Liberty Fund Inc
- Assets
- $356.6m
- Revenue
- $12.9m
- Investments
- $336.0m
- Employees
- 0
- Location
- Carmel, IN
- Founding
- 12/1962
- Data as of
- 04/2023
- EIN
- 35-1320021
Organization Overview
Liberty Fund Inc is located in Carmel, IN. The organization was established in 1962. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liberty Fund Inc 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 04/2023, Liberty Fund Inc generated $12.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $18.6m during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Liberty Fund Inc has awarded 15 individual grants totaling $2,169,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBERTY FUND COLLOQUIA AND SYMPOSIUMS: COLLOQUIM AND SYMPOSIUMS WERE DEVELOPED AND CONDUCTED IN THE UNITED STATES, LATIN AMERICA, AND EUROPE. COLLOQUIUM AND SYMPOSIUMS ARE TO FOSTER THOUGHT AND ENCOURAGE DISCOURSE ON ENDURING ISSUES PERTAINING TO LIBERTY.
LIBERTY FUND WEBSITES: THE LIBRARY OF THE CLASSICS OF LIBERTY - HTTP://OLL.LIBERTYFUND.ORG - IS A WEBSITE DEDICATED TO MAKING THE CLASSIC TEXTS WHICH CONTRIBUTED TO OUR MODERN UNDERSTANDING OF THE NATURE OF LIMITED GOVERNMENT, INDIVIDUAL LIBERTY, AND THE FREE MARKET MORE ACCESSIBLE TO SCHOLARS, STUDENTS AND OTHER INTERESTED INDIVIDUALS. THE LIBRARY OF ECONOMICS AND LIBERTY WWW.ECONLIB.ORG - IS A WEBSITE DEDICATED TO ADVANCING THE STUDY OF ECONOMICS, MARKETS, AND LIBERTY. THE LIBRARY OF LAW AND LIBERTY - WWW.LAWLIBERTY.ORG - IS A WEBSITE DEDICATED TO THE CONTENT, STATUS, AND DEVELOPMENT OF LAW IN THE CONTEXT OF REPUBLICAN AND LIMITED GOVERNMENT AND THE WAYS THAT LIBERTY AND LAW MUTUALLY REINFORCE THE OTHER. WWW.ADAMSMITHWORKS.ORG IS A WEBSITE FOCUSING ON THE WORKS OF ADAM SMITH. ALL OF THESE SITES ARE PART OF THE LIBERTY FUND NETWORK, AND CAN BE ACCESSED UNDER THE ORGANIZATION'S HOMEPAGE, WWW.LIBERTYFUND.ORG.
LIBERTY FUND CO-SPONSORED PROGRAMS: LIBERTY FUND ADMINISTERED CO-SPONSORED PROGRAMS WITH OTHER NON-PROFIT ORGANIZATIONS WITH SIMILAR EDUCATIONAL AND PUBLIC PURPOSES. LIBERTY FUND AND THE CO-SPONSORS HAVE JOINT OR SHARED RESPONSIBILITIES OVER PLANNING, DEVELOPING, COORDINATING, CONDUCTING, AND EVALUATING THE CONFERENCE PROGRAMS HELD. AS WITH THE LIBERTY FUND COLLOQUIA AND SYMPOSIUMS, THE CO-SPONSORED PROGRAMS ARE TO FOSTER THOUGHT AND ENCOURAGE DISCOURSE ON ENDURING ISSUES PERTAINING TO LIBERTY.
LIBERTY FUND PUBLISHING: LIBERTY FUND PUBLISHED FOUR NEW TITLES AND CONDUCTED EDITORIAL WORK ON OTHER UPCOMING PUBLICATIONS. TITLES SELECTED FOR PUBLISHING ARE THOSE THAT WILL PRESERVE THE WISDOM AND LEARNING OF THE AGES, AND STRENGTHEN, IN PARTICULAR, THE UNDERSTANDING AND APPRECIATION OF INDIVIDUAL LIBERTY AND RESPONSIBILITY. TITLES INCLUDE CLASSICS IN THE FIELDS OF HISTORY, POLITICAL THOUGHT, PHILOSOPHY, LAW, EDUCATION, AND ECONOMICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | 3 | $52,500 | |
Name Not Listed Director | 3 | $50,250 | |
Name Not Listed Director | 3 | $51,000 | |
Name Not Listed Director, Chairman | 10 | $91,500 | |
Name Not Listed Director | 3 | $52,500 | |
Name Not Listed Director; SVP & Pierre F Goodrich Resident Scholar | 40 | $287,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartis Interactive Llc | 4/29/24 | $1,592,968 |
Sondhi Solutions Llc | 4/29/24 | $198,571 |
Walter Lee Davis Jr | 4/29/24 | $193,888 |
Mitchell E Daniels Jr | 4/29/24 | $168,000 |
Lauren Landsburg | 4/29/24 | $87,570 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,033 |
| Interest on Savings | $5,730 |
| Dividends & Interest | $8,322,566 |
| Net Rental Income | $400 |
| Net Gain on Sale of Assets | $4,276,757 |
| Capital Gain Net Income | $4,276,757 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $323,850 |
| Total Revenue | $12,931,336 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,946,171 |
| Other employee salaries and wages | $3,187,545 |
| Pension plans, employee benefits | $1,301,588 |
| Interest | $548,945 |
| Taxes | $14 |
| Depreciation | $977,471 |
| Occupancy | $829,453 |
| Travel, conferences, and meetings | $3,511,307 |
| Printing and publications | $805,362 |
| Other expenses | $801,425 |
| Total operating and administrative expenses | $18,565,637 |
| Contributions, gifts, grants paid | $42,500 |
| Total expenses and disbursements | $18,608,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,292 |
| Savings and temporary cash investments | $115,926 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $340 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $700,000 |
| Net Land, buildings, and equipment | $20,121,463 |
| Other assets | $237,057 |
| Total assets | $356,589,428 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $20,515,000 |
| Other liabilities | $24,510 |
| Total liabilities | $20,539,510 |
Grants Awarded
Over the last fiscal year, Liberty Fund Inc has awarded $41,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATION OF PRIVATE ENTERPRISE EDUCATION PURPOSE: SPONSOR UNDERGRADUATE RESEARCH COMPETITION | $10,000 |
THE TIKVAH FUND PURPOSE: HEBREW TRANSLATION AND PUBLICATION OF SCHUMPETER'S "CAPITALISM, SOCIALISM, AND DEMOCRACY" | $14,000 |
AMERICAS FUTURE FOUNDATION DBA TALENT MARKET LLC PURPOSE: GENERAL | $5,000 |
ECONOMIC FREEDOM FOUNDATION PURPOSE: POLISH TRANSLATION OF "THE FEDERALISTS" | $12,500 |