Freedom Together Foundation
The Freedom Together Foundation is a private philanthropic foundation based in New York, NY, established in 2012. Originally known as The JPB Foundation, it was created by Barbara Picower. The organization operates as a 501(c)(3) private foundation focused on grantmaking and philanthropy to support social justice movements and democratic participation.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.4B
+22.3% YoY
Annual Giving
$470.0M
+10.8% YoY
Grant Count
595
+17.8% YoY
Avg Grant Size
$790K
-5.9% YoY
Mission & Focus Areas
The Foundation's core mission centers on building a deeper and broader pro-democracy movement, with organizations led by working-class people from diverse backgrounds at the center. The Foundation believes that protecting and expanding multiracial democracy is the defining challenge of our time, and that philanthropy has a crucial role to play in this work.
The Foundation supports people who have been denied power to build it, so they can change unjust systems and create a more democratic, inclusive, and sustainable society. Key focus areas include:
- Democracy and civic engagement
- Poverty and economic justice
- Environment
- Gender and LGBTQ+ issues
- Community organizing and grassroots movements
Grantmaking
The Foundation is an active grantmaker with significant distribution capacity. In 2024, the Foundation made distributions of approximately $495 million across 597 grants. Grant sizes vary considerably, with a median grant of $500,000 and maximum grants reaching $14 million.
Grant Range
s vary considerably, with a median grant of $500,000 and maximum grants reaching $14 million.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
2024 Financial Data:
- Total Assets: $3.36 billion to $4.1 billion
- Annual Revenue: $1.13 billion
- Annual Expenses: $520 million
- Distributions: $495 million
- Total Liabilities: $64,700
2023 Financial Data:
- Revenue: $323.9 million
- Expenses: $458.2 million
- Assets: $2.75 billion
The Foundation maintains substantial financial resources and demonstrates consistent grantmaking activity year over year.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,362,377,321 | $2,750,408,293 | $2,884,777,601 |
| Revenue | $1,132,105,563 | $323,861,107 | $157,991,321 |
| Expenses | $520,151,983 | $458,231,361 | $385,377,151 |
| Qualifying Distributions | $494,506,702 | $438,456,177 | $371,931,481 |
| Net Investment Income | $1,123,239,366 | $300,724,683 | $131,203,042 |
| Distributable Amount | $186,817,427 | $198,792,619 | $212,981,087 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Deepak Bhargava - President (assumed role February 2024) Deepak brings over 30 years of expertise in social justice movements as a leader, campaigner, and strategist. Before becoming Freedom Together's President, he led the grassroots organization Community Change for 16 years, working to strengthen the community organizing field and launch coalitions that won major policy victories on issues such as poverty, health care, and immigration. He also served as a distinguished lecturer at the CUNY School of Labor and Urban Studies and a Senior Fellow at the Roosevelt Institute. He co-founded the Leadership for Democracy and Social Justice institute at CUNY, which trains and supports early and mid-career activists working for social change.
Barbara Picower - President Emerita/Chair (from February 2024) Founder of the Foundation in 2011.
Other Key Leadership:
- Gerald C. McNamara - Chief Investment Officer
- April C. Freilich - Chief Operating Officer, Executive Vice President (through December 2024)
- Michael Vaccaro - Chief Financial Officer
- William W. Ribbecke - Senior Vice President, Investments
- Dana Bourland - Senior Vice President, Environment
- Betsy Krebs - Senior Vice President, Poverty
- Arianne R. Jimenez - Senior Vice President, Democracy and Gender
- Deepak Pateriya - Senior Vice President, Strategy & Management
- Rakim Brooks - General Counsel
- Daniel Altschuler - Treasurer (from December 2024)
Board Members:
- Susan C. Frunzi - Trustee
- Hahrie Han - Trustee (from January 2024)
- Alan Jenkins - Trustee (from January 2024)
- Kierra Johnson - Trustee (from January 2024)
- Cecilia Munoz - Trustee (from January 2024)
- Mary Kay Henry - Trustee
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GERALD C MCNAMARA | CIO | 40 | $1,208,652 |
| APRIL C FREILICH | COO, EX. VP (THRU 12/13/24) | 40 | $933,860 |
| BARBARA PICOWER | PRESIDENT EMERITA/CHAIR (FROM 2/15/24) | 40 | $71,186 |
| DEEPAK BHARGAVA | PRESIDENT/VICE CHAIR (FROM 2/15/24) | 40 | $785,322 |
| DANIEL ALTSCHULER | TREASURER (FROM 12/13/24) | 40 | $346,641 |
| DEEPAK PATERIYA | SVP, STRATEGY & MGMT (FROM 2/6/24) | 40 | $375,793 |
| RAKIM BROOKS | GENERAL COUNSEL (FROM 5/15/24) | 40 | $217,182 |
| SUSAN C FRUNZI | TRUSTEE | 3 | — |
| HAHRIE HAN | TRUSTEE (FROM 1/1/24) | 3 | $35,000 |
| ALAN JENKINS | TRUSTEE (FROM 1/19/24) | 3 | $35,000 |
| KIERRA JOHNSON | TRUSTEE (FROM 1/1/24) | 3 | $35,000 |
| CECILIA MUNOZ | TRUSTEE (FROM 1/1/24) | 3 | $35,000 |
| MARY KAY HENRY | TRUSTEE (FROM 1/1/24) | 3 | — |
Recent News & Activity
Recent developments and announcements
The Foundation has been active in recent philanthropic initiatives and public engagement:
Featured in discussions about funding strategies to stop authoritarianism
What Every Funder Needs to Know about Stopping AuthoritarianismParticipated in launching a National Coalition of Nonprofits and Funders award to celebrate civic bravery
National Coalition of Nonprofits and Funders Launch New Award to ...Involved in The Courage Project, a collaborative effort among major funders taking a symbolic stand on key issues
President Deepak Bhargava published a letter titled "Courage Is Contagious" addressing the Foundation's commitment to supporting courageous action
Action Fund Expands Commitment to Protect Historically Black ...Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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