Masters Foundation Inc.

Masters Foundation Inc. is not, in practice, an open grantmaker — it is a closed, single-family philanthropic vehicle controlled by Charles Loper Jr. (of Frisco, TX-based Eagle Financial Group) and, per its own web presence, traceable to the Loper Family Foundation the couple established in the early 1990s. The entire matched-grants dataset for this foundation contains exactly two recipients in its most recent reported year (FY2023): $785,000 (99.8% of dollars granted) to The Master Cares Foundation Inc., a public charity co-led by Charles Loper and Carter Morris that runs the Grace Bridge and Master Cares programs in North Texas and Uganda, and $1,700 to Carter Morris Ministries — the personal ministry of that same co-leader. In other words, essentially all of this foundation's giving stays inside its founder's direct circle of affiliated organizations and people. Grant seekers with no prior relationship to Charles Loper, Carter Morris, or the Master Cares/Grace Bridge network should expect near-zero odds of an unsolicited request being funded, regardless of how well their mission aligns with the foundation's stated NTEE classification (T20, Philanthropy & Grantmaking) or 'Community Development' focus tag. There is no dedicated program officer, published RFP, staffed grants department, or online application portal; the foundation's own IRS filing lists 'NO SPECIFIC DEADLINE' and generic application_instructions of '__none__.' The realistic relationship progression here is not LOI-to-proposal-to-site-visit; it is personal introduction to the founder or to Master Cares/Grace Bridge leadership, most plausibly through North Texas faith, humanitarian, or financial-services circles connected to Eagle Financial Group. Organizations doing food assistance, clothing provision, medical/crisis support, refugee or widow services, children's programs, or missionary/chaplaincy work in North Texas or Uganda are the closest fit to what this network has actually funded — but the practical path in is relationship-building with the affiliated public charity, not a cold submission to the private foundation itself.

FY2023 (the latest year with itemized grantee detail) shows grants paid of $786,700 across just two grants: $785,000 to The Master Cares Foundation Inc. and $1,700 to Carter Morris Ministries — an average grant size of $393,350 that is meaningless as a typical-award benchmark given the extreme concentration (one recipient took 99.8% of dollars). There is no diversified program-area or geographic breakdown to analyze beyond this: the foundation's own Form 990 lists only two 'programs,' matching the two grantees exactly. Total assets have grown from $1.9M in FY2011 to $6.02M in FY2024, a roughly 3.2x increase over 13 years, driven substantially by fresh contributions received from the founder (ranging from $308,625 in FY2022 to a peak of $1,294,216 in FY2013) rather than investment growth (net investment income has mostly been under $30,000/year and was $0 in FY2021-2022). Grants paid have fluctuated year to year without a clear upward or downward trend: $732,340 (2011), $946,727 (2012), $953,040 (2013), $621,352 (2014), then — after a data gap — $817,900 (2019), $456,450 (2020), $590,000 (2021), $765,143 (2022), and $786,700 (2023). Officer compensation has been $0 in every reported year, consistent with an unstaffed, founder-run vehicle. Total giving figures reported in some years ($1.89M in FY2023, $1.94M in FY2022) run notably higher than grants paid, suggesting additional program-related or administrative distributions not captured in the itemized grantee list. FY2024 total assets ($6,021,839) and revenue ($2,094,363) are on file, but FY2024 grants-paid detail was not yet available at data pull time. Bottom line for any applicant: there is no evidence in nine years of filings that this foundation has ever funded more than one or two organizations in a given year, or that the recipient roster changes.

All five peers sit within roughly $1,000-$2,000 of Masters Foundation Inc.'s $6.02M asset base and share the same 'Philanthropy & Grantmaking' NTEE classification, and — notably — none of the five has a website on file in this dataset, the same pattern seen for foundations that operate as closed family vehicles rather than public grants programs. That asset-tier and classification match, combined with the near-universal absence of public web presence across the peer set, suggests Masters Foundation Inc. is not an outlier: sub-$10M, family-named 'Philanthropy & Grantmaking' foundations at this scale typically distribute the IRS-required minimum payout to a small, fixed set of insider-connected organizations rather than running a competitive, publicly accessible grants program. Grant seekers should not expect this peer tier to behave like a mid-size community or corporate foundation.

No news, leadership changes, or program announcements specific to Masters Foundation Inc. itself surfaced in web research as of August 2026 — consistent with a foundation that has no communications function or public grants program. The only related, dated activity found is from its primary grantee: The Master Cares Foundation (which received $785,000 from Masters Foundation Inc. in FY2023) has announced a 'Building Hope Gala' for October 2026 in North Texas, featuring two NASA astronauts as guest speakers, to support its Grace Bridge and Master Cares programs serving families in North Texas and Uganda. Foundation contact remains listed as '% Charles Loper Jr' at 4 Savannah Cir, Frisco, TX 75034, matching Charles A. Loper Jr.'s role as chairman of Eagle Financial Group (9300 Wade Blvd #100, Frisco). The foundation's most recent filing on record shows FY2024 total assets of $6,021,839 (up from $6,003,175 in FY2023) and total revenue of $2,094,363, with FY2024 grants-paid detail not yet reported. No new board members, staff, or program lines were identified. Given the foundation's own website field (mastersfoundation.org) currently resolves to an unrelated, Ontario, Canada-based Ukraine humanitarian charity — not this Frisco, TX foundation — grant seekers should treat that URL as unreliable and instead verify any outreach through The Master Cares Foundation's own site (mastercaresfoundation.org) or Eagle Financial Group's public listing.

Do not approach Masters Foundation Inc. with a cold Letter of Inquiry or online application — it has no portal, no published deadline ('NO SPECIFIC DEADLINE' per its own filing), no program officer, and a nine-year grant history limited to one or two recipients per year, both connected to founder Charles Loper Jr. The single highest-leverage move is building a genuine relationship with The Master Cares Foundation (Grace Bridge / Master Cares programs) or with Carter Morris Ministries directly, since those are the only two organizations this foundation has funded in its most recent reported year — funding this private foundation almost certainly flows through personal introduction to Charles Loper or Carter Morris, not competitive review. If your mission overlaps with Master Cares' four program pillars — Hope for Children (camps, education, orphan care), Rebuilding Lives (food, clothing, medical care, family-crisis support), Empowering Communities (aid for widows, refugees, neighborhoods), or Partnering for Impact (donor/volunteer collaboration) — lead with that alignment language, and anchor your geography to North Texas (Frisco/Celina/Dallas metro) or Uganda, the only two service areas evidenced in the data. If you do send materials to the private foundation itself, its own on-file application_restrictions specify exactly what a packet must contain: (1) legal organization name, address, contact name, phone, fax, and email; (2) background and history of the organization; (3) a listing of officers and board of directors; (4) audited financial statements; (5) legal form and tax-exemption status (attach your 501(c)(3) determination letter); and (6) a detailed narrative on the intended use of requested funds. Send it by mail or email to the Frisco, TX address/contact on file — there is no digital submission form. The most common mistake would be assuming the 'Community Development' focus tag or 'Philanthropy & Grantmaking' NTEE code signals an open community-grants program; the actual grant history flatly contradicts that. Realistic timing: there is no grant cycle or board-meeting cadence disclosed, so plan for a slow, informal, relationship-driven timeline measured in months, not a fixed annual deadline.