Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
THE FREEDOM FORUM INC
 
Number and street (or P.O. box number if mail is not delivered to street address)610 WATER STREET SW 300
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WASHINGTON, DC20024
A Employer identification number

54-1604427
B Telephone number (see instructions)

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

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$606,497,548
J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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) 1,800,490
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 10,473,136 17,114,087 17,114,087
5a Gross rents............ 307,995 307,995 307,995
b Net rental income or (loss) 307,995
6a Net gain or (loss) from sale of assets not on line 10 33,421,947
b Gross sales price for all assets on line 6a 226,602,896
7 Capital gain net income (from Part IV, line 2)... 33,103,307
8 Net short-term capital gain......... 27,264,284
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)....... 34,962 34,962 34,962
12 Total. Add lines 1 through 11........ 46,038,530 50,560,351 44,721,328
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,791,769 242,827 242,827 1,548,942
14 Other employee salaries and wages...... 5,234,792 27,041 27,041 5,468,098
15 Pension plans, employee benefits....... 1,495,581 3,586 3,586 1,830,753
16a Legal fees (attach schedule)......... 675,108 0 0 623,940
b Accounting fees (attach schedule)....... 227,752 11,388 11,388 123,841
c Other professional fees (attach schedule).... 5,460,120 1,476,465 1,476,465 2,408,895
17 Interest............... 1,987,865 0 0 1,987,865
18 Taxes (attach schedule) (see instructions)... 801,649 0 0 142,000
19 Depreciation (attach schedule) and depletion... 680,184 0 0
20 Occupancy.............. 2,257,224 238,202 238,202 1,348,771
21 Travel, conferences, and meetings....... 1,667,097 33,036 33,036 1,737,894
22 Printing and publications.......... 78,198 0 0 79,160
23 Other expenses (attach schedule)....... 1,927,801 22,885 22,885 1,873,050
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 24,285,140 2,055,430 2,055,430 19,173,209
25 Contributions, gifts, grants paid....... 472,401 461,401
26 Total expenses and disbursements. Add lines 24 and 25 24,757,541 2,055,430 2,055,430 19,634,610
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 21,280,989
b Net investment income (if negative, enter -0-) 48,504,921
c Adjusted net income (if negative, enter -0-)... 42,665,898
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 3,661,159 3,391,398 3,391,398
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow314,738
Less: allowance for doubtful accounts right arrow   97,138 314,738 314,738
4 Pledges receivable right arrow10,613
Less: allowance for doubtful accounts right arrow   957,890 10,613 10,613
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 77,509,167 Click to see attachment
List of Attached Documents:
// Content
103,318,556
103,318,556
b Investments—corporate stock (attach schedule)....... 214,403,832 Click to see attachment
List of Attached Documents:
// Content
279,651,121
279,651,121
c Investments—corporate bonds (attach schedule)....... 25,551,514 0 0
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 236,819,489 Click to see attachment
List of Attached Documents:
// Content
190,636,204
190,636,204
14 Land, buildings, and equipment: basis right arrow16,287,176
Less: accumulated depreciation (attach schedule) right arrow4,481,426 3,242,559 11,805,750 11,805,750
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
6,579,860
Click to see attachment
List of Attached Documents:
// Content
17,369,168
Click to see attachment
List of Attached Documents:
// Content
17,369,168
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 568,822,608 606,497,548 606,497,548
Liabilities 17 Accounts payable and accrued expenses.......... 8,567,566 8,783,718
18 Grants payable................. 92,500 105,500
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
52,016,931
Click to see attachment
List of Attached Documents:
// Content
41,064,980
23 Total liabilities (add lines 17 through 22)......... 60,676,997 49,954,198
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 508,145,611 556,543,350
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 508,145,611 556,543,350
30 Total liabilities and net assets/fund balances (see instructions). 568,822,608 606,497,548
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
508,145,611
2
Enter amount from Part I, line 27a .....................
2
21,280,989
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
30,658,519
4
Add lines 1, 2, and 3 ..........................
4
560,085,119
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
3,541,769
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
556,543,350
Form 990-PF (2023)
Form 990-PF (2023)
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 LOSS ON DISPOSAL OF FIXED ASSETS P    
b GOLDMAN SACHS-ADVISORY LT P    
c GOLDMAN SACHS-ADVISORY ST P    
d GOLDMAN SACHS-ADVISORY 2 ST P    
e GOLDMAN SACHS-GOV CORP ST P    
GOLDMAN SACHS-CORP LT P    
GOLDMAN SACHS-CORP ST P    
GOLDMAN SACHS-FIERA LT P    
GOLDMAN SACHS-FIERA ST P    
GOLDMAN SACHS-PALISADE LT P    
GOLDMAN SACHS-PALISADE ST P    
GOLDMAN SACHS-DIAMOND HILL LT P    
GOLDMAN SACHS-DIAMOND HILL ST P    
ALTERNATIVE INVESTMENTS OFFSHORE P   2023-12-31
GOLDMAN SACHS-BROKERAGE ST P    
(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     83,784 -83,784
b 60,134,155   56,894,283 3,239,872
c 1,857,554   1,868,978 -11,424
d 28,076,320   25,818,893 2,257,427
e 12,297,421   11,820,151 477,270
1,627,135   1,836,448 -209,313
11,387,284   11,376,856 10,428
41,216,786   25,642,757 15,574,029
294,405   333,523 -39,118
13,573,096   11,994,206 1,578,890
2,838,058   2,760,751 77,307
19,379,802   15,174,301 4,205,501
19,843,987   19,656,788 187,199
    318,640 -318,640
14,076,893   7,919,230 6,157,663
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       -83,784
b       3,239,872
c       -11,424
d       2,257,427
e       477,270
      -209,313
      10,428
      15,574,029
      -39,118
      1,578,890
      77,307
      4,205,501
      187,199
      -318,640
      6,157,663
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 33,103,307
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 27,264,284
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 674,218
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 0
3 Add lines 1 and 2........................... 3 674,218
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 674,218
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 519,654
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 100,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 619,654
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 537
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 55,101
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-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 the instructions
for the 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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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:
round bullet By language in the governing instrument, or
round bullet 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 XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowAL, AZ, AK, CA, CT, DC, FL, GA, IL, KS, ME, MD, MA, MI, MN, MS, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, TN, VA, WA, WV, WI, CO, MO, KY
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 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
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
Yes
 
