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
2012
Open to Public Inspection
For calendar year 2012, or tax year beginning 01-01-2012 , and ending 12-31-2012
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 NWSuiteRoom/suite
City or town, state, and ZIP code
WASHINGTON, DC20001
A Employer identification number

54-1604427
B Telephone number (see instructions)

(202) 292-6100
C bullet
G Check all that apply:

D 1. bullet
2. bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$765,567,826J 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 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...... 4,310,219 1,544,265 4,310,219
5a Gross rents.............. 505,288   479,080
b Net rental income or (loss) 505,288
6a Net gain or (loss) from sale of assets not on line 10 2,974,926
b Gross sales price for all assets on line 6a 58,656,342
7 Capital gain net income (from Part IV, line 2)... 2,958,451
8 Net short-term capital gain......... 2,958,451
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 97,936   88,964
12 Total. Add lines 1 through 11........ 7,888,369 4,502,716 7,836,714
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,971,043 135,487 175,537 1,795,506
14 Other employee salaries and wages...... 3,325,758 24,378 31,584 3,173,464
15 Pension plans, employee benefits....... 5,332,323 9,821 12,724 2,507,760
16a Legal fees (attach schedule)......... Click to see attachment 459,193 0 0 594,654
b Accounting fees (attach schedule)....... Click to see attachment 191,282 7,382 9,564 207,197
c Other professional fees (attach schedule).... Click to see attachment 4,785,467 4,375,905 4,375,905 457,856
17 Interest............... 649,186     680,532
18 Taxes (attach schedule) (see instructions) Click to see attachment 4,062,076     609,557
19 Depreciation (attach schedule) and depletion... Click to see attachment 4,042,900    
20 Occupancy.............. 1,233,361 63,675 82,497 1,334,152
21 Travel, conferences, and meetings....... 775,553 31,773 41,165 731,859
22 Printing and publications.......... 236,793     251,400
23 Other expenses (attach schedule)....... Click to see attachment 523,628     411,732
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 27,588,563 4,648,421 4,728,976 12,755,669
25 Contributions, gifts, grants paid........ 28,466,754 28,463,754
26 Total expenses and disbursements. Add lines 24 and 25 56,055,317 4,648,421 4,728,976 41,219,423
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -48,166,948
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)... 3,107,738
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
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............... 123,986 773,338 773,338
2 Savings and temporary cash investments.......... 6,948,200 5,838,426 5,838,426
3 Accounts receivable bullet59,082
Less: allowance for doubtful accounts bullet   107,430 59,082 59,082
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........... 4,096,413 3,744,820 3,744,820
10a Investments—U.S. and state government obligations (attach schedule) 9,035,781 Click to see attachment7,238,355 7,940,173
b Investments—corporate stock (attach schedule)........ 237,851,758 Click to see attachment197,447,108 219,306,098
c Investments—corporate bonds (attach schedule)........ 34,999,744 Click to see attachment33,148,871 34,108,219
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 60,392,013 Click to see attachment53,801,830 72,322,922
14 Land, buildings, and equipment: basis bullet493,477,127
Less: accumulated depreciation (attach schedule) bullet78,440,016 430,123,482 Click to see attachment415,037,111 415,037,111
15 Other assets (describe bullet) Click to see attachment6,195,915 Click to see attachment6,437,637 Click to see attachment6,437,637
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 789,874,722 723,526,578 765,567,826
Liabilities 17 Accounts payable and accrued expenses.......... 79,610,050 40,958,798
18 Grants payable................... 1,112,500 1,116,000
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 236,075,000 Click to see attachment231,525,000
22 Other liabilities (describe bullet) Click to see attachment99,369,056 Click to see attachment110,257,866
23 Total liabilities (add lines 17 through 22).......... 416,166,606 383,857,664
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 373,708,116 339,668,914
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).................... 373,708,116 339,668,914
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 789,874,722 723,526,578
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)............... 1 373,708,116
2 Enter amount from Part I, line 27a..................... 2 -48,166,948
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 16,440,109
4 Add lines 1, 2, and 3.......................... 4 341,981,277
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 2,312,363
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 339,668,914
Form 990-PF (2012)
Form 990-PF (2012)
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 CORE HIGH QUALITY      
c LARGE CAP      
d SOUNDSHORE      
e BLACKROCK      
PCM CORE      
DELAWARE      
LORD, ABBETT & CO.      
NEUBERGER GERMAN      
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 7,887     7,887
b 811,768     811,768
c 1,374,671     1,374,671
d 395,240     395,240
e 15,584     15,584
4,107     4,107
1,759,216     1,759,216
0   72,359 -72,359
720,875     720,875
0   2,058,538 -2,058,538
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       7,887
b       811,768
c       1,374,671
d       395,240
e       15,584
      4,107
      1,759,216
      -72,359
      720,875
      -2,058,538
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 2,958,451
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 instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3 2,958,451
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))
2011 46,204,772 426,226,899 0.108404
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
2 Total of line 1, column (d) ...................... 2 0.96783
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 0.193566
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 383,347,540
5 Multiply line 4 by line 3....................... 5 74,203,050
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 0
7 Add lines 5 and 6......................... 7 74,203,050
8 Enter qualifying distributions from Part XII, line 4.............. 8 42,201,043
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.
Form 990-PF (2012)
Form 990-PF (2012)
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 0
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 0
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 0
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 92,620
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 92,620
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 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 92,620
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet0 Refunded Bullet 11 92,620
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
    Yes
     
    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 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 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?
    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 instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    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 2012, 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 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 (2012)
    Form 990-PF (2012)
    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 2012?.............
    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 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    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 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 2012 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 2012.)....................
    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 2012?
    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 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 instructions)? ......
    5b
     
     
    .........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 (2012)
    Form 990-PF (2012)
    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 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
    NICOLE F MANDEVILLEClick to see attachment SVP FINANCE
    40.0     		289,625 50,238 17,939
    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     		367,189 186,230 49,317
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001
    SUSAN BENNETTClick to see attachment SVP EXHIBITS
    40.0     		165,825 50,175 21,481
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001
    EUGENE POWELLClick to see attachment SVP FIRST AMENDMENT CENTER
    40.0     		181,036 35,424 4,289
    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     		53,004    
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001
    H WILBERT NORTON JRClick to see attachment TRUSTEE
    10.0     		27,004    
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001
    PETER PRICHARDClick to see attachment TRUSTEE
    10.0     		37,000 6,935  
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001
    ORAGE QUARLES IIIClick to see attachment TRUSTEE
    10.0     		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     		48,996   1,005
    555 Pennsylvania Avenue
    Washington,DC20001
    BRUCE DOEGClick to see attachment ASSISTANT SECRETARY
    10.0     		0    
    555 PENNSYVLANIA AVENUE NW
    WASHINGTON,DC20001
    HOWARD BAKERClick to see attachment SECRETARY/TRUSTEE
    10.0     		0    
    555 PENNSYVLANIA AVENUE NW
    WASHINGTON,DC20001
    MICHAEL COLEMANClick to see attachment TRUSTEE
    10.0     		30,004    
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001
    JAMES C DUFFClick to see attachment PRESIDENT/CEO
    40.0     		444,671 61,042 7,842
    555 PENNSYLVANIA AVE NW
    WASHINGTON,DC20001
    BETTE BAO LORDClick to see attachment TRUSTEE
    10.0     		15,000    
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001
    CATHY TROSTClick to see attachment VP EXHIBITS AND PROGRAMS
    10.0     		0    
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001
    COURTNEY SURLSClick to see attachment SVP DEVELOPMENT
    10.0     		0    
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001
    ROBERT S WILLIAMSClick to see attachment VP MARKETING
    10.0     		0    
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001
    CHARLES OVERBYClick to see attachment TRUSTEE/CHAIRMAN OVERBY CEN.
    40.0     		299,689 480,266 207,458
    555 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20001
    2 Compensation of five highest-paid employees (other than those included on line 1—see 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 NEUHARTH FOUNDER
    40.0     		225,000 74,026 303,416
    555 PENNSYLVANIA AVE NW
    WASHINGTON,DC20001
    JOHN SEIGENTHALER FDR FIRST AMEND CTR
    40.0     		200,000 36,662 65,857
    555 PENNSYLVANIA AVE NW
    WASHINGTON,DC20001
    JOHN QUINN ADVISOR
    40.0     		150,000 8,430 121,200
    555 PENNYSLVANIA AVE NW
    WASHINGTON,DC20001
    CHARLES HAYNES SENIOR SCHOLAR
    40.0     		137,008 40,386  
    555 PENNSYLVANIA AVE NW
    WASHINGTON,DC20001
    BRIAN BUCHANAN MANAGING ED ONLINE
    40.0     		136,839 30,750  
    555 PENNYSLVANIA AVE NW
    WASHINGTON,DC20001
    Total number of other employees paid over $50,000...................bullet 22
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    GOLDMAN SACHS PRINCETON FUND LTD INVESTMENT ADVISOR 982,297
    701 MT LUCAS ROAD
    PRINCETON,NJ08540
    GOLDMAN SACHS INVESTMENT PTNRS OFFSHORE INVESTMENT ADVISOR 379,992
    85 BROAD STREET
    NEW YORK,NY10004
    GOLDMAN SACHS VINTAGE FUND V OFFSHORE INVESTMENT ADVISOR 276,489
    PETERBOROUGH COURT 133 FLEET STREET
    LONDON,EC4A 2BB  
    UK
    GS GLOBAL FUNDAMENTAL STRATEGIES II INVESTMENT ADVISOR 240,053
    701 Mount Lucas Road
    PRINCETON,NY08540
    OTTERBOURG STENDLER HOUSTON & ROSEN LEGAL FEES 399,312
    230 PARK AVENUE
    NEW YORK,NY10169
    Total number of others receiving over $50,000 for professional services.............bullet41
    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 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). 28,290,754
    2 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. 3,315,474
    3 FREE SPIRIT: AWARD AND SCHOLARSHIP PROGRAM THAT ALSO INCLUDES AN ANNUAL CONFERENCE RELATED TO JOURNALISM ISSUES. 252,111
    4 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. 125,500
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see 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 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
    353,483,005
    b
    Average of monthly cash balances.......................
    1b
    378,037
    c
    Fair market value of all other assets (see instructions)................
    1c
    94,557,513
    d
    Total (add lines 1a, b, and c).........................
    1d
    448,418,555
    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
    59,233,235
    3
    Subtract line 2 from line 1d.........................
    3
    389,185,320
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    5,837,780
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    383,347,540
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    19,167,377
    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 2012 from Part VI, line 5......
    2a
     
