Freedom Foundation
Freedom Foundation is a private foundation, based in Flower Mound, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 8 grants totaling $11K. Net investment income was $82K.
Freedom Foundation at a glance
In short: Freedom Foundation gave $11K across 8 grants in 2024 (avg $1K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $11,216
- -58.4% vs 2023
- Grants made (2024)
- 8
- -52.9% vs 2023
- Average grant
- $1,402
- -11.5% vs 2023
- Median grant
- $517
- Total assets
- $1,256,178
- +1.9% vs 2023
- Primary geography
- Texas (99% 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 Freedom Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was North Texas Giving ($5K). Together the top 8 received $11K.
Grant Size Distribution
79 grants across all recorded years
The most common grant size was under $50K: 79 grants of 79 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
How Freedom Foundation gives
- Giving fell 37% from 2021 to 2024. Method
- In 2024 it paid out 148% 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 $11K (2024) to $27K (2023). In 2024 it made 8 grants totaling $11K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| North Texas Giving Dallas, TX | CIVIC | $4,690 |
| Emily's Place Plano, TX | CIVIC | $3,392 |
| Watertower Theatre Addison, TX | CIVIC | $1,000 |
| Metrocrest Services Farmers Branch, TX | CIVIC | $520 |
| My Refuge House Carrollton, TX | CIVIC | $514 |
| Envision Dallas Dallas, TX | CIVIC | $500 |
| Miracle Foundation Dallas, TX | CIVIC | $500 |
| Wreaths Across America Columbia Falls, ME | CIVIC | $100 |
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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 | $1,256,178 | $131,875 | $109,534 | $11,216 | 8 | $88,221 | $81,867 | $59,448 |
| 2023 | $1,232,788 | $107,173 | $142,278 | $26,944 | 17 | $100,162 | $72,123 | $57,224 |
| 2022 | $1,268,291 | $118,475 | $130,521 | $25,845 | 19 | $95,882 | $53,853 | $62,044 |
| 2021 | $1,394,774 | $145,303 | $131,165 | $17,760 | 20 | $91,242 | $115,100 | $70,791 |
| 2020 | $1,388,737 | $161,004 | $127,134 | $25,095 | 15 | — | $150,096 | $59,562 |
Under IRS private-foundation payout rules, Freedom Foundation reported a distributable amount of $59K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Freedom Foundation is led by Michael D. Canterbury, President on every filing since 2020; 2 of 3 officers listed in 2024 are compensated.
Officers on the 2024 filing
Michael D. Canterbury
President
On filings since 2020
20 hrs/week
$58K (2020) → $24K (2024)
Dennis W. Lewis
Director
On filings since 2020
No compensation reported
Anneliese Adams Canterbury
Secretary
On filings since 2020
1 hr/week
$10K (2020) → $10K (2024)
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 $24K, to Michael D Canterbury (President). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Freedom Foundation
How much does Freedom Foundation give each year?
Freedom Foundation gave $11K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $27K across 17 grants.
What is Freedom Foundation's typical grant size?
Freedom Foundation's median grant in 2024 was $517, and its average grant was $1,402, across 8 grants on its 2024 IRS Form 990-PF.
Where does Freedom Foundation give grants?
Freedom Foundation gives mostly in Texas: 99% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Dallas, TX (3 grants).
Does Freedom Foundation give general operating support?
Not in 2024: none of the 8 grants with a stated purpose on Freedom Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Civic" (8 grants).
Who are Freedom Foundation's largest grantees?
Freedom Foundation's largest 2024 grantees include North Texas Giving ($4,690), Emily's Place ($3,392) and Watertower Theatre ($1,000), according to its 2024 IRS Form 990-PF. Together they received 81% of its itemized 2024 grant dollars.
How large is Freedom Foundation?
Freedom Foundation reported $1.3M in total assets on its 2024 IRS Form 990-PF. It paid out $88K in qualifying distributions that year, against a required minimum of $59K (roughly 5% of its investment assets).
What is Freedom Foundation's EIN?
Freedom Foundation's EIN (Employer Identification Number) is 75-2790350. 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
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