Masters Tournament Foundation Inc
Masters Tournament Foundation Inc. is a private foundation based in Augusta, Georgia. Its 2024 filing describes support for community needs and golf, including grants to charitable organizations and direct support of amateur golf events.
Masters Tournament Foundation Inc at a glance
In short: Masters Tournament Foundation Inc gave $63.7M across 10 grants in 2024 (avg $6.4M), mostly in Georgia. 40% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $63,692,503
- +12689.7% vs 2023
- Grants made (2024)
- 10
- +66.7% vs 2023
- Average grant
- $6,369,250
- +7573.8% vs 2023
- Median grant
- $200,000
- Total assets
- $18,314,880
- -77.6% vs 2023
- New grantees (estimate)
- 40% first-time grantees (4 of 10, 2024; small sample)
- Primary geography
- Georgia (98% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Masters Tournament Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: PO Box 2444, Augusta, GA 30903
Phone: (706) 667-6000
Website: https://masters.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Masters Tournament Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Masters Tournament Charities Inc ($62.0M). Together the top 10 received $63.7M.
Grant Size Distribution
42 grants across all recorded years
The most common grant size was in the $100–250K range: 20 grants of 42 (48%).
Geographic Focus
Where this funder awards grants
In 2024, 98% of grant dollars went to recipients in Georgia and 1% to recipients in Florida. The filing also lists recipients in New Jersey, Virginia, and Kansas, each accounting for less than 1% of grant dollars.
Grant Distribution by State
Share of 2024 grant dollars across all 10 itemized grants.
Cities
Is Masters Tournament Foundation Inc open to new grantees?
40%
first-time grantees, 2024
In 2024, 4 of 10 grantees (40%) were first-time recipients. With only 10 grantees, that is a small sample: one grantee more or less moves the share by about 10 points. First grants averaged $16M; repeat grants $187K. How we count
Medians: $263K first-time, $200K repeat.
- 40% of 2024 grantees were also funded in 2023. Method
- Giving grew 2648% from 2021 to 2024. Method
- In 2024 it paid out 259% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $353K (2022) to $63.7M (2024). In 2024 it made 10 grants totaling $63.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Masters Tournament Charities Inc Augusta, GA | Community Support, Enrichment, and Foster Sport of Golf | $62,019,503 |
| PGA Tour First Tee Foundation Inc Ponte Vedra Beach, FL | Foster Sport of Golf | $500,000 |
| First Tee of Augusta Augusta, GA | Foster Sport of Golf | $400,000 |
| PGA Foundation Inc Ponte Vedra Beach, FL | Foster Sport of Golf | $200,000 |
| The LPGA Foundation Daytona Beach, FL | Foster Sport of Golf | $200,000 |
| Usga Liberty Corner, NJ | Foster Sport of Golf | $200,000 |
| CAF America Alexandria, VA | Foster Sport of Golf | $108,000 |
| National Golf Foundation Jupiter, FL | Foster Sport of Golf | $25,000 |
| The Georgia Golf & Environmental Foundation Inc Hartwell, GA | Foster Sport of Golf | $25,000 |
| The Environmental Institute for Golf Lawrence, KS | Foster Sport of Golf | $15,000 |
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Financial History
Multi-year comparison from IRS filings
The filing type is Form 990-PF (a private foundation).
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $18,314,880 | $34,607,012 | $80,645,353 | $63,692,503 | 10 | $7,746,970 | $8,152,057 | $2,987,797 |
| 2023 | $81,750,090 | $32,526,270 | $22,404,756 | $498,000 | 6 | $2,280,789 | $1,740,030 | $3,136,215 |
| 2022 | $67,382,332 | $31,427,250 | $18,921,631 | $352,500 | 3 | $18,733,050 | $1,210,329 | $2,646,510 |
| 2021 | $56,432,291 | $20,283,494 | $14,503,884 | $2,318,000 | 10 | $14,398,745 | $1,677,164 | $2,789,060 |
| 2020 | $45,643,298 | $12,307,351 | $16,994,959 | $10,018,000 | 13 | — | $764,722 | $1,875,236 |
Under IRS private-foundation payout rules, Masters Tournament Foundation Inc reported a distributable amount of $3.0M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s filing describes direct charitable activities for the Asia-Pacific Amateur Championship, the Drive, Chip and Putt Championship, and the Latin American Amateur Championship. The events are aimed at stimulating interest in golf in their respective regions or, for Drive, Chip and Putt, providing boys and girls with a free nationwide junior golf development competition. The foundation’s support for participants includes travel expenditures, entry fees, and other tournament-related costs.
Its 2024 grants included support for golf-related organizations. PGA TOUR First Tee Foundation says its mission is to help kids build character through golf and life-skills programming. PGA Foundation says it seeks to positively impact youth, military, and diverse populations by enabling access to golf and PGA professionals. The LPGA Foundation says it aims to inspire, empower, and transform the lives of girls and women through golf. National Golf Foundation says its mission is to foster the growth and vitality of golf and its business.