    b
    Income tax for 2012. (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 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 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
    41,219,423
    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
    981,620
    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
    42,201,043
    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 instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    42,201,043
    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 (2012)
    Form 990-PF (2012)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2011     		(c)
    2011     		(d)
    2012
    1 Distributable amount for 2012 from Part XI, line 7 0
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only.......  
    b Total for prior years:2010, 2009, 2008 0
    3 Excess distributions carryover, if any, to 2012:
    a From 2007.......  
    b From 2008.......  
    c From 2009.......  
    d From 2010.......  
    e From 2011.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 42,201,043
    a Applied to 2011, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2012 distributable amount.....  
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2012.    
    (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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    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 instructions ...........     		0
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2008....  
    b Excess from 2009....  
    c Excess from 2010....  
    d Excess from 2011....  
    e Excess from 2012.... 0
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see 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 2012, 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) 2012 (b) 2011 (c) 2010 (d) 2009
    3,107,738 2,107,761 1,015,190 1,275,563 7,506,252
    b 85% of line 2a ......... 2,641,577 1,791,597 862,912 1,084,229 6,380,315
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		42,201,043 46,204,772 58,008,849 74,943,786 221,358,450
    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 ....     		42,201,043 46,204,772 58,008,849 74,943,786 221,358,450
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ...... 765,567,826 797,729,314 867,021,671 858,728,520 3,289,047,331
    (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...     		12,778,251 14,496,585 13,369,774 11,806,413 52,451,023
    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 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 (2012)
    Form 990-PF (2012)
    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
    Newseum Inc
    555 Pennsylvania Avenue NW
    43214
    Washington,DC20001     		Related Organization Charitable Org General Support 26,642,008
    The Freedom Forum Diversity Institute Inc
    1207 8th Street South
    37205
    Nashville,TN37212     		Related Organization Charitable Org General Support 1,648,746
    University of Mississippi Foundation
    P O Box 1848
    32922
    University,MS38677     		Unrelated 501 (c) (3) Trustee Initiatives 16,000
    American Heart Association Inc
    Great Rivers Affiliate
    32940
    Columbus,OH43214     		Unrelated 501(c)(3) Trustee Initiatives 11,000
    Carolina Preservation & Band Society
    PO Box 487
    5455 N High St
    Carolina,RI02812     		Unrelated 501 (c) (3) Trustee Initiatives 10,000
    Connecticut River Foundation at Steamboat Dock
    67 Main Street
    02812
    Essex,CT06426     		Unrelated 501 (c) (3) Trustee Initiatives 8,500
    Freedom House Inc
    1301 Connecticut Avenue NW
    57437
    Washington,DC20036     		Unrelated 501 (c) (3) Trustee Initiatives 6,000
    Duke University
    P O Box 90581
    06426
    Durham,NC27708     		Unrelated 501 (c) (3) Trustee Initiatives 5,000
    Holy Trinity Episcopal Academy
    5625 Holy Trinity Drive
    12866
    Melbourne,FL32940     		Unrelated Church Trustee Initiatives 5,000
    Horatio Alger Assocof Distinguished Am
    99 Canal Center Plaza Ste 320
    27708-0581
    Alexandria,VA22314     		Unrelated 501 (c) (3) Trustee Initiatives 5,000
    Silver Bay YMCA of the Adirondacks
    Silver Bay Association
    6426
    Silver Bay,NY12874     		Unrelated 501 (c) (3) Trustee Initiatives 5,000
    University of North Carolina-Chapel Hill
    Carroll Hall CB 3365
    87 Silver Bay Road
    Chapel Hill,NC27599     		Unrelated 501 (c) (3) Trustee Initiatives 5,000
    Alumni Association of the University of South Dako
    414 E Clark Street
    20036
    Vermillion,SD57069     		Unrelated 501(c)(3) Trustee Initiatives 3,500
    Florida Institute of Technology
    150 West University Boulevard
    20198
    Melbourne,FL32901     		Unrelated 501 (c) (3) Trustee Initiatives 3,500
    The Hermitage
    4580 Rachels Lane
    32940
    Nashville,TN37076     		Unrelated 501 (c) (3) Trustee Initiatives 3,000
    The Nashville Chamber Public Benefit Foundation
    211 Commerce Street Suite 100
    22314
    Nashville,TN37201     		Unrelated 501 (c) (3) Trustee Initiatives 3,000
    University of Missouri-Columbia
    11 Jesse Hall
    20176
    Columbia,MO65211     		Unrelated 501 (c) (3) Free Spirit Scholarship 3,000
    Brevard Zoo
    8225 N Wickham Road
    23219
    Melbourne,FL32940     		Unrelated 501 (c) (3) Trustee Initiatives 2,500
    Nashville Public Library Foundation
    615 Church Street
    32922
    Nashville,TN37219     		Unrelated 501 (c) (6) Trustee Initiatives 2,500
    Saint Augustine's University
    1315 Oakwood Avenue
    32224
    Raleigh,NC27610     		Unrelated 501 (c) (3) Trustee Initiatives 2,500
    The Daniel Center for Math and Science Inc
    735 Rock Quarry Road
    37208
    Raleigh,NC27610     		Unrelated 501 (c) (3) Trustee Initiatives 2,500
    Emory University
    200 Dowman Drive Suite 300
    20118
    Atlanta,GA30322     		Unrelated 501 (c) (3) Free Spirit Scholarship 2,500
    Maxwell C King Center Performing Arts
    1519 Clearlake Road
    20118
    Cocoa Beach,FL32922     		Unrelated 501 (c) (3) Trustee Initiatives 2,000
    New York Public Library
    476 Fifth Avenue
    37219
    New York,NY10138     		Unrelated 501 (c) (3) Trustee Initiatives 2,000
    Virginia Tech Foundation Inc
    PO Box 1938
    10138-0018
    Leesburg,VA20177     		Unrelated 501 (c) (3) Trustee Initiatives 2,000
    WNETThirteen
    825 Eight Avenue
    27610
    New York,NY10019     		Unrelated 501 (c) (3) Trustee Initiatives 2,000
    Pennsylvania State University
    103 Shields Building
    York 12874
    University Park,PA16802     		Unrelated 501 (c) (3) Free Spirit Scholarship 2,000
    Syracuse University
    Comptrollers Office
    57325
    Syracuse,NY13244     		Unrelated 501 (c) (3) Free Spirit Scholarship 2,000
    Essex Land Trust
    PO Box 373
    Skytop Office Building
    Essex,CT06426     		Unrelated 501 (c) (3) Trustee Initiatives 1,500
    Mayo Clinic
    4500 San Pablo Road
    27610
    Jacksonville,FL32224     		Unrelated 501 (c) (3) Trustee Initiatives 1,500
    Baptist Hospital Foundation
    Saint Thomas Health Services Fund
    37076
    Nashville,TN37205     		Unrelated 501(c)(3) Trustee Initiatives 1,000
    Brevard Library Foundation
    219 Indian River Dr
    4220 Harding Road
    Cocoa,FL32922     		Unrelated Code 1 Group Exempti Trustee Initiatives 1,000
    Brevard Schools Foundation Inc
    2700 Judge Fran Jamieson Way
    07934-9957
    Viera,FL32940     		Unrelated 501 (c) (3) Trustee Initiatives 1,000
    City of Eureka
    PO Box 914
    38677
    Eureka,SD57437     		Unrelated Governmental Entity Trustee Initiatives 1,000
    Corporation of Yaddo
    P O Box 395
    27599
    Saratoga Springs,NY12866     		Unrelated 501 (c) (3) Trustee Initiatives 1,000
    Great Meadow Foundation
    5089 Old Tavern Road
    37235-7727
    The Plains,VA20198     		Unrelated 501 (c) (3) Trustee Initiatives 1,000
    Inova Loudoun Hospital Foundation
    Loudoun Healthcare Foundation
    20177
    Leesburg,VA20176     		Unrelated 501 (c) (3) Trustee Initiatives 1,000
    Library of Virginia Foundation
    800 East Broad Street
    44035 Riverside Parkway Suite 420
    Richmond,VA23219     		Unrelated 501 (c) (3) Trustee Initiatives 1,000
    Meharry Medical College
    1005 Dr DB Todd Blvd
    85287
    Nashville,TN37208     		Unrelated 501 (c) (3) Trustee Initiatives 1,000
    Middleburg Community Center
    PO Box 265
    47306
    Middleburg,VA20118     		Unrelated 501 (c) (3) Trustee Initiatives 1,000
    Middleburg Library Advisory Board
    PO Box 1823
    12504
    Middleburg,VA20118     		Unrelated 501 (c) (3) Trustee Initiatives 1,000
    South Dakota Hall of Fame
    PO Box 180
    83725
    Chamberlin,SD57325     		Unrelated 501 (c) (3) Trustee Initiatives 1,000
    The Cornell Daily Sun Alumni Association
    139 W State Street
    1480 S Main Street
    Ithaca,NY14850     		Unrelated 501 (c) (3) Trustee Initiatives 1,000
    United States Equestrian Team Inc
    P O Box 355
    02912
    Gladstone,NJ07934     		Unrelated 501 (c) (3) Trustee Initiatives 1,000
    Vanderbilt University School of Law
    VU Station B 357727
    10027
    Nashville,TN37235     		Unrelated 501 (c) (3) Trustee Initiatives 1,000
    Arizona State University
    ASU Cashiering Svcs
    17022
    Tempe,AZ85287     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    Ball State University
    2000 W University Avenue
    PO Box 870303
    Muncie,IN47306     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    Bard College
    PO Box 5000
    30322
    AnnandaleonHudson,NY12504     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    Boise State University
    1910 University Drive
    70803
    Boise,ID83725     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    Boston University
    881 Commonwealth Avenue
    70118
    Boston,MA02215     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    Brown University
    75 Waterman Street
    45056
    Providence,RI02912     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    Columbia University
    1130 Amsterdam Avenue
    38941
    New York,NY10027     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    Elizabethtown College
    One Alpha Drive
    59717
    Elizabethtown,PA17022     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    Emerson College
    120 Boylston Street
    10012
    Boston,MA02116     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    Louisiana State University
    125 Thomas Boyd Hall
    60208
    Baton Rouge,LA70803     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    Loyola University New Orleans
    6363 St Charles Avenue
    16802
    New Orleans,LA70118     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    Miami University
    Office of Bursar Room 103
    11439
    Oxford,OH45056     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    Mississippi Valley State University
    1400 Highway 82 W
    Campus Avenue Building
    Itta Bena,MS38941     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    Montana State University
    201 Strand Union PO Box 172190
    13244
    Bozeman,MT59717     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    New York University
    25 West Fourth Street 1st Floor
    63501
    New York,NY10012     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    Northwestern University
    633 Clark Street
    70118
    Evanston,IL60208     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    St John's University
    8000 Utopia Parkway
    99901
    Queens,NY11439     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    Swarthmore College
    500 College Avenue
    72035
    Swarthmore,PA19081     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    Truman State University
    100 E Normal Street
    73034
    Kirksville,MO63501     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    Tulane University
    6823 St Charles Avenue
    40292
    New Orleans,LA70118     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    University of Alaska Southeast
    2600-Seventh Avenue
    48109
    Ketchikan,AL99901     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    University of Central Arkansas
