He received a Bachelor of Arts from Rice University in 1955.
Masterson made contributions to the arts scene in Houston.
[1] Masterson and his wife donated their residence Rienzi to the Museum of Fine Arts, Houston.
[2] From 1958 to 1968 the Mastersons produced multiple Broadway shows, including Bajour.
[1] A large collection of his papers and other documents are kept at Rice University.