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The Frost Foundation at a glance

· Private foundation

The Frost Foundation

Its FY2024 filing reports that it accepted unsolicited grant applications.

$1.3M
Granted FY2024still arriving
69
Grants FY2024still arriving
7
States reached
$260k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
01What it funds
0196% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.

Health$2.4MEducation$1.9MAnimals$1.1MArts & Culture$1.1MHuman Services$943kPhilanthropy$513kHousing & Shelter$405kScience & Tech$364kOther$0
02FY2024 · 69 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2024

  • Under $10k18 grants · $68k
  • $10k–50k45 grants · $595k
  • $50k–250k5 grants · $404k
  • $250k+1 grant · $260k
$10,000
Median grant
7
States reached
$34M
Total assets
Largest grants
RecipientAmount
ESPANOLA HUMANE$260,000
LABORATORIES FOUNDATION$144,000
ST VINCENT HOSPITAL FOUNDATION$100,000
TIBETAN ASSOC OF SANTA FE$60,000
THE COMMUNITY FOUNDATION OF LINCOLN CNT$50,000
BLUE SKYE FOUNDATION$50,000
KINDRED SPIRITS ANIMAL SANCTUARY$26,000
NEW MEXICO WILDLIFE FEDERATION$25,000
Individual grant recipient$25,000
THE FOOD DEPOT$21,000
NEW MEXICO SCHOOL FOR ARTS$20,000
EDEN HOUSE$20,000
Individual grant recipient$20,000
PAWS AND STRIPES$17,000
ST ELIZABETH SHELTER$16,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY17–24, $411k) land where the poverty rate runs at 13%, against an area that typically sits at 12%. 99% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 12%GIVE US THE FLOOR: $5k → 10%THE FOSTER CARE ALLIANCE: $5k → 13%BRIDGE HOUSE: $10k → 12%STEM LIBRARY LAB: $15k → 15%THE FOSTER CARE ALLIANCE: $5k → 13%LAS CUMBRES COMMUNITY SERVICES: $10k → 14%THE ARC OF CADDO BOSSIER FOUNDATION: $3k → 22%THE GLEN RETIREMENT SYSTEM: $3k → 22%LAS CUMBRES COMMUNITY SERVICES: $15k → 18%THINK NEW MEXICO: $30k → 12%STUDENT CLOTHING BANK: $10k → 14%LAS CUMBRES COMMUNITY SERVICES: $15k → 18%THINK NEW MEXICO: $25k → 12%THINK NEW MEXICO: $25k → 12%THINK NEW MEXICO: $20k → 12%THINK NEW MEXICO: $20k → 12%THINK NEW MEXICO: $20k → 12%ALBUQUERQUE HEALTH CARE FOR THE HOMELESS: $10k → 14%THE NEW MEXICO RAMP PROJECT: $10k → 14%ALBUQUERQUE HEALTH CARE FOR THE HOMELESS: $10k → 14%COMING HOME CONNECTION: $15k → 12%THINK NEW MEXICO: $15k → 12%TENDERLOVE COMMUNITY CENTER: $10k → 14%COMING HOME CONNECTION: $10k → 12%MEMORY CARE ALLIANCE: $10k → 12%THE FOOD DEPOT: $21k → 12%THE FOOD DEPOT: $20k → 12%THE FOOD DEPOT: $20k → 12%MEMORY CARE ALLIANCE: $10k → 12%THE FOOD DEPOT: $15k → 12%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

VT
NH
WA
MN
IL
NY
NV
IN
OH
CA
CO
VA
AZ
NM
AR
TN
NC
DC
LA
MS
GA
TX
FL
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

84%of every dollar goes to organizations it has funded before.
$8.7M · 99 repeat orgs$1.7M to everyone else

Grantees it renews have grown median revenue +57% since the first grant, against +35% for those funded once.

99 repeat relationships: 39 still active in FY2024, 60 since wound down; 30 grantees were first funded in FY2024 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

99
107

Total granted

$8.7M
$1.3M

Median revenue growth · since first grant

+57%
+35%

Still filing today

68%
54%

New vs renewed · share of each year

In FY2024, 70% of grant dollars renewed an existing relationship; $396k went to new ones.

50%100%’17’18’19’20’21’22’23’24
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’17’18’19’20’21’22’23’24
Human ServicesEducationAnimalsHealthArts & CultureHousing & ShelterOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • SV
    ST VINCENT HOSPITAL FOUNDATION
    6× · 2017–2024 · $1.9M · revenue +55% · 54% of their budget
  • EV
    ESPANOLA VALLEY HUMANE SOCIETY
    7× · 2018–2024 · $479k · revenue +337%
  • GU
    GROWING UP NEW MEXICOINC
    6× · 2017–2022 · $295k · revenue +57%

Funded once

  • BC
    BERNAL COMMUNITY CENTER
    one grant, 2021 · $100k
  • TM
    THE MAY CENTER
    one grant, 2018 · $50k
  • TM
    THE MAY CENTER FOR LEARNINGgraduated
    one grant, 2017 · $25k · revenue +66%
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Community Power New Mexico
Community Improvement
2
Bold Futures Nm

Bold futures nm leads policy change, research, place-based organizing, and culture shift by and for women and people of color in new mexico. bold futures nm centers the lived experiences and expertise of those most impacted by an issue,…

Human Services
3
Leadership New Mexico

Strengthening new mexico by educating and connecting diverse leaders through experiential learning programs and activities.

Arts & Culture
4
Santa Fe Botanical Garden

The santa fe botanical garden celebrates, cultivates and conserves the rich botanical heritage and biodiversity of our region. in partnership with nature, we demonstrate our commitment through education, science, conservation, community…

Environment
5
Casa Partners 4NMKIDS Inc

The casa program is a community-based program that recruits, trains and supports citizen-volunteers to advocate for the best interests of abused and neglected children in courtrooms and communities. the organization serves children in…

Civil Rights
6
Santa Fe Animal Shelter and Humane Society Inc

To support animals, save lives, and spread compassion.

Animals
7
Association of Chinese-American Engineers and Scientists of New Mexico
Science & Tech
8
Social and Emotional Learning Alliance for Nm

Social and emotional learning (SEL) is integral to human development and education. Through reliable developmental relationships, young people learn who they are and imagine who they might become as healthy, contributing adults in their…

Education
9
Site Santa Fe

Guided by artists, rooted in new mexico, site santa fe celebrates contemporary creative expression.

Arts & Culture
10
Santa Fe Forest Coalition

Educate the public on forest conservation issues in New Mexico

Environment
11
New Mexico Acequia Association

To protect new mexico's water and acequias, grow healthy food for local families and communities, and to honor new mexico's cultural heritage.

Environment
12
The Helene Wurlitzer Foundation of New Mexico
—
How this is measured
The grantee most central to the portfolio’s shape is Santa Fe Playhouse; the most unlike its peers is Dlk Foundation. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

149 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 149 of the 239 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

4
Load-bearing (≥25% of a budget)
55
Early backer (in before they grew)
143/149
Grantees still filing
109/149
Grew since first funded

Where the money sits, by cause and then by grantee

DESERT ACADEMY: $1,067,851 · OtherDESERT ACADEMYLABORATORIES FOUNDATION: $336,000 · OtherLABORATORIES FOUNDATION+121 more: $3,363,000 · Other+121 moreST VINCENT HOSPITAL FOUNDATION: $1,866,668 · HealthST VINCENT HOSPITAL FOUN…+12 more: $327,325 · Health+12 moreNEW MEXICO SCHOOL FOR THE ARTS - ARTS INSTITUTE: $525,000 · EducationNEW MEXICO …Literacy Volunteers of Santa Fe: $75,000 · EducationLiteracy Vo…EMBUDO VALLEY TUTORING ASSOCIATION: $68,000 · EducationEMBUDO VALL…LSU FOUNDATION: $61,000 · EducationLSU FOUNDAT…CHAMPLAIN COLLEGE INCORPORATED: $50,000 · EducationNEURO-ACUPUNCTURE INSTITUTE INC: $45,000 · Education+11 more: $207,000 · Education+11 moreESPANOLA VALLEY HUMANE SOCIETY: $479,000 · AnimalsESPANOLA …KINDRED SPIRITS ANIMAL SANCTUARY: $161,000 · AnimalsKINDRED S…CHIMP HAVEN INC: $55,000 · AnimalsCHIMP HAV…ALLIANCE FOR THE EARTH: $30,000 · Animals+9 more: $141,000 · Animals+9 moreTHINK NEW MEXICO: $155,000 · Human ServicesEDEN CENTERS: $125,000 · Human ServicesTHE FOOD DEPOT: $76,000 · Human ServicesLAS CUMBRES COMMUNITY SERVICES: $40,000 · Human ServicesCOMING HOME CONNECTION: $25,000 · Human ServicesTENDERLOVE COMMUNITY CENTER INC: $20,000 · Human ServicesMemory Care Alliance: $20,000 · Human ServicesALBUQUERQUE HEALTH CARE FOR THE HOMELESS INC: $20,000 · Human Services+8 more: $90,460 · Human ServicesGROWING UP NEW MEXICOINC: $295,000 · PhilanthropySANTA FE COMMUNITY FOUNDATION: $70,000 · PhilanthropyBLUE SKY FOUNDATION INC: $60,000 · PhilanthropyLENSIC PERFORMING ARTS CENTER: $50,000 · PhilanthropyCOMMUNITY FOUNDATION OF LINCOLN COUNTY: $50,000 · PhilanthropyTIBETAN ASSOCIATION OF SANTA FE INC: $90,000 · Arts & CultureTHE SANTA FE FILM FESTIVAL INC: $50,500 · Arts & CultureMUSEUM OF NEW MEXICO FOUNDATION: $50,000 · Arts & CultureAMP Concerts: $42,000 · Arts & CultureSANTA FE FILM INSTITUTE: $30,000 · Arts & CultureOPERA WEST: $30,000 · Arts & CultureSANTA FE PLAYHOUSE: $20,000 · Arts & CultureCare With Me Foundation Inc: $15,000 · Arts & CultureSANTA FE CHILDREN'S MUSEUM INC: $15,000 · Arts & CultureTHE SANTA FE OPERA: $15,000 · Arts & CulturePUEBLO DE ABIQUIU LIBRARY AND CULTURAL CENTER: $14,000 · Arts & Culture+2 more: $20,000 · Arts & Culture
Other$4,766,851Health$2,193,993Education$1,031,000Animals$866,000Human Services$571,460Philanthropy$525,000Arts & Culture$391,500

Showing the 200 largest grantees by grant value.

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$100k$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetST VINCENT HOSPITAL FOUNDATION: $1,866,668 over 6y, 54% of budgetNEW MEXICO SCHOOL FOR THE ARTS - ARTS INSTITUTE: $525,000 over 6y, 3.4% of budgetESPANOLA VALLEY HUMANE SOCIETY: $479,000 over 7y, 2.6% of budgetGROWING UP NEW MEXICOINC: $295,000 over 6y, 2.2% of budgetKINDRED SPIRITS ANIMAL SANCTUARY: $161,000 over 7y, 9.1% of budgetTHINK NEW MEXICO: $155,000 over 7y, 3.3% of budgetEDEN CENTERS: $125,000 over 6y, 3.2% of budgetCOMMUNITY RENEWAL INTERNATIONAL INC: $111,500 over 4y, 2.5% of budgetSAINT ELIZABETH SHELTER CORPORATION: $106,000 over 6y, 1.1% of budgetNEW MEXICO WILDLIFE CENTER INC: $93,000 over 6y, 5.8% of budgetTIBETAN ASSOCIATION OF SANTA FE INC: $90,000 over 2y, 55% of budgetTOMORROW'S WOMEN: $85,000 over 6y, 3.2% of budgetINTERFAITH COMMUNITY SHELTER GROUP INC: $76,000 over 6y, 1.5% of budgetTHE FOOD DEPOT: $76,000 over 4y, 0.1% of budgetTHE NATURE CONSERVANCY: $75,000 over 3y, 0.0% of budgetLiteracy Volunteers of Santa Fe: $75,000 over 6y, 13% of budgetSANTA FE COMMUNITY FOUNDATION: $70,000 over 2y, 0.3% of budgetEMBUDO VALLEY TUTORING ASSOCIATION: $68,000 over 6y, 21% of budgetWOMEN'S INTERNATIONAL STUDY CENTER: $65,000 over 3y, 32% of budgetPlanned Parenthood Gulf Coast Inc: $65,000 over 3y, 0.1% of budgetLSU FOUNDATION: $61,000 over 2y, 0.0% of budgetBLUE SKY FOUNDATION INC: $60,000 over 3y, 1.0% of budgetNEW MEXICO COALITION TO END HOMELESSNESS: $60,000 over 5y, 0.9% of budgetHOMEWISE INC: $60,000 over 4y, 0.1% of budgetCHIMP HAVEN INC: $55,000 over 4y, 0.2% of budgetSEARCHLIGHT NEW MEXICO NEWS: $55,000 over 4y, 1.8% of budgetIMPACT PERSONAL SAFETY: $55,000 over 6y, 3.7% of budgetTHE SANTA FE FILM FESTIVAL INC: $50,500 over 6y, 75% of budgetLENSIC PERFORMING ARTS CENTER: $50,000 over 5y, 0.7% of budgetBLUE SKYE FOUNDATION: $50,000 over 1y, 6.7% of budgetCHAMPLAIN COLLEGE INCORPORATED: $50,000 over 2y, 0.0% of budgetSANTA FE CONSERVATION TRUST: $50,000 over 3y, 3.1% of budgetCOMMUNITY FOUNDATION OF LINCOLN COUNTY: $50,000 over 1y, 4.5% of budgetMUSEUM OF NEW MEXICO FOUNDATION: $50,000 over 2y, 0.3% of budgetGERARD'S HOUSE: $47,000 over 5y, 3.2% of budgetSOUTHWEST CREATIONS COLLABORATIVE: $45,000 over 3y, 1.3% of budgetNEURO-ACUPUNCTURE INSTITUTE INC: $45,000 over 2y, 8.8% of budgetAMP Concerts: $42,000 over 7y, 0.5% of budgetNEW MEXICO KIDS MATTER INC: $40,000 over 3y, 1.9% of budgetNEW MEXICO WILDLIFE FEDERATION: $40,000 over 2y, 2.5% of budgetLAS CUMBRES COMMUNITY SERVICES: $40,000 over 3y, 0.3% of budgetSOLACE SEXUAL ASSAULT SERVICES: $35,000 over 2y, 1.2% of budgetALLIANCE FOR THE EARTH: $30,000 over 3y, 16% of budgetSANTA FE FILM INSTITUTE: $30,000 over 3y, 11% of budgetREADING QUEST: $30,000 over 3y, 2.2% of budgetLife Circle: $30,000 over 2y, 18% of budgetOPERA WEST: $30,000 over 4y, 7.3% of budgetSANTA FE RAPTOR CENTER: $27,000 over 2y, 16% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds ST VINCENT HOSPITAL FOUNDATION ↗
  • Who funds NEW MEXICO SCHOOL FOR THE ARTS - ARTS INSTITUTE ↗
  • Who funds ESPANOLA VALLEY HUMANE SOCIETY ↗
  • Who funds GROWING UP NEW MEXICOINC ↗
  • Who funds KINDRED SPIRITS ANIMAL SANCTUARY ↗
  • Who funds THINK NEW MEXICO ↗
  • Who funds EDEN CENTERS ↗
  • Who funds COMMUNITY RENEWAL INTERNATIONAL INC ↗
  • Who funds SAINT ELIZABETH SHELTER CORPORATION ↗
  • Who funds NEW MEXICO WILDLIFE CENTER INC ↗
  • Who funds TIBETAN ASSOCIATION OF SANTA FE INC ↗
  • Who funds TOMORROW'S WOMEN ↗
  • Who funds INTERFAITH COMMUNITY SHELTER GROUP INC ↗
  • Who funds THE FOOD DEPOT ↗
  • Who funds THE NATURE CONSERVANCY ↗
  • Who funds Literacy Volunteers of Santa Fe ↗
  • Who funds SANTA FE COMMUNITY FOUNDATION ↗
  • Who funds EMBUDO VALLEY TUTORING ASSOCIATION ↗
  • Who funds WOMEN'S INTERNATIONAL STUDY CENTER ↗
  • Who funds Planned Parenthood Gulf Coast Inc ↗
  • Who funds LSU FOUNDATION ↗
  • Who funds BLUE SKY FOUNDATION INC ↗
  • Who funds NEW MEXICO COALITION TO END HOMELESSNESS ↗
  • Who funds HOMEWISE INC ↗
  • Who funds CHIMP HAVEN INC ↗
  • Who funds SEARCHLIGHT NEW MEXICO NEWS ↗
  • Who funds IMPACT PERSONAL SAFETY ↗
  • Who funds THE SANTA FE FILM FESTIVAL INC ↗
  • Who funds LENSIC PERFORMING ARTS CENTER ↗
  • Who funds BLUE SKYE FOUNDATION ↗
  • Who funds CHAMPLAIN COLLEGE INCORPORATED ↗

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Santa Fe Community Fo…Marshall L and Perrin…Albuquerque Community…Thornburg FoundationAnchorum St VincentNusenda FoundationNancy Ann Mellen Foun…Con Alma Health Found…Brindle FoundationLos Alamos National L…Pnm Tnmp FoundationSt Vincent Hospital
Santa Fe Community FoundationNM121.3× affinity66 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Santa Fe Community Foundation · Marshall L and Perrine D McCune Charitable Foundation Inc · Albuquerque Community Foundation · Thornburg Foundation · Anchorum St Vincent · Nusenda Foundation · Nancy Ann Mellen Foundation · Con Alma Health Foundation Inc · Brindle Foundation · Los Alamos National Laboratory Foundation · Pnm Tnmp Foundation · St Vincent Hospital

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization The Frost Foundation funds: left to right is the share of its income from government, bottom to top the share from The Frost Foundation. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 00%6%23%51%90%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →median 0%
  • Champlain College Incorporated: 0% of income from government
no gov moneyreceives it· size = income
0get no government money at all
43report government grants on their 990 we could not trace to a source (not plotted)
0rely on government for over half their income
typical government reliance, FY20–25
How this is measured
Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 239 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990-PF e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

Play a game based on Frost’s filings →

More from the funding graph

The unnamed billions
grants reported with no recipient in the public record
The regranting layer
51% of grant dollars land in the regranting layer
The DAF merry-go-round
$9.7B circulates between donor-advised funds
The endowment market
who holds foundation money, and what just moved
The camps
funders cluster by geography, not ideology
By state
where grant money is based, and what stays home