Freedom Fund
- Assets
- $51.7m
- Revenue
- $51.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Brooklyn, NY
- Founding
- 03/2014
- Data as of
- 12/2021
- EIN
- 30-0805768
Organization Overview
Freedom Fund is located in Brooklyn, NY. The organization was established in 2014. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Freedom Fund employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freedom Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Freedom Fund generated $51.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $12.7m during the year ending 12/2021. While expenses have increased by 4.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Freedom Fund has awarded 83 individual grants totaling $9,185,546. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MOBILIZE THE CAPITAL AND KNOWLEDGE NEEDED TO END SLAVERY. WE GENERATE PRIVATE FUNDING BY DEMONSTRATING HOW EFFECTIVE INTERVENTIONS CAN PROTECT THOSE AT RISK OF BEING ENSLAVED AND FREE THOSE IN SLAVERY. WE INVEST IN THOSE COUNTRIES AND SECTORS WITH THE GREATEST INCIDENCE OF SLAVERY. WE ANALYZE WHICH INTERVENTIONS WORK BEST, AND WE SHARE THAT KNOWLEDGE. WE BRING TOGETHER A COMMUNITY OF ACTIVISTS COMMITTED TO ENDING SLAVERY AND EMPOWERED BY THE KNOWLEDGE OF HOW BEST TO DO SO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOTSPOTS PROJECTS: THE FREEDOM FUND HAS SELECTED KEY GEOGRAPHIC AREAS KNOWN TO HAVE A HIGH INCIDENCE OF MODERN SLAVERY, WHERE OUR INTERVENTIONS ARE MOST LIKELY TO RESULT IN A MEASUREABLE REDUCTION IN SLAVERY. IN OUR HOTSPOT PROJECTS, WE INVEST IN A RANGE OF COMMUNITY-BASED ORGANIZATIONS TO ENABLE THEM TO PROTECT THOSE AT RISK OF SLAVERY, RESCUE AND REHABILITATE THOSE ENSLAVED, AND PROSECUTE THOSE RESPONSIBLE. THESE HOTSPOT PROJECTS ENCOURAGE COOPERATION BETWEEN LOCAL GRASSROOTS ORGANIZATIONS AND ENSURE AN INTEGRATED, CROSS-DISCIPLINARY APPROACH.
MOVEMENT BUILDING: ORGANIZATIONS AROUND THE WORLD ARE DOING EXCEPTIONAL WORK TO ERADICATE SLAVERY BUT, TOO OFTEN, THESE EFFORTS ARE FRAGMENTED AND UNDERFUNDED. WE AIM TO BUILD A GLOBAL COMMUNITY OF ACTIVISTS, EXPERTS AND DONORS BY PROVIDING THE PLATFORM, KNOWLEDGE, AND TOOLS FOR THEM TO CONNECT AND WORK TOGETHER MORE EFFECTIVELY OVER A SUSTAINED PERIOD. WE USE OUR GLOBAL LEADERSHIP ROLE, AND THE CREDIBILITY CONFERRED BY THE BACKING OF OUR FOUNDERS, TO BRING ACTORS TOGETHER AND ENCOURAGE GREATER COLLABORATION AND COORDINATION.
GLOBAL INITIATIVES: OUR SECTOR INITIATIVES COORDINATE ACTORS AND RESOURCES AROUND A SLAVERY-SPECIFIC ISSUE, INCLUDING SECTORS, INDUSTRIES, OR CIRCUMSTANCES. THIS ALLOWS THE FREEDOM FUND TO TACKLE SYSTEMIC ISSUES LIKE SLAVERY IN FISHING OR CROSS-BORDER MIGRATION WITH NEW TECHNOLOGICAL TOOLS OR LEGAL INITIATIVES. IT FACILITATES A COLLABORATIVE APPROACH AND GREATER COMBINED IMPACT. THE FREEDOM FUND PROVIDES A CHANNEL THROUGH WHICH THOSE WITH FUNDS, KNOWLEDGE, OR INFLUENCE CAN IMPACT INTERNATIONAL ORGANIZATIONS, GOVERNMENTS, MEDIA AND THE CORPORATE SECTOR TO SPEED ACTION.
