9: 6: 4: 3: 2: 989: 978: 975: 973: 970: 968: 965: 963: 962:Alfond family 960: 958: 955: 953: 950: 948: 945: 943: 940: 938: 935: 933: 930: 928: 925: 923: 920: 918: 915: 913: 910: 908: 905: 903: 900: 898: 895: 893: 890: 889: 887: 866: 862: 858: 851: 844: 839: 837: 820: 816: 812: 806: 804: 788: 784: 777: 775: 773: 771: 769: 749: 743: 727: 723: 719: 712: 696: 692: 686: 670: 667:Remal, Gary. 663: 655: 651: 645: 634: 628: 620: 614: 598: 594: 593: 592:press release 588: 582: 566: 562: 558: 552: 536: 532: 528: 527: 526:press release 522: 516: 514: 498: 494: 487: 479: 475: 469: 454: 450: 446: 445: 440: 433: 431: 426: 419: 417: 407: 405: 401: 397: 396:Justin Alfond 392: 383: 381: 380: 375: 371: 366: 364: 360: 359:Kevin Mahaney 355: 352: 347: 339: 337: 331: 327: 324: 319: 317: 313: 309: 305: 301: 297: 293: 288: 286: 276: 274: 270: 266: 265:retail chains 261: 259: 254: 250: 246: 241: 238: 234: 230: 226: 222: 221:private label 218: 217:Dexter, Maine 213: 211: 207: 197: 194: 190: 180: 178: 174: 170: 169:Harold Alfond 161: 160:Justin Alfond 158: 154: 151: 147: 143: 139: 136: 132: 110: 106: 103: 99: 95: 91: 89:Occupation(s) 87: 82: 78: 68: 64: 59: 58:Massachusetts 55: 50:March 6, 1914 42: 38: 34: 29: 25:Harold Alfond 22: 19: 871:November 16, 869:. Retrieved 865:the original 850: 825:February 27, 823:. Retrieved 819:the original 792:February 27, 790:. Retrieved 787:Boston Globe 757:February 27, 755:. Retrieved 742: 732:December 12, 730:. Retrieved 726:the original 721: 711: 701:February 27, 699:. Retrieved 695:the original 685: 673:. Retrieved 662: 654:the original 644: 627: 613: 603:February 27, 601:. Retrieved 590: 581: 571:February 27, 569:. Retrieved 565:the original 551: 541:February 27, 539:. Retrieved 535:the original 524: 502:February 27, 500:. Retrieved 486: 477: 468: 456:. Retrieved 442: 413: 400:Maine Senate 393: 389: 377: 374:golf courses 367: 356: 348: 345: 332: 328: 320: 292:Alfond Arena 289: 282: 279:Philanthropy 262: 258:outlet malls 242: 214: 203: 186: 168: 167: 150:Peter Alfond 142:Susan Alfond 71:(2007-11-16) 18: 897:2007 deaths 892:1914 births 815:The Bollard 386:Family life 379:Golf Digest 336:high school 173:Dexter Shoe 146:Bill Alfond 886:Categories 422:References 183:Early life 162:(grandson) 138:Ted Alfond 54:Swampscott 46:1914-03-06 675:August 8, 453:0362-4331 406:in 2012. 253:Skowhegan 229:JC Penney 156:Relatives 722:ABC News 458:July 30, 134:Children 77:Belgrade 497:Reuters 478:Reuters 298:at the 233:Spiegel 128:​ 120:​ 116:​ 451:  235:, and 193:Jewish 108:Spouse 100:First 83:, U.S. 60:, U.S. 751:(PDF) 636:(PDF) 410:Death 225:Sears 122:( 118: 81:Maine 873:2007 827:2010 794:2010 759:2010 734:2007 703:2010 677:2007 605:2010 573:2010 543:2010 504:2010 460:2020 449:ISSN 294:and 66:Died 40:Born 888:: 859:. 835:^ 813:. 802:^ 785:. 767:^ 720:. 595:. 589:. 559:. 529:. 523:. 512:^ 495:. 476:. 447:. 441:. 429:^ 418:. 365:. 260:. 231:, 227:, 179:. 124:m. 79:, 56:, 875:. 829:. 796:. 761:. 736:. 705:. 679:. 638:. 621:. 607:. 575:. 545:. 506:. 462:. 48:) 44:(

Index


Swampscott
Massachusetts
Belgrade
Maine
factory outlet store
Ted Alfond
Susan Alfond
Bill Alfond
Peter Alfond
Justin Alfond
Dexter Shoe
factory outlet store
Swampscott, Massachusetts
Jewish
Kennebunk, Maine
Norridgewock, Maine
Dexter, Maine
private label
Sears
JC Penney
Spiegel
Montgomery Ward & Co.
factory outlet store
factory seconds
Skowhegan
outlet malls
retail chains
Berkshire Hathaway
Warren Buffett

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.