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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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