Robert T & Suellen Monk Family
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
Share of 2024 grant dollars across all 8 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
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
The largest 2024 recipient was Duke University ($25K). Together the top 8 received $50K.
Grant Size Distribution
38 grants across all recorded years
The most common grant size was under $50K: 38 grants of 38 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Duke University Durham, NC | General Purpose Support | $25,000 |
| Core Sound Waterfowl Museum Harkers Island, NC | General Purpose Support | $10,000 |
| Center for Family Services of Palm Beach West Palm Beach, FL | General Purpose Support | $5,000 |
| 1012 Sports Inc Baltimore, MD | General Purpose Support | $2,000 |
| Carteret Community College Foundation Morehead City, NC | General Purpose Support | $2,000 |
| 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 |
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- 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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