Top 50 Corporate Giver

Federal Home Loan Mortgage Corp-Freddie Mac (FRE)

freddiemac.com

Contact:

Monica Perez

Foundation program:

Freddie Mac Foundation
 % of giving is through foundation

Signature program:

We have three--see below.
Corporate Giving's signature program is Freddie Mac's Hoops for the Homeless--a three-on-three basketball tournament that raises funds to alleviate homelessness among families in the Washington, D.C. region. The Freddie Mac Foundation has two signature programs--Wednesday's Child, a televised adoption program running in five key markets that helps foster children find permanent, loving homes, and J.C. Nalle Community School. Since 1992, the Foundation has invested over $3 million to help transform J.C. Nalle Elementary School in southeast D.C. into a full-service community school offering a range of services that children and families need.


 Donations
2004 cash donations $ 34,000,000
As pct. of revenue 0.1 %
As pct. of earnings 0.9 %
Change since 2003 -33.9 %
Change since 2002 0 %

2004 in-kind donations 
As pct. of revenue 0 %
As pct. of earnings 0 %
Change since 2003 0 %
Change since 2002 0 %

Projected increase/decrease no change

 Favored Issues
  arts   education   community development   health care   international
  Arts   Edu   Comm   Health   Intl

   Other / specifics:   Anti-poverty
Civic leadership
Youth
Child abuse prevention
Finding homes for foster children
Youth development
Transitional housing for families


 Major Objectives

By financing homes, Freddie Mac improves the quality of life for families and their children. At the same time, we want these homes to be healthy homes in strong communities for families and children. That's where the work of Freddie Mac's extensive philanthropic program comes in. As one of the largest corporate funders in metropolitan Washington, D.C., Freddie Mac has invested nearly $250 million over the past 14 years to strengthen families and communities through our corporate giving program and the Freddie Mac Foundation. Freddie Mac's corporate giving program supports housing, partnerships, and civic programs that strengthen the communities where we live and work. Much of the company's giving supports initiatives designed to accelerate growth in homeownership among low-income and minority families. The Freddie Mac Foundation works to open doors to hope and opportunity for children and their families. The Foundation supports programs that prevent child abuse and neglect, find homes for foster children, and develop youth. To date, the Foundation has bettered the lives of more than 1.5 million children.