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Dr Rustom And Mary Khouri Foundation is a private corporation based in WESTLAKE, OH. The foundation received its IRS ruling in 1999. It holds total assets of $23K. Annual income is reported at $5K. FOUNDATION SERVES THE ROLE OF INTERMEDIARY IN PROVING A HOME TO AN INDIGENT FAMILY. ANY EXPENSES PAID ARE OFFSET BY A REIMBURSEMENT FROM THE CLEVELAND METROPOLITION HOUSING AUTHORITY WHICH IS PROVIDING A BENEFIT TO THE BENEFICIAL OWNER OF THE HOME DIRECTLY TO THE FOUNDATION SINCE IT HOLDS LEGAL TITLE TO THE PROPERTY. THE INCOME IS REPORTED ON A 1099 BY THE CMHA, BUT TRULY REPRESENTS AN EXPENSE OFFSET SINCE THE FOUNDATION OWNS THE HOME IN NAME ONLY ON BEHALF OF THE BENEFICIAL OWNER. THE EXPENSES PAID ARE RELATED TO THE HOME AT 1509 WAGAR AVENUE, LAKEWOOD, OH AND NET TO $0 IN 2023 AFTER REFLECTING THE REIMBURSEMENT. According to available records, Dr Rustom And Mary Khouri Foundation has made 16 grants totaling $525K, with a median grant of $265. Annual giving has decreased from $268K in 2020 to $7K in 2022. Individual grants have ranged from $25 to $250K, with an average award of $33K. The foundation has supported 9 unique organizations. Grant recipients are concentrated in Ohio. Contributions to this foundation are tax-deductible.
PROVIDE SHELTER FOR INDIGENT FAMILY:EXPENSES PAID TO MAINTAIN 1509 WAGAR AVENUE HOUSE
FOUNDATION SERVES THE ROLE OF INTERMEDIARY IN PROVING A HOME TO AN INDIGENT FAMILY. ANY EXPENSES PAID ARE OFFSET BY A REIMBURSEMENT FROM THE CLEVELAND METROPOLITION HOUSING AUTHORITY WHICH IS PROVIDING A BENEFIT TO THE BENEFICIAL OWNER OF THE HOME DIRECTLY TO THE FOUNDATION SINCE IT HOLDS LEGAL TITLE TO THE PROPERTY. THE INCOME IS REPORTED ON A 1099 BY THE CMHA, BUT TRULY REPRESENTS AN EXPENSE OFFSET SINCE THE FOUNDATION OWNS THE HOME IN NAME ONLY ON BEHALF OF THE BENEFICIAL OWNER. THE EXPENSES PAID ARE RELATED TO THE HOME AT 1509 WAGAR AVENUE, LAKEWOOD, OH AND NET TO $0 IN 2023 AFTER REFLECTING THE REIMBURSEMENT. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in OH.
Dr Rustom And Mary Khouri Foundation has distributed a total of $525K across 16 grants. The median grant size is $265, with an average of $33K. Individual grants have ranged from $25 to $250K.
Dr Rustom And Mary Khouri Foundation typically selects its grantees rather than accepting unsolicited proposals.
Dr Rustom And Mary Khouri Foundation is headquartered in WESTLAKE, OH.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Albert Adams | TRUSTEE | $0 | $0 | $0 |
| Mary Khouri | PRESIDENT | $0 | $0 | $0 |
| Rustom Khouri | SECRETARY | $0 | $0 | $0 |
Total Giving
$13K
Total Assets
$23K
Fair Market Value
$23K
Net Worth
$23K
Grants Paid
$6K
Contributions
$7K
Net Investment Income
$2
Distribution Amount
$1K
Total Grants
16
Total Giving
$525K
Average Grant
$33K
Median Grant
$265
Unique Recipients
9
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The TurnGENERAL OPERATIONS | North Olmsted, OH | $150 | 2022 |
| The Sovereign Order Of St John Of Jerusalem Knights HospitallerGENERAL OPERATIONS | Cleveland, OH | $3K | 2022 |
| St LadislasGENERAL OPERATIONS | Westlake, OH | $265 | 2022 |
| St Marons ChurchGENERAL OPERATIONS | Cleveland, OH | $100 | 2022 |
| University HospitalsGENERAL OPERATIONS | Westlake, OH | $250K |
WOODBRIDGE, NJ
NORFOLK, NE
LOS GATOS, CA
EAST YAPHANK, NY
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2015 | 990PF | View |
| 2021 |
| St Maron ChurchGENERAL OPERATIONS | Independence, OH | $25K | 2020 |
| James Burdon 5k (Southwest General Health Center)GENERAL OPERATIONS | Middleburg Heights, OH | $3K | 2020 |
| St Ann ChurchGENERAL OPERATIONS | Cleveland Heights, OH | $100 | 2020 |
| Holy Trinity ChurchGENERAL OPERATIONS | Avon, OH | $25 | 2020 |
DUBLIN, OH
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