JPB Foundation
The JPB Foundation, now renamed the Freedom Together Foundation, is a major US private foundation founded by Barbara Picower in 2011 and headquartered in New York City. Initially funded with assets from Barbara and Jeffry Picower, it is one of the largest philanthropic grant-makers in the United States, focused on supporting organizations addressing poverty, environmental issues, and medical research. The foundation employs approximately 30–40 staff and serves nonprofits and advocacy groups working to empower disadvantaged communities and foster social justice, equity, and systemic change.
Investment Strategy
The Freedom Together Foundation's philanthropic investment strategy emphasizes systemic change and collaboration by funding both central 'hub' organizations and complementary 'network' partners. It makes large 'big bet' grants to pivotal organizations tackling issues like poverty, democracy, and social equity, while also requiring their grantees to align strategies or collaborate directly, fostering cross-organizational synergy and amplifying collective impact. The Foundation targets structural causes of disadvantage, supports grassroots leadership, and strategically invests in broad coalitions to catalyze sustainable societal transformation.
Top Holdings
Equity Positions (2)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SPY | SPDR S&P 500 ETF TR | 75.52% | $616.6M | 998,000 | $572.02 | $617.85 | -$81.5M |
R RSP | INVESCO EXCHANGE TRADED FD T | 24.48% | $199.9M | 1,100,000 | $181.74 | $181.74 | +$199.9M |