Freed Charitable Trust
Freed Charitable Trust is a private foundation, based in Watseka, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $168K in total assets. Net investment income was $2K.
Freed Charitable Trust at a glance
- Total assets
- $167,934
- -2.1% vs 2024
- Revenue (2025)
- $3,788
- -3.0% vs 2024
- Net investment income (2025)
- $1,572
- -59.5% vs 2024
- Expenses (2025)
- $7,320
- +279.5% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Freed Charitable Trust funds
How this funder distributes its grants
Grant Size Distribution
21 grants across all recorded years
The most common grant size was under $50K: 21 grants of 21 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Freed Charitable Trust gives
- Giving fell 85% from 2021 to 2024. Method
- In 2024 it paid out 16% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $600 (2022) to $10K (2020). In 2024 it made 2 grants totaling $1K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sugar Creek Opera Watseka, IL | Support Opera | $1,000 |
| Prairie Dell Church Donovan, IL | Assist with Needs | $300 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $167,934 | $3,788 | $7,320 | — | — | — | $1,572 | $8,030 |
| 2024 | $171,466 | $3,905 | $1,929 | $1,300 | 2 | $1,300 | $3,877 | $8,182 |
| 2023 | $170,649 | $2,000 | $7,041 | $4,250 | 10 | $4,250 | $2,000 | $8,501 |
| 2022 | $175,690 | $358 | $2,094 | $600 | 2 | $600 | $358 | $8,691 |
| 2021 | $176,138 | $615 | $10,093 | $8,590 | 7 | $8,590 | $615 | — |
| 2020 | $185,616 | $2,376 | $11,963 | $10,100 | 6 | — | $2,376 | — |
Under IRS private-foundation payout rules, Freed Charitable Trust reported a distributable amount of $8K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Freed Charitable Trust is led by Dale Strough, Trustee on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Dale Strough
Trustee
On filings since 2020
$1K (2022) → $0 (2025)
Former officers (1)
- Former: James Forrest (2020) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $2K, to Dale Strough (Trustee).
Frequently asked questions about Freed Charitable Trust
How large is Freed Charitable Trust?
Freed Charitable Trust reported $168K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $4K.
Where does Freed Charitable Trust operate?
Freed Charitable Trust has awarded grants in Illinois.
How much is Freed Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Freed Charitable Trust reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Freed Charitable Trust's EIN?
Freed Charitable Trust's EIN (Employer Identification Number) is 36-6918120. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 27, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 17, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 6, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 3, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 29, 2026)
- IRS filings on file for fiscal years 2020–2024
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Freed Charitable Trust down — hundreds of funders to go?