Steve and Lisa Frost Family Foundation
The Steve and Lisa Frost Family Foundation is a private foundation based in Signal Mountain, Tennessee. Established in 2021, it operates as a non-operating foundation focused exclusively on grantmaking to preselected charitable organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.5M
-3.0% YoY
Annual Giving
$636K
+39.5% YoY
Grant Count
19
-5.0% YoY
Avg Grant Size
$33K
+46.8% YoY
Under IRS private-foundation payout rules, Steve and Lisa Frost Family Foundation reported a distributable amount of $593K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary focus is philanthropy and grantmaking. According to its filings, the foundation concentrates its support on organizations working in education, human services, and philanthropic initiatives.
Grantmaking
The foundation operates on a preselected basis only and does not accept unsolicited applications. According to available records, the foundation makes contributions only to preselected charitable organizations.
Grant Range
$30,000
Average Grant
amount: approximately $27,000-$97,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking is concentrated primarily in Tennessee, with additional funding activity in California, Ohio, North Carolina, Texas, and Virginia. Tennessee, California, and Ohio account for approximately 93% of all grants made. The foundation has distributed grants across six states.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024:
- Total assets: $9,469,987
- Total revenues: $346,328
- Total expenses: $645,010
- Annual giving rate: approximately 6.7% of assets
The foundation reported zero employees and operates with limited staffing.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,469,987 | $9,763,669 | $9,904,062 |
| Revenue | $346,328 | $326,395 | $590,679 |
| Expenses | $645,010 | $466,788 | $557,477 |
| Qualifying Distributions | $635,152 | $456,973 | $557,477 |
| Net Investment Income | $346,328 | $326,395 | $590,679 |
| Distributable Amount | $592,521 | $501,587 | $517,433 |
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
79 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Young Life of Chattanooga ($100,000), The Generosity Trust ($85,000), Chattanooga Area Food Bank ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BETHEL BIBLE VILLAGE HIXSON, TN | PROGRAM SUPPORT | $25,000 |
| BIG BROTHERS BIG SISTERS OF GREATER CHATTANOOGA CHATTANOOGA, TN | CAPITAL CAMPAIGN | $25,000 |
| BOYS AND GIRLS CLUB CHATTANOOGA, TN | PROGRAM SUPPORT | $12,000 |
| BRIDGE BUILDER COLLECTIVE CHATTANOOGA, TN | PROGRAM SUPPORT | $20,000 |
| CHATTANOOGA AREA FOOD BANK CHATTANOOGA, TN | PROGRAM SUPPORT | $50,000 |
| CHATTANOOGA GIRLS LEADERSHIP ACADEMY CHATTANOOGA, TN | PROGRAM SUPPORT | $50,000 |
| GOSPEL CONVERSATIONS WITH SAM CHATTANOOGA, TN | PROGRAM SUPPORT | $10,000 |
| HOUSE OF REFUGE CHATTANOOGA, TN | PROGRAM SUPPORT | $40,000 |
| SIGNAL SOCIAL SERVICES SIGNAL MOUNTAIN, TN | PROGRAM SUPPORT | $30,000 |
| SOUTHSIDE YOUTH DEVELOPMENT CHATTANOOGA, TN | PROGRAM SUPPORT | $50,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is governed by three officers and trustees, all serving without compensation:
- Lisa Frost – President
- Amy Frost – Secretary
- Steve Frost – Treasurer
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LISA FROST | PRESIDENT | 1 | — |
| AMY FROST | SECRETARY | 1 | — |
| STEVE FROST | TREASURER | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has demonstrated consistent grant activity through 2024, with recent distributions supporting organizations in education, food security, youth development, and philanthropic infrastructure across multiple states.
Swift foundation awards over $7.5K in grants to 4 Routt County nonprofitsSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Steve and Lisa Frost Family Foundation fund?
The foundation's primary focus is philanthropy and grantmaking. According to its filings, the foundation concentrates its support on organizations working in education, human services, and philanthropic initiatives.
How do I apply for a grant from Steve and Lisa Frost Family Foundation?
**Grant Activity:** • Made 19-23 grants in the most recent fiscal year • Total giving: approximately $630,500-$636,500 annually • Median grant size: $30,000 • Grant range: $1,500-$100,000 • Average grant amount: approximately $27,000-$97,000 **Application Process:** The foundation operates on a preselected basis only and does not accept unsolicited applications. According to available records, the foundation makes contributions only to preselected charitable organizations. **Recent Grantees (20…
Where does Steve and Lisa Frost Family Foundation make grants?
The foundation's grantmaking is concentrated primarily in Tennessee, with additional funding activity in California, Ohio, North Carolina, Texas, and Virginia. Tennessee, California, and Ohio account for approximately 93% of all grants made. The foundation has distributed grants across six states.
What size grants does Steve and Lisa Frost Family Foundation award?
In 2024, Steve and Lisa Frost Family Foundation awarded 19 grants totaling $636K — an average of about $33K per grant, based on its IRS Form 990 filings.
How much is Steve and Lisa Frost Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Steve and Lisa Frost Family Foundation reported a distributable amount of $593K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2021–2024.
Explore Open Grants
Browse active grant opportunities in Steve and Lisa Frost Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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