Monka Foundation
Monka Foundation is a private foundation focused on Health, based in Charleston, SC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $6K in total assets. In 2025, it awarded 4 grants totaling $77K.
Monka Foundation at a glance
In short: Monka Foundation gave $77K across 4 grants in 2025 (avg $19K), mostly in South Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $77,028
- Grants made (2025)
- 4
- Average grant
- $19,257
- Median grant
- $764
- Total assets
- $5,671
- Primary geography
- South Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Monka Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Musc Foundation ($75K). Together the top 4 received $77K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 8 grants of 10 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How Monka Foundation gives
- Giving grew 413% from 2022 to 2025. Method
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). 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 2022 to 2025, annual grant giving ranged from $15K (2022) to $85K (2023). In 2025 it made 4 grants totaling $77K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Musc Foundation Charleston, SC | The contributions to musc were to the inspire fund that is doing pediatric brain cancer research. | $75,000 |
| RMHC Charleston, SC | To assist the ronald mcdonald house of charleston in providing aid. | $1,000 |
| McConnell Foundation Isle of Palms, SC | Funding Pediatric Cancer Research | $528 |
| Musc Radiothon Charleston, SC | Raising money for pediatric cancer research through contribution to musc's radiothon. | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $5,671 | $123,023 | $126,951 | $77,028 | 4 | $77,028 | — |
| 2023 | $1,228 | $89,880 | $106,432 | $85,068 | 4 | $85,068 | $951 |
| 2022 | $17,780 | $57,631 | $39,851 | $15,025 | 2 | $15,025 | $346 |
| 2021 | — | $1,740 | $1,740 | — | — | — | — |
Leadership & Key People
Officers and directors from IRS filings
Monka Foundation is led by Karen Horn, President on every filing since 2021; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Karen Horn
President
On filings since 2021
5 hrs/week
No compensation reported
Jaime Gilbery
Secretary
On filings since 2021
No compensation reported
Thomas Horn
Treasurer
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 Monka Foundation
How much does Monka Foundation give each year?
Monka Foundation gave $77K across 4 grants in 2025, according to its 2025 IRS Form 990-PF.
What is Monka Foundation's typical grant size?
Monka Foundation's median grant in 2025 was $764, and its average grant was $19,257, across 4 grants on its 2025 IRS Form 990-PF.
Where does Monka Foundation give grants?
Monka Foundation gives mostly in South Carolina: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Charleston, SC (3 grants).
Does Monka Foundation give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on Monka Foundation's 2025 IRS Form 990-PF were described as general or operating support.
How large is Monka Foundation?
Monka Foundation reported $6K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $123K.
What is Monka Foundation?
Monka Foundation is a private foundation focused on Health, based in Charleston, SC. It holds $6K in total assets as of 2025.
What is Monka Foundation's EIN?
Monka Foundation's EIN (Employer Identification Number) is 87-3396629. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 25, 2026)
- IRS filings on file for fiscal years 2021–2025
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