#497 of 500 · Foundation / Grantmaker / DAF

Freedom Together Foundation

EIN 90-0747216 · NY · NTEE T21 · Form 990-PF, fiscal 2023

A private grantmaking foundation based in New York City. It was established in 2011 by Barbara Picower and renamed in 2024 under CEO Deepak Bhargava. One of the largest U.S. private foundations, it focuses on strengthening multiracial democracy and building power among people historically denied it. Its grantmaking spans community and worker power, democracy, gender and racial justice, faith and belonging, movement infrastructure, reproductive health, and medical research, funding grassroots organizing and social-change organizations across the United States.

Financials, fiscal 2023

Revenue

$323.9M

Expenses

$458.2M

Total assets

$2.75B

Net assets

$2.75B

Operating margin

-41.5%

1-year growth

105.0%

5-year growth (CAGR)

11.1%

Reserve (years of spending)

72.0

Contributions share

0.5%

Programme spending

n/a

Fundraising cost

n/a

Executive pay share

0.61%

Employees

n/a

Revenue per employee

n/a

Grants paid

n/a

Years filing

11

NFP Health Score: 67 / 100

Financial 48 · Governance 85 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To support people who have been denied power to build it, so they can change unjust systems and create a more democratic, inclusive, and sustainable society.

Revenue history