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Ernest A Koury Family Foundation Inc. is a private corporation based in BURLINGTON, NC. The foundation received its IRS ruling in 2004. The principal officer is Richard J Tuggle. It holds total assets of $2.8M. Annual income is reported at $379K. Total assets have grown from $94K in 2010 to $2.9M in 2022. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in North Carolina. According to available records, Ernest A Koury Family Foundation Inc. has made 40 grants totaling $543K, with a median grant of $8K. Annual giving has grown from $226K in 2021 to $317K in 2022. Individual grants have ranged from $1K to $50K, with an average award of $14K. The foundation has supported 18 unique organizations. Grants have been distributed to organizations in North Carolina and New York. Contributions to this foundation are tax-deductible.
Smallest Grant
$4K
Median Grant
$8K
Average Grant
$13K
Largest Grant
$40K
Based on 12 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Ernest A Koury Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 40 grants. Its grantmaking reaches organizations primarily in NC, NY.
Ernest A Koury Family Foundation Inc. has distributed a total of $543K across 40 grants. The median grant size is $8K, with an average of $14K. Individual grants have ranged from $1K to $50K.
Ernest A Koury Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Ernest A Koury Family Foundation Inc. is headquartered in BURLINGTON, NC. While based in NC, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Miltom E Petty | SEC/TREAS/DIRECTOR | $0 | $0 | N/A |
| Ernest A Koury Jr | VICE PRESIDENT/DIRECTOR | $0 | $0 | N/A |
| Bradford A Koury | VICE PRESIDENT/DIRECTOR | $0 | $0 | N/A |
| Teena M Koury | VICE PRESIDENT/DIRECTOR | $0 | $0 | N/A |
Total Giving
$170K
Total Assets
$2.9M
Fair Market Value
$2.9M
Net Worth
$2.9M
Grants Paid
$155K
Contributions
N/A
Net Investment Income
$107K
Distribution Amount
$145K
Total: $196K
Total Grants
40
Total Giving
$543K
Average Grant
$14K
Median Grant
$8K
Unique Recipients
18
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Nc Marine & Estuary FoundationTO AID IN ORGANIZATION'S PROGRAMS. | Raleigh, NC | $40K | 2022 |
| Nc State Veterinary Medical FoundationEDUCATION AND TO FUND SCHOLARSHIPS. | Raleigh, NC | $25K | 2022 |
| Elon UniversityEDUCATION AND TO FUND SCHOLARSHIPS. | Elon, NC | $25K | 2022 |
| The Burlington SchoolEDUCATION. | Burlington, NC | $15K | 2022 |
| Burlington Christian AcademyTO AID IN ORGANIZATION'S PROGRAMS. | Burlington, NC | $15K | 2022 |
| Salvation Army Boys & Girls ClubTO AID IN ORGANIZATION'S PROGRAMS. | Burlington, NC | $10K | 2022 |
| Pet Adoption And Welfare SocietyTO AID IN ORGANIZATION'S PROGRAMS. | Burlington, NC | $5K | 2022 |
| Western Alamance High SchoolTO AID IN ORGANIZATION'S PROGRAMS. | Elon, NC | $5K | 2022 |
| Alamance Regional Charitable FoundationTO AID IN ORGANIZATION'S PROGRAMS. | Burlington, NC | $5K | 2022 |
| Positive Attitude Youth CenterTO AID IN ORGANIZATION'S PROGRAMS. | Burlington, NC | $5K | 2022 |
| Alamance County Silent Witness Program CrimestoppersTO AID IN ORGANIZATION'S PROGRAMS. | Burlington, NC | $5K | 2022 |
| Peg'S PjsTO AID IN ORGANIZATION'S PROGRAMS. | Burlington, NC | $4K | 2022 |
| North Carolina Wildlife Habitat FoundationTO AID IN ORGANIZATION'S PROGRAMS. | Greensboro, NC | $25K | 2021 |
| Blessed Sacrament ChurchTO AID IN ORGANIZATION'S PROGRAMS. | Graham, NC | $13K | 2021 |
| Alamance-Burlington School System Elon Elementary Garden FundTO AID IN ORGANIZATION'S PROGRAMS. | Burlington, NC | $5K | 2021 |
| Western Alamance Zone Band BoostersTO AID IN ORGANIZATION'S PROGRAMS. | Elon, NC | $5K | 2021 |
| Ralph Scott LifeservicesTO AID IN ORGANIZATION'S PROGRAMS. | Burlington, NC | $2K | 2021 |
| Leukemia & Lymphoma SocietyTO AID IN ORGANIZATION'S PROGRAMS. | Rye Brook, NY | $1K | 2021 |