The Monarch Charitable Foundation concentrates its giving on a flagship guaranteed-income initiative called the Bridge Project, funding both implementation and rigorous evaluation while making a handful of smaller, place‑based grants for urban greening and early‑childhood/sector support in the New York region. Grants are programmatic and outcome‑oriented (including a randomized controlled trial through an academic partner), with repeated multi‑year support to core partners and a few targeted community projects.
The Monarch Charitable Foundation aka The Monarch Foundation centers much of its giving on The Bridge Project, including a $6,828,866 general and unrestricted grant to Bridge Project Inc in 2025. That scale sets the tone for a portfolio built around guaranteed income, hardship assistance for low-income mothers, and evaluation of the program’s effects. The foundation also backs the research side of that work: Trustees of the University of Pennsylvania received support for randomized controlled trial design and evaluation tied to The Bridge Project, including a 2025 grant of $92,152 and earlier awards for the trial’s execution. Across the recent grants list, the foundation pairs large operating support with smaller, highly specific awards for implementation, data collection, and infrastructure. It is not limited to one channel, either. Alongside the Bridge Project, the foundation has made targeted grants for early childhood partnership funds, neighborhood tree and park projects, and selected climate-related local initiatives. The pattern is programmatic and outcome-oriented, with repeated support to core partners and a few place-based projects in New York City.
Guaranteed-income work is the clearest thread in the portfolio. The foundation gave $247,432 to Community Financial Resources in 2023 for The Bridge Project, followed by $233,089 the same year for The Bridge Project Year 1. It also funded Bridge Project Inc directly for operations, including a 2023 grant of $439,627 for a second phase of low-income mothers hardship assistance. Research is another distinct area: Trustees of the University of Pennsylvania received $60,362 in 2023 for execution of a randomized controlled trial to determine the impacts of guaranteed income on recipients’ health and well-being. Outside that core initiative, the foundation has supported early childhood partnership funds through a $50,000 grant to The New York Community Trust and neighborhood greening through awards to Bronx Is Blooming for the PLACE Program and related planting costs.
Typical grant size centers in the middle of a wide spread: p25 is $1,023, median is $15,000, and p75 is $61,435. The recent record shows both major operating support and very small infrastructure grants, including website hosting and updates for Bridge Project Inc. Recipients also reappear across multiple years, especially Bridge Project Inc, Trustees of the University of Pennsylvania, Horticultural Society of New York Inc, and Bronx Is Blooming, which points to recurring support rather than one-off awards. The foundation is a regular funder with a regional giving scope, funds individuals, and does not make program-related investments.
$7M
$109.2M
$14.7M
$9.1M
Most grants fall between $1K and $61K, with a median of $15K.
25th Percentile
$1K
Median
$15K
75th Percentile
$61K
About 0% of grants go to recipients in NY.
Top 2 recipient countries by grant volume for Monarch Charitable Foundation Aka the Monarch Foundation.
| Rank | Country | Grants | Total | Share |
|---|---|---|---|---|
| 1 | United StatesDomestic | 25 | $8.1M | 92.6% |
| 2 |
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Highly concentrated: a small number of large grants dominate total giving (one flagship initiative receives the majority of funds). The foundation makes repeat grants to the same core implementers and an academic evaluator, supplemented by modest, local place‑based grants and membership/support to sector intermediaries.
Notable grantees: BRIDGE PROJECT INC, COMMUNITY FINANCIAL RESOURCES, TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA, HORTICULTURAL SOCIETY OF NEW YORK INC, BRONX IS BLOOMING
Grant recipients are concentrated in the United States, with 25 grants there and 2 in Canada. California is the top state by grant count, reflecting multiple grants to Oakland-based Community Financial Resources. New York City is another major landing point, including recipients in New York, Bronx, and neighborhood-specific park projects such as Livonia and Nehemiah Park. Philadelphia appears in the evaluation work through the University of Pennsylvania, while Ottawa is represented by ICC Foundation Fondation ICC.
The recent record centers on guaranteed income through The Bridge Project, evaluation of that work through a randomized controlled trial, and smaller place-based grants for early childhood support, neighborhood greening, and climate-related local initiatives.
Yes. Trustees of the University of Pennsylvania received $92,152 in 2025, $61,435 in 2024, and $60,362 in 2023 for randomized controlled trial design and evaluation tied to The Bridge Project.
It is recurring for several core partners. Bridge Project Inc appears across 2024 and 2025, the University of Pennsylvania appears across 2023 to 2025, and Horticultural Society of New York Inc and Bronx Is Blooming also receive repeated support.
The distribution ranges from a p25 of $1,023 to a median of $15,000 and a p75 of $61,435, showing a mix of small infrastructure awards and larger programmatic grants.
Most grants go to U.S. recipients, with California as the top state by grant count. New York City and Philadelphia are also prominent, and there are two grants to recipients in Canada.
