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August 01, 2015 4:34 PM ET

Diversified Financial Services

Company Overview of Freddie Mac Foundation

Company Overview

Freddie Mac Foundation is a charitable organization that supports and promotes children, youth, and their families living in the Metropolitan Washington area. The organization's community action policies focus on strengthening families, youth development, and foster care and adoption. Its Corporate Giving program provides funding to support programs in early childhood education and school-age education. Freddie Mac Foundation was founded in 1991 and is based in McLean, Virginia.

8250 Jones Branch Drive

Mailstop A40

McLean, VA 22102

United States

Founded in 1991

Phone:

703-918-8888

Fax:

703-918-8895

Key Executives for Freddie Mac Foundation

Chief Executive Officer, President, Director
Compensation as of Fiscal Year 2015.

Freddie Mac Foundation Key Developments

Freddie Mac Announces Earnings Results for the First Quarter of 2015

Freddie Mac announced earnings results for the first quarter of 2015. For the quarter, the company reported a net income of $524 million, and comprehensive income of $746 million for the same period.

Freddie Mac Announces Earnings Results for the Third Quarter of 2014

Freddie Mac announced earnings results for the third quarter of 2014. For the quarter, the company posted net income of $2.1 billion far smaller than the $30.5 billion it earned in the third quarter of 2013. But the year-earlier amount reflected an accounting move that allowed Freddie to capitalize on tax benefits it had saved up from its losses on mortgages during the financial crisis. Earnings can fluctuate widely due to changes in interest rates and home prices.

Freddie Mac Foundation Reports Earnings Results for the Fourth Quarter and Year Ended December 2013

Freddie Mac Foundation reported earnings results for the fourth quarter and year ended December 2013. For the quarter, the company reported net income of $8.6 billion. Profit reported nearly doubled from earnings of $4.5 billion in the last three months of 2012. Earnings were boosted by the continued rise in home prices, which reduced the amounts the company had to set aside to cover losses on mortgages. Profit reported nearly doubled from earnings of $4.5 billion in the last three months of 2012. For the full year, the company reported profit of $48.7 billion benefited from the increase in home prices as well as the company having capitalized on the tax benefits of the sour loans it absorbed during the crisis. The 2013 earnings rose sharply from $11 billion in 2012.

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