Musgrave Foundation
Musgrave Foundation is a private foundation, based in Springfield, MO. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $28.7M in total assets. In 2025, it awarded 1 grant totaling $1.6M. Net investment income was $2.1M.
Musgrave Foundation at a glance
In short: Musgrave Foundation gave $1.6M across 1 grant in 2025 (avg $1.6M), mostly in Missouri. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,575,000
- -25.1% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $1,575,000
- -25.1% vs 2024
- Median grant
- $1,575,000
- Total assets
- $28,659,125
- +2.2% vs 2024
- Primary geography
- Missouri (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Musgrave Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Community Foundation of the Ozarks ($1.6M).
Grant Size Distribution
7 grants across all recorded years
The most common grant size was in the $1–5M range: 4 grants of 7 (57%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Musgrave Foundation gives
- Giving grew 40% from 2022 to 2025. Method
- In 2025 it paid out 90% 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 2021 to 2025, annual grant giving ranged from $983K (2021) to $2.1M (2024). In 2025 it made 1 grant totaling $1.6M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Community Foundation of the Ozarks Springfield, MO | Grants/grantmaking support | $1,575,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $28,659,125 | $2,782,036 | $2,469,294 | $1,575,000 | 1 | $1,676,914 | $2,100,447 | $1,871,450 |
| 2024 | $28,044,744 | $2,553,993 | $2,825,374 | $2,101,595 | 1 | $2,191,414 | $1,918,450 | $1,451,317 |
| 2023 | $28,083,848 | $3,594,524 | $2,787,817 | $1,565,000 | 1 | $1,676,418 | $2,785,920 | $2,092,650 |
| 2022 | $26,861,782 | $6,804,511 | $2,207,675 | $1,125,000 | 1 | $1,242,887 | $5,839,439 | $1,638,377 |
| 2021 | $21,723,524 | $4,515,267 | $2,285,559 | $982,641 | 3 | — | $3,313,076 | $1,311,160 |
Under IRS private-foundation payout rules, Musgrave Foundation reported a distributable amount of $1.9M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Musgrave Foundation is led by Rob Baird, Chairman on every filing since 2021; 1 of 7 officers listed in 2025 is compensated.
Officers on the 2025 filing
Rob Baird
Chairman
On filings since 2021
No compensation reported
US Bank NA
Trustee
On filings since 2023
5 hrs/week
$377K (2025)
Junior Cline
Director
On filings since 2021
No compensation reported
Peggy Riggs
Director
On filings since 2021
No compensation reported
Thomas J Carlson
Director
On filings since 2021
No compensation reported
Thomas L Slaight
Director
On filings since 2021
No compensation reported
Community Fdn of the Ozarks
Succ. Fdn Manager
On filings since 2021
No compensation reported
Former officers (1)
- Former: US Bank as trustee (2021–2022) — Trustee
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $377K, to US Bank NA (Trustee).
Frequently asked questions about Musgrave Foundation
How much does Musgrave Foundation give each year?
Musgrave Foundation gave $1.6M across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2.1M across 1 grant.
How large is Musgrave Foundation?
Musgrave Foundation reported $28.7M in total assets on its 2025 IRS Form 990-PF. It paid out $1.7M in qualifying distributions that year, against a required minimum of $1.9M (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.
Where does Musgrave Foundation operate?
Musgrave Foundation has awarded grants in Missouri.
What is Musgrave Foundation's EIN?
Musgrave Foundation's EIN (Employer Identification Number) is 43-1304514. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS December 8, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 11, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 8, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 30, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS November 13, 2025)
- IRS filings on file for fiscal years 2021–2025
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Browse active grant opportunities in Musgrave Foundation's focus areas in our free grants database
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