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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
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$56,432,291J 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) 16,572,155
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 987,301 987,301  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 775,764
b Gross sales price for all assets on line 6a 3,013,722
7 Capital gain net income (from Part IV, line 2)... 775,764
8 Net short-term capital gain.........  
9 Income modifications........... 750,000
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 1,948,274 0  
12 Total. Add lines 1 through 11........ 20,283,494 1,763,065 750,000
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 162,321 0   162,321
15 Pension plans, employee benefits....... 18,550 0   18,550
16a Legal fees (attach schedule)......... Click to see attachment 5,922 0   5,922
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 1,003,333 85,901   917,432
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 19,653 0   415
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 2,361,684 0   2,361,684
22 Printing and publications.......... 17,023 0   17,023
23 Other expenses (attach schedule)....... Click to see attachment 8,597,398 0   8,597,398
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 12,185,884 85,901   12,080,745
25 Contributions, gifts, grants paid....... 2,318,000 2,318,000
26 Total expenses and disbursements. Add lines 24 and 25 14,503,884 85,901   14,398,745
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,779,610
b Net investment income (if negative, enter -0-) 1,677,164
c Adjusted net income (if negative, enter -0-)... 750,000
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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......... 11,842,663 16,598,727 16,598,727
3 Accounts receivable bullet6,972,158
Less: allowance for doubtful accounts bullet   7,923,156 6,972,158 6,972,158
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) bullet732,086
Less: allowance for doubtful accounts bullet0 700,000 732,086 732,086
8 Inventories for sale or use.............. 640,563 541,627 541,627
9 Prepaid expenses and deferred charges.......... 873,893 323,458 323,458
10a Investments—U.S. and state government obligations (attach schedule) 3,684,996 Click to see attachment4,203,142 4,203,142
b Investments—corporate stock (attach schedule)....... 4,313,742 Click to see attachment7,903,795 7,903,795
c Investments—corporate bonds (attach schedule)....... 11,081,799 Click to see attachment12,362,972 12,362,972
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,246,942 Click to see attachment4,880,347 4,880,347
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment335,544 Click to see attachment1,913,979 Click to see attachment1,913,979
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 45,643,298 56,432,291 56,432,291
Liabilities 17 Accounts payable and accrued expenses.......... 822,888 1,420,806
18 Grants payable.................    
19 Deferred revenue................. 8,653,014 12,666,802
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)......... 9,475,902 14,087,608
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 38,123,966
25 Net assets with donor restrictions............ 3,230,207 4,220,717
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)..... 36,167,396 42,344,683
30 Total liabilities and net assets/fund balances (see instructions). 45,643,298 56,432,291
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
36,167,396
2
Enter amount from Part I, line 27a .....................
2
5,779,610
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
750,000
4
Add lines 1, 2, and 3 ..........................
4
42,697,006
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
352,323
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
42,344,683
Form 990-PF (2021)
Form 990-PF (2021)
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 1,713,648   1,478,883 234,765
b 767,998   759,075 8,923
c 532,076     532,076
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       234,765
b       8,923
c       532,076
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 2 775,764
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 23,313
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 23,313
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 16,892
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 40,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 56,892
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 33,579
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet33,579 RefundedBullet 11 0
Part VI-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 XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
     
     
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
    Yes
     
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
    c
    .........bullet
    d
    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? .................
    5d
    Yes
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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 (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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
    NBC UNIVERSAL MEDIA LLC MEDIA 1,100,000
    30 ROCKERFELLER PLAZA
    NEW YORK,NY10112
    BRIGHTSPOT MEDIA 570,895
    12120 SUNSET HILLS RD 6TH FLOOR
    RESTON,VA20190
    BROADCAST SERVICES INTERNATIONAL MEDIA 558,783
    5311 JOHN LUCAS DR UNIT 1
    BURLINGTON   ON L7L 6A8
    CA
    IMG MEDIA LTD MEDIA 552,700
    1075 PEACHTREE ST NW 3300 3200
    ATLANTA,GA30309
    TOWER 3 CHAMPIONS RETREAT LLC RECREATIONS 539,060
    37 CHAMPTIONS PKWY
    EVANS,GA30809
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-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 3,742,921
    2 DRIVE, CHIP, AND PUTT CHAMPIONSHIP 2,796,335
    3 LATIN AMERICAN AMATEUR CHAMPIONSHIP 231,622
    4 AUGUSTA NATIONAL WOMEN'S AMATEUR 5,269,899
    Part VIII-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 (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    25,725,484
    b
    Average of monthly cash balances.......................
    1b
    16,150,119
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    41,875,603
    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
    41,875,603
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    628,134
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    41,247,469
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    2,062,373
    Part X
    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 IX, line 6..................
    1
    2,062,373
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    23,313
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    23,313
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,039,060
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    750,000
    5
    Add lines 3 and 4............................
    5
    2,789,060
    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 XII, line 1 ...
    7
    2,789,060
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 2,789,060
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 10,393,166
    b From 2017...... 11,158,863
    c From 2018...... 11,194,675
    d From 2019...... 18,217,113
    e From 2020...... 15,019,366
    f Total of lines 3a through e ........ 65,983,183
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 14,398,745
    a Applied to 2020, 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 2021 distributable amount..... 2,789,060
    e Remaining amount distributed out of corpus 11,609,685
    5 Excess distributions carryover applied to 2021. 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 77,592,868
    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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		10,393,166
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		67,199,702
    10 Analysis of line 9:
    a Excess from 2017.... 11,158,863
    b Excess from 2018.... 11,194,675
    c Excess from 2019.... 18,217,113
    d Excess from 2020.... 15,019,366
    e Excess from 2021.... 11,609,685
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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 (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    CAF AMERICA
    1800 DIAGONAL ROAD SUITE 150
    ALEXANDRIA,VA22314     		  PC FOSTER SPORT OF GOLF 108,000
    FIRST TEE OF AUGUSTA
    3165 DAMASCUS ROAD
    AUGUSTA,GA30909     		  PC FOSTER SPORT OF GOLF 200,000
    LPGA FOUNDATION
    100 INTERNATIONAL GOLF DRIVE
    DAYTONA BEACH,FL32124     		  SO I FOSTER SPORT OF GOLF 100,000
    PAINE COLLEGE-LEE ELDER SCHOLARSHIP FOUNDATION
    1235 15TH ST
    AUGUSTA,GA30901     		  PC FOSTER SPORT OF GOLF 1,200,000
    PGA FOUNDATION (PGA REACH)
    PGA OF AMERICA 100 AVENUE OF THE
    CHAMPIONS
    PALM BEACH GARDENS,FL33418     		  PC FOSTER SPORT OF GOLF 100,000
    PGA TOUR CHARITIES
    100 PGA TOUR BLVD
    PONTE VEDRA BEACH,FL32082     		  PC FOSTER SPORT OF GOLF 100,000
    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 (HOF CEREMONY)
    1 WORLD GOLF PLACE
    ST AUGUSTINE,FL32092     		  PC FOSTER SPORT OF GOLF 150,000
    WORLD GOLF FOUNDATION
    1 WORLD GOLF PLACE
    ST AUGUSTINE,FL32092     		  PC FOSTER SPORT OF GOLF 250,000
    Total .................................bullet 3a 2,318,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 ....          
    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 .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 775,764  
    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 3,711,339 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,711,339
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    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
    2021
    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) (2021)
    Schedule B (Form 990) (2021) 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
    EDWARD D HERLIHY
     
    51 WEST 52ND STREET
     
    NEW YORK, NY10019

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    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
    3
    THEODORE ECKERT FOUNDATION
     
    5423 FARGO AVENUE
     
    SMOKIE, IL600773211

    		$ 11,000


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

    		$ 1,102,147


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    CHADWICK W HARROD
     
    5550 W EXECUTIVE DRIVE SUITE 550
     
    TAMPA, FL336091009

    		$ 50,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    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
    ROBERT MANFRED
     
    303 E 77TH STREET
     
    NEW YORK, NY10075

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
    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
    9
    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
    10
    PHILLIPE P LAFFONT
     
    9 WEST 57TH STREET 25TH FLOOR
     
    NEW YORK, NY10075

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    11
    AUGUSTA NATIONAL WOMEN'S AMATEUR
     
    PO BOX 2444
     
    AUGUSTA, GA30903

    		$ 1,057,448


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    12
    BROAD PINE INVESTMENTS
     
    3348 PEACHTREE RD NE STE 1000
     
    ATLANTA, GA30326

    		$ 10,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    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
    LOU HOLTZ
     
    9209 CORNWELL PARK PL
     
    ORLANDO, FL32827

    		$ 100,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    14
    JOHN TURNER
     
    26 COUNTRY CLUB BLVD
     
    BIRMINGHAM, AL35213

    		$ 102,500


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    15
    LIZANNE THOMAS
     
    980 CASTLE FALLS DRIVE
     
    ATLANTA, GA30329

    		$ 102,980


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    16
    DANIEL DOYLE
     
    3 STONEGATE DRIVE
     
    BELLAIR, FL33756

    		$ 175,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    17
    JONATHAN DOYLE
     
    130 REEF ROAD
     
    PALM BEACH, FL33480

    		$ 100,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    18
    THE SOLICH FUND
     
    100 ST PAUL ST STE 400
     
    DENVER, CO80206

    		$ 150,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    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
    		 5000 SHARES OF REGIONS FINANCIAL CORP STOCK $ 102,500 2021-08-17
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    15
    		 3518 SHARES OF ATLANTIC CAPITAL $ 102,980 2021-11-23
    (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) (2021)
    Schedule B (Form 990) (2021)
    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) (2021)
    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 2021 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
    JAPAN GOLF TOUR ORGANIZATION
          		AKASAKA HABITATION BUILDING 5F
    1-3-5 AKASAKA MINA
    TOKYO    
    JA     		2020-07-24 750,000 TO SUPPORT THE GAME OF AMATEUR GOLF THROUGH THE FOSTERING OF THE GRANTEE'S SPORTS COMPETITIONS. 423,675 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. 750,000 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 9/20/21 & 11/11/22 2022-03-31 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. 750,000 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.
    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. 3,000,000 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 12/15/2021 2021-12-15 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 2021 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 273,085 273,085
    ALPHABET INC 1.998% 15 AUG 2026 77,284 77,284
    ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.75% 23 JAN 2029 457,799 457,799
    APPLE INC 1.65% 11 MAY 2030 517,737 517,737
    AT&T INC 4.3% 15 FEB 2030 82,237 82,237
    BANK OF AMERICA CORP 3.3% 11 JAN 2023 416,111 416,111
    BP CAPITAL MARKETS PLC 2.5% 06 NOV 2022 286,539 286,539
    CAPITAL ONE FINANCIAL CORP 3.2% 30 JAN 2023 92,189 92,189
    CITIGROUP INC 3.75% 16 JUN 2024 95,498 95,498
    COMCAST CORP 3.15% 15 FEB 2028 103,044 103,044
    CONOCOPHILLIPS HOLDING CO 6.95% 15 APR 2029 470,064 470,064
    EMERGING MKTS DEBT FUND (SITEX) 880,440 880,440
    EXXON MOBIL CORP 3.043% 01 MAR 2026 107,959 107,959
    GILEAD SCIENCES INC 3.65% 01 MAR 2026 354,451 354,451
    GOLDMAN SACHS GROUP INC/THE 3.5% 23 JAN 2025 240,336 240,336
    GOLDMAN SACHS GROUP INC/THE 3.625% 22 JAN 2023 87,543 87,543
    HIGH YIELD BOND FUND (SHYAX) 1,641,776 1,641,776
    INTEL CORP 2.7% 15 DEC 2022 184,743 184,743
    INTERNATIONAL BUSINESS MACHINES CORP 3.625% 12 FEB 2024 28,466 28,466
    JOHNSON & JOHNSON 2.45% 01 MAR 2026 221,193 221,193
    JOHNSON & JOHNSON 2.95% 03 MAR 2027 382,499 382,499
    JPMORGAN CHASE & CO 3.125% 23 JAN 2025 54,621 54,621
    MICROSOFT CORP 3.3% 06 FEB 2027 436,978 436,978
    MORGAN STANLEY VARIABLE 3.591% 22 JUL 2028 377,331 377,331
    NORTHROP GRUMMAN CORP 3.25% 15 JAN 2028 450,903 450,903
    PEPSICO INC 2.375% 06 OCT 2026 61,649 61,649
    PROCTER & GAMBLE CO/THE 2.85% 11 AUG 2027 22,483 22,483
    QUALCOMM INC 2.9% 20 MAY 2024 78,159 78,159
    REAL RETURN FUND (SRAAX) 1,854,002 1,854,002
    SHELL INTERNATIONAL FINANCE BV 3.25% 11 MAY 2025 212,940 212,940
    STARBUCKS CORP 3.85% 01 OCT 2023 74,135 74,135
    TOYOTA MOTOR CREDIT CORP MEDIUM TERM NOTE DTD 01/12/2012 3.300% 12 JAN 2022 80,046 80,046
    AMERICAN CAMPUS COMMUNITIES INC 36,322 36,322
    APPLE HOSPITALITY REIT INC 2,584 2,584
    ARCH CAPITAL GROUP LTD 4.55% 15,438 15,438
    BANK OF AMERICA CORP 4.125% 5,184 5,184
    BANK OF AMERICA CORP 4.25% 5,226 5,226
    COUSINS PROPERTIES INC 23,040 23,040
    GILEAD SCIENCES INC 2.95% 01 MAR 2027 37,920 37,920
    GLOBE LIFE INC 4.25% 15 JUN 2061 5,154 5,154
    HOST HOTELS & RESORTS INC 25,598 25,598
    HUDSON PACIFIC PROPERTIES INC 20,089 20,089
    HUDSON PACIFIC PROPERTIES INC 4.75% 5,270 5,270
    HUNTINGTON BANCSHARES INC/OH 4.5% 21,208 21,208
    INVITATION HOMES INC 81,204 81,204
    JBG SMITH PROPERTIES 18,719 18,719
    JPMORGAN CHASE & CO 4.2% 5,180 5,180
    JPMORGAN CHASE & CO 4.55% 10,470 10,470
    JPMORGAN CHASE & CO 4.625% 10,026 10,026
    MASTERCARD INC 1.9% 15 MAR 2031 29,193 29,193
    MEDICAL PROPERTIES TRUST INC 15,501 15,501
    MID-AMERICA APARTMENT COMMUNITIES INC 29,139 29,139
    MORGAN STANLEY 4.25% 10,370 10,370
    NISOURCE INC VARIABLE 6.5% 5,007 5,007
    PUBLIC STORAGE 4% 15,154 15,154
    REGIONS FINANCIAL CORP 4.45% 5,182 5,182
    RENAISSANCERE HOLDINGS LTD 4.2% 5,009 5,009
    TOTALENERGIES CAPITAL INTERNATIONAL SA 3.455% 19 FEB 2029 107,337 107,337
    UNITED STATES TREASURY NOTE/BOND 1.125% 15 FEB 2031 612,392 612,392
    US BANCORP 4% 20,949 20,949
    WALT DISNEY CO/THE 2.65% 13 JAN 2031 474,867 474,867

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    MASTERS TOURNAMENT FOUNDATION INC
    EIN:
    27-4452110
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AFFILIATED MANAGERS GROUP INC 4.75% 30 SEP 2060 5,052 5,052
    AFFILIATED MANAGERS GROUP INC 5.875% 30 MAR 2059 14,629 14,629
    ALABAMA POWER CO 5% 7,364 7,364
    ALGONQUIN POWER & UTILITIES CORP VARIABLE 6.2% 01/07/2079 9,629 9,629
    ALGONQUIN POWER & UTILITIES CORP VARIABLE 6.875% 17 OCT 2078 8,672 8,672
    ALLIANZ SE 10,884 10,884
    ALLSTATE CORP/THE 4.75% 20,395 20,395
    ALLSTATE CORP/THE 5.1% 29,642 29,642
    ALLSTATE CORP/THE 5.625% 18,247 18,247
    ALLSTATE CORP/THE VARIABLE 5.1% 15 JAN 2053 8,240 8,240
    AMERICAN FINANCIAL GROUP INC/OH 5.125% 15 DEC 2059 10,413 10,413
    AMERICAN FINANCIAL GROUP INC/OH 5.625% 01/06/2060 5,282 5,282
    AMERICAN FINANCIAL GROUP INC/OH 5.875% 30 MAR 2059 4,698 4,698
    AMERICAN INTERNATIONAL GROUP INC 5.85% 26,115 26,115
    ARCH CAPITAL GROUP LTD 5.45% 22,788 22,788
    ASE TECHNOLOGY HOLDING CO LTD 14,386 14,386
    ASSOCIATED BANC-CORP 5.625% 10,490 10,490
    ASSOCIATED BANC-CORP 5.875% 4,632 4,632
    AT&T INC 6,593 6,593
    AT&T INC 4.75% 10,346 10,346
    AT&T INC 5% 10,023 10,023
    AT&T INC 5.35% 01/11/2066 50,889 50,889
    AT&T INC 5.625% 01/08/2067 4,728 4,728
    BAE SYSTEMS PLC 15,726 15,726
    BANK OF AMERICA CORP 4.375% 16,601 16,601
    BANK OF AMERICA CORP 5% 29,716 29,716
    BANK OF AMERICA CORP 5.375% 29,100 29,100
    BANK OF AMERICA CORP 5.875% 12,796 12,796
    BCE INC 10,668 10,668
    BNP PARIBAS SA 21,848 21,848
    BRITISH AMERICAN TOBACCO PLC 10,924 10,924
    CAPITAL ONE FINANCIAL CORP 4.8% 20,764 20,764
    CAPITAL ONE FINANCIAL CORP 5% 20,196 20,196
    CIE GENERALE DES ETABLISSEMENTS MICHELIN SCA 10,460 10,460
    CISCO SYSTEMS INC 17,552 17,552
    CITIGROUP INC VARIABLE 6.875% 29,602 29,602
    CITIGROUP INC VARIABLE 7.125% 25,828 25,828
    CITIZENS FINANCIAL GROUP INC 5% 33,167 33,167
    CITIZENS FINANCIAL GROUP INC VARIABLE 6.35% 18,527 18,527
    CMS ENERGY CORP 5.625% 15 MAR 2078 8,907 8,907
    CMS ENERGY CORP 5.875% 01/03/2079 14,607 14,607
    CULLEN/FROST BANKERS INC 4.45% 5,272 5,272
    DIAGEO PLC 4,183 4,183
    DIGITAL REALTY TRUST INC 5.2% 5,035 5,035
    DIGITAL REALTY TRUST INC 5.25% 8,619 8,619
    DIGITAL REALTY TRUST INC 5.85% 4,845 4,845
    DTE ENERGY CO 5.25% 01/12/2077 17,390 17,390
    DUKE ENERGY CORP 12,903 12,903
    DUKE ENERGY CORP 5.625% 15 SEP 2078 4,462 4,462
    DUKE ENERGY CORP 5.75% 15,814 15,814
    ENBRIDGE INC VARIABLE 6.375% 15 APR 2078 27,666 27,666
    ENEL SPA 11,988 11,988
    EQUITABLE HOLDINGS INC 5.25% 10,388 10,388
    FIFTH THIRD BANCORP 4.95% 24,051 24,051
    FIFTH THIRD BANCORP VARIABLE 6.625% 10,078 10,078
    FIRST REPUBLIC BANK/CA 4.125% 9,972 9,972
    FIRST REPUBLIC BANK/CA 4.7% 12,531 12,531
    FIRST REPUBLIC BANK/CA 5.125% 7,407 7,407
    FIRST REPUBLIC BANK/CA 5.5% 4,666 4,666
    GOLDMAN SACHS GROUP INC PREFERRED SERIES D CALLABLE 4,908 4,908
    GOLDMAN SACHS GROUP INC/THE VARIABLE 5.5% 39,516 39,516
    GOLDMAN SACHS GROUP INC/THE VARIABLE 6.375% 20,226 20,226
    HARTFORD FINANCIAL SERVICES GROUP INC/THE 6% 12,033 12,033
    HARTFORD FINL SVCS GRP 7.875% PREFERRED DUE 15 APR 2042 CALLABLE 20,742 20,742
    HEALTHPEAK PROPERTIES INC 32,373 32,373
    IBERDROLA SA 10,906 10,906
    INTEL CORP 11,639 11,639
    JPMORGAN CHASE & CO 24,069 24,069
    JPMORGAN CHASE & CO 4.75% 15,014 15,014
    JPMORGAN CHASE & CO 5.75% 15,187 15,187
    JPMORGAN CHASE & CO 6% 19,402 19,402
    KEYCORP 5.625% 4,845 4,845
    KEYCORP 5.65% 14,492 14,492
    KEYCORP VARIABLE 6.125% 34,957 34,957
    KIMCO REALTY CORP 5.125% 8,556 8,556
    KIMCO REALTY CORP 5.25% 12,018 12,018
    METLIFE INC 4.75% 43,675 43,675
    METLIFE INC 5.625% 8,818 8,818
    MMC NORILSK NICKEL PJSC 11,195 11,195
    MORGAN STANLEY 4.875% 12,458 12,458
    MORGAN STANLEY VARIABLE 5.85% 19,985 19,985
    MORGAN STANLEY VARIABLE 6.875% 12,996 12,996
    MORGAN STANLEY VARIABLE 7.125% 29,668 29,668
    NESTLE SA 17,687 17,687
    NEW YORK COMMUNITY BANCORP INC VARIABLE 6.375% 27,377 27,377
    NEXTERA ENERGY CAPITAL HOLDINGS INC 5.65% 01/03/2079 15,412 15,412
    NEXTERA ENERGY INC 5,602 5,602
    NIPPON TELEGRAPH & TELEPHONE CORP 12,554 12,554
    NORTHERN TRUST CORP 4.7% 10,031 10,031
    NOVARTIS AG 11,196 11,196
    PEOPLE'S UNITED FINANCIAL INC VARIABLE 5.625% 35,314 35,314
    PERSIMMON PLC 14,325 14,325
    PFIZER INC 20,845 20,845
    PNC FINANCIAL SERVICES 6.125% PREFERRED SERIES P CALLABLE 41,776 41,776
    PRUDENTIAL FINANCIAL INC 4.125% 01/09/2060 12,473 12,473
    PRUDENTIAL FINANCIAL INC 5.625% 15 AUG 2058 9,289 9,289
    PS BUSINESS PARKS INC 4.875% 10,256 10,256
    PS BUSINESS PARKS INC 5.2% 8,845 8,845
    PS BUSINESS PARKS INC 5.25% 16,996 16,996
    PUBLIC STORAGE 4.125% 4,751 4,751
    PUBLIC STORAGE 4.625% 8,195 8,195
    PUBLIC STORAGE 4.875% 4,760 4,760
    PUBLIC STORAGE 5.05% 4,362 4,362
    PUBLIC STORAGE 5.15% 4,340 4,340
    PUBLIC STORAGE 5.6% 9,024 9,024
    RAYTHEON TECHNOLOGIES CORP 18,933 18,933
    REGIONS FINANCIAL CORP VARIABLE 5.7% 10,086 10,086
    REGIONS FINANCIAL CORP VARIABLE 6.375% 27,811 27,811
    RENAISSANCERE HOLDINGS LTD 5.75% 16,362 16,362
    ROCHE HOLDING AG 18,143 18,143
    S&P 500 INDEX FUND (SSPIX) 1,164,479 1,164,479
    SANOFI 8,417 8,417
    SIEMENS AG 22,083 22,083
    SMURFIT KAPPA GROUP PLC 18,530 18,530
    SOFTBANK CORP 14,189 14,189
    SONIC HEALTHCARE LTD 18,637 18,637
    SOUTHERN CO/THE 4.2% 15 OCT 2060 5,070 5,070
    SOUTHERN CO/THE 4.95% 30 JAN 2080 10,437 10,437
    SPIRE INC 5.9% 4,843 4,843
    STATE STREET CORP VARIABLE 5.35% 30,241 30,241
    STATE STREET CORP VARIABLE 5.9% 19,581 19,581
    STIFEL FINANCIAL CORP 5.2% 15 OCT 2047 9,050 9,050
    STIFEL FINANCIAL CORP 6.125% 9,794 9,794
    SVB FINANCIAL GROUP 5.25% 12,360 12,360
    SYNOVUS FINANCIAL CORP VARIABLE 5.875% 18,468 18,468
