Steve and Lisa Frost Family Foundation
The Steve and Lisa Frost Family Foundation is a private foundation based in Signal Mountain, Tennessee. It makes grants to preselected charitable organizations and does not accept unsolicited requests.
Key facts about Steve and Lisa Frost Family Foundation
In short: Steve and Lisa Frost Family Foundation gave $729K across 15 grants in 2025 (avg $49K), mostly in Tennessee. 13% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 86-1277174
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $728,700
- Grants made (2025)
- 15
- Average grant
- $48,580
- Median grant
- $40,000
- New grantees (estimate)
- 13% first-time grantees (2 of 15, 2025; small sample)
- Total assets
- $11,504,322
- Primary geography
- Tennessee (100% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Full details ↓
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$11.5M
+21.5% YoY
Annual Giving
$729K
+14.7% YoY
Grant Count
15
-21.1% YoY
Avg Grant Size
$49K
+45.2% YoY
Under IRS private-foundation payout rules, Steve and Lisa Frost Family Foundation reported a distributable amount of $672K for 2025 — the minimum it must pay out in qualifying distributions.
Is Steve and Lisa Frost Family Foundation open to new grantees?
13%
first-time grantees, 2025
In 2025, 2 of 15 grantees (13%) were first-time recipients. With only 15 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $6K; repeat grants $55K. How we count
Medians: $6K first-time, $50K repeat.
- 80% of 2025 grantees were also funded in 2024. Method
- Giving grew 34% from 2022 to 2025. Method
- In 2025 it paid out 108% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation’s filing states that it is engaged solely in grantmaking. Its grants support organizations with varied missions. For example, Chattanooga Girls Leadership Academy says its mission is to provide girls and young women with a rigorous college-preparatory education focused on science, technology, engineering, and math. Chattanooga Area Food Bank says it works with partners to eliminate hunger through feeding, nourishing, and empowering people. House of Refuge describes its work as a Christ-centered residential ministry helping primarily African American men overcome addictions and re-enter society.
Grantmaking
In 2025, the foundation gave $728,700 through 15 grants. Grant amounts ranged from $2,500 to $150,000, with a median of $40,000. The largest listed grants included $150,000 to The Generosity Trust, $100,000 each to Boys and Girls Club and Young Life of Chattanooga, and $75,000 to Lone Oak Community Center. Each was designated for program support.
Other listed 2025 grants included $51,200 to Chattanooga Girls Leadership Academy; $50,000 each to Southside Youth Development and the University of Tennessee at Chattanooga Foundation; and $40,000 to House of Refuge.
How to Apply
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests.
Ready to take the next step with Steve and Lisa Frost Family Foundation?
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in Tennessee. In 2024, the foundation also supported Standing Stone Ministries in California.
Grant Distribution by State
Share of 2025 grant dollars across all 15 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $456K (2023) to $729K (2025). In 2025 it made 15 grants totaling $729K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was The Generosity Trust ($150K). Together the top 10 received $676K.
Grant Size Distribution
94 grants across all recorded years
The most common grant size was under $50K: 68 grants of 94 (72%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Generosity Trust Chattanooga, TN | Program Support | $150,000 |
| Boys and Girls Club Chattanooga, TN | Program Support | $100,000 |
| Young Life of Chattanooga Chattanooga, TN | Program Support | $100,000 |
| Lone Oak Community Center Signal Mountain, TN | Program Support | $75,000 |
| Chattanooga Girls Leadership Academy Chattanooga, TN | Program Support | $51,200 |
| Southside Youth Development Chattanooga, TN | Program Support | $50,000 |
| University of Tennessee at Chattanooga Foundation Chattanooga, TN | Program Support | $50,000 |
| House of Refuge Chattanooga, TN | Program Support | $40,000 |
| Bridge Builder Collective Chattanooga, TN | Program Support | $30,000 |
| Signal Social Services Signal Mountain, TN | Program Support | $30,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants | Grant count |
|---|---|---|---|---|---|
| 2025 | $11,504,322 | $2,653,788 | $739,453 | $728,700 | 15 |
| 2024 | $9,469,987 | $346,328 | $645,010 | $635,500 | 19 |
| 2023 | $9,763,669 | $326,395 | $466,788 | $455,564 | 20 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $11,504,322 | $9,469,987 | $9,763,669 |
| Revenue | $2,653,788 | $346,328 | $326,395 |
| Expenses | $739,453 | $645,010 | $466,788 |
| Qualifying Distributions | $728,700 | $635,152 | $456,973 |
| Net Investment Income | $2,653,788 | $346,328 | $326,395 |
| Distributable Amount | $671,792 | $592,521 | $501,587 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2021–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Lisa Frost as president, Bruce Novkov as director, and Steve Frost as secretary/treasurer.
Steve and Lisa Frost Family Foundation is led by Lisa Frost, President on every filing since 2021; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Lisa Frost
President
On filings since 2021
1 hr/week
No compensation reported
Bruce Novkov
Director
New on the 2025 filing
1 hr/week
No compensation reported
Steve Frost
Secretary & Treasurer
Director → Treasurer, 2023
Treasurer → Secretary & Treasurer, 2025
On filings since 2021
1 hr/week
No compensation reported
Former officers (2)
- Former: Amy Frost (2021–2024) — Secretary
- Former: Jonathan Frost (2021–2022) — Treasurer
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: PO Box 458, Signal Mountain, TN 37377
Phone: (423) 313-2296
Frequently asked questions about Steve and Lisa Frost Family Foundation
How much does Steve and Lisa Frost Family Foundation give each year?
Steve and Lisa Frost Family Foundation gave $729K across 15 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $636K across 19 grants.
What is Steve and Lisa Frost Family Foundation's typical grant size?
Steve and Lisa Frost Family Foundation's median grant in 2025 was $40,000, and its average grant was $48,580, across 15 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Steve and Lisa Frost Family Foundation that year got $6K on average.
Where does Steve and Lisa Frost Family Foundation give grants?
Steve and Lisa Frost Family Foundation gives mostly in Tennessee: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Chattanooga, TN (13 grants) and Signal Mountain, TN (2 grants).
Does Steve and Lisa Frost Family Foundation give general operating support?
Not in 2025: none of the 15 grants with a stated purpose on Steve and Lisa Frost Family Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program Support" (15 grants).
Who are Steve and Lisa Frost Family Foundation's largest grantees?
Steve and Lisa Frost Family Foundation's largest 2025 grantees include The Generosity Trust ($150,000), Boys and Girls Club ($100,000) and Young Life of Chattanooga ($100,000), according to its 2025 IRS Form 990-PF. Together they received 48% of its itemized 2025 grant dollars.
How large is Steve and Lisa Frost Family Foundation?
Steve and Lisa Frost Family Foundation reported $11.5M in total assets on its 2025 IRS Form 990-PF. It paid out $729K in qualifying distributions that year, against a required minimum of $672K (roughly 5% of its investment assets).
What does Steve and Lisa Frost Family Foundation fund?
The foundation’s filing states that it is engaged solely in grantmaking. Its grants support organizations with varied missions. See mission & focus areas ↑
How do I apply for a grant from Steve and Lisa Frost Family Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Steve and Lisa Frost Family Foundation's EIN?
Steve and Lisa Frost Family Foundation's EIN (Employer Identification Number) is 86-1277174. IRS Form 990 filing data is available on this page for 2021–2025.
Does Steve and Lisa Frost Family Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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