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.
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
**
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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 10 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 include Bridge Project Inc ($6,828,866), Trustees of the University of Pennsylvania ($92,152), Horticultural Society of New York Inc ($21,960).
| Recipient | Purpose | Amount |
|---|---|---|
| BRIDGE PROJECT INC NEW YORK, NY | General & Unrestricted | $6,828,866 |
| BRIDGE PROJECT INC NEW YORK, NY | Update of Bridge website and 3 months of website hosting funds | $425 |
| BRONX IS BLOOMING BRONX, NY | For PLACE Program 2024 | $15,000 |
| HORTICULTURAL SOCIETY OF NEW YORK INC NEW YORK, NY | For Livonia Park project | $5,500 |
| HORTICULTURAL SOCIETY OF NEW YORK INC NEW YORK, NY | MonarchNehemiahPark24B Project | $21,960 |
| HORTICULTURAL SOCIETY OF NEW YORK INC NEW YORK, NY | NehemiahPark24A Project | $6,000 |
| HORTICULTURAL SOCIETY OF NEW YORK INC NEW YORK, NY | For Nehemiah Park project | $8,000 |
| HORTICULTURAL SOCIETY OF NEW YORK INC NEW YORK, NY | Monthly Routine Maintenance fund for the livoniapark24b project | $14,500 |
| HORTICULTURAL SOCIETY OF NEW YORK INC NEW YORK, NY | Park Clean Up fund for the LivoniaPark24A Project | $6,000 |
| ICC FOUNDATION FONDATION ICC | For ICC's Climate work | $15,000 |
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.
Explore Open Grants
Browse active grant opportunities in The Monarch Charitable Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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