Grantmaking
In 2024, the foundation reported 10 grants totaling $63,692,503. Grants ranged from $15,000 to $62,019,503, with a median of $200,000. The largest grant, $62,019,503, went to Masters Tournament Charities Inc. for “community support, enrichment, and foster sport of golf.” Other grants included $500,000 to PGA TOUR First Tee Foundation, $400,000 to First Tee of Augusta, and $200,000 each to PGA Foundation, the LPGA Foundation, and USGA.
The filing also reports that on December 19, 2024, the foundation granted Masters Tournament Charities Inc. $19,571,162 in cash and $38,430,617 in investments. On January 19, 2024, it granted that organization its membership interest in Augusta National Women’s Amateur, LLC.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Fred S. Ridley, W. Patrick Battle, Craig L. Heatley, Edward D. Herlihy, Terence F. McGuirk, Brian L. Roberts, Lee J. Styslinger III, and Thomas C. Nelson as directors. S. Taylor Glover is listed as president and CEO, and Robert L. Johnston as secretary and treasurer.
Masters Tournament Foundation Inc is led by S. Taylor Glover, President & CEO on every filing since 2020; none of the 11 officers listed in 2024 report compensation.
Officers on the 2024 filing
S. Taylor Glover
President & CEO
On filings since 2020
2 hrs/week
No compensation reported
Brian L. Roberts
Director
On filings since 2020
1 hr/week
No compensation reported
Craig L. Heatley
Director
On filings since 2020
1 hr/week
No compensation reported
Edward D. Herlihy
Director
On filings since 2020
1 hr/week
No compensation reported
Fred S. Ridley
Director
On filings since 2020
1 hr/week
No compensation reported
Lee J. Styslinger III
Director
On filings since 2020
1 hr/week
No compensation reported
Terence F. McGuirk
Director
On filings since 2020
1 hr/week
No compensation reported
W. Patrick Battle
Director
On filings since 2020
1 hr/week
No compensation reported
Kessel D. Stelling Jr.
Director
On filings since 2022
1 hr/week
No compensation reported
Thomas C. Nelson
Director
On filings since 2022
1 hr/week
No compensation reported
Robert L. Johnston
Secretary & Treasurer
On filings since 2020
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Tournament Foundation Inc
How much does Masters Tournament Foundation Inc give each year?
Masters Tournament Foundation Inc gave $63.7M across 10 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $498K across 6 grants.
What is Masters Tournament Foundation Inc's typical grant size?
Masters Tournament Foundation Inc's median grant in 2024 was $200,000, and its average grant was $6,369,250, across 10 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Masters Tournament Foundation Inc that year got $16M on average.
Where does Masters Tournament Foundation Inc give grants?
Masters Tournament Foundation Inc gives mostly in Georgia: 98% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Augusta, GA (2 grants) and Ponte Vedra Beach, FL (2 grants).
Does Masters Tournament Foundation Inc give general operating support?
Not in 2024: none of the 10 grants with a stated purpose on Masters Tournament Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Foster Sport of Golf" (9 grants).
Who are Masters Tournament Foundation Inc's largest grantees?
Masters Tournament Foundation Inc's largest 2024 grantees include Masters Tournament Charities Inc ($62,019,503), PGA Tour First Tee Foundation Inc ($500,000) and First Tee of Augusta ($400,000), according to its 2024 IRS Form 990-PF. Together they received 99% of its itemized 2024 grant dollars.
How large is Masters Tournament Foundation Inc?
Masters Tournament Foundation Inc reported $18.3M in total assets on its 2024 IRS Form 990-PF. It paid out $7.7M in qualifying distributions that year, against a required minimum of $3.0M (roughly 5% of its investment assets).
What does Masters Tournament Foundation Inc fund?
The foundation’s filing describes direct charitable activities for the Asia-Pacific Amateur Championship, the Drive, Chip and Putt Championship, and the Latin American Amateur Championship. See mission & focus areas ↑
How do I apply for a grant from Masters Tournament Foundation Inc?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Masters Tournament Foundation Inc's EIN?
Masters Tournament Foundation Inc's EIN (Employer Identification Number) is 27-4452110. IRS Form 990 filing data is available on this page for 2020–2024.
Does Masters Tournament Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Masters Tournament Foundation Inc funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/masters-tournament-foundation-inc-morg_bad2855fe5a043ab833cd64b82d239bb
BibTeX
@misc{grantable_274452110_2026,
author = {{Grantable}},
title = {{Masters Tournament Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/masters-tournament-foundation-inc-morg_bad2855fe5a043ab833cd64b82d239bb},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Masters Tournament Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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