The Frost Foundation was created on March 19, 1959, to be operated exclusively for education, charitable and religious purposes.
The Frost Foundation was named in honor of Edwin Ambrose Frost and Virginia Chapelle Frost. Its first Board of Directors was composed of Mrs. Mary Frost Willis, Mrs. Elizabeth Frost Whited, Frank T. Whited, Mrs. Mary Virginia Loftus, Edwin Frost Whited and W. Scott Wilkinson.
The Foundation possesses all powers, rights, privileges, capacities, and immunities which nonprofit corporations are authorized to possess under the Constitution and Laws of Louisiana, and particularly under Title 12, Section 101 et seq., Louisiana Revised Statutes, and has been authorized to operate in New Mexico as a foreign corporation with the name of The Frost Foundation, Ltd.