Editing Bill Frist (section)

===Finances===
As of 2005, Frist had a fortune in the millions of dollars, most of it the result of his ownership of stock in Hospital Corporation of America, the for-profit hospital chain founded by his brother and father. Frist's 2005 financial disclosure form listed blind trusts valued between $15 million and $45 million.<ref>{{Cite web|url=http://tennessean.com/apps/pbcs.dll/article?AID=/20050921/NEWS02/509210418|title=None|website=[[The Tennessean]]}}{{Dead link|date=October 2023 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>

Members of the Frist family have been major donors to Princeton University, pledging a reported $25 million in 1997 for the construction of the Frist Campus Center.<ref>{{cite web|url=http://www.princeton.edu/~paw/archive_old/PAW97-98/03-1022/1022note.html|title=PAW- October 22, 1997|website=www.princeton.edu}}</ref><ref>{{cite web |url=http://www.princetonspectator.com/news/2001/05/09/Interview/An.Interview.With.Senator.Bill.Frist.74-75174.shtml |title=An Interview with Senator Bill Frist '74 |author1=Ward, Daniel L. |date=May 1, 2009  |work=The Princeton Spectator  |archive-url=https://web.archive.org/web/20050424210503/http://www.princetonspectator.com/news/2001/05/09/Interview/An.Interview.With.Senator.Bill.Frist.74-75174.shtml |archive-date=April 24, 2005 }}</ref>

Bill and Karyn Frist were the sole trustees in charge of a family foundation bearing the senator's name which had more than $2 million in assets in 2004. He and his siblings were vice presidents of another charitable foundation bearing their parents' names. The status of Frist's [[blind trust]], and subsequent statements about it and activities within it, led to an SEC investigation. He was questioned in 2005 by the [[Securities and Exchange Commission]] (SEC) about stock sales allegedly based on inside information.<ref>{{cite news| url=https://www.washingtonpost.com/wp-dyn/content/article/2005/09/23/AR2005092301811.html | newspaper=The Washington Post | title=SEC, Justice Investigate Frist's Sale of Stock | first1=Jeffrey H. | last1=Birnbaum | first2=R. Jeffrey | last2=Smith | date=September 24, 2005}}</ref><ref>{{cite news|last1=Davidson|first1=Paul|title=SEC launches formal investigation of Frist|url=http://usatoday30.usatoday.com/news/washington/2005-09-29-frist-usat_x.htm|access-date= January 10, 2015|work=[[USA Today]]|date= September 29, 2005}}</ref> The investigation was closed after 18 months with no charges were filed.<ref>Carrie Johnson, "Frist Not Charged as Investigators Close Probe of His Hospital Stock Sales". ''[[The Washington Post]]'', [https://web.archive.org/web/20150329175618/http://www.highbeam.com/doc/1P2-5878576.html April 27, 2007].</ref> Frist said in a statement, "I've always conducted myself according to the highest ethical standards in both my personal and public life, and my family and I are pleased that this matter has been resolved."<ref>[https://www.washingtonpost.com/wp-dyn/content/article/2007/04/26/AR2007042602343.html Frist Not Charged as Investigators Close Probe of His Hospital Stock Sales] Washington Post, April 27, 2007</ref>