Searle Freedom Trust
- Assets
- $76.9m
- Revenue
- $9.0m
- Investments
- $65.6m
- Employees
- 0
- Location
- Madison, WI
- Founding
- 01/1999
- Data as of
- 12/2022
- 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 12/2022, Searle Freedom Trust generated $9.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $26.9m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Searle Freedom Trust has awarded 355 individual grants totaling $70,673,791. 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 |
|---|---|---|---|
D Gideon Searle Trustee | 1 | $0 | |
Michael D Searle Family Advisor | 1 | $0 | |
Steven F Hayward Grant Advisor | 1 | $13,000 | |
Kimberly O Dennis Executive Director | 40 | $527,460 | |
Stephen Moore Grant Advisor | 1 | $13,000 | |
James Piereson Grant Advisor | 1 | $13,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $326,612 |
| Dividends & Interest | $808,397 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,769,766 |
| Capital Gain Net Income | $6,693,038 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $57,518 |
| Total Revenue | $8,962,293 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $566,460 |
| Other employee salaries and wages | $596,190 |
| Pension plans, employee benefits | $273,926 |
| Interest | $113,196 |
| Taxes | $230,621 |
| Depreciation | $1,742 |
| Occupancy | $216,231 |
| Travel, conferences, and meetings | $59,691 |
| Printing and publications | $0 |
| Other expenses | $480,728 |
| Total operating and administrative expenses | $2,563,737 |
| Contributions, gifts, grants paid | $24,383,160 |
| Total expenses and disbursements | $26,946,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,955,573 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $65,648,923 |
| Net Land, buildings, and equipment | $2,986 |
| Other assets | $264,499 |
| Total assets | $76,871,981 |
| 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 | $203,535 |
| Total liabilities | $203,913 |
Grants Awarded
Over the last fiscal year, Searle Freedom Trust has awarded $24,383,160 in support to 120 organizations.
| Grant Recipient | Amount |
|---|---|
COPENHAGEN CONSENSUS CENTER PURPOSE: EDUCATION AND OUTREACH | $24,000 |
CENTER FOR INDEPENDENT THOUGHT PURPOSE: EDUCATION AND OUTREACH | $150,000 |
FREEDOMWORKS FOUNDATION INC PURPOSE: EDUCATION AND OUTREACH | $150,000 |
ADVANCING AMERICAN FREEDOM FOUNDATION PURPOSE: EDUCATION AND OUTREACH | $100,000 |
AMERICA FIRST POLICY INSTITUTE PURPOSE: EDUCATION AND OUTREACH | $300,000 |
FEDERALIST SOCIETY FOR LAW AND PUBLIC POLICY STUDIES PURPOSE: EDUCATION AND OUTREACH | $222,000 |