QUALITY AND LEARNING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Grono CEO | Officer | 40 | $301,586 |
Amy Rahe Managing Director Of North America | 40 | $148,622 | |
Dan Vexler Managing Director Of Programs | 40 | $125,246 | |
Maggie Gardner Managing Director Of Development And Partnerships | 40 | $124,607 | |
Zoe Marshall Dir. Of Finance/ Secretary | Officer | 40 | $123,670 |
Yuki Lo Head Of Research And Evaluation | 40 | $102,866 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Geneva Global Program Management Services | 12/30/18 | $1,287,917 |
Trinet Payroll Services | 12/30/18 | $595,806 |
Dilhan Attanayake Web Design And Maintenance | 12/30/18 | $131,214 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,481,060 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,713,823 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,194,883 |
| Total Program Service Revenue | $0 |
| Investment income | $6,275 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,201,158 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,225,236 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,092,724 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $488,125 |
| Compensation of current officers, directors, key employees. | $152,042 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,805,855 |
| Pension plan accruals and contributions | $254,080 |
| Other employee benefits | $86,908 |
| Payroll taxes | $356,429 |
| Fees for services: Management | $1,917,892 |
| Fees for services: Legal | $20,499 |
| Fees for services: Accounting | $44,889 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $194,603 |
| Advertising and promotion | $42,883 |
| Office expenses | $99,956 |
| Information technology | $156,270 |
| Royalties | $0 |
| Occupancy | $245,939 |
| Travel | $172,479 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $104,128 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,602 |
| Insurance | $47,706 |
| All other expenses | $235,462 |
| Total functional expenses | $12,709,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,802,559 |
| Savings and temporary cash investments | $20,719,379 |
| Pledges and grants receivable | $2,997,520 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $127,836 |
| Net Land, buildings, and equipment | $47,493 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,565 |
| Total assets | $51,719,352 |
| Accounts payable and accrued expenses | $814,609 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $112,924 |
| Total liabilities | $927,533 |
| Net assets without donor restrictions | $46,159,341 |
| Net assets with donor restrictions | $4,632,478 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $51,719,352 |
Grants Awarded
Over the last fiscal year, Freedom Fund has awarded $1,225,236 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL SUPPORT | $250,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $225,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $220,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $182,099 |
Washington, DC PURPOSE: GENERAL SUPPORT | $140,000 |
Berkeley, CA PURPOSE: GENERAL SUPPORT | $125,000 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Freedom Fund has recieved totaling $36,102,680.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: International Development | $35,000,000 |
Humanity United San Francisco, CA PURPOSE: GENERAL OPERATING SUPPORT | $250,000 |
Humanity United San Francisco, CA PURPOSE: GENERAL OPERATING SUPPORT | $250,000 |
Humanity United San Francisco, CA PURPOSE: FORCED LABOR | $245,000 |
Humanity United San Francisco, CA PURPOSE: FORCED LABOR | $105,000 |
Humanity United San Francisco, CA PURPOSE: COVID RESPONSE | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bny Mellon Charitable Gift Fund Boston, MA | $342,614,894 | $208,280,795 |
Keren Keshet-The Rainbow Foundation New York, NY | $212,134,789 | $28,921,665 |
Roswell Park Alliance Foundation Buffalo, NY | $159,422,911 | $37,424,046 |
World Of Giving Inc Spring Valley, NY | $6,086,190 | $25,054,815 |
Chapel & York Us Foundation Inc New York, NY | $7,715,489 | $28,773,311 |
Give Lively Foundation Inc New York, NY | $21,044,109 | $22,415,300 |
Greater Hartford Community Foundation Inc Hartford, CT | $8,414,279 | $22,150,705 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |