Michael and Jean Freed Family Foundation
Michael and Jean Freed Family Foundation is a private foundation, based in Longboat Key, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $273K in total assets. In 2025, it awarded 6 grants totaling $100K. Net investment income was $61K.
Michael and Jean Freed Family Foundation at a glance
In short: Michael and Jean Freed Family Foundation gave $100K across 6 grants in 2025 (avg $17K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $100,300
- +12.3% vs 2024
- Grants made (2025)
- 6
- +20.0% vs 2024
- Average grant
- $16,717
- -6.4% vs 2024
- Median grant
- $13,000
- Total assets
- $273,283
- -12.1% vs 2024
- Primary geography
- Illinois (51% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated November 2026.
Who Michael and Jean Freed Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was American Friends of Hebrew University ($43K). Together the top 6 received $100K.
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 24 grants of 24 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How Michael and Jean Freed Family Foundation gives
- Giving grew 25% from 2022 to 2025. Method
- In 2025 it paid out 485% of 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
From 2020 to 2025, annual grant giving ranged from $28K (2021) to $101K (2023). In 2025 it made 6 grants totaling $100K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Friends of Hebrew University Chicago, FL | General Charitable | $43,300 |
| University of Chicago Law School Chicago, IL | General Charitable | $25,000 |
| Jewish United Fund Chicago, IL | General Charitable | $20,000 |
| Cancer Research Foundation Chicago, IL | General Charitable | $6,000 |
| Jewish Federation of Sarasota Sarasota, FL | General Charitable | $5,000 |
| Embracing Our Differences Sarasota, FL | General Charitable | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $273,283 | $68,153 | $105,636 | $100,300 | 6 | $101,729 | $61,495 | $20,966 |
| 2024 | $310,766 | $71,714 | $94,135 | $89,300 | 5 | $90,657 | $66,921 | $22,963 |
| 2023 | $333,187 | $41,298 | $105,470 | $100,500 | 7 | $101,729 | $37,542 | $25,223 |
| 2022 | $397,359 | $22,725 | $85,429 | $80,000 | 4 | $81,115 | $18,411 | $26,929 |
| 2021 | $496,706 | $23,511 | $29,167 | $27,500 | 2 | $28,415 | $22,759 | $16,225 |
| 2020 | $502,362 | $6,129 | $34,423 | $33,300 | 1 | — | $6,129 | $1,327 |
Under IRS private-foundation payout rules, Michael and Jean Freed Family Foundation reported a distributable amount of $21K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Michael and Jean Freed Family Foundation is led by Michael J. Freed, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Michael J. Freed
President
On filings since 2020
5 hrs/week
No compensation reported
Jean L. Freed
Vice President
On filings since 2020
5 hrs/week
No compensation reported
Norman Shubert
Secretary
On filings since 2020
5 hrs/week
No compensation reported
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 Michael and Jean Freed Family Foundation
How much does Michael and Jean Freed Family Foundation give each year?
Michael and Jean Freed Family Foundation gave $100K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $89K across 5 grants.
What is Michael and Jean Freed Family Foundation's typical grant size?
Michael and Jean Freed Family Foundation's median grant in 2025 was $13,000, and its average grant was $16,717, across 6 grants on its 2025 IRS Form 990-PF.
Where does Michael and Jean Freed Family Foundation give grants?
Michael and Jean Freed Family Foundation gives mostly in Illinois: 51% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Florida (49%). The most frequent recipient cities were Chicago, IL (3 grants) and Sarasota, FL (2 grants).
Does Michael and Jean Freed Family Foundation give general operating support?
Yes: 100% of Michael and Jean Freed Family Foundation's 2025 grants with a stated purpose (6 of 6) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Michael and Jean Freed Family Foundation's largest grantees?
Michael and Jean Freed Family Foundation's largest 2025 grantees include American Friends of Hebrew University ($43,300), University of Chicago Law School ($25,000) and Jewish United Fund ($20,000), according to its 2025 IRS Form 990-PF. Together they received 88% of its itemized 2025 grant dollars.
How large is Michael and Jean Freed Family Foundation?
Michael and Jean Freed Family Foundation reported $273K in total assets on its 2025 IRS Form 990-PF. It paid out $102K in qualifying distributions that year, against a required minimum of $21K (roughly 5% of its investment assets).
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 2020–2025.
Data last updated November 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS September 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Michael and Jean Freed Family Foundation funds
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