Robert T & Suellen Monk Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RALEIGH, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $922K in total assets. In 2024, it awarded 8 grants totaling $50K. Net investment income was $42K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$922K
-1.0% YoY
Annual Giving
$50K
-3.8% YoY
Grant Count
8
+0.0% YoY
Avg Grant Size
$6K
-3.8% YoY
Under IRS private-foundation payout rules, Robert T & Suellen Monk Family reported a distributable amount of $55K for 2024 — the minimum it must pay out in qualifying distributions.
About Robert T & Suellen Monk Family
Based on IRS filings
Robert T & Suellen Monk Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RALEIGH, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $922K in total assets. In 2024, it awarded 8 grants totaling $50K. Net investment income was $42K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $921,521 | $930,481 | $959,442 |
| Revenue | $48,125 | $31,510 | $72,206 |
| Expenses | $56,871 | $60,020 | $64,592 |
| Qualifying Distributions | $50,000 | $52,000 | $58,500 |
| Net Investment Income | $41,862 | $23,821 | $67,046 |
| Distributable Amount | $54,530 | $49,886 | $51,909 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
38 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Duke University ($25,000), Core Sound Waterfowl Museum ($10,000), Center for Family Services of Palm Beach ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 1012 SPORTS INC BALTIMORE, MD | GENERAL PURPOSE SUPPORT | $2,000 |
| CARTERET COMMUNITY COLLEGE FOUNDATION MOREHEAD CITY, NC | GENERAL PURPOSE SUPPORT | $2,000 |
| CENTER FOR FAMILY SERVICES OF PALM BEACH WEST PALM BEACH, FL | GENERAL PURPOSE SUPPORT | $5,000 |
| CORE SOUND WATERFOWL MUSEUM HARKERS ISLAND, NC | GENERAL PURPOSE SUPPORT | $10,000 |
| DUKE UNIVERSITY DURHAM, NC | GENERAL PURPOSE SUPPORT | $25,000 |
| TOWN OF MOREHEAD CITY MOREHEAD CITY, NC | GENERAL PURPOSE SUPPORT | $2,000 |
| PITT COMMUNITY COLLEGE FDN GREENVILLE, NC | GENERAL PURPOSE SUPPORT | $2,000 |
| TOWN OF FARMVILLE FARMVILLE, NC | GENERAL PURPOSE SUPPORT | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT T MONK | PRESIDENT & TREASURER | — | — |
| SUELLEN G MONK | SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Robert T & Suellen Monk Family?
Robert T & Suellen Monk Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RALEIGH, NC. It holds $922K in total assets as of 2024.
How large is Robert T & Suellen Monk Family?
As of 2024, Robert T & Suellen Monk Family holds $922K in total assets with $48K in annual revenue. It awarded 8 grants totaling $50K in 2024.
Where does Robert T & Suellen Monk Family operate?
Robert T & Suellen Monk Family has awarded grants in Florida, Maryland, North Carolina.
What size grants does Robert T & Suellen Monk Family award?
In 2024, Robert T & Suellen Monk Family awarded 8 grants totaling $50K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Robert T & Suellen Monk Family required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Robert T & Suellen Monk Family reported a distributable amount of $55K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Robert T & Suellen Monk Family's EIN?
Robert T & Suellen Monk Family's EIN (Employer Identification Number) is 56-2018406. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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