2025
Source: IRS Form 990-PF, fiscal year 2025.
| 2 |
| $30K |
7.4% |
Recipient country reflects the grantee's headquarters per IRS 990-PF and Schedule F filings, not the program's implementation country.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| BRIDGE PROJECT INC | NEW YORK, NY | $6,828,866 | 2025 | General & Unrestricted |
| TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA | PHILADELPHIA, PA | $92,152 | 2025 | for randomized controlled trial design and evaluation for The Bridge Project |
| HORTICULTURAL SOCIETY OF NEW YORK INC | NEW YORK, NY | $21,960 | 2025 | MonarchNehemiahPark24B Project |
| THIRD SECTOR NEW ENGLAND INC | BOSTON, MA | $17,000 | 2025 | ECFC The Monarch Foundation Membership 2025 |
| BRONX IS BLOOMING | BRONX, NY | $15,000 | 2025 | For PLACE Program 2024 |
| ICC FOUNDATION FONDATION ICC | OTTAWA, On | $15,000 | 2025 | For ICC's Climate work |
| HORTICULTURAL SOCIETY OF NEW YORK INC | NEW YORK, NY | $14,500 | 2025 | Monthly Routine Maintenance fund for the livoniapark24b project |
| INVISIBLE AMERICANS PODCAST INC | NEW YORK, NY | $10,000 | 2025 | General & Unrestricted |
| HORTICULTURAL SOCIETY OF NEW YORK INC | NEW YORK, NY | $8,000 | 2025 | For Nehemiah Park project |
| HORTICULTURAL SOCIETY OF NEW YORK INC | NEW YORK, NY | $6,000 | 2025 | NehemiahPark24A Project |
| HORTICULTURAL SOCIETY OF NEW YORK INC | NEW YORK, NY | $6,000 | 2025 | Park Clean Up fund for the LivoniaPark24A Project |
| HORTICULTURAL SOCIETY OF NEW YORK INC | NEW YORK, NY | $5,500 | 2025 | For Livonia Park project |
| BRIDGE PROJECT INC | NEW YORK, NY | $425 | 2025 | Update of Bridge website and 3 months of website hosting funds |
| MS FOUNDATION FOR WOMEN INC | BROOKLYN, NY | $250 | 2025 | General & Unrestricted |
| TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA | PHILADELPHIA, PA | $61,435 | 2024 | for randomized controlled trial design and evaluation for The Bridge Project |
| ICC FOUNDATION FONDATION ICC | OTTAWA, On | $15,000 | 2024 | general & unrestricted |
| BRONX IS BLOOMING | BRONX, NY | $12,371 | 2024 | To support the costs of the recent planting: PLACE Groups (full day), Place Groups (half day), supplies (mulch) |
| BRIDGE PROJECT INC | NEW YORK, NY | $3,544 | 2024 | General & Unrestricted |
| BRIDGE PROJECT INC | NEW YORK, NY | $175 | 2024 | Three months of website hosting fund and updates to website fund |
| BRIDGE PROJECT INC | NEW YORK, NY | $125 | 2024 | Updates to website fund |
| BRIDGE PROJECT INC | NEW YORK, NY | $75 | 2024 | Three months of website hosting fund |
| BRIDGE PROJECT INC | NEW YORK, NY | $439,627 | 2023 | second phase of low-income mothers hardship assistance program |
| COMMUNITY FINANCIAL RESOURCES | OAKLAND, CA | $247,432 | 2023 | The Bridge Project |
| COMMUNITY FINANCIAL RESOURCES | OAKLAND, CA | $233,089 | 2023 | The Bridge Project Year 1 |
| TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA | PHILADELPHIA, PA | $60,362 | 2023 | Monarch Foundation's Bridge Project - Execution of a randomized controlled trial to determine the impacts of guaranteed income on the overall health and well-being of recipients |
| THE NEW YORK COMMUNITY TRUST | NEW YORK, NY | $50,000 | 2023 | Early Childhood Partners NYC Funds - 2022 |
| CENTER AGAINST RAPE AND DOMESTIC VIOLENCE | CORVALLIS, OR | $1,023 | 2023 | general & unrestricted |
BRIDGE PROJECT INC
$6,828,866General & Unrestricted
for randomized controlled trial design and evaluation for The Bridge Project
BRONX IS BLOOMING
$15,000For PLACE Program 2024
ICC FOUNDATION FONDATION ICC
For ICC's Climate work
Monthly Routine Maintenance fund for the livoniapark24b project
INVISIBLE AMERICANS PODCAST INC
$10,000General & Unrestricted
Park Clean Up fund for the LivoniaPark24A Project
BRIDGE PROJECT INC
$425Update of Bridge website and 3 months of website hosting funds
for randomized controlled trial design and evaluation for The Bridge Project
ICC FOUNDATION FONDATION ICC
$15,000general & unrestricted
BRONX IS BLOOMING
$12,371To support the costs of the recent planting: PLACE Groups (full day), Place Groups (half day), supplies (mulch)
BRIDGE PROJECT INC
$3,544General & Unrestricted
BRIDGE PROJECT INC
$175Three months of website hosting fund and updates to website fund
BRIDGE PROJECT INC
$125Updates to website fund
BRIDGE PROJECT INC
$75Three months of website hosting fund
BRIDGE PROJECT INC
$439,627second phase of low-income mothers hardship assistance program
COMMUNITY FINANCIAL RESOURCES
$247,432The Bridge Project
COMMUNITY FINANCIAL RESOURCES
$233,089The Bridge Project Year 1
Monarch Foundation's Bridge Project - Execution of a randomized controlled trial to determine the impacts of guaranteed income on the overall health and well-being of recipients
CENTER AGAINST RAPE AND DOMESTIC VIOLENCE
$1,023general & unrestricted