Masters Foundation Inc

Private foundation · Grantmaker Frisco, TX EIN: 75-2883327

Masters Foundation Inc is a private foundation, 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 grant totaling $720K. Net investment income was $43.

Key facts about Masters Foundation Inc

In short: Masters Foundation Inc gave $720K across 1 grant in 2024 (avg $720K), mostly in Texas. Source: 2024 IRS Form 990-PF.

EIN
75-2883327
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$720,000
Grants made (2024)
1
Average grant
$720,000
Median grant
$720,000
Total assets
$6,021,839
Primary geography
Texas (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

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.

How Masters Foundation Inc gives

  • In 2024 it paid out 252% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Your AI grants department

Ready to take the next step with Masters Foundation Inc?

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 1 itemized 2024 grant dollars.

States

Cities

FriscoCelina

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K$800K2 grants20231 grants2024

From 2023 to 2024, annual grant giving ranged from $720K (2024) to $787K (2023). In 2024 it made 1 grant totaling $720K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

The Master Cares Foundation Inc: $720KThe Master Cares FoundationInc$720K

The largest 2024 recipient was The Master Cares Foundation Inc ($720K).

Grant Size Distribution

3 grants across all recorded years

1<$50K$50–100K$100–250K$250–500K2$500K–1M$1–5M$5M+

The most common grant size was in the $500K–1M range: 2 grants of 3 (67%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
The Master Cares Foundation Inc Frisco, TXTHE 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

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M20232024
Metric20242023
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

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2023–2024

Leadership & Key People

Officers and directors from IRS filings

Masters Foundation Inc is led by Charles Loper III, Co-Chairman on every filing since 2023; none of the 4 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Charles Loper III

    Co-Chairman

    On filings since 2023

    No compensation reported

  • Charles Loper Jr.

    Chairman

    On filings since 2023

    No compensation reported

  • James Bradshaw

    Co-Chairman

    On filings since 2023

    No compensation reported

  • Carol Loper

    Board Member

    On filings since 2023

    No compensation reported

Data from IRS Form 990 filings, 2023–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Masters Foundation Inc

How much does Masters Foundation Inc give each year?

Masters Foundation Inc gave $720K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $787K across 2 grants.

How large is Masters Foundation Inc?

Masters Foundation Inc reported $6.0M in total assets on its 2024 IRS Form 990-PF. It paid out $720K in qualifying distributions that year, against a required minimum of $285K (roughly 5% of its investment assets).

Where does Masters Foundation Inc operate?

Masters Foundation Inc has awarded grants in Texas.

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.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Your AI grants department

Here's the math on researching Masters Foundation Inc by hand.

Explore Open Grants

Browse active grant opportunities in Masters Foundation Inc's focus areas in our free grants database

Similar Funders

Funders that support many of the same organizations

Christian Community Foundation Inc

Colorado Springs, CO

WaterStone funds charitable and educational efforts, especially direct Christian ministries, through donor-recommended grants to eligible U.S. and international nonprofits whose missions align with its Statement of Faith. Its 2025 grants had a median of $20,000, though amounts varied widely; it does not state whether it accepts unsolicited requests, and grants are recommended by donors.

Philanthropy, Voluntarism & Grantmaking

Assets

$746.4M

Grants

1,651

Total Given

$161.8M

Communities Foundation of Texas Inc

Dallas, TX

Communities Foundation of Texas funds charitable work in health, wealth, living, and learning, with much of its grantmaking supporting North Texas nonprofits; its 2025 grants had a median of $18,779, though award sizes varied widely. Nearly all opportunities are by invitation, and its Nonprofit Gateway profile is not a grant application.

Philanthropy, Voluntarism & Grantmaking

Assets

$1.2B

Grants

2,209

Total Given

$209.2M

Greater Houston Community Foundation

Houston, TX

The Foundation makes grants through donor-advised and other donor-established funds for public benefit, human services, education, and health, including initiatives addressing economic mobility and poverty in Harris County. In 2024, its median grant was $25,000; it serves Greater Houston, while grants also go to recipients elsewhere in Texas and beyond. It does not accept proposals for the upcoming High-Impact Grantmaking cycle and plans to invite selected organizations or collaboratives to apply.

