Libra Foundation

Established 1989

  • Libra Foundation
  • Mission Statement
  • Application Procedures
  • Governance
    • Board of Trustees and Officers
    • Biographies
      • Pendred E. Noyce
      • Rhianon R. Liu
      • Christopher W. Emmons
      • Craig N. Denekas
      • Jere G. Michelson
      • Erik K. Hayward
      • Paul D. Pietropaoli
      • Owen W. Wells
  • Governing Documents
  • Grant Lists
  • Grant Details

Biographies

Pendred E. Noyce (Penny) is the daughter of Libra Foundation's founder, Betty Noyce. Penny grew up in California and graduated with a degree in biochemistry from Harvard University and an M.D. from Stanford University School of Medicine. She did her internship and residency in internal medicine in Minneapolis-St. Paul and then worked at the East Boston Community Health Center. She received a diploma in Tropical Medicine and Hygiene from the London School of Tropical Medicine. Subsequently, she worked at Newton-Wellesley Hospital, but she left the practice of medicine after the birth of her fourth child.

In 1991, Penny became a founding trustee of the Noyce Foundation, which supported K-12 mathematics and science education across the U.S. For nine years she also helped lead a statewide, NSF-funded effort to improve mathematics, science, and technology education in Massachusetts. Currently she serves on the Massachusetts Board of Elementary and Secondary Education.

Penny is a past trustee of Radcliffe College and a past board member of the Concord Consortium, TERC, the Gulf of Maine Research Institute, and the Center for Engineering Education Outreach at Tufts University. She is an advisory member of the American Association for the Advancement of Science Public Outreach Committee. Currently she also serves a board member of the Irving Foundation and the Consortium for Mathematics and its Applications (COMAP), as well as board chair for the Rennie Center for Education Research and Policy and the Libra Foundation.

Penny edited a volume titled New Frontiers in Formative Assessment from Harvard Education Press. She is author or co-author of seven novels for children ages 9-12, including Lost in Lexicon and The Ice Castle from Scarletta Press and five books in the Galactic Academy of Science series from Tumblehome Learning. Her most recent book is Magnificent Minds: Sixteen Pioneering Women in Science and Medicine. As cofounder of Tumblehome Learning, which publishes science mystery and adventure stories for young people, Penny serves as Tumblehome's editor and chair.

Penny and her husband, Leo X. Liu, MD, live in Boston.


Rhianon R. Liu is the granddaughter of Libra Foundation's founder, Betty Noyce. Rhianon grew up in Massachusetts and graduated with a degree in Human Biology from Stanford University and an M.D. from Johns Hopkins University School of Medicine. She did her residency in family medicine and fellowship in integrative medicine at Sutter Santa Rosa Family Medicine Residency in Santa Rosa, California, followed by palliative care fellowship at University of San Diego, California. She works as a palliative care physician at MaineHealth, where she is the Hospice and Palliative Medicine Fellowship Program Director.

She also serves on the boards of the Irving Foundation and the Minga Foundation. She joined Libra as a Trustee in 2025.

Rhianon lives in Portland, Maine, with her husband and two young children.


Christopher W. Emmons is the former President and CEO of Gorham Savings Bank. He is a 1976 graduate of the University of Maine, B.S. in Communications and Business Administration, and began his banking career at Maine National Bank in 1977. After stops at BayBank and TD Banknorth, he joined Gorham Savings Bank in 2003.

Chris is a former board member of the Federal Deposit Insurance Corporation Advisory Council on Community Banking. A strong community supporter, Chris was involved with the Maine Bankers Association and a number of local non-profit organizations. He is a former board chair of Maine Medical Center, past vice chair of MaineHealth, and also served on the boards of Educate Maine, the University of Maine Board of Visitors and the Alfond Scholarship Foundation, and co-chaired the Maine Early Learning Investment Group. He also enjoyed 40-plus years of service to United Way of Greater Portland where he served as past campaign chair and past board chair. Chris was inducted into the Maine Business Hall of Fame in 2007. He currently serves on the board of the Cianchette Family Enterprise.

