The Phineas W. Sprague Memorial Foundation was created in 1956 by C. H. Sprague & Son Company in honor of Phineas W. Sprague (1860-1943). P. W. continued the growth of the coal and oil business founded by his father. He was committed to giving back to the community and to creating and preserving a heritage for his family. The foundation was a way that son P. Shaw Sprague and his grandson Phineas Sprague could ensure that his legacy of giving continued into the future.

Over the past fifteen years, more than 600 grants have been awarded totaling over $2 million. Recipient organizations have included Cape Elizabeth High School Scholarship Fund, Waynflete School, Camp Ketcha, Cape Elizabeth Fire and Police Departments, Opportunity Farm, Maine College of Art, Maine Audubon Society, Calvert School, Tate House, Riding to the Top and the Maine Narrow Gauge Railroad and Museum, among many others.

Whether donations for general operating costs or tailored to a specific program, The Phineas W. Sprague Memorial Foundation is committed to carrying on the philanthropic work begun over a century ago by Phineas W. Sprague.