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John & Dorothy F Masternick Foundation is a private trust based in GIRARD, OH. The foundation received its IRS ruling in 2000. It holds total assets of $4.8M. Annual income is reported at $443K. Total assets have grown from $262K in 2011 to $4.8M in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Ohio and Pennsylvania. According to available records, John & Dorothy F Masternick Foundation has made 24 grants totaling $619K, with a median grant of $14K. Annual giving has decreased from $220K in 2020 to $175K in 2022. Grantmaking activity was highest in 2021 with $224K distributed across 9 grants. Individual grants have ranged from $773 to $173K, with an average award of $26K. The foundation has supported 14 unique organizations. Grants have been distributed to organizations in Ohio and New York and Pennsylvania. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$13K
Average Grant
$19K
Largest Grant
$55K
Based on 9 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
John & Dorothy F Masternick Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 24 grants. Its grantmaking reaches organizations primarily in OH, NY, PA.
John & Dorothy F Masternick Foundation has distributed a total of $619K across 24 grants. The median grant size is $14K, with an average of $26K. Individual grants have ranged from $773 to $173K.
John & Dorothy F Masternick Foundation typically selects its grantees rather than accepting unsolicited proposals.
John & Dorothy F Masternick Foundation is headquartered in GIRARD, OH. While based in OH, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John J Masternick | TRUSTEE | $0 | $0 | N/A |
| Theresa Grimes | TRUSTEE | $0 | $0 | N/A |
Total Giving
$239K
Total Assets
$4.8M
Fair Market Value
$4.8M
Net Worth
$4.8M
Grants Paid
$225K
Contributions
$200
Net Investment Income
$214K
Distribution Amount
$225K
Total: $2M
Total Grants
24
Total Giving
$619K
Average Grant
$26K
Median Grant
$14K
Unique Recipients
14
Most Common Grant
$20K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Youngstown State UniversityEDUCATION & SCHOLARSHIP PROGRAMS | Youngstown, OH | $55K | 2022 |
| Mercy HealthEDUCATION & ADVANCEMENT OF MEDICAL TEACHING FACILITIES | Boardman, OH | $50K | 2022 |
| Beatitude HouseURSULINE SCHOLARS PROGRAM | Youngstown, OH | $22K | 2022 |
| Kent State UniversityEDUCATION & ADVANCEMENT OF MEDICAL TEACHING FACILITIES | Kent, OH | $20K | 2022 |
| Girard SchoolsEDUCATION & SCHOLARSHIP PROGRAMS | Girard, OH | $13K | 2022 |
| Columbiana City Career & Tech CenterEDUCATION & SCHOLARSHIP PROGRAMS | Lisbon, OH | $5K | 2022 |
| Trumbull County Career & Tech CenterEDUCATION & SCHOLARSHIP PROGRAMS | Warren, OH | $5K | 2022 |
| Clarion UniversityEDUCATION | Clarion, PA | $3K | 2022 |
| Grove City CollegeEDUCATION & SCHOLARSHIP PROGRAMS | Grove City, PA | $3K | 2022 |
| Rochester Institute Of TechnologyEDUCATION | Rochester, NY | $20K | 2021 |
| Auburn Career CenterEDUCATION | Concord, OH | $2K | 2021 |
| Mercy College Of OhioEDUCATION | Toledo, OH | $3K | 2020 |
| Kent State University At SalemEDUCATION | Salem, OH | $2K | 2020 |
| Eastern Gateway Community CollegeEDUCATION | Youngstown, OH | $773 | 2020 |
CLEVELAND, OH
CINCINNATI, OH
DUBLIN, OH