Albert & Nan Gray Monk Foundation
Albert & Nan Gray Monk Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHAPEL HILL, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 18 grants totaling $110K. Net investment income was $120K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0M
+0.8% YoY
Annual Giving
$110K
-4.3% YoY
Grant Count
18
-5.3% YoY
Avg Grant Size
$6K
+1.0% YoY
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.
About Albert & Nan Gray Monk Foundation
Based on IRS filings
Albert & Nan Gray Monk Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHAPEL HILL, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 18 grants totaling $110K. Net investment income was $120K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,039,181 | $2,023,565 | $2,052,200 |
| Revenue | $150,508 | $89,969 | $137,052 |
| Expenses | $128,580 | $129,036 | $135,993 |
| Qualifying Distributions | $109,758 | $114,686 | $122,533 |
| Net Investment Income | $120,437 | $54,436 | $58,899 |
| Distributable Amount | $119,388 | $110,540 | $114,086 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
86 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ocean Reef Chapel Foundation ($18,333), Myers Park Presbyterian Church ($17,500), High Museum of Art ($14,500).
| Recipient | Purpose | Amount |
|---|---|---|
| BAPTIST HEALTH SOUTH FLORIDA CORAL GABLES, FL | GENERAL PURPOSE SUPPORT | $250 |
| CARTERET HEALTH CARE FOUNDATION INC MOREHEAD CITY, NC | GENERAL PURPOSE SUPPORT | $2,275 |
| CHARLOTTE LATIN SCHOOL CHARLOTTE, NC | GENERAL PURPOSE SUPPORT | $10,000 |
| CHEROKEE GARDEN CLUB COMM FUND ATLANTA, GA | GENERAL PURPOSE SUPPORT | $10,000 |
| CHEROKEE GARDEN LIBRARY ATLANTA, GA | GENERAL PURPOSE SUPPORT | $2,500 |
| HIGH MUSEUM OF ART ATLANTA, GA | GENERAL PURPOSE SUPPORT | $14,500 |
| HOPEWAY FOUNDATION CHARLOTTE, NC | GENERAL PURPOSE SUPPORT | $500 |
| LINVILLE FOUNDATION LINVILLE, NC | GENERAL PURPOSE SUPPORT | $5,000 |
| MYERS PARK PRESBYTERIAN CHURCH CHARLOTTE, NC | GENERAL PURPOSE SUPPORT | $17,500 |
| NORTHSIDE UNITED METHODIST CHURCH ATLANTA, GA | GENERAL PURPOSE SUPPORT | $4,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ALBERT C MONK III | PRESIDENT & TREASURER | — | — |
| ROBERT E MALLERNEE | ASSISTANT SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Albert & Nan Gray Monk Foundation?
Albert & Nan Gray Monk Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHAPEL HILL, NC. It holds $2.0M in total assets as of 2024.
How large is Albert & Nan Gray Monk Foundation?
As of 2024, Albert & Nan Gray Monk Foundation holds $2.0M in total assets with $151K in annual revenue. It awarded 18 grants totaling $110K in 2024.
Where does Albert & Nan Gray Monk Foundation operate?
Albert & Nan Gray Monk Foundation has awarded grants in Florida, Georgia, Indiana, North Carolina, Virginia.
What size grants does Albert & Nan Gray Monk Foundation award?
In 2024, Albert & Nan Gray Monk Foundation awarded 18 grants totaling $110K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Albert & Nan Gray Monk Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Albert & Nan Gray Monk Foundation reported a distributable amount of $119K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Albert & Nan Gray Monk Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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