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
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 10 recipients in 2024
Grant Size Distribution
53 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
Ttee Trustees of Univ of Mass - Art 5
WILMINGTON, DE
Assets
$380K
Grants
1
Total Given
$14K
The Jonsson Foundation
WILMINGTON, DE
Assets
$784K
Grants
3
Total Given
$15K
Engineering Information Foundation Inc
WILMINGTON, DE
Assets
$5.7M
Grants
13
Total Given
$220K
The Cucci Family Foundation
WILMINGTON, DE
Assets
$579K
Grants
4
Total Given
$45K
Caroline K Barber Foundation
WILMINGTON, DE
Assets
$257K
Grants
0
Total Given
—
Give Back Brands Foundation
WILMINGTON, DE
Assets
—
Grants
19
Total Given
$178K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with The Monarch Charitable Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities