Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2011
For calendar year 2011, or tax year beginning 01-01-2011 , and ending 12-31-2011
G
Check all that apply:
Name of foundation
THE FREEDOM FORUM INC
 
% FREEDOM FORUM INC
Number and street (or P.O. box number if mail is not delivered to street address)555 PENNSYLVANIA AVENUE NW   Room/suite
City or town, state, and ZIP code
WASHINGTON, DC20001
A Employer identification number

54-1604427
B Telephone number (see page 10 of the instructions)

(202) 292-6100
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$797,729,314J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 3,645,443 2,913,537 3,645,443
5a Gross rents.............. 492,138   488,138
b Net rental income or (loss) 492,138
6a Net gain or (loss) from sale of assets not on line 10 3,567,654
b Gross sales price for all assets on line 6a 5,579,074
7 Capital gain net income (from Part IV, line 2)... 3,569,986
8 Net short-term capital gain......... 3,569,986
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 485,904   110,711
12 Total. Add lines 1 through 11........ 8,191,139 6,483,523 7,814,278
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,855,990 150,079 154,249 1,701,741
14 Other employee salaries and wages...... 3,050,562 28,876 29,679 3,025,150
15 Pension plans, employee benefits....... 2,259,768 11,060 11,367 2,246,448
16a Legal fees (attach schedule)......... Click to see attachment 871,267 0 0 743,078
b Accounting fees (attach schedule)....... Click to see attachment 245,241 11,931 12,262 214,627
c Other professional fees (attach schedule).... Click to see attachment 5,535,114 4,763,563 4,763,563 777,812
17 Interest............... 1,695,151     1,744,748
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 302,242     136,380
19 Depreciation (attach schedule) and depletion... Click to see attachment 4,369,553    
20 Occupancy.............. 1,137,532 74,117 76,176 826,392
21 Travel, conferences, and meetings....... 811,829 62,979 64,729 735,999
22 Printing and publications.......... 226,192     210,612
23 Other expenses (attach schedule)....... Click to see attachment 395,208     397,422
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 22,755,649 5,102,605 5,112,025 12,760,409
25 Contributions, gifts, grants paid........ 32,191,086 32,140,086
26 Total expenses and disbursements. Add lines 24 and 25 54,946,735 5,102,605 5,112,025 44,900,495
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -46,755,596
b Net investment income (if negative, enter -0-) 1,380,918
c Adjusted net income (if negative, enter -0-)... 2,702,253
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2011)
Form 990-PF (2011)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 423,200 123,986 123,986
2 Savings and temporary cash investments.......... 4,857,243 6,948,200 6,948,200
3 Accounts receivable bullet107,430
Less: allowance for doubtful accounts bullet   18,997 107,430 107,430
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 7,661,891 4,096,413 4,096,413
10a Investments—U.S. and state government obligations (attach schedule) 6,996,970 Click to see attachment9,035,781 10,236,291
b Investments—corporate stock (attach schedule)........ 278,954,086 Click to see attachment237,851,758 223,083,849
c Investments—corporate bonds (attach schedule)........ 57,031,111 Click to see attachment34,999,744 34,229,896
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 30,644,578 Click to see attachment60,392,013 82,583,852
14 Land, buildings, and equipment: basis bullet492,482,820
Less: accumulated depreciation (attach schedule) bullet62,359,338 444,936,039 Click to see attachment430,123,482 430,123,482
15 Other assets (describe bullet) Click to see attachment4,602,480 Click to see attachment6,195,915 Click to see attachment6,195,915
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 836,126,595 789,874,722 797,729,314
Liabilities 17 Accounts payable and accrued expenses.......... 40,062,414 79,610,050
18 Grants payable................... 1,066,500 1,112,500
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 365,243,725 Click to see attachment236,075,000
22 Other liabilities (describe bullet) Click to see attachment30,921,978 Click to see attachment99,369,056
23 Total liabilities (add lines 17 through 22).......... 437,294,617 416,166,606
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 398,831,978 373,708,116
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 398,831,978 373,708,116
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 836,126,595 789,874,722
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 398,831,978
2 Enter amount from Part I, line 27a..................... 2 -46,755,596
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 52,680,758
4 Add lines 1, 2, and 3.......................... 4 404,757,140
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 31,049,024
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 373,708,116
Form 990-PF (2011)
Form 990-PF (2011)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a INVESTMENT ACCOUNT      
b BROKERAGE      
c CORE HIGH QUALITY      
d LARGE CAP      
e SOUNDSHORE      
DELAWARE      
LARGE CAP GROWTH      
LORD, ABBET & CO., - NON US      
NEUBERGER GERMAN: LCG      
MARGIN      
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 135,252     135,252
b 0   1,974,136 -1,974,136
c 449,550     449,550
d 531,995     531,995
e 1,235,426     1,235,426
1,821,010     1,821,010
249,104     249,104
    34,952 -34,952
1,011,682     1,011,682
145,055     145,055
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       135,252
b       -1,974,136
c       449,550
d       531,995
e       1,235,426
      1,821,010
      249,104
      -34,952
      1,011,682
      145,055
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 3,569,986
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3 3,569,986
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2010 58,008,849 401,093,199 0.144627
2009 74,935,984 354,192,378 0.211569
2008 97,441,559 465,796,815 0.209193
2007 184,220,811 626,523,012 0.294037
2006 153,912,864 598,194,885 0.257296
2 Total of line 1, column (d) ...................... 2 1.116722
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.223344
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 426,226,899
5 Multiply line 4 by line 3....................... 5 95,195,221
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 13,809
7 Add lines 5 and 6......................... 7 95,209,030
8 Enter qualifying distributions from Part XII, line 4.............. 8 46,204,772
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2011)
Form 990-PF (2011)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 27,618
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 27,618
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 27,618
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 20,304
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 50,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 70,304
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 42,686
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet27,620 Refunded Bullet 11 15,066
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletDC, NY, TN, VA
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV..........................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.FREEDOMFORUM.ORG
    14
    The books are in care ofbulletFREEDOM FORUM INC Telephone no.bullet (202) 292-6100
    Located atbullet555 PENNSYLVANIA AVENUE NWWASHINGTONDC ZIP+4bullet20001
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2011?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2011.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
    No
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    CHARLES L OVERBYClick to see attachment CHAIRMAN/CEO/TRUSTEE
    40.0     		382,821 130,623 125,035
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001
    NICOLE F MANDEVILLEClick to see attachment SVP FINANCE
    40.0     		280,139 59,350 21,520
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001
    PAMELA GALLOWAY TABBClick to see attachment SVP CONFERENCES
    10.0     		0    
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001
    KEN PAULSONClick to see attachment PRESIDENT/CEO FIRST ADMEND CTR
    40.0     		367,821 57,556 60,539
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001
    SUSAN BENNETTClick to see attachment SVP EXHIBITS
    40.0     		185,785 60,974 18,171
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001
    EUGENE POWELLClick to see attachment SVP FIRST AMENDMENT CENTER
    40.0     		175,411 28,975 7,367
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001
    JOHN MARSHClick to see attachment PRESIDENT/COO DIVERSITY INST
    10.0     		0    
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001
    JAMES UPDIKEClick to see attachment SVP Technology
    10.0     		0    
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001
    MALCOLM KIRSCHENBAUMClick to see attachment TRUSTEE
    10.0     		66,504   696
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001
    H WILBERT NORTON JRClick to see attachment TRUSTEE
    10.0     		34,504    
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001
    PETER PRICHARDClick to see attachment TRUSTEE
    10.0     		62,500 5,684  
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001
    ORAGE QUARLES IIIClick to see attachment TRUSTEE
    0     		0    
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001
    JUDY WOODRUFFClick to see attachment TRUSTEE
    10.0     		12,000    
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001
    JAN NEUHARTHClick to see attachment Trustee
    10.0     		50,500   885
    555 Pennsylvania Avenue
    Washington,DC20001
    BRUCE DOEGClick to see attachment ASSISTANT SECRETARY
    0     		0    
    555 PENNSYVLANIA AVENUE NW
    WASHINGTON,DC20001
    HOWARD BAKERClick to see attachment SECRETARY/TRUSTEE
    0     		0    
    555 PENNSYVLANIA AVENUE NW
    WASHINGTON,DC20001
    MICHAEL COLEMANClick to see attachment TRUSTEE
    10.0     		41,004   526
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001
    JAMES C DUFFClick to see attachment PRESIDENT/CEO
    40.0     		181,501 1,409,056 7,653
    555 PENNSYLVANIA AVE NW
    WASHINGTON,DC20001
    BETTE BAO LORDClick to see attachment TRUSTEE
    10.0     		15,500    
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    ALLEN H NEUHARTH FOUNDER
    40.0     		225,000 9,888 289,677
    555 PENNSYLVANIA AVE NW
    WASHINGTON,DC20001
    JOHN SEIGENTHALER FDR FIRST AMEND CTR
    40.0     		200,000 8,652 84,382
    555 PENNSYLVANIA AVE NW
    WASHINGTON,DC20001
    JOHN QUINN ADVISOR
    40.0     		150,000 13,680 121,200
    555 PENNYSLVANIA AVE NW
    WASHINGTON,DC20001
    CHARLES HAYNES SENIOR SCHOLAR
    40.0     		133,222 31,758  
    555 PENNSYLVANIA AVE NW
    WASHINGTON,DC20001
    BRIAN BUCHANAN MANAGING ED ONLINE
    40.0     		133,260 20,555  
    555 PENNSYLVANIA AVE NW
    WASHINGTON,DC20001
    Total number of other employees paid over $50,000...................bullet 21
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    GS PRINCETON FUND LTD INVESTMENT ADVISOR 979,143
    701 MT LUCAS ROAD
    PRINCETON,NJ08540
    TOWERS WATSON ACTUARIES 265,949
    901 NORTH GLEBE ROAD
    ARLINGTON,VA22203
    DLA PIPER PROFESSIONAL SERVICE 616,377
    11911 FREEDOM DRIVE SUITE 300
    RESTON,VA20190
    GOLDMAN SACHS INVESTMENT PTNRS OFFSHORE INVESTMENT ADVISOR 536,864
    85 BROAD STREET
    NEW YORK,NY10004
    JAMES G DAVIS CONSTRUCTION CORPORATION CONSTRUCTION SVCS 754,284
    12530 PARKLAWN DRIVE
    ROCKVILLE,MD20852
    Total number of others receiving over $50,000 for professional services.............bullet50
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 FIRST AMENDMENT CENTER: A FORUM FOR THE STUDY AND EXPLORATION OF FREE EXPRESSION ISSUES, INCLUDING FREEDOM OF SPEECH, PRESS, RELIGION, ASSEMBLY, AND PETITION OF GOV'T. 3,295,495
    2 FREE SPIRIT: AWARD AND SCHOLARSHIP PROGRAM THAT ALSO INCLUDES AN ANNUAL CONFERENCE RELATED TO JOURNALISM ISSUES. 255,951
    3 PROGRAM GRANTS: GRANTS ARE AWARDED IN AREAS CONSISTENT WITH THE MISSION OF THE FREEDOM FORUM, INC. AND ITS AFFILIATES, INCLUDING ALLOWING GRANTS TO CHARITABLE INSTITUTIONS 206,350
    4 EXPENDITURES MADE TO ADVANCE AND MAINTAIN THE OPERATIONS AND OPERATIONAL ASSETS OF NEWSEUM, INC ((AN IRC 501(C)(3) PUBLIC CHARITY MUSEUM) AND DIVERSITY INC (EDUCATIONAL INSTITUTION) 31,933,736
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 NONE  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    395,561,218
    b
    Average of monthly cash balances.......................
    1b
    210,730
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    97,635,659
    d
    Total (add lines 1a, b, and c).........................
    1d
    493,407,607
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    60,689,943
    3
    Subtract line 2 from line 1d.........................
    3
    432,717,664
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    6,490,765
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    426,226,899
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    21,311,345
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
     
