The Masters Tournament Foundation is overwhelmingly focused on supporting the sport of golf and related community enrichment, funneling the vast majority of its resources through Masters Tournament Charities and national golf organizations. Its grants concentrate on youth development programs, professional and amateur golf institutions, and initiatives that promote access to and growth of golf both locally (Augusta) and internationally. The foundation shows a clear preference for established golf nonprofits and programmatic support that advances the game and its community impact.
A single $62,019,503 grant to Masters Tournament Charities Inc anchors Masters Tournament Foundation Inc’s recent giving and shows how heavily the foundation channels resources toward golf and community enrichment. That one grant sits alongside a smaller set of awards to established golf organizations and Augusta-based partners, all described with purposes tied to fostering the sport of golf. The pattern is clear: the foundation uses large grants to sustain golf infrastructure, support youth participation, and extend the game’s reach through local and national intermediaries. Its recent grants include $500,000 to Pga Tour First Tee Foundation Inc, $400,000 to First Tee of Augusta, and $200,000 each to Pga Foundation Inc, Usga, and The Lpga Foundation. Those awards point to a portfolio built around youth development, professional and amateur golf institutions, and women’s golf. The foundation also makes smaller awards to environmental and research-oriented golf groups, suggesting that its support is not limited to play and training but extends to the broader systems that shape golf community life.
Youth golf development appears as a recurring theme. The foundation gave $500,000 to Pga Tour First Tee Foundation Inc and $400,000 to First Tee of Augusta, both to foster the sport of golf. It also awarded $100,000 to Pga Foundation Inc Dba Pga Reach for the same purpose, reinforcing a programmatic interest in participation and entry points to the game. Women’s golf is another visible thread. In 2025, Masters Tournament Foundation Inc gave $200,000 to The Lpga Foundation, and it also made a $100,000 grant to that organization in 2023. International reach shows up through $108,000 grants to Caf America, again framed around fostering the sport of golf. Environmental and stewardship-related golf work appears in smaller grants to The Georgia Golf Environmental Foundation Inc and The Environmental Institute for Golf.
Typical grant size is $25,000 at the 25th percentile, $100,000 at the median, and $108,000 at the 75th percentile. The distribution is highly skewed by one very large award, while most other recent grants cluster around six figures or below. Recipients repeat across years and even within the recent list: The Lpga Foundation appears in 2023 and 2025, World Golf Foundation appears in 2023 and 2025, and Caf America appears twice in 2025. The foundation does not fund individuals and does not make program-related investments. The latest 990 on file is 2025.
$63.7M
$18.3M
$34.6M
$80.6M
Most grants fall between $25K and $108K, with a median of $100K.
25th Percentile
$25K
Median
$100K
75th Percentile
$108K
About 32% of grants go to recipients in FL.
Top 2 recipient countries by grant volume for Masters Tournament Foundation.
| Rank | Country | Grants | Total | Share |
|---|---|---|---|---|
| 1 | United StatesDomestic | 20 | $126.6M | 90.9% |
| 2 | Japan |
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Highly concentrated: one very large grant to its own affiliated charity accounts for the majority of dollars, supplemented by recurring mid-size grants to familiar, mission-aligned golf organizations; repeat grantees and program-focused support dominate over one-off, diverse causes.
Notable grantees: Masters Tournament Charities, Inc., First Tee (national and First Tee of Augusta), World Golf Foundation, LPGA Foundation, USGA
Grant recipients are concentrated in the U.S., with 20 grants, and 2 grants to JA. Within the U.S., Augusta appears repeatedly through Masters Tournament Charities Inc, First Tee of Augusta, Augusta University Foundation, and local environmental golf groups in Georgia. Other frequent recipient hubs include Ponte Vedra Beach, Florida; Daytona Beach, Florida; and Alexandria, Virginia. Texas stands out as the top state by grant count, even though the foundation’s headquarters is in Augusta, Georgia.
Its grants are centered on golf. Recent awards support Masters Tournament Charities Inc, First Tee affiliates, the PGA and LPGA ecosystems, the USGA, and golf-related environmental and educational groups. The stated purposes in the recent grants are consistently tied to fostering the sport of golf, community enrichment, youth development, and access to the game.
The typical recent grant is in the six-figure range. The 25th percentile is $25,000, the median is $100,000, and the 75th percentile is $108,000. One grant is much larger than the rest, but most awards cluster around those levels.
Yes. The recent grants list includes repeat support for The Lpga Foundation in 2023 and 2025, World Golf Foundation in 2023 and 2025, and Caf America twice in 2025. That pattern suggests ongoing relationships rather than isolated one-time gifts.
Augusta is a recurring recipient location, with grants to Masters Tournament Charities Inc, First Tee of Augusta, Augusta University Foundation, and Georgia-based golf environmental groups. Other repeated recipient cities include Ponte Vedra Beach, Daytona Beach, Alexandria, and Frisco.
Yes. The recipient-country distribution includes 2 grants to JA, alongside 20 grants to US recipients. The country data shows the foundation’s giving reaches beyond U.S. borders, though most grants go to U.S.-based organizations.
