Masters Tournament Foundation Inc
Preselected recipients only
Masters Tournament Foundation Inc is a private foundation in Augusta, Georgia. In tax year 2024 it gave $63.7 million in 10 grants; the typical grant was $200,000 and the largest $62.0 million. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$63.7 million
- Number of grants10
- Typical grant$200,000
- Largest grant$62.0 million
- Assets$18.3 million
- New grantees60%
Giving in 2024 was up from $498,000 the year before.
60% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $498,000 | 6 | $81.8 million |
| 2024 | $63.7 million | 10 | $18.3 million |
How to apply
Masters Tournament Foundation Inc says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Masters Tournament Foundation Inc funds
Where it gives
Its grants went to recipients in 5 states, the most to Georgia.
| State | Grants | Amount |
|---|---|---|
| Georgia | 3 | $62.4 million |
| Florida | 4 | $925,000 |
| New Jersey | 1 | $200,000 |
| Virginia | 1 | $108,000 |
| Kansas | 1 | $15,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Masters Tournament Charities Inc | Community support, enrichment, and foster sport of golf | $62.0 million |
| Pga Tour First Tee Foundation Inc | Foster sport of golf | $500,000 |
| First Tee of Augusta | Foster sport of golf | $400,000 |
| Pga Foundation Inc | Foster sport of golf | $200,000 |
| The Lpga Foundation | Foster sport of golf | $200,000 |
| Usga | Foster sport of golf | $200,000 |
| Caf America | Foster sport of golf | $108,000 |
| National Golf Foundation | Foster sport of golf | $25,000 |
| The Georgia Golf & Environmental Foundation Inc | Foster sport of golf | $25,000 |
| The Environmental Institute for Golf | Foster sport of golf | $15,000 |
Officers and trustees
- Fred S Ridley
- S Taylor Glover
- Robert L Johnston
- W Patrick Battle
- Craig L Heatley
- Edward D Herlihy
- Terence F McGuirk
- Brian L Roberts
- Lee J Styslinger III
- Thomas C Nelson
- Kessel D Stelling Jr
Questions people ask
Does Masters Tournament Foundation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Masters Tournament Foundation Inc give?
$63.7 million in tax year 2024, across 10 grants, with a typical grant of $200,000.
Who runs Masters Tournament Foundation Inc?
Its 2024 filing lists Fred S Ridley (Director), S Taylor Glover (President and Ceo), Robert L Johnston (Secretary and Treasurer) and W Patrick Battle (Director) among 11 officers and trustees.
What does Masters Tournament Foundation Inc fund?
Based on its grants, mainly human services and environment and conservation.