Monaghan Foundation Inc
Monaghan Foundation Inc is a private foundation based in Sheldon, South Carolina. It makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds.
Monaghan Foundation Inc at a glance
In short: Monaghan Foundation Inc gave $454K across 7 grants in 2025 (avg $65K), mostly in Rhode Island. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $454,000
- -6.5% vs 2024
- Grants made (2025)
- 7
- +0.0% vs 2024
- Average grant
- $64,857
- -6.5% vs 2024
- Median grant
- $2,500
- Total assets
- $5,821,205
- -5.1% vs 2024
- Primary geography
- Rhode Island (97% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
How to apply to Monaghan Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests. Its filing lists MR CRAIG MONAGHAN as the contact; application forms and materials, deadlines, and award restrictions are listed as N/A.
- Contact
Application contact: Mr Craig Monaghan
Mailing address: 36 Goat Island Pl, Sheldon, SC 29941-3027
Phone: (404) 885-3344
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Monaghan Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Vanguard Charitable ($440K). Together the top 7 received $454K.
Grant Size Distribution
124 grants across all recorded years
The most common grant size was under $50K: 116 grants of 124 (94%).
Geographic Focus
Where this funder awards grants
In 2025, 97% of grant dollars went to recipients in Rhode Island, 2% to South Carolina, 1% to Utah, and less than 1% to North Carolina.
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
States
Cities
How Monaghan Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (−4%). Method
- In 2025 it paid out 86% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $307K (2019) to $486K (2024). In 2025 it made 7 grants totaling $454K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Vanguard Charitable Warwick, RI | General Operations | $440,000 |
| Springhill Ame Church Gilbert, SC | General Operations | $6,000 |
| Utah Wetlands Foundation Salt Lake City, UT | General Operations | $2,500 |
| Poplar Springs Baptist Church Moore, SC | General Operations | $2,500 |
| Ami Kids Beaufort Seabrook, SC | General Operations | $1,000 |
| High Country Charitable Foundation Banner Elk, NC | General Operations | $1,000 |
| Sheldon Boys and Girls Club Bluffton, SC | General Operations | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $5,821,205 | $157,573 | $467,334 | $454,000 | 7 | $454,000 | $147,430 | $528,271 |
| 2024 | $6,131,061 | $143,006 | $495,896 | $485,800 | 7 | $485,800 | $139,486 | $473,889 |
| 2023 | $6,484,026 | $134,130 | $455,630 | $444,950 | 33 | $444,950 | $132,085 | $450,689 |
| 2022 | $6,805,573 | $419,829 | $483,495 | $475,000 | 39 | $475,000 | $413,609 | $444,363 |
| 2021 | $6,862,520 | $271,788 | $450,029 | $414,050 | 38 | $414,050 | $265,486 | $476,902 |
| 2020 | $7,040,761 | $1,015,106 | $435,593 | $425,550 | 36 | — | $1,010,342 | $415,527 |
| 2019 | $6,462,481 | $127,960 | $347,180 | $307,300 | 30 | — | $126,503 | $423,263 |
Under IRS private-foundation payout rules, Monaghan Foundation Inc reported a distributable amount of $528K for 2025 — 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 or specific funding focus areas are stated. The foundation’s 2025 grants listed in its filing were for general operations.
Grantmaking
In 2025, the foundation made 7 grants totaling $454,000. Grant amounts ranged from $1,000 to $440,000, with a median of $2,500. Its largest listed grants were $440,000 to VANGUARD CHARITABLE, $6,000 to SPRINGHILL AME CHURCH, and $2,500 each to UTAH WETLANDS FOUNDATION and POPLAR SPRINGS BAPTIST CHURCH. Each was designated for general operations.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists CRAIG MONAGHAN as director and chairman; SHANNON MONAGHAN as president and treasurer; CONNOR MONAGHAN as treasurer; RAND MONAGHAN as secretary; and MARY LOU MONAGHAN as director and vice president.
Monaghan Foundation Inc is led by Shannon Monaghan, President & Treasurer since 2024 (on filings since 2019); none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Shannon Monaghan
President & Treasurer
President → President & Treasurer, 2024
On filings since 2019
No compensation reported
Craig Monaghan
Director & Chairman
Director → Director & Chairman, 2024
On filings since 2019
No compensation reported
Mary Lou Monaghan
Director & Vice President
On filings since 2024
No compensation reported
Connor Monaghan
Treasurer
Vice President → Treasurer & Director, 2024
Treasurer & Director → Treasurer, 2025
On filings since 2019
No compensation reported
Rand Monaghan
Secretary
Treasurer → Treasurer & Secretary, 2024
Treasurer & Secretary → Secretary, 2025
On filings since 2019
No compensation reported
Former officers (2)
- Former: Kate Monaghan (2019–2023) — Second Vice President
- Former: Tad Heuer (2019–2023) — Secretary
Data from IRS Form 990 filings, 2019–2025. "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 Monaghan Foundation Inc
How much does Monaghan Foundation Inc give each year?
Monaghan Foundation Inc gave $454K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $486K across 7 grants.
What is Monaghan Foundation Inc's typical grant size?
Monaghan Foundation Inc's median grant in 2025 was $2,500, and its average grant was $64,857, across 7 grants on its 2025 IRS Form 990-PF.
Where does Monaghan Foundation Inc give grants?
Monaghan Foundation Inc gives mostly in Rhode Island: 97% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Monaghan Foundation Inc give general operating support?
Yes: 100% of Monaghan Foundation Inc's 2025 grants with a stated purpose (7 of 7) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Monaghan Foundation Inc's largest grantees?
Monaghan Foundation Inc's largest 2025 grantees include Vanguard Charitable ($440,000), Springhill Ame Church ($6,000) and Utah Wetlands Foundation ($2,500), according to its 2025 IRS Form 990-PF. Together they received 99% of its itemized 2025 grant dollars.
How large is Monaghan Foundation Inc?
Monaghan Foundation Inc reported $5.8M in total assets on its 2025 IRS Form 990-PF. It paid out $454K in qualifying distributions that year, against a required minimum of $528K (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 Monaghan Foundation Inc fund?
No mission or specific funding focus areas are stated. The foundation’s 2025 grants listed in its filing were for general operations. See mission & focus areas ↑
How do I apply for a grant from Monaghan Foundation Inc?
The foundation does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Monaghan Foundation Inc's EIN?
Monaghan Foundation Inc's EIN (Employer Identification Number) is 46-0691137. IRS Form 990 filing data is available on this page for 2019–2025.
Does Monaghan Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 23, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 20, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 12, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work Monaghan Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Cite this profile
Grantable. (2026). Monaghan Foundation Inc funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/monaghan-foundation-inc-morg_6657d2f868034a8e8f970b75a18580d3
BibTeX
@misc{grantable_460691137_2026,
author = {{Grantable}},
title = {{Monaghan Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/monaghan-foundation-inc-morg_6657d2f868034a8e8f970b75a18580d3},
note = {Accessed 2026-10-16. 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 Monaghan Foundation Inc'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.
Monaghan Foundation Inc down — hundreds of funders to go?