Masterson Family Foundation

Private foundation · Grantmaker Casper, WY EIN: 20-3424242

The Masterson Family Foundation is a private foundation based in Casper, Wyoming. Its 2025 filing reports 14 grants totaling $53,983, with nearly all grant dollars going to recipients in Wyoming.

Key facts about Masterson Family Foundation

In short: Masterson Family Foundation gave $54K across 14 grants in 2025 (avg $4K), mostly in Wyoming. Source: 2025 IRS Form 990-PF.

EIN
20-3424242
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$53,983
Grants made (2025)
14
Average grant
$3,856
Median grant
$3,700
Total assets
$858,957
Primary geography
Wyoming (97% of itemized 2025 grant dollars)
How to apply
The foundation’s 2024 filing says it does not restrict giving to preselected organizations. Full details ↓
Deadline
None, according to the 2024 filing.

Data from IRS Form 990-PF, 2025; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$859K

-3.0% YoY

Annual Giving

$54K

+30.1% YoY

Grant Count

14

+75.0% YoY

Avg Grant Size

$4K

-25.7% YoY

Under IRS private-foundation payout rules, Masterson Family Foundation reported a distributable amount of $56K for 2025 — the minimum it must pay out in qualifying distributions.

How Masterson Family Foundation gives

  • 43% of 2025 grantees were also funded in 2024. Method
  • Giving grew 25% from 2022 to 2025. Method
  • In 2025 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

No foundation mission is stated in the available information. Its 2025 grants included organizations with varied missions: the Nicolaysen Art Museum says it educates and enriches the community through contemporary art; the Natrona County Public Library Foundation says it supports the county library; and The Wyldlife Fund says it advances Wyoming wildlife habitat, research, and education.

Other 2025 grantees describe work that includes domestic-violence and sexual-assault support (Self Help Center), inclusive events and resources for the LGBTQ+ community (Casper Pride), hunger relief (Oregon Food Bank), and advocacy for children in abuse or neglect cases (CASA of Natrona County). These are the grantees’ stated missions, not a stated mission of the foundation.

Grantmaking

In 2025, the foundation reported 14 grants totaling $53,983. Grant amounts ranged from $1,100 to $16,400, with a median grant of $3,700.

Review Cycle

None, according to the 2024 filing.

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Geographic Focus

Where this funder awards grants

The foundation’s 2024 filing says awards are primarily for Natrona County and the state of Wyoming. In 2025, 97% of grant dollars went to recipients in Wyoming and 3% to recipients in Oregon.

Grant Distribution by State

2states

Share of 2025 grant dollars across all 14 itemized grants.

Cities

CasperLaramieEvansvillePortlandBuffaloMills

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K10 grants2020 3 grants2021 2 grants2022 11 grants2023 8 grants2024 14 grants2025

From 2020 to 2025, annual grant giving ranged from $42K (2024) to $54K (2025). In 2025 it made 14 grants totaling $54K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Natrona Collective Health Trust: $16KNatrona Collective HealthTrust$16KChild Development Center: $4KChild Development Center$4KFort Caspar Museum Association: $4KFort Caspar Museum Association$4KNatrona County Public Library Foundation: $4KNatrona County Public LibraryFoundation$4KNicolaysen Art Museum: $4KNicolaysen Art Museum$4KSelf Help Center: $4KSelf Help Center$4KThe Wyldlife Fund: $4KThe Wyldlife Fund$4KCasper Pride: $3KCasper Pride$3KWyoming Community Foundation: $2KWyoming Community Foundation$2KOregon Food Bank: $1KOregon Food Bank$1K

The largest 2025 recipient was Natrona Collective Health Trust ($16K). Together the top 10 received $50K.

Grant Size Distribution

38 grants across all recorded years

38<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 38 grants of 38 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Natrona Collective Health Trust Casper, WYMasterson Place$16,400
Child Development Center Casper, WYGeneral Use$4,400
Fort Caspar Museum Association Casper, WYGeneral Use$4,400
Natrona County Public Library Foundation Casper, WYGeneral Use$4,400
Nicolaysen Art Museum Casper, WYGeneral Use$4,400
Self Help Center Evansville, WYGeneral Use$4,400
The Wyldlife Fund Buffalo, WYGeneral Use$4,400
Casper Pride Casper, WYGeneral Use$3,000
Wyoming Community Foundation Laramie, WYDonor Designated Fund$2,383
Oregon Food Bank Portland, ORGeneral Use$1,400

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants
2025 $858,957 $35,472 $61,839 $53,983
2024 $885,324 $31,800 $52,041 $41,500
2023 $908,136 $248,351 $61,753 $51,818
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$858,957$885,324$908,136
Revenue$35,472$31,800$248,351
Expenses$61,839$52,041$61,753
Qualifying Distributions$53,983$41,500$51,818
Net Investment Income$27,616$24,659$241,777
Distributable Amount$56,128$51,113$43,883

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Leadership team and compensation from IRS filings

The 2025 filing lists John A Masterson as president; Audrey Adams as secretary; and T Chris Muirhead as treasurer. Directors listed are Susan B Masterson, Michael Masterson, Kathleen Coughlin, Sarah J Masterson, Devon Coughlin, and Connor Koval.

Masterson Family Foundation is led by John A. Masterson, President on every filing since 2020; none of the 9 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • John A. Masterson

    President

    On filings since 2020

    1 hr/week

    No compensation reported

  • Michael Masterson

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Sarah J. Masterson

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Susan B. Masterson

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Devon Coughlin

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Kathleen Coughlin

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Connor Koval

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Audrey Adams

    Secretary

    On filings since 2020

    1 hr/week

    No compensation reported

  • T. Chris Muirhead

    Treasurer

    On filings since 2020

    1 hr/week

    No compensation reported

Former officers (2)
  • Former: Amy Masterson (2020–2023) — Director
  • Former: Kathleen Masterson (2020–2022) — Director

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Contact

Application contact: Audrey Adams
Mailing address: PO Box 2401, Casper, WY 82602
Phone: (307) 265-4812

Frequently asked questions about Masterson Family Foundation

How much does Masterson Family Foundation give each year?

Masterson Family Foundation gave $54K across 14 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $42K across 8 grants.

What is Masterson Family Foundation's typical grant size?

Masterson Family Foundation's median grant in 2025 was $3,700, and its average grant was $3,856, across 14 grants on its 2025 IRS Form 990-PF.

Where does Masterson Family Foundation give grants?

Masterson Family Foundation gives mostly in Wyoming: 97% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Casper, WY (10 grants).

Does Masterson Family Foundation give general operating support?

Yes: 86% of Masterson Family Foundation's 2025 grants with a stated purpose (12 of 14) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are Masterson Family Foundation's largest grantees?

Masterson Family Foundation's largest 2025 grantees include Natrona Collective Health Trust ($16,400), Child Development Center ($4,400) and Fort Caspar Museum Association ($4,400), according to its 2025 IRS Form 990-PF. Together they received 47% of its itemized 2025 grant dollars.

How large is Masterson Family Foundation?

Masterson Family Foundation reported $859K in total assets on its 2025 IRS Form 990-PF. It paid out $54K in qualifying distributions that year, against a required minimum of $56K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

What does Masterson Family Foundation fund?

No foundation mission is stated in the available information. See mission & focus areas ↑

How do I apply for a grant from Masterson Family Foundation?

The foundation’s 2024 filing says it does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Masterson Family Foundation's EIN?

Masterson Family Foundation's EIN (Employer Identification Number) is 20-3424242. IRS Form 990 filing data is available on this page for 2020–2025.

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

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