Masters Tournament Foundation Inc
Masters Tournament Foundation Inc. is a private foundation based in Augusta, Georgia, established in 2012. The organization operates as a 501(c)(3) charitable entity designated for philanthropy, voluntarism, and grantmaking purposes.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$18.3M
-77.6% YoY
Annual Giving
$63.7M
+12689.7% YoY
Grant Count
10
+66.7% YoY
Avg Grant Size
$6.4M
+7573.8% YoY
Mission & Focus Areas
The foundation's primary funding focuses include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Arts, Culture & Humanities
- Recreation and playgrounds
- Cycling initiatives
Grantmaking
According to available records, the foundation only makes contributions to preselected charitable organizations.
Grant Range
$3,000 to $3,000,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation distributes funding across multiple states, with primary focus in:
- Georgia
- Florida
- Virginia
Additional funding regions include Kansas and New Jersey. Approximately 66% of all grants support organizations in Florida, Georgia, and Virginia.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue:
- Total assets: $18,314,880 (2024 filing)
- Total assets: $81,800,000 (2023 filing)
- Total liabilities: $19,100,000 (2023)
- Annual income: $84,900,000
- Revenue: $32,500,000 (2023)
- Expenses: $22,400,000 (2023)
Asset growth has increased from $5,000,000 in 2011 to $18,300,000 in 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $18,314,880 | $81,750,090 | $67,382,332 |
| Revenue | $34,607,012 | $32,526,270 | $31,427,250 |
| Expenses | $80,645,353 | $22,404,756 | $18,921,631 |
| Qualifying Distributions | $7,746,970 | $2,280,789 | $18,733,050 |
| Net Investment Income | $8,152,057 | $1,740,030 | $1,210,329 |
| Distributable Amount | $2,987,797 | $3,136,215 | $2,646,510 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
42 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is governed by 11 officers and trustees:
- Fred S Ridley (Director)
- S Taylor Glover (President and CEO)
- Robert L Johnston (Secretary and Treasurer)
- W Patrick Battle (Director)
- Craig L Heatley (Director)
- Edward D Herlihy (Director)
- Terence F McGuirk (Director)
- Brian L Roberts (Director)
- Lee J Styslinger III (Director)
- Thomas C Nelson (Director)
- Kessel D Stelling Jr (Director)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FRED S RIDLEY | DIRECTOR | 1 | — |
| S TAYLOR GLOVER | PRESIDENT AND CEO | 2 | — |
| ROBERT L JOHNSTON | SECRETARY AND TREASURER | 2 | — |
| W PATRICK BATTLE | DIRECTOR | 1 | — |
| CRAIG L HEATLEY | DIRECTOR | 1 | — |
| EDWARD D HERLIHY | DIRECTOR | 1 | — |
| TERENCE F MCGUIRK | DIRECTOR | 1 | — |
| BRIAN L ROBERTS | DIRECTOR | 1 | — |
| LEE J STYSLINGER III | DIRECTOR | 1 | — |
| THOMAS C NELSON | DIRECTOR | 1 | — |
| KESSEL D STELLING JR | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
In 2026, Augusta National and Masters Tournament Charities committed $1.5 million to support the expansion of the U.S. National Development Program State Junior Teams, a USGA initiative.
Augusta National, Masters Tournament Charities Commit $1.5 Million to USNDP\u2019\The foundation has supported community grants addressing homelessness and services for special needs children.
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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