Must
A COLLABORATION OF BUSINESS OWNERS AND COMMUNITY MEMBERS DEDICATED TO MAKING A DIFFERENCE BY POOLING DONATIONS AND GIFTING THEM TO LOCAL NON-PROFITS SERVING PEOPLE IN NEED. MUST ACTS AS A COLLECTIVE FUND MANAGER OF SORTS, STRATEGICALLY INVESTING IN SOCIAL GOOD.
Key facts about Must
- EIN
- 90-0663200
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $876,955
- Grants made (2024)
- 7
- Average grant
- $125,279
- Median grant
- $71,192
- Total assets
- $6,677,493
- Primary geography
- California (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Must funds
By grant dollars, the top recipient states for Must's 7 itemized 2024 grants were California (100%). The most frequent recipient cities were San Luis Obispo, CA (2 grants), Atascadero, CA (2 grants) and Paso Robles, CA (2 grants). None of its 7 grants with a stated purpose were described as general or operating support. Recurring purposes include "Donation for Various Purposes" (7 grants).
How Must gives
- Giving held roughly steady from 2021 to 2024 (−3%). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Must
- How to evaluate Must as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.7M
+20.6% YoY
Annual Giving
$877K
+94.0% YoY
Grant Count
7
-56.3% YoY
Avg Grant Size
$125K
+343.5% YoY
About Must
Based on IRS filings
Must is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Templeton, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.7M in total assets. In 2024, it awarded 7 grants totaling $877K. Net investment income was $272K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 7 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,677,493 | $5,537,675 | $3,937,088 |
| Revenue | $2,741,117 | $2,599,710 | $2,290,002 |
| Expenses | $1,586,962 | $1,080,702 | $1,079,496 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $272,316 | $199,213 | $-95,732 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
35 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Lumina Alliance ($472,166), Vineyard Team ($101,580), Transitions Mental Health Association ($88,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LUMINA ALLIANCE San Luis Obispo, CA | DONATION FOR VARIOUS PURPOSES | $472,166 |
| VINEYARD TEAM Atascadero, CA | DONATION FOR VARIOUS PURPOSES | $101,580 |
| TRANSITIONS MENTAL HEALTH ASSOCIATION San Luis Obispo, CA | DONATION FOR VARIOUS PURPOSES | $88,000 |
| BOYS & GIRLS CLUB OF THE MID CENTRAL COAST Santa Maria, CA | DONATION FOR VARIOUS PURPOSES | $71,192 |
| PASO ROBLES YOUTH ARTS CENTER Paso Robles, CA | DONATION FOR VARIOUS PURPOSES | $69,907 |
| EL CAMINO HOMELESS ORGANIZATION Atascadero, CA | DONATION FOR VARIOUS PURPOSES | $67,810 |
| STUDIOS ON THE PARK Paso Robles, CA | DONATION FOR VARIOUS PURPOSES | $6,300 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Stephen Silva | Chairman | 0.25 | — |
| Justin Smith | Vice Chairman | 0.25 | — |
| Kelli Law | Treasurer | 0.25 | — |
| Lori Bickel | Secretary | 0.25 | — |
| Jenny Barton | Director | 0.25 | — |
| Greg Gregory | Director | 0.25 | — |
| Maeve Pesquera | Director | 0.25 | — |
| Becky Gray | Executive Director | 40 | $121,536 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Must?
Must is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Templeton, CA. It holds $6.7M in total assets as of 2024.
How large is Must?
As of 2024, Must holds $6.7M in total assets with $2.7M in annual revenue. It awarded 7 grants totaling $877K in 2024.
Where does Must operate?
Must has awarded grants in California.
What size grants does Must award?
In 2024, Must awarded 7 grants totaling $877K — an average of about $125K per grant, based on its IRS Form 990 filings.
What is Must's EIN?
Must's EIN (Employer Identification Number) is 90-0663200. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.