Frost Memorial Fund Inc
Frost Memorial Fund Inc is a private foundation based in Rhinebeck, New York. It awards grants to charitable organizations, with particular attention to charities in the Village and Town of Rhinebeck.
Frost Memorial Fund Inc at a glance
In short: Frost Memorial Fund Inc gave $346K across 14 grants in 2025 (avg $25K), mostly in New York. 7% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $346,488
- +16.8% vs 2024
- Grants made (2025)
- 14
- -12.5% vs 2024
- Average grant
- $24,749
- +33.4% vs 2024
- Median grant
- $14,550
- Total assets
- $8,846,815
- +49.5% vs 2024
- New grantees (estimate)
- 7% first-time grantees (1 of 14, 2025; small sample)
- Primary geography
- New York (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Frost Memorial Fund Inc
- Accepts unsolicited proposals
- Yes
- How to Apply
-
The fund accepts unsolicited requests: inquiry letters may be submitted at any time. The board determines whether to invite a full proposal. Invited applicants must follow the proposal format and provide goals, strategies, timelines, anticipated outcomes, background on the applying organization, budgets for both the applied-for funds and the organization, information on other financial support, financial statements, IRS certification of exempt status, and other information. Applicants must be charities located in the Village and Town of Rhinebeck, New York area community.
- Review Cycle
- Full proposals are due March 1 or September 1. Those 2026 dates have passed; no later cycle date is specified.
- Deadline
- Full proposals are due March 1 or September 1.
- Contact
Application contact: Frost Memorial Fund
Mailing address: PO Box 808, Rhinebeck, NY 12572
Phone: (845) 452-8300
Email: info@frostmemorialfund.org
Website: https://www.frostmemorialfund.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
1 open opportunity from Frost Memorial Fund Inc
Who Frost Memorial Fund Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Northern Dutchess Day Care Center ($75K). Together the top 10 received $322K.
Grant Size Distribution
74 grants across all recorded years
The most common grant size was under $50K: 63 grants of 74 (85%).
Geographic Focus
Where this funder awards grants
The fund’s filing restricts eligible charities to those located in the Village and Town of Rhinebeck, New York area community. All 2025 grant dollars went to recipients in New York.
Grant Distribution by State
Share of 2025 grant dollars across all 14 itemized grants.
States
Cities
Is Frost Memorial Fund Inc open to new grantees?
7%
first-time grantees, 2025
In 2025, 1 of 14 grantees (7%) were first-time recipients. With only 14 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $27K; repeat grants $25K. How we count
Medians: $27K first-time, $14K 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $271K (2021) to $426K (2020). In 2025 it made 14 grants totaling $346K.
Grants by year
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 |
Ready to take the next step with Frost Memorial Fund Inc?
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 | $8,846,815 | $812,632 | $472,714 | $346,488 | 14 | $372,132 | $755,192 | $399,006 |
| 2024 | $5,916,247 | $583,758 | $418,337 | $296,760 | 16 | $321,832 | $530,018 | $368,674 |
| 2023 | $5,752,790 | $480,123 | $384,895 | $279,890 | 17 | $322,970 | $422,376 | $340,927 |
| 2022 | $5,655,559 | $-13,935 | $463,796 | $366,462 | 15 | $404,771 | $93,005 | $362,742 |
| 2021 | $6,134,414 | $430,820 | $369,977 | $270,600 | 12 | $304,655 | $368,626 | $384,428 |
| 2020 | $6,072,447 | $331,996 | $523,623 | $426,318 | 20 | — | $274,534 | $352,907 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The fund’s program description says it supports both established and emerging nonprofits and provides grants for annual support and new projects. Its 2025 grants included support for a child-care center, a hospital, and a cinema organization. The Northern Dutchess Day Care Center describes its mission as providing child-care services for children in the Hudson Valley; Northern Dutchess Hospital says it aims to improve community health through excellent, innovative, and compassionate care; and Upstate Films says it connects the Hudson Valley with transformative cinematic experiences. These are the grantees’ stated missions, not the fund’s.
Grantmaking
In filing year 2025, the fund awarded 14 grants totaling $346,488. Grant amounts ranged from $6,000 to $75,000, with a median of $14,550. Notable grants included $75,000 to Northern Dutchess Day Care Center, $70,700 to The Southlands Foundations, $50,000 to Northern Dutchess Hospital, $34,100 to Church of the Messiah, and $26,588 to the Village of Rhinebeck Police Department.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Christopher Chestney as president, Elizabeth M Wolf as vice president, Lewis Ruge as treasurer, Vincent L Teahan as secretary, and Louis Tumolo Jr as trustee.
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
The highest reported compensation on the 2025 filing was $6K, to Christopher Chestney (President). 5 officers or directors reported compensation on that 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 $27K 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). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Frost Memorial Fund Inc fund?
The fund’s program description says it supports both established and emerging nonprofits and provides grants for annual support and new projects. Its 2025 grants included support for a child-care center, a hospital, and a cinema organization. See mission & focus areas ↑
How do I apply for a grant from Frost Memorial Fund Inc?
The fund accepts unsolicited requests: inquiry letters may be submitted at any time. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Frost Memorial Fund Inc accept unsolicited proposals?
Yes, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
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)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
Live grants for the work Frost Memorial Fund Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Frost Memorial Fund Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Frost Memorial Fund Inc funder profile. GrantGraph. Retrieved October 19, 2026, from https://grantable.co/funders/frost-memorial-fund-inc-morg_2e59a44595414f0ea0d7fe5d36463210
BibTeX
@misc{grantable_141803911_2026,
author = {{Grantable}},
title = {{Frost Memorial Fund Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/frost-memorial-fund-inc-morg_2e59a44595414f0ea0d7fe5d36463210},
note = {Accessed 2026-10-19. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Frost Memorial Fund Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Frost Memorial Fund Inc down — hundreds of funders to go?