Masterson Family Foundation
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.
Masterson Family Foundation at a glance
In short: Masterson Family Foundation gave $54K across 14 grants in 2025 (avg $4K), mostly in Wyoming. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $53,983
- +30.1% vs 2024
- Grants made (2025)
- 14
- +75.0% vs 2024
- Average grant
- $3,856
- -25.7% vs 2024
- Median grant
- $3,700
- Total assets
- $858,957
- -3.0% vs 2024
- Primary geography
- Wyoming (97% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Masterson Family Foundation
- How to Apply
-
The foundation’s 2024 filing says it does not restrict giving to preselected organizations. It says to submit the initial request by letter and lists Audrey Adams as the contact. The filing states that awards are primarily restricted to Natrona County and Wyoming.
- Review Cycle
- None, according to the 2024 filing.
- Deadline
- None, according to the 2024 filing.
- Contact
Application contact: Audrey Adams
Mailing address: PO Box 2401, Casper, WY 82602
Phone: (307) 265-4812
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Masterson Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
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
The most common grant size was under $50K: 38 grants of 38 (100%).
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
Share of 2025 grant dollars across all 14 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $42K (2024) to $54K (2025). In 2025 it made 14 grants totaling $54K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Natrona Collective Health Trust Casper, WY | Masterson Place | $16,400 |
| Child Development Center Casper, WY | General Use | $4,400 |
| Fort Caspar Museum Association Casper, WY | General Use | $4,400 |
| Natrona County Public Library Foundation Casper, WY | General Use | $4,400 |
| Nicolaysen Art Museum Casper, WY | General Use | $4,400 |
| Self Help Center Evansville, WY | General Use | $4,400 |
| The Wyldlife Fund Buffalo, WY | General Use | $4,400 |
| Casper Pride Casper, WY | General Use | $3,000 |
| Wyoming Community Foundation Laramie, WY | Donor Designated Fund | $2,383 |
| Oregon Food Bank Portland, OR | General Use | $1,400 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $858,957 | $35,472 | $61,839 | $53,983 | 14 | $53,983 | $27,616 | $56,128 |
| 2024 | $885,324 | $31,800 | $52,041 | $41,500 | 8 | $41,500 | $24,659 | $51,113 |
| 2023 | $908,136 | $248,351 | $61,753 | $51,818 | 11 | $51,818 | $241,777 | $43,883 |
| 2022 | $718,967 | $16,425 | $51,937 | $43,100 | 2 | $43,100 | $9,348 | $52,078 |
| 2021 | $754,954 | $71,158 | $60,328 | $51,783 | 3 | — | $63,496 | $51,876 |
| 2020 | $743,649 | $1,569 | $57,224 | $49,664 | 10 | — | $15,814 | $46,474 |
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.
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.
The largest listed award was $16,400 to Natrona Collective Health Trust for “Masterson Place.” Other listed awards included $4,400 each to the Child Development Center, Fort Caspar Museum Association, Natrona County Public Library Foundation, Nicolaysen Art Museum, Self Help Center, and The Wyldlife Fund. Casper Pride received $3,000; the Wyoming Community Foundation received $2,383 for a donor-designated fund; Oregon Food Bank received $1,400; and Blue Envelope Health Fund and CASA of Natrona County received $1,100 each. The filing lists 14 grants in total; these examples are among the grants itemized in the available information.
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.
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 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 2020–2025
Live grants for the work Masterson Family Foundation funds
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Cite this profile
Grantable. (2026). Masterson Family Foundation funder profile. GrantGraph. Retrieved October 22, 2026, from https://grantable.co/funders/masterson-family-foundation-morg_806b78284f25471d9295cf71c1b13f81
BibTeX
@misc{grantable_203424242_2026,
author = {{Grantable}},
title = {{Masterson Family Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/masterson-family-foundation-morg_806b78284f25471d9295cf71c1b13f81},
note = {Accessed 2026-10-22. 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 Masterson Family Foundation'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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