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
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
No grants recorded for .
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 | — |
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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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