Josephine M and Rita C Mastracci
Josephine M and Rita C Mastracci is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $585K in total assets. In 2024, it awarded 5 grants totaling $77K. Net investment income was $88K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$585K
+0.3% YoY
Annual Giving
$77K
-3.8% YoY
Grant Count
5
-28.6% YoY
Avg Grant Size
$15K
+34.7% YoY
Under IRS private-foundation payout rules, Josephine M and Rita C Mastracci reported a distributable amount of $91K for 2024 — the minimum it must pay out in qualifying distributions.
About Josephine M and Rita C Mastracci
Based on IRS filings
Josephine M and Rita C Mastracci is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $585K in total assets. In 2024, it awarded 5 grants totaling $77K. Net investment income was $88K.
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 | $585,191 | $583,561 | $617,090 |
| Revenue | $101,514 | $64,590 | $16,070 |
| Expenses | $99,884 | $98,119 | $113,713 |
| Qualifying Distributions | $83,275 | $84,703 | $94,416 |
| Net Investment Income | $88,316 | $51,512 | $1,072 |
| Distributable Amount | $91,175 | $81,888 | $84,114 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
31 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Uss Constitution Museum ($26,000), Perkins School for the Blind ($20,000), Massachusetts General Hospital ($16,000).
| Recipient | Purpose | Amount |
|---|---|---|
| GREATER BOSTON FOOD BANK BOSTON, MA | TO PROVIDE FOOD TO THOSE IN NEED CREATED BY THE COVID-19 PANDEMIC | $5,000 |
| MASSACHUSETTS GENERAL HOSPITAL BOSTON, MA | TO PURSUE THE MOST PROMISING AND INNOVATIVE RESEARCH AND CLINICAL OPPORTUNITIES | $16,000 |
| PERKINS SCHOOL FOR THE BLIND WATERTOWN, MA | TO IMPROVE THE LIVES OF PEOPLE WITH BLINDNESS AND DEFBLINDNESS ALL AROUND THE WORLD | $20,000 |
| USS CONSTITUTION MUSEUM BOSTON, MA | TO SPARK EXCITEMENT ABOUT MARITIME HERITAGE, NAVAL SERVICE AND THE AMERICAN EXPERIENCE. | $26,000 |
| WOUNDED WARRIOR PROJECT TOPEKA, KS | TO PROVIDE PROGRAMS, SERVICES AND EVENTS FOR WOUNDED VETERANS OF THE US MILITARY | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| AMORY LORING LOGAN | TRUSTEE | 1 | $4,868 |
| NUSHIN KORMI | TRUSTEE | 1 | $4,867 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Josephine M and Rita C Mastracci?
Josephine M and Rita C Mastracci is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. It holds $585K in total assets as of 2024.
How large is Josephine M and Rita C Mastracci?
As of 2024, Josephine M and Rita C Mastracci holds $585K in total assets with $102K in annual revenue. It awarded 5 grants totaling $77K in 2024.
Where does Josephine M and Rita C Mastracci operate?
Josephine M and Rita C Mastracci has awarded grants in Kansas, Kentucky, Massachusetts.
What size grants does Josephine M and Rita C Mastracci award?
In 2024, Josephine M and Rita C Mastracci awarded 5 grants totaling $77K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is Josephine M and Rita C Mastracci required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Josephine M and Rita C Mastracci reported a distributable amount of $91K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Josephine M and Rita C Mastracci's EIN?
Josephine M and Rita C Mastracci's EIN (Employer Identification Number) is 35-2409965. IRS Form 990 filing data is available on this page for 2019–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.