Frugal Princess Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MYRTLE BEACH, SC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $37K in total assets. In 2024, it awarded 13 grants totaling $16K. Net investment income was $1.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$37K
-31.0% YoY
Annual Giving
$16K
+14.2% YoY
Grant Count
13
+44.4% YoY
Avg Grant Size
$1K
-20.9% YoY
Under IRS private-foundation payout rules, Frugal Princess Inc reported a distributable amount of $110 for 2024 — the minimum it must pay out in qualifying distributions.
About Frugal Princess Inc
Based on IRS filings
Frugal Princess Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MYRTLE BEACH, SC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $37K in total assets. In 2024, it awarded 13 grants totaling $16K. Net investment income was $1.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $36,932 | $53,491 | $67,290 |
| Revenue | $1 | $1 | $57,561 |
| Expenses | $15,760 | $13,800 | $28,702 |
| Qualifying Distributions | $15,760 | $13,800 | $28,635 |
| Net Investment Income | $1 | $1 | $57,561 |
| Distributable Amount | $110 | $3,111 | $3,343 |
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
71 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Burroughs & Chapin Art Museum ($5,000), Phoenix Renaissance Inc Racepath Community Center ($2,950), Frugal Princess Inc ($1,590).
| Recipient | Purpose | Amount |
|---|---|---|
| AFRICA NEW LIFE PORTLAND, OR | PROVIDE BASIC PROVISIONS FOR CHILDREN AND FAMILIES IN RWANDA, INCLUDING PRIMARY EDUCATION | $1,340 |
| APPLE BREAST CANCER WARRIOR CONWAY, SC | ASSIST WITH FINANCIALS FOR BREAST CANCER PATIENTS AND PROVIDE COMFORT BAGS | $1,000 |
| BOYS & GIRLS CLUB OF THE GRAND STRAND MYRTLE BEACH, SC | PROMOTE AND ENHANCE THE DEVELOPMENT OF BOYS AND GIRLS BY INSTILLING A SENSE OF BELONGING, USEFULNESS, INFLUENCE AND COMPETENCE TO SUCCESSFULLY COMPLETE THEIR EDUCATION AND PROVIDE NECESSARY SUPPLIES | $75 |
| BROOKGREEN GARDENS MURRELLS INLET, SC | SUPPORT THE ENVIRONMENTAL QUALITY, PROTECTION AND BEAUTIFICATION OF BOTANICAL GARDENS AND EDUCATION FOR CHILDREN | $1,000 |
| BURROUGHS & CHAPIN ART MUSEUM MYRTLE BEACH, SC | FUND CULTURAL ACTIVITIES AND EVENTS FOR CHILDREN AND YOUNG ADULTS; PROVIDE EVENT RESOURCES AND PURSES/JEWELRY FOR BLL FUNDRAISER TO SUPPORT FREE ADMISSION | $5,000 |
| EASTERN CAROLINA HOUSING ORGANIZATION MYRTLE BEACH, SC | ECHO'S MISSION IS TO BREAK THE CYCLE OF HOMELESSNESS EXPERIENCED BY INDIVIDUALS AND FAMILIES IN OUR COMMUNITY, INCLUDING, OUR VETERANS, PROVIDED HOUSEHOLD NECESSITIES. | $580 |
| FRUGAL PRINCESS INC MYRTLE BEACH, SC | PROVIDE ASSISTANCE TO FAMILLIES IN NEED DUE TO DEATH OF A SPOUSE/PARENT, TERMINAL ILLNESS, HOMELESSNESS, OR A SINGLE PARENT AND PROVIDE NECESSITIES TO LOCAL SCHOOLS/CHILDREN IN NEED, INLCUDING ANGEL TREE HOLIDAY GIFTS | $1,590 |
| GRAND STRAND HUMANE SOCIETY MYRTLE BEACH, SC | SUPPORT LOCAL ANIMAL SHELTER WITH RESOURCES TO PROVIDE FOOD, MEDICAL TREATMENT AND SHELTER UNTIL THEY FIND THEIR FOREVER HOME | $500 |
| HABITAT FOR HUMANITY OF HORRY COUNTY MYRTLE BEACH, SC | EMPOWERS INDIVIDUALS AND PROVIDES STABILITY THROUGH SELF-RELIANCE AND SHELTER BY BUILDING HOMES WITH VOLUNTEERS AND DONATIONS | $500 |
| LONG BAY THEATRE MYRTLE BEACH, SC | IGNITE POSITIVE CHANGE IN THE CULTURAL, SOCIAL AND ECONOMIC VITALITY IN THE MYRTLE BEACH COMMUNITY, PROVIDED STUDENT SCHOLARSHIP | $325 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SHARON MARIA CLAYTON | PRESIDENT | 1 | — |
| MICHAEL F CLAYTON | SEC & TRES | 1 | — |
| ANTHONY MARIA | VICE PRESIDENT | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Frugal Princess Inc?
Frugal Princess Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MYRTLE BEACH, SC. It holds $37K in total assets as of 2024.
How large is Frugal Princess Inc?
As of 2024, Frugal Princess Inc holds $37K in total assets with $1 in annual revenue. It awarded 13 grants totaling $16K in 2024.
Where does Frugal Princess Inc operate?
Frugal Princess Inc has awarded grants in Arizona, Georgia, Illinois, Maryland, Oregon, South Carolina, Utah, Virginia.
What size grants does Frugal Princess Inc award?
In 2024, Frugal Princess Inc awarded 13 grants totaling $16K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Frugal Princess Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Frugal Princess Inc reported a distributable amount of $110 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Frugal Princess Inc's EIN?
Frugal Princess Inc's EIN (Employer Identification Number) is 27-0517866. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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