Frost Family Foundation
The Frost Family Foundation is a private family foundation headquartered in Honolulu, Hawaii. Founded in 2010 by Karin Frost following the sale of her company Ergobaby, the foundation operates as a 501(c)(3) organization dedicated to philanthropic grantmaking. The foundation was granted tax-exempt status in January 2011.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.1M
+3.4% YoY
Annual Giving
$345K
-31.2% YoY
Grant Count
10
-16.7% YoY
Avg Grant Size
$35K
-17.4% YoY
Mission & Focus Areas
The Frost Family Foundation believes that thriving equitable relationships are at the heart of impactful philanthropy, with relationships with grantees rooted in trust.
The foundation's current funding areas include:
- Food and Agriculture
- Environmental Protection & Conservation
- Women's Leadership
- Nurturing Pre- and Post-natal Bonding and Attachment
Grantmaking
All foundation funding is unrestricted and multi-year after the first year of funding, with minimal reporting requirements as long as impact is evident. The foundation emphasizes communication and trust as the foundation of partnerships with grantees, viewing itself as colleagues with the nonprofit community.
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Hawaii, with a particular emphasis on community organizations across the state.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2023):
- Total Assets: $7.8 million
- Total Revenue: $914,000
- Total Expenses: $751,000
- Total Liabilities: $0
Assets & Revenue (2024):
- Total Assets: $8,062,228
- Total Revenue: $845,200
- Total Expenses: $578,835
Investment Strategy: The Frost Family Foundation was an early adopter of socially responsible investment strategies, partnering with Natural Investments in 2012 to build a portfolio that has consistently outperformed other market indicators while ensuring the growth of a resilient green economy.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,062,228 | $7,795,863 | $7,632,256 |
| Revenue | $845,200 | $914,354 | $1,458,840 |
| Expenses | $578,835 | $750,747 | $1,317,056 |
| Qualifying Distributions | $421,922 | $568,443 | $1,148,336 |
| Net Investment Income | $688,287 | $732,051 | $1,308,083 |
| Distributable Amount | $541,094 | $520,503 | $609,989 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
70 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Karin Frost - Founder (2010)
- Robert Frost - Trustee (Karin's father)
- Svea Frost - Trustee (Karin's mother)
- Erik Frost - Trustee (Karin's brother)
- Keala - Trustee (Karin's son)
- Ashley Lukens - Executive Director (since 2016)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KARIN A FROST | TRUSTEE | 1 | — |
| ASHLEY LUKENS | FOUNDATION M | 10 | $120,419 |
Recent News & Activity
Recent developments and announcements
The foundation maintains an active grantee portfolio and regularly updates its list of supported organizations. Recent grants have focused on environmental protection, food security, and civil engagement initiatives across Hawaii.
Civil Beat \u2014 Frost Family FoundationSubject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Total Given
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Hawaii Youth Services Network
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Assets
$637K
Grants
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Total Given
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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