An Act of Congress of 6 June 1940 authorized the Secretary of the Navy to accept without expense to the Government the 88-foot 2-masted schooner Freedom and her equipment as a gift to the Naval Academy from her owner J. Sterling Morton, nephew of former Secretary of the Navy Paul Morton. She had been designed by John G. Alden and built at Milwaukee, Wisconsin. The yacht was delivered to the Navy on September 10, 1940 at the shipyard of Henry B. Nevins, Inc., City Island, Bronx and arrived at the Naval Academy two days later. On 24 October 1940 the Chief of Naval Operations assigned her the class designation "Unclassified" and directed that her name be retained. On 8 January 1941 the Secretary of the Navy approved the adoption by the BuShips of the symbol IX, already in use in the Navy Filing Manual, for vessels designated "Unclassified," and BuShips assigned her the hull designation IX-43.
Freedomproved to be an excellent boat for ocean cruising and for teaching midshipmen how to handle a large sailing rig. She was sold in 1968, following the investigation of the faltering sailing program at the Naval Academy by the Fales Committee in the mid-1960s.
Purchased by the Harry Lundeberg School of Seamanship in Annapolis, Md., she became the miscellaneous function (training) vessel Freedom and was still in service in 1972.