The Maurice J Koury Foundation Inc

Foundation · Grantmaker BURLINGTON, NC EIN: 56-1781568

The Maurice J Koury Foundation Inc is a private foundation based in Burlington, North Carolina. Established in 1991, the foundation operates as a family foundation with a focus on philanthropic giving in education, human services, and related areas.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$8.0M

-5.6% YoY

Annual Giving

$730K

+16.8% YoY

Grant Count

+16.7% YoY

Avg Grant Size

$104K

+0.1% YoY

Under IRS private-foundation payout rules, The Maurice J Koury Foundation Inc reported a distributable amount of $449K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's primary funding focuses on:

Education
Philanthropy, Voluntarism & Grantmaking
Human Services
Science and STEM Education
Obesity Prevention

Grantmaking

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Geographic Focus

Where this funder awards grants

The foundation primarily supports organizations in:

North Carolina
Wisconsin
Alabama

Grant Distribution by State

North Carolina $4.6M (100%)

Massachusetts $500 (0%)

States

Massachusetts North Carolina

Cities

BurlingtonChapel HillElonHopkintonRaleighWilmington

Financial History

Multi-year comparison from IRS filings

Total Assets: $7,415,824

Total Annual Giving: $845,000

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$7,996,835	$8,474,496	$8,720,672
Revenue	$333,608	$469,417	$488,811
Expenses	$811,269	$715,593	$1,023,239
Qualifying Distributions	$730,000	$625,000	$800,000
Net Investment Income	$306,175	$386,170	$459,508
Distributable Amount	$448,745	$422,577	$470,133

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Grant Size Distribution

35 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include The Educational Foundation Inc ($350,000), Nc Hall of Fame ($100,000), Blessed Sacrament Church ($100,000).

Recipient	Purpose	Amount
NC HALL OF FAME CHAPEL HILL, NC	TO SUPPORT THE GENERAL FUND	$100,000
PUBLIC ED WORKS RALEIGH, NC	TO SUPPORT THE GENERAL FUND	$10,000
BLESSED SACRAMENT CHURCH BURLINGTON, NC	TO SUPPORT THE OPERATIONS OF THE CHURCH.	$100,000
BLESSED SACRAMENT SCHOOL BURLINGTON, NC	TO SUPPORT SCHOLARSHIPS AND THE OPERATIONS OF THE SCHOOL.	$100,000
CHRISTMAS CHEER OF ALAMANCE COUNTY BURLINGTON, NC	TO SUPPORT THE GENERAL FUND	$10,000
ELON UNIVERSITY ELON, NC	TO SUPPORT THE GENERAL SCHOLARSHIP FUND AND THE TRUITT CENTER FOR SPIRITUAL LIFE.	$60,000
THE EDUCATIONAL FOUNDATION INC CHAPEL HILL, NC	TO FUND SCHOLARSHIPS AND THE MEDIA AND COMMUNICATIONS CENTER.	$350,000

Leadership & Key People

Leadership team and compensation from IRS filings

The foundation is connected to Maurice J. Koury, a Burlington native born to Lebanese immigrant parents. Koury graduated from the University of North Carolina at Chapel Hill in 1949 with a B.A. in chemistry and went on to become president of Carolina Hosiery Mills, Inc. His business interests expanded to include hotel and commercial property development.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ANN KIRKPATRICK KOURY	PRESIDENT/SECRETARY	1	—
MILTOM E PETTY	TREASURER/DIRECTOR	4	$50,000

Contact Information

Address: PO Box 850, Burlington, NC 27216-0850

Telephone: 336-570-2129

Frequently Asked Questions

What does The Maurice J Koury Foundation Inc fund?

The foundation's primary funding focuses on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Science and STEM Education • Obesity Prevention

How do I apply for a grant from The Maurice J Koury Foundