Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
MASTERS TOURNAMENT FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2444
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
AUGUSTA, GA30903
A Employer identification number

27-4452110
B Telephone number (see instructions)

(706) 729-3800
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$45,643,298J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 11,030,406
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 727,096 727,096  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 122,983
b Gross sales price for all assets on line 6a 6,314,226
7 Capital gain net income (from Part IV, line 2)... 122,983
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 426,866 0  
12 Total. Add lines 1 through 11........ 12,307,351 850,079  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 23,049 0   23,049
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 654,809 80,631   574,178
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 20,326 4,726   600
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 997,042 0   997,042
22 Printing and publications.......... 15,332 0   15,332
23 Other expenses (attach schedule)....... Click to see attachment 5,266,401 0   5,266,401
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 6,976,959 85,357   6,876,602
25 Contributions, gifts, grants paid....... 10,018,000 10,018,000
26 Total expenses and disbursements. Add lines 24 and 25 16,994,959 85,357   16,894,602
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,687,608
b Net investment income (if negative, enter -0-) 764,722
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 17,059,152 11,842,663 11,842,663
3 Accounts receivable bullet7,923,156
Less: allowance for doubtful accounts bullet   6,116,011 7,923,156 7,923,156
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet700,000
Less: allowance for doubtful accounts bullet0 350,000 700,000 700,000
8 Inventories for sale or use.............. 55,583 640,563 640,563
9 Prepaid expenses and deferred charges.......... 104,841 873,893 873,893
10a Investments—U.S. and state government obligations (attach schedule) 0 Click to see attachment3,684,996 3,684,996
b Investments—corporate stock (attach schedule)....... 0 Click to see attachment4,313,742 4,313,742
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment11,081,799 11,081,799
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 26,637,112 Click to see attachment4,246,942 4,246,942
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1,848,824 Click to see attachment335,544 Click to see attachment335,544
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 52,171,523 45,643,298 45,643,298
Liabilities 17 Accounts payable and accrued expenses.......... 333,950 822,888
18 Grants payable.................    
19 Deferred revenue................. 11,470,428 8,653,014
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 11,804,378 9,475,902
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........   32,937,189
25 Net assets with donor restrictions............   3,230,207
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 40,367,145 36,167,396
30 Total liabilities and net assets/fund balances (see instructions). 52,171,523 45,643,298
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
40,367,145
2
Enter amount from Part I, line 27a .....................
2
-4,687,608
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
487,859
4
Add lines 1, 2, and 3 ..........................
4
36,167,396
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
36,167,396
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES - ST P    
b PUBLICLY TRADED SECURITIES - LT P    
c CAPITAL GAIN DISTRIBUTIONS P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,371,496   3,266,492 105,004
b 2,850,338   2,924,751 -74,413
c 92,392     92,392
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       105,004
b       -74,413
c       92,392
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 122,983
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 10,630
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 10,630
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 10,630
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 17,522
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 27,522
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 16,892
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet16,892 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletGA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletROBERT L GEOFFROY Telephone no.bullet (706) 729-3800

    Located atbulletPO BOX 2444AUGUSTAGA ZIP+4bullet30903
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    FRED S RIDLEY DIRECTOR
    1.00     		0 0 0
    PO BOX 2444
    AUGUSTA,GA30903
    S TAYLOR GLOVER PRESIDENT AND CEO
    2.00     		0 0 0
    PO BOX 2444
    AUGUSTA,GA30903
    ROBERT L JOHNSTON SECRETARY AND TREASURER
    2.00     		0 0 0
    PO BOX 2444
    AUGUSTA,GA30903
    W PATRICK BATTLE DIRECTOR
    1.00     		0 0 0
    PO BOX 2444
    AUGUSTA,GA30903
    CRAIG L HEATLEY DIRECTOR
    1.00     		0 0 0
    PO BOX 2444
    AUGUSTA,GA30903
    EDWARD D HERLIHY DIRECTOR
    1.00     		0 0 0
    PO BOX 2444
    AUGUSTA,GA30903
    TERENCE F MCGUIRK DIRECTOR
    1.00     		0 0 0
    PO BOX 2444
    AUGUSTA,GA30903
    BRIAN L ROBERTS DIRECTOR
    1.00     		0 0 0
    PO BOX 2444
    AUGUSTA,GA30903
    LEE J STYSLINGER III DIRECTOR
    1.00     		0 0 0
    PO BOX 2444
    AUGUSTA,GA30903
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    IMG MEDIA LTD MEDIA 783,701
    1075 PEACHTREE ST NW 3300 3200
    ATLANTA,GA30309
    BROADCAST SERVICES INTERNATIONAL MEDIA 627,265
    5311 JOHN LUCAS DR UNIT 1
    BURLINGTON   ON L7L 6A8
    CA
    CIBANCO SA IBM FINANCIAL 466,944
    PASEO DE LAS PALMAS 215
    MIGUEL HIDALGO   11000
    MX
    BRIGHTSPOT MEDIA 269,803
    12120 SUNSET HILLS RD 6TH FLOOR
    RESTON,VA20190
    NYSO LOGISTICS LOGISTICS 126,099
    TROLLEY SQUARE SUITE 20C WILMINGTON
    NEW CASTLE,DE19806
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 ASIA PACIFIC AMATEUR CHAMPIONSHIP 310,732
    2 DRIVE, CHIP, AND PUTT CHAMPIONSHIP 980,251
    3 LATIN AMERICAN AMATEUR CHAMPIONSHIP 4,156,733
    4 AUGUSTA NATIONAL WOMEN'S AMATEUR 1,172,372
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    24,481,896
    b
    Average of monthly cash balances.......................
    1b
    13,809,803
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    38,291,699
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    38,291,699
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    574,375
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    37,717,324
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,885,866
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,885,866
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    10,630
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    10,630
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,875,236
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,875,236
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,875,236
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    16,894,602
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    16,894,602
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    16,894,602
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 1,875,236
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 9,645,314
    b From 2016...... 10,393,166
    c From 2017...... 11,158,863
    d From 2018...... 11,194,675
    e From 2019...... 18,217,113
    fTotal of lines 3a through e........ 60,609,131
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 16,894,602
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 1,875,236
    e Remaining amount distributed out of corpus 15,019,366
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 75,628,497
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		9,645,314
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		65,983,183
    10 Analysis of line 9:
    a Excess from 2016.... 10,393,166
    b Excess from 2017.... 11,158,863
    c Excess from 2018.... 11,194,675
    d Excess from 2019.... 18,217,113
    e Excess from 2020.... 15,019,366
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ASIAN TOUR LIMITED
    5 BUKIT MANIS ROAD
    SENTOSA   099893
    SN     		  NC FOSTER SPORT OF GOLF 750,000
    CAF AMERICA
    1800 DIAGONAL ROAD SUITE 150
    ALEXANDRIA,VA22314     		  PC FOSTER SPORT OF GOLF 108,000
    E4E RELIEF
    220 NORTH TRYON STREET
    CHARLOTTE,NC28202     		  PC FOSTER SPORT OF GOLF 100,000
    FIRST TEE OF AUGUSTA
    3165 DAMASCUS ROAD
    AUGUSTA,GA30909     		  PC FOSTER SPORT OF GOLF 200,000
    JAPAN GOLF TOUR ORGANIZATION
    AKASAKA HABITATION BUILDING 5F
    1-3-5 AKASAKA MINATO-KU
    TOKYO    
    JA     		  NC FOSTER SPORT OF GOLF 750,000
    LPGA
    100 INTERNATIONAL GOLF DRIVE
    DAYTONA BEACH,FL32124     		  NC FOSTER SPORT OF GOLF 1,000,000
    PGA EUROPEAN TOUR
    WENTWORTH DRIVE
    VIRGINIA WATER,SURREYGU25 4LX
    UK     		  NC FOSTER SPORT OF GOLF 2,000,000
    PGA OF AUSTRALIA LTD
    600 THOMPSONS ROAD
    SANDHURST VIC   3977
    AS     		  NC FOSTER SPORT OF GOLF 750,000
    PGA TOUR INC
    112 PGA TOUR BLVD
    PONTE VEDRA BEACH,FL32082     		  NC FOSTER SPORT OF GOLF 3,000,000
    SOUTH AFRICA PGA
    POSTNET SUITE 185 PRIVATE BAG X15
    SOMERSET WEST   7129
    SF     		  NC FOSTER SPORT OF GOLF 750,000
    THE ENVIRONMENTAL INSTITUTE FOR GOLF
    1421 RESEARCH PARK DRIVE
    LAWRENCE,KS66049     		  PC FOSTER SPORT OF GOLF 10,000
    USGA
    PO BOX 708
    FAR HILLS,NJ07931     		  PC FOSTER SPORT OF GOLF 100,000
    WORLD GOLF FOUNDATION
    1 WORLD GOLF PLACE
    ST AUGUSTINE,FL32092     		  PC FOSTER SPORT OF GOLF 500,000
    Total .................................bullet 3a 10,018,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 727,096  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     15 426,866  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 122,983  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,276,945 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,276,945
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    MASTERS TOURNAMENT FOUNDATION INC
     
    Employer identification number

    27-4452110
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    MASTERS TOURNAMENT FOUNDATION INC
          		Employer identification number
    27-4452110
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    AUGUSTA NATIONAL INC
     
    2604 WASHINGTON ROAD
     
    AUGUSTA, GA30904

    		$ 5,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    JOHN SWIGART
     
    1110 SPARTAN DRIVE
     
    MAUMEE, OH43537

    		$ 15,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    USGA
     
    PO BOX 708
     
    FAR HILLS, NJ07931

    		$ 682,857


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    R&A CHAMPIONSHIP LTD
     
    BEACH HOUSE GOLF PLACE
     
      , ST ANDREWS   UK

    		$ 110,535


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    DRIVE CHIP AND PUTT CHAMPIONSHIP
     
    PO BOX 2444
     
    AUGUSTA, GA30903

    		$ 1,190,889


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    ROBERT MANFRED
     
    303 E 77TH STREET
     
    NEW YORK, NY10075

    		$ 10,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Name of organization
    MASTERS TOURNAMENT FOUNDATION INC
          		Employer identification number
    27-4452110
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    7
    THE TORO FOUNDATION
     
    8111 LYNDALE AVE S
     
    SOUTH BLOOMINGDALE, MN554201196

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
    STEPHEN HOLMES
     
    18 KEECH BRIAR LANE
     
    POMPTON PLAINS, NJ074441505

    		$ 20,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    9
    PHILLIPE P LAFFONT
     
    9 WEST 57TH STREET 25TH FLOOR
     
    NEW YORK, NY10075

    		$ 250,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    10
    ARTURO GUTIERREZ
     
    AV SAN JERONIMO 813 PTE
     
    MONTERREY,   64640MX

    		$ 120,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    11
    DAVID GRAIN
     
    100 N WASHINGTON BLVD 201
     
    SARASOTA, FL34236

    		$ 100,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    12
    BILL RHODES
     
    PO BOX 2198
     
    MEMPHIS, TN381012198

    		$ 100,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Name of organization
    MASTERS TOURNAMENT FOUNDATION INC
          		Employer identification number
    27-4452110
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    13
    RENI NARAYEN
     
    4246 MANUELA CT
     
    PALO ALTO, CA943063731

    		$ 125,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    14
    CHARLES ROBBINS
     
    16150 HILLVALE AVENUE
     
    MONTE SERENO, CA95060

    		$ 110,275


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    15
    FRANK ANDERSON
     
    PO BOX 10027
     
    AUGUSTA, GA30903

    		$ 120,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    16
    ELLIS & JANE FISHER
     
    707 MCDANIEL AVENUE
     
    GREENVILLE, SC29605

    		$ 11,257


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    MASTERS TOURNAMENT FOUNDATION INC
          		Employer identification number

    27-4452110
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    14
    		 2500 SHARES OF CISCO $ 110,275 2020-12-07
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    16
    		 324 SHARES OF AT&T AND 216 SHARES OF FORD MOTOR CO. $ 11,257 2020-12-24
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    MASTERS TOURNAMENT FOUNDATION INC
          		Employer identification number

