John and Dorothy Masternick Foundation
John and Dorothy Masternick Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GIRARD, OH. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $4.8M in total assets. In 2024, it awarded 13 grants totaling $220K. Net investment income was $227K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.8M
+0.1% YoY
Annual Giving
$220K
-2.2% YoY
Grant Count
13
+18.2% YoY
Avg Grant Size
$17K
-17.3% YoY
Under IRS private-foundation payout rules, John and Dorothy Masternick Foundation reported a distributable amount of $222K for 2024 — the minimum it must pay out in qualifying distributions.
About John and Dorothy Masternick Foundation
Based on IRS filings
John and Dorothy Masternick Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GIRARD, OH. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $4.8M in total assets. In 2024, it awarded 13 grants totaling $220K. Net investment income was $227K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,755,690 | $4,751,601 | $4,765,718 |
| Revenue | $239,720 | $224,950 | $440,790 |
| Expenses | $235,631 | $239,067 | $186,572 |
| Qualifying Distributions | $220,000 | $225,000 | $175,000 |
| Net Investment Income | $227,196 | $214,047 | $196,721 |
| Distributable Amount | $221,656 | $224,597 | $221,221 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
48 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Rochester Institute of Technology ($100,000), Mercy Health ($45,000), Youngstown State University ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ETI NILES, OH | EDUCATION & SCHOLARSHIP PROGRAMS | $7,955 |
| GIRARD SCHOOLS GIRARD, OH | EDUCATION & SCHOLARSHIP PROGRAMS | $14,216 |
| KENT STATE UNIVERSITY KENT, OH | EDUCATION & ADVANCEMENT OF MEDICAL TEACHING FACILITIES | $3,580 |
| MERCY HEALTH BOARDMAN, OH | EDUCATION & ADVANCEMENT OF MEDICAL TEACHING FACILITIES | $45,000 |
| ROCHESTER INSTITUTE OF TECHNOLOGY ROCHESTER, NY | EDUCATION & SCHOLARSHIP PROGRAMS | $100,000 |
| YOUNGSTOWN STATE UNIVERSITY YOUNGSTOWN, OH | EDUCATION & SCHOLARSHIP PROGRAMS | $25,000 |
| EASTERN GATEWAY COMMUNITY COLLEGE STEUBENVILLE, OH | EDUCATION & SCHOLARSHIP PROGRAMS | $1,749 |
| VENANGO TECH CENTER OIL CITY, PA | EDUCATION & SCHOLARSHIP PROGRAMS | $2,500 |
| INDIANA UNIVERSITY OF PA INDIANA, PA | EDUCATION & SCHOLARSHIP PROGRAMS | $2,500 |
| CHOFFIN CTC YOUNGSTOWN, OH | EDUCATION & SCHOLARSHIP PROGRAMS | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KENNETH R JAMES | TRUSTEE | — | — |
| MARC MASTERNICK | TRUSTEE | — | — |
| JOHN P DALIMAN | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is John and Dorothy Masternick Foundation?
John and Dorothy Masternick Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GIRARD, OH. It holds $4.8M in total assets as of 2024.
How large is John and Dorothy Masternick Foundation?
As of 2024, John and Dorothy Masternick Foundation holds $4.8M in total assets with $240K in annual revenue. It awarded 13 grants totaling $220K in 2024.
Where does John and Dorothy Masternick Foundation operate?
John and Dorothy Masternick Foundation has awarded grants in New York, Ohio, Pennsylvania.
What size grants does John and Dorothy Masternick Foundation award?
In 2024, John and Dorothy Masternick Foundation awarded 13 grants totaling $220K — an average of about $17K per grant, based on its IRS Form 990 filings.
How much is John and Dorothy Masternick Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, John and Dorothy Masternick Foundation reported a distributable amount of $222K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is John and Dorothy Masternick Foundation's EIN?
John and Dorothy Masternick Foundation's EIN (Employer Identification Number) is 31-1681589. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in John and Dorothy Masternick Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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