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 addressright arrowWWW.FREEDOMFORUM.ORG
14
The books are in care ofright arrowSHERRY MINEAR Telephone no.right arrow (202) 292-6100

Located atright arrow610 WATER ST SW SUITE 300WASHINGTONDC ZIP+4right arrow20024
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-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? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(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)? ......................
1a(5)
 
No
(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.) ...............
1a(6)
 
No
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 instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
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 2023? .............
1d
 
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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? ..............................
3a
Yes
 
b
If "Yes," did it have excess business holdings in 2023 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 2023.) .....................
3b
 
No
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
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
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
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? .................
5d
 
 
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? .............................
6a
 
No
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?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
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
JAN NEUHARTH CHAIR AND CHIEF EXECUTIVE OFFICER
40.00
725,445 30,258 76,489
610 WATER STREET SW SUITE 300
WASHINGTON,DC20024
SHERRY MINEAR CHIEF FINANCIAL OFFICER & TREASURER
40.00
330,774 20,733 20,925
610 WATER STREET SW SUITE 300
WASHINGTON,DC20024
CINDY KEITH CHIEF HUMAN RESOURCE OFFICER
40.00
201,350 20,890 23,736
610 WATER STREET SW SUITE 300
WASHINGTON,DC20024
MICHAEL COLEMAN SECRETARY/TRUSTEE
10.00
50,500 0 0
610 WATER STREET SW SUITE 300
WASHINGTON,DC20024
JAMES ABBOTT TRUSTEE
5.00
21,000 0 0
610 WATER STREET SW SUITE 300
WASHINGTON,DC20024
LUCY DALGLISH TRUSTEE
5.00
22,000 0 0
610 WATER STREET SW SUITE 300
WASHINGTON,DC20024
R DAVID EDELMAN TRUSTEE
5.00
30,500 0 0
610 WATER STREET SW SUITE 300
WASHINGTON,DC20024
JACK KIRSCHENBAUM TRUSTEE
5.00
32,570 0 0
610 WATER STREET SW SUITE 300
WASHINGTON,DC20024
JOSH KIRSCHENBAUM TRUSTEE
5.00
25,000 0 0
610 WATER STREET SW SUITE 300
WASHINGTON,DC20024
MALCOLM R KIRSCHENBAUM TRUSTEE
10.00
68,630 0 0
610 WATER STREET SW SUITE 300
WASHINGTON,DC20024
JOHN LEE IV TRUSTEE
10.00
57,500 0 0
610 WATER STREET SW SUITE 300
WASHINGTON,DC20024
DANIELLE NEUHARTH-KEUSCH TRUSTEE
5.00
28,000 0 0
610 WATER STREET SW SUITE 300
WASHINGTON,DC20024
PETER S PRICHARD TRUSTEE
10.00
63,500 0 0
610 WATER STREET SW SUITE 300
WASHINGTON,DC20024
ORAGE QUARLES III TRUSTEE
10.00
65,500 0 0
610 WATER STREET SW SUITE 300
WASHINGTON,DC20024
BARBARA WALL TRUSTEE
10.00
50,000 0 0
610 WATER STREET SW SUITE 300
WASHINGTON,DC20024
JUDY WOODRUFF TRUSTEE
5.00
19,500 0 0
610 WATER STREET SW SUITE 300
WASHINGTON,DC20024
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
CATHY TROST CHIEF ENGAGEMENT OFF
40.00
323,602 15,170 20,925
610 WATER STREET SW SUITE 300
WASHINGTON,DC20024
DOUGLAS NEIL CHIEF DIGITAL OFFICE
40.00
272,885 13,857 10,504
610 WATER STREET SW SUITE 300
WASHINGTON,DC20024
PATRICIA RHULE CHIEF CONTENT OFFICE
40.00
252,276 24,769 5,710
610 WATER STREET SW SUITE 300
WASHINGTON,DC20024
KEVIN GOLDBERG FIRST AMENDEMENT SPE
40.00
226,888 14,412 832
610 WATER STREET SW SUITE 300
WASHINGTON,DC20024
JONATHAN THOMPSON CHIEF OUTREACH OFFIC
40.00
200,482 28,559 10,734
610 WATER STREET SW SUITE 300
WASHINGTON,DC20024
Total number of other employees paid over $50,000...................right arrow 41
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
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
RAND CONSTRUCTION CORPORATION CONSTRUCTION 3,137,188
1029 N ROYAL STREET
ALEXANDRIA,VA22314
GOLDMAN SACHS PRINCETON FUND LTD INVESTMENT ADVISOR 942,043
200 WEST STREET
NEW YORK,NY102822198
REDPEG MARKETING INC MARKETING 582,242
727 N WASHINGTON ST
ALEXANDRIA,VA22314
MARSH USA LLC INSURANCE 510,333
PO BOX 846015
DALLAS,TX75284
SEQUENTUR LLC IT SUPPORT 480,326
611 S FORT HARRISON AVE 214
CLEARWATER,FL33756
Total number of others receiving over $50,000 for professional services.............right arrow61
Part VIII-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 FREEDOM FORUM, INC. 19,173,209
2  
3  
4  
Part VIII-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  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
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
547,219,064
b
Average of monthly cash balances.......................
1b
2,010,281
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
549,229,345
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
549,229,345
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
8,238,440
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
540,990,905
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
27,049,545
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
 
