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Form 990-PFTax year 2024EIN 27-4452110

Masters Tournament Foundation Inc

A private foundation in Augusta, GA. Its return for tax year 2024 lists 11 grants and $1.7 million paid in grants.

See which foundations fund work like yours Matching by cause, place and grant size

Tax year 2024 (period ending Dec 31, 2024), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Preselected only

The return checks the box saying the foundation gives only to preselected organizations and does not accept unsolicited requests.

Assets and giving by year

7 returns on file
Grants paid by tax year. The latest year is in blue.

  • Tax year 2024

    $1,673,000

    Grants listed
    11
    Assets, end of year
    $18,314,880

  • Tax year 2023

    $498,000

    Grants listed
    6
    Assets, end of year
    $81,750,090

  • Tax year 2022

    $352,500

    Grants listed
    3
    Assets, end of year
    $67,382,332

  • Tax year 2021

    $2,318,000

    Grants listed
    10
    Assets, end of year
    $56,432,291

  • Tax year 2020

    $10,018,000

    Grants listed
    13
    Assets, end of year
    $45,643,298

  • Tax year 2019

    $1,903,143

    Grants listed
    9
    Assets, end of year
    $52,171,523

  • Tax year 2018

    $2,233,143

    Grants listed
    12
    Assets, end of year
    $41,401,705

Grants paid in 2024

11 grants, largest first

As listed on the return.

  1. Masters Tournament Charities IncAugusta, GA

    Community support, enrichment, and foster sport of golf

    $62,019,503
  2. Pga Tour First Tee Foundation IncPonte Vedra, FL

    Foster sport of golf

    $500,000
  3. First Tee of AugustaAugusta, GA

    Foster sport of golf

    $400,000
  4. Pga Foundation IncPonte Vedra Beach, FL

    Foster sport of golf

    $200,000
  5. The Lpga FoundationDaytona Beach, FL

    Foster sport of golf

    $200,000
  6. UsgaLiberty Cor, NJ

    Foster sport of golf

    $200,000
  7. Caf AmericaAlexandria, VA

    Foster sport of golf

    $108,000
  8. National Golf FoundationJupiter, FL

    Foster sport of golf

    $25,000
  9. The Georgia Golf & Environmental Foundation IncHartwell, GA

    Foster sport of golf

    $25,000
  10. The Environmental Institute for GolfLawrence, KS

    Foster sport of golf

    $15,000
  11. Masters Tournament Charities IncAugusta, GA

    Distribution out of corpus

    -$62,019,503

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Sports and recreation4 grants $700,00068% of the total
  2. Education2 grants $215,00021% of the total
  3. Philanthropy and grantmaking1 grant $108,00011% of the total

By State

Grants to organizations with a US address, latest year.

  1. Florida4 grants $925,000
  2. Georgia4 grants $425,000
  3. New Jersey1 grant $200,000
  4. Virginia1 grant $108,000
  5. Kansas1 grant $15,000

Officers, directors and trustees

11 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Fred S RidleyDIRECTOR Hours 1Pay $0
  • S Taylor GloverPRESIDENT AND CEO Hours 2Pay $0
  • Robert L JohnstonSECRETARY AND TREASURER Hours 2Pay $0
  • W Patrick BattleDIRECTOR Hours 1Pay $0
  • Craig L HeatleyDIRECTOR Hours 1Pay $0
  • Edward D HerlihyDIRECTOR Hours 1Pay $0
  • Terence F McGuirkDIRECTOR Hours 1Pay $0
  • Brian L RobertsDIRECTOR Hours 1Pay $0
  • Lee J Styslinger IIIDIRECTOR Hours 1Pay $0
  • Thomas C NelsonDIRECTOR Hours 1Pay $0
  • Kessel D Stelling JrDIRECTOR Hours 1Pay $0

The return

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