Pat & Tom Frost Foundation F0731600

SAN ANTONIO, TX EIN: 74-2699577

The Pat and Tom Frost Foundation is a private foundation based in San Antonio, Texas, established in 1994. The foundation operates as a 501(c)(3) tax-exempt organization and focuses on charitable grantmaking across multiple sectors.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$10.0M

-0.4% YoY

Annual Giving

$508K

+24.8% YoY

Grant Count

23

+9.5% YoY

Avg Grant Size

$22K

+14.0% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's primary funding priorities include:

  • Education
  • Philanthropy, Voluntarism & Grantmaking
  • Human Services

Grantmaking

The foundation does not accept unsolicited applications and operates on an invite-only basis.

Grant Range

$20,000

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in Texas, Washington, and Colorado.

Grant Distribution by State

3states

Cities

AustinBlaineBoerneDallasDenverHoustonNew BraunfelsSan AntonioSeguin

Financial History

Multi-year comparison from IRS filings

  • Total Assets: $10,016,028 (2024)
  • Total Giving: $507,500 (2024)
  • Total Revenues: $519,601 (2024)
  • Total Expenses: $564,609 (2024)
  • Investment Income: $393,877 (2024)
  • Giving Rate: 5.1% of assets

Historical Trends:

  • 2023: $10.1M in assets, $407,000 in total giving (21 grants)
  • 2022: $9.9M in assets, $322,000 in total giving (13 grants)
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$910K$2M$3M$4M20202021202220232024
Metric202420232022
Total Assets$10,016,028$10,058,117$9,852,076
Revenue$519,601$529,108$3,308,063
Expenses$564,609$454,532$380,090
Qualifying Distributions$510,813$410,130$321,500
Net Investment Income$476,399$480,984$199,788
Distributable Amount$584,810$542,824$510,879

Giving Over Time

Total grant dollars and number of grants per year

$0$153K$305K$458K$611K7 grants20209 grants202113 grants202221 grants202323 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

CHRIST EPISCOPAL CHURCH$80KCIBOLO CENTER FOR CONSER…$50KTOBIN CENTER FOR THE PER…$50KMCNAY ART MUSEUM$26KEPISCOPAL THEOLOGICAL SE…$25KAUSTIN COMMUNITY FOUNDAT…$25KUNIVERSITY OF TEXAS HEAL…$20KSALOC$20KTHE UNIVERSITY OF TEXAS …$20KALAMO HEIGHTS SCHOOL FOU…$20K

Grant Size Distribution

73 grants across all recorded years

64<$50K8$50–100K$100–250K1$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Leadership team and compensation from IRS filings

The foundation is also known as "Frost Thomas C," indicating Thomas C. Frost as a key figure associated with the organization.

Compensation Overview

From 2024 IRS filing

DONALD B FROSTCO-TRUSTEE$1KPATRICK B FROSTCO-TRUSTEE$1K

From 2024 filing

NameTitleHoursCompensation
DONALD B FROSTCO-TRUSTEE0.25$1,336
PATRICK B FROSTCO-TRUSTEE0.25$1,336

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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