Frost Memorial Fund Inc
Frost Memorial Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Rhinebeck, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $8.8M in total assets. In 2025, it awarded 14 grants totaling $346K. Net investment income was $755K.
Key facts about Frost Memorial Fund Inc
In short: Frost Memorial Fund Inc gave $346K across 14 grants in 2025 (avg $25K), mostly in New York. 21% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 14-1803911
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $346,488
- Grants made (2025)
- 14
- Average grant
- $24,749
- Median grant
- $14,550
- New grantees (estimate)
- 21% first-time grantees (3 of 14, 2025)
- Total assets
- $8,846,815
- Primary geography
- New York (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$8.8M
+49.5% YoY
Annual Giving
$346K
+16.8% YoY
Grant Count
14
-12.5% YoY
Avg Grant Size
$25K
+33.4% YoY
Under IRS private-foundation payout rules, Frost Memorial Fund Inc reported a distributable amount of $399K for 2025 — the minimum it must pay out in qualifying distributions.
Is Frost Memorial Fund Inc open to new grantees?
21%
first-time grantees, 2025
In 2025, 3 of 14 grantees (21%) were first-time recipients. First grants averaged $49K; repeat grants $18K. How we count
Medians: $50K first-time, $11K repeat.
- 71% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−5%). Method
- In 2025 it paid out 93% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Open Grants
1 open opportunity from Frost Memorial Fund Inc
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 14 itemized 2025 grant dollars.
States
Cities
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 2025
Grant Size Distribution
74 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| NORTHERN DUTCHESS DAY CARE CENTER Rhinebeck, NY | SUPPORT ORGANIZATIONAL NEEDS | $75,000 |
| THE SOUTHLANDS FOUNDATIONS Rhinebeck, NY | SUPPORT ORGANIZATIONAL NEEDS | $70,700 |
| NORTHERN DUTCHESS HOSPITAL Rhinebeck, NY | SUPPORT ORGANIZATONAL NEEDS | $50,000 |
| CHURCH OF THE MESSIAH Rhinebeck, NY | SUPPORT ORGANIZATIONAL NEEDS | $34,100 |
| VILLAGE OF RHINEBECK POLICE DEPT Rhinebeck, NY | SUPPORT ORGANIZATIONAL NEEDS | $26,588 |
| UPSTATE FILMS INC Rhinebeck, NY | SUPPORT ORGANIZATIONAL NEEDS | $20,000 |
| RHINEBECK HISTORIC SOCIETY Rhinebeck, NY | SUPPORT ORGANIZATIONAL NEEDS | $15,000 |
| RHINEBECK REFORMED CHURCH Rhinebeck, NY | SUPPORT ORGANIZATIONAL NEEDS | $14,100 |
| CULTURE CONNECT Rhinebeck, NY | SUPPORT ORGANIZATIONAL NEEDS | $11,000 |
| CHURCH OF THE GOOD SHEPHARD Rhinebeck, NY | SUPPORT ORGANIZATIONAL NEEDS | $6,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $8,846,815 | $5,916,247 | $5,752,790 |
| Revenue | $812,632 | $583,758 | $480,123 |
| Expenses | $472,714 | $418,337 | $384,895 |
| Qualifying Distributions | $372,132 | $321,832 | $322,970 |
| Net Investment Income | $755,192 | $530,018 | $422,376 |
| Distributable Amount | $399,006 | $368,674 | $340,927 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 6, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 6, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
Leadership & Key People
Officers and directors from IRS filings
Frost Memorial Fund Inc is led by Christopher Chestney, President since 2023 (on filings since 2020); all 5 officers listed in 2025 are compensated.
Officers on the 2025 filing
Christopher Chestney
President
Trustee → President, 2023
On filings since 2020
2 hrs/week
$4K (2020) → $6K (2025)
Louis Tumolo Jr.
Trustee
On filings since 2020
2 hrs/week
$4K (2020) → $6K (2025)
Elizabeth M. Wolf
Vice President
President → Vice President, 2023
On filings since 2020
2 hrs/week
$4K (2020) → $6K (2025)
Lewis Ruge
Treasurer
On filings since 2020
2 hrs/week
$4K (2020) → $6K (2025)
Vincent L. Teahan
Secretary
Vice President & Secretary → Secretary, 2023
On filings since 2020
2 hrs/week
$4K (2020) → $6K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
Frequently asked questions about Frost Memorial Fund Inc
How much does Frost Memorial Fund Inc give each year?
Frost Memorial Fund Inc gave $346K across 14 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $297K across 16 grants.
What is Frost Memorial Fund Inc's typical grant size?
Frost Memorial Fund Inc's median grant in 2025 was $14,550, and its average grant was $24,749, across 14 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Frost Memorial Fund Inc that year got $49K on average.
Where does Frost Memorial Fund Inc give grants?
Frost Memorial Fund Inc gives mostly in New York: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Rhinebeck, NY (14 grants).
Does Frost Memorial Fund Inc give general operating support?
Not in 2025: none of the 14 grants with a stated purpose on Frost Memorial Fund Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Support Organizational Needs" (13 grants).
Who are Frost Memorial Fund Inc's largest grantees?
Frost Memorial Fund Inc's largest 2025 grantees include Northern Dutchess Day Care Center ($75,000), The Southlands Foundations ($70,700) and Northern Dutchess Hospital ($50,000), according to its 2025 IRS Form 990-PF. Together they received 56% of its itemized 2025 grant dollars.
How large is Frost Memorial Fund Inc?
Frost Memorial Fund Inc reported $8.8M in total assets on its 2025 IRS Form 990-PF. It paid out $372K in qualifying distributions that year, against a required minimum of $399K (roughly 5% of its investment assets).
What is Frost Memorial Fund Inc?
Frost Memorial Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Rhinebeck, NY. It holds $8.8M in total assets as of 2025.
What is Frost Memorial Fund Inc's EIN?
Frost Memorial Fund Inc's EIN (Employer Identification Number) is 14-1803911. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Frost Memorial Fund Inc by hand.
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