Masters Tournament Foundation Inc

Organization Overview

Masters Tournament Foundation Inc is located in Augusta, GA. The organization was established in 2012. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masters Tournament Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Masters Tournament Foundation Inc generated $20.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $14.5m during the year ending 12/2021. While expenses have increased by 5.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Masters Tournament Foundation Inc has awarded 69 individual grants totaling $21,679,858. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

ASIA PACIFIC AMATEUR CHAMPIONSHIP


DRIVE, CHIP, AND PUTT CHAMPIONSHIP


LATIN AMERICAN AMATEUR CHAMPIONSHIP


AUGUSTA NATIONAL WOMEN'S AMATEUR


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Broadcast Services International
$558,783
Nbc Universal Media Llc
$1,100,000
Brightspot
$570,895
Img Media Ltd
$552,700
Tower 3 Champions Retreat Llc
$539,060
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $16,572,155
Interest on Savings $0
Dividends & Interest $987,301
Net Rental Income$0
Net Gain on Sale of Assets $775,764
Capital Gain Net Income $775,764
Net ST Capital Gain $0
Income Modifications $750,000
Profit on Inventory Sales $0
Other Income $1,948,274
Total Revenue $20,283,494

Grants Awarded

Over the last fiscal year, Masters Tournament Foundation Inc has awarded $2,318,000 in support to 10 organizations.

Grant RecipientAmount

PAINE COLLEGE-LEE ELDER SCHOLARSHIP FOUNDATION

PURPOSE: FOSTER SPORT OF GOLF

$1,200,000

WORLD GOLF FOUNDATION

Org PageRecipient Profile

St Augustine, FL

PURPOSE: FOSTER SPORT OF GOLF

$250,000

FIRST TEE OF AUGUSTA

PURPOSE: FOSTER SPORT OF GOLF

$200,000

WORLD GOLF FOUNDATION (HOF CEREMONY)

PURPOSE: FOSTER SPORT OF GOLF

$150,000

CAF AMERICA

PURPOSE: FOSTER SPORT OF GOLF

$108,000

PGA FOUNDATION (PGA REACH)

PURPOSE: FOSTER SPORT OF GOLF

$100,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Masters Tournament Foundation Inc has recieved totaling $746,065.

Awarding OrganizationAmount
United States Golf Association

Liberty Corner, NJ

PURPOSE: JUNIOR

$586,065
Solich Fund

Denver, CO

PURPOSE: SPORTS AND RECREATION

$150,000
Coatue Foundation

New York, NY

PURPOSE: GENERAL CHARITABLE PURPOSES

$10,000
View Grant Recipient Profile

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