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Also known as: C/O PALMETTO MGMT
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Bessent-Freeman Family Foundation is a private corporation based in CHARLESTON, SC. The foundation received its IRS ruling in 2020. The principal officer is Lorna Smith. It holds total assets of $49K. Annual income is reported at $165K. Total assets have grown from N/A in 2019 to $45K in 2023. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in New York and South Carolina. According to available records, Bessent-Freeman Family Foundation has made 52 grants totaling $2.6M, with a median grant of $25K. Annual giving has decreased from $1.4M in 2020 to $1.1M in 2022. Individual grants have ranged from $1K to $1M, with an average award of $49K. The foundation has supported 25 unique organizations. The foundation primarily supports organizations in New York, South Carolina, Maryland, which account for 96% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$25K
Average Grant
$102K
Largest Grant
$1M
Based on 14 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Bessent-Freeman Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 52 grants. Its grantmaking reaches organizations primarily in NY, SC, MD.
Bessent-Freeman Family Foundation has distributed a total of $2.6M across 52 grants. The median grant size is $25K, with an average of $49K. Individual grants have ranged from $1K to $1M.
Bessent-Freeman Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Bessent-Freeman Family Foundation is headquartered in CHARLESTON, SC. While based in SC, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John F Freeman | PRESIDENT/DIRECTOR | $0 | $0 | N/A |
| Scott Bessent | VICE PRESIDENT/DIRECTOR | $0 | $0 | N/A |
| Christine Casali | SECRETARY | $0 | $0 | N/A |
| Lorna Smith | TREASURER | $0 | $0 | N/A |
Total Giving
$31K
Total Assets
$45K
Fair Market Value
$45K
Net Worth
$45K
Grants Paid
$28K
Contributions
$50K
Net Investment Income
N/A
Distribution Amount
$1K
Total Grants
52
Total Giving
$2.6M
Average Grant
$49K
Median Grant
$25K
Unique Recipients
25
Most Common Grant
$25K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Harlem Children'S ZoneGENERAL | New York, NY | $100K | 2022 |
| Middleton PlaceGENERAL | Charleston, SC | $100K | 2022 |
| French Huguenot ChurchGENERAL | Charleston, SC | $50K | 2022 |
| The Rockefeller UniversityGENERAL | New York, NY | $50K | 2022 |
| Fordham Preparatory SchoolGENERAL | Bronx, NY | $50K | 2022 |
| British Schools And Universities Foundation IncGENERAL | New York, NY | $50K | 2022 |
| Development Now Initiatives CorpGENERAL | New York, NY | $49K | 2022 |
| Fordham UniversityGENERAL | Bronx, NY | $25K | 2022 |
| Judith Peabody Wellness CenterGENERAL | New York, NY | $15K | 2022 |
| Center For Independence Of The Disabled NyGENERAL | New York, NY | $10K | 2022 |
| University Of MichiganGENERAL | Ann Arbor, MI | $10K | 2022 |
| American Friends Of St James Piccadilly IncTHE WREN PROJECT | Salisbury, MD | $10K | 2022 |
| St James ChurchGENERAL | Charleston, SC | $8K | 2022 |
| American Friends Of The LouvreGENERAL | New York, NY | $5K | 2022 |
| Ashley HallGENERAL | Charleston, SC | $5K | 2022 |
| Charleston Literary FestivalGENERAL | Charleston, SC | $5K | 2022 |
| The Episcopal School In The City Of New YorkGENERAL | New York, NY | $1K | 2022 |
| Cardinal Hayes High SchoolCARCATERRA FAMILY SCHOLARSHIP FUND | Bronx, NY | $1K | 2022 |
| The Spence SchoolGENERAL | New York, NY | $75K | 2020 |
| French Hugenot ChurchGENERAL | Charelston, SC | $65K | 2020 |
| Porter-Gaud FoundationGENERAL | Charelston, SC | $25K | 2020 |
| Classical American Homes Preservation TrustGENERAL | New York, NY | $25K | 2020 |
| Kids On Point IncGENERAL | Charelston, SC | $20K | 2020 |
LAKE CITY, SC
CHARLESTON, SC
COLUMBIA, SC