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (This does not include the tax from Part V.) ...
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 XII, line 1 ...
7
 
Part XI
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
19,634,610
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
8,962,414
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
28,597,024
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus
(b)
Years prior to 2022
(c)
2022
(d)
2023
1 Distributable amount for 2023 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$  
a Applied to 2022, 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 2023 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023.    
(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 instructions ...........
 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions .............
 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 ..........
 
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) .......
 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ...
 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ......
 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-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 2023, enter the date of the ruling ...... right arrow
2008-05-15
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 IX for each
year listed ..........
Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
27,049,545 3,603,982 17,618,628 1,567,269 49,839,424
b 85% (0.85) of line 2a ......... 22,992,113 3,063,385 14,975,834 1,332,179 42,363,510
c Qualifying distributions from Part XI,
line 4 for each year listed .....
28,597,024 36,058,276 17,433,985 25,999,539 108,088,824
d Amounts included in line 2c not used directly
for active conduct of exempt activities ..........
461,401 440,269 78,000 60,000 1,039,670
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c ....
28,135,623 35,618,007 17,355,985 25,939,539 107,049,154
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......         0
(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 IX, line 6 for each year listed ..
18,033,030 20,246,487 20,199,597 14,565,569 73,044,683
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 XIV
Supplementary Information (Complete this part only if the foundation 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).)
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.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address 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 (2023)
Form 990-PF (2023)
Page 11
Part XIV
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