Chris lives in Yarmouth, Maine with his wife Marybeth (Nini). They enjoy skiing and boating, and are members of Boothbay Harbor Country Club and Portland Country Club. They have 3 adult children and 4 grandchildren.


Craig N. Denekas served from 2012-2025 as the Chief Executive Officer of Libra Foundation after first being named a Trustee in 2010. Mr. Denekas joined the Foundation in 2001 serving in various roles and currently is the Chairman.

Prior to joining Libra Foundation, Mr. Denekas was a director and shareholder at the law firm of Perkins Thompson in Portland with particular focus on corporate acquisitions, business law, real estate and commercial lending.

Mr. Denekas has served as a Trustee of the Barbara Bush Foundation for Family Literacy, is a former Chairman of the Board of Trustees of Maine Public and is a former Board President of the Park Danforth. He has been a Director of the Portland Public Library, is a Corporator of MaineHealth and was an appointee to the Governor's Task Force on Passenger Rail Funding. He is admitted to the Bars (inactive) of the State of Maine and the United States District Court for the District of Maine.

Mr. Denekas currently serves as a Director of Camden National Corporation (NASDAQ: CAC), the parent company of Camden National Bank and was a Director of MEMIC (Maine Employers Mutual Insurance Company), a leading workers' compensation specialty insurer. He is also on the Board of Directors for Pineland Farms Dairy Company, Inc., a closely-held food company.

Other charitable foundation board work within the community has included service as a Trustee of the Fisher Charitable Foundation and other organizations.

Mr. Denekas received his bachelor's degree cum laude in Economics from Dartmouth College in Hanover, New Hampshire. He went on to earn a law degree cum laude from the University of Michigan Law School in Ann Arbor, Michigan.

Mr. Denekas resides in Falmouth with his wife, Betsy.


Jere G. Michelson is President and Chief Executive Officer, having assumed the role of President in 2016 and Chief Executive Officer and Trustee in 2026.

Prior to joining Libra Foundation, Jere was a member of the management group at the accounting firm of Baker Newman Noyes, LLC in Portland, where he consulted primarily on closely-held corporations and shareholders with multi-state operations in that firm's corporate tax department. In 2001, he left public accounting to join Libra Foundation in its pursuit for the betterment of Maine's citizenry.

Jere is a former trustee of MaineHealth, member of its Executive Committee, and chairman of the Finance Committee. He is also past chairman of Maine Medical Center. Through appointment from Sen. Susan Collins, Jere serves on the Military Service Academy Selection Committee for the first district of Maine.

He received his bachelor's degree in accounting from the University of Southern Maine in Portland and his master's degree in taxation from Thomas College in Waterville. Mr. Michelson also serves on the boards of Pineland Farms Dairy Company, Inc., and Maine Community Bank.


Erik K. Hayward is Executive Vice President and Chief Financial Officer at Libra Foundation where he started as a Financial Assistant in 2004. Mr. Hayward's primary responsibilities include oversight of all financial aspects of the Foundation's activities and management of Pineland Farms, a diverse business and agricultural campus in New Gloucester, Maine.

Mr. Hayward serves as a Director of Pineland Farms Dairy Company, Inc. a closely-held corporation and program-related investment of Libra Foundation. He was a Director of Pineland Farms Potato Company, Inc. leading up to that company's sale to Bob Evans Farms, Inc. Mr. Hayward is the Vice Chairman of Bath Savings Institution, a mutual savings bank serving Midcoast and Southern Maine. Mr. Hayward serves as President of the Board of Trustees of the Portland Museum of Art, and he is a former Trustee of the Maine Maritime Museum, located in Bath, Maine, and The Park Danforth, a nonprofit senior living facility located in Portland, Maine.

