Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
The Monarch Charitable Foundation
aka THE MONARCH FOUNDATION
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

82-4278252
B Telephone number (see instructions)

(800) 839-1754
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$126,757,223J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 12,785,383
2 Check right arrow.............
3 Interest on savings and temporary cash investments 11,669 11,669  
4 Dividends and interest from securities... 788,125 788,125  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,181,348
b Gross sales price for all assets on line 6a 24,074,149
7 Capital gain net income (from Part IV, line 2)... 6,986,868
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
-90,129 202,039  
12 Total. Add lines 1 through 11........ 14,676,396 7,988,701  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages...... 226,916     226,916
15 Pension plans, employee benefits....... 53,662     53,662
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
131,965 26,765   105,200
17 Interest............... 962 962    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
108,437 637    
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
272,979   0
20 Occupancy.............. 29,845     29,845
21 Travel, conferences, and meetings....... 36,162 4,175   31,987
22 Printing and publications.......... 4,472     4,472
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,232,743 1,091,917   85,707
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,098,143 1,124,456 0 537,789
25 Contributions, gifts, grants paid....... 7,040,653 7,040,653
26 Total expenses and disbursements. Add lines 24 and 25 9,138,796 1,124,456 0 7,578,442
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,537,600
b Net investment income (if negative, enter -0-) 6,864,245
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 307,009 611,155 611,155
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 28,608,050 Click to see attachment
List of Attached Documents:
// Content
23,418,972 		22,427,265
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 66,339,120 Click to see attachment
List of Attached Documents:
// Content
76,833,618 		95,159,105
14 Land, buildings, and equipment: basis right arrow8,739,518
Less: accumulated depreciation (attach schedule) right arrow402,237 8,412,641 Click to see attachment
List of Attached Documents:
// Content
8,337,281 		8,559,698
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 103,666,820 109,201,026 126,757,223
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 3,394 Click to see attachment
List of Attached Documents:
// Content
0
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 3,394 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 103,663,426 109,201,026
29 Total net assets or fund balances (see instructions)..... 103,663,426 109,201,026
30 Total liabilities and net assets/fund balances (see instructions). 103,666,820 109,201,026
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
103,663,426
2
Enter amount from Part I, line 27a .....................
2
5,537,600
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
109,201,026
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
109,201,026
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 24,074,149   17,796,430 6,277,719
b       709,149
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       6,277,719
b        
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 6,986,868
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 95,413
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 95,413
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 95,413
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 177,503
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 177,503
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 82,090
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow82,090 Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowDE, NY
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Holly Fogle Dir, Pres
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Jeffrey Lieberman Dir, Sec, Treas
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
CAROLINE NOBLE DIRECTOR
50.0 		120,199 4,385 0
329 16TH ST
BROOKLYN,NY11215
CHRISTINE SWITZER THEODORIDIS DIRECTOR
50.0 		91,667 5,156 0
65 GOTHIC ST
NORTHAMPTON,VA01060
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
Paul Davis New York Inc interior design 74,429
47 Orchard Street
New York,NY10002
Audio Video Design Inc AV &equip maintenanc 66,200
63-04 Woodhaven Blvd
Rego Park,NY11374
Foundation Source Administrative 53,988
55 WALLS DRIVE st 302
FAIRFIELD,CT06824
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
20,151,791
b
Average of monthly cash balances.......................
1b
728,009
c
Fair market value of all other assets (see instructions)................
1c
93,622,618
d
Total (add lines 1a, b, and c).........................
1d
114,502,418
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
114,502,418
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,717,536
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
112,784,882
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
5,639,244
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
5,639,244
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
95,413
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
95,413
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
5,543,831
4
Recoveries of amounts treated as qualifying distributions................
4
14,806
5
Add lines 3 and 4............................
5
5,558,637
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
5,558,637
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
7,578,442
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
197,618
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
7,776,060
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 5,558,637
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020...... 81,616
c From 2021......  
d From 2022...... 3,944,406
e From 2023...... 516,909
f Total of lines 3a through e ........ 4,542,931
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 7,776,060
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 5,558,637
e Remaining amount distributed out of corpus 2,217,423
5 Excess distributions carryover applied to 2024.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 6,760,354
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		6,760,354
10 Analysis of line 9:
a Excess from 2020.... 81,616
b Excess from 2021....  
c Excess from 2022.... 3,944,406
d Excess from 2023.... 516,909
e Excess from 2024.... 2,217,423
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
Holly Fogle
Jeffrey Lieberman
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

BRIDGE PROJECT INC

515 CANAL ST 1C
NEW YORK,NY10013 		N/A PC General & Unrestricted 6,828,866

BRIDGE PROJECT INC

515 CANAL ST 1C
NEW YORK,NY10013 		N/A PC Update of Bridge website and 3 months of website hosting funds 425

BRONX IS BLOOMING

1020 GRAND CONCOURSE APT 15C
BRONX,NY10451 		N/A PC For PLACE Program 2024 15,000

HORTICULTURAL SOCIETY OF NEW YORK INC

148 W 37TH ST 13TH FL
NEW YORK,NY10018 		N/A PC For Livonia Park project 5,500

HORTICULTURAL SOCIETY OF NEW YORK INC

148 W 37TH ST 13TH FL
NEW YORK,NY10018 		N/A PC MonarchNehemiahPark24B Project 21,960

HORTICULTURAL SOCIETY OF NEW YORK INC

148 W 37TH ST 13TH FL
NEW YORK,NY10018 		N/A PC NehemiahPark24A Project 6,000

HORTICULTURAL SOCIETY OF NEW YORK INC

148 W 37TH ST 13TH FL
NEW YORK,NY10018 		N/A PC For Nehemiah Park project 8,000

HORTICULTURAL SOCIETY OF NEW YORK INC

148 W 37TH ST 13TH FL
NEW YORK,NY10018 		N/A PC Monthly Routine Maintenance fund for the livoniapark24b project 14,500

HORTICULTURAL SOCIETY OF NEW YORK INC

148 W 37TH ST 13TH FL
NEW YORK,NY10018 		N/A PC Park Clean Up fund for the LivoniaPark24A Project 6,000

ICC FOUNDATION FONDATION ICC

75 ALBERT ST STE 1001
OTTAWA,OntarioK1P 5E7
CA 		N/A PC For ICC's Climate work 15,000

INVISIBLE AMERICANS PODCAST INC

C/O CAROL JENKINS 730 RIVERSIDE DR
NEW YORK,NY10031 		N/A PC General & Unrestricted 10,000

MS FOUNDATION FOR WOMEN INC

12 METROTECH CENTER 26TH FL
BROOKLYN,NY11201 		N/A PC General & Unrestricted 250

THIRD SECTOR NEW ENGLAND INC

89 S ST STE 700
BOSTON,MA02111 		N/A PC ECFC The Monarch Foundation Membership 2025 17,000

TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA

2929 WALNUT ST STE 300
PHILADELPHIA,PA19104 		N/A PC for randomized controlled trial design and evaluation for The Bridge Project 92,152
Total .................................right arrow 3a 7,040,653
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 11,669  
4 Dividends and interest from securities ....     14 788,125  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		525990 3,122 18 1,178,226  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 Inc/Loss 		525990 -306,974 14 202,039  
bPROPERTY TAX REFUND     01 14,806  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -303,852 2,194,865  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,891,013
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
The Monarch Charitable Foundation
aka THE MONARCH FOUNDATION
Employer identification number

82-4278252
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
The Monarch Charitable Foundation
aka THE MONARCH FOUNDATION 		Employer identification number
82-4278252
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
Lieberman Jeffrey
481 Greenwich Street Apt 5C
 
New York, NY10013

$ 12,785,383


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
The Monarch Charitable Foundation
aka THE MONARCH FOUNDATION 		Employer identification number

82-4278252
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 JFROG FROG, 79038 sh. $ 3,439,339 2024-03-20
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 MONDAY.COM LTD MNDY, 19433 sh. $ 5,632,655 2024-12-05
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 HELLOFRESH HLFFF, 272524 sh. $ 3,713,140 2024-12-05
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
The Monarch Charitable Foundation
aka THE MONARCH FOUNDATION 		Employer identification number

82-4278252
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


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TY 2024 DepreciationSchedule
Name:
The Monarch Charitable Foundation
 
aka THE MONARCH FOUNDATION
EIN:
82-4278252
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
ALARM SYSTEM - 479 2023-11-02 47,631 1,588 SL 5 9,526   0  
ALARM SYSTEM - 479 2024-09-19 6,952   SL 5 348   0  
CONDO-479GREENWICH 2023-01-01 4,337,117 111,208 SL 39 111,208   0  
CONDO IMP - 479 GR 2023-11-30 3,399,265 7,263 SL 39 87,161   0  
CONDO IMP - 479 GR 2024-11-05 141,947   SL 39 607   0  
LAND-479 GREENWICH 2023-01-01 481,902   L       0  
OFFICE FURNITURE 2023-11-02 275,984 9,199 SL 5 55,197   0  
OFFICE FURNITURE 2024-01-19 48,720   SL 5 8,932   0  

TY 2024 GeneralExplanationAttachment
Name:
The Monarch Charitable Foundation
 
aka THE MONARCH FOUNDATION
EIN:
82-4278252
Identifier Return Reference Explanation
Forms 926 Forms 926 The Foundation has prepared these forms to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.
Forms 8865 Forms 8865 The Foundation has prepared these forms to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.
PART I LINE 6A (990-PF) PART I LINE 6A (990-PF) RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $1,178,226 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $3,122 TOTAL PART I, LINE 6A: $1,181,348 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $24,074,149 BOOK BASIS: $23,605,071 NET GAIN/(LOSS): $469,078 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $709,148

TY 2024 InvestmentsCorpStockSchedule
Name:
The Monarch Charitable Foundation
 
aka THE MONARCH FOUNDATION
EIN:
82-4278252
Name of Stock End of Year Book Value End of Year Fair Market Value
DOCUSIGN INC 434,821 136,079
HELLOFRESH 2,784,855 2,430,233
JFROG 109 15,823
MONDAY.COM LTD 8,484,550 8,129,743
SENTINELONE INC 12,327 22,688
UDEMY, INC. 1,090 897
WISDOMTREE FLOATING RATE TREAS 11,701,220 11,691,802

TY 2024 InvestmentsOtherSchedule2
Name:
The Monarch Charitable Foundation
 
aka THE MONARCH FOUNDATION
EIN:
82-4278252
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ACRE VENTURE PARTNERS III, LP   700,326 715,274
ACTIVATE CAPITAL PARTNERS 2 LP   4,265,961 5,483,636
ACTIVATE CAPITAL PARTNERS III,   388,660 303,656
AGFUNDER FUND IV, L.P   1,657,430 1,554,503
AVESTA FUND I LP   563,594 541,238
BUOYANT VENTURES FUND I   181,520 166,013
CLEAN ENERGY VENTURE FUND II,   538,944 569,497
CLOSED LOOP VENTURE FD II LP   564,992 449,002
FIFTH WALL CLIMATE TECHNOLOGY   1,976,252 1,746,004
GROUNDFORCE GROWTH I LP (FKA P   2,199,924 2,754,050
INSIGHT HIDEAWAY AGGREGATOR, L   3,407,107 3,046,322
INSIGHT PARTNERS FUND XI FOLLO   2,908,852 3,296,063
INSIGHT PARTNERS XI, L.P   8,907,052 15,944,196
INSIGHT PARTNERS XII BUYOUT AN   8,434,534 13,130,108
INSIGHT PARTNERS XII, L.P   37,245,524 42,178,483
INSIGHT PARTNERS XIII (CLASS A   369,992 382,233
INSIGHT PTNRS XIII GROWTH BUYO   248,660 304,073
MAD CAPITAL PERENNIAL FUND II,   281,178 281,178
POWERHOUSE VENTURES FUND II LP   758,648 881,043
STARLIGHT VENTURES FUND II, LP   576,960 686,453
THE ENGINE FUND II, L.P.   510,367 601,869
THE ENGINE FUND III, L.P   147,141 144,211

TY 2024 LandEtcSchedule2
Name:
The Monarch Charitable Foundation
 
aka THE MONARCH FOUNDATION
EIN:
82-4278252
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
ALARM SYSTEM - 479 47,631 11,114 36,517 36,517
ALARM SYSTEM - 479 6,952 348 6,604 6,604
CONDO-479GREENWICH 4,337,117 222,416 4,114,701 4,337,117
CONDO IMP - 479 GR 3,399,265 94,424 3,304,841 3,304,841
CONDO IMP - 479 GR 141,947 607 141,340 141,341
LAND-479 GREENWICH 481,902   481,902 481,902
OFFICE FURNITURE 275,984 64,396 211,588 211,589
OFFICE FURNITURE 48,720 8,932 39,788 39,787


TY 2024 LoansFromOfficersSchedule
Name:
The Monarch Charitable Foundation
 
aka THE MONARCH FOUNDATION
EIN:
82-4278252

Item No. 1
Lender's Name MEGHA AGARWAL EXECUTIVE DIRECTOR
Lender's Title  
Original Amount of Loan 3394
Balance Due 0
Date of Note 2023-07
Maturity Date 2024-02
Repayment Terms PRINCIPAL ON MATURITY
Interest Rate 0.
Security Provided by Borrower NONE
Purpose of Loan TO MAKE GRANTS ON BEHALF OF FOUNDATION
Description of Lender Consideration CASH - $3,394
Consideration FMV  


TY 2024 OtherExpensesSchedule
Name:
The Monarch Charitable Foundation
 
aka THE MONARCH FOUNDATION
EIN:
82-4278252
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 53,988     53,988
Bank Charges 22 22    
Digital Subscriptions 359     359
Equipment Maintenance 2,553 898   1,655
Equipment/Furniture Purchase 2,113     2,113
Foundation Dues & Memberships 3,250     3,250
Insurance Premiums 17,926     17,926
K-1 Exp ACRE VENTURE PARTNERS 68,980 68,980    
K-1 Exp ACTIVATE CAPITAL PARTN 99,606 99,480    
K-1 Exp ACTIVATE CAPITAL PARTN 17,947 17,859    
K-1 Exp AGFUNDER FUND IV, L.P 85,230 85,230    
K-1 Exp AVESTA FUND I LP 34,605 34,605    
K-1 Exp BUOYANT VENTURES FUND 13,199 13,199    
K-1 Exp CLEAN ENERGY VENTURE F 77,097 77,097    
K-1 Exp CLOSED LOOP VENTURE FD 25,221 25,221    
K-1 Exp FIFTH WALL CLIMATE TEC 78,711 78,711    
K-1 Exp GROUNDFORCE GROWTH I L 126,514 126,514    
K-1 Exp INSIGHT HIDEAWAY AGGRE 261 261    
K-1 Exp INSIGHT PARTNERS FUND 16,385 16,385    
K-1 Exp INSIGHT PARTNERS XI, L 38,917 12,087    
K-1 Exp INSIGHT PARTNERS XII B 68,638 64,907    
K-1 Exp INSIGHT PARTNERS XII, 176,519 173,769    
K-1 Exp INSIGHT PARTNERS XIII 33,996 33,996    
K-1 Exp INSIGHT PTNRS XIII GRO 27,553 27,553    
K-1 Exp MAD CAPITAL PERENNIAL 5,966 5,966    
K-1 Exp POWERHOUSE VENTURES FU 56,691 56,691    
K-1 Exp STARLIGHT VENTURES FUN 21,594      
K-1 Exp THE ENGINE FUND II, L. 24,448 24,448    
K-1 Exp THE ENGINE FUND III, L 48,038 48,038    
Office Supplies 2,211     2,211
Postage/Delivery Service 155     155
State or Local Filing Fees 1,525     1,525
TRAINING & PROF DEVELOPMENT 2,300     2,300
Website Hosting/Support 225     225


TY 2024 OtherIncomeSchedule2
Name:
The Monarch Charitable Foundation
 
aka THE MONARCH FOUNDATION
EIN:
82-4278252
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 Inc/Loss ACRE VENTURE PARTNERS III, LP 436 436  
K-1 Inc/Loss ACTIVATE CAPITAL PARTNERS 2 LP 55,358 55,358  
K-1 Inc/Loss AGFUNDER FUND IV, L.P 20,636 20,636  
K-1 Inc/Loss AVESTA FUND I LP 4,589 4,589  
K-1 Inc/Loss BUOYANT VENTURES FUND I 1,237 1,237  
K-1 Inc/Loss CLEAN ENERGY VENTURE FUND II, LP 4,895 4,895  
K-1 Inc/Loss CLOSED LOOP VENTURE FD II LP 6,958 6,958  
K-1 Inc/Loss FIFTH WALL CLIMATE TECHNOLOGY FUND, 10,320 10,320  
K-1 Inc/Loss GROUNDFORCE GROWTH I LP (FKA POWERPL 7,860 7,860  
K-1 Inc/Loss INSIGHT HIDEAWAY AGGREGATOR, LP 642 642  
K-1 Inc/Loss INSIGHT PARTNERS FUND XI FOLLOW-ON F 3,002 3,002  
K-1 Inc/Loss INSIGHT PARTNERS XI, L.P 33,409 45,803  
K-1 Inc/Loss INSIGHT PARTNERS XII BUYOUT ANNEX FU -134,312 3,019  
K-1 Inc/Loss INSIGHT PARTNERS XII, L.P -145,383 13,040  
K-1 Inc/Loss INSIGHT PARTNERS XIII (CLASS A), LP 1,094 1,094  
K-1 Inc/Loss INSIGHT PTNRS XIII GROWTH BUYOUT FD 273 273  
K-1 Inc/Loss MAD CAPITAL PERENNIAL FUND II, LLC 15,163 15,163  
K-1 Inc/Loss POWERHOUSE VENTURES FUND II LP 6,824 6,824  
K-1 Inc/Loss STARLIGHT VENTURES FUND II, LP 1,174    
K-1 Inc/Loss THE ENGINE FUND II, L.P. 711 711  
K-1 Inc/Loss THE ENGINE FUND III, L.P 179 179  
property tax refund 14,806    


TY 2024 OtherProfessionalFeesSchedule
Name:
The Monarch Charitable Foundation
 
aka THE MONARCH FOUNDATION
EIN:
82-4278252
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administration of Foundation 6,500     6,500
Employee Recruiting/Temp Agenc 68,750     68,750
Investment Management Services 26,765 26,765    
PHILANTHROPIC CONSULTING SRVCS 29,333     29,333
Website Development 617     617


TY 2024 TaxesSchedule
Name:
The Monarch Charitable Foundation
 
aka THE MONARCH FOUNDATION
EIN:
82-4278252
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2024 107,800      
Foreign Tax Paid 637 637