Freeport McMoran Foundation

Foundation · Grantmaker Phoenix, AZ EIN: 13-6077350

Freeport McMoran Foundation is a private foundation, based in Phoenix, AZ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 1 grant totaling $23.2M. Net investment income was $5.

Key facts about Freeport McMoran Foundation

EIN
13-6077350
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$23,188,089
Grants made (2024)
1
Average grant
$23,188,089
Median grant
$23,188,089
Total assets
$2,396,864
Primary geography
Arizona (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

How Freeport McMoran Foundation gives

  • Giving grew 37% from 2021 to 2024. Method
  • In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Freeport McMoran Foundation

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.4M

+0.5% YoY

Annual Giving

$23.2M

+14.3% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$23.2M

+14.3% YoY

Under IRS private-foundation payout rules, Freeport McMoran Foundation reported a distributable amount of $314K for 2024 — the minimum it must pay out in qualifying distributions.

About Freeport McMoran Foundation

Based on IRS filings

Freeport McMoran Foundation is a private foundation, based in Phoenix, AZ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 1 grant totaling $23.2M. Net investment income was $5.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 1 itemized 2024 grant dollars.

States

Cities

Phoenix

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$6M$13M$19M$26M20202021202220232024
Metric202420232022
Total Assets$2,396,864$2,384,948$3,120,614
Revenue$23,200,005$19,550,000$19,400,000
Expenses$23,188,089$20,285,666$18,605,532
Qualifying Distributions$23,188,089$20,285,567$18,605,532
Net Investment Income$5——
Distributable Amount$314,113$333,366$322,119

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

$0$6M$12M$17M$23M1 grants20201 grants20211 grants20221 grants20231 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

See Statement 3: $23.2MSee Statement 3$23.2M

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M5$5M+

Open Grants

12 open opportunities from Freeport McMoran Foundation

Show all 12 →

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include See Statement 3 ($23,188,089).

RecipientPurposeAmount
SEE STATEMENT 3 Phoenix, AZTo Support Various Charitable Organizations - See Statement 3$23,188,089

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

NameTitleHoursCompensation
Tracy L BamePresident——
Douglas N Currault IIVice President——
Dean T FalgoustVice President——
Kathleen L QuirkVice President——
Douglas N Currault IISecretary——
Pamela Q MassonExecutive Dir.——
Robert R BoyceTreasurer——
Stephen T HigginsVice President——
Ellie L MikesVice President——
Douglas N Currault IIDirector——
Kathleen L QuirkDirector——
Sarah M GennusaFoundation Mgr.——
Stephen T HigginsDirector——
Tracy L BameDirector——

Frequently Asked Questions

How large is Freeport McMoran Foundation?

As of 2024, Freeport McMoran Foundation holds $2.4M in total assets with $23.2M in annual revenue. It awarded 1 grant totaling $23.2M in 2024.

Where does Freeport McMoran Foundation operate?

Freeport McMoran Foundation has awarded grants in Arizona.

What size grants does Freeport McMoran Foundation award?

In 2024, Freeport McMoran Foundation awarded 1 grant totaling $23.2M — an average of about $23.2M per grant, based on its IRS Form 990 filings.

How much is Freeport McMoran Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Freeport McMoran Foundation reported a distributable amount of $314K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Freeport McMoran Foundation's EIN?

Freeport McMoran Foundation's EIN (Employer Identification Number) is 13-6077350. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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