MTM Foundation
MTM Foundation is a private foundation focused on Health, based in Atlanta, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $925K in total assets. In 2024, it awarded 1 grant totaling $40K. Net investment income was $35K.
MTM Foundation at a glance
In short: MTM Foundation gave $40K across 1 grant in 2024 (avg $40K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $40,000
- -92.6% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $40,000
- -92.6% vs 2023
- Median grant
- $40,000
- Total assets
- $925,445
- -1.2% vs 2023
- Primary geography
- Illinois (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who MTM Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was University of Illinois Foundation ($40K).
Grant Size Distribution
47 grants across all recorded years
The most common grant size was under $50K: 45 grants of 47 (96%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How MTM Foundation gives
- Giving fell 44% from 2021 to 2024. Method
- In 2024 it paid out 30% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $40K (2024) to $548K (2022). In 2024 it made 1 grant totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Illinois Foundation Urbana, IL | College of Medicine | $40,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $925,445 | $34,739 | $43,333 | $40,000 | 1 | $40,000 | $34,724 | $135,450 |
| 2023 | $937,146 | $222,899 | $542,856 | $540,000 | 1 | $540,000 | $36,830 | $122,822 |
| 2022 | $1,257,948 | $874,079 | $551,721 | $548,200 | 6 | $548,200 | $41,599 | $135,630 |
| 2021 | $936,568 | $135,501 | $74,494 | $71,000 | 19 | $71,000 | $35,972 | $111,062 |
| 2020 | $876,279 | $356,036 | $72,868 | $71,000 | 20 | — | $27,536 | $79,725 |
Under IRS private-foundation payout rules, MTM Foundation reported a distributable amount of $135K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
MTM Foundation is led by Christopher M. Masi, President since 2024 (on filings since 2020); none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Christopher M. Masi
President
Director → President, 2024
On filings since 2020
0.3 hrs/week
No compensation reported
Amy E. Schauwecker
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Kristina L. Hall
Director
New on the 2024 filing
0.3 hrs/week
No compensation reported
Anthony M. Masi
Vice President
Director → Vice President, 2024
On filings since 2020
0.3 hrs/week
No compensation reported
Maria L. Masi-Kammerer
Assistant Treasurer
Director → Assistant Treasurer, 2024
On filings since 2020
0.3 hrs/week
No compensation reported
Nancy A. Masi
Treasurer
Secretary → Treasurer, 2024
On filings since 2020
0.3 hrs/week
No compensation reported
Former officers (2)
- Former: Alfonse T. Masi (2020–2023) — President
- Former: Annette M. Andelin (2020–2023) — V-President
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 MTM Foundation
How much does MTM Foundation give each year?
MTM Foundation gave $40K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $540K across 1 grant.
How large is MTM Foundation?
MTM Foundation reported $925K in total assets on its 2024 IRS Form 990-PF. It paid out $40K in qualifying distributions that year, against a required minimum of $135K (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 is MTM Foundation?
MTM Foundation is a private foundation focused on Health, based in Atlanta, GA. It holds $925K in total assets as of 2024.
Where does MTM Foundation operate?
MTM Foundation has awarded grants in California, Connecticut, District of Columbia, Georgia, Iowa, Illinois, Massachusetts, Maryland, New York, Ohio, South Carolina, Tennessee, Virginia.
What is MTM Foundation's EIN?
MTM Foundation's EIN (Employer Identification Number) is 37-1373062. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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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