Josephine M and Rita C Mastracci
Josephine M and Rita C Mastracci is a private foundation, based in Boston, MA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $606K in total assets. In 2025, it awarded 5 grants totaling $84K. Net investment income was $116K.
Josephine M and Rita C Mastracci at a glance
In short: Josephine M and Rita C Mastracci gave $84K across 5 grants in 2025 (avg $17K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $84,455
- +9.7% vs 2024
- Grants made (2025)
- 5
- +0.0% vs 2024
- Average grant
- $16,891
- +9.7% vs 2024
- Median grant
- $15,000
- Total assets
- $605,754
- +3.5% vs 2024
- Primary geography
- Massachusetts (88% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Josephine M and Rita C Mastracci funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was USS Constitution Museum ($35K). Together the top 5 received $84K.
Grant Size Distribution
31 grants across all recorded years
The most common grant size was under $50K: 31 grants of 31 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How Josephine M and Rita C Mastracci gives
- Giving held roughly steady from 2022 to 2025 (−6%). Method
- In 2025 it paid out 101% of its IRS minimum distribution (the 5% rule). 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 2019 to 2025, annual grant giving ranged from $30K (2019) to $90K (2022). In 2025 it made 5 grants totaling $84K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| USS Constitution Museum Boston, MA | To spark excitement about maritime heritage, naval service and the American experience. | $35,000 |
| Perkins School for the Blind Watertown, MA | To improve the lives of people with blindness and defblindness all around the world | $20,000 |
| Massachusetts General Hospital Boston, MA | To pursue the most promising and innovative research and clinical opportunities | $15,000 |
| Wounded Warrior Project Topeka, KS | To provide programs, services and events for wounded veterans of the us military | $10,000 |
| Special Olympics Massachusetts Marlborough, MA | To foster inclusion, empowerment and health for children and adults with intellectual disabilities | $4,455 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $605,754 | $128,066 | $107,503 | $84,455 | 5 | $90,608 | $115,789 | $89,919 |
| 2024 | $585,191 | $101,514 | $99,884 | $77,000 | 5 | $83,275 | $88,316 | $91,175 |
| 2023 | $583,561 | $64,590 | $98,119 | $80,000 | 7 | $84,703 | $51,512 | $81,888 |
| 2022 | $617,090 | $16,070 | $113,713 | $90,000 | 8 | $94,416 | $1,072 | $84,114 |
| 2021 | $714,733 | $178,392 | $95,002 | $75,000 | 6 | $79,675 | $171,113 | $95,938 |
| 2020 | $631,343 | $-41,075 | $82,708 | $65,000 | 5 | — | $3,979 | $80,810 |
| 2019 | $755,126 | $51,707 | $47,895 | $30,000 | 4 | — | $40,602 | $75,065 |
Under IRS private-foundation payout rules, Josephine M and Rita C Mastracci reported a distributable amount of $90K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Josephine M and Rita C Mastracci's 2025 filing lists 2 officers; all 2 officers listed in 2025 are compensated.
Officers on the 2025 filing
Amory Loring Logan
Trustee
On filings since 2019
1 hr/week
$3K (2019) → $5K (2025)
Nushin Kormi
Trustee
On filings since 2021
1 hr/week
$3K (2021) → $5K (2025)
Former officers (3)
- Former: Frederick D. Ballou (2019–2022) — Trustee
- Former: Peter B. Loring (2019–2020) — Trustee · Filing note: Resigned 033120
- Former: Nushin Kormi - Appointed (2020) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $5K, to Amory Loring Logan (Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Josephine M and Rita C Mastracci
How much does Josephine M and Rita C Mastracci give each year?
Josephine M and Rita C Mastracci gave $84K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $77K across 5 grants.
What is Josephine M and Rita C Mastracci's typical grant size?
Josephine M and Rita C Mastracci's median grant in 2025 was $15,000, and its average grant was $16,891, across 5 grants on its 2025 IRS Form 990-PF.
Where does Josephine M and Rita C Mastracci give grants?
Josephine M and Rita C Mastracci gives mostly in Massachusetts: 88% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Kansas (12%). The most frequent recipient cities were Boston, MA (2 grants).
Does Josephine M and Rita C Mastracci give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on Josephine M and Rita C Mastracci's 2025 IRS Form 990-PF were described as general or operating support.
Who are Josephine M and Rita C Mastracci's largest grantees?
Josephine M and Rita C Mastracci's largest 2025 grantees include USS Constitution Museum ($35,000), Perkins School for the Blind ($20,000) and Massachusetts General Hospital ($15,000), according to its 2025 IRS Form 990-PF. Together they received 83% of its itemized 2025 grant dollars.
How large is Josephine M and Rita C Mastracci?
Josephine M and Rita C Mastracci reported $606K in total assets on its 2025 IRS Form 990-PF. It paid out $91K in qualifying distributions that year, against a required minimum of $90K (roughly 5% of its investment assets).
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 10, 2020)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 4, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 27, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
Live grants for the work Josephine M and Rita C Mastracci funds
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