FOR IMMEDIATE RELEASE

February 7, 2005
CONTACT: corprel@freddiemac.com
or phone (703) 903-4384

FREDDIE MAC FOUNDATION BOARD ELECTS RALPH F. BOYD, JR. CHAIRMAN
Distinguished Attorney and Community Leader to Head Region’s Largest Philanthropic Program

McLean, VA – The Freddie Mac Foundation board of directors elected Ralph F. Boyd, Jr. to be chairman of the Foundation's board. Boyd also continues as a Freddie Mac senior corporate officer in the role of executive vice president of Community Relations, responsible for all philanthropic efforts, including corporate giving and employee volunteerism. Boyd replaces Freddie Mac Chairman and CEO Richard F. Syron, who remains on the Foundation board but resigned as its chair to focus more attention on key legislative and business issues facing the company, including working with the Administration and Congress to achieve regulatory oversight legislation that strengthens market confidence and promotes the company’s mission.

“Corporate America must lead by example, including by investing in the communities where we live and work. At Freddie Mac, the Freddie Mac Foundation is a major way we invest in our community. That’s why I am pleased that a leader of Ralph’s caliber will head this organization. He has the right combination of integrity, strategic focus, community awareness and external relationship skills to lead the Foundation to continued future success,” said Syron.

“Throughout my professional life and my volunteer work, I have always sought work that helps improve people’s lives. I am truly honored at the prospect of leading the Freddie Mac Foundation on its important journey. I look forward to working with Maxine Baker and the Foundation’s talented staff to better the lives of children and families,” explained Boyd.

Boyd takes charge of the largest philanthropic program in the Washington, DC region. Anchored by the Freddie Mac Foundation, the program has invested more than $256 million over the past 14 years in the communities and bettered the lives of 1.7 million children and their families. The Foundation alone has given nearly $165 million since its inception in 1991 and is focused on strengthening families by preventing child abuse and neglect, finding homes for foster children, and developing youth.

Boyd started at Freddie Mac as executive vice president and general counsel. In addition to supervising the company’s legal operations, he also oversaw regulatory relations and legislative activities at the federal, state and local levels and the company’s internal and external communications functions. He is credited with making significant advances in each of these areas, including improving controls and operations and successfully recruiting Timothy McBride as the new head of the government relations’ function.

Prior to Freddie Mac, Boyd was a senior partner with the law firm Alston & Bird LLP, leading its Washington, DC litigation practice. Before that, Boyd was assistant attorney general of the United States and head of the Justice Department’s Civil Rights Division. From 1998 to 2001, Boyd was a trial partner with Goodwin Procter LLP in Boston, and before that, he served for six years as an assistant U.S. attorney in the Criminal Division of the U.S. Attorney’s office in Boston. He also was an associate at Ropes & Gray in Boston and served as a law clerk for U.S. District Court Judge Joseph Young in the District of Maryland.

Boyd has a long history of involvement in the community and has a particular interest in working with children and young people. In fact, he and his wife have been foster parents, and two of their five children are adopted. He also has served on non-profit boards and foundations, and participated in numerous community and youth outreach organizations, including the YMCA, the Ten Point Coalition, the Louis Brown Foundation, Citizen Schools, the Boston Cease Fire Group, and the Mayor’s Anti-Crime Council of Boston. Further, he has received numerous awards for his community service.

Boyd received a law degree from Harvard Law School, where he was president of the Harvard Defenders and editor of the Civil Rights Civil Liberties Law Review. He also received a B.A. degree from Haverford College and an honorary Doctor of Law degree from Suffolk University. Boyd currently serves on the board of directors and Audit Committee of the DIRECTV Group, Inc. Since January of 2004, Boyd also has served as the U.S. representative to the United Nations Human Rights Commission’s Committee on the Elimination of Racial Discrimination.

Created by Freddie Mac in 1991, the Freddie Mac Foundation is dedicated to opening the doors to hope and opportunity for children and their families. As the largest corporate funder in the Washington, DC metropolitan area, Freddie Mac and the Freddie Mac Foundation have invested more than $256 million in organizations serving the community.