Bill & Agnes Monk Family Foundation

GREENVILLE, NC EIN: 47-5450179

The Bill & Agnes Monk Family Foundation is a private foundation based in Greenville, North Carolina. Established in 2016, the foundation honors the legacy of Bill and Agnes Monk of Farmville, NC, who were longtime community supporters. The foundation operates as a 501(c)(3) private foundation with no employees.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$20.9M

+17.6% YoY

Annual Giving

$1.4M

-1.2% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$76K

-1.2% YoY

Under IRS private-foundation payout rules, Bill & Agnes Monk Family Foundation reported a distributable amount of $2.0M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation primarily funds:

Education — including scholarships, academic programs, and educational institutions
Philanthropy, Voluntarism & Grantmaking
Human Services

The foundation supports general needs, scholarship funds, capital campaigns, and endowed programs across its focus areas.

Grantmaking

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in North Carolina, Virginia, and Georgia, with particular emphasis on eastern North Carolina.

Grant Distribution by State

North Carolina $5.5M (86%)

Virginia $650K (10%)

Georgia $197K (3%)

District of Columbia $30K (0%)

Florida $25K (0%)

Colorado $2K (0%)

States

Colorado District of Columbia Florida Georgia North Carolina Virginia

Cities

ArlingtonAtlantaCaryChapel HillDenverDurhamFarmvilleFayettevilleGreenvilleMiamiMiddlesexMount OliveRaleighSuwaneeWashingtonWinstonsalemWintervilleWoodberry Forest

Financial History

Multi-year comparison from IRS filings

As of 2023:

Total Assets: $17,764,908
Total Revenues: $1,036,100
Total Expenses: $1,560,606
Total Giving: $1,445,168

As of 2024:

Total Assets: $20,890,163

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$20,890,163	$17,764,908	$18,350,921
Revenue	$4,727,702	$1,036,100	$123,386
Expenses	$1,571,754	$1,560,606	$1,553,574
Qualifying Distributions	$1,504,633	$1,514,056	$1,490,959
Net Investment Income	$4,660,730	$909,990	$390,998
Distributable Amount	$1,987,246	$1,563,898	$1,268,285

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

94 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include The Conservation Fund ($250,000), University of North Carolina ($182,501), Saint Mary's School ($166,667).

Recipient	Purpose	Amount
ALL SAINTS EPISCOPAL CHURCH ATLANTA, GA	SAINT MARY'S FOREVER CAMPAIGN	$30,000
DUKE UNIVERSITY DURHAM, NC	WILLIAM MONK JR. SCHOLARSHIP FUND	$20,000
PITT COMMUNITY COLLEGE FOUNDATION GREENVILLE, NC	15 IN FIVE ENDOWMENT CAMPAIGN	$127,500
SAINT MARY'S SCHOOL RALEIGH, NC	VARIOUS PROGRAMS	$166,667
SCHWAB CHARITABLE FUND WINSTONSALEM, NC	DONOR ADVISED	$50,000
ST PAULS EPISCOPAL CHURCH GREENVILLE, NC	ANNUAL GIVING COMMITMENT	$15,000
THE EDUCATIONAL FOUNDATION INC CHAPEL HILL, NC	VARIOUS PROGRAMS	$37,500
THE OAKWOOD SCHOOL GREENVILLE, NC	MONK FAMILY SCHOLARS/GENERAL FD	$50,000
UNIVERSITY OF NORTH CAROLINA CHAPEL HILL, NC	VARIOUS PROGRAMS	$182,501
ECU HEALTH FOUNDATION GREENVILLE, NC	INVEST IN OUR FUTURE FUND	$50,000

Leadership & Key People

Leadership team and compensation from IRS filings

The foundation was established by and honors the memory of Bill and Agnes Monk. The Monk family continues to support the foundation's mission, including William Monk Jr. (Class of 1986) and his wife Aurelia Stafford Monk (Class of 1985), along with Molly Monk Mears (Class of 1984) and her husband John.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
AURELIA STAFFORD MONK	PRES./SECRET	—	—
MOLLY MONK	VICE PRESIDE	—	—
WILLIAM C MONK JR	CHAIR/TREASU	—	—

Recent News & Activity

Recent developments and announcements

The foundation supports internship opportunities for students in eastern North Carolina and beyond through an endowed fund at the University of North Carolina at Chapel Hill. The Monk Family Internship program provides opportunities for students from eastern North Carolina participating in internships elsewhere, as well as students serving in internships within the region.

Monk Family Fund will support internships in eastern N.C. and beyond - Carolina

2026

The Monk Family Scholarship at The Oakwood School continues to accept applications annually, with the 2026-2027 scholarship cycle open to new rising 9th to 12th grade students.

Monk Family Scholarship - The Oakwood School

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Bill & Agnes Monk Family Foundation fund?

The foundation primarily funds: • **Education** — including scholarships, academic programs, and educational institutions • **Philanthropy, Voluntarism & Grantmaking** • **Human Services** The foundation supports general needs, scholarship funds, capital campaigns, and endowed programs across its focus areas.

How do I apply for a grant from Bill & Agnes Monk Family Foundation?

**Grant Amounts:** Typical awards range from $1,250 to $270,000. **Recent Grant Activity:** In 2023, the foundation made 21 grants totaling $1,445,168. **Notable Grants (2023):** • The Oakwood School: $232,000 (Monk Family Scholars/general funding) • ECU Health Foundation: $200,000 (ECU Cancer Capital Campaign) **Scholarship Programs:** The foundation established an endowment providing four full tuition scholarships to The Oakwood School for rising 9th to 12th grade students. Selection is merit…

Where does Bill & Agnes Monk Family Foundation make grants?

The foundation primarily funds organizations in North Carolina, Virginia, and Georgia, with particular emphasis on eastern North Carolina.

What size grants does Bill & Agnes Monk Family Foundation award?

In 2024, Bill & Agnes Monk Family Foundation awarded 19 grants totaling $1.4M — an average of about $76K per grant, based on its IRS Form 990 filings.

How much is Bill & Agnes Monk Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Bill & Agnes Monk Family Foundation reported a distributable amount of $2.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Bill & Agnes Monk Family Foundation's EIN?

Bill & Agnes Monk Family Foundation's EIN (Employer Identification Number) is 47-5450179. IRS Form 990 filing data is available on this page for 2020–2024.