Neal & Jane Freeman Foundation Inc
Neal & Jane Freeman Foundation Inc is a private foundation focused on Education, based in AMELIA ISLAND, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.7M in total assets. In 2024, it awarded 4 grants totaling $87K. Net investment income was $126K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.7M
+24.1% YoY
Annual Giving
$87K
-24.6% YoY
Grant Count
4
-60.0% YoY
Avg Grant Size
$22K
+88.4% YoY
Under IRS private-foundation payout rules, Neal & Jane Freeman Foundation Inc reported a distributable amount of $165K for 2024 — the minimum it must pay out in qualifying distributions.
About Neal & Jane Freeman Foundation Inc
Based on IRS filings
Neal & Jane Freeman Foundation Inc is a private foundation focused on Education, based in AMELIA ISLAND, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.7M in total assets. In 2024, it awarded 4 grants totaling $87K. Net investment income was $126K.
Ready to take the next step with Neal & Jane Freeman Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,656,469 | $2,947,348 | $2,844,246 |
| Revenue | $318,349 | $432,229 | $190,740 |
| Expenses | $164,619 | $183,024 | $168,161 |
| Qualifying Distributions | $126,403 | $153,220 | $136,485 |
| Net Investment Income | $126,370 | $313,807 | $95,430 |
| Distributable Amount | $165,103 | $139,302 | $147,142 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
39 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Heritage Foundation ($50,000), Intercollegiate Studies Inst ($16,666), Real Clear Foundation ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Real Clear Foundation Nortbrook, IL | General Support Contribution | $10,000 |
| Intercollegiate Studies Inst Wilmington, DE | General Purpose Contribution | $16,666 |
| Heritage Foundation Washington, DC | General Purpose Contribution | $50,000 |
| Maine Policy Institute Portland, ME | General Purpose Contribution | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NEAL B FREEMAN | President & CEO | 2 | $20,000 |
| JANE M FREEMAN | Treasurer | 1 | $5,000 |
| KATHRYN F BROWN | Director | 1 | $5,000 |
| WILLIAM B FREEMAN | Director | 1 | $5,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Neal & Jane Freeman Foundation Inc?
Neal & Jane Freeman Foundation Inc is a private foundation focused on Education, based in AMELIA ISLAND, FL. It holds $3.7M in total assets as of 2024.
How large is Neal & Jane Freeman Foundation Inc?
As of 2024, Neal & Jane Freeman Foundation Inc holds $3.7M in total assets with $318K in annual revenue. It awarded 4 grants totaling $87K in 2024.
Where does Neal & Jane Freeman Foundation Inc operate?
Neal & Jane Freeman Foundation Inc has awarded grants in California, Connecticut, District of Columbia, Delaware, Florida, Illinois, Indiana, Maine, Michigan, New Jersey, New York, Virginia.
What size grants does Neal & Jane Freeman Foundation Inc award?
In 2024, Neal & Jane Freeman Foundation Inc awarded 4 grants totaling $87K — an average of about $22K per grant, based on its IRS Form 990 filings.
How much is Neal & Jane Freeman Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Neal & Jane Freeman Foundation Inc reported a distributable amount of $165K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Neal & Jane Freeman Foundation Inc's EIN?
Neal & Jane Freeman Foundation Inc's EIN (Employer Identification Number) is 13-3603615. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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