Our Team

The Monarch Foundation is a private family foundation based in New York City working boldly to scale simple & inclusive solutions to some of our society’s toughest problems.


Holly Fogle, Co-Principal

Social entrepreneur. Farm girl turned New Yorker. Dog lover. Champion for the voiceless and vulnerable - including Mother Earth. Voracious reader. Mom to two teenagers. Tireless warrior for a better world.

Holly Fogle grew up on a farm in the Appalachian foothills where she witnessed the power of a community of women. Currently, Holly is the co-Founder and co-Executive Director of Nido de Esperanza (Nest of Hope) in New York City where she spends her time working with immigrant families and their young children living in poverty. Holly is also the co-founder of The Bridge Project, New York City’s first direct cash program, designed to support babies living in poverty with unconditional cash during the first 1,000 days of their lives. And, like any good entrepreneur, Holly's next impact project is still in stealth mode.  Her philanthropy focuses on the intersections of women and trust.

Whenever possible, she avoids board seats, galas, naming rights, and restricted giving. She relishes authentic one-on-one conversations with people trying to change their corner of the world.

She graduated from The Wharton School and was a senior partner at McKinsey & Company, where she worked for 13 years serving healthcare clients. She ran McKinsey’s New Jersey Office and served on their global partner selection committee.


Jeff Lieberman, Co-Principal

Investor. Believer in the power of markets to do good. And to do harm. Nets fan from the beginning. Jersey boy. Defender of the ocean. Proud water polo and soccer dad. Weekend gardener. Friend of all sentient beings. Deeply comfortable in silence.

Jeff Lieberman has spent the last 24 years at Insight Partners where he has seen the enormous power of people and ideas to disrupt the world. He has had a courtside seat watching and working with some of the world’s best entrepreneurs build teams and technology and scale innovation. He has worked over two decades to scale Insight, the world’s largest growth-oriented software investment firm.

He brings this experience and insatiable curiosity to the world of philanthropy.  His favorite questions: How do we simplify? How do we scale? How do we disrupt? How do we find the right people and trust them to change the world?  It is a privilege to be on this journey.

He serves on the board of numerous private and public companies and has led investments in such companies as Qualtrics, DeliveryHero, HelloFresh, and Udemy. Jeff has received numerous industry awards including being selected by AlwaysOn as a Venture Capital 100 winner, by Forbes as a member of the Midas List, and by GrowthCap as a top 5 software investor.

He graduated from the University of Pennsylvania's Jerome Fisher Program in Management & Technology and lives in downtown NYC with his family. 


Megha Agarwal, Executive Director

Advocate of others. California girl at heart. Avid movie-goer. Data lover. Believer in togetherness and human connection. Skin-care obsessed. Disruptive thinker for a brighter tomorrow.

Megha Agarwal is the Executive Director at The Monarch Foundation. She oversees foundation operations and all portfolios – including Monarch’s pregnancy & early childhood grantmaking portfolio and its climate grantmaking and investment portfolios. Megha is also the co-founder and Executive Director of The Bridge Project, New York City’s first guaranteed income program, designed to support new, low-income mothers with unconditional cash during the first 1,000 days of their babies’ lives. The Bridge Project’s first and second phases are fully funded by The Monarch Foundation.

Megha represents the foundation on the Steering Committee of the Early Childhood Partners NYC Collaborative, in the Early Childhood Funders Collaborative, and in the CREO Syndicate.

Prior to joining Monarch, Megha worked at McKinsey & Company where she served social sector and philanthropic clients, as well as consumer and retail clients.

Megha graduated from the University of Pennsylvania with a BS from The Wharton School and a certificate degree in Public Policy, and is a current member of South Asian Ladies Unite to Empower (SALUTE).


Caroline Noble, Director, Climate Initiatives and Investments

Happiest with hands in the soil. Functional medicine advocate. Member of the qi field. Superfan of small-scale agriculture and John Prine. Puts salt on everything.

Caroline Noble is the Director of Climate Initiatives and Investments at The Monarch Foundation. She manages the foundation’s climate work, including its climate grantmaking and investment portfolios, and leads the incubation of The Monarch Foundation’s climate and sustainability-focused special projects across New York City.

Prior to her time at Monarch, Caroline spent two years on farms across California, Nevada, and Vermont studying regenerative agriculture and learning from farmers. She received her BA in Regenerative Biology from Harvard College, where she served as captain of the women’s heavyweight crew team and explored the best running routes along the Charles River.

Caroline enjoys reading cookbooks, hiking, biking, and keeping tabs on her younger sister.


Paula Filipe, Executive Assistant

Jersey girl at heart. Dual citizen. Dog lover. Proud mother of twin girls. Fighting to make the world a better place.

Paula Filpe is the Executive Assistant at The Monarch Foundation. She grew up in Portugal and moved to New Jersey when she was 11 years old.

Prior to joining The Monarch Foundation, Paula worked at McKinsey & Company, where she worked for 23 years as an executive assistant to Senior Partners. In her spare time she helped organize office events.

Paula lives in New Jersey and enjoys going to the beach, reading, biking, gardening and spending time with family and friends.