STUDENT FREEDOM INITIATIVE IS DEDICATED TO ENSURING FREEDOM IN PROFESSIONAL AND LIFE CHOICES FOR STUDENTS ATTENDING MINORITY SERVING INSTITUTIONS (MSIS).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$141.8M
-2.8% YoY
Annual Giving
$1.4M
+9.5% YoY
Grant Count
34
+240.0% YoY
Avg Grant Size
$40K
-67.8% YoY
About Student Freedom Initiative Inc
Based on IRS filings
Student Freedom Initiative Inc is a nonprofit organization focused on Education, based in WASHINGTON, DC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $141.8M in total assets. In 2024, it awarded 34 grants totaling $1.4M. Net investment income was $2.9M.
Focus Areas
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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 | $141,833,798 | $145,875,504 | $132,770,538 |
| Revenue | $5,904,402 | $19,723,286 | $15,285,825 |
| Expenses | $10,112,603 | $7,282,206 | $5,195,727 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $2,874,907 | $1,314,826 | $194,056 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
44 grants across all recorded years
Open Grants
3 open opportunities from Student Freedom Initiative Inc
HELPS Program Microgrant
STUDENT FREEDOM INITIATIVE INC
Amount
Up to $1,000 per academic year
Deadline
Rolling / Open
Student Freedom Loan Agreement (SFLA)
STUDENT FREEDOM INITIATIVE INC
Amount
Up to $20,000 annually (cap of $40,000 total)
Deadline
Rolling / Open
Student Investment Program (SIP)
STUDENT FREEDOM INITIATIVE INC
Amount
$1,000 grant per selected participant
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Claflin University ($150,000), Virginia Union University ($80,030), Alcorn State University ($70,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALABAMA A&M UNIVERSITY FOUNDATION INC HUNTSVILLE, AL | HELPS PROGRAM | $45,000 |
| ALABAMA STATE UNIVERSITY MONTGOMERY, AL | HELPS PROGRAM | $20,000 |
| ALBANY STATE UNIVERSITY ALBANY, GA | BROADBAND PROGRAM | $50,000 |
| ALBANY STATE UNIVERSITY ALBANY, GA | HELPS PROGRAM | $10,000 |
| ALCORN STATE UNIVERSITY LORMAN, MS | BROADBAND PROGRAM | $70,000 |
| BENNETT COLLEGE GREENSBORO, NC | HELPS PROGRAM | $19,000 |
| BLUEFIELD STATE UNIVERSITY BLUEFIELD, WV | HELPS PROGRAM | $10,000 |
| BOWIE STATE UNIVERSITY FOUNDATION BOWIE, MD | HELPS PROGRAM | $39,043 |
| CENTRAL STATE UNIVERSITY WILBERFORCE, OH | BROADBAND PROGRAM | $50,000 |
| CLAFLIN UNIVERSITY ORANGEBURG, SC | BROADBAND PROGRAM | $150,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT F SMITH | CHAIRMAN | 4 | — |
| HENRY LOUIS GATES | DIRECTOR | 1 | — |
| MICHAEL LOMAX | DIRECTOR | 1 | — |
| LINDA WILSON | DIRECTOR | 1 | — |
| LAWRENCE P BANCROFT | DIRECTOR | 1 | — |
| KEITH SHOATES | PRESIDENT/CHIEF OPERATING OFFICER | 25 | — |
| MARK BROWN | EXECUTIVE DIRECTOR | 40 | $312,764 |
| MICHELE MCCULLOM | GENERAL COUNSEL & SECRETARY | 40 | $197,973 |
| DONNA JONES | DIRECTOR OF OPERATIONS | 40 | $149,581 |
| YVETTE THOMAS | DIRECTOR OF CAPACITY BUILDING | 40 | $176,900 |
| BARRY CYNAMON | DIRECTOR OF PROGRAM DESIGN | 40 | $195,442 |
| KENNETH LUZZATTO | PROJECT MANAGER | 40 | $160,311 |
| RONALD CROZIER | CHIEF SECURITY OFFICER | 40 | $174,204 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Student Freedom Initiative Inc?
Student Freedom Initiative Inc is a nonprofit organization focused on Education, based in WASHINGTON, DC. It holds $141.8M in total assets as of 2024.
How large is Student Freedom Initiative Inc?
As of 2024, Student Freedom Initiative Inc holds $141.8M in total assets with $5.9M in annual revenue. It awarded 34 grants totaling $1.4M in 2024.
Where does Student Freedom Initiative Inc operate?
Student Freedom Initiative Inc has awarded grants in Alabama, California, Florida, Georgia, Louisiana, Massachusetts, Maryland, Mississippi, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia.
What size grants does Student Freedom Initiative Inc award?
In 2024, Student Freedom Initiative Inc awarded 34 grants totaling $1.4M — an average of about $40K per grant, based on its IRS Form 990 filings.
What is Student Freedom Initiative Inc's EIN?
Student Freedom Initiative Inc's EIN (Employer Identification Number) is 85-0557522. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Student Freedom Initiative Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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