Grants are given in seven major areas. Forty percent of funding in 1998 went towards education. The fund supports various programs from colleges and universities, with continued support for historically black programs, and special schools and programs for students in Detroit, among others. Many civics grants go through local community relations committees to organizations that work for youth, safety, and minority opportunities. Funding in health and welfare goes towards extensive research and development in health care.
Public policy includes programs about labor, schools, and new market areas.
The site includes strict application guidelines for the Fund, the corporate giving program, and the corporate sponsorship program. There is also an electronic version of the annual report, a list of distributions for the last few years, and detailed descriptions on funding in five of the categories. The Freddie Mac Foundation, the principal charitable arm of Federal Home Loan Mortgage Corporation, is dedicated to helping children, youth, and families at risk. The Foundation provides funds to nonprofit organizations in the Washington, D.C., area and in cities where regional offices are located, and supports programs with a national scope. Giving areas include building strong families, developing the early child, foster care and adoption, building constituencies for children, assisting teen parents, and expanding child care.