Frances Masser Charitable Trust
Frances Masser Charitable Trust is a private foundation, based in Clearwater, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.2M in total assets. In 2024, it awarded 7 grants totaling $340K.
Frances Masser Charitable Trust at a glance
In short: Frances Masser Charitable Trust gave $340K across 7 grants in 2024 (avg $49K), top state Kentucky. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $340,000
- -36.4% vs 2023
- Grants made (2024)
- 7
- +0.0% vs 2023
- Average grant
- $48,571
- -36.4% vs 2023
- Median grant
- $40,800
- Total assets
- $7,222,527
- -5.2% vs 2023
- Primary geography
- Kentucky (36% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Frances Masser Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Ncoe Alumni Scholarship Fund - #37-6108563 ($68K). Together the top 7 received $340K.
Grant Size Distribution
35 grants across all recorded years
The most common grant size was in the $50–100K range: 22 grants of 35 (63%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How Frances Masser Charitable Trust gives
- Giving fell 38% from 2021 to 2024. Method
- In 2024 it paid out 85% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $340K (2024) to $716K (2022). In 2024 it made 7 grants totaling $340K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ncoe Alumni Scholarship Fund - #37-6108563 Genoa, IL | To Fund Scholarships at the School. | $68,000 |
| Purdue University Veterinary School - #35-6002041 West Lafayette, IN | To Fund Scholarships at the School. | $68,000 |
| Animal Care Society - #61-1053516 Louisville, KY | Unrestricted Donation | $40,800 |
| Kentucky Humane Society - #61-0463938 Louisville, KY | Unrestricted Donation | $40,800 |
| Tufts University School of Veterinary Medicine - #042-103634 Medford, MA | To Fund Scholarships at the School. | $40,800 |
| University of Illinois Veterinary School - #37-6000511 Urbana, IL | To Fund Scholarships at the School. | $40,800 |
| University of Kentucky College of Agriculture - #61-6001218 Lexington, KY | To fund scholarships for students interested in continuing their study of veterinary medicine at the auburn university school of veterinary medicine through the southern regional education board plan. | $40,800 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $7,222,527 | $-56,234 | $424,752 | $340,000 | 7 | $340,000 | — | $397,943 |
| 2023 | $7,622,683 | $-3,425,182 | $637,713 | $534,482 | 7 | $534,482 | $48,529 | $333,440 |
| 2022 | $9,507,584 | $-3,053,466 | $890,435 | $716,477 | 7 | $716,477 | $11,950 | $534,481 |
| 2021 | $13,431,590 | $1,023,918 | $716,262 | $552,284 | 7 | $552,284 | $859,940 | $716,514 |
| 2020 | $13,136,167 | $2,864,398 | $665,556 | $510,832 | 7 | — | $2,709,674 | $552,247 |
Under IRS private-foundation payout rules, Frances Masser Charitable Trust reported a distributable amount of $398K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Frances Masser Charitable Trust is led by T. Craig Wilson, Trustee on every filing since 2020 — the only officer listed, and compensated.
Officers on the 2024 filing
T. Craig Wilson
Trustee
On filings since 2020
10 hrs/week
$119K (2020) → $78K (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $78K, to T Craig Wilson (Trustee).
Frequently asked questions about Frances Masser Charitable Trust
How much does Frances Masser Charitable Trust give each year?
Frances Masser Charitable Trust gave $340K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $534K across 7 grants.
What is Frances Masser Charitable Trust's typical grant size?
Frances Masser Charitable Trust's median grant in 2024 was $40,800, and its average grant was $48,571, across 7 grants on its 2024 IRS Form 990-PF.
Where does Frances Masser Charitable Trust give grants?
Frances Masser Charitable Trust's top state is Kentucky, with 36% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Illinois (32%) and Indiana (20%). The most frequent recipient cities were Louisville, KY (2 grants).
Does Frances Masser Charitable Trust give general operating support?
Yes: 29% of Frances Masser Charitable Trust's 2024 grants with a stated purpose (2 of 7) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "To Fund Scholarships at the School." (4 grants).
Who are Frances Masser Charitable Trust's largest grantees?
Frances Masser Charitable Trust's largest 2024 grantees include Ncoe Alumni Scholarship Fund - #37-6108563 ($68,000), Purdue University Veterinary School - #35-6002041 ($68,000) and Animal Care Society - #61-1053516 ($40,800), according to its 2024 IRS Form 990-PF. Together they received 52% of its itemized 2024 grant dollars.
How large is Frances Masser Charitable Trust?
Frances Masser Charitable Trust reported $7.2M in total assets on its 2024 IRS Form 990-PF. It paid out $340K in qualifying distributions that year, against a required minimum of $398K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Frances Masser Charitable Trust's EIN?
Frances Masser Charitable Trust's EIN (Employer Identification Number) is 27-6548145. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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