    201 Donaghey Avenue
    48109
    Conway,AR72035     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    University of Central Oklahoma
    100 N University Drive
    65211
    Edmond,OK73034     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    University of Louisville
    Controllers Office -Service Comple
    87131
    Louisville,KY40292     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    University of Michigan
    2500 Student Activities
    515 E Jefferson Street
    Ann Arbor,MI48109     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    University of Michigan
    2226 Student Activities
    515 E Jefferson Street
    Ann Arbor,MI48109     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    University of New Mexico
    1 University of New Mexico
    515 E Jefferson Street
    Albuquerque,NM87131     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    University of North Dakota
    Twamley Hall Room 216
    57069
    Grand Forks,ND58202     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    University of Notre Dame Dulac
    Financial Aid
    264 Centennial Drive Stop 8371
    Notre Dame,IN46556     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    University of South Carolina
    1600 Hampton Street Suite 613
    115 Main Building
    Columbia,SC29208     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    University of South Dakota
    414 E Clark Street
    98801
    Vermillion,SD57069     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    University of Wisconsin-Oshkosh
    800 Algoma Blvd
    26506
    Oshkosh,WI54901     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    Wellesley College
    Student Financial Svcs
    98228
    Wellesley,MA02481     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    Wenatchee Valley College
    1300 5th Street
    106 Central Street
    Wenatchee,WA98801     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    West Virginia University
    One Waterfront Place PO Box 6005
    06520
    Morgantown,WV26506     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    Western Washington University
    516 High Street
    20001
    Bellingham,WA98228     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    Wichita State University
    1845 Fairmount
    37212
    Wichita,KS67260     		Unrelated 501 (c) (3) Free Spirit Scholarship 1,000
    Yale University
    Student Financial Services
    PO Box 208288
    New Haven,CT06520     		Unrelated 501 (c)(3) Free Spirit Scholarship 1,000
    Total .................................bullet 3a 28,463,754
    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 (2012)
    Form 990-PF (2012)
    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 instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aFIRST AMENDMENT CENTER ACTIVITY REVENUE 900099       88,964
    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 1,544,264  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property...... 900099 4,641,337      
    bNot debt-financed property.....     16 505,288  
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 1,099,544  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aFEDERAL EXCISE TAX CREDIT 900099       8,972
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 4,641,337 3,149,096 97,936
    13Total. Add line 12, columns (b), (d), and (e)..................
    137,888,369
    (See worksheet in line 13 instructions 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 foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    11 FEDERAL EXCISE TAX CREDIT FROM THE PRIOR YEAR TAX RETURN
    Form 990-PF (2012)
    Form 990-PF (2012)
    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
    Sign Here
    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
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2012)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2012 AccountingFeesSchedule
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 191,282 9,092 9,564 207,197