2025
Source: IRS Form 990-PF, fiscal year 2025.
| 2 |
| $1.5M |
9.1% |
Recipient country reflects the grantee's headquarters per IRS 990-PF and Schedule F filings, not the program's implementation country.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| MASTERS TOURNAMENT CHARITIES INC | AUGUSTA, GA | $62,019,503 | 2025 | COMMUNITY SUPPORT, ENRICHMENT, AND FOSTER SPORT OF GOLF |
| PGA TOUR FIRST TEE FOUNDATION INC | PONTE VEDRA BEACH, FL | $500,000 | 2025 | FOSTER SPORT OF GOLF |
| FIRST TEE OF AUGUSTA | AUGUSTA, GA | $400,000 | 2025 | FOSTER SPORT OF GOLF |
| PGA FOUNDATION INC | PONTE VEDRA BEACH, FL | $200,000 | 2025 | FOSTER SPORT OF GOLF |
| THE LPGA FOUNDATION | DAYTONA BEACH, FL | $200,000 | 2025 | FOSTER SPORT OF GOLF |
| USGA | LIBERTY CORNER, NJ | $200,000 | 2025 | FOSTER SPORT OF GOLF |
| WORLD GOLF FOUNDATION | ST AUGUSTINE, FL | $150,000 | 2025 | FOSTER SPORT OF GOLF |
| CAF AMERICA | ALEXANDRIA, VA | $108,000 | 2025 | FOSTER SPORT OF GOLF |
| CAF AMERICA | ALEXANDRIA, VA | $108,000 | 2025 | FOSTER SPORT OF GOLF |
| FIRST TEE OF AUGUSTA | AUGUSTA, GA | $100,000 | 2025 | FOSTER SPORT OF GOLF |
| PGA FOUNDATION INC DBA PGA REACH | FRISCO, TX | $100,000 | 2025 | FOSTER SPORT OF GOLF |
| THE GEORGIA GOLF ENVIRONMENTAL FOUNDATION INC | HARTWELL, GA | $25,000 | 2025 | FOSTER SPORT OF GOLF |
| THE GEORGIA GOLF & ENVIRONMENTAL FOUNDATION INC | HARTWELL, GA | $25,000 | 2025 | FOSTER SPORT OF GOLF |
| NATIONAL GOLF FOUNDATION | JUPITER, FL | $25,000 | 2025 | FOSTER SPORT OF GOLF |
| THE ENVIRONMENTAL INSTITUTE FOR GOLF | LAWRENCE, KS | $15,000 | 2025 | FOSTER SPORT OF GOLF |
| THE ENVIRONMENTAL INSTITUTE FOR GOLF | LAWRENCE, KS | $15,000 | 2025 | FOSTER SPORT OF GOLF |
| WORLD GOLF FOUNDATION | ST AUGUSTINE, FL | $250,000 | 2023 | FOSTER SPORT OF GOLF |
| THE LPGA FOUNDATION | DAYTONA BEACH, FL | $100,000 | 2023 | FOSTER SPORT OF GOLF |
| AUGUSTA UNIVERSITY FOUNDATION | AUGUSTA, GA | $2,500 | 2023 | FOSTER SPORT OF GOLF |
MASTERS TOURNAMENT CHARITIES INC
$62,019,503COMMUNITY SUPPORT, ENRICHMENT, AND FOSTER SPORT OF GOLF
PGA TOUR FIRST TEE FOUNDATION INC
$500,000FOSTER SPORT OF GOLF
FIRST TEE OF AUGUSTA
$400,000FOSTER SPORT OF GOLF
PGA FOUNDATION INC
$200,000FOSTER SPORT OF GOLF
THE LPGA FOUNDATION
$200,000FOSTER SPORT OF GOLF
USGA
$200,000FOSTER SPORT OF GOLF
WORLD GOLF FOUNDATION
$150,000FOSTER SPORT OF GOLF
CAF AMERICA
$108,000FOSTER SPORT OF GOLF
CAF AMERICA
$108,000FOSTER SPORT OF GOLF
FIRST TEE OF AUGUSTA
$100,000FOSTER SPORT OF GOLF
PGA FOUNDATION INC DBA PGA REACH
$100,000FOSTER SPORT OF GOLF
THE GEORGIA GOLF ENVIRONMENTAL FOUNDATION INC
$25,000FOSTER SPORT OF GOLF
THE GEORGIA GOLF & ENVIRONMENTAL FOUNDATION INC
$25,000FOSTER SPORT OF GOLF
NATIONAL GOLF FOUNDATION
$25,000FOSTER SPORT OF GOLF
THE ENVIRONMENTAL INSTITUTE FOR GOLF
$15,000FOSTER SPORT OF GOLF
THE ENVIRONMENTAL INSTITUTE FOR GOLF
$15,000FOSTER SPORT OF GOLF
WORLD GOLF FOUNDATION
$250,000FOSTER SPORT OF GOLF
THE LPGA FOUNDATION
$100,000FOSTER SPORT OF GOLF
AUGUSTA UNIVERSITY FOUNDATION
$2,500FOSTER SPORT OF GOLF