Michael and Jean Freed Family Foundation
Michael and Jean Freed Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LONGBOAT KEY, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $311K in total assets. In 2024, it awarded 5 grants totaling $89K. Net investment income was $67K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$311K
-6.7% YoY
Annual Giving
$89K
-11.1% YoY
Grant Count
5
-28.6% YoY
Avg Grant Size
$18K
+24.4% YoY
Under IRS private-foundation payout rules, Michael and Jean Freed Family Foundation reported a distributable amount of $23K for 2024 — the minimum it must pay out in qualifying distributions.
About Michael and Jean Freed Family Foundation
Based on IRS filings
Michael and Jean Freed Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LONGBOAT KEY, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $311K in total assets. In 2024, it awarded 5 grants totaling $89K. Net investment income was $67K.
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 | $310,766 | $333,187 | $397,359 |
| Revenue | $71,714 | $41,298 | $22,725 |
| Expenses | $94,135 | $105,470 | $85,429 |
| Qualifying Distributions | $90,657 | $101,729 | $81,115 |
| Net Investment Income | $66,921 | $37,542 | $18,411 |
| Distributable Amount | $22,963 | $25,223 | $26,929 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
19 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include American Friends of Hebrew University ($33,300), University of Chicago Law School ($25,000), Jewish United Fund ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN FRIENDS OF HEBREW UNIVERSITY CHICAGO, FL | GENERAL CHARITABLE | $33,300 |
| CANCER RESEARCH FOUNDATION CHICAGO, IL | GENERAL CHARITABLE | $6,000 |
| JEWISH FEDERATION OF SARASOTA SARASOTA, FL | GENERAL CHARITABLE | $5,000 |
| JEWISH UNITED FUND CHICAGO, IL | GENERAL CHARITABLE | $20,000 |
| UNIVERSITY OF CHICAGO LAW SCHOOL CHICAGO, IL | GENERAL CHARITABLE | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL J FREED | PRESIDENT | 5 | — |
| JEAN L FREED | VICE PRESIDENT | 5 | — |
| NORMAN SHUBERT | SECRETARY | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Michael and Jean Freed Family Foundation?
Michael and Jean Freed Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LONGBOAT KEY, FL. It holds $311K in total assets as of 2024.
How large is Michael and Jean Freed Family Foundation?
As of 2024, Michael and Jean Freed Family Foundation holds $311K in total assets with $72K in annual revenue. It awarded 5 grants totaling $89K in 2024.
Where does Michael and Jean Freed Family Foundation operate?
Michael and Jean Freed Family Foundation has awarded grants in Florida, Illinois.
What size grants does Michael and Jean Freed Family Foundation award?
In 2024, Michael and Jean Freed Family Foundation awarded 5 grants totaling $89K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is Michael and Jean Freed Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Michael and Jean Freed Family Foundation reported a distributable amount of $23K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Michael and Jean Freed Family Foundation's EIN?
Michael and Jean Freed Family Foundation's EIN (Employer Identification Number) is 20-1915201. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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