Robert T & Suellen Monk Family

Private foundation · Grantmaker Raleigh, NC EIN: 56-2018406

Robert T & Suellen Monk Family is a private foundation, 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.

Key facts about Robert T & Suellen Monk Family

In short: Robert T & Suellen Monk Family gave $50K across 8 grants in 2024 (avg $6K), mostly in North Carolina. Source: 2024 IRS Form 990-PF.

EIN
56-2018406
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$50,000
Grants made (2024)
8
Average grant
$6,250
Median grant
$2,000
Total assets
$921,521
Primary geography
North Carolina (86% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

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.

How Robert T & Suellen Monk Family gives

  • Giving held roughly steady from 2021 to 2024 (−2%). Method
  • In 2024 it paid out 92% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2024 grant dollars across all 8 itemized grants.

Cities

Morehead CityBaltimoreFarmvilleGreenvilleHarkers IslandWest Palm BeachLake WorthDurham

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K7 grants2020 7 grants2021 8 grants2022 8 grants2023 8 grants2024

From 2020 to 2024, annual grant giving ranged from $50K (2024) to $59K (2022). In 2024 it made 8 grants totaling $50K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Duke University: $25KDuke University$25KCore Sound Waterfowl Museum: $10KCore Sound Waterfowl Museum$10KCenter for Family Services of Palm Beach: $5KCenter for Family Services ofPalm Beach$5K1012 Sports Inc: $2K1012 Sports Inc$2KCarteret Community College Foundation: $2KCarteret Community CollegeFoundation$2KTown of Morehead City: $2KTown of Morehead City$2KPitt Community College Fdn: $2KPitt Community College Fdn$2KTown of Farmville: $2KTown of Farmville$2K

The largest 2024 recipient was Duke University ($25K). Together the top 8 received $50K.

Grant Size Distribution

38 grants across all recorded years

38<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 38 grants of 38 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Duke University Durham, NCGeneral Purpose Support$25,000
Core Sound Waterfowl Museum Harkers Island, NCGeneral Purpose Support$10,000
Center for Family Services of Palm Beach West Palm Beach, FLGeneral Purpose Support$5,000
1012 Sports Inc Baltimore, MDGeneral Purpose Support$2,000
Carteret Community College Foundation Morehead City, NCGeneral Purpose Support$2,000
Town of Morehead City Morehead City, NCGeneral Purpose Support$2,000
Pitt Community College Fdn Greenville, NCGeneral Purpose Support$2,000
Town of Farmville Farmville, NCGeneral Purpose Support$2,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20K$40K$60K$80K2020 2021 2022 2023 2024
Metric202420232022
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

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Robert T & Suellen Monk Family is led by Robert T. Monk, President & Treasurer on every filing since 2020; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Robert T. Monk

    President & Treasurer

    On filings since 2020

    No compensation reported

  • Suellen G. Monk

    Secretary

    On filings since 2020

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "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 Robert T & Suellen Monk Family

How much does Robert T & Suellen Monk Family give each year?

Robert T & Suellen Monk Family gave $50K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $52K across 8 grants.

What is Robert T & Suellen Monk Family's typical grant size?

Robert T & Suellen Monk Family's median grant in 2024 was $2,000, and its average grant was $6,250, across 8 grants on its 2024 IRS Form 990-PF.

Where does Robert T & Suellen Monk Family give grants?

Robert T & Suellen Monk Family gives mostly in North Carolina: 86% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Florida (10%). The most frequent recipient cities were Morehead City, NC (2 grants).

Does Robert T & Suellen Monk Family give general operating support?

Yes: 100% of Robert T & Suellen Monk Family's 2024 grants with a stated purpose (8 of 8) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are Robert T & Suellen Monk Family's largest grantees?

Robert T & Suellen Monk Family's largest 2024 grantees include Duke University ($25,000), Core Sound Waterfowl Museum ($10,000) and Center for Family Services of Palm Beach ($5,000), according to its 2024 IRS Form 990-PF. Together they received 80% of its itemized 2024 grant dollars.

How large is Robert T & Suellen Monk Family?

Robert T & Suellen Monk Family reported $922K in total assets on its 2024 IRS Form 990-PF. It paid out $50K in qualifying distributions that year, against a required minimum of $55K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

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.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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