    TY 2012 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.
    CATHY TROST MS. TROST IS AN EMPLOYEE OF NEWSEUM, INC.
    COURTNEY SURLS MS. SURLS IS AN EMPLOYEE OF NEWSEUM, INC.
    ROBERT S WILLIAMS MR. WILLIAMS 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 2012 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 2012 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 33,148,871 34,108,219

    TY 2012 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 197,447,108 219,306,098

    TY 2012 InvestmentsGovtObligationsSch
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    US Government Securities - End of Year Book Value:

    7,238,355
    US Government Securities - End of Year Fair Market Value:

    7,940,173
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2012 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   53,801,830 72,322,922

    TY 2012 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 2012 LegalFeesSchedule
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 459,193     594,654


    TY 2012 MortgagesAndNotesPayableSch 
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    Total Mortgage Amount: 231525000

    Item No. 1
    Lender's Name BONDS NOTE PAYABLE
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan  
    Balance Due 231525000
    Date of Note  
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan  
    Description of Lender Consideration  
    Consideration FMV  


    TY 2012 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 1,003,436 969,544 969,544
    INVESTMENT IN LIFE INS. POLICY 2,675,457 2,851,843 2,851,843
    MISCELLANEOUS ASSETS 2,193,397 2,332,490 2,332,490
    INVESTMENT IN ARTWORK 273,386 273,386 273,386
    FUNDS HELD WITH TRUSTEE 50,239 10,374 10,374


    TY 2012 OtherDecreasesSchedule
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    Description Amount
    INTEREST RATE SWAP TERMINATION COI 354,091
    CHANGE IN PENSION LIABILITY 1,958,272


    TY 2012 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 324,684     334,860
    EQUIPMENT EXPENSES 57,109     58,788
    ADVERTISING & PROMOTION 16,677     16,677
    A/V PRODUCTION 1,594     1,407
    AMORTIZATION 123,564      


    TY 2012 OtherIncomeSchedule2
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PROGRAM INCOME 88,964   88,964
    FEDERAL EXCISE TAX CREDIT 8,972    


    TY 2012 OtherIncreasesSchedule
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 8,135,724
    ADMINISTRATIVE COST ALLOCATIONS 8,156,030
    DISCOUNT ON BOND CANCELLATION 148,355


    TY 2012 OtherLiabilitiesSchedule
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    Description Beginning of Year - Book Value End of Year - Book Value
    ESCHEAT LIABILITY 210,573 210,573
    MARGIN PAYABLE 79,508,225 77,683,576
    DUE FROM AFFILIATES 19,246,550 28,451,183
    FEDERAL EXCISE TAXES PAYABLE 245,955 772,909
    CURRENT UBIT PAYABLE 157,753 3,139,625


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING FEES 407,914     428,465
    TRAINING PROFESSIONAL FEES 1,647     1,647
    INVESTMENT MANAGEMENT FEES 4,375,905 4,375,905 4,375,905 27,744


    TY 2012 TaxesSchedule
    Name:
    THE FREEDOM FORUM INC
    EIN: 54-1604427
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PERSONAL PROPERTY TAX 98,360     98,360
    TAXES - G&A GENERAL 18,019      
    DEFERRED EXCISE TAX 561,441      
    CURRENT UBIT TAX 1,498,493     511,197
    DEFERRED UBIT TAX 1,885,762