Don & Lorraine Freeberg Foundation
- Assets
- $66.4m
- Revenue
- $4.6m
- Investments
- $65.9m
- Employees
- 0
- Location
- Glendale, CA
- Founding
- 04/1991
- Data as of
- 03/2023
- EIN
- 95-4307817
Organization Overview
Don & Lorraine Freeberg Foundation is located in Glendale, CA. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Don & Lorraine Freeberg Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2023, Don & Lorraine Freeberg Foundation generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $5.1m during the year ending 03/2023. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Don & Lorraine Freeberg Foundation has awarded 252 individual grants totaling $33,977,200. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Brown Secretary | 1 | $2,000 | |
Daniel Freeberg Chairman | 2 | $8,000 | |
Lorraine Freeberg Director | 1 | $8,000 | |
Dirk Heim Director | 1 | $4,000 | |
Daniel Kaplan Director | 1 | $8,000 | |
Amanda Donovan Executive Director | 10 | $8,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $36 |
| Dividends & Interest | $2,300,802 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,286,314 |
| Capital Gain Net Income | $2,286,314 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,587,152 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $42,000 |
| Other employee salaries and wages | $31,888 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $64,455 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,283 |
| Printing and publications | $0 |
| Other expenses | $35,598 |
| Total operating and administrative expenses | $177,224 |
| Contributions, gifts, grants paid | $4,902,831 |
| Total expenses and disbursements | $5,080,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $593,715 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $66,446,848 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Don & Lorraine Freeberg Foundation has awarded $4,902,831 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: CHARITABLE ACTIVITIES | $150,000 |
ARMED SERVICES YMCA SAN DIEGO PURPOSE: CHARITABLE ACTIVITIES | $97,540 |
BABY DJ PURPOSE: CHARITABLE ACTIVITIES | $5,000 |
BOY SCOUTS WESTERN LA COUNTY COUNCIL PURPOSE: CHARITABLE ACTIVITIES | $285,000 |
BOYS AND GIRLS CLUB OF BURBANK AND GREATER EAST VALLEY PURPOSE: CHARITABLE ACTIVITIES | $60,000 |
BRAILLE INSTITUTE PURPOSE: CHARITABLE ACTIVITIES | $250,000 |