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Maurice J Koury Foundation Inc. is a private corporation based in BURLINGTON, NC. The foundation received its IRS ruling in 1992. It holds total assets of $7.4M. Annual income is reported at $833K. Total assets have grown from $1.7M in 2010 to $8.5M in 2022. The foundation is governed by 2 officers and trustees. 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, Maurice J Koury Foundation Inc. has made 35 grants totaling $4.7M, with a median grant of $50K. Annual giving has decreased from $1.6M in 2020 to $625K in 2023. Individual grants have ranged from $500 to $1.1M, with an average award of $135K. The foundation has supported 10 unique organizations. Grants have been distributed to organizations in North Carolina and Massachusetts. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$60K
Average Grant
$114K
Largest Grant
$500K
Based on 7 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.
Maurice J Koury Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 35 grants. Its grantmaking reaches organizations primarily in NC, MA.
Maurice J Koury Foundation Inc. has distributed a total of $4.7M across 35 grants. The median grant size is $50K, with an average of $135K. Individual grants have ranged from $500 to $1.1M.
Maurice J Koury Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Maurice J Koury 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 | TREASURER/DIRECTOR | $50K | $0 | $50K |
| Ann Kirkpatrick Koury | PRESIDENT/SECRETARY | $0 | $0 | N/A |
Total Giving
$716K
Total Assets
$8.5M
Fair Market Value
$8.5M
Net Worth
$8.5M
Grants Paid
$625K
Contributions
N/A
Net Investment Income
$386K
Distribution Amount
$423K
Total Grants
35
Total Giving
$4.7M
Average Grant
$135K
Median Grant
$50K
Unique Recipients
10
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Blessed Sacrament SchoolTO SUPPORT SCHOLARSHIPS AND THE OPERATIONS OF THE SCHOOL. | Burlington, NC | $100K | 2023 |
| The Educational Foundation IncTO FUND SCHOLARSHIPS AND THE MEDIA AND COMMUNICATIONS CENTER. | Chapel Hill, NC | $350K | 2023 |
| Blessed Sacrament ChurchTO SUPPORT THE OPERATIONS OF THE CHURCH. | Burlington, NC | $100K | 2023 |
| Elon UniversityTO SUPPORT THE GENERAL SCHOLARSHIP FUND | Elon, NC | $60K | 2023 |
| Salvation Army Boys & Girls ClubTO SUPPORT THE GENERAL FUND | Burlington, NC | $10K | 2023 |
| Christmas Cheer Of Alamance CountyTO SUPPORT THE GENERAL FUND | Burlington, NC | $5K | 2023 |
| Glow AcademyTO SUPPORT THE GENERAL FUND | Wilmington, NC | $50K | 2022 |
| Higher Education Works FoundationTO SUPPORT THE GENERAL FUND | Raleigh, NC | $5K | 2022 |
| The Burlington SchoolGENERAL FUND | Burlington, NC | $25K | 2021 |
| Boston Athletic AssociationGENERAL FUND | Hopkinton, MA | $500 | 2020 |