Rik and Peg Master Foundation is a private foundation focused on Education, based in WOODSTOCK, IL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $93K in total assets. In 2024, it awarded 11 grants totaling $6K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$93K
+84.5% YoY
Annual Giving
$6K
+29.9% YoY
Grant Count
11
+37.5% YoY
Avg Grant Size
$587.364
-5.5% YoY
Under IRS private-foundation payout rules, Rik and Peg Master Foundation reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
About Rik and Peg Master Foundation
Based on IRS filings
Rik and Peg Master Foundation is a private foundation focused on Education, based in WOODSTOCK, IL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $93K in total assets. In 2024, it awarded 11 grants totaling $6K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $92,591 | $50,181 | $45,797 |
| Revenue | $51,789 | $12,539 | $50,654 |
| Expenses | $9,380 | $8,155 | $4,857 |
| Qualifying Distributions | $6,461 | $4,975 | $2,400 |
| Net Investment Income | — | — | — |
| Distributable Amount | $3,958 | $2,614 | $1,126 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Pioneer Center ($2,789), St Mary Church ($1,025), Wttw ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| WTTW Chicago, IL | Donation | $1,000 |
| Pioneer Center McHenry, IL | Donation | $2,789 |
| St Mary Church Woodstock, IL | Donation | $1,025 |
| AIA Chicago Foundation Chicago, IL | Donation | $259 |
| AIA Illinios Foundation Springfield, IL | Donation | $206 |
| Architects Foundation Washington, DC | Donation | $103 |
| JEPF Johnsburg, IL | Donation | $260 |
| CFNF Center for Native Futures Chicago, IL | Donation | $100 |
| National Congress of Amerian Indian Washington, DC | Donation | $111 |
| Local Media Found Chicago, IL | Donation | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Richard Charles Master | President | 2 | — |
| Peggy J Master | Secretary Treasurer | 2.25 | — |
| Robert Clifford Master | Board member | 0.25 | — |
| Richard Chase Master | Board member | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Rik and Peg Master Foundation?
Rik and Peg Master Foundation is a private foundation focused on Education, based in WOODSTOCK, IL. It holds $93K in total assets as of 2024.
How large is Rik and Peg Master Foundation?
As of 2024, Rik and Peg Master Foundation holds $93K in total assets with $52K in annual revenue. It awarded 11 grants totaling $6K in 2024.
Where does Rik and Peg Master Foundation operate?
Rik and Peg Master Foundation has awarded grants in California, District of Columbia, Illinois, South Dakota.
What size grants does Rik and Peg Master Foundation award?
In 2024, Rik and Peg Master Foundation awarded 11 grants totaling $6K — an average of about $587.364 per grant, based on its IRS Form 990 filings.
How much is Rik and Peg Master Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Rik and Peg Master Foundation reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Rik and Peg Master Foundation's EIN?
Rik and Peg Master Foundation's EIN (Employer Identification Number) is 87-4726696. IRS Form 990 filing data is available on this page for 2022–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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