Have you ever wondered what you would do if you were rich? Whenever my mind has wandered that far from reality, I haven't been able to come up with much beyond paying off outstanding debt for me and my family. Anything more than that--I don't know.
What I hope, though, is that I would be as responsible with my wealth as Harold Alfond. Mr. Alfond may not be well known outside of Maine but within Maine his generosity is evident everywhere. Anytime there was an opportunity to help young people--from Colleges to Boys and Girls Clubs to millions given to Good Will Hinkley--the man who made his money selling shoes provided that opportunity.
He died last year and a bequest of his will was a gift of a $500 college fund to each child born in the State of Maine after January 1, 2009. The parents will be able to add to the fund as the child grows and beginning in 2027, when that first group graduates from high school, high school graduates born in Maine will have an opportunity to head to college thanks to Harold Alfond.