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Monastery Foundation is a private corporation based in CHICAGO, IL. The foundation received its IRS ruling in 2022. It holds total assets of $17.8M. Annual income is reported at $3.8M. Total assets have grown from $1M in 2021 to $17.8M in 2024. The foundation is governed by 3 officers and trustees. Purchase of assets including real estate properties and artwork for use in future educational displays to the public, archiving works and historical data with respect to artists of color, and the creation of collaboration spaces and artist-in-residence locations to support the arts and developing artists. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2024. According to available records, Monastery Foundation has made 1 grants totaling $25K, with a median grant of $25K. Grant recipients are concentrated in District of Columbia. Contributions to this foundation are tax-deductible.
Purchase of assets including real estate properties and artwork for use in future educational displays to the public, archiving works and historical data with respect to artists of color, and the creation of collaboration spaces and artist-in-residence locations to support the arts and developing artists.
Expenses: $4.9M
Purchase of assets including real estate properties and artwork for use in future educational displays to the public, archiving works and historical data with respect to artists of color, and the creation of collaboration spaces and artist-in-residence locations to support the arts and developing artists. Based on available records, the foundation has funded 1 grants. Its grantmaking reaches organizations primarily in DC.
Monastery Foundation has distributed a total of $25K across 1 grants. The median grant size is $25K, with an average of $25K. Individual grants have ranged from $25K to $25K.
Monastery Foundation typically selects its grantees rather than accepting unsolicited proposals.
Monastery Foundation is headquartered in CHICAGO, IL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Theaster Gates | PRESIDENT | $0 | $0 | N/A |
| Emma German | SECRETARY | $0 | $0 | N/A |
| Troy Carter | DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$17.8M
Fair Market Value
N/A
Net Worth
$16.3M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
1
Total Giving
$25K
Average Grant
$25K
Median Grant
$25K
Unique Recipients
1
Most Common Grant
$25K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Hirschhorn Museum And Sculpture GardenGENERAL CHARITABLE/EDUCATIONAL | Washington, DC | $25K | 2022 |