Combine warm water & pinch of sugar in small bowl
Sprinkle yeast over top - stir
Let yeast mixture sit approx 5-10 minutes - it should look frothy when done
Place shortening, warm milk, sugar, salt & egg in mixer bow with dough hook attachment - mix on medium
Add yeast mixture & mix well
Slowly add flour - kneading on medium for about 1-3 minutes
Place in a greased bowl - cover & let sit in a warm place to rest about 20 minutes
Spray your bundt pan with cooking spray
Now make the coating by melting the butter in one small bowl
In another small bowl combine remaining coating ingredients & mix with a fork
Sprinkle a small portion of this mixture in the bottom of the bundt pan
When dough is done resting - pinch off ½ -1 inch pieces & roll into balls
Dunk each ball of dough in melted butter & then roll in sugar & spice mixture & place in bundt pan
Continue until all the dough is coated
Cover with plastic wrap & let rise about 1 hour or until double in size
Preheat oven to 350 degrees
Bake monkey bread 30-35 minutes
Allow to cool in pan at least 30 minutes
Invert onto plate to remove
Make icing by combining all ingredients & whisking until smooth
Drizzle over the top of the bread or use as a dipping sauce