    TOYOTA MOTOR CORP 20,939 20,939
    TRUIST FINANCIAL CORP 4.75% 31,376 31,376
    TRUIST FINANCIAL CORP 5.25% 26,030 26,030
    U.S. MANAGED VOLATILITY FUND (SVOAX) 2,338,516 2,338,516
    UNILEVER PLC 14,362 14,362
    UNITED OVERSEAS BANK LTD 16,260 16,260
    US BANCORP 3.75% 20,486 20,486
    US BANCORP 5.5% 14,798 14,798
    VALE SA 14,525 14,525
    VORNADO REALTY TRUST 5.25% 20,039 20,039
    VOYA FINANCIAL INC VARIABLE 5.35% 16,360 16,360
    W R BERKLEY CORP 5.1% 30 DEC 2059 15,554 15,554
    WALMART INC 5.875% 05 APR 2027 38,684 38,684
    WEBSTER FINANCIAL CORP 5.25% 8,887 8,887
    WELLS FARGO & CO 4.75% 10,318 10,318
    WELLS FARGO & CO 5.625% 12,717 12,717
    WELLS FARGO & CO VARIABLE 5.85% 19,503 19,503
    WELLS FARGO & CO VARIABLE 6.625% 32,907 32,907
    ZURICH INSURANCE GROUP AG 18,700 18,700
    ACADIA REALTY TRUST 20,367 20,367
    AMERICAN HOMES 4 RENT 19,014 19,014
    AMERICAN TOWER CORP 85,702 85,702
    AMERICOLD REALTY TRUST 8,722 8,722
    ASSURANT INC 5.25% 15 JAN 2061 5,043 5,043
    AVALONBAY COMMUNITIES INC 80,071 80,071
    BRANDYWINE REALTY TRUST 4,107 4,107
    BRIXMOR PROPERTY GROUP INC 46,704 46,704
    CHARLES SCHWAB CORP/THE 4.45% 26,267 26,267
    CIE DE SAINT-GOBAIN 21,763 21,763
    CISCO SYSTEMS INC/DELAWARE 3.625% 04 MAR 2024 486,944 486,944
    CMS ENERGY CORP 4.2% 16,125 16,125
    DIGITAL REALTY TRUST INC 55,007 55,007
    DIVERSIFIED HEALTHCARE TRUST 3,433 3,433
    DNB BANK ASA 12,439 12,439
    DTE ENERGY CO 4.375% 01/12/2081 10,704 10,704
    DUKE REALTY CORP 57,435 57,435
    EMPIRE STATE REALTY TRUST INC 6,524 6,524
    EQUINIX INC 133,643 133,643
    EQUITABLE HOLDINGS INC 4.3% 5,227 5,227
    EQUITY RESIDENTIAL 66,154 66,154
    ESSEX PROPERTY TRUST INC 19,373 19,373
    EXTRA SPACE STORAGE INC 28,795 28,795
    FIRST HORIZON CORP 4.7% 5,056 5,056
    FIRST INDUSTRIAL REALTY TRUST INC 17,874 17,874
    GENERAL MOTORS FINANCIAL CO INC 2.35% 08 JAN 2031 64,311 64,311
    INDEPENDENCE REALTY TRUST INC 7,930 7,930
    KILROY REALTY CORP 27,249 27,249
    KITE REALTY GROUP TRUST 12,371 12,371
    LIFE STORAGE INC 51,162 51,162
    OMEGA HEALTHCARE INVESTORS INC 5,948 5,948
    PARK HOTELS & RESORTS INC 12,857 12,857
    PHILLIPS EDISON & CO INC 6,377 6,377
    PROLOGIS INC 169,539 169,539
    PUBLIC STORAGE 87,272 87,272
    REXFORD INDUSTRIAL REALTY INC 43,799 43,799
    RPT REALTY 10,543 10,543
    SABRA HEALTH CARE REIT INC 17,548 17,548
    SBA COMMUNICATIONS CORP 13,616 13,616
    SIMON PROPERTY GROUP INC 55,760 55,760
    SL GREEN RLTY CORP 11,400 11,400
    SUN COMMUNITIES INC 59,212 59,212
    SVENSKA HANDELSBANKEN AB 14,687 14,687
    TESCO PLC 12,533 12,533
    TOTALENERGIES SE 19,388 19,388
    UDR INC 58,490 58,490
    VENTAS INC 57,766 57,766
    VERIS RESIDENTIAL INC 11,653 11,653
    VOLVO AB 9,282 9,282
    WELLTOWER INC 45,801 45,801
    WP CAREY INC 5,826 5,826
    XENIA HOTELS & RESORTS INC 17,023 17,023

