Masters Tournament Foundation Inc
Invitation OnlyAugusta, Georgia · EIN 27-4452110 · Private foundation
Grants paid (2024)$1.7M
Organizations funded10
Typical grant$200,000
Total assets$18.3M
Half of its grants to organizations were between $25,000 and $400,000.
From the return
How to apply
On its return for tax year 2024 the foundation checked the box saying it only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds.
What it funds
Share of grant lines on the latest return, classified from the purpose each grant states.
Where it gives
63% of grants went outside Georgia.
Grants paid in tax year 2024
| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| Masters Tournament Charities Inc | Augusta, GA | Community support, enrichment, and foster sport of golf | $62,019,503 |
| Pga Tour First Tee Foundation Inc | Ponte Vedra Beach, FL | Foster sport of golf | $500,000 |
| First Tee of Augusta | Augusta, GA | Foster sport of golf | $400,000 |
| Pga Foundation Inc | Ponte Vedra Beach, FL | Foster sport of golf | $200,000 |
| The Lpga Foundation | Daytona Beach, FL | Foster sport of golf | $200,000 |
| Usga | Liberty Corner, NJ | Foster sport of golf | $200,000 |
| Caf America | Alexandria, VA | Foster sport of golf | $108,000 |
| National Golf Foundation | Jupiter, FL | Foster sport of golf | $25,000 |
| The Georgia Golf & Environmental Foundation Inc | Hartwell, GA | Foster sport of golf | $25,000 |
| The Environmental Institute for Golf | Lawrence, KS | Foster sport of golf | $15,000 |
| Masters Tournament Charities Inc | Augusta, GA | Distribution out of corpus | -$62,019,503 |
Giving by year
| Tax year | Grants paid | Grant lines |
|---|---|---|
| 2024 | $1,673,000 | 11 |
| 2023 | $498,000 | 6 |
Sources
- IRS Form 990-PF, tax year 2024, filed Nov 17, 2025 - IRS e-file batch, object ID 202503219349103610
- IRS Tax Exempt Organization Search for EIN 27-4452110
- Profile updated Nov 5, 2026
Facts on this page come from the foundation's own IRS Form 990-PF filings as published by the IRS. Grantvello does not know whether a foundation is accepting proposals right now: a past grant is not an open opportunity. Always confirm current guidelines with the funder before applying.