Assets

$1.1B

Grants

1,724

Total Given

$232.3M

Baker Hughes Foundation

Houston, TX

Philanthropy, Voluntarism & Grantmaking

Assets

$2.2M

Grants

990

Total Given

$3.2M

BNSF Railway Foundation

Fort Worth, TX

The BNSF Railway Foundation supports civic, cultural, educational, health and human services, environmental, and youth programs, as well as general operating costs, in communities served by BNSF across its 28-state network. Its 2025 median grant was $2,500; its current grants program lists awards of $1,000–$10,000.

Philanthropy, Voluntarism & Grantmaking

Assets

$23.0M

Grants

993

Total Given

$7.0M

Community Foundation of North Texas (Tax

Fort Worth, TX

The Community Foundation of North Texas supports nonprofits through grants for areas including animal welfare, conservation, community development, nonprofit capacity, and opportunity, primarily in North Texas, including seven listed counties. Its 2024 grants had a median amount of $14,250, with awards ranging from $5,100 to $1.5 million. It offers competitive grants through application cycles; nonprofits cannot apply for donor-advised grants.

Philanthropy, Voluntarism & Grantmaking

Assets

$544.9M

Grants

872

Total Given

$41.3M

The Houston Food Bank

Houston, TX

The Houston Food Bank supports food distribution and related hunger-relief programs, including school, children’s, and senior food initiatives, through community organizations in 18 Southeast Texas counties. Its 2025 grants had a median of $33,402, though awards varied widely; the profile does not state whether it accepts unsolicited requests.

Assets

$164.4M

Grants

1,128

Total Given

$210.7M

Michael & Susan Dell Foundation

Austin, TX

The Michael & Susan Dell Foundation funds education, health, family economic stability, and nonprofit capacity, with a strong focus on children and families and its deepest investment in Texas, especially Greater Austin; it also supports work elsewhere in the U.S. and internationally. Its 2024 grants ranged from $75 to $50 million, with a median of $19,324. It accepts unsolicited requests through an online application.

Assets

—

Grants

835

Total Given

$164.6M

American Heart Association Inc

Dallas, TX

The American Heart Association funds basic, clinical, behavioral, translational, population, and other research on cardiovascular, cerebrovascular, and brain health, mainly through research awards to eligible U.S.-based nonprofit institutions. In 2025, grants ranged from $5,000 to $9.9 million, with a median award of $20,000. Applications are submitted through designated programs; the profile does not state whether unsolicited requests are accepted.

Diseases, Disorders & Medical Disciplines

Assets

$2.0B

Grants

833

Total Given

$198.2M

Laura and John Arnold Foundation

Houston, TX

Arnold Ventures funds evidence-based research, evaluation, and policy work in criminal justice, health care, higher education and career pathways, public finance, and infrastructure. Its 2024 grants had a median of $122,776 (ranging from $685 to $12.5 million); based in Houston, Texas, it does not accept unsolicited requests, but accepts applications through specific requests for proposals.

Philanthropy, Voluntarism & Grantmaking

Assets

$4.8B

Grants

789

Total Given

$193.3M

The Dallas Foundation

Dallas, TX

The Dallas Foundation funds nonprofits and other charitable organizations working on early childhood, maternal and child health, economic mobility, homelessness, youth mental health, and community needs, primarily in Dallas County. Its 2024 itemized grants had a median of $25,000; listed 2026 cycles seek requests of $5,000–$50,000 or $15,000–$50,000, depending on the program. It accepts applications through grant cycles when open; none are currently open, and organizations outside Dallas County may be eligible if most people they serve live there.

Philanthropy, Voluntarism & Grantmaking

Assets

$491.5M

Grants

788

Total Given

$87.3M

More Funders in Texas

Masters Foundation Inc down — hundreds of funders to go?

Want AI to do this for you?