Mastery Charter Schools Foundation
Mastery Charter Schools Foundation is a public charity based in Philadelphia, Pennsylvania. It develops and provides financial support for the Mastery network of charter schools, with its 2025 filing reporting grants primarily to Mastery schools in Pennsylvania.
Mastery Charter Schools Foundation at a glance
In short: Mastery Charter Schools Foundation gave $1.6M across 13 grants in 2025 (avg $121K), mostly in Pennsylvania. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $1,574,027
- +111.7% vs 2024
- Grants made (2025)
- 13
- +62.5% vs 2024
- Average grant
- $121,079
- +30.3% vs 2024
- Median grant
- $29,594
- Total assets
- $118,388,197
- +2.6% vs 2024
- Primary geography
- Pennsylvania (99% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
How to apply to Mastery Charter Schools Foundation
- Contact
Mailing address: 5700 Wayne Avenue, Philadelphia, PA 19144
Phone: (215) 866-9000
Website: https://masterycharter.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Mastery Charter Schools Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Mastery Charter High School ($1.2M). Together the top 4 received $1.3M.
Organizations only. It also paid 9 grants to individuals ($260,294), which are not listed by name.
Grant Size Distribution
53 grants across all recorded years
The most common grant size was under $50K: 42 grants of 53 (79%).
Geographic Focus
Where this funder awards grants
The 2025 filing reports that 99% of grant dollars went to recipients in Pennsylvania and 1% to recipients in New Jersey. Listed recipients include schools in Philadelphia and Mastery Charter Schools of Camden.
Grant Distribution by State
Share of 2025 grant dollars across all 13 itemized grants.
States
Cities
How Mastery Charter Schools Foundation gives
- Giving fell 27% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $743K (2024) to $2.7M (2021). In 2025 it made 13 grants totaling $1.6M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mastery Charter High School Philadelphia, PA | Charter School Support | $1,219,193 |
| 9 grants to individuals Recipients not named | — | $260,294 |
| Hardy Williams Academy Charter School Philadelphia, PA | Charter School Support | $47,540 |
| Grover Cleveland Mastery Charter School Philadelphia, PA | Charter School Support | $34,010 |
| Mastery Charter Schools of Camden Camden, NJ | Charter School Support | $12,990 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $118,388,197 | $8,240,277 | $5,631,657 | $1,574,027 | 13 | $926,951 |
| 2024 | $115,413,557 | $9,018,682 | $4,990,625 | $743,451 | 8 | $1,946,089 |
| 2023 | $113,466,103 | $9,714,744 | $6,376,911 | $2,155,073 | 12 | $6,555,851 |
| 2022 | $110,945,327 | $9,942,380 | $6,664,233 | $2,159,802 | 7 | $6,041,232 |
| 2021 | $112,317,090 | $8,533,885 | $6,911,445 | $2,662,839 | 13 | $6,012,423 |
| 2020 | $111,350,537 | $11,306,485 | $6,568,247 | $2,404,547 | 11 | $6,485,136 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation’s stated mission is to develop and provide financial support for the Mastery network of charter schools. Its filing describes grants and scholarships to network schools for expansion, college preparation, fundraising, and general operations.
In 2025, the foundation’s listed grants were designated for charter school support. Grantee schools describe their missions as helping students develop the academic and personal skills needed for postsecondary success and to pursue their dreams.
Grantmaking
In filing year 2025, the foundation reported 13 grants totaling $1,574,027. Grants ranged from $10,000 to $1,219,193, with a median of $29,594. The largest grant was $1,219,193 to Mastery Charter High School in Philadelphia. Other notable grants included $58,500 to Mastery Charter School – an individual recipient, $55,000 to Mastery Charter School – an individual recipient, and $47,540 to Hardy Williams Academy Charter School.
The filing says grants are limited to Mastery schools and qualified institutions and require board approval.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Stephen Cohn as president and William Luterman and Walter Maner as board members. It lists Mona Zander as a board member until June 30, 2025.
Mastery Charter Schools Foundation is led by Stephen Cohn, President on every filing since 2020; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Stephen Cohn
President
On filings since 2020
1 hr/week
No compensation reported
William Luterman
Board Member
On filings since 2020
1 hr/week
No compensation reported
Walter Maner
Board Member
On filings since 2021
1 hr/week
No compensation reported
Mona Zander
Board Member
On filings since 2024
1 hr/week
No compensation reported
Former officers (5)
- Former: Mona Burke (2020–2023) — Board Member
- Former: Brook J. Lenfest (2020–2022) — Board Member
- Former: David Smith (2020–2022) — Board Member
- Former: Kareem Thomas (2020–2022) — Board Member
- Former: Edward Baumstein (2020) — Treasurer
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 Mastery Charter Schools Foundation
How much does Mastery Charter Schools Foundation give each year?
Mastery Charter Schools Foundation gave $1.6M across 13 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $743K across 8 grants.
What is Mastery Charter Schools Foundation's typical grant size?
Mastery Charter Schools Foundation's median grant in 2025 was $29,594, and its average grant was $121,079, across 13 grants on its 2025 IRS Form 990.
Where does Mastery Charter Schools Foundation give grants?
Mastery Charter Schools Foundation gives mostly in Pennsylvania: 99% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Philadelphia, PA (3 grants).
Does Mastery Charter Schools Foundation give general operating support?
Not in 2025: none of the 13 grants with a stated purpose on Mastery Charter Schools Foundation's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Charter School Support" (13 grants).
Who are Mastery Charter Schools Foundation's largest grantees?
Mastery Charter Schools Foundation's largest 2025 grantees include Mastery Charter High School ($1,219,193), Hardy Williams Academy Charter School ($47,540) and Grover Cleveland Mastery Charter School ($34,010), according to its 2025 IRS Form 990. It also paid 9 grants to individuals ($260,294), which are not listed by name. Together they received 83% of its itemized 2025 grant dollars.
How large is Mastery Charter Schools Foundation?
Mastery Charter Schools Foundation reported $118.4M in total assets on its 2025 IRS Form 990. Its revenue that year was $8.2M.
What does Mastery Charter Schools Foundation fund?
The foundation’s stated mission is to develop and provide financial support for the Mastery network of charter schools. Its filing describes grants and scholarships to network schools for expansion, college preparation, fundraising, and general operations. See mission & focus areas ↑
How do I apply for a grant from Mastery Charter Schools Foundation?
Mastery Charter Schools Foundation has no public application process in the sources Grantable reviewed. Check masterycharter.org for current guidelines, or contact the foundation directly before submitting a request.
What is Mastery Charter Schools Foundation's EIN?
Mastery Charter Schools Foundation's EIN (Employer Identification Number) is 20-5593485. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 17, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS April 23, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 12, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 8, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Mastery Charter Schools Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Mastery Charter Schools Foundation funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/mastery-charter-schools-foundation-morg_a529213a1abc426fbdfbc2bd9df29602
BibTeX
@misc{grantable_205593485_2026,
author = {{Grantable}},
title = {{Mastery Charter Schools Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/mastery-charter-schools-foundation-morg_a529213a1abc426fbdfbc2bd9df29602},
note = {Accessed 2026-10-15. 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 Mastery Charter Schools 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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