Josephine M and Rita C Mastracci

Private foundation · Grantmaker Boston, MA EIN: 35-2409965

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.

Key facts about Josephine M and Rita C Mastracci

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.

EIN
35-2409965
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$84,455
Grants made (2025)
5
Average grant
$16,891
Median grant
$15,000
Total assets
$605,754
Primary geography
Massachusetts (88% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$606K

+3.5% YoY

Annual Giving

$84K

+9.7% YoY

Grant Count

5

+0.0% YoY

Avg Grant Size

$17K

+9.7% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2025 grant dollars across all 5 itemized grants.

Cities

BostonWatertownTopekaCharlestownErlangerSalemJamaica PlainMarlboroughWorcester

Giving Over Time

Total grant dollars and number of grants per year

$0$25K$50K$75K$100K4 grants2019 5 grants2020 6 grants2021 8 grants2022 7 grants2023 5 grants2024 5 grants2025

From 2019 to 2025, annual grant giving ranged from $30K (2019) to $90K (2022). In 2025 it made 5 grants totaling $84K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2025

USS Constitution Museum: $35KUSS Constitution Museum$35KPerkins School for the Blind: $20KPerkins School for the Blind$20KMassachusetts General Hospital: $15KMassachusetts General Hospital$15KWounded Warrior Project: $10KWounded Warrior Project$10KSpecial Olympics Massachusetts: $4KSpecial Olympics Massachusetts$4K

The largest 2025 recipient was USS Constitution Museum ($35K). Together the top 5 received $84K.

Grant Size Distribution

31 grants across all recorded years

31<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 31 grants of 31 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
USS Constitution Museum Boston, MATo spark excitement about maritime heritage, naval service and the American experience.$35,000
Perkins School for the Blind Watertown, MATo improve the lives of people with blindness and defblindness all around the world$20,000
Massachusetts General Hospital Boston, MATo pursue the most promising and innovative research and clinical opportunities$15,000
Wounded Warrior Project Topeka, KSTo provide programs, services and events for wounded veterans of the us military$10,000
Special Olympics Massachusetts Marlborough, MATo foster inclusion, empowerment and health for children and adults with intellectual disabilities$4,455

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K$200K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$605,754$585,191$583,561
Revenue$128,066$101,514$64,590
Expenses$107,503$99,884$98,119
Qualifying Distributions$90,608$83,275$84,703
Net Investment Income$115,789$88,316$51,512
Distributable Amount$89,919$91,175$81,888

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS June 10, 2020)
  2. Updated Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
  3. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 12, 2021)
  4. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 4, 2022)
  5. Updated Form 990-PF for fiscal year 2022 (received by the IRS April 27, 2023)
  6. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 6, 2024)
  7. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)

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

Amory Loring Logan — Trustee: $5KAmory Loring LoganTrustee$5KNushin Kormi — Trustee: $5KNushin KormiTrustee$5K

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.

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