Located at an altitude of 565 m on a rocky spur at the foot of Mount Serrone, it overlooks the Valle Umbra.

The abbey was founded by the Benedictines around 1070, probably by one Mainhard coming from Santa Maria di Sitria.

The abbey was based on an existing castle of the Monaldi family, on a site probably used in ancient times by the Umbri as sanctuary.

In 1138 its possession extended from Rome (the basilica of Santi Quattro Coronati) to Perugia, Spoleto and Camerino.

In 1979, the Bishop of Foligno entrusted the abbey to the community of the Little Brothers of Jesus Caritas who continue to live there.