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J Howard Pew Freedom Trust

Philadelphia, PA · EIN 23-6234671 · 501(c)(3) · Supporting organization (509(a)(3))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

J Howard Pew Freedom Trust reported $116.6 million in revenue and $37.2 million in expenses for calendar year 2024. Of every $100 it spent, $91.91 went to program services, $8.09 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 8.6% of the total. The highest compensation it reported for one person was $2,913,544 (TRUSTEE). Revenue rose 131% between 2020 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $37M

For context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $117M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 1,001 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
91.9%90.2%
Management & general
Part IX 25(C) ÷ 25(A)
8.1%6.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%1.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
Not reported$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.0%79.9%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.0%
Program service revenue share
Part VIII 2g ÷ 12
0.0%0.0%
Highest reported compensation
Part VII-A, columns D–F
$2,913,544$325,675
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
7.83%1.56%
People paid over $100,000
Part VII, line 2
03
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
285.356.6
Independent voting board members
Part VI 1a–1b
1 of 1100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$34M expenses · 100.0% of program spending · grants $34M

No description in Part III; see the filing.

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
TRUSTEE
Director/trustee, 40.00 hrs/week
$2,913,544$0$0$2,913,544

0 people received more than $100,000 in reportable compensation from J Howard Pew Freedom Trust (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.9M (Part IX, line 5).

5 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$117M$37M91.9%$885M$2,913,544
2023 ⓘ$89M$48M94.1%$823M$2,786,249
2022 ⓘ$91M$46M93.6%$763M$2,865,399
2021 ⓘ$64M$43M93.2%$676M$2,809,963
2020 ⓘ$50M$42M94.0%$619M$2,429,755

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b1 · 1 independent
  • Audited financial statements Part XII 2bNo
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aNo
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 50

Correct a figure or respond

Every number above is copied from J Howard Pew Freedom Trust's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for J Howard Pew Freedom Trust, you can publish a response that is linked from this page.

Questions people ask

How much of J Howard Pew Freedom Trust's spending goes to programs?

In calendar year 2024, J Howard Pew Freedom Trust reported that 91.9% of its $37.2 million in expenses went to program services, 8.1% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does J Howard Pew Freedom Trust pay its top executive?

The largest total compensation J Howard Pew Freedom Trust reported for one person in calendar year 2024 was $2,913,544, for the role of TRUSTEE (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does J Howard Pew Freedom Trust get its money?

Of $116.6 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is J Howard Pew Freedom Trust a registered charity?

The IRS lists EIN 23-6234671 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202533189349311288 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202443199349319369 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202333199349306458 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202223199349316792 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202133199349315998 · read the filing

All filings for EIN 23-6234671: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.