Free Family Foundation Corp
Free Family Foundation Corp is a private foundation, based in Tampa, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $13.8M in total assets. In 2024, it awarded 1 grant totaling $2.6M. Net investment income was $416K.
Free Family Foundation Corp at a glance
In short: Free Family Foundation Corp gave $2.6M across 1 grant in 2024 (avg $2.6M), mostly in Florida. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,600,000
- -5.0% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $2,600,000
- -5.0% vs 2023
- Median grant
- $2,600,000
- Total assets
- $13,763,651
- +2.3% vs 2023
- Primary geography
- Florida (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Free Family Foundation Corp funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was National Christian Foundation ($2.6M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $1–5M range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Free Family Foundation Corp gives
- Giving grew 31% from 2021 to 2024. Method
- In 2024 it paid out 278% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $2.0M (2021) to $2.7M (2023). In 2024 it made 1 grant totaling $2.6M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| National Christian Foundation Clearwater, FL | General Funds | $2,600,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $13,763,651 | $2,635,955 | $3,313,378 | $2,600,000 | 1 | $2,855,456 | $416,106 | $1,028,876 |
| 2023 | $13,449,692 | $3,369,201 | $3,291,904 | $2,738,055 | 1 | $2,739,969 | — | $959,886 |
| 2022 | $13,711,904 | $4,284,777 | $2,634,815 | $2,274,650 | 1 | $2,275,001 | — | $909,118 |
| 2021 | $16,097,304 | $11,345,507 | $2,153,810 | $1,990,136 | 1 | $1,990,259 | $646,200 | $635,905 |
| 2020 | $7,575,981 | $3,808,371 | $2,451,170 | $2,274,244 | 1 | — | $293,009 | $420,534 |
Under IRS private-foundation payout rules, Free Family Foundation Corp reported a distributable amount of $1.0M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Free Family Foundation Corp is led by Diane E. Hanlon, President since 2023 (on filings since 2020); 1 of 4 officers listed in 2024 is compensated.
Officers on the 2024 filing
Diane E. Hanlon
President
Secretary → President, 2023
On filings since 2020
4 hrs/week
No compensation reported
Paul Fritz Kling
Secretary
On filings since 2023
5 hrs/week
$300K (2024)
Douglas J. Free
Treasurer
On filings since 2020
5 hrs/week
No compensation reported
Thomas E. Free
Vice President
Director → Vice President, 2023
On filings since 2020
4 hrs/week
No compensation reported
Former officers (2)
- Former: Carole J. Free (2020–2022) — President
- Former: Harry J. Free (2020–2021) — President
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $300K, to Paul Fritz Kling (Secretary).
Frequently asked questions about Free Family Foundation Corp
How much does Free Family Foundation Corp give each year?
Free Family Foundation Corp gave $2.6M across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2.7M across 1 grant.
How large is Free Family Foundation Corp?
Free Family Foundation Corp reported $13.8M in total assets on its 2024 IRS Form 990-PF. It paid out $2.9M in qualifying distributions that year, against a required minimum of $1.0M (roughly 5% of its investment assets).
Where does Free Family Foundation Corp operate?
Free Family Foundation Corp has awarded grants in Florida.
What is Free Family Foundation Corp's EIN?
Free Family Foundation Corp's EIN (Employer Identification Number) is 59-3611945. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Free Family Foundation Corp funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Free Family Foundation Corp's focus areas in our free grants database
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