Frost Foundation
- Assets
- $37.9m
- Revenue
- $2.8m
- Investments
- $36.6m
- Employees
- 0
- Location
- Santa Fe, NM
- Founding
- 04/1960
- Data as of
- 12/2021
- EIN
- 72-0520342
Organization Overview
Frost Foundation is located in Santa Fe, NM. The organization was established in 1960. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frost Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Frost Foundation generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Frost Foundation has awarded 529 individual grants totaling $11,425,835. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Amelia Whited-Howell President | 40 | $119,999 | |
Philip B Howell Vice President | 40 | $119,999 | |
Taylor F Moore Secretary, Treasurer | 0.5 | $0 | |
Philip Carter Howell Director | 0.5 | $0 | |
Amelia Reid Howell Director | 0.5 | $0 | |
Ann Rogers Gerber Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16 |
| Dividends & Interest | $642,765 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,181,517 |
| Capital Gain Net Income | $2,181,517 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,392 |
| Total Revenue | $2,836,690 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $239,998 |
| Other employee salaries and wages | $30,015 |
| Pension plans, employee benefits | $68,561 |
| Interest | $0 |
| Taxes | $81,571 |
| Depreciation | $20,134 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $22,577 |
| Printing and publications | $2,375 |
| Other expenses | $380,114 |
| Total operating and administrative expenses | $884,571 |
| Contributions, gifts, grants paid | $1,185,500 |
| Total expenses and disbursements | $2,070,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $700 |
| Savings and temporary cash investments | $872,071 |
| Net Accounts receivable | $51,968 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,269 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $334,122 |
| Other assets | $2,400 |
| Total assets | $37,877,515 |
| Accounts payable and accrued expenses | $29,333 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $29,333 |
Grants Awarded
Over the last fiscal year, Frost Foundation has awarded $1,185,500 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Fe, NM PURPOSE: RESIDENTIAL PROGRAM | $100,000 |
Serafina, NM PURPOSE: OPERATING | $100,000 |
ESPANOLA HUMANE PURPOSE: OPERATING | $55,000 |
UNITED WAY OF SANTA FE COUNTY PURPOSE: OPERATING | $50,000 |
Santa Fe, NM PURPOSE: OPERATING | $30,000 |
New Orleans, LA PURPOSE: OPERATING | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Frost Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
J A Foundation Dallas, PA PURPOSE: CHARITABLE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |