NOTE: FontForge has moved to fontforge.github.io, newer binaries and sources are available at github.com/fontforge.
FontForge allows you to edit outline and bitmap fonts. You may create new ones or modify old ones. It is also a format converter and can interconvert between PostScript (ascii & binary Type1, some Type3, some Type0), TrueType, OpenType (Type2), CID, SVG
License
BSD LicenseFollow FontForge – An Outline Font Editor
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    User Reviews
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    there aren't competitors around...
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    It won't start if I block the internet connexion request. Seriously..?
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    I found the software fairly easy to use, and it's features were just what I needed. Unfortunately, it crashed after about five minutes, and would never function again after that. Therefore, it's completely useless. Sad, really.
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    Looks promising but constantly keeps crashing on Windows 7 32-bit and Windows 8.1 64-bit incl. portable version.
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    Excellent project! Reccommend everybody. Thanks!)))+1