Mr. Hayward graduated in 2004 with a B.A. in economics from Yale University, where he was a four-year member of the Yale Varsity Sailing Team. Mr. Hayward holds a Chartered Financial Analyst (CFA) designation. Since 2006 he has been a member of the Portland Yacht Club.

Mr. Hayward is married to Carrie D. Hayward and resides in Falmouth, Maine.


Paul D. Pietropaoli is Executive Vice President and General Counsel with Libra Foundation. Prior to joining Libra Foundation, Mr. Pietropaoli was in private law practice for 25 years and was a shareholder and director of the Portland law firm of Perkins Thompson. During that time, he handled a broad spectrum of real estate and business transactions, having worked extensively with the Foundation and with a significant number of owners, brokerage firms, property managers, commercial lenders, and other organizations in the successful purchase, financing, development, leasing, and sale of commercial, industrial, and residential properties in Maine and throughout northern New England.

Mr. Pietropaoli received his J.D. from the University of Maine School of Law, where he served on the Board of Editors of the Maine Law Review. He received his B.A. from Boston College. Following law school, he served as a law clerk to the Hon. Caroline D. Glassman, Associate Justice of the Supreme Judicial Court of Maine. He is a member of the bar in the states of Maine, Massachusetts, New Hampshire, and New York. Mr. Pietropaoli is a fellow of the American College of Real Estate Lawyers, a member of the Maine State Bar Association and its Real Estate and Title Standards Section, and a member of the Cumberland Bar Association. He serves as a director of Pineland Farms Dairy Company, Inc., as a member of the Board of MaineHealth Maine Medical Center and its Finance Committee, and as a trustee of Fisher Charitable Foundation. He previously served as Chairman of the Board of Pineland Farms Natural Meats, Inc.

Mr. Pietropaoli resides in Yarmouth with his wife, Kate, and they have three adult children.


Owen W. Wells was born in Kittery, Maine in 1943. He attended the University of Maine, graduating in 1965 and subsequently graduated from George Washington University Law School in 1968. He served as a Captain in the United States Army in Vietnam where he was awarded the Bronze Star with Oak Leaf Cluster.

From 1972 to 1997, Mr. Wells was a Partner, Director and Shareholder of the Portland law firm of Perkins, Thompson, Hinckley & Keddy. On January 1, 1998, he became of counsel to that firm, retiring on December 31, 2011. He is admitted to the Bars of the State of Maine, United States District Court and United States Supreme Court and is a charter Fellow of the Maine Bar Foundation. He is also a Fellow of the American Bar Foundation.

Mr. Wells formerly served as the President of the Cumberland Bar Association, President of the Portland Museum of Art and Chairman of the President's Advisory Council of the University of Maine, President of the Board of Overseers of Berwick Academy and Chairman of the Committee on Foreign Relations. From 1990 to 1995 he served as a Trustee of the University of Maine System. He has also served as a Trustee of Maine Public Broadcasting, Colby College, Westbrook College and the University of New England.

Mr. Wells is a former Trustee and Chairman of the Board of the Maine Medical Center and a former Trustee of MaineHealth. He is formerly President and CEO of the Libra Foundation where he presently serves as Trustee Emeritus, Trustee of the Fisher Charitable Foundation and formerly President of October Corporation. He is a former Director of Chittenden Corporation, Maine Bank & Trust Company and several other business corporations. He is also a former member of the Board of The Hauser Center of Harvard University.

Publications include: "Investing in Maine's Higher Education"; "Maine Choices: 1995"; Maine Center for Economic Policy.

Mr. Wells has received several honorary degrees and awards.

Mr. Wells is a member of the Cumberland Club and Portland Country Club. He is married to Anna Hosmer Wells and resides in Falmouth, Maine.

© 2026 Libra Foundation | 3 Canal Plaza | P.O. Box 17516-DTS | Portland, Maine 04112-8516 | (207) 879-6280