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Ted Alfond

MassachusettsRetail

AIProfile Summary

Ted Alfond (born 1944) is a U.S. retail billionaire based in Massachusetts with an estimated net worth of ~$3.5B. His philanthropic footprint in the data is primarily reflected through Alfond-family foundations and scholarship entities that file IRS Form 990 returns. RTB ProPublica 990

Business & SEC Activity

Ted Alfond is listed in the retail industry and is based in Massachusetts. His estimated net worth is ~$3.5B. RTB

Philanthropy

Across three Alfond-related entities, total foundation assets were $1,075,749,718 in tax year 2023, with total grants paid of $7,242,635. The Harold Alfond Foundation reported $1,001,625,687 in assets and $0 grants paid in 2023, while the Peter Alfond Foundation reported $72,365,176 in assets and $0 grants paid. The Alfond Scholarship Foundation reported $1,758,855 in assets and $7,242,635 in grants paid in 2023. ProPublica 990

AI-generated summary from rtb, propublica_990 3/10/2026 (gpt-5.2). All claims are derived from the source data shown below.

USU.S. Presence

residenceWeston, Massachusetts

990Philanthropy

$1.1BFoundation Assets
$90.1MGrants Paid
3Foundations
Harold Alfond FoundationPortland, ME
Private independent foundation (IRS NTEE T22)
Assets: $1.0BRevenue: $111.0MGrants: $77.9MTax Year: 2023
Mission, purpose & full 990 filings → ProPublica Nonprofit Explorer
Peter Alfond FoundationBethesda, MD
Assets: $72.4MRevenue: $2.1MGrants: $4.8MTax Year: 2023
Mission, purpose & full 990 filings → ProPublica Nonprofit Explorer
Alfond Scholarship FoundationPortland, ME
Education (IRS NTEE B82)
Assets: $1.8MRevenue: $7.2MGrants: $7.4MTax Year: 2023
Mission, purpose & full 990 filings → ProPublica Nonprofit Explorer
Source: ProPublica (990) annual filing · latest on record (retrieved 3/9/2026) (proPublica_990)

PBSScore Breakdown

B
53.6
Public Benefit Score

The PBS is a weighted average of 2 components. The formula is open and versioned — the weight percentages below show how much each component contributes to the final score.

Philanthropy65% weight
56%

Evidenced charitable giving — built on what they actually give each year, not parked assets. Dominated by generosity (annual giving relative to net worth — the share of your fortune you give), plus the absolute scale of that giving, plus a small nudge for signing the Giving Pledge (a commitment, not a realized action).

Data: ProPublica 990 charitable disbursements, net worth, The Giving Pledge registry

Transparency35% weight
50%

How much sourced, public accountability data exists — net worth, political contributions, SEC filings, foundation 990s, news coverage, and a verified profile. More public disclosure scores higher.

Data: FEC, SEC EDGAR, ProPublica 990s, GDELT / NewsAPI, Wikidata

Formula (v2): PBS = 65% x Philanthropy + 35% x Transparency

Scored on 6/23/2026 on a 0–100 scale. The score uses only the signals we have populated data for. Goal Impact, Controversy, and Community Approval are deferred until that data exists — Phase 1 goal adoption, controversy detection, and community votes respectively.

All data is sourced from public records. Each section links to its original source.

Ted Alfond — Public Benefit Score B (54) | Billionaire Army