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The Phineas W. Sprague Memorial Foundation is a private, independent foundation that awards grants to charitable and non-profit organizations with personal relevance to Sprague family members. Preference is given to Maine organizations. The four-person Board of Trustees is elected annually. Every year since 1956, the Foundation has made donations to organizations in the categories of education, arts & culture, social services, and environment & agriculture.

Grant requests are submitted by sponsoring family members; final awards are determined in the fall.

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“Acquire knowledge, but always remember that knowledge without judgment loses at least half its value”
— P.W. Sprague, 1926