THE PETE DU PONT FREEDOM FOUNDATION LLC

As filed

Subsection

03

Classification

1000

Street

PO BOX 221

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2025

• STEPPING STONES COMMUNITY FEDERAL CREDIT UNION PARTNERSHIP: USING RESTRICTED GRANT FUNDING RECEIVED FOR THIS PURPOSE, THE FOUNDATION SUPPORTS STEPPING STONES COMMUNITY FEDERAL CREDIT UNION ("SSCFCU") AS IT INTEGRATES FINANCIAL TECHNOLOGY PROVIDERS INTENDED TO EXPAND THE DIGITAL FINANCIAL TOOLS AND RESOURCES AVAILABLE TO ITS MEMBERS. THE FOUNDATION PROVIDES FUNDING AND PROJECT SUPPORT FOR THE INTEGRATION, WHILE SSCFCU REMAINS RESPONSIBLE FOR OPERATING THE CREDIT UNION AND DELIVERING FINANCIAL SERVICES TO ITS MEMBERS.

  Expenses $325,098 · Grants $66,000

• THE EQUITABLE ENTREPRENEURIAL ECOSYSTEM (E3) SUPPORTS SMALL BUSINESS OWNERS AND ENTREPRENEURS, WITH A PARTICULAR FOCUS ON THOSE WHO HAVE HISTORICALLY FACED BARRIERS TO BUSINESS RESOURCES AND OPPORTUNITIES. THROUGH MEMBERSHIP, INDIVIDUALIZED BUSINESS ASSESSMENTS, STRATEGIC GUIDANCE, TECHNICAL ASSISTANCE, AND CONNECTIONS TO PROFESSIONAL SERVICE PROVIDERS, THE FOUNDATION HELPS ENTREPRENEURS IDENTIFY PRIORITIES, ADDRESS OPERATIONAL CHALLENGES, AND ACCESS TO EXPERTISE AND RESOURCES NEEDED TO GROW THEIR BUSINESSES. DURING 2025, THE FOUNDATION ALSO PROVIDED DIRECT SUPPORT FOR MEMBER SERVICES, INCLUDING FINANCIAL MANAGEMENT, MARKETING, STRATEGIC PLANNING, AND OTHER BUSINESS-BUILDING NEEDS.

  Expenses $270,766

• SUPPORTED BY A GRANT FROM LONGWOOD FOUNDATION, THE FOUNDATION INVESTED IN THE ORGANIZATIONAL CAPACITY NEEDED TO STRENGTHEN AND EXPAND ITS ENTREPRENEURSHIP PROGRAMS. ACTIVITIES INCLUDED STAFFING AND PROFESSIONAL SUPPORT, STRATEGIC PLANNING, MARKETING AND COMMUNICATIONS, PROGRAM DEVELOPMENT, AND IMPROVEMENTS TO THE FOUNDATION'S INTERNAL SYSTEMS AND OPERATIONS. THESE INVESTMENTS WERE INTENDED TO BUILD A STRONGER AND MORE SUSTAINABLE INFRASTRUCTURE FOR DELIVERING, EVALUATING, AND SCALING THE FOUNDATION'S WORK.

  Expenses $130,521

• THE REINVENTING DELAWARE PROGRAM SERVES AS AN ENTREPRENEURIAL INCUBATORBY PROVIDING A PLATFORM FOR INDIVIDUALS TO PRESENT IDEAS THAT WILLCREATE JOBS AND IMPROVE DELAWARE. THE PUBLIC, THE FOUNDATION'S MEMBERSAND SUPPORTERS AND THE BUSINESS COMMUNITY ARE ENCOURAGED TO SUBMITIDEAS FOR CONSIDERATION.

  Expenses $108,431

• THE PETE DU PONT FREEDOM AWARD IS PRESENTED ANNUALLY TO AN INDIVIDUAL OR ORGANIZATION WHO HAS CHAMPIONED A SUCCESSFUL IDEA WHICH HAS LED TO ECONOMIC GROWTH OR BROUGHT INNOVATION TO THE PRIVATE SECTOR.

  Expenses $24,069 · Revenue $3,648

• HBCU INNOVATIVE SOLUTIONS INITIATIVE - THE FOUNDATION PARTNERED WITHTHE BANK OF AMERICA AND DELAWARE STATE UNIVERSITY TO INTEGRATE THEIRREINVENTING PROGRAM AND PROCESS INTO THE 13TH ANNUAL PHILANTHROPYSYMPOSIUM, WHICH HOSTS OVER 30 HBCU REPRESENTATIVES FROM ACROSS THECOUNTRY. A $100,000 GRANT WAS RECEIVED IN 2022 TO LAUNCH THEINITIATIVE IN JULY 2023. A COMMITTEE HELD A MEETING TO REVIEW ALL OFTHE IDEA PROPOSALS SUBMITTED FOR THE INITIATIVE AND SELECTED NINE TOMOVE FORWARD TO THE FIRST PHASE OF THE PROCESS TO RECEIVE IN-KINDCONSULTING SUPPORT VALUED AT UP TO $5,000 PER PROPOSAL. THE COMMITTEERECONVENES TO SELECT FOUR FINALISTS WHO WILL RECEIVE AN ADDITIONALSUITE OF IN-KIND SUPPORT VALUED AT UP TO $20,000 EACH. FINALLY THECOMMITTEE WILL SELECT ONE WINNER TO RECEIVE A $10,000 CASH GRANT TOCONTINUE TO MOVE THE IDEA FORWARD. THE WINNER WILL BE ANNOUNCED AT THE14TH ANNUAL PHILANTHROPY SYMPOSIUM.

  Expenses $37,750

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. Earlier years are each on their own filing page.

Filings

• 2025

  Revenue

  $883,757

  Expenses

  $1,319,912

  Contributions

  $837,714

  Grants paid

  $66,000

• 2024

  Revenue

  $1,795,688

  Expenses

  $973,693

  Contributions

  $1,743,151

  Grants paid

  $375,000

• 2023

  Revenue

  $896,007

  Expenses

  $1,096,070

  Contributions

  $888,946

  Grants paid

  $0

• 2022

  Revenue

  $384,828

  Expenses

  $437,966

  Contributions

  $590,235

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $555,982

  Expenses

  $613,259

  Assets (EOY)

  $738,832

• 2020 · 990

  Revenue

  $254,009

  Expenses

  $326,599

  Assets (EOY)

  $485,921

• 2019 · 990

  Revenue

  $566,411

  Expenses

  $291,057

  Assets (EOY)

  $538,669

• 2018 · 990

  Revenue

  $174,730

  Expenses

  $157,516

  Assets (EOY)

  $247,886

• 2017 · 990

  Revenue

  $269,154

  Expenses

  $38,482

  Assets (EOY)

  $230,672

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

• STEPPING STONES FEDERAL CREDIT UNION

  $375,000

  2024 · MISSION SUPPORT

• STEPPING STONES COMMUNITY FCU

  $66,000

  2025 · MISSION SUPPORT

Where these grants went next →

Grants received

• RAYMOND JAMES CHARITABLE ENDOWMENT FUND

  $15,000

  2023 · GENERAL SUPPORT

• WILMINGTON UNIVERSITY INC

  $6,000

  2023 · SPONSORSHIP

Other IRS files