    27-4452110
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    MASTERS TOURNAMENT FOUNDATION INC
    EIN:
    27-4452110
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    PGA EUROPEAN TOUR
          		WENTWORTH DRIVE
    VIRGINIA WATER,SURREYGU25 4LX
    UK     		2020-07-22 2,000,000 TO SUPPORT THE GAME OF AMATEUR GOLF THROUGH THE FOSTERING OF THE GRANTEE'S SPORTS COMPETITIONS. 2,000,000 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 01/19/2021 2021-01-19 THE FOLLOWING INFORMATION IS PROVIDED IN ACCORDANCE WITH IRC SEC. 4945(H)(3) AND REG. 53.4945-5(D) TO DEMONSTRATE THAT THE FOUNDATION EXERCISED EXPENDITURE RESPONSIBILITY IN REGARD TO THIS GRANT.THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    LPGA
          		100 INTERNATIONAL GOLF DRIVE
    DAYTONA BEACH,FL32124     		2020-07-23 1,000,000 TO SUPPORT THE GAME OF AMATEUR GOLF THROUGH THE FOSTERING OF THE GRANTEE'S SPORTS COMPETITIONS. 1,000,000 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 12/11/2020 2020-12-11 THE FOLLOWING INFORMATION IS PROVIDED IN ACCORDANCE WITH IRC SEC. 4945(H)(3) AND REG. 53.4945-5(D) TO DEMONSTRATE THAT THE FOUNDATION EXERCISED EXPENDITURE RESPONSIBILITY IN REGARD TO THIS GRANT.THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    JAPAN GOLF TOUR ORGANIZATION
          		AKASAKA HABITATION BUILDING 5F
    1-3-5 AKASAKA MINATO-KU
    TOKYO    
    JA     		2020-07-24 750,000 TO SUPPORT THE GAME OF AMATEUR GOLF THROUGH THE FOSTERING OF THE GRANTEE'S SPORTS COMPETITIONS. 0 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 07/02/2021 2021-07-02 THE FOLLOWING INFORMATION IS PROVIDED IN ACCORDANCE WITH IRC SEC. 4945(H)(3) AND REG. 53.4945-5(D) TO DEMONSTRATE THAT THE FOUNDATION EXERCISED EXPENDITURE RESPONSIBILITY IN REGARD TO THIS GRANT.THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    SOUTH AFRICA PGA
          		POSTNET SUITE 185 PRIVATE BAG X15
    SOMERSET WEST   7129
    SF     		2020-07-24 750,000 TO SUPPORT THE GAME OF AMATEUR GOLF THROUGH THE FOSTERING OF THE GRANTEE'S SPORTS COMPETITIONS. 128,972 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 02/03/2021 2021-02-03 THE FOLLOWING INFORMATION IS PROVIDED IN ACCORDANCE WITH IRC SEC. 4945(H)(3) AND REG. 53.4945-5(D) TO DEMONSTRATE THAT THE FOUNDATION EXERCISED EXPENDITURE RESPONSIBILITY IN REGARD TO THIS GRANT.THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    PGA OF AUSTRALIA LTD
          		600 THOMPSONS ROAD
    SANDHURST VIC   3977
    AS     		2020-07-24 750,000 TO SUPPORT THE GAME OF AMATEUR GOLF THROUGH THE FOSTERING OF THE GRANTEE'S SPORTS COMPETITIONS. 135,000 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 03/30/2021 2021-03-30 THE FOLLOWING INFORMATION IS PROVIDED IN ACCORDANCE WITH IRC SEC. 4945(H)(3) AND REG. 53.4945-5(D) TO DEMONSTRATE THAT THE FOUNDATION EXERCISED EXPENDITURE RESPONSIBILITY IN REGARD TO THIS GRANT.THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    ASIAN TOUR LIMITED
          		5 BUKIT MANIS ROAD
    SENTOSA   099893
    SN     		2020-07-29 750,000 TO SUPPORT THE GAME OF AMATEUR GOLF THROUGH THE FOSTERING OF THE GRANTEE'S SPORTS COMPETITIONS. 0 GRANTEE RETURNED 100% OF FUNDS TO GRANTOR IN TAX YEAR 2021. 10/01/2021 2021-10-01 THE FOLLOWING INFORMATION IS PROVIDED IN ACCORDANCE WITH IRC SEC. 4945(H)(3) AND REG. 53.4945-5(D) TO DEMONSTRATE THAT THE FOUNDATION EXERCISED EXPENDITURE RESPONSIBILITY IN REGARD TO THIS GRANT.THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.DUE TO THE RETURN OF 100% OF THE GRANT, GRANTOR WILL REPORT A RECOVERY ON THE TAX YEAR 2021 RETURN ACCORDINGLY.
