Albert & Nan Gray Monk Foundation
The Albert & Nan Gray Monk Foundation is a private foundation based in Chapel Hill, North Carolina. In its 2024 filing, it reported 18 grants totaling $109,758 to charitable organizations, with listed recipients in several states.
Albert & Nan Gray Monk Foundation at a glance
In short: Albert & Nan Gray Monk Foundation gave $110K across 18 grants in 2024 (avg $6K), top state North Carolina. 11% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $109,758
- -4.3% vs 2023
- Grants made (2024)
- 18
- -5.3% vs 2023
- Average grant
- $6,098
- +1.0% vs 2023
- Median grant
- $4,500
- Total assets
- $2,039,181
- +0.8% vs 2023
- New grantees (estimate)
- 11% first-time grantees (2 of 18, 2024; small sample)
- Primary geography
- North Carolina (33% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Albert & Nan Gray Monk Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 301 W Barbee Chapel Rd Suite 303, Chapel Hill, NC 27517
Phone: (919) 442-1550
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Albert & Nan Gray Monk Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Ocean Reef Chapel Foundation ($18K). Together the top 10 received $98K.
Grant Size Distribution
86 grants across all recorded years
The most common grant size was under $50K: 86 grants of 86 (100%).
Geographic Focus
Where this funder awards grants
In 2024, grant dollars went to recipients in North Carolina (33%), Georgia (29%), Florida (29%), Virginia (8%), and Indiana (2%).
Grant Distribution by State
Share of 2024 grant dollars across all 18 itemized grants.
Cities
Is Albert & Nan Gray Monk Foundation open to new grantees?
11%
first-time grantees, 2024
In 2024, 2 of 18 grantees (11%) were first-time recipients. With only 18 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. First grants averaged $6K; repeat grants $6K. How we count
Medians: $6K first-time, $5K repeat.
- 89% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−2%). Method
- In 2024 it paid out 92% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $97K (2020) to $123K (2022). In 2024 it made 18 grants totaling $110K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ocean Reef Chapel Foundation Key Largo, FL | General Purpose Support | $18,333 |
| Myers Park Presbyterian Church Charlotte, NC | General Purpose Support | $17,500 |
| High Museum of Art Atlanta, GA | General Purpose Support | $14,500 |
| Charlotte Latin School Charlotte, NC | General Purpose Support | $10,000 |
| Cherokee Garden Club Comm Fund Atlanta, GA | General Purpose Support | $10,000 |
| Woodberry Forest Amici Fund Woodberry Forest, VA | General Purpose Support | $8,500 |
| Linville Foundation Linville, NC | General Purpose Support | $5,000 |
| Ocean Reef Foundation Inc Key Largo, FL | General Purpose Support | $5,000 |
| Northside United Methodist Church Atlanta, GA | General Purpose Support | $4,500 |
| Ocean Reef Cultural Center Foundation Key Largo, FL | General Purpose Support | $4,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,039,181 | $150,508 | $128,580 | $109,758 | 18 | $109,758 | $120,437 | $119,388 |
| 2023 | $2,023,565 | $89,969 | $129,036 | $114,686 | 19 | $114,686 | $54,436 | $110,540 |
| 2022 | $2,052,200 | $137,052 | $135,993 | $122,533 | 16 | $122,533 | $58,899 | $114,086 |
| 2021 | $2,050,236 | $144,259 | $126,618 | $111,675 | 18 | $111,675 | $77,458 | $123,840 |
| 2020 | $2,048,595 | $109,640 | $109,991 | $96,992 | 15 | — | $31,176 | $110,347 |
Under IRS private-foundation payout rules, Albert & Nan Gray Monk Foundation reported a distributable amount of $119K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included general-purpose support for organizations such as churches, cultural organizations, a school, and a garden club. Among the grantees, the Linville Foundation says it supports students pursuing college, graduate, or vocational education through financial aid and scholarships; Ocean Reef Medical Center says it supports its own charitable undertaking and other nonprofit organizations; and HopeWay Foundation says its mission is to broaden the scope of mental health care and education.
Grantmaking
In 2024, the foundation made 18 grants totaling $109,758. Grants ranged from $250 to $18,333, with a median grant of $4,500. Its largest grants included $18,333 to Ocean Reef Chapel Foundation in Key Largo, Florida; $17,500 to Myers Park Presbyterian Church in Charlotte, North Carolina; $14,500 to the High Museum of Art in Atlanta, Georgia; and $10,000 each to Charlotte Latin School in Charlotte and Cherokee Garden Club Community Fund in Atlanta. The foundation also gave $5,000 to the Linville Foundation in Linville, North Carolina, and $500 to HopeWay Foundation in Charlotte.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Albert C. Monk III as president and treasurer and Robert E. Mallernee as assistant secretary.
Albert & Nan Gray Monk Foundation is led by Albert C. Monk III, President & Treasurer on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Albert C. Monk III
President & Treasurer
On filings since 2020
No compensation reported
Robert E. Mallernee
Assistant Secretary
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Albert & Nan Gray Monk Foundation
How much does Albert & Nan Gray Monk Foundation give each year?
Albert & Nan Gray Monk Foundation gave $110K across 18 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $115K across 19 grants.
What is Albert & Nan Gray Monk Foundation's typical grant size?
Albert & Nan Gray Monk Foundation's median grant in 2024 was $4,500, and its average grant was $6,098, across 18 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Albert & Nan Gray Monk Foundation that year got $6K on average.
Where does Albert & Nan Gray Monk Foundation give grants?
Albert & Nan Gray Monk Foundation's top state is North Carolina, with 33% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Georgia (29%) and Florida (29%). The most frequent recipient cities were Key Largo, FL (5 grants), Atlanta, GA (4 grants) and Charlotte, NC (3 grants).
Does Albert & Nan Gray Monk Foundation give general operating support?
Yes: 100% of Albert & Nan Gray Monk Foundation's 2024 grants with a stated purpose (18 of 18) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Albert & Nan Gray Monk Foundation's largest grantees?
Albert & Nan Gray Monk Foundation's largest 2024 grantees include Ocean Reef Chapel Foundation ($18,333), Myers Park Presbyterian Church ($17,500) and High Museum of Art ($14,500), according to its 2024 IRS Form 990-PF. Together they received 46% of its itemized 2024 grant dollars.
How large is Albert & Nan Gray Monk Foundation?
Albert & Nan Gray Monk Foundation reported $2.0M in total assets on its 2024 IRS Form 990-PF. It paid out $110K in qualifying distributions that year, against a required minimum of $119K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Albert & Nan Gray Monk Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants included general-purpose support for organizations such as churches, cultural organizations, a school, and a garden club. See mission & focus areas ↑
How do I apply for a grant from Albert & Nan Gray Monk Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Albert & Nan Gray Monk Foundation's EIN?
Albert & Nan Gray Monk Foundation's EIN (Employer Identification Number) is 56-6473877. IRS Form 990 filing data is available on this page for 2020–2024.
Does Albert & Nan Gray Monk Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Albert & Nan Gray Monk Foundation funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/albert-and-nan-gray-monk-foundation-morg_8d7da801c2284aa780beade9bbe1364d
BibTeX
@misc{grantable_566473877_2026,
author = {{Grantable}},
title = {{Albert \& Nan Gray Monk Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/albert-and-nan-gray-monk-foundation-morg_8d7da801c2284aa780beade9bbe1364d},
note = {Accessed 2026-10-14. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Albert & Nan Gray Monk Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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