By which I mean, following Bôrger's paper Coproducts and Ultrafilters, the terminal monad among those that preserve finite coproducts, if such a thing can be constructed.
So far, what I have is, given a (small) category $\mathscr{C}$, define the category $\beta\mathscr{C}$ by first letting its objects be ultrafilters on $\text{Ob}\mathscr{C}$ and letting its morphisms be ultrafilters on $\text{Mor}\mathscr{C}$.
We let the source and target of a given ultrafilter of morphisms $\mathfrak{f}$ be, respectively, $$\mathfrak{X}=\{X\subseteq\text{Ob}\mathscr{C}\mid s^{-1}[X]∈\mathfrak{f}\}$$ and $$\mathfrak{Y}=\{Y\subseteq\text{Ob}\mathscr{C}\mid t^{-1}[Y]∈\mathfrak{f}\},$$ where $s$ and $t$ are the source and target maps, and letting the identity on a given ultrafilter of objects $\mathfrak{X}$ be $$\mathfrak{id}_\mathfrak{X}=\{F\subseteq\text{Mor}\mathscr{C}\mid i^{-1}[F]\in\mathfrak{X}\}$$ where $i$ is the map that sends objects to the identity morphisms on them.
Now, given two ultrafilters of morphisms $\mathfrak{f}:\mathfrak{X}\rightarrow\mathfrak{Y}$ and $\mathfrak{g}:\mathfrak{Y}\rightarrow\mathfrak{Z}$, we have that for any $F\in\mathfrak{f}$ and $G\in\mathfrak{g}$, both $t(F)$ and $s(G)$ are elements of $\mathfrak{Y}$, since $F⊆t^{-1}(t(F))$ and $G⊆s^{-1}(s(G))$ imply that $t^{-1}(t(F))\in 𝖋$ and $s^{-1}(s(G))∈𝖌$, right.
Thus, fairly straightforwardly, if we define a composite $𝖌∘𝖋$ by $$𝖌∘𝖋 = \{ H ⊆ \text{Mor}\mathscr{C} \mid ∃ F ∈ 𝖋, G ∈ 𝖌: ∀ f∈F, g∈G, ~~s(g)=t(f) \Rightarrow g∘f∈H\},$$ the result we get is at least a proper filter.
I get stuck, however, in trying to show that $\frak{g}\circ\frak{f}$ is actually still an ultrafilter.
It certainly is when $𝖋$ and $𝖌$ are principal? But, I'm having trouble here.
If this does work I think the proof in that paper should lift fairly painlessly to showing that this monad is also terminal among coproduct preserving monads.