The Freeman Challenges are on a two-year cycle. The program will re-open in the spring of 2019. We invite you to sign up for our e-newsletter via the Subscribe button at the bottom of this page for notification of the opening of the next cycle.
For the Freeman family, philanthropy is a family affair. For three generations, family members have successfully honored the philanthropic legacy of Richard West Freeman while remaining open to new ideas and experiences to address our community’s ever-changing needs.
“We’re honoring the legacy of our grandfather Richard West Freeman who would approve of our efforts to build long-term financial stability and independence for local nonprofits.”
The rewards of an endowment are many: it signifies a major turning point in an organization’s growth and creates an aura of permanence; it conveys a ‘seal of approval’; it can contribute to the long-term stability of an organization; it can generate income long after contributions are made; and, it’s a powerful way to pursue long-term organizational goals. But, there are some risks to establishing an endowment that you should know before embarking on a campaign. Are you ready?
The rewards of a reserve or “rainy day” fund are many: it can help with the ups-and-downs of funding; it can cover unexpected dips in revenue due to an ever-changing economic landscape; and, it can provide working capital for an unplanned opportunity. It’s the safety cushion an organization knows it needs, yet far too few organizations have in place. Creating a board-restricted cash reserve policy might be right for you, but are you ready?
Applying for a Freeman Challenge is a three step process: