Frost Foundation Inc
Frost Foundation Inc is a private foundation, based in Duluth, GA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $4.2M in total assets. In 2025, it awarded 4 grants totaling $250K. Net investment income was $166K.
Frost Foundation Inc at a glance
In short: Frost Foundation Inc gave $250K across 4 grants in 2025 (avg $63K), mostly in Georgia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $250,000
- +0.0% vs 2024
- Grants made (2025)
- 4
- +100.0% vs 2024
- Average grant
- $62,500
- -50.0% vs 2024
- Median grant
- $32,500
- Total assets
- $4,150,558
- -2.1% vs 2024
- Primary geography
- Georgia (96% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Frost Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was First Baptist Church Gainesville ($175K). Together the top 4 received $250K.
Grant Size Distribution
37 grants across all recorded years
The most common grant size was under $50K: 28 grants of 37 (76%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How Frost Foundation Inc gives
- Giving grew 92% from 2022 to 2025. Method
- In 2025 it paid out 97% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $130K (2022) to $333K (2021). In 2025 it made 4 grants totaling $250K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| First Baptist Church Gainesville Gainesville, GA | Unrestricted | $175,000 |
| North Ga Community Foundation Gainesville, GA | Unrestricted | $50,000 |
| Smoke Rise Baptist Church Stone Mountain, GA | Unrestricted | $15,000 |
| Samaritan's Purse Boone, NC | Unrestricted | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $4,150,558 | $223,822 | $311,741 | $250,000 | 4 | $253,551 | $166,286 | $260,442 |
| 2024 | $4,238,477 | $57,886 | $308,891 | $250,000 | 2 | $252,622 | $44,378 | $241,611 |
| 2023 | $4,489,328 | $3,420,359 | $300,978 | $250,000 | 23 | $254,907 | $53,523 | $195,513 |
| 2022 | $1,370,190 | $306,618 | $145,523 | $130,000 | 3 | $132,050 | $293,417 | $71,025 |
| 2021 | $1,209,095 | $292,078 | $358,862 | $333,000 | 5 | — | $19,597 | $76,495 |
Under IRS private-foundation payout rules, Frost Foundation Inc reported a distributable amount of $260K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Frost Foundation Inc is led by Janice Frost, CEO on every filing since 2021; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Janice Frost
CEO
On filings since 2021
No compensation reported
Thomas Raines
CFO & Secretary
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Frost Foundation Inc
How much does Frost Foundation Inc give each year?
Frost Foundation Inc gave $250K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $250K across 2 grants.
What is Frost Foundation Inc's typical grant size?
Frost Foundation Inc's median grant in 2025 was $32,500, and its average grant was $62,500, across 4 grants on its 2025 IRS Form 990-PF.
Where does Frost Foundation Inc give grants?
Frost Foundation Inc gives mostly in Georgia: 96% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Gainesville, GA (2 grants).
Does Frost Foundation Inc give general operating support?
Yes: 100% of Frost Foundation Inc's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Frost Foundation Inc?
Frost Foundation Inc reported $4.2M in total assets on its 2025 IRS Form 990-PF. It paid out $254K in qualifying distributions that year, against a required minimum of $260K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Frost Foundation Inc's EIN?
Frost Foundation Inc's EIN (Employer Identification Number) is 31-1494564. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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