Frost Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$4.2M
-2.1% YoY
Annual Giving
$250K
+0.0% YoY
Grant Count
4
+100.0% YoY
Avg Grant Size
$63K
-50.0% YoY
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.
About Frost Foundation Inc
Based on IRS filings
Frost Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
Ready to take the next step with Frost Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $4,150,558 | $4,238,477 | $4,489,328 |
| Revenue | $223,822 | $57,886 | $3,420,359 |
| Expenses | $311,741 | $308,891 | $300,978 |
| Qualifying Distributions | $253,551 | $252,622 | $254,907 |
| Net Investment Income | $166,286 | $44,378 | $53,523 |
| Distributable Amount | $260,442 | $241,611 | $195,513 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
Grant Size Distribution
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include First Baptist Church Gainesville ($175,000), North Ga Community Foundation ($50,000), Smoke Rise Baptist Church ($15,000).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JANICE FROST | CEO | — | — |
| THOMAS RAINES | CFO & SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Frost Foundation Inc?
Frost Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DULUTH, GA. It holds $4.2M in total assets as of 2025.
How large is Frost Foundation Inc?
As of 2025, Frost Foundation Inc holds $4.2M in total assets with $224K in annual revenue. It awarded 4 grants totaling $250K in 2025.
Where does Frost Foundation Inc operate?
Frost Foundation Inc has awarded grants in Georgia, North Carolina, New Jersey, Tennessee.
What size grants does Frost Foundation Inc award?
In 2025, Frost Foundation Inc awarded 4 grants totaling $250K — an average of about $63K per grant, based on its IRS Form 990 filings.
How much is Frost Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Frost Foundation Inc reported a distributable amount of $260K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Frost Foundation Inc's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
The O Wayne Rollins Foundation
ATLANTA, GA
Assets
$432.0M
Grants
29
Total Given
$39.5M
Rhedcloud Foundation Inc
DECATUR, GA
Assets
$6K
Grants
1
Total Given
$13K
Atlanta Committee for Progress Inc
ATLANTA, GA
Assets
$2.1M
Grants
1
Total Given
$15K
Atlanta Postal Credit Union
ATLANTA, GA
Assets
$2.4B
Grants
4
Total Given
$308K
Justice for Children Foundation Inc
SAVANNAH, GA
Assets
$24K
Grants
0
Total Given
—
Southeast Area Blood Bankers
PEACHTREE CITY, GA
Assets
$33K
Grants
0
Total Given
—
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Frost Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Frost Foundation Inc to a real strategy.