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Frost Foundation Inc. is a private corporation based in DULUTH, GA. The foundation received its IRS ruling in 1997. The principal officer is Jack Frost. It holds total assets of $4.2M. Annual income is reported at $975K. Total assets have grown from $17K in 2010 to $4.2M in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2024. Grantmaking is concentrated in Georgia. According to available records, Frost Foundation Inc. has made 56 grants totaling $1.2M, with a median grant of $1K. Annual giving has decreased from $333K in 2021 to $250K in 2024. Grantmaking activity was highest in 2023 with $500K distributed across 46 grants. Individual grants have ranged from $100 to $200K, with an average award of $22K. The foundation has supported 26 unique organizations. Grants have been distributed to organizations in Georgia and Tennessee and New Jersey. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$50K
Average Grant
$43K
Largest Grant
$75K
Based on 3 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Frost Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 56 grants. Its grantmaking reaches organizations primarily in GA, TN, NJ.
Frost Foundation Inc. has distributed a total of $1.2M across 56 grants. The median grant size is $1K, with an average of $22K. Individual grants have ranged from $100 to $200K.
Frost Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Frost Foundation Inc. is headquartered in DULUTH, GA. While based in GA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Thomas Raines | CFO & SECRETARY | $0 | $0 | N/A |
| Janice Frost | CEO | $0 | $0 | N/A |
Total Giving
$309K
Total Assets
$4.2M
Fair Market Value
$5.2M
Net Worth
$4.2M
Grants Paid
$250K
Contributions
N/A
Net Investment Income
$44K
Distribution Amount
$242K
Total: $4.1M
Total Grants
56
Total Giving
$1.2M
Average Grant
$22K
Median Grant
$1K
Unique Recipients
26
Most Common Grant
$1K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Northern StarUNRESTRICTED | Dahlonega, GA | $500 | 2023 |
| Friends Of Flowery Branch Car ShowUNRESTRICTED | Flowery Branch, GA | $500 | 2023 |
| First Baptist Church GainesvilleUNRESTRICTED | Gainesville, GA | $200K | 2024 |
| North Ga Community FoundationUNRESTRICTED | Gainesville, GA | $50K | 2024 |
| Junior Achievement North GeorgiaUNRESTRICTED | Cumming, GA | $5K | 2023 |
| Edmondson Telford Child AdvocacyUNRESTRICTED | Gainesville, GA | $2K | 2023 |
| Girl Scouts Of Historic GaUNRESTRICTED | Gainesville, GA | $2K | 2023 |
| Ngcf We Care FundUNRESTRICTED | Gainesville, GA | $2K | 2023 |
| Riverside MilitaryUNRESTRICTED | Gainesville, GA | $2K | 2023 |
| Good News ClinicsUNRESTRICTED | Gainesville, GA | $2K | 2023 |
| The Salvation ArmyUNRESTRICTED | Gainesville, GA | $2K | 2023 |
| Nega Love LightUNRESTRICTED | Gainesville, GA | $1K | 2023 |
| The Arts Council Of Hall CountyUNRESTRICTED | Gainesville, GA | $1K | 2023 |
| St Jude Children'S HospitalUNRESTRICTED | Memphis, TN | $850 | 2023 |
| Special Olympics Hall CountyUNRESTRICTED | Gainesville, GA | $600 | 2023 |
| Police United TourUNRESTRICTED | East Hanover, NJ | $500 | 2023 |
| Prince Of Peace Catholic ChurchUNRESTRICTED | Flowery Branch, GA | $500 | 2023 |
| Rotary Club Of South HallUNRESTRICTED | Flowery Branch, GA | $500 | 2023 |
| Fraternal Grads Of Police Lodge 41UNRESTRICTED | Gainesville, GA | $500 | 2023 |
| Randy And Friends IncUNRESTRICTED | Gainesville, GA | $350 | 2023 |
| Flowery Branch High School BandUNRESTRICTED | Flowery Branch, GA | $250 | 2023 |
| Choices Pregnancy Care CenterUNRESTRICTED | Gainesville, GA | $225 | 2023 |
| University Of North Georgia FoundationUNRESTRICTED | Dahlonega, GA | $100 | 2023 |
| Northeast Georgia History CenterUNRESTRICTED | Gainesville, GA | $75K | 2022 |
| Northeast Georgia Health System FoundationUNRESTRICTED | Gainesville, GA | $50K | 2022 |
ATLANTA, GA
ATLANTA, GA
ATLANTA, GA