Freeport McMoran Foundation

Private 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 2025. As of 2025, the organization holds $484K in total assets. In 2025, it awarded 1 grant totaling $25.9M. Net investment income was $22.

Freeport McMoran Foundation at a glance

In short: Freeport McMoran Foundation gave $25.9M across 1 grant in 2025 (avg $25.9M), mostly in Arizona. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$25,912,702
+11.8% vs 2024
Grants made (2025)
1
+0.0% vs 2024
Average grant
$25,912,702
+11.8% vs 2024
Median grant
$25,912,702
Total assets
$484,185
-79.8% vs 2024
Primary geography
Arizona (100% of itemized 2025 grant dollars)
Latest 990 filing
Form 990-PF, 2025 View filing

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

How to apply to Freeport McMoran Foundation

Who Freeport McMoran Foundation funds

How this funder distributes its grants

Grant Size Distribution

5 grants across all recorded years

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

The most common grant size was $5M or more: 5 grants of 5 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Phoenix

How Freeport McMoran Foundation gives

  • Giving grew 39% from 2022 to 2025. Method
  • In 2025 it paid out well above 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

$0$10M$20M$30M1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

From 2020 to 2025, annual grant giving ranged from $11.5M (2020) to $25.9M (2025). In 2025 it made 1 grant totaling $25.9M.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
See Statement 4 Phoenix, AZTo Support Various Charitable Organizations - See Statement 3$25,912,702
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$484,185$24,000,022$25,912,702$25,912,7021$25,912,702$22$303,389
2024$2,396,864$23,200,005$23,188,089$23,188,0891$23,188,089$5$314,113
2023$2,384,948$19,550,000$20,285,666$20,285,5671$20,285,567—$333,366
2022$3,120,614$19,400,000$18,605,532$18,605,5321$18,605,532—$322,119
2021$2,326,146$18,600,000$16,882,050$16,882,0501$16,882,050—$243,423
2020$608,196$8,250,000$11,537,200$11,536,9501——$106,232

Under IRS private-foundation payout rules, Freeport McMoran Foundation reported a distributable amount of $303K for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Freeport McMoran Foundation is led by Pamela Q. Masson, Executive Director on every filing since 2020; none of the 9 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Pamela Q. Masson

    Executive Director

    On filings since 2020

    No compensation reported

  • Tracy L. Bame

    President & Director

    President & Director → President, 2023

    President → President & Director, 2024

    On filings since 2020

    No compensation reported

  • Douglas N. Currault II

    Vice President, Secretary & Director

    Senior Vice President, Secretary & Director → Vice President, Secretary & Director, 2022

    On filings since 2020

    No compensation reported

  • Kathleen L. Quirk

    Vice President & Director

    Executive Vice President & Director → Vice President & Director, 2022

    On filings since 2020

    No compensation reported

  • Stephen T. Higgins

    Vice President & Director

    Senior Vice President & Director → Vice President & Director, 2022

    On filings since 2020

    No compensation reported

  • Dean T. Falgoust

    Vice President

    On filings since 2020

    No compensation reported

  • Ellie L. Mikes

    Vice President

    Assistant Treasurer → Vice President, 2022

    On filings since 2020

    No compensation reported

  • Robert R. Boyce

    Treasurer

    On filings since 2020

    No compensation reported

  • Sarah M. Gennusa

    Foundation Manager

    Manager → Foundation Manager, 2023

    On filings since 2020

    No compensation reported

Former officers (2)
  • Former: Bradley J. Fox (2022–2023) — Treasurer
  • Former: Richard C. Adkerson (2022) — Director

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.

Frequently asked questions about Freeport McMoran Foundation

How much does Freeport McMoran Foundation give each year?

Freeport McMoran Foundation gave $25.9M across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $23.2M across 1 grant.

How large is Freeport McMoran Foundation?

Freeport McMoran Foundation reported $484K in total assets on its 2025 IRS Form 990-PF. It paid out $25.9M in qualifying distributions that year, against a required minimum of $303K (roughly 5% of its investment assets).

Where does Freeport McMoran Foundation operate?

Freeport McMoran Foundation has awarded grants in Arizona.

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 2020–2025.

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

Data update history

(2)

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS June 17, 2026)
  2. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Freeport McMoran Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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