Monroe Welfare Foundation
Monroe Welfare Foundation is a private foundation based in Fernandina Beach, Florida. The organization has been tax-exempt since December 1953 and operates as a grantmaking foundation supporting charitable causes.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.4M
+16.2% YoY
Annual Giving
$107K
+13.5% YoY
Grant Count
21
+5.0% YoY
Avg Grant Size
$5K
+8.1% YoY
Under IRS private-foundation payout rules, Monroe Welfare Foundation reported a distributable amount of $145K for 2025 — the minimum it must pay out in qualifying distributions.
Grantmaking
The foundation maintains an active grantmaking program with the following characteristics:
Grant Range
**: Grants range from $2,000 (median) to $12,000 (maximum)
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Geographic Focus
Where this funder awards grants
The foundation is based in and primarily serves Fernandina Beach, Florida and the surrounding region.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $3 million
- Annual Distributions: $114,000
- Grant Median: $2,000
- Grant Maximum: $12,000
The foundation maintains a modest asset base and distributes funds annually to support its charitable mission.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,400,108 | $1,204,974 | $1,142,156 |
| Revenue | $78,789 | $73,351 | $69,525 |
| Expenses | $130,892 | $114,440 | $164,447 |
| Qualifying Distributions | $130,892 | $114,440 | $164,447 |
| Net Investment Income | $302,072 | $159,371 | $149,290 |
| Distributable Amount | $145,462 | $137,721 | $138,415 |
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 2025
Grant Size Distribution
107 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Brantley County Boe ($14,000), Pierce County Boe ($14,000), Ware County Boe ($14,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHILDERS FAMILY YMCA WAYCROSS, GA | EXEMPT PURPOSE | $7,000 |
| CORD OF THREE BLACKSHEAR, GA | EXEMPT PURPOSE | $6,000 |
| BRANTLEY COUNTY BOE HOBOKEN, GA | EXEMPT PURPOSE | $14,000 |
| OKEFENOKEE FCA BLACKSHEAR, GA | EXEMPT PURPOSE | $1,000 |
| HOOVES OF FREEDOM BLACKSHEAR, GA | EXEMPT PURPOSE | $2,000 |
| SATILLA ADVOCACY SERVICES WAYCROSS, GA | EXEMPT PURPOSE | $1,000 |
| WOLFSON CHILDRENS HOSPITAL JACKSONVILLE, FL | EXEMPT PURPOSE | $7,250 |
| HOSPICE SATILLA WAYCROSS, GA | EXEMPT PURPOSE | $5,000 |
| MCARTHUR FAMILY YMCA FERNANDINA BEACH, FL | EXEMPT PURPOSE | $5,000 |
| OKEFENOKEE SWAMP PARK WAYCROSS, GA | EXEMPT PURPOSE | $6,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is governed by a board of trustees:
- William J Monroe III (Trustee)
- Moi M Monroe III (Trustee)
- Carolyn Hopkins (Trustee)
- Cheryl Monroe (Trustee)
- William J Monroe Jr (Trustee)
- Hannah Franklin (Trustee)
All trustees serve without compensation.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM J MONROE III | TRUSTEE | 1 | — |
| MOI M MONROE III | TRUSTEE | 5 | — |
| CAROLYN HOPKINS | TRUSTEE | 1 | — |
| CHERYL MONROE | TRUSTEE | 1 | — |
| WILLIAM J MONROE JR | TRUSTEE | 1 | — |
| HANNAH FRANKLIN | TRUSTEE | 1 | — |
Frequently Asked Questions
How do I apply for a grant from Monroe Welfare Foundation?
The foundation maintains an active grantmaking program with the following characteristics: • **Grant Volume**: Made 25 grants in the most recent reporting period • **Grant Range**: Grants range from $2,000 (median) to $12,000 (maximum) • **Annual Distributions**: $114,000 in distributions reported
Where does Monroe Welfare Foundation make grants?
The foundation is based in and primarily serves Fernandina Beach, Florida and the surrounding region.
What size grants does Monroe Welfare Foundation award?
In 2025, Monroe Welfare Foundation awarded 21 grants totaling $107K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Monroe Welfare Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Monroe Welfare Foundation reported a distributable amount of $145K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Monroe Welfare Foundation's EIN?
Monroe Welfare Foundation's EIN (Employer Identification Number) is 58-6033825. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in Monroe Welfare Foundation's focus areas in our free grants database
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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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