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 2024. As of 2024, the organization holds $5.9M in total assets. In 2024, it awarded 16 grants totaling $297K. Net investment income was $530K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.9M
+2.8% YoY
Annual Giving
$297K
+6.0% YoY
Grant Count
16
-5.9% YoY
Avg Grant Size
$19K
+12.7% YoY
Under IRS private-foundation payout rules, Frost Memorial Fund Inc reported a distributable amount of $369K for 2024 — the minimum it must pay out in qualifying distributions.
About Frost Memorial Fund Inc
Based on IRS filings
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 2024. As of 2024, the organization holds $5.9M in total assets. In 2024, it awarded 16 grants totaling $297K. Net investment income was $530K.
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 | $5,916,247 | $5,752,790 | $5,655,559 |
| Revenue | $583,758 | $480,123 | $-13,935 |
| Expenses | $418,337 | $384,895 | $463,796 |
| Qualifying Distributions | $321,832 | $322,970 | $404,771 |
| Net Investment Income | $530,018 | $422,376 | $93,005 |
| Distributable Amount | $368,674 | $340,927 | $362,742 |
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 2024
Grant Size Distribution
80 grants across all recorded years
Open Grants
1 open opportunity from Frost Memorial Fund Inc
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Upstate Films Inc ($80,000), Church of the Messiah ($53,750), Friends of Rhinebeck Cemetary ($37,500).
| Recipient | Purpose | Amount |
|---|---|---|
| RHINEBECK RHEINBACK EXCHANGE RHINEBECK, NY | SUPPORT ORGANIZATION NEEDS | $2,500 |
| CULTURE CONNECT RHINEBECK, NY | SUPPORT ORGANIZATIONAL NEEDS | $22,000 |
| QUITMAN RESOURCE CENTER FOR PRESERV RHINEBECK, NY | SUPPORT ORGANIZATIONAL NEEDS | $8,860 |
| DUTCHESS COUNTY AGRICULTURAL SOCIET RHINEBECK, NY | SUPPORT ORGANIZATIONAL NEEDS | $25,000 |
| RHINEBECK HISTORIC SOCIETY RHINEBECK, NY | SUPPORT ORGANIZATIONAL NEEDS | $14,000 |
| CHURCH OF THE MESSIAH RHINEBECK, NY | SUPPORT ORGANIZATIONAL NEEDS | $53,750 |
| FRIENDS OF RHINEBECK CEMETARY RHINEBECK, NY | SUPPORT ORGANIZATIONAL NEEDS | $37,500 |
| RHINEBECK REFORMED CHURCH RHINEBECK, NY | SUPPORT ORGANIZATIONAL NEEDS | $13,750 |
| UPSTATE FILMS INC RHINEBECK, NY | SUPPORT ORGANIZATIONAL NEEDS | $80,000 |
| ST PAUL'S LUTHERAN CHURCH RHINEBECK, NY | SUPPORT ORGANIZATIONAL NEEDS | $6,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHRISTOPHER CHESTNEY | PRESIDENT | 1 | $6,000 |
| ELIZABETH M WOLF | VICE PRESIDE | 1 | $6,000 |
| LEWIS RUGES | TREASURER | 1 | $6,000 |
| VINCENT L TEAHAN | SECRETARY | 1 | $6,000 |
| LOUIS TUMOLO JR | TRUSTEE | 1 | $6,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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 $5.9M in total assets as of 2024.
How large is Frost Memorial Fund Inc?
As of 2024, Frost Memorial Fund Inc holds $5.9M in total assets with $584K in annual revenue. It awarded 16 grants totaling $297K in 2024.
Where does Frost Memorial Fund Inc operate?
Frost Memorial Fund Inc has awarded grants in New York.
What size grants does Frost Memorial Fund Inc award?
In 2024, Frost Memorial Fund Inc awarded 16 grants totaling $297K — an average of about $19K per grant, based on its IRS Form 990 filings.
How much is Frost Memorial Fund Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Frost Memorial Fund Inc reported a distributable amount of $369K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Frost Memorial Fund Inc'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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