Frugal Princess Inc

MYRTLE BEACH, SC EIN: 27-0517866

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

+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

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

South Carolina $77K (90%)

Oregon $5K (6%)

Maryland $2K (2%)

Virginia $800 (1%)

Arizona $300 (0%)

Utah $300 (0%)

Georgia $100 (0%)

Illinois $100 (0%)

States

Arizona Georgia Illinois Maryland Oregon South Carolina Utah Virginia

Cities

ArbutusAtlantaBlacksburgCentrevilleChicagoColumbiaConwayFlagstaffHollywoodMurrells InletMyrtle BeachN Myrtle BeachPortlandSalt Lake CitySurfside Beach

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Philanthropy, Voluntarism & Grantmaking

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.