Masters Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FRISCO, TX. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $6.0M in total assets. In 2024, it awarded 1 grants totaling $720K. Net investment income was $43.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.0M
+0.3% YoY
Annual Giving
$720K
-8.5% YoY
Grant Count
1
-50.0% YoY
Avg Grant Size
$720K
+83.0% YoY
Under IRS private-foundation payout rules, Masters Foundation Inc reported a distributable amount of $285K for 2024 — the minimum it must pay out in qualifying distributions.
About Masters Foundation Inc
Based on IRS filings
Masters Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FRISCO, TX. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $6.0M in total assets. In 2024, it awarded 1 grants totaling $720K. Net investment income was $43.
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 |
|---|---|---|
| Total Assets | $6,021,839 | $6,003,175 |
| Revenue | $2,094,363 | $2,064,114 |
| Expenses | $1,669,447 | $1,890,479 |
| Qualifying Distributions | $720,000 | $786,700 |
| Net Investment Income | $43 | $19,940 |
| Distributable Amount | $285,345 | $77,546 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Master Cares Foundation Inc ($720,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE MASTER CARES FOUNDATION INC FRISCO, TX | THE MASTER CARES FOUNDATION The Master Cares Foundation seeks to provide the basic necessities of life for those in need in and around Celina Texas. The Master Cares Foundation is strategically focused on caring for the whole person through efforts that include food assistance eye care clothing provisions and Spiritual Development. Whether through a box of food an article of clothing or a simple conversation the ministry strives to build relationships that will lead people to transforming encounters with Christ. | $720,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHARLES LOPER JR | CHAIRMAN | — | — |
| CAROL LOPER | BOARD MEMBER | — | — |
| CHARLES LOPER III | CO-CHAIRMAN | — | — |
| JAMES BRADSHAW | CO-CHAIRMAN | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Masters Foundation Inc?
Masters Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FRISCO, TX. It holds $6.0M in total assets as of 2024.
How large is Masters Foundation Inc?
As of 2024, Masters Foundation Inc holds $6.0M in total assets with $2.1M in annual revenue. It awarded 1 grants totaling $720K in 2024.
Where does Masters Foundation Inc operate?
Masters Foundation Inc has awarded grants in Texas.
What size grants does Masters Foundation Inc award?
In 2024, Masters Foundation Inc awarded 1 grants totaling $720K — an average of about $720K per grant, based on its IRS Form 990 filings.
How much is Masters Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Masters Foundation Inc reported a distributable amount of $285K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Masters Foundation Inc's EIN?
Masters Foundation Inc's EIN (Employer Identification Number) is 75-2883327. IRS Form 990 filing data is available on this page for 2023–2024.
Explore Open Grants
Browse active grant opportunities in Masters Foundation Inc'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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