    PGA TOUR INC
          		112 PGA TOUR BLVD
    PONTE VEDRA BEACH,FL32082     		2020-08-04 3,000,000 TO SUPPORT THE GAME OF AMATEUR GOLF THROUGH THE FOSTERING OF THE GRANTEE'S SPORTS COMPETITIONS.   TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. PENDING   THE FOLLOWING INFORMATION IS PROVIDED IN ACCORDANCE WITH IRC SEC. 4945(H)(3) AND REG. 53.4945-5(D) TO DEMONSTRATE THAT THE FOUNDATION EXERCISED EXPENDITURE RESPONSIBILITY IN REGARD TO THIS GRANT.THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    MASTERS TOURNAMENT FOUNDATION INC
    EIN:
    27-4452110
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES 2.95% 15 MAR 2025 285,279 285,279
    ALPHABET INC 1.998% 15 AUG 2026 80,417 80,417
    ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.75% 23 JAN 2029 485,314 485,314
    APPLE INC 1.65% 11 MAY 2030 203,924 203,924
    AT&T INC 4.3% 15 FEB 2030 83,618 83,618
    BANK OF AMERICA CORP 3.3% 11 JAN 2023 313,822 313,822
    BERKSHIRE HATHAWAY FINANCE CORP 4.25% 15 JAN 2021 79,088 79,088
    BP CAPITAL MARKETS PLC 2.5% 06 NOV 2022 9,352 9,352
    BP CAPITAL MARKETS PLC 3.245% 06 MAY 2022 329,916 329,916
    CAPITAL ONE FINANCIAL CORP 3.2% 30 JAN 2023 7,375 7,375
    CISCO SYSTEMS INC/DELAWARE 3.625% 04 MAR 2024 301,249 301,249
    CITIGROUP INC 3.75% 16 JUN 2024 99,553 99,553
    COCA-COLA CO/THE 3.2% 01/11/2023 503,081 503,081
    COMCAST CORP 3.15% 15 FEB 2028 108,346 108,346
    COMCAST CORP 3.6% 01 MAR 2024 225,540 225,540
    CONOCOPHILLIPS HOLDING CO 6.95% 15 APR 2029 500,286 500,286
    EMERGING MKTS DEBT FUND (SITEX) 798,788 798,788
    EXXON MOBIL CORP 3.043% 01 MAR 2026 113,014 113,014
    GENERAL MOTORS FINANCIAL CO INC 4.2% 06 NOV 2021 2,061 2,061
    GILEAD SCIENCES INC 3.65% 01 MAR 2026 373,244 373,244
    GOLDMAN SACHS GROUP INC/THE 3.5% 23 JAN 2025 251,634 251,634
    GOLDMAN SACHS GROUP INC/THE 3.625% 22 JAN 2023 90,706 90,706
    HIGH YIELD BOND FUND (SHYAX) 1,339,723 1,339,723
    INTEL CORP 2.7% 15 DEC 2022 189,561 189,561
    INTERNATIONAL BUSINESS MACHINES CORP 3.625% 12 FEB 2024 29,652 29,652
    JOHNSON & JOHNSON 2.45% 01 MAR 2026 230,629 230,629
    JOHNSON & JOHNSON 2.95% 03 MAR 2027 400,638 400,638
    JPMORGAN CHASE & CO 3.125% 23 JAN 2025 56,953 56,953
    LOWE'S COS INC 3.8% 15 NOV 2021 25,530 25,530
    MICROSOFT CORP 3.3% 06 FEB 2027 457,563 457,563
    MORGAN STANLEY VARIABLE 3.591% 22 JUL 2028 399,593 399,593
    NORTHROP GRUMMAN CORP 3.25% 15 JAN 2028 476,072 476,072
    PEPSICO INC 2.375% 06 OCT 2026 11,992 11,992
    PRAXAIR INC 2.45% 15 FEB 2022 71,300 71,300
    PROCTER & GAMBLE CO/THE 2.85% 11 AUG 2027 23,443 23,443
    QUALCOMM INC 2.9% 20 MAY 2024 80,768 80,768
    REAL RETURN FUND (SRAAX) 1,238,207 1,238,207
    SHELL INTERNATIONAL FINANCE BV 3.25% 11 MAY 2025 221,686 221,686
    STARBUCKS CORP 3.85% 01 OCT 2023 77,112 77,112
    TOTAL CAPITAL INTERNATIONAL SA 3.455% 19 FEB 2029 114,621 114,621
    TOYOTA MOTOR CREDIT CORP MEDIUM TERM NOTE DTD 01/12/2012 3.300% 12 JAN 2022 82,514 82,514
    TWDC ENTERPRISES 18 CORP 2.75% 16 AUG 2021 308,635 308,635

