Monaghan Foundation Inc is a private independent foundation designated as a 501(c)(3) organization, located in Sheldon, South Carolina. The foundation has been tax-exempt since March 2013. It operates as a grantmaking foundation with no employees.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$486K
+9.2% YoY
Grant Count
7
-78.8% YoY
Avg Grant Size
$69K
+414.7% YoY
Grantmaking
The foundation is an active grantmaker that distributed $485,800 in grants in its most recent fiscal year (2024). In 2023, the foundation made 36 grants totaling $273,250.
Grant Range
$4,500
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in South Carolina, Rhode Island, and New York.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $9.7 million
- Total Distributions: $486,000
As of December 2023:
- Total Assets: $6.48 million
- Total Revenues: $134,130
- Total Expenses: $455,630
- Total Liabilities: $0
- Investment Income and Dividends: $138,015
As of December 2022:
- Investment Income and Dividends: $133,318
The foundation's revenue is primarily derived from investment income and dividends rather than contributions.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
153 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Vanguard Charitable ($449,000), Elk River Helping Hands ($20,000), Springhill Ame Church ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMI KIDS BEAUFORT SEABROOK, SC | GENERAL OPERATIONS | $3,300 |
| HOPEFUL HORIZONS BEAUFORT, SC | GENERAL OPERATIONS | $4,500 |
| SHELDON BOYS AND GIRLS CLUB BLUFFTON, SC | GENERAL OPERATIONS | $1,000 |
| SPRINGHILL AME CHURCH GILBERT, SC | GENERAL OPERATIONS | $5,000 |
| VANGUARD CHARITABLE WARWICK, RI | GENERAL OPERATIONS | $449,000 |
| ELK RIVER HELPING HANDS BANNER ELK, NC | GENERAL OPERATIONS | $20,000 |
| LEUKEMIA & LYMPHOMA SOCIETY RYE BROOK, NY | GENERAL OPERATIONS | $3,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is governed by five trustees:
- Craig Monaghan (Director, Chairman)
- Shannon Monaghan (President, Treasurer)
- Connor Monaghan (Treasurer, Director)
- Rand Monaghan (Treasurer, Secretary)
- Mary Lou Monaghan (Director, Vice President)
All trustees serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CRAIG MONAGHAN | DIRECTOR, CHAIRMAN | — | — |
| SHANNON MONAGHAN | PRESIDENT, TREASURER | — | — |
| CONNOR MONAGHAN | TREASURER, DIRECTOR | — | — |
| RAND MONAGHAN | TREASURER, SECRETARY | — | — |
| MARY LOU MONAGHAN | DIRECTOR, VICE PRESIDENT | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
How do I apply for a grant from Monaghan Foundation Inc?
The foundation is an active grantmaker that distributed $485,800 in grants in its most recent fiscal year (2024). In 2023, the foundation made 36 grants totaling $273,250. **Grant Characteristics:** • Median grant size: $4,500 • Grant range: $1,000–$449,000 • Recent notable grants (2023) include: • Help of Beaufort: $50,000 (General Operations) • Operation Healing Forces: $50,000 (General Operations) • Lehigh University: $30,250 (General Operations)
Where does Monaghan Foundation Inc make grants?
The foundation primarily funds organizations in South Carolina, Rhode Island, and New York.
What size grants does Monaghan Foundation Inc award?
In 2024, Monaghan Foundation Inc awarded 7 grants totaling $486K — an average of about $69K per grant, based on its IRS Form 990 filings.
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 2019–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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