The Freed Foundation
The Freed Foundation is a private 501(c)(3) nonprofit organization based in Stuart, Florida. Established in 1955, the foundation operates as a grantmaking organization that provides funding and support to other charitable organizations while also engaging directly in charitable activities.
Key facts about The Freed Foundation
- EIN
- 52-6047591
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $875,000
- Grants made (2024)
- 1
- Average grant
- $875,000
- Median grant
- $875,000
- Total assets
- $15,158,648
- Primary geography
- Florida (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
How The Freed Foundation gives
- Giving fell 28% from 2021 to 2024. Method
- In 2024 it paid out 97% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with The Freed Foundation
- How to evaluate The Freed Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to The Freed Foundation with AI
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- Track this opportunity in a free grant tracker
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$15.2M
+1.7% YoY
Annual Giving
$875K
+16.3% YoY
Grant Count
1
-80.0% YoY
Avg Grant Size
$875K
+481.4% YoY
Under IRS private-foundation payout rules, The Freed Foundation reported a distributable amount of $1.0M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The Freed Foundation's mission is to minimize the impact of poverty by creating empowerment opportunities for disadvantaged children in marginalized communities through education and leadership development.
The foundation's primary funding focuses on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation emphasizes creating strong and comprehensive partnerships to achieve its goals through engaging people and communities, providing new resources and approaches to change, expanding educational and leadership programs, and engaging all stakeholders.
Grantmaking
The foundation has no current live grant opportunities listed.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
Total Assets: $15,158,648 (2024 filing)
Total Assets: $14.9 million (2023 filing)
Annual Revenue: $2,034,068 (2023)
Annual Expenses: $977,802 (2023)
Total Liabilities: $44,400 (2023)
Investments: $13.8 million
The foundation has experienced exceptional growth, with revenue increasing at an average rate of 14.7% annually over the past nine years.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $15,158,648 | $14,904,437 | $13,803,750 |
| Revenue | $1,488,448 | $2,034,068 | $442,741 |
| Expenses | $1,197,111 | $977,802 | $1,023,678 |
| Qualifying Distributions | $987,575 | $877,857 | $949,426 |
| Net Investment Income | $1,290,793 | $1,949,597 | $380,932 |
| Distributable Amount | $1,021,649 | $931,226 | $984,858 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
46 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include The Community Foundation of MC ($875,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE COMMUNITY FOUNDATION OF MC Stuart, FL | UNLIMITED USE | $875,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Elizabeth Freed — President
- Nicholas A Dotoli — Board Member
- Todd Zuckerbrod — Board Member
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Elizabeth Freed | President | 35 | $120,000 |
| Nicholas a Dotoli | Board Member | — | — |
| Sean Moreland | Board Member | — | — |
| Nicole Buccino | Board Member | — | — |
| Marjorie Hanley | Board Member | — | — |
Frequently Asked Questions
What does The Freed Foundation fund?
The Freed Foundation's mission is to minimize the impact of poverty by creating empowerment opportunities for disadvantaged children in marginalized communities through education and leadership development. The foundation's primary funding focuses on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services The foundation emphasizes creating strong and comprehensive partnerships to achieve its goals through engaging people and communities, providing new resources and approaches to…
How do I apply for a grant from The Freed Foundation?
**Grant Amounts:** Typical awards range from $15,000 to $875,000. **Total Annual Giving:** $875,000 (based on most recent filing) **Geographic Focus:** Primarily Florida The foundation has no current live grant opportunities listed.
What size grants does The Freed Foundation award?
In 2024, The Freed Foundation awarded 1 grant totaling $875K — an average of about $875K per grant, based on its IRS Form 990 filings.
How much is The Freed Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Freed Foundation reported a distributable amount of $1.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Freed Foundation's EIN?
The Freed Foundation's EIN (Employer Identification Number) is 52-6047591. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.