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    MASTERS TOURNAMENT FOUNDATION INC
    EIN:
    27-4452110
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABB LTD 12,219 12,219
    AFFILIATED MANAGERS GROUP INC 4.75% 30 SEP 2060 2,927 2,927
    AFFILIATED MANAGERS GROUP INC 5.875% 30 MAR 2059 8,686 8,686
    ALABAMA POWER CO 5% 6,456 6,456
    ALGONQUIN POWER & UTILITIES CORP VARIABLE 6.2% 01/07/2079 5,684 5,684
    ALGONQUIN POWER & UTILITIES CORP VARIABLE 6.875% 17 OCT 2078 5,443 5,443
    ALLIANZ SE 11,093 11,093
    ALLSTATE CORP/THE 4.75% 5,930 5,930
    ALLSTATE CORP/THE 5.1% 15,680 15,680
    ALLSTATE CORP/THE 5.625% 11,547 11,547
    ALLSTATE CORP/THE VARIABLE 5.1% 15 JAN 2053 5,045 5,045
    AMERICAN FINANCIAL GROUP INC/OH 5.125% 15 DEC 2059 6,103 6,103
    AMERICAN FINANCIAL GROUP INC/OH 5.625% 01/06/2060 3,049 3,049
    AMERICAN FINANCIAL GROUP INC/OH 5.875% 30 MAR 2059 2,819 2,819
    AMERICAN INTERNATIONAL GROUP INC 5.85% 8,933 8,933
    ARCH CAPITAL GROUP LTD 5.25% 12,305 12,305
    ARCH CAPITAL GROUP LTD 5.45% 13,727 13,727
    ASE TECHNOLOGY HOLDING CO LTD 11,476 11,476
    ASSOCIATED BANC-CORP 5.625% 6,233 6,233
    ASSOCIATED BANC-CORP 5.875% 2,771 2,771
    AT&T INC 6,413 6,413
    AT&T INC 4.75% 5,887 5,887
    AT&T INC 5% 5,699 5,699
    AT&T INC 5.35% 01/11/2066 32,067 32,067
    AT&T INC 5.625% 01/08/2067 2,758 2,758
    BAE SYSTEMS PLC 11,267 11,267
    BANK OF AMERICA CORP 4.375% 5,974 5,974
    BANK OF AMERICA CORP 5% 17,705 17,705
    BANK OF AMERICA CORP 5.375% 16,686 16,686
    BANK OF AMERICA CORP 5.875% 7,686 7,686
    BCE INC 8,260 8,260
    BNP PARIBAS SA 13,252 13,252
    BRITISH AMERICAN TOBACCO PLC 10,985 10,985
    CAPITAL ONE FINANCIAL CORP 4.8% 5,772 5,772
    CAPITAL ONE FINANCIAL CORP 5% 11,301 11,301
    CAPITAL ONE FINANCIAL CORP 5.2% 6,365 6,365
    CAPITAL ONE FINANCIAL CORP 6% 4,971 4,971
    CHARLES SCHWAB CORP/THE 5.95% 10,572 10,572
    CHARLES SCHWAB CORP/THE 6% 9,206 9,206
    CIE GENERALE DES ETABLISSEMENTS MICHELIN SCA 12,166 12,166
    CISCO SYSTEMS INC 10,606 10,606
    CITIGROUP INC 6.3% 4,729 4,729
    CITIGROUP INC VARIABLE 6.875% 16,508 16,508
    CITIGROUP INC VARIABLE 7.125% 13,196 13,196
    CITIZENS FINANCIAL GROUP INC 5% 12,216 12,216
    CITIZENS FINANCIAL GROUP INC VARIABLE 6.35% 11,449 11,449
    CMS ENERGY CORP 5.625% 15 MAR 2078 5,613 5,613
    CMS ENERGY CORP 5.875% 01/03/2079 8,764 8,764
    CULLEN/FROST BANKERS INC 4.45% 2,999 2,999
    DEUTSCHE TELEKOM AG 7,637 7,637
    DIAGEO PLC 8,735 8,735
    DIGITAL REALTY TRUST INC 5.2% 2,948 2,948
    DIGITAL REALTY TRUST INC 5.25% 5,131 5,131
    DIGITAL REALTY TRUST INC 5.85% 2,741 2,741
    DOMINION ENERGY INC 5.25% 30 JUL 2076 24,557 24,557
    DTE ENERGY CO 5.25% 01/12/2077 10,662 10,662
    DTE ENERGY CO 5.375% 01/06/2076 10,499 10,499
    DTE ENERGY CO 6% 15 DEC 2076 2,413 2,413
    DUKE ENERGY CORP 9,522 9,522
    DUKE ENERGY CORP 5.625% 15 SEP 2078 2,877 2,877
    DUKE ENERGY CORP 5.75% 5,616 5,616
    ENBRIDGE INC VARIABLE 6.375% 15 APR 2078 18,050 18,050
    ENEL SPA 12,941 12,941
    ENTERGY ARKANSAS LLC 4.875% 01/09/2066 5,187 5,187
    ENTERGY LOUISIANA LLC 4.875% 01/09/2066 5,322 5,322
    ENTERGY MISSISSIPPI LLC 4.9% 01/10/2066 7,618 7,618
    ENTERGY NEW ORLEANS LLC 5.5% 01/04/2066 5,621 5,621
    EQUITABLE HOLDINGS INC 5.25% 5,195 5,195
    FIFTH THIRD BANCORP 4.95% 14,608 14,608
    FIFTH THIRD BANCORP VARIABLE 6.625% 6,203 6,203
    FIRST REPUBLIC BANK/CA 4.125% 6,028 6,028
    FIRST REPUBLIC BANK/CA 4.7% 5,854 5,854
    FIRST REPUBLIC BANK/CA 5.125% 4,587 4,587
    FIRST REPUBLIC BANK/CA 5.5% 2,713 2,713
    GATX CORP 5.625% 30 MAY 2066 4,906 4,906
    GLAXOSMITHKLINE PLC 6,256 6,256
    GLOBE LIFE INC 6.125% 15 JUN 2056 3,475 3,475
    GOLDMAN SACHS GROUP INC PREFERRED SERIES D CALLABLE 2,852 2,852
    GOLDMAN SACHS GROUP INC/THE 6.3% 9,653 9,653
    GOLDMAN SACHS GROUP INC/THE VARIABLE 5.5% 24,242 24,242
    GOLDMAN SACHS GROUP INC/THE VARIABLE 6.375% 12,535 12,535
    HARTFORD FINANCIAL SERVICES GROUP INC/THE 6% 5,856 5,856