BENTLEY UNIVERSITY

175 FOREST STREET
WALTHAM,MA02452
  PC FREE SPIRIT SCHOLARSHIP 1,000

COLUMBIA UNIVERSITY

2950 BROADWAY
NEW YORK,NY10027
  PC FREE SPIRIT SCHOLARSHIP 1,000

EMORY UNIVERSITY

200 DOWMAN DRIVE SUITE 300
ATLANTA,GA30322
  PC FREE SPIRIT SCHOLARSHIP 1,000

FAIRMONT STATE UNIVERSITY

1201 LOCUST AVENUE
FAIRMONT,WV26554
  PC FREE SPIRIT SCHOLARSHIP 1,000

FORDHAM UNIVERSITY

441 EAST FORDHAM ROAD
BRONX,NY10458
  PC FREE SPIRIT SCHOLARSHIP 1,000

HARVARD COLLEGE

1350 MASSACHUSETTS AVE
CAMBRIDGE,MA02138
  PC FREE SPIRIT SCHOLARSHIP 1,000

HOBART & WILLIAM SMITH COLLEGES

337 PULTENEY STREET
GENEVA,NY14456
  PC FREE SPIRIT SCHOLARSHIP 1,000

HOFSTRA UNIVERSITY

128 HOFSTRA UNIVERSITY
HEMPSTEAD,NY11549
  PC FREE SPIRIT SCHOLARSHIP 1,000

INDIANA UNIVERSITY

601 E KIRKWOOD AVENUE
BLOOMINTON,IN47405
  PC FREE SPIRIT SCHOLARSHIP 2,000

KANSAS STATE UNIVERSITY

105 ANDERSON HALL
MANHATTAN,KS66506
  PC FREE SPIRIT SCHOLARSHIP 1,000

MONTANA STATE UNIVERSITY

201 MONTANA HALL
BOZEMAN,MT59717
  PC FREE SPIRIT SCHOLARSHIP 1,000

NORTHWESTERN UNIVERSITY

1801 HINMAN AVENUE
EVANSTON,IL60208
  PC FREE SPIRIT SCHOLARSHIP 1,000

PRINCETON UNIVERSITY

110 WEST COLLEGE BOX 430
PRINCETON,NJ08544
  PC FREE SPIRIT SCHOLARSHIP 1,000

SPELMAN COLLEGE

350 SPELMAN LANE SW
ATLANTA,GA30314
  PC FREE SPIRIT SCHOLARSHIP 1,000

TROY UNIVERSITY

600 UNIVERSITY AVENUE
TROY,AL36082
  PC FREE SPIRIT SCHOLARSHIP 1,000

UNIVERSITY OF ARKANSAS

214 ARKANSAS UNION
FAYETTEVILLE,AR72701
  PC FREE SPIRIT SCHOLARSHIP 1,000

UNIVERSITY OF CENTRAL ARKANSAS

201 DONAGHEY AVE
CONWAY,AR72035
  PC FREE SPIRIT SCHOLARSHIP 1,000

UNIVERSITY OF CINCINNATI

2618 MCMICKEN CIRCLE
CINCINNATI,OH45219
  PC FREE SPIRIT SCHOLARSHIP 1,000

UNIVERSITY OF IOWA

208 CALVIN HALL
IOWA CITY,IA52242
  PC FREE SPIRIT SCHOLARSHIP 1,000

UNIVERSITY OF LOUISVILLE

CONTROLLERS OFFICE-SERVICE COMPLEX
BLDG
LOUISVILLE,KY40292
  PC FREE SPIRIT SCHOLARSHIP 1,000

UNIVERSITY OF MARYLAND

1109 LEE BUILDING
COLLEGE PARK,MD20742
  PC FREE SPIRIT SCHOLARSHIP 1,000

UNIVERSITY OF MISSOURI-COLUMBIA

109 REYNOLDS ALUMNI CENTER
COLUMBIA,MO65211
  PC FREE SPIRIT SCHOLARSHIP 1,000

UNIVERSITY OF NEBRASKA-LINCOLN

1410 Q STREET
LINCOLN,NE68588
  PC FREE SPIRIT SCHOLARSHIP 1,000

UNIVERSITY OF NEVADA RENO

MAIL STOP 076
RENO,NV89557
  PC FREE SPIRIT SCHOLARSHIP 1,000

UNIVERSITY OF NORTH CAROLINA-CHAPEL HILL

300 PETTIGREW HALL
CHAPEL HILL,NC27514
  PC FREE SPIRIT SCHOLARSHIP 2,000

UNIVERSITY OF NORTH TEXAS

1155 UNION CIRCLE 311247
DENTON,TX76203
  PC FREE SPIRIT SCHOLARSHIP 1,000

UNIVERSITY OF NOTRE DAME

115 MAIN BUILDING
NOTRE DAME,IN16556
  PC FREE SPIRIT SCHOLARSHIP 1,000

UNIVERSITY OF SCIENCE AND ARTS OF OKLAHOMA

1727 WEST ALABAMA AVENUE
CHICKASHA,OK73018
  PC FREE SPIRIT SCHOLARSHIP 1,000

UNIVERSITY OF SOUTH FLORIDA

4202 E FOWLER AVE ADM131
TAMPA,FL33620
  PC FREE SPIRIT SCHOLARSHIP 1,000

UNIVERSITY OF SOUTHERN CALIFORNIA

UNIVERSITY GARDENS BLDG STE 205
LOS ANGELES,CA90089
  PC FREE SPIRIT SCHOLARSHIP 1,000

UNIVERSITY OF VERMONT AND STATE AGRICULTURAL

85 SOUTH PROSPECT STREET
BURLINGTON,VT05405
  PC FREE SPIRIT SCHOLARSHIP 1,000

UNIVERSITY OF WASHINGTON

BOX 351120
SEATTLE,WA98195
  PC FREE SPIRIT SCHOLARSHIP 1,000

UNIVERSITY OF WISCONSIN-MADISON

21 NORTH PARK STREET SUITE 6101
MADISON,WI53715
  PC FREE SPIRIT SCHOLARSHIP 1,000

UNIVERSITY OF WYOMING

1000 E UNIVERSITY AVE
LARAMMIE,WY82071
