The Monarch Charitable Foundation
The Monarch Charitable Foundation is a private grantmaking foundation established in 2018 and based in Wilmington, Delaware. The foundation was created by venture capitalist Jeff Lieberman and his wife Holly Fogle, a former McKinsey & Company senior partner. Operating as a 501(c)(3) organization, the foundation focuses on scaling inclusive solutions to significant social challenges through strategic philanthropy.
Key facts about The Monarch Charitable Foundation
- EIN
- 82-4278252
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $7,040,653
- Grants made (2024)
- 14
- Average grant
- $502,904
- Median grant
- $12,250
- Total assets
- $109,201,026
- Primary geography
- New York (98% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- Yes
- How to apply
- The foundation accepts unsolicited proposals and does not require a letter of inquiry.
Data from IRS Form 990-PF, 2024; updated June 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Monarch Charitable Foundation funds
By grant dollars, the top recipient states for The Monarch Charitable Foundation's 14 itemized 2024 grants were New York (98%). The most frequent recipient cities were New York, NY (9 grants). 21% of grants with a stated purpose were for general or operating support.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$109.2M
+5.3% YoY
Annual Giving
$7.0M
+7493.0% YoY
Grant Count
14
+100.0% YoY
Avg Grant Size
$503K
+3696.5% YoY
Under IRS private-foundation payout rules, The Monarch Charitable Foundation reported a distributable amount of $5.6M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission centers on "scaling simple and inclusive solutions to society's toughest problems." The foundation operates along two primary strategic pillars:
- Disrupting cycles of poverty in New York City — with particular emphasis on pregnancy and early childhood support
- Advancing climate justice solutions — with geographic reach across North America and the Arctic
The foundation is recognized as a pioneer in trust-based philanthropy, eliminating traditional grant reporting requirements in favor of informal conversations and providing nearly all funding as unrestricted grants.
Grantmaking
The foundation accepts unsolicited proposals and does not require a letter of inquiry. This represents a departure from traditional foundation practices.
Grant Range
$4,000
How to Apply
**
Ready to take the next step with The Monarch Charitable Foundation?
Geographic Focus
Where this funder awards grants
The foundation's primary geographic focus is New York City, with particular emphasis on poverty disruption initiatives in that region. Climate justice grants extend across North America and the Arctic.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue:
- Total assets: $109,201,026 (2024)
- Total revenues: $14,676,396 (2024)
- Total expenses: $9,138,796 (2024)
- Total liabilities: $3,390 (2023)
Historical Financial Data:
- Revenue: $40.4 million (2023)
- Expenses: $2.44 million (2023)
- Total assets: $104 million (2023)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $109,201,026 | $103,666,820 | $65,739,338 |
| Revenue | $14,676,396 | $40,361,997 | $27,803,896 |
| Expenses | $9,138,796 | $2,437,909 | $3,140,361 |
| Qualifying Distributions | $7,776,060 | $4,545,121 | $6,851,858 |
| Net Investment Income | $6,864,245 | $24,348,438 | $15,271,068 |
| Distributable Amount | $5,558,637 | $4,028,212 | $2,907,452 |
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
53 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Bridge Project Inc ($6,829,291 across 2 grants), Trustees of the University of Pennsylvania ($92,152), Horticultural Society of New York Inc ($61,960 across 6 grants).
| Recipient | Purpose | Amount |
|---|---|---|
| BRIDGE PROJECT INC NEW YORK, NY | General & Unrestricted | $6,828,866 |
| TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA PHILADELPHIA, PA | for randomized controlled trial design and evaluation for The Bridge Project | $92,152 |
| HORTICULTURAL SOCIETY OF NEW YORK INC NEW YORK, NY | MonarchNehemiahPark24B Project | $21,960 |
| THIRD SECTOR NEW ENGLAND INC BOSTON, MA | ECFC The Monarch Foundation Membership 2025 | $17,000 |
| BRONX IS BLOOMING BRONX, NY | For PLACE Program 2024 | $15,000 |
| ICC FOUNDATION FONDATION ICC | For ICC's Climate work | $15,000 |
| HORTICULTURAL SOCIETY OF NEW YORK INC NEW YORK, NY | Monthly Routine Maintenance fund for the livoniapark24b project | $14,500 |
| INVISIBLE AMERICANS PODCAST INC NEW YORK, NY | General & Unrestricted | $10,000 |
| HORTICULTURAL SOCIETY OF NEW YORK INC NEW YORK, NY | For Nehemiah Park project | $8,000 |
| HORTICULTURAL SOCIETY OF NEW YORK INC NEW YORK, NY | NehemiahPark24A Project | $6,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Key Personnel (as of 2023):
- Megha Agarwal — Executive Director ($188,802)
- Caroline Noble — Director ($110,700)
- Noa Saint-Marc — Chief of Staff ($108,409)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Holly Fogle | Dir, Pres | 1 | — |
| Jeffrey Lieberman | Dir, Sec, Treas | 1 | — |
Contact Information
- Address: 501 Silverside Road, Suite 123, Wilmington, DE 19809
- Email: info@themonarchfoundation.org
- Website: themonarchfoundation.org
- Operating Location: New York City
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Monarch Charitable Foundation fund?
The foundation's mission centers on "scaling simple and inclusive solutions to society's toughest problems." The foundation operates along two primary strategic pillars: 1. **Disrupting cycles of poverty in New York City** — with particular emphasis on pregnancy and early childhood support 2. **Advancing climate justice solutions** — with geographic reach across North America and the Arctic The foundation is recognized as a pioneer in trust-based philanthropy, eliminating traditional grant repo…
How do I apply for a grant from The Monarch Charitable Foundation?
**Grant Activity & Amounts:** • Annual giving: $7.58 million (FY 2024) • Total assets: $109.2 million (2024) • Median grant size: $4,000 • Grant range: $75 - $61,000 • Total giving: $7,040,653 (reported in one source) **Application Process:** The foundation accepts unsolicited proposals and does not require a letter of inquiry. This represents a departure from traditional foundation practices. **Notable Grants:** • The Bridge Project: $6,828,866 (2024) — General & Unrestricted funding for New Y…
Where does The Monarch Charitable Foundation make grants?
The foundation's primary geographic focus is New York City, with particular emphasis on poverty disruption initiatives in that region. Climate justice grants extend across North America and the Arctic.
What size grants does The Monarch Charitable Foundation award?
In 2024, The Monarch Charitable Foundation awarded 14 grants totaling $7.0M — an average of about $503K per grant, based on its IRS Form 990 filings.
How much is The Monarch Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Monarch Charitable Foundation reported a distributable amount of $5.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Monarch Charitable Foundation's EIN?
The Monarch Charitable Foundation's EIN (Employer Identification Number) is 82-4278252. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Monarch Charitable Foundation accept unsolicited proposals?
Yes, according to Grantable's research on the foundation's published guidelines. The foundation accepts unsolicited proposals and does not require a letter of inquiry.
Explore Open Grants
Browse active grant opportunities in The Monarch Charitable Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Vanguard Charitable Endowment Program
SOUTHEASTERN, PA
Assets
$22.2B
Grants
24,269
Total Given
$3.0B
Jpmorgan Chase Foundation
NEW YORK, NY
Assets
$1.2B
Grants
10,334
Total Given
$202.5M
The Pfizer Foundation Inc
NEW YORK, NY
Assets
$255.3M
Grants
9,306
Total Given
$23.2M
National Philanthropic Trust
JENKINTOWN, PA
Assets
$42.2B
Grants
18,583
Total Given
$5.1B
The Blackbaud Giving Fund
CHARLESTON SC, SC
Assets
$52.7M
Grants
1,860
Total Given
$41.4M
Morgan Stanley Global Impact Funding Trust Inc
INDIANAPOLIS, IN
Assets
$9.1B
Grants
19,253
Total Given
$1.2B
Jewish Communal Fund
NEW YORK, NY
Assets
$3.0B
Grants
4,673
Total Given
$953.3M
The Ford Foundation
NEW YORK, NY
Assets
$17.5B
Grants
4,007
Total Given
$844.7M
The Chicago Community Trust
CHICAGO, IL
Assets
$6.0B
Grants
3,976
Total Given
$1.4B
Silicon Valley Community Foundation
MOUNTAIN VIEW, CA
Assets
$12.3B
Grants
3,576
Total Given
$3.2B
The Goldman Sachs Charitable Gift Fund
NEW YORK, NY
Assets
$518.0M
Grants
2,485
Total Given
$212.1M
Rockefeller Philanthropy Advisors Inc
NEW YORK, NY
Assets
$891.5M
Grants
1,153
Total Given
$275.0M
More Funders in Delaware
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.