Frost Foundation
Frost Foundation is a private foundation, 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.
Frost Foundation at a glance
In short: Frost Foundation gave $102K across 3 grants in 2024 (avg $34K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $102,000
- +13.3% vs 2023
- Grants made (2024)
- 3
- +0.0% vs 2023
- Average grant
- $34,000
- +13.3% vs 2023
- Median grant
- $35,000
- Total assets
- $1,667,178
- +0.3% vs 2023
- Primary geography
- Texas (66% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Frost Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was AIDS Foundation Houston Inc (Allies in Hope) ($35K). Together the top 3 received $102K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How Frost Foundation gives
- Giving grew 59% from 2021 to 2024. Method
- In 2024 it paid out 85% 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 2020 to 2024, annual grant giving ranged from $51K (2020) to $102K (2024). In 2024 it made 3 grants totaling $102K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| AIDS Foundation Houston Inc (Allies in Hope) Houston, TX | General support | $35,000 |
| The LGBT Community Center of the Desert Palm Springs, CA | General support | $35,000 |
| Out for Education Houston, TX | General support | $32,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,667,178 | $126,688 | $121,611 | $102,000 | 3 | $102,000 | $107,077 | $119,937 |
| 2023 | $1,662,101 | $65,028 | $109,486 | $90,000 | 3 | $90,950 | $46,474 | $103,980 |
| 2022 | $1,706,559 | $791,937 | $98,340 | $75,000 | 3 | $76,750 | $14,373 | $93,115 |
| 2021 | $1,012,962 | $173,840 | $81,445 | $64,000 | 3 | $64,000 | $156,395 | $77,127 |
| 2020 | $920,567 | $130,442 | $66,435 | $51,000 | 3 | — | $116,257 | $59,494 |
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.
Leadership & Key People
Officers and directors from IRS filings
Frost Foundation is led by Scott Holman III, President & Director on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Scott Holman III
President & Director
On filings since 2020
1 hr/week
No compensation reported
Roy Christian Lewis
Secretary, Treasurer & Director
On filings since 2020
1 hr/week
No compensation reported
William Lee
Vice President & Director
On filings since 2020
1 hr/week
No compensation reported
Former officers (2)
- Former: Shannon R Schrader MD (2020) — Director
- Former: Vernon W Frost Jr. (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "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
How much does Frost Foundation give each year?
Frost Foundation gave $102K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $90K across 3 grants.
What is Frost Foundation's typical grant size?
Frost Foundation's median grant in 2024 was $35,000, and its average grant was $34,000, across 3 grants on its 2024 IRS Form 990-PF.
Where does Frost Foundation give grants?
Frost Foundation gives mostly in Texas: 66% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was California (34%). The most frequent recipient cities were Houston, TX (2 grants).
Does Frost Foundation give general operating support?
Yes: 100% of Frost Foundation's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Frost Foundation?
Frost Foundation reported $1.7M in total assets on its 2024 IRS Form 990-PF. It paid out $102K in qualifying distributions that year, against a required minimum of $120K (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'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.
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 2020–2024
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Browse active grant opportunities in Frost Foundation's focus areas in our free grants database
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