  PC FREE SPIRIT SCHOLARSHIP 1,000

VILLANOVA UNIVERSITY

VILLANOVA UNIVERSITY
VILLANOVA,PA19085
  PC FREE SPIRIT SCHOLARSHIP 1,000

WELLESLEY COLLEGE

106 CENTRAL STREET
WELLESLEY,MA02481
  PC FREE SPIRIT SCHOLARSHIP 1,000

YALE UNIVERSITY

P O BOX 2038
NEW HAVEN,CT06521
  PC FREE SPIRIT SCHOLARSHIP 1,000
DAWSON MAYA


1911 S KIPLING ST
LAKEWOOD,CO80227
NONE I FREE SPIRIT SCHOLARSHIP 1,000
AGING MATTERS


360 W KING ST
COCOA,FL32926
  PC TRUSTEE INITIATIVES 5,000
AMERICAN JOURNALISM PROJECT


6218 GEORGIA AVE NW
WASHINGTON,DC20011
  PC TRUSTEE INITIATIVES 5,000

AMI KIDS SPACE COAST INC

1000 INSPIRATION LANE
MELBOURNE,FL32934
  PC TRUSTEE INITIATIVES 1,000

ANGELO B HENDERSON ENDOWED SCHOLARSHIP

310 BLAZER DINING
LEXINGTON,KY40506
  PC TRUSTEE INITIATIVES 2,500

ASSOCIATION FOR TRADITIONAL STUDIES

136 DIX CREEK CHAPEL ROAD
ASHEVILLE,NC28806
  PC TRUSTEE INITIATIVES 5,000

AUSTIN COMMUNITY FOUNDATION

4315 GUADALUPE STREET
AUSTIN,TX78751
  PC TRUSTEE INITIATIVES 5,000

BOYS & GIRLS CLUBS OF CENTRAL FLORIDA

1800 W HIBISCUS BLVD
MELBOURNE,FL32904
  PC TRUSTEE INITIATIVES 3,500

BREVARD NEIGHBORHOOD DEVELOPMENT INC

1151 MASTERSON ST
MELBOURNE,FL32935
  PC TRUSTEE INITIATIVES 1,000

BURING COAL THEATRE COMPANY

224 POLK STREET
RALEIGH,NC27604
  PC TRUSTEE INITIATIVES 5,000

CAL RIPKEN SR FOUNDATION

1427 CLARKVIEW RD
BALTIMORE,MD21209
  PC TRUSTEE INITIATIVES 10,000

CASA CHILDREN'S INTERVENTION SERVICES INC

9384 FORESTWOOD LANE
MANASSAS,VA20110
  PC TRUSTEE INITIATIVES 15,000

CASACHILDREN'S AFTER SCHOOL ARTS

584 CASTRO ST 264
SAN FRANCISCO,CA94114
  PC TRUSTEE INITIATIVES 2,500

CHILDREN'S HOME SHELTER FOR FAMILY SAFETY

113 N ST PAUL AVENUE
SIOUX FALLS,SD57103
  PC TRUSTEE INITIATIVES 10,000

CHRIST THE KING CHURCH

1 MCCURDY ROAD
OLD LYME,CT06371
  CHURCH TRUSTEE INITIATIVES 8,000

COCOA BEACH WOMAN'S CLUB FOUNDATION INC

PO BOX 1104
COCOA BEACH,FL32932
  PC TRUSTEE INITIATIVES 2,500

CORNELL DAILY SUN ALUMNI ASSOCIATION

139 W STATE STREET
ITHACA,NY14850
  PC TRUSTEE INITIATIVES 1,000

CORNELL UNIVERSITY DESIGNATED FOR SHOALS MARINE LAB

BOX 37334
BOONE,IA50037
  PC TRUSTEE INITIATIVES 2,500

DOW JONES NEWS FUND

PO BOX 300
PRINCETON,NJ08543
  POF TRUSTEE INITIATIVES 20,000

EAST COAST ZOOLOGICAL ASSOCIATION OF FLORIDA

8225 N WICKHAM RD
MELBOURNE,FL32940
  PC TRUSTEE INITIATIVES 5,000

FARBER FUND DEPT OF POLY SCIENCE UNIVERSITY OF SD

414 E CLARK STREET
VERMILLION,SD57069
  PC TRUSTEE INITIATIVES 5,000

FLORIDA SURF FILM FESTIVAL INC

1414 ART CENTER AVE
NEW SMYRNA BEACH,FL32168
  PC TRUSTEE INITIATIVES 2,500

FLORIDA SURF MUSEUM INC

PO BOX 321453
COCOA BEACH,FL32932
  PC TRUSTEE INITIATIVES 1,500

FOOLPROOF FOUNDATION

516 DELANNOY AVE
COCOA,FL32922
  PC TRUSTEE INITIATIVES 10,000

FORT TICONDEROGA ASSOCIATION INC

PO BOX 390
TICONDEROGA,NY12883
  PC TRUSTEE INITIATIVES 5,000

FRIENDS OF THE CHILDRENS ADVOCACY OF BREVARD INC

1100 ROCKLEDGE BLVD
ROCKLEDGE,FL32955
  PC TRUSTEE INITIATIVES 1,000

GREEN CORPS

1543 WAZEE ST SUITE 300
DENVER,CO80202
  PC TRUSTEE INITIATIVES 1,500

HAMLIN SCHOOL

2120 BROADWAY
SAN FRANCISCO,CA94115
  PC TRUSTEE INITIATIVES 2,500

HARLEM STAGE

150 CONVENT AVE
NEW YORK,NY10031
  PC TRUSTEE INITIATIVES 1,000

HEALTH FIRST FOUNDATION

611 E SHERIDAN ROAD
MELBOURNE,FL32901
  PC TRUSTEE INITIATIVES 5,000

HEALTH FIRST FOUNDATION INC

3300 S FISKE BLVD
ROCKLEDGE,FL32955
  PC TRUSTEE INITIATIVES 7,500

HELEN KELLER INTERNATIONAL

