Freeman Family Fund

Private foundation · Grantmaker Dallas, TX EIN: 36-7212973

Freeman Family Fund is a private foundation, based in Dallas, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $4.8M in total assets. In 2025, it awarded 5 grants totaling $258K. Net investment income was $221K.

Key facts about Freeman Family Fund

In short: Freeman Family Fund gave $258K across 5 grants in 2025 (avg $52K), mostly in Illinois. Source: 2025 IRS Form 990-PF.

EIN
36-7212973
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$258,000
Grants made (2025)
5
Average grant
$51,600
Median grant
$43,000
Total assets
$4,793,845
Primary geography
Illinois (67% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$4.8M

-1.2% YoY

Annual Giving

$258K

+11.4% YoY

Grant Count

5

-16.7% YoY

Avg Grant Size

$52K

+33.7% YoY

Under IRS private-foundation payout rules, Freeman Family Fund reported a distributable amount of $291K for 2025 — the minimum it must pay out in qualifying distributions.

How Freeman Family Fund gives

  • Giving held roughly steady from 2022 to 2025 (−7%). Method
  • In 2025 it paid out 94% 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

8states

Share of 2025 grant dollars across all 5 itemized grants.

Cities

ChicagoEvanstonOrland ParkNew YorkJupiterProvidenceStaten IslandTopekaBarringtonMemphisBoobeHills DaleNorthfieldAtlanta

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K11 grants2020 12 grants2021 11 grants2022 9 grants2023 6 grants2024 5 grants2025

From 2020 to 2025, annual grant giving ranged from $227K (2021) to $277K (2022). In 2025 it made 5 grants totaling $258K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2025

The Cradle Society: $86KThe Cradle Society$86KNational Audubon Society Inc: $43KNational Audubon Society Inc$43KUS Fund for UNICEF: $43KUS Fund for UNICEF$43KAmerican Cancer Society Inc: $43KAmerican Cancer Society Inc$43KNorthfield Community Church: $43KNorthfield Community Church$43K

The largest 2025 recipient was The Cradle Society ($86K). Together the top 5 received $258K.

Grant Size Distribution

43 grants across all recorded years

42<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 42 grants of 43 (98%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
The Cradle Society Evanston, ILUnrestricted General$86,000
National Audubon Society Inc New York, NYUnrestricted General$43,000
US Fund for UNICEF New York, NYUnrestricted General$43,000
American Cancer Society Inc Atlanta, ILUnrestricted General$43,000
Northfield Community Church Northfield, ILUnrestricted General$43,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$250K$500K$750K$1M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$4,793,845$4,850,035$4,860,010
Revenue$246,482$258,345$179,697
Expenses$302,677$268,337$287,398
Qualifying Distributions$272,810$245,162$250,858
Net Investment Income$220,788$228,875$157,455
Distributable Amount$291,351$271,546$244,345

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS March 30, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS January 27, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS February 1, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS January 31, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS January 23, 2025)
  6. Updated Form 990-PF for fiscal year 2025 (received by the IRS January 31, 2026)
  7. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

Freeman Family Fund's 2025 filing lists 3 officers; 1 of 3 officers listed in 2025 is compensated.

Officers on the 2025 filing

  • Bank Of America

    Trustee

    On filings since 2022

    1 hr/week

    $31K (2022) → $36K (2025)

  • Frederic E Freeman

    Charitable Manager

    On filings since 2020

    1 hr/week

    No compensation reported

  • Virginia A Freeman

    Charitable Manager

    On filings since 2020

    1 hr/week

    No compensation reported

Former officers (1)
  • Former: Bank of America N A (2020–2021) — 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 2025 IRS filing

Bank of America — Trustee: $36KBank of AmericaTrustee$36K

The highest reported compensation on the 2025 filing was $36K, to Bank of America (Trustee).

Frequently asked questions about Freeman Family Fund

How much does Freeman Family Fund give each year?

Freeman Family Fund gave $258K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $232K across 6 grants.

What is Freeman Family Fund's typical grant size?

Freeman Family Fund's median grant in 2025 was $43,000, and its average grant was $51,600, across 5 grants on its 2025 IRS Form 990-PF.

Where does Freeman Family Fund give grants?

Freeman Family Fund gives mostly in Illinois: 67% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New York (33%). The most frequent recipient cities were New York, NY (2 grants).

Does Freeman Family Fund give general operating support?

Yes: 100% of Freeman Family Fund's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are Freeman Family Fund's largest grantees?

Freeman Family Fund's largest 2025 grantees include The Cradle Society ($86,000), National Audubon Society Inc ($43,000) and US Fund for UNICEF ($43,000), according to its 2025 IRS Form 990-PF. Together they received 67% of its itemized 2025 grant dollars.

How large is Freeman Family Fund?

Freeman Family Fund reported $4.8M in total assets on its 2025 IRS Form 990-PF. It paid out $273K in qualifying distributions that year, against a required minimum of $291K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

What is Freeman Family Fund's EIN?

Freeman Family Fund's EIN (Employer Identification Number) is 36-7212973. 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.

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