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
     
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    44,900,495
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    1,304,277
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    46,204,772
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    46,204,772
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2010     		(c)
    2010     		(d)
    2011
    1 Distributable amount for 2011 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2011:
    a From 2006.......  
    b From 2007.......  
    c From 2008.......  
    d From 2009.......  
    e From 2010.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$  
    a Applied to 2010, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2011 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2011.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2010. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2011. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2006 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2007....  
    b Excess from 2008....  
    c Excess from 2009....  
    d Excess from 2010....  
    e Excess from 2011....  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2011, enter the date of the ruling.......bullet
    1992-01-30
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2011 (b) 2010 (c) 2009 (d) 2008
    2,107,761 1,015,190 1,275,563 1,406,573 5,805,087
    b 85% of line 2a ......... 1,791,597 862,912 1,084,229 1,195,587 4,934,325
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		46,204,772 58,008,849 74,943,786 97,443,083 276,600,490
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		46,204,772 58,008,849 74,943,786 97,443,083 276,600,490
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ...... 797,729,314 867,021,671 858,728,520 836,671,904 3,360,151,409
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		14,496,585 13,369,774 11,806,413 15,526,561 55,199,333
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Pennsylvania Quarter Neighborhood Assoc
    401 Ninth Street NW
    Washington,DC20004     		UNRELATED Expenditure Responsi Washington/General Grants 1,000
    Newseum Inc
    555 Pennsylvania Avenue NW
    Washington,DC20001     		Related Organization Charitable Org General Support 30,054,979
    The Freedom Forum Diversity Institute Inc
    1207 18th Street South
    Nashville,TN37212     		Related Organization Charitable Org General Support 1,878,757
    Greater Washington Board Trade
    1725 I Street NW Suite 200
    Washington,DC20006     		UNRELATED Expenditure Responsi Washington/General Grants 2,500
    Supreme Court Historical Society
    224 EAST CAPITOL STREET NE
    WASHINGTON,DC20003     		UNRELATED Expenditure Responsi Washington/General Grants 54,500
    Horatio Alger Assocof Distinguished Americans
    99 Canal Center Plaza Ste 320
    Alexandria,VA22314     		Unrelated 501(c)(3) Grant - Tables 4,200
    Nashville Public Library Foundation
    615 Church Street
    Nashville,TN37219     		Unrelated 501(c)(6) Grant - Tables 4,150
    Neighborhood Health Clinic
    121 Goodlette Road North
    Naples,FL34102     		Unrelated 501(c)(3) Trustee Initiatives 2,000
    Ticonderoga Emergency Squad Inc
    PO Box 265
    Ticonderoga,NY12883     		Unrelated 501(C)(3) Trustee Initiatives 1,000
    Brevard Library Foundation
    219 Indian River Drive
    Cocoa,FL32922     		Unrelated Code 1 Group Exempti Trustee Initiatives 1,000
    Reaching Out of Brevard
    PO Box 410488
    Melbourne,FL32941     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    Fort Ticonderoga Association Inc
    Fort Road Box 390
    Ticonderoga,NY12883     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    Health First Foundation Inc
    3300 Fiske Blvd
    Rockledge,FL32955     		Unrelated 501(c)(3) Trustee Initiatives 1,500
    Prevent of Brevard Inc
    1948 Pineapple Ave
    Melbourne,FL32935     		Unrelated 501(c)(3) Trustee Initiatives 1,500
    Brevard Schools Foundation Inc
    2700 Judge Fran Jamieson Way
    Viera,FL32940     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    Brevard Zoo
    8225 N Wickham Road
    Melbourne,FL32940     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    Health First Foundation Inc
    3300 Fiske Blvd
    Rockledge,FL32955     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    Boys & Girls Club of Central Florida Inc
    PO Box 2987
    Orlando,FL32802     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    Devereux Foundation
    5850 TG Lee Blvd Suite 400
