About Frost Foundation
THE FROST FOUNDATION is based in Santa Fe, NM, and reported $3,121,095 in annual grants with $34,307,771 in total assets on its latest 990 year on file, 2025. Its giving is regional, and the available data show a strong concentration in New Mexico, where it makes 69% of grants and where it gives most often. Recent grantmaking centers on animal welfare, healthcare, and residential arts education, with operating support appearing frequently across the grant record. Named grantees include ESPANOLA HUMANE, which received $260,000 in 2025 and $50,000 in 2024; LABORATORIES FOUNDATION, which received $144,000 in 2025 and $96,000 in both 2023 and 2024; and ST VINCENT HOSPITAL FOUNDATION, which received $100,000 in both 2025 and 2024. Other recurring recipients include NEW MEXICO SCHOOL FOR THE ARTS, KINDRED SPIRITS ANIMAL SANCTUARY, and THE FOOD DEPOT. The grant sizes in the data are generally mid-sized, with a typical range of $10,000 at the 25th percentile, $12,500 at the median, and $18,750 at the 75th percentile. THE FROST FOUNDATION also funds some policy research and public education, and the recent grant list shows repeat support to established local organizations rather than one-time awards.
What Frost Foundation Funds
Recent grantmaking spans animal welfare, healthcare and health-related operating support, residential arts education, and policy research and public education. Notable grants include ESPANOLA HUMANE for operating support, including $260,000 in 2025 and $50,000 in 2024; LABORATORIES FOUNDATION for operating support, including $144,000 in 2025 and $96,000 in 2024; and ST VINCENT HOSPITAL FOUNDATION for operating support, including $100,000 in 2025 and $100,000 in 2024. THE FROST FOUNDATION also funded NEW MEXICO SCHOOL FOR THE ARTS with a $100,000 residential program grant in 2023 and gave THINK NEW MEXICO $30,000 in 2023 and $20,000 in 2024 for policy research and public education projects.
How Frost Foundation Gives
THE FROST FOUNDATION’s recent grants are mostly operating support, with repeated awards to established nonprofit partners in New Mexico. The grant-size data suggest a typical award of $12,500 at the median, with $10,000 at the 25th percentile and $18,750 at the 75th percentile. Recent examples range from $20,000 to $260,000, including several $25,000 and $50,000 awards. The foundation accepts unsolicited applications through its semiannual grant programs. It gives to nonprofit organizations, and some programs also allow fiscally sponsored projects and government or tribal entities serving New Mexico and Louisiana.
