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Freeman Foundation

Profile

Last Updated: 2016-08-05

At A Glance

Freeman Foundation

P.O. Box 5016

New York City, NY United States 10185-5016

Telephone: (212) 549-5270

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Family foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $369,533,993

Total giving: $15,111,121

EIN

132965090

Additional Contact Information

Application Address: 1601 East West Road, Honolulu, HI, 96848, Application address: 499 Taber Hill Rd., Stowe, VT 05672

Background

Established in 1978 in VT - In 1919 Mansfield Freeman, with his wife Mary, took a teaching position at Tsinghua University in Beijing, China. After four years, Mansfield left the Tsinghua faculty to help found the company that would later be known as American International Group (AIG). In 1978, retired from his career at AIG, Mansfield placed a significant portion of his assets in a trust that was to fund a philanthropic foundation upon his death. Its primary mission, he wrote, would be "to strengthen the bonds of friendship between this country and those of the Far East; to develop a greater appreciation of Oriental cultures in this country and a better understanding of American institutions in and purposes on the part of the peoples of East Asia, and to stimulate an exchange of ideas in economic and cultural fields which will help create mutual understanding and thus lessen the danger of such frictions and disagreements as lead to war." Furthermore, as a child, Mansfield had spent many summers in Vermont where his family had established deep roots, and later made his home there. The mission he set forth for his foundation had a second thrust -- the preservation and protection of Vermont's forests, farmlands, waterways, and natural resources. In 1993, a year after Mansfield's death, his family carried out his wishes, and the Freeman Foundation was established, with offices in Stowe, Vermont, and New York City. Later Honolulu was added.

Purpose and Activities

Support primarily for the promotion of international understanding, farmland preservation projects in the state of VT and special projects in HI.

Fields of Interest

Subjects
  • Education
  • Goodwill promotion
  • Higher education
  • International studies
  • Natural resources
  • University education
International Interests
  • Asia
Population Groups
  • Academics
  • Students

Financial Data

Year ended 2014-12-31

Assets: $369,533,993 (market value)

Expenditures: $18,577,311

Total giving: $15,111,121

Qualifying distributions: $15,987,663