Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
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) 667-6000
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$18,314,880J 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) 15,686,077
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,941,525 1,941,525  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 6,404,099
b Gross sales price for all assets on line 6a 56,720,790
7 Capital gain net income (from Part IV, line 2)... 6,404,099
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
List of Attached Documents:
// Content
10,575,311 1,712,811 10,575,311
12 Total. Add lines 1 through 11........ 34,607,012 10,058,435 10,575,311
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
15,011 0 15,011 0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,044,534 193,567 850,967 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
120,819 10,454 10,819 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 3,660,460 0 3,660,460 0
22 Printing and publications.......... 33,880 0 33,880 0
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
12,078,146 1,702,357 6,004,176 6,073,970
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 16,952,850 1,906,378 10,575,313 6,073,970
25 Contributions, gifts, grants paid....... 63,692,503 1,673,000
26 Total expenses and disbursements. Add lines 24 and 25 80,645,353 1,906,378 10,575,313 7,746,970
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -46,038,341
b Net investment income (if negative, enter -0-) 8,152,057
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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......... 33,964,484 15,496,467 15,496,467
3 Accounts receivable right arrow486,674
Less: allowance for doubtful accounts right arrow   8,785,033 486,674 486,674
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use.............. 334,912 170,569 170,569
9 Prepaid expenses and deferred charges.......... 143,363 12,603 12,603
10a Investments—U.S. and state government obligations (attach schedule) 3,195,951 0 0
b Investments—corporate stock (attach schedule)....... 15,323,052 0 0
c Investments—corporate bonds (attach schedule)....... 13,136,586 0 0
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,169,532 0 0
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
2,697,177 		Click to see attachment
List of Attached Documents:
// Content
2,148,567 		Click to see attachment
List of Attached Documents:
// Content
2,148,567
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 81,750,090 18,314,880 18,314,880
Liabilities 17 Accounts payable and accrued expenses.......... 3,537,645 1,363,671
18 Grants payable.................    
19 Deferred revenue................. 15,549,910 5,295,939
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 19,087,555 6,659,610
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 50,899,887 1,002,247
25 Net assets with donor restrictions............ 11,762,648 10,653,023
Foundations that do not follow FASB ASC 958, check here right arrow
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)..... 62,662,535 11,655,270
30 Total liabilities and net assets/fund balances (see instructions). 81,750,090 18,314,880
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
62,662,535
2
Enter amount from Part I, line 27a .....................
2
-46,038,341
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
16,624,194
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
4,968,924
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
11,655,270
Form 990-PF (2024)
Form 990-PF (2024)
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 44,739,925   38,842,237 5,897,688
b 11,699,691   11,474,454 225,237
c 281,174     281,174
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       5,897,688
b       225,237
c       281,174
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 6,404,099
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
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 right arrow 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) 1 113,314
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........................... 3 113,314
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- ..... 5 113,314
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 107,467
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 11,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 118,467
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 62
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 5,091
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow5,091 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowGA
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 2024 or the taxable year beginning in 2024? 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. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
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 Click to see attachment
List of Attached Documents:
// Content
.............
11
Yes
 
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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowKELLY FLANAGAN Telephone no.right arrow (706) 667-6000

Located atright arrowPO BOX 2444AUGUSTAGA ZIP+4right arrow30903
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, 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 right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
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)
Yes
 
(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
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
List of Attached Documents:
// Content
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
THOMAS C NELSON DIRECTOR
1.00 		0 0 0
PO BOX 2444
AUGUSTA,GA30903
KESSEL D STELLING JR 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...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
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
BLACKHAWK NETWORK INC MERCHANT SERVICES 626,263
6220 STONERIDGE MALL ROAD
PLEASANTON,CA94588
BROADCAST SERVICES INTERNATIONAL MEDIA 613,425
5311 JOHN LUCAS DRIVE UNIT 1
BURLINGTON,ONTARIOL7L6A8
CA
ADVERTISING-3 LLC MEDIA 529,650
1550 MERCANTILE AVE NE 2ND FLOOR
ALBUQUERQUE,NM87107
AUGUSTA MARRIOT HOSPITALITY 437,190
2 TENTH STREET
AUGUSTA,GA30901
AHEAD USA APPAREL 297,034
270 SAMUEL BARNET BLVD
NEW BEFORD,MA02745
Total number of others receiving over $50,000 for professional services.............right arrow24
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 "APAC"THE MASTERS TOURNAMENT FOUNDATION, INC. "MTF" JOINTLY FUNDS AND OVERSEES THE MANAGEMENT OF THE APAC, AN AMATEAUR GOLF EVENT AIMED AT STIMULATING GROWTH AND INSPIRING GREATER INTEREST IN THE GAME THROUGHOUT THE ASIA- PACIFIC REGION. MTF PROVIDES FUNDS FOR TRAVEL EXPENDITURES, ENTRY FEES, AND OTHER COSTS ASSOCIATED WITH PARTICIPATION IN THE TOURNAMENT FOR AMATEUR GOLFERS. 6,808,890
2 DRIVE, CHIP, AND PUTT CHAMPIONSHIP "DCP"THE MTF JOINTLY FUNDS AND OVERSEES THE MANAGEMENT OF THE DCP, WHICH GIVES BOYS AND GIRLS AN OPPORTUNITY TO TEST THEIR SKILLS IN A FREE NATIONWIDE JUNIOR GOLF DEVELOPMENT COMPETITION AIMED AT GROWING THE GAME OF GOLF. MTF PROVIDES FUNDS FOR TRAVEL EXPENDITURES, ENTRY FEES, AND OTHER COSTS ASSOCIATED WITH PARTICIPATION IN THE TOURNAMENT FOR AMATEUR GOLFERS. 2,977,762
3 LATIN AMERICAN AMATEUR CHAMPIONSHIP "LAAC"THE MTF JOINTLY FUNDS AND OVERSEES THE MANGEMENT OF THE LAAC, AN AMATEUR GOLF EVENT AIMED AT STIMULATING GROWTH AND INSPIRING GREATER INTEREST IN THE GAME THROUGHOUT SOUTH AMERICA, CENTRAL AMERICA, MEXICO, AND THE CARIBBEAN. MTF PROVIDES FUNDS FOR TRAVEL EXPENDITURES, ENTRY FEES, AND OTHER COSTS ASSOCIATED WITH PARTICIPATION IN THE TOURNAMENT FOR AMATEUR GOLFERS. 5,004,187
4  
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.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
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
35,982,701
b
Average of monthly cash balances.......................
1b
26,984,019
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
62,966,720
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
62,966,720
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
944,501
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
62,022,219
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,101,111
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
3,101,111
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
113,314
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
113,314
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,987,797
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,987,797
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
2,987,797
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
7,746,970
b
Program-related investments—total from Part VIII-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 XII, line 4. .......
4
7,746,970
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 2,987,797
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 18,217,113
b From 2020...... 15,019,366
c From 2021...... 11,609,685
d From 2022...... 16,086,540
e From 2023......  
f Total of lines 3a through e ........ 60,932,704
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 7,746,970
a Applied to 2023, 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 2024 distributable amount..... 2,987,797
e Remaining amount distributed out of corpus 4,759,173
5 Excess distributions carryover applied to 2024. 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 65,691,877
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		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 2019 not
applied on line 5 or line 7 (see instructions) ... 		18,217,113
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		47,474,764
10 Analysis of line 9:
a Excess from 2020.... 15,019,366
b Excess from 2021.... 11,609,685
c Excess from 2022.... 16,086,540
d Excess from 2023....  
e Excess from 2024.... 4,759,173
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 (2024)
Form 990-PF (2024)
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 		NONE PC FOSTER SPORT OF GOLF 108,000

FIRST TEE OF AUGUSTA

3165 DAMASCUS ROAD
AUGUSTA,GA30909 		NONE PC FOSTER SPORT OF GOLF 400,000

MASTERS TOURNAMENT CHARITIES INC

2604 WASHINGTON ROAD
AUGUSTA,GA30903 		RELATED PARTY PC COMMUNITY SUPPORT, ENRICHMENT, AND FOSTER SPORT OF GOLF 62,019,503

MASTERS TOURNAMENT CHARITIES INC

2604 WASHINGTON ROAD
AUGUSTA,GA30903 		RELATED PARTY PC DISTRIBUTION OUT OF CORPUS -62,019,503

NATIONAL GOLF FOUNDATION

501 N HIGHWAY A1A
JUPITER,FL33477 		NONE PC FOSTER SPORT OF GOLF 25,000

PGA FOUNDATION INC

112 PGA TOUR BOULEVARD
PONTE VEDRA BEACH,FL32082 		NONE PC FOSTER SPORT OF GOLF 200,000

PGA TOUR FIRST TEE FOUNDATION INC

1300 SAWGRASS VILLAGE CIRCLE BLDG 4
PONTE VEDRA BEACH,FL32082 		NONE PC FOSTER SPORT OF GOLF 500,000

THE ENVIRONMENTAL INSTITUTE FOR GOLF

1421 RESEARCH PARK DRIVE
LAWRENCE,KS66049 		NONE PC FOSTER SPORT OF GOLF 15,000

THE GEORGIA GOLF & ENVIRONMENTAL FOUNDATION INC

161 EAST HOWELL STREET
HARTWELL,GA30643 		NONE PC FOSTER SPORT OF GOLF 25,000

THE LPGA FOUNDATION

100 INTERNATIONAL GOLF DRIVE
DAYTONA BEACH,FL32124 		NONE PC FOSTER SPORT OF GOLF 200,000

USGA

PO BOX 870
LIBERTY CORNER,NJ07938 		NONE PC FOSTER SPORT OF GOLF 200,000
Total .................................right arrow 3a 1,673,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
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 ....     14 1,941,525  
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 6,404,099  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aBROADCASTING REVENUE 		    15 1,712,811  
bTOURNAMENT REVENUE     42   8,862,500
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 10,058,435 8,862,500
13Total. Add line 12, columns (b), (d), and (e)..................
13
18,920,935
(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.)
11B SEE PART VIII-A AND STATEMENTS 16-19 FOR A DESCRIPTION OF THE FOUNDATION'S DIRECT CHARITABLE ACTIVITIES.
Form 990-PF (2024)
Form 990-PF (2024)
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
MASTERS TOURNAMENT CHARITIES INC 501(C)(3) MASTERS TOURNAMENT FOUNDATION, INC. IS THE SOLE MEMBER OF MASTERS TOURNAMENT CHARITIES, INC.
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
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
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
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
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
ADEBAYO O
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
ALEX R
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
ALEX T
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 50,000


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

$ 7,500


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

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
ANEEL B
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 15,353


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
AQUAVELLA FAMILY FOUNDATION
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
8
ARTURO G
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 20,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
9
AUGUSTA NATIONAL INC
 
2604 WASHINGTON ROAD
 
AUGUSTA, GA30904

$ 7,000,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
10
AUSTIN S
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


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

$ 51,198


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
12
BEARD PAYNE FAMILY FOUNDATION
 
3288 NORTHSIDE DRIVE NW
 
ATLANTA, GA303051900

$ 50,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
BELL FAMILY FOUNDATION
 
40 VALLEY ROAD
 
ATLANTA, GA303051116

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
14
BRETT B
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
15
BRUCE G
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 12,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
16
CBS
 
51 W 52ND ST STE 1
 
NEW YORK, NY10019

$ 100,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
17
CHADWICK H
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
18
CHARLES C
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
19
CHARLES I
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
20
CHARLES M
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
21
CHARLES R
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
22
CHARLES Y
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 15,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
23
CHARLOTTA S
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
24
CHRISTOPHER G
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
25
CHRISTOPHER Q
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 39,960


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
26
CHRISTOPHER R
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
27
CHUCK R
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
28
CLARK P
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
29
CLAUDE N
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
30
CLIFTON I
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 15,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
31
CRAIG H
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
32
DANIEL B
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
33
DANIEL D
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
34
DANIEL R
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 100,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
35
DARREN D
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
36
DAVID D
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 50,886


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
37
DAVID G
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 20,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
38
DAVID G
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
39
DAVID K
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
40
DAVID K
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
41
DAVID O
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 200,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
42
DAVID S
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 21,552


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
43
DIANA M
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 30,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
44
DOUGLAS W
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
45
DOUGLAS W
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
46
DOVE FAMILY FOUNDATION
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
47
EDWARD B
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
48
EDWARD B
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
49
EDWARD H
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
50
EDWARD Z
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
51
EGON D
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
52
ELIZABETH R
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 50,895


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
53
ERIC K
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
54
FERNANDEZ FAMILY FOUNDATION
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 20,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
55
FRANK E
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
56
GARY H
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 50,193


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
57
GARY K
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
58
GEOFFREY AND AMY YANG FOUNDATION
 
3000 SAND HILL ROAD BUILDING 2 SUIT
 
MENLO PARK, CA94025

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
59
GEORGE D
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
60
GEORGE D
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
61
GEORGE J
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
62
GEORGE R
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 150,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
63
GEORGE S
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
64
GEORGE T
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
65
GREG P
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
66
GREGORY P
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 100,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
67
HARRIS M
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
68
HEIDI U
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 20,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
69
HERBERT A
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
70
HOWARD H
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 20,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
71
IAN R
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 49,836


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
72
IAN W
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
73
J HALEY R
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
74
JAMES A
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 20,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
75
JAMES D
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
76
JAMES D
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 100,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
77
JAMES G
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
78
JAMES K
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 49,984


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
79
JAMES R
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
80
JAMES R
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
81
JAMES SOWELL FOUNDATION
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
82
JIM J
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,120


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
83
JOE F
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
84
JOHN D
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
85
JOHN H
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 15,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
86
JOHN K
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
87
JOHN M
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
88
JOHN M
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 15,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
89
JOHN S
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 30,032


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
90
JOHN T
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
91
JOHN W
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
92
JOHN-KELLY W
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,437


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
93
JONATHAN D
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 75,197


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
94
JUDE R
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
95
KELLY F
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
96
KENNETH C
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 30,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
97
KESSEL S
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
98
KEVIN W
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
99
L KNIGHT
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
100
LEONARD G
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
101
LIFT A LIFE FOUNDATION DBA NOVAK FAMILY FOUNDATION
 
13006 OSAGE ROAD
 
ANCHORAGE, KY40223

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
102
LOUIS G
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 50,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
103
LYNN S
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
104
MARK C
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
105
MARK P
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
106
MARK P
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 15,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
107
MARY B
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 60,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
108
MATTHEW R
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
109
MCCOLL BROTHERS LOCKWOOD LLS
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 15,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
110
MICHAEL A
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 100,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
111
MICHAEL B
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
112
MICHAEL C
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 30,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
113
MICHAEL D
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
114
MICHAEL M
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,519


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
115
MICHAEL P
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 100,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
116
MICHAEL T
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
117
MILES W
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
118
MORGAN STANLEY SMITH BARNEY LLC ACTING AS AGENT FOR DONOR
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 9,938


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
119
MORGAN STANLEY SMITH BARNEY LLC ACTING AS AGENT FOR DONOR
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 251,047


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
120
MORI H
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 502,756


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
121
MR ROWLING AND THE ROWLING FOUNDATION
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
122
MULALLY FAMILY TRUST
 
7804 79TH AVENUE SE
 
MERCER ISLAND, WA98040

$ 30,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
123
NAT T
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 100,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
124
NATIONAL FINANCIAL SERVICES LLC ACTING AS AGENT FOR DONOR
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 15,135


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
125
NELSON M
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 15,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
126
NELSON M
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
127
OCEAN AVENUE MANAGEMENT
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
128
PARTICK H
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
129
PATRICK D
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
130
PAUL H
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 20,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
131
PAUL S
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
132
PEMA FOUNDATION
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
133
PETER F
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
134
PETER W
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
135
PETER Z
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
136
PHILIP P
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
137
PHILIPPE L
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
138
PHILLIPE L
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
139
PIERRE B
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
140
RACKLEY FAMILY FOUNDATION
 
878 W CONWAY DRIVE NW
 
ATLANTA, GA30327

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
141
RANDALL S
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
142
RELIANCE TRUST ACTING AS AGENT FOR DONOR
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,019


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
143
RICHARD P
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 76,632


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
144
RIVER ROAD FOUNDATION
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
145
ROBERT J
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
146
ROBERT L
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
147
ROBERT M
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
148
ROBERT W
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
149
ROGER G
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
150
ROSE FAMILY TRUST
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
151
RUSSELL L
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 20,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
152
SAMUEL A
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 19,899


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
153
SCOTT W
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 31,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
154
SEAN M
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 24,513


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
155
SHANTANU N
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
156
SIEBERT WILLIAMS SHANK FOUNDATION
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
157
SPARTAN CHEMICAL COMPANY
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
158
STAN O
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
159
STANLEY D
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 100,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
160
STEPHEN B
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 100,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
161
STEPHEN H
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 137,640


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
162
STEVEN S
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
163
STUART J
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 7,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
164
TAYLOR G
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 49,394


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
165
THE BEALL FAMILY FOUNDATION
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
166
THE NORCLIFFE FOUNDATION
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
167
THE THOMAS O AND CINDA HICKS FOUNDATION
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
168
THE WILLIAM & ANNE HARRISON FOUNDATION
 
74 VINEYARD LANE
 
GREENWICH, CT06831

$ 5,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
169
THOMAS F
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
170
THOMAS H
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 26,589


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
171
THOMAS N
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
172
THOMAS O
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
173
THOMAS R
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 50,602


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
174
THOMAS W
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
175
TOBY S WILT FAMILY FOUNDATION
 
PO BOX 50879
 
NASHVILLE, TN372050879

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
176
TRACY & GREG JOHNSON FOUNDATION
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
177
UBS FINANCIAL SERVICES ACTING AS AGENT FOR DONOR
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 131,033


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
178
VIRGINIA R
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
179
WACHTELL LIPTON ROSEN & KATZ OBO
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 100,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
180
WARREN S
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 100,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
181
WAYNE I
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
182
WILL J
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
183
WILLIAM G
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
184
WILLIAM G
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 20,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
185
WILLIAM H
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
186
WILLIAM H
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 18,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
MASTERS TOURNAMENT FOUNDATION INC
  		Employer identification number
27-4452110
Part I
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
187
WILLIAM R
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 100,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
188
WILLIAM V
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
189
WILLIAM W
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
190
WILLIAM Y
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 20,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
191
WILLIAMS M
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
192
WOLFGANG R
 
PO BOX 2444
 
AUGUSTA, GA30903

$ 10,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
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
6
 STOCK TRANSFER $ 15,353 2024-10-09
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
11
 STOCK TRANSFER $ 51,198 2024-10-03
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
25
 STOCK TRANSFER $ 39,960 2024-10-08
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
36
 STOCK TRANSFER $ 50,886 2024-10-15
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
42
 STOCK TRANSFER $ 21,552 2024-10-18
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
52
 STOCK TRANSFER $ 50,895 2024-10-17
Schedule B (Form 990) (Rev. 1-2025)
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
56
 STOCK TRANSFER $ 50,193 2024-10-18
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
71
 STOCK TRANSFER $ 49,836 2024-10-03
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
78
 STOCK TRANSFER $ 49,984 2024-10-02
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
82
 STOCK TRANSFER $ 10,120 2024-10-10
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
89
 $15,032 WAS TRANSFER OF STOCK $ 15,032 2024-10-09
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
92
 STOCK TRANSFER $ 10,437 2024-10-10
Schedule B (Form 990) (Rev. 1-2025)
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
93
 $50,197 WAS TRANSFER OF STOCK $ 75,197 2024-10-09
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
114
 STOCK TRANSFER $ 25,519 2024-10-09
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
118
 37 SHARES OF AMEX $ 9,938 2024-10-04
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
119
 430 SHARES OF META $ 251,047 2024-10-15
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
120
 STOCK TRANSFER $ 502,756 2024-10-03
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
124
 157 SHARES OF NORTHERN TRUST CORP $ 15,135 2024-10-21
Schedule B (Form 990) (Rev. 1-2025)
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
142
 213 SHARES OF GLOBAL PAYMENTS INC. $ 25,019 2024-11-27
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
143
 STOCK TRANSFER $ 76,632 2024-10-08
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
152
 STOCK TRANSFER $ 19,899 2024-10-15
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
161
 STOCK TRANSFER $ 137,640 2024-10-25
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
164
 STOCK TRANSFER $ 49,394 2024-10-02
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
170
 STOCK TRANSFER $ 26,589 2024-10-07
Schedule B (Form 990) (Rev. 1-2025)
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
173
 STOCK TRANSFER $ 50,602 2024-10-21
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
177
 750 SHARES OF APOLLO GLOBAL MANAGEMENT $ 131,033 2024-12-11
(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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
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.) $  
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) (Rev. 1-2025)
Additional Data


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TY 2024 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
MASTERS TOURNAMENT CHARITIES INC
  		PO BOX 2444
AUGUSTA,GA30903 		2024-01-19 62,019,503 COMMUNITY SUPPORT, ENRICHMENT, AND FOSTER SPORT OF GOLF 62,019,503 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.   2024-12-31 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 GRANTEE IS A RELATED PARTY TO THE GRANTOR, THUS, 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 MINA
TOKYO    
JA 		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. 07/02/2021,09/04/2023, 08/13/2024 2024-08-13 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 2024 GeneralExplanationAttachment
Name:
MASTERS TOURNAMENT FOUNDATION INC
EIN:
27-4452110
Identifier Return Reference Explanation
SCHEDULE OF CONTROLLED ENTITIES FORM 990 PF PAGE 5, PART VI- A, LINE 11 SCHEDULE OF CONTROLLED ENTITIES 1) DCP CHAMPIONSHIP, LLC (27-4452110)ADDRESS: P.O. BOX 2444 AUGUSTA, GA 30903IS NOT AN EXCESS BUSINESS HOLDING.2) LATIN AMERICA AMATEUR CHAMPIONSHIP, LLC (27-4452110)ADDRESS: P.O. BOX 2444 AUGUSTA, GA 30903IS NOT AN EXCESS BUSINESS HOLDING.3) ASIA- PACIFIC AMATEUR CHAMPIONSHIP, LLC (27-4452110)ADDRESS: P.O. BOX 2444 AUGUSTA, GA 30903IS NOT AN EXCESS BUSINESS HOLDING.4) AUGUSTA NATIONAL WOMEN'S AMATEUR, LLC (27-4452110)ADDRESS: P.O. BOX 2444 AUGUSTA, GA 30903DESCRIPTION OF TRANSFER: ON JANUARY 19, 2024 MTF GRANTED ITS MEMBERSHIP INTEREST IN ANWA TO MASTERSTOURNAMENT CHARITIES, INC.AMOUNT OF TRANSFER: 9,837,432 IS NOT AN EXCESS BUSINESS HOLDING.

TY 2024 LegalFeesSchedule
Name:
MASTERS TOURNAMENT FOUNDATION INC
EIN:
27-4452110
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 15,011 0 15,011 0


TY 2024 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 2,697,177 2,148,567 2,148,567


TY 2024 OtherDecreasesSchedule
Name:
MASTERS TOURNAMENT FOUNDATION INC
EIN:
27-4452110
Description Amount
UNREALIZED LOSS ON INVESTMENTS 4,968,924


TY 2024 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 9,422 0 9,422 0
MEALS & ENTERTAINMENT 508,154 0 508,154 0
SUPPLIES 137,286 0 137,286 0
TV PRODUCTION EXPENSES 5,475 0 5,475 0
BROADCASTING EXPENSES 4,152,736 1,702,357 4,152,736 0
EVENT EXPENSES 6,529,589 0 455,619 6,073,970
POSTAGE 72,407 0 72,407 0
ADVERTISING 316,798 0 316,798 0
COMMUNICATIONS 46,617 0 46,617 0
UNIFORMS 112,400 0 112,400 0
MISC EXPENSES 187,262 0 187,262 0


TY 2024 OtherIncomeSchedule2
Name:
MASTERS TOURNAMENT FOUNDATION INC
EIN:
27-4452110
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
BROADCASTING REVENUE 1,712,811 1,712,811 0
TOURNAMENT REVENUE 8,862,500   8,862,500


TY 2024 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 193,567 193,567 0 0
OTHER PROFESSIONAL FEES 850,967 0 850,967 0


TY 2024 SubstantialContributorsSch
Name:
MASTERS TOURNAMENT FOUNDATION INC
EIN:
27-4452110
Name Address
AUGUSTA NATIONAL INC
  		2604 WASHINGTON ROAD
AUGUSTA,GA30904


TY 2024 TaxesSchedule
Name:
MASTERS TOURNAMENT FOUNDATION INC
EIN:
27-4452110
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL INCOME TAX 110,000 0 0 0
MISCELLANEOUS TAXES & LICENSES 365 0 365 0
FOREIGN W/H TAXES 10,454 10,454 10,454 0


TY 2024 TransfersToControlledEntities
Name:
MASTERS TOURNAMENT FOUNDATION INC
EIN:
27-4452110
Name US /
Foreign Address		 EIN Description Amount
MASTERS TOURNAMENT CHARITIES INC MTC PO BOX 2444
AUGUSTA,GA30903 		99-3712591 ON 1/19/24 MTF GRANTED ITS MEMBERSHIP INTEREST IN AUGUSTA NATIONAL WOMEN'S AMATEUR, LLC TO MTC 4,017,724
MASTERS TOURNAMENT CHARITIES INC MTC PO BOX 2444
AUGUSTA,GA30903 		99-3712591 ON DECEMBER 19, 2024, MTF GRANTED $19,571,162 OF CASH AND $38,430,617 OF INVESTMENTS TO MTC 58,001,779
Total     62,019,503