The Masterwork Music & Art Foundation
To PROMOTE AND SUPPORT WORTHY MUSIC & ART ORGANIZATIONS
The Masterwork Music & Art Foundation at a glance
In short: The Masterwork Music & Art Foundation gave $3K across 4 grants in 2025 (avg $625), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,500
- Grants made (2025)
- 4
- Average grant
- $625
- Median grant
- $500
- Total assets
- $1,015,414
- -0.3% vs 2024
- Primary geography
- New York (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Masterwork Music & Art Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Out of the Box Theater ($1K). Together the top 4 received $3K.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
How The Masterwork Music & Art Foundation gives
- In 2025 it paid out 67% 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 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2025 it made 4 grants totaling $3K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Out of the Box Theater Staten Island, NY | General Use | $1,000 |
| Friends of Beattie Powers Catskill, NY | General Use | $500 |
| Athens Cultural Center Athens, NY | General Use | $500 |
| Stephen Petronio Dance CO New York, NY | General Use | $500 |
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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 | $1,015,414 | $58,172 | $36,699 | $2,500 | 4 | $30,537 | $50,584 | $45,473 |
| 2024 | $1,018,297 | $56,405 | $51,306 | — | — | — | $54,695 | — |
| 2023 | $993,849 | $40,276 | $36,216 | — | — | — | $35,484 | — |
| 2022 | $1,013,069 | $40,728 | $75,698 | — | — | — | $34,289 | — |
| 2021 | $1,166,679 | $40,691 | $41,977 | — | — | — | $37,328 | — |
Under IRS private-foundation payout rules, The Masterwork Music & Art Foundation reported a distributable amount of $45K for 2025 — the minimum it must pay out in qualifying distributions.
About The Masterwork Music & Art Foundation
Based on IRS filings
The Masterwork Music & Art Foundation is a private foundation focused on Arts, Culture & Humanities, based in Cranford, NJ. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.0M in total assets. In 2025, it awarded 4 grants totaling $3K. Net investment income was $51K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
The Masterwork Music & Art Foundation is led by Todd Whitley, Executive Director on the 2025 filing; none of the 13 officers listed in 2025 report compensation.
Officers on the 2025 filing
Todd Whitley
Executive Director
New on the 2025 filing
No compensation reported
Tony Javed
President
New on the 2025 filing
No compensation reported
Joseph White
Treasurer
Secretary → Treasurer, 2025
On filings since 2021
No compensation reported
Mathews Philips
Vice President
President → Vice President, 2022
On filings since 2021
No compensation reported
Alice Glock
Administrator
New on the 2025 filing
No compensation reported
Carol May
Member
New on the 2025 filing
No compensation reported
Eileen White
Member
New on the 2025 filing
No compensation reported
Eric Hafen
Member
New on the 2025 filing
No compensation reported
Joen Ferrari
Member
New on the 2025 filing
No compensation reported
John L. Thomas
Member
New on the 2025 filing
No compensation reported
Mina Lavinia Mears Ruby
Member
New on the 2025 filing
No compensation reported
R. Wayne Walters
Advisory
New on the 2025 filing
No compensation reported
Stephen R. Black
Ameriprise Financial Advisor
New on the 2025 filing
No compensation reported
Former officers (2)
- Former: Gwyneth Mooney (2021–2024) — Treasurer
- Former: Sulmon A. Javed (2022–2024) — President
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.
Frequently asked questions about The Masterwork Music & Art Foundation
How much does The Masterwork Music & Art Foundation give each year?
The Masterwork Music & Art Foundation gave $3K across 4 grants in 2025, according to its 2025 IRS Form 990-PF.
What is The Masterwork Music & Art Foundation's typical grant size?
The Masterwork Music & Art Foundation's median grant in 2025 was $500, and its average grant was $625, across 4 grants on its 2025 IRS Form 990-PF.
Where does The Masterwork Music & Art Foundation give grants?
The Masterwork Music & Art Foundation gives mostly in New York: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does The Masterwork Music & Art Foundation give general operating support?
Yes: 100% of The Masterwork Music & Art Foundation's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is The Masterwork Music & Art Foundation?
The Masterwork Music & Art Foundation reported $1.0M in total assets on its 2025 IRS Form 990-PF. It paid out $31K in qualifying distributions that year, against a required minimum of $45K (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 The Masterwork Music & Art Foundation?
The Masterwork Music & Art Foundation is a private foundation focused on Arts, Culture & Humanities, based in Cranford, NJ. It holds $1.0M in total assets as of 2025.
What is The Masterwork Music & Art Foundation's EIN?
The Masterwork Music & Art Foundation's EIN (Employer Identification Number) is 22-1717253. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 18, 2026)
Live grants for the work The Masterwork Music & Art Foundation funds
Arts, Culture & Humanities Open opportunities, soonest deadline first.
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