Phillip & Patricia Frost Philanthropic
Phillip & Patricia Frost Philanthropic is a private foundation, based in Miami, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $12.3M in total assets. In 2025, it made $61 in qualifying distributions. Net investment income was $8.5M.
Phillip & Patricia Frost Philanthropic at a glance
- Total assets
- $12,311,443
- +211.6% vs 2024
- Revenue (2025)
- $8,477,964
- +8247.0% vs 2024
- Qualifying distributions (2025)
- $61
- +0.0% vs 2024
- Expenses (2025)
- $117,628
- +7815.7% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Phillip & Patricia Frost Philanthropic funds
How this funder distributes its grants
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 8 grants of 10 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How Phillip & Patricia Frost Philanthropic gives
- Giving grew 1848% from 2020 to 2023. Method
- In 2025 it paid out 0% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2020 to 2023, annual grant giving ranged from $30K (2022) to $4.1M (2023). In 2023 it made 3 grants totaling $4.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Miami Miller School of Medicine Miami, FL | Educational | $4,080,343 |
| The Hoover Institution at Leland Stanford Junior University Stanford, CA | Educational | $5,000 |
| Community Hope Inc Parsippany, NJ | Healthcare | $5,000 |
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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 | $12,311,443 | $8,477,964 | $117,628 | — | — | $61 | $8,477,964 | $543,523 |
| 2024 | $3,951,107 | $101,569 | $1,486 | — | — | $61 | $101,569 | $409,696 |
| 2023 | $3,851,024 | $104,742 | $4,091,909 | $4,090,343 | 3 | $4,090,404 | $104,742 | $371,478 |
| 2022 | $7,838,191 | $76,001 | $123,327 | $30,000 | 3 | $30,000 | $76,001 | $721,404 |
| 2021 | $7,885,517 | $13,126,933 | $333,181 | $245,000 | 4 | $245,000 | $13,126,933 | $1,366,470 |
| 2020 | $3,591,765 | $311,546 | $217,588 | $210,000 | 2 | — | $311,546 | $981,411 |
Under IRS private-foundation payout rules, Phillip & Patricia Frost Philanthropic reported a distributable amount of $544K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Phillip & Patricia Frost Philanthropic is led by Phillip Frost MD, President & Director on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Phillip Frost MD
President & Director
On filings since 2020
No compensation reported
Patricia Frost
Secretary, Treasurer & Director
On filings since 2020
No compensation reported
Richard Pfenniger
Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Phillip & Patricia Frost Philanthropic
How large is Phillip & Patricia Frost Philanthropic?
Phillip & Patricia Frost Philanthropic reported $12.3M in total assets on its 2025 IRS Form 990-PF. It paid out $61 in qualifying distributions that year, against a required minimum of $544K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Phillip & Patricia Frost Philanthropic operate?
Phillip & Patricia Frost Philanthropic has awarded grants in California, District of Columbia, Florida, New Jersey.
What is Phillip & Patricia Frost Philanthropic's EIN?
Phillip & Patricia Frost Philanthropic's EIN (Employer Identification Number) is 20-4128545. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 30, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 16, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
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