1 DAG HAMMARSKJOLD PLAZA
NEW YORK,NY10017
  PC TRUSTEE INITIATIVES 20,000

HELPING HANDS OF ROUND POND

PO BOX 114
ROUND POND,ME04564
  PC TRUSTEE INITIATIVES 4,000

INSITUTE FOR EDUCATION

4410 MASSACHUSETTS AVE NW
WASHINGTON,DC20016
  PC TRUSTEE INITIATIVES 10,000

INTERNATIONAL WOMEN'S MEDIA FOUNDATION

1625 K STREET NW
WASHINGTON,DC20006
  PC TRUSTEE INITIATIVES 13,000

JAMES FOLEY LEGACY FOUNDATION

200 MARCY STREET
PORTSMOUTH,NH03801
  PC TRUSTEE INITIATIVES 5,000

MIDDLEBURG COMMUNITY CENTER

300 W WASHINGTON ST
MIDDLEBURG,VA20117
  PC TRUSTEE INITIATIVES 5,000

MIDDLEBURG LIBRARY ADVISORY BOARD INC

PO BOX 1823
MIDDLEBURG,VA20118
  PC TRUSTEE INITIATIVES 5,000

NATIONAL MUSIC MUSEUM

414 E CLARK ST
VERMILLION,SD57069
  PC TRUSTEE INITIATIVES 10,000

NORTH CAROLINA MUSEUM OF ART

4630 MAIL SERVICE CENTER
RALEIGH,NC27699
  PC TRUSTEE INITIATIVES 6,000

NORTH CAROLINA OPERA

612 WADE AVE
RALEIGH,NC27605
  PC TRUSTEE INITIATIVES 7,500

ONLY ONE

395 HUDSON AVENUE
NEW YORK,NY10014
  PC TRUSTEE INITIATIVES 10,000

PRESENCING INSTITUTE INC

1770 MASSACHUSETTS AVENUE 221
CAMBRIDGE,MA02140
  PC TRUSTEE INITIATIVES 1,500

PRIDE OF TICONDEROGA

111 MONTCALM ST
TICONDEROGA,NY12883
  PC TRUSTEE INITIATIVES 5,000

PROMISE INC

4105 NORFOLK PARKWAY
WEST MELBOURNE,FL32904
  PC TRUSTEE INITIATIVES 2,000

PROMISE INC

4105 NORFOLK PKSY WEST
MELBOURNE,FL32904
  PC TRUSTEE INITIATIVES 2,000

PULITZER CENTER ON CRISIS REPORTING

2000 PENNSYLVANIA AVE NW
WASHINGTON,DC20006
  PC TRUSTEE INITIATIVES 5,000

REBIRTH AND DEVELOPMENT

3145 23RD STREET
SAN FRANCISCO,CA94110
  PC TRUSTEE INITIATIVES 7,500

REPORTERS COMMITTEE FOR FREEDOM OF THE PRESS

1156 15TH ST NW 1020
WASHINGTON,DC20005
  PC TRUSTEE INITIATIVES 2,000

SAMARITAN'S PURSE

PO BOX 3000
BOONE,NC28607
  PC TRUSTEE INITIATIVES 5,000

SILVER BAY ASSOCIATION

87 SILVER BAY RD
SILVER BAY,NY12974
  PC TRUSTEE INITIATIVES 2,000

SOUTH BREVARD SHARING CENTER

17 E HIBISCUS BLVD
MELBOURNE,FL32901
  PC TRUSTEE INITIATIVES 1,000

SPACE COAST PRIDE INC

PO BOX 672
MELBOURNE,FL32902
  PC TRUSTEE INITIATIVES 5,000

ST VINCENT DE PAUL MIDDLETOWN

PO BOX 398
MIDDLETOWN,CT06457
  CHURCH TRUSTEE INITIATIVES 8,000

STERNE SCHOOL

838 KEARNY ST
SAN FRANCISCO,CA94108
  PC TRUSTEE INITIATIVES 2,500

SURFSIDE PLAYERS INC

301 RAMP ROAD
COCOA BEACH,FL32931
  PC TRUSTEE INITIATIVES 2,500

THE CHILDREN'S HUNGER PROJECT INC

7817 SHADOWOOD DR
MELBOURNE,FL32904
  PC TRUSTEE INITIATIVES 2,000

THE GRIDIRON CLUB & FOUNDATION

529 14TH ST NW 973
WASHINGTON,DC20045
  PC TRUSTEE INITIATIVES 5,000

THE LOST CHURCH

65 CAPP STREET
SAN FRANCISCO,CA94103
  PC TRUSTEE INITIATIVES 5,000

TICONDEROGA AREA BACKPACK PROGRAM

10 TEMPERANCE POINT
TICONDEROGA,NY12883
  PC TRUSTEE INITIATIVES 1,000

UND ALUMNI ASSOCIATION AND FOUNDATION

3501 UNIVERSITY AVE STOP 8157
GRAND FORKS,ND58202
  PC TRUSTEE INITIATIVES 20,000

UNITED WAY OF BREVARD

1100 ROCKLEDGE BLVD 300
ROCKLEDGE,FL32955
  PC TRUSTEE INITIATIVES 2,500

UNIVERSITY OF FLORIDA

PO BOX 117300
GAINESVILLE,FL23611
  PC TRUSTEE INITIATIVES 5,000

UVA FUND FREE EXPRESSION FUND #50121

PO BOX 400314
CHARLOTTESVILLE,VA22904
  PC TRUSTEE INITIATIVES 5,000

VANDERBILT UNIVERSITY SCHOOL OF LAW

2301 VANDERBILT PLACE
NASHVILLE,TN37240
  PC TRUSTEE INITIATIVES 5,000

WASHINGTON ASSOCIATION OF BLACK JOURNALISTS

PO BOX 2683
WASHINGTON,DC20013
  PC TRUSTEE INITIATIVES 2,500

WEST STREET RECOVERY PROJECT

2012 EMANCIPATION AVE
HOUSTON,TX77003
  PC TRUSTEE INITIATIVES 5,000

WILLIAM PEACE UNIVERSITY ADVANCEMENT

15 EAST PEACE STREET
RALEIGH,NC27604
  PC TRUSTEE INITIATIVES 6,500

YALE UNIVERSITY

1 PROSPECT STREET
NEW HAVEN,CT06511
  PC TRUSTEE INITIATIVES 10,000

NATIONAL CONSTITUTION CENTER

525 ARCH STREET
PHILADELPHIA,PA20006
  PC GENERAL SUPPORT 25,000

INTERNATIONAL WOMEN'S MEDIA FOUNDATION

1625 K STREET NW STE 1275
WASHINGTON,DC20006
  PC 2023 COURAGE IN JOURNALISM AWARDS 10,000

NATIONAL CONSTITUTION CENTER

525 ARCH STREET
PHILADELPHIA,PA20006
  PC 2023 LIBERTY MEDAL AWARDS 10,000

SPILLED MILK CATERING

18906 PREMIERE CT
GAITHERSBURG,MD20879
  PC 2023 ASIAN AMERICAN JOURNALISTS ASSOCIATION CONFERENCE 3,401
Total .................................right arrow 3a 461,401
bApproved for future payment

FREE SPIRIT SCHOLAR RECIPIENTS
610 WATER STREET SW SUITE 300
WASHINGTON,DC20024
  PC 51 $1,000 FREE SPIRIT SCHOLARSHIPS 51,000
Total ................................. right arrow 3b 51,000
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-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
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ...........
         
4 Dividends and interest from securities ....     14 10,473,136  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 307,995  
6 Net rental income or (loss) from personal property          
7 Other investment income .....     01 34,962  
8 Gain or (loss) from sales of assets other than
inventory ............
    18 33,421,947  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 44,238,040 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
44,238,040
(See worksheet in line 13 instructions to verify calculations.)
Part XV-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 XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
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 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
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) (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) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow
PTIN
Firm's name SmallBullet
Firm's EIN SmallBullet
Firm's address SmallBullet


Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
THE FREEDOM FORUM INC
 
Employer identification number

54-1604427
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
THE FREEDOM FORUM INC
 
Employer identification number
54-1604427
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
1
P&B CHARITABLE REMAINDER UNITRUST
 
708 TOYON DR
 
MONTEREY, CA93940

$ 109,970


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
2
NEWS CORP
 
1211 AVENUE OF THE AMERICAS
 
NEW YORK, NY10036

$ 75,000


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
3
SCHWAB CHARITABLE FUND
 
101 MONTGOMERY STREET
 
SAN FRANCISCO, CA94104

$ 43,000


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
4
FIDELITY CHARITABLE GIFT FUND
 
PO BOX 55158
 
BOSTON, MA02205

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
5
JOHN & PATRICIA KLINGENSTEIN FUND
 
80 8TH AVE
 
NEW YORK, NY10011

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
6
W CURTIS RIDDLE
121 BELLANT CIR
 
WILMINGTON, DE19807

$ 10,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Name of organization
THE FREEDOM FORUM INC
 
Employer identification number
54-1604427
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
7
BETTE BAO LORD
740 PARK AVENUE
 
NEW YORK, NY10021

$ 12,500


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
8
PETER S PRICHARD
 
86-1 COVE ROAD
 
LYME, CT06371

$ 6,300


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
9
ORAGE QUARLES III
4405 CITY OF OAKS WYND
 
RALEIGH, NC27612

$ 5,400


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
10
BARBARA BONESSA
550 N ST SW APT S301
 
WASHINGTON, DC20024

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
11
WILLIAMS & CONNOLLY LLP
 
680 MAINE AVE SW
 
WASHINGTON, DC20024

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
12
BRENT W JONES
1839 MAGNOLIA FRUIT DRIVE
 
DUMFRIES, VA22026

$ 5,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Name of organization
THE FREEDOM FORUM INC
 
Employer identification number
54-1604427
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
13
CHARLES OVERBY
332 CANTON STONE DR
 
FRANKLIN, TN37067

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
14
R DAVID EDELMAN
4112 40TH PL N
 
ARLINGTON, VA22207

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
15
MICHAEL J COLEMAN
2485 S ATLANTIC AVE APT 7
 
COCOA BEACH, FL32931

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
16
THE COMMUNITY FOUNDATION FOR THE GREATER CAPITAL REGION
 
2 TOWER PL
 
ALBANY, NY12203

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
THE FREEDOM FORUM INC
 
Employer identification number

54-1604427
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
THE FREEDOM FORUM INC
 
Employer identification number

54-1604427
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I
(b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I
(b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I
(b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I
(b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
THE FREEDOM FORUM INC
EIN:
54-1604427
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 227,752 11,388 11,388 123,841

TY 2023 GeneralExplanationAttachment
Name:
THE FREEDOM FORUM INC
EIN:
54-1604427
Identifier Return Reference Explanation
CONTROLLED ENTITY FORM 990PF, PART IV-A, LINE 11 NEWSEUM RESIDENCES, LLC EIN 20-8680315 (DISSOLVED 2023) IS A SMLLC WHOLLY OWNED BY THE FOUNDATION AND ALL ACTIVITY IS REPORTED ON THE RETURN.

TY 2023 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 279,651,121 279,651,121

TY 2023 InvestmentsGovtObligationsSch
Name:
THE FREEDOM FORUM INC
EIN:
54-1604427
US Government Securities - End of Year Book Value:

103,318,556
US Government Securities - End of Year Fair Market Value:

103,318,556
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 InvestmentsOtherSchedule2
Name:
THE FREEDOM FORUM INC
EIN:
54-1604427
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BROKERAGE: ALTERNATIVE INVESTMENTS/HEDGE FUNDS FMV 190,636,204 190,636,204

TY 2023 LegalFeesSchedule
Name:
THE FREEDOM FORUM INC
EIN:
54-1604427
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 675,108 0 0 623,940


TY 2023 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
MISCELLANEOUS ASSETS 2,967,425 3,094,896 3,094,896
DIVIDENDS RECEIVABLE 262,435 322,363 322,363
CONTRIBUTED LEASE 3,350,000 1,121,333 1,121,333
RIGHT TO USE ASSET 0 12,830,576 12,830,576


TY 2023 OtherDecreasesSchedule
Name:
THE FREEDOM FORUM INC
EIN:
54-1604427
Description Amount
CHANGE IN ADDITIONAL PENSION LIABILITY 358,436
LOSS ON CONTRIBUTED LEASE 3,183,333


TY 2023 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
EQUIPMENT EXPENSES 793,051 0 0 761,207
OFFICE EXPENSE 153,911 0 0 135,541
MARKETING EXPENSE 971,442 0 0 967,507
COPYRIGHT & LICENSE FEES 9,397 0 0 8,795
PARTNERSHIP INVESTMENT K-1 LOSS 0 22,885 22,885 0


TY 2023 OtherIncomeSchedule2
Name:
THE FREEDOM FORUM INC
EIN:
54-1604427
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 34,962 34,962 34,962


TY 2023 OtherIncreasesSchedule
Name:
THE FREEDOM FORUM INC
EIN:
54-1604427
Description Amount
UNREALIZED GAIN ON INVESTMENTS 25,761,353
TRANSFER FROM AFFILIATE, NEWSEUM RESIDENCES, LLC EIN 20-8680315 4,897,166


TY 2023 OtherLiabilitiesSchedule
Name:
THE FREEDOM FORUM INC
EIN:
54-1604427
Description Beginning of Year - Book Value End of Year - Book Value
FEDERAL EXCISE AND DEFERRED TAX 0 534,863
LEASE LIABILITY 0 13,595,946
MARGIN PAYABLE 52,016,931 26,934,171


TY 2023 OtherProfessionalFeesSchedule
Name:
THE FREEDOM FORUM INC
EIN:
54-1604427
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING FEES 2,484,640 0 0 2,408,895
INVESTMENT FEES 2,975,480 1,476,465 1,476,465 0


TY 2023 TaxesSchedule
Name:
THE FREEDOM FORUM INC
EIN:
54-1604427
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE AND DEFERRED TAXES 801,649 0 0 142,000