    Orlando,FL32822     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    Brevard Neighborhood Development Coalition
    1151 Masterson Street
    Melbourne,FL32935     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    First Baptist Church of Cocoa Beach
    830 S Atlantic Ave
    Cocoa Beach,FL32931     		Unrelated Code 1 Group Exempti Trustee Initiatives 1,000
    Florida Institute of Technology
    150 West University Boulevard
    Melbourne,FL32901     		Unrelated 501 (c)(3) Trustee Initiatives 1,000
    Health First Foundation Inc
    3300 Fiske Blvd
    Rockledge,FL32955     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    Jewish National Fund
    981 Paddington Terrace
    Heathrow,FL32746     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    Brevard Reaching Out Inc
    1 Gannett Plaza
    Melbourne,FL32940     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    Freedom House Inc
    1301 Connecticut Avenue NW
    Washington,DC20036     		Unrelated 501(c)(3) Trustee Initiatives 2,500
    Freedom House Inc
    1301 Connecticut Avenue NW
    Washington,DC20036     		Unrelated 501(c)(3) Trustee Initiatives 5,000
    Central Park Conservancy Inc
    14 East 60th Street 8th Floor
    New York,NY10022     		Unrelated 501(c)(3) Trustee Initiatives 1,500
    New York Public Library
    476 Fifth Avenue
    New York,NY10138     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    Holy Trinity Episcopal Academy
    5625 Holy Trinity Drive
    Melbourne,FL32940     		Unrelated Church Trustee Initiatives 2,000
    Maxwell C King Center Performing Arts
    1519 Clearlake Road
    Cocoa Beach,FL32922     		Unrelated 501(c)(3) Trustee Initiatives 3,000
    Brevard Zoo
    8225 N Wickham Road
    Melbourne,FL32940     		Unrelated 501(c)(3) Trustee Initiatives 2,500
    American Legion at Fred Weller Post #186
    717 7th Steet PO Box 85
    Eureka,SD57437     		Unrelated 501(c)(19) Trustee Initiatives 1,000
    Florida Institute of Technology
    150 West University Boulevard
    Melbourne,FL32901     		Unrelated 501(c)(3) Trustee Initiatives 2,000
    Home at Last Adoption Agency Inc
    1727 N Atlantic Avenue
    Cocoa Beach,FL32931     		Unrelated 501(c)(3) Trustee Initiatives 2,000
    Eureka Community Development Company Inc
    PO Box 134 1705 J Ave
    Eureka,SD57437     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    Eureka VFW Post 5126
    PO Box 762
    Eureka,SD57437     		Unrelated 501(c)(19) Trustee Initiatives 1,000
    Mayo Clinic Annual Giving Recognition Society
    4500 San Pablo Road
    Jacksonville,FL32224     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    South Dakota Emergency Medical Technicians Assoc
    7117 W 56th St Apt 62
    Sioux Falls,SD57106     		Unrelated 501(c)(6) Trustee Initiatives 1,000
    Health First Foundation Inc
    3300 Fiske Blvd
    Rockledge,FL32955     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    Reaching Out of Brevard
    PO Box 410488
    Melbourne,FL32941     		Unrelated 501()(3) Trustee Initiatives 2,500
    Virginia Tech Foundation Inc
    PO Box 1938
    Leesburg,VA20177     		Unrelated 501(c)(3) Trustee Initiatives 2,500
    Library of Virginia Foundation
    800 East Broad Street
    Richmond,VA23219     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    Great Meadow Foundation
    5089 Old Tavern Road
    The Plains,VA20198     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    Middleburg Community Center
    PO Box 265
    Middleburg,VA20118     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    United States Equestrian Team Inc
    PO Box 355
    Gladstone,NJ07934     		Unrelated 501(c)(3) Trustee Initiatives 2,500
    Vanderbilt University School of Law
    VU Station B 357727
    Nashville,TN37235     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    The George C Marshall International Center
    217 Edwards Ferry Road
    Leesburg,VA20176     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    University of Mississippi Foundation
    PO Box 1848
    University,MS38677     		Unrelated 501(c)(3) Trustee Initiatives 10,000
    Horatio Alger Assoc of Distinguished Americans
    99 Canal Center Plaza Suite 320
    Alexandria,VA22314     		Unrelated 501(c)(3) Trustee Initiatives 5,000
    Mississippi Association of Partners in Education
    PO Box 2803
    Madison,MS39130     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    The Hermitage
    4580 Rachels Lane
    Nashville,TN37076     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    Humanities Tennessee
