Overview

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Est.

2020

Latest Fiscal Year

Not available

Organization Type

Grantseeker

990s

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2025
990 file icon
2024
990 file icon
2023
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AI Summary

STUDENT FREEDOM INITIATIVE INC is a 501(c)(3) nonprofit focused on scholarships and financial aid, dedicated to ensuring freedom in professional and life choices for students attending minority serving institutions (MSIs). Based on the information provided, it operates at a $5.9M budget scale with $6M in total revenue for filing year 2025, and its listed major funders include FUND II FOUNDATION, FIRST REPUBLIC FOUNDATION, and CAPITAL ONE FOUNDATION INC.

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Mission Statement

THE STUDENT FREEDOM INITIATIVE IS A 501(C)(3) NONPROFIT ORGANIZATION DEDICATED TO ENSURING FREEDOM IN PROFESSIONAL AND LIFE CHOICES FOR STUDENTS ATTENDING MINORITY SERVING INSTITUTIONS (MSIS).

Cause Areas

1
Scholarships & Financial Aid
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Financials

2025
Revenues
$6M
Expenses
$6.8M
Net Income:
-$816.3K
Assets
$141.1M
Liabilities
$271.8K
Net Assets:
+$140.8M

Financial Trends

2025
Operating Budget
$5.9M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Top Funders

Funder
Total Funding
Funding Share
FUND II FOUNDATION
Washington, DC, US
$22M
70%
Logo for "VANGUARD CHARITABLE ENDOWMENT PROGRAM"
VANGUARD CHARITABLE ENDOWMENT PROGRAM
SOUTHEASTERN, PA, US
$5.2M
< 1%
GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC
New York, NY, US
$2.5M
< 1%

Grants Received

2024
Total No. of Grants
3
Median grant size
$10K
Largest grant received
$500K

Board & Team

M
Mark Brown
Board Member
K
Keith Shoates
Board Member
H
Henry Louis Gates
Board Member
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  • 13 funders
  • 18 board & team members
  • 6 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is STUDENT FREEDOM INITIATIVE INC’s budget?
In 2025, STUDENT FREEDOM INITIATIVE INC reported an annual operating budget of around $5.9 million. More detailed financial information is available to registered users.
What causes does STUDENT FREEDOM INITIATIVE INC support?
STUDENT FREEDOM INITIATIVE INC supports work in Scholarships & Financial Aid.
Where does STUDENT FREEDOM INITIATIVE INC operate?
STUDENT FREEDOM INITIATIVE INC is headquartered in Washington, DC.
Who funded STUDENT FREEDOM INITIATIVE INC recently?
In 2024, STUDENT FREEDOM INITIATIVE INC received grants from THE PRUDENTIAL FOUNDATION, IMPACTASSETSINC, and FUND II FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant STUDENT FREEDOM INITIATIVE INC received in 2024?
The largest grant to STUDENT FREEDOM INITIATIVE INC in 2024 exceeds $500 thousand.