Freedom Financial Network, Freedom Debt Relief Buck Trend with Record Level of Charitable Donations

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CEO urges businesses to help in local communities

As the economy has continued to decline, consumers are not the only ones feeling the pinch. Nonprofit organizations are struggling this year as they try to help the least fortunate among us.

But at a time when nearly three quarters of America's large corporations expect donations to charity to remain flat or decrease this year, Freedom Financial Network, LLC, is taking the opposite direction with record levels of charitable contributions during the holiday season.

"Our company's foundation is based upon helping others," says Brad Stroh, co-founder and co-CEO of Freedom Financial Network, which provides debt resolution services and personal finance resources through debt and tax relief programs offered by its Freedom Debt Relief and Freedom Tax Relief subsidiaries. "This is an important time, with the tough economy, to reach and give just a little bit more."

Employees at the company's three offices are teaming with several local organizations to help some of those individuals hardest hit by the recession.

San Mateo, Calif.

  •     Second Harvest Food Bank of Santa Clara and San Mateo Counties -- Collecting food donations; the company will also make a cash donation. To date, employees have donated 3,139 pounds of food.
  •     The Family Giving Tree -- Fifty employees will be volunteering this holiday season at the Milpitas-based organization, the largest gift and backpack donation program in California.

Tempe, Ariz.

  •     Salvation Army Toys for Tots -- Collecting donations of new toys; to date, employees have brought in more than 100 toys.
  •     Goodwill -- Collecting donations of clothing and household items.
  •     St. Mary's Food Bank -- Collecting food donations; the company will also make a cash donation.


  •     Salvation Army -- Collecting donations of gently used clothing; to date, employees have filled a 48-square-foot bin.
  •     Sacramento Food Bank -- Collecting food donations; to date, employees have amassed 1,800 pounds.

While the company has always helped community organizations, says Stroh, "this year, we are making a special effort to help those afflicted by the economy. Our employees are going over the top to make a difference in others' lives." Stroh urges other companies to look in their local communities and see how they can help. "Giving this way is one of the best holiday traditions around. We are extremely proud of everyone on our 500-person team who has contributed in the communities in which we operate."

About Freedom Financial Network (
Freedom Financial Network, LLC, provides consumer debt resolution services through its Freedom Debt Relief and Freedom Tax Relief subsidiaries, served through its free consumer finance portal, Working for the consumer to negotiate with creditors and lower principal balances due, the company has served more than 50,000 clients since 2002. In the last month alone, Freedom Financial has resolved more than 3,500 cases for clients, representing accounts worth more than $20 million.

Based in San Mateo, Calif., Freedom Financial Network also operates offices in Sacramento and Tempe, Ariz. The company, with 500 employees, was voted one of the best places to work in both the San Francisco Bay Area and the Phoenix area in 2008. Company co-founders and co-CEOs Andrew Housser and Brad Stroh were named to the Silicon Valley/San Jose Business Journal's "40 Under 40" list in 2008, and are recipients of the Northern California Ernst & Young 2008 Entrepreneur of the Year Award.


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Aimee Bennett
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