    306 Gay Street Suite 306
    Nashville,TN37201     		Unrelated 501(c)(3) Trustee Initiatives 2,500
    Duke University
    PO Box 90581
    Durham,NC27708     		Unrelated 501(c)(3) Trustee Initiatives 5,000
    The Next Door
    PO Box 23336
    Nashville,TN37202     		Unrelated 501(c)(3) Trustee Initiatives 3,000
    University of Mississippi Foundation
    PO Box 1848
    University,MS38677     		Unrelated 501(c)(3) Trustee Initiatives 2,500
    Essex Library Association
    33 West Avenue
    Essex,CT06426     		Unrelated 501(c)(3) Trustee Initiatives 5,000
    Essex Land Trust
    PO Box 373
    Essex,CT06426     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    Connecticut River Foundation at Steamboat Dock
    67 Main Street
    Essex,CT06426     		Unrelated 501(c)(3) Trustee Initiatives 4,000
    Carolina Ballet Inc
    3401-131 Atlantic Avenue
    Raleigh,NC27604     		Unrelated 501(c)(3) Trustee Initiatives 3,000
    Helping Hand Mission Inc
    623 Rock Quarry Road
    Raleigh,NC27610     		Unrelated 501(c)(3) Trustee Initiatives 2,500
    YMCA of the Triangle Association Resource Center
    801 Corporate Center Drive Suite 2
    Raleigh,NC27607     		Unrelated 501(c)(3) Trustee Initiatives 4,500
    Carolina Preservation & Band Society
    PO Box 487
    Carolina,RI02812     		Unrelated 501(c)(3) Trustee Initiatives 5,000
    Carolina Preservation & Band Soceity
    PO Box 487
    Carolina,RI02812     		Unrelated 501(c)(3) Trustee Initiatives 5,000
    The Next Door
    PO Box 23336
    Nashville,TN37202     		Unrelated 501(c)(3) Trustee Initiatives 2,500
    Country Music Foundation Inc
    222 Fifth Avenue South
    Nashville,TN37203     		Unrelated 501(c)(3) Trustee Initiatives 2,500
    Meharry Medical College
    1005 Dr DB Todd Blvd
    Nashville,TN37208     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    National Museum of African American Music
    1900 Church Street Suite 200
    Nashville,TN37203     		Unrelated 501(c)(3) Trustee Initiatives 2,500
    American Baptist College
    1800 Baptist Wood Center Drive
    Nashville,TN37207     		Unrelated 501(c)(3) Trustee Initiatives 1,500
    Chesapeake Bay Foundation
    6 Herndon Avenue
    Annapolis,MD21403     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    Edmund Burke School
    4101 Connecticut Avenue NW
    Washington,DC20008     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    Spina Bifida Association of America
    4590 MacArthur Alvd NW Suite 250
    Washington,DC20007     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    WETA TV 26909 FM
    2775 S Quincy St
    Arlington,VA22206     		Unrelated 501(c)(3) Trustee Initiatives 2,000
    Washington Center for Politics & Journalism
    PO Box 15239
    Washington,DC20003     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    Target Community & Educational Services Inc
    111 Stoner Avenue
    Westminster,MD21157     		Unrelated 501(c)(3) Trustee Initiatives 2,000
    National Family Caregivers Association
    10400 Connecticut Avenue Suite 50
    Kensington,MD20895     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    Samaritan Ministry of Greater Washington
    1516 Hamilton St NW
    Washington,DC20011     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    Total .................................bullet 3a 32,140,086
    bApproved for future payment
    Free Spirit Scholar Recipients
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001     		Unrelated   50 $1,000 Free Spirit Scholarships 51,000
    Total .................................bullet 3b 51,000
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 3,645,443  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 492,138  
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 3,567,654  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aPROGRAM REVENUE 900099       101,679
    bOTHER INCOME 900099       11,532
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   7,705,235 485,904
    13Total. Add line 12, columns (b), (d), and (e)..................
    138,191,139
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    11B REVENUE GENERATED THROUGH THE CONDUCT OF FREEDOM FORUM'S DIRECT CHARITABLE ACTIVITIES WHICH ARE RELATED TO ITS EXEMPT PURPOSE PURSUANT TO IRC SECTION 501(C)(3)
    11C INCOME RELATED TO 401K FORFEITURES AND LEASE BUYOUT
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2011)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 AccountingFeesSchedule
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 245,241 11,931 12,262 214,627

    TY 2011 CompensationExplanation
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    Person Name Explanation
    PAMELA GALLOWAY TABB MS. GALLOWAY-TABB IS AN EMPLOYEE OF NEWSEUM, INC.
    JOHN MARSH MR. MARSH IS AN EMPLOYEE OF DIVERSITY INSTITUTE.
    JAMES UPDIKE MR. UPDIKE IS AN EMPLOYEE OF NEWSEUM, INC.

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2011 DepreciationSchedule
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS    

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK    

    TY 2011 InvestmentsGovtObligationsSch
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

     
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2011 InvestmentsOtherSchedule2
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    OTHER INVESTMENTS      

    TY 2011 LandEtcSchedule2
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value


    TY 2011 LegalFeesSchedule
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 871,267     743,078


    TY 2011 MortgagesAndNotesPayableSch 
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    Total Mortgage Amount: 236075000

    Item No. 1
    Lender's Name BONDS NOTE PAYABLE
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan  
    Balance Due 236075000
    Date of Note  
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan  
    Description of Lender Consideration  
    Consideration FMV  


    TY 2011 OtherAssetsSchedule
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INVESTMENT INCOME RECEIVABLE 973,485 1,003,436 1,003,436
    INVESTMENT IN LIFE INS. POLICY 2,421,416 2,675,457 2,675,457
    MISCELLANEOUS ASSETS 788,496 2,193,397 2,193,397
    INVESTMENT IN ARTWORK 273,386 273,386 273,386
    FUNDS HELD WITH TRUSTEE 145,697 50,239 50,239


    TY 2011 OtherDecreasesSchedule
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    Description Amount
    SWAP 20,393,273
    CHANGE IN PENSION LIABILITY 10,655,751


    TY 2011 OtherExpensesSchedule
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSES 328,522     329,279
    EQUIPMENT EXPENSES 54,111     55,320
    ADVERTISING & PROMOTION 11,894     11,894
    A/V PRODUCTION 681     929


    TY 2011 OtherIncomeSchedule2
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 11,532   11,532
    DEFERRED EXCISE TAX 372,693    
    PROGRAM INCOME 101,679   99,179


    TY 2011 OtherIncreasesSchedule
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 3,026,069
    ADMINISTRATIVE COST ALLOCATIONS 9,624,932
    DISCOUNT ON BOND CANCELLATION 24,276,513
    INTEREST RATE SWAP TERMINATION AGREEMENT 15,753,244


    TY 2011 OtherLiabilitiesSchedule
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    Description Beginning of Year - Book Value End of Year - Book Value
    ESCHEAT LIABILITY 192,526 210,573
    MARGIN PAYABLE   79,508,225
    DUE FROM AFFILIATES 30,145,291 19,246,550
    FEDERAL EXCISE TAXES PAYABLE 584,161 245,955
    CURRENT UBIT PAYABLE   157,753


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING FEES 768,999     739,824
    TRAINING PROFESSIONAL FEES 2,552     2,552
    INVESTMENT MANAGEMENT FEES 4,763,563 4,763,563 4,763,563 35,436


    TY 2011 TaxesSchedule
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PERSONAL PROPERTY TAX 92,808     92,808
    TAXES - G&A GENERAL 25,832      
    FEDERAL EXCISE TAX 25,849     43,572
    CURRENT UBIT TAX 157,753