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    MASTERS TOURNAMENT FOUNDATION INC
    EIN:
    27-4452110
    US Government Securities - End of Year Book Value:

    4,203,142
    US Government Securities - End of Year Fair Market Value:

    4,203,142
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2021 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 1,972,669 1,972,669
    MULTI-ASSET ACCUMULATION FUND (SAAAX) FMV 975,101 975,101
    MULTI-ASSET CAPITAL STABILITY FUND (SCLAX) FMV 904,836 904,836
    MULTI-ASSET INCOME FUND (SIOAX) FMV 1,027,741 1,027,741

    TY 2021 LegalFeesSchedule
    Name:
    MASTERS TOURNAMENT FOUNDATION INC
    EIN:
    27-4452110
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 5,922 0   5,922


    TY 2021 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 335,544 1,913,979 1,913,979


    TY 2021 OtherDecreasesSchedule
    Name:
    MASTERS TOURNAMENT FOUNDATION INC
    EIN:
    27-4452110
    Description Amount
    UNREALIZED LOSS ON INVESTMENTS 352,323


    TY 2021 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 22,903 0   22,903
    MEALS & ENTERTAINMENT 772,331 0   772,331
    SUPPLIES 117,067 0   117,067
    EVENT EXPENSES 6,941,892 0   6,941,892
    POSTAGE 43,088 0   43,088
    ADVERTISING 156,261 0   156,261
    COMMUNICATIONS 39,605 0   39,605
    UNIFORMS 102,094 0   102,094
    MISC EXPENSES 402,157 0   402,157


    TY 2021 OtherIncomeSchedule2
    Name:
    MASTERS TOURNAMENT FOUNDATION INC
    EIN:
    27-4452110
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    BROADCASTING REVENUE 1,948,274 0 1,948,274


    TY 2021 OtherIncreasesSchedule
    Name:
    MASTERS TOURNAMENT FOUNDATION INC
    EIN:
    27-4452110
    Description Amount
    RETURN OF PRIOR YEAR GRANT 750,000


    TY 2021 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 85,901 85,901   0
    OTHER PROFESSIONAL FEES 917,432 0   917,432


    TY 2021 TaxesSchedule
    Name:
    MASTERS TOURNAMENT FOUNDATION INC
    EIN:
    27-4452110
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL INCOME TAX 10,000 0   0
    MISCELLANEOUS TAXES & LICENSES 415 0   415
    FOREIGN W/H TAXES 9,238 0   0