Frost Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 3 grants totaling $102K. Net investment income was $107K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.7M
+0.3% YoY
Annual Giving
$102K
+13.3% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$34K
+13.3% YoY
Under IRS private-foundation payout rules, Frost Foundation reported a distributable amount of $120K for 2024 — the minimum it must pay out in qualifying distributions.
About Frost Foundation
Based on IRS filings
Frost Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 3 grants totaling $102K. Net investment income was $107K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,667,178 | $1,662,101 | $1,706,559 |
| Revenue | $126,688 | $65,028 | $791,937 |
| Expenses | $121,611 | $109,486 | $98,340 |
| Qualifying Distributions | $102,000 | $90,950 | $76,750 |
| Net Investment Income | $107,077 | $46,474 | $14,373 |
| Distributable Amount | $119,937 | $103,980 | $93,115 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include AIDS Foundation Houston Inc (Allies in Hope) ($35,000), The LGBT Community Center of the Desert ($35,000), Out for Education ($32,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AIDS Foundation Houston Inc (Allies in Hope) Houston, TX | General support | $35,000 |
| Out for Education Houston, TX | General support | $32,000 |
| The LGBT Community Center of the Desert Palm Springs, CA | General support | $35,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Scott Holman III | President/Director | 1 | — |
| William Lee | Vice President/Director | 1 | — |
| Roy Christian Lewis | Secretary/Treasurer/Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Frost Foundation?
Frost Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. It holds $1.7M in total assets as of 2024.
How large is Frost Foundation?
As of 2024, Frost Foundation holds $1.7M in total assets with $127K in annual revenue. It awarded 3 grants totaling $102K in 2024.
Where does Frost Foundation operate?
Frost Foundation has awarded grants in California, Texas.
What size grants does Frost Foundation award?
In 2024, Frost Foundation awarded 3 grants totaling $102K — an average of about $34K per grant, based on its IRS Form 990 filings.
How much is Frost Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Frost Foundation reported a distributable amount of $120K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Frost Foundation's EIN?
Frost Foundation's EIN (Employer Identification Number) is 76-0587800. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Frost Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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