Searle Freedom Trust
- Assets
- $105.1m
- Revenue
- $12.6m
- Investments
- $96.1m
- Employees
- 0
- Location
- Madison, WI
- Founding
- 01/1999
- Data as of
- 12/2020
- EIN
- 36-7244615
Organization Overview
Searle Freedom Trust is located in Madison, WI. The organization was established in 1999. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Searle Freedom Trust 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 12/2020, Searle Freedom Trust generated $12.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (31.2%) each year. All expenses for the organization totaled $25.8m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Searle Freedom Trust has awarded 235 individual grants totaling $46,290,631. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kinship Trust Company Llc Trustee | 10 | $599,500 | |
Kimberly O Dennis Executive Director | 40 | $502,343 | |
Richard J Tren Program Officer | 40 | $238,148 | |
Courtney E Myers Program Officer | 40 | $211,578 | |
Jennifer E Mcdougal Office Manager | 40 | $91,610 | |
Steven F Hayward Grant Advisor | 1 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $207,288 |
| Dividends & Interest | $1,117,478 |
| Net Rental Income | $8,997 |
| Net Gain on Sale of Assets | $10,716,446 |
| Capital Gain Net Income | $10,564,612 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $566,163 |
| Total Revenue | $12,616,372 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,463,922 |
| Other employee salaries and wages | $484,600 |
| Pension plans, employee benefits | $217,161 |
| Interest | $174,235 |
| Taxes | $89,209 |
| Depreciation | $2,168 |
| Occupancy | $323,174 |
| Travel, conferences, and meetings | $28,663 |
| Printing and publications | $0 |
| Other expenses | $732,453 |
| Total operating and administrative expenses | $3,522,412 |
| Contributions, gifts, grants paid | $22,227,592 |
| Total expenses and disbursements | $25,750,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $8,526,163 |
| Net Accounts receivable | $2,100 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $96,116,111 |
| Net Land, buildings, and equipment | $2,287 |
| Other assets | $448,293 |
| Total assets | $105,094,955 |
| Accounts payable and accrued expenses | $378 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $140,661 |
| Total liabilities | $141,039 |
Grants Awarded
Over the last fiscal year, Searle Freedom Trust has awarded $24,063,039 in support to 120 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ENTERPRISE INSTITUTE PURPOSE: RESEARCH | $1,250,000 |
Fairfax, VA PURPOSE: EDUCATION AND OUTREACH | $700,000 |
Los Angeles, CA PURPOSE: FILM AND NEW MEDIA | $600,000 |
Sacramento, CA PURPOSE: LITIGATION | $500,000 |
Washington, DC PURPOSE: RESEARCH | $500,000 |
New York, NY PURPOSE: FILM AND NEW MEDIA | $460,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Give Back Foundation Madison, WI | $36,333,568 | $83,771,815 |
Car Donation Foundation St Louis Park, MN | $12,821,701 | $65,728,159 |
Searle Freedom Trust Madison, WI | $105,094,955 | $12,616,372 |
Bradley Impact Fund Inc Milwaukee, WI | $79,584,497 | $81,442,514 |
Quad Cities Golf Classic Charitable Foundation East Moline, IL | $5,926,812 | $12,981,935 |
Jewel Nail Bomar Trust 8336230300 Chicago, IL | $101,133,335 | $15,350,534 |
Others First Inc Rochester Hills, MI | $4,306,956 | $11,125,375 |
Pious Projects Of America Bridgeview, IL | $2,395,968 | $8,177,090 |
The Edward Lowe Foundation Cassopolis, MI | $139,490,354 | $14,349,160 |
Worth County Development Authority Northwood, IA | $8,240,749 | $6,157,684 |
Constellation Fund Minneapolis, MN | $8,581,079 | $5,161,859 |
Wayfarer Foundation Highland Park, IL | $333,654 | $4,731,977 |