The Corey Foundation is a private foundation based in Riverhead, New York. The organization was established in 1998 and operates as a 501(c)(3) tax-exempt entity.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$26.8M
+1.2% YoY
Annual Giving
$3.0M
+65.9% YoY
Grant Count
23
+0.0% YoY
Avg Grant Size
$131K
+65.9% YoY
Under IRS private-foundation payout rules, The Corey Foundation reported a distributable amount of $35K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's grant-making priorities include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Specific funding interests encompass charter schools, K-12 schools, Head Start programs, parent-teacher organizations, and community health initiatives.
Grantmaking
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $26,838,016
- Total Annual Giving: $3,002,099
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $26,838,016 | $26,530,643 | $26,276,630 |
| Revenue | $2,532,896 | $2,977,818 | $4,748,063 |
| Expenses | $3,040,648 | $1,896,199 | $5,301,613 |
| Qualifying Distributions | $3,002,849 | $1,810,382 | $5,215,677 |
| Net Investment Income | $2,435,265 | $2,692,033 | $3,577,756 |
| Distributable Amount | $35,403 | $1,564,413 | $1,704,777 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
102 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Peconic Bay Medical Center Foundation ($1,353,000), Peconic Land Trust ($1,000,000), Stony Brook Foundation ($227,599).
| Recipient | Purpose | Amount |
|---|---|---|
| BETH MORRISON PROJECTS BROOKLYN, NY | ARTS | $5,000 |
| BOWERY RESIDENTS' COMMITTEE (BRC) NEW YORK, NY | HOMELESSNESS | $10,000 |
| DOCTORS WITHOUT BORDERS NEW YORK, NY | HEALTH CARE | $10,000 |
| EAST END ARTS COUNCIL RIVERHEAD, NY | ARTS | $20,000 |
| EAST END HOSPICE WESTHAMPTON BEACH, NY | HEALTH CARE | $25,000 |
| GLIMMERGLASS OPERA COOPERSTOWN, NY | ARTS | $25,000 |
| LONG ISLAND CARES HAUPPAUGE, NY | HUMANITARIAN | $10,000 |
| MABEL MERCER FOUNDATION NEW YORK, NY | ARTS | $5,000 |
| MAUREEN'S HAVEN RIVERHEAD, NY | GENERAL | $25,000 |
| MUSICA SARCA NEW YORK, NY | ARTS/MUSIC | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Emilie Corey and Michael Corey are the founders and primary philanthropists behind the foundation. Emilie, a former geriatric social worker, serves as chair of the Peconic Bay Medical Center Foundation Board. The Coreys have been instrumental in establishing major healthcare initiatives on Long Island's East End, including the Pegasus House Palliative Care program and the Corey Critical Care Pavilion.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL COREY | TRUSTEE | 6 | — |
| EMILIE COREY | TRUSTEE | 3 | — |
Contact Information
Address: 2 Waterview Court, Riverhead, NY 11901-6312
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Corey Foundation fund?
The foundation's grant-making priorities include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services Specific funding interests encompass charter schools, K-12 schools, Head Start programs, parent-teacher organizations, and community health initiatives.
How do I apply for a grant from The Corey Foundation?
**Grant Amounts:** Typical awards range from $500 to $4,105,500. **Recent Activity:** The foundation awarded a $1,000 grant to the Riverhead Volunteer Ambulance Corps in 2023 for civic purposes. **Geographic Focus:** The foundation primarily supports organizations in New York, New Mexico, and the District of Columbia.
What size grants does The Corey Foundation award?
In 2024, The Corey Foundation awarded 23 grants totaling $3.0M — an average of about $131K per grant, based on its IRS Form 990 filings.
How much is The Corey Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Corey Foundation reported a distributable amount of $35K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Corey Foundation's EIN?
The Corey Foundation's EIN (Employer Identification Number) is 11-3453820. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Corey Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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