Foundation President & CEO Highlights Charitable Investments
The Freddie Mac Foundation invests in high performing non-profits that provide housing and supportive services for low-income families at risk for homelessness, raise academic achievement levels of underserved children, and find permanent loving homes for foster children, who predominantly are children of color or with disabilities. Without these non-profits, vulnerable children and families in the nation’s capital and elsewhere would be left to make do without their most basic needs being adequately met.
In fact, a report by the Nonprofit Roundtable, underwritten by the World Bank, observed that many of our non-profit partners deliver critical services in far more cost-effective ways than public funding. An important element of our approach to philanthropic investing is that we work with grantees to develop metrics for measuring and improving their results. The return we expect is measurable human gain. And it works.
Fortunately, we’ll be able to continue to make these important community investments. Our Foundation operates with a carefully managed endowment–not stock–provided several years ago by Freddie Mac, which had the vision to create a foundation that would better the lives of vulnerable children and families. Seventeen years after its creation, the Freddie Mac Foundation stands by its approach, philosophy, and most importantly, the results of our work.