Since I have not found this anywhere online, here is my version.
For some reason the devs of Autodesk Maya decided to switch to VS2010 for compiling their Python interpreter, starting with Maya 2013 I believe. Non-Maya distributions are compiled with VS2008 which causes a lot of headache when you want to use certain modules in the latest Maya. One of those trouble-makers is PIL (Python Imaging Library) which I use to create slates for vfx shots. Now, you certainly don’t have to do that from within Maya, but sometimes it is nice to be able to, because the slate generation is built into some tool that you run within Maya.
For all of you, who want to use PIL in Maya 2014 with freetype support, download this and it should work. Thanks to Christian Akesson  for his version and for documenting his build process. His version lacks the freetype support which is why I could not use it and had to compile it myself. Let me know if this proves useful to you or gives you any trouble.
edit: I probably should have been clearer about this. This is for windows only. If you use a different OS you won’t be able to use the module I provide here. For the Mac users: Have a look at the comments below,- Bill provided a solution for you. Thanks for that, Bill! :)