FRP Foundation Inc
FRP Foundation Inc is a private foundation, based in Jacksonville, FL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $192K in total assets. In 2025, it awarded 4 grants totaling $64K. Net investment income was $57K.
FRP Foundation Inc at a glance
In short: FRP Foundation Inc gave $64K across 4 grants in 2025 (avg $16K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $63,624
- -1.2% vs 2024
- Grants made (2025)
- 4
- -60.0% vs 2024
- Average grant
- $15,906
- +147.1% vs 2024
- Median grant
- $11,062
- Total assets
- $192,237
- -4.9% vs 2024
- Primary geography
- Florida (94% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who FRP Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Junior Achievement of North Florida ($40K). Together the top 4 received $64K.
Grant Size Distribution
45 grants across all recorded years
The most common grant size was under $50K: 45 grants of 45 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How FRP Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+9%). Method
- In 2025 it paid out 160% of its IRS minimum distribution (the 5% rule). 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 2019 to 2025, annual grant giving ranged from $38K (2019) to $97K (2020). In 2025 it made 4 grants totaling $64K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Junior Achievement of North Florida Jacksonville, FL | Contribution to Benefit Youth Education and Development. | $40,000 |
| PTA Florida Congress DBA Tiger Academy Jacksonville, FL | Contribution to Benefit Youth Education and Development. | $20,000 |
| John Hopkins Children Center Baltimore, MD | Contribution to Benefit Medical Programs Supporting Children. | $2,124 |
| Children's Tumor Foundation New York, NY | To support reasearch, expand knowledge, and advance care for the neurofibromatosis community. | $1,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $192,237 | $61,498 | $71,304 | $63,624 | 4 | $63,624 | $57,329 | $39,762 |
| 2024 | $202,043 | $15,759 | $69,831 | $64,374 | 10 | $64,374 | $12,883 | $37,722 |
| 2023 | $256,115 | $15,496 | $94,143 | $89,624 | 12 | $89,624 | $15,294 | $35,490 |
| 2022 | $334,762 | $53,119 | $63,912 | $58,124 | 9 | $58,124 | $47,989 | $40,872 |
| 2021 | $345,555 | $52,214 | $80,894 | $74,624 | 10 | — | $46,327 | $40,098 |
| 2020 | $389,235 | $43,813 | $103,636 | $97,167 | 13 | — | $38,291 | $36,354 |
| 2019 | $435,058 | $52,929 | $44,478 | $38,155 | 11 | — | $47,098 | $38,574 |
Under IRS private-foundation payout rules, FRP Foundation Inc reported a distributable amount of $40K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
FRP Foundation Inc is led by John D. Baker II, President since 2025 (on filings since 2019); none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
John D. Baker II
President
President → President & Director, 2024
President & Director → President, 2025
On filings since 2019
No compensation reported
Thompson S. Baker II
Vice President
On filings since 2019
No compensation reported
Matthew C. McNulty
Treasurer & Secretary
Treasurer, Secretary & Director → Treasurer & Secretary, 2025
On filings since 2024
No compensation reported
Former officers (2)
- Former: John D. Baker III (2024) — Vice President & Director
- Former: John D. Milton Jr. (2019–2023) — Treasurer
Data from IRS Form 990 filings, 2019–2025. "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 FRP Foundation Inc
How much does FRP Foundation Inc give each year?
FRP Foundation Inc gave $64K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $64K across 10 grants.
What is FRP Foundation Inc's typical grant size?
FRP Foundation Inc's median grant in 2025 was $11,062, and its average grant was $15,906, across 4 grants on its 2025 IRS Form 990-PF.
Where does FRP Foundation Inc give grants?
FRP Foundation Inc gives mostly in Florida: 94% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Jacksonville, FL (2 grants).
Does FRP Foundation Inc give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on FRP Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support.
How large is FRP Foundation Inc?
FRP Foundation Inc reported $192K in total assets on its 2025 IRS Form 990-PF. It paid out $64K in qualifying distributions that year, against a required minimum of $40K (roughly 5% of its investment assets).
What is FRP Foundation Inc's EIN?
FRP Foundation Inc's EIN (Employer Identification Number) is 59-3050577. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS February 5, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 20, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in FRP Foundation Inc's focus areas in our free grants database
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