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The Freedom Fund
The Freedom Fund reported $19.7 million in revenue and $22.8 million in expenses for calendar year 2024. Of every $100 it spent, $77.37 went to program services, $11.65 to management and general costs and $10.98 to fundraising. Its largest source of revenue was contributions and grants: 90.6% of the total. Government grants made up 22.5%. The highest compensation it reported for one person was $350,201 (CEO/PRESIDENT). 10 people received more than $100,000 in reportable compensation. Revenue rose 20% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $23MFor 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 $20MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 77.4% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.6% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 11.0% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.14 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 90.6% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 22.5% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $350,201 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.54% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 10 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 19.2 | 56.6 |
| Independent voting board members Part VI 1a–1b | 7 of 7 | 100.0% |
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 expenseHotspots projects: the Freedom Fund has selected key geographic areas known to have a high incidence of modern slavery, where our interventions are most likely to result in a measurable reduction in slavery. In our hotspot projects, we invest in a range of community-based organizations to enable them to protect those at risk of slavery, rescue and rehabilitate those enslaved, and prosecute those responsible. These hotspot projects encourage cooperation between local grassroots organizations and ensure an integrated, cross-disciplinary approach
Movement building: organizations around the world are doing exceptional work to eradicate slavery but, too often, these efforts are fragmented and underfunded. We aim to build a global community of activists, experts and donors by providing the platform, knowledge, and tools for them to connect and work together more effectively over a sustained period. We use our global leadership role, and the credibility conferred by the backing of our founders, to bring actors together and encourage greater collaboration and coordination
Global initiatives: our sector initiatives coordinate actors and resources around a slavery-specific issue, including sectors, industries, or circumstances. This allows the Freedom Fund to tackle systemic issues like slavery in fishing or cross-border migration with new technological tools or legal initiatives. It facilitates a collaborative approach and greater combined impact. The Freedom Fund provides a channel through which those with funds, knowledge, or influence can impact international organizations, governments, media and the corporate sector to speed action
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO/PRESIDENT Officer, 40.00 hrs/week | $272,475 | $0 | $77,726 | $350,201 |
| MANAGING DIRECTOR OF NORTH AMERICA Key employee, 40.00 hrs/week | $202,358 | $0 | $31,466 | $233,824 |
| SENIOR STRATEGIC PARTNERSHIPS MANAGER Highest compensated employee, 40.00 hrs/week | $106,762 | $0 | $50,448 | $157,210 |
| MANAGING DIRECTOR OF PROGRAMS Highest compensated employee, 40.00 hrs/week | $139,011 | $0 | $13,947 | $152,958 |
| SENIOR ADVISER TO THE CEO Highest compensated employee, 40.00 hrs/week | $126,047 | $0 | $25,302 | $151,349 |
| DIR. OF FINANCE/SECRETARY Officer, 40.00 hrs/week | $135,806 | $0 | $13,593 | $149,399 |
| DIRECTOR OF PROGRAMS Highest compensated employee, 40.00 hrs/week | $116,927 | $0 | $11,707 | $128,634 |
| HEAD OF RESEARCH AND EVALUATION Highest compensated employee, 40.00 hrs/week | $107,697 | $0 | $10,592 | $118,289 |
10 people received more than $100,000 in reportable compensation from The Freedom Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $733K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance 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–1b7 · 7 independent
- Audited financial statements Part XII 2bYes
- 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 15aYes
- 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 510
- Volunteers Part I, line 67
Private foundation grants it received
3 private foundations reported grants to The Freedom Fund totaling $880K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Freedom Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Freedom Fund, you can publish a response that is linked from this page.
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Of every $100 The Freedom Fund spent in 2024, $77.37 went to programs. The full breakdown, from its IRS Form 990:
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All philanthropy, voluntarism & grantmaking charities · Largest charities in New York
Questions people ask
How much of The Freedom Fund's spending goes to programs?
In calendar year 2024, The Freedom Fund reported that 77.4% of its $22.8 million in expenses went to program services, 11.6% to management and general and 11.0% to fundraising (Form 990, Part IX).
How much does The Freedom Fund pay its top executive?
The largest total compensation The Freedom Fund reported for one person in calendar year 2024 was $350,201, for the role of CEO/PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Freedom Fund get its money?
Of $19.7 million in revenue in calendar year 2024, 90.6% came from contributions and grants (including 22.5% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is The Freedom Fund a registered charity?
The IRS lists EIN 30-0805768 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 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 202523109349302052 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433029349302318 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303039349300725 · read the filing
- 2021: Form 990 for calendar year 2021, object 202242979349301089 · read the filing
- 2020: Form 990 for calendar year 2020, object 202112989349301901 · read the filing
- 2019: Form 990 for calendar year 2019, object 202012959349301321 · read the filing
All filings for EIN 30-0805768: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.