    HARTFORD FINL SVCS GRP 7.875% PREFERRED DUE 15 APR 2042 CALLABLE 13,280 13,280
    HEALTHPEAK PROPERTIES INC 9,855 9,855
    IBERDROLA SA 14,318 14,318
    INTEL CORP 9,565 9,565
    JPMORGAN CHASE & CO 16,900 16,900
    JPMORGAN CHASE & CO 4.75% 7,288 7,288
    JPMORGAN CHASE & CO 5.75% 11,240 11,240
    JPMORGAN CHASE & CO 6% 10,367 10,367
    KEYCORP 5.625% 2,873 2,873
    KEYCORP 5.65% 8,834 8,834
    KEYCORP VARIABLE 6.125% 19,904 19,904
    KIMCO REALTY CORP 5.125% 5,201 5,201
    KIMCO REALTY CORP 5.25% 7,078 7,078
    LAS VEGAS SANDS CORP 5,900 5,900
    METLIFE INC 4.75% 20,998 20,998
    METLIFE INC 5.625% 5,456 5,456
    MMC NORILSK NICKEL PJSC 5,698 5,698
    MORGAN STANLEY 4.875% 5,885 5,885
    MORGAN STANLEY VARIABLE 5.85% 11,511 11,511
    MORGAN STANLEY VARIABLE 6.875% 7,866 7,866
    MORGAN STANLEY VARIABLE 7.125% 18,705 18,705
    NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 5.5% 15 MAY 2064 5,856 5,856
    NESTLE SA 12,605 12,605
    NEW YORK COMMUNITY BANCORP INC VARIABLE 6.375% 16,250 16,250
    NEXTERA ENERGY CAPITAL HOLDINGS INC 5.25% 01/06/2076 18,016 18,016
    NEXTERA ENERGY CAPITAL HOLDINGS INC 5.65% 01/03/2079 5,597 5,597
    NEXTERA ENERGY INC 13,038 13,038
    NIPPON TELEGRAPH & TELEPHONE CORP 9,663 9,663
    NORTHERN TRUST CORP 4.7% 5,806 5,806
    NOVARTIS AG 11,048 11,048
    PEOPLE'S UNITED FINANCIAL INC VARIABLE 5.625% 21,028 21,028
    PERSIMMON PLC 11,703 11,703
    PFIZER INC 11,706 11,706
    PNC FINANCIAL SERVICES 6.125% PREFERRED SERIES P CALLABLE 25,414 25,414
    PRUDENTIAL FINANCIAL INC 4.125% 01/09/2060 3,019 3,019
    PRUDENTIAL FINANCIAL INC 5.625% 15 AUG 2058 5,761 5,761
    PS BUSINESS PARKS INC 4.875% 5,998 5,998
    PS BUSINESS PARKS INC 5.2% 5,011 5,011
    PS BUSINESS PARKS INC 5.25% 10,135 10,135
    PUBLIC STORAGE 4.125% 2,984 2,984
    PUBLIC STORAGE 4.625% 2,958 2,958
    PUBLIC STORAGE 4.875% 2,795 2,795
    PUBLIC STORAGE 4.9% 2,904 2,904
    PUBLIC STORAGE 4.95% 7,112 7,112
    PUBLIC STORAGE 5.05% 2,762 2,762
    PUBLIC STORAGE 5.15% 2,618 2,618
    PUBLIC STORAGE 5.6% 5,528 5,528
    RAYTHEON TECHNOLOGIES CORP 11,728 11,728
    REGIONS FINANCIAL CORP VARIABLE 5.7% 5,846 5,846
    REGIONS FINANCIAL CORP VARIABLE 6.375% 16,000 16,000
    RENAISSANCERE HOLDINGS LTD 5.375% 2,328 2,328
    RENAISSANCERE HOLDINGS LTD 5.75% 8,895 8,895
    ROCHE HOLDING AG 6,620 6,620
    S&P 500 INDEX FUND (SSPIX) 944,610 944,610
    SANOFI 8,892 8,892
    SIEMENS AG 13,784 13,784
    SMURFIT KAPPA GROUP PLC 13,674 13,674
    SOFTBANK CORP 5,868 5,868
    SONIC HEALTHCARE LTD 12,257 12,257
    SOUTHERN CO/THE 4.2% 15 OCT 2060 3,069 3,069
    SOUTHERN CO/THE 4.95% 30 JAN 2080 5,809 5,809
    SPIRE INC 5.9% 2,802 2,802
    STATE STREET CORP VARIABLE 5.35% 18,013 18,013
    STATE STREET CORP VARIABLE 5.9% 11,842 11,842
    STIFEL FINANCIAL CORP 5.2% 15 OCT 2047 5,355 5,355
    STIFEL FINANCIAL CORP 6.125% 5,845 5,845
    SVB FINANCIAL GROUP 5.25% 5,645 5,645
    SYNOVUS FINANCIAL CORP VARIABLE 5.875% 8,877 8,877
    TOTAL SE 12,489 12,489
    TOYOTA MOTOR CORP 14,839 14,839
    TRUIST FINANCIAL CORP 4.75% 6,087 6,087
    TRUIST FINANCIAL CORP 5.25% 10,071 10,071
    TRUIST FINANCIAL CORP 5.625% 17,725 17,725
    U.S. MANAGED VOLATILITY FUND (SVOAX) 1,763,645 1,763,645
    UNILEVER PLC 10,865 10,865
    UNITED OVERSEAS BANK LTD 11,754 11,754
    US BANCORP 3.75% 11,959 11,959
    US BANCORP 5.5% 7,009 7,009
    US BANCORP 6.500% PREFERRED SERIES F CALLABLE 11,331 11,331
    VALE SA 14,782 14,782
    VORNADO REALTY TRUST 5.25% 10,280 10,280
    VOYA FINANCIAL INC VARIABLE 5.35% 5,976 5,976
    W R BERKLEY CORP 5.1% 30 DEC 2059 2,908 2,908
    W R BERKLEY CORP 5.75% 01/06/2056 15,384 15,384
    WALMART INC 5.875% 05 APR 2027 41,213 41,213
    WEBSTER FINANCIAL CORP 5.25% 5,299 5,299
    WELLS FARGO & CO 4.75% 2,827 2,827
    WELLS FARGO & CO 5.5% 7,688 7,688
    WELLS FARGO & CO 5.625% 7,888 7,888
    WELLS FARGO & CO VARIABLE 5.85% 11,546 11,546
    WELLS FARGO & CO VARIABLE 6.625% 20,590 20,590
    ZURICH INSURANCE GROUP AG 13,553 13,553

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    MASTERS TOURNAMENT FOUNDATION INC
    EIN:
    27-4452110
    US Government Securities - End of Year Book Value:

    3,684,996
    US Government Securities - End of Year Fair Market Value:

    3,684,996
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2020 InvestmentsOtherSchedule2
    Name:
    MASTERS TOURNAMENT FOUNDATION INC
    EIN:
    27-4452110
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GLOBAL MANAGED VOL FUND (SVTAX) FMV 1,567,732 1,567,732
    MULTI-ASSET ACCUMULATION FUND (SAAAX) FMV 980,828 980,828
    MULTI-ASSET CAPITAL STABILITY FUND (SCLAX) FMV 816,127 816,127
    MULTI-ASSET INCOME FUND (SIOAX) FMV 882,255 882,255

    TY 2020 LegalFeesSchedule
    Name:
    MASTERS TOURNAMENT FOUNDATION INC
    EIN:
    27-4452110
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 23,049 0   23,049


    TY 2020 OtherAssetsSchedule
    Name:
    MASTERS TOURNAMENT FOUNDATION INC
    EIN:
    27-4452110
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEPOSITS 1,848,824 335,544 335,544


    TY 2020 OtherExpensesSchedule
    Name:
    MASTERS TOURNAMENT FOUNDATION INC
    EIN:
    27-4452110
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 8,126 0   8,126
    MEALS & ENTERTAINMENT 466,802 0   466,802
    SUPPLIES 68,157 0   68,157
    EVENT EXPENSES 4,183,796 0   4,183,796
    POSTAGE 75,692 0   75,692
    ADVERTISING 92,900 0   92,900
    COMMUNICATIONS 72,095 0   72,095
    UNIFORMS 25,940 0   25,940
    MISC EXPENSES 47,343 0   47,343
    PGA SECTIONS 225,550 0   225,550


    TY 2020 OtherIncomeSchedule2
    Name:
    MASTERS TOURNAMENT FOUNDATION INC
    EIN:
    27-4452110
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    BROADCASTING REVENUE 426,866 0 426,866


    TY 2020 OtherIncreasesSchedule
    Name:
    MASTERS TOURNAMENT FOUNDATION INC
    EIN:
    27-4452110
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 487,859


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    MASTERS TOURNAMENT FOUNDATION INC
    EIN:
    27-4452110
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT AND BANKING FEES 80,631 80,631   0
    OTHER PROFESSIONAL FEES 574,178 0   574,178


    TY 2020 TaxesSchedule
    Name:
    MASTERS TOURNAMENT FOUNDATION INC
    EIN:
    27-4452110
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL INCOME TAX 15,000 0   0
    MISCELLANEOUS TAXES & LICENSES 600 0   600
    FOREIGN W/H TAXES 4,726 4,726   0