Masters Foundation Inc
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
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 largest 2024 recipient was The Master Cares Foundation Inc ($720K).
Grant Size Distribution
3 grants across all recorded years
The most common grant size was in the $500K–1M range: 2 grants of 3 (67%).
Giving History
Grant recipients and amounts by year
| 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 |
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- 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.
Here's the math on researching Masters Foundation Inc by hand.
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