Freeman Foundation is a private foundation focused on Education, based in CLEVELAND, OH. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $6.3M in total assets. In 2024, it awarded 31 grants totaling $450K. Net investment income was $508K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.3M
+1.1% YoY
Annual Giving
$450K
+12.5% YoY
Grant Count
31
+24.0% YoY
Avg Grant Size
$15K
-9.3% YoY
Under IRS private-foundation payout rules, Freeman Foundation reported a distributable amount of $426K for 2024 — the minimum it must pay out in qualifying distributions.
About Freeman Foundation
Based on IRS filings
Freeman Foundation is a private foundation focused on Education, based in CLEVELAND, OH. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $6.3M in total assets. In 2024, it awarded 31 grants totaling $450K. Net investment income was $508K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,300,798 | $6,233,442 | $3,682,008 |
| Revenue | $613,594 | $3,104,342 | $1,092,008 |
| Expenses | $622,476 | $552,908 | $275,337 |
| Qualifying Distributions | $554,680 | $500,800 | $245,000 |
| Net Investment Income | $507,791 | $297,954 | $157,671 |
| Distributable Amount | $426,063 | $298,069 | $213,954 |
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
72 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Community Catalyst Partners ($30,000), Rock It Out ($30,000), Cleveland Metroparks ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ANIMAL PROTECTION LEAGUE CLEVELAND, OH | GENERAL SUPPORT | $15,000 |
| CAROLINA POODLE PACOLET, SC | GENERAL SUPPORT | $10,000 |
| CAROLYN I FARRELL FOUNDATION WESTLAKE, OH | GENERAL SUPPORT | $10,000 |
| CLEVELAND METROPARKS CLEVELAND, OH | GENERAL SUPPORT | $25,000 |
| CLEVELAND METROPARKS ZOO CLEVELAND, OH | GENERAL SUPPORT | $25,000 |
| CLEVELAND PUBLIC THEATRE CLEVELAND, OH | GENERAL SUPPORT | $10,000 |
| COMMUNITY CATALYST PARTNERS WOODSTOCK, CT | GENERAL SUPPORT | $30,000 |
| EDWINS FOUNDATION CLEVELAND, OH | GENERAL SUPPORT | $10,000 |
| FIRST TEE NEWBURGH HEIGHTS, OH | GENERAL SUPPORT | $10,000 |
| IDEASTREAM CLEVEALAND, OH | GENERAL SUPPORT | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD FREEMAN | OFFICER | 5 | $100,000 |
| ELLEN KRAATZ | OFFICER | 10 | — |
| AINO WHEELER | TRUSTEE | — | — |
| RITA BIGHAM | TRUSTEE | — | — |
| TAFF KRAATZ | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Freeman Foundation?
Freeman Foundation is a private foundation focused on Education, based in CLEVELAND, OH. It holds $6.3M in total assets as of 2024.
How large is Freeman Foundation?
As of 2024, Freeman Foundation holds $6.3M in total assets with $614K in annual revenue. It awarded 31 grants totaling $450K in 2024.
Where does Freeman Foundation operate?
Freeman Foundation has awarded grants in California, Connecticut, Michigan, New York, Ohio, South Carolina.
What size grants does Freeman Foundation award?
In 2024, Freeman Foundation awarded 31 grants totaling $450K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is Freeman Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Freeman Foundation reported a distributable amount of $426K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Freeman Foundation's EIN?
Freeman Foundation's EIN (Employer Identification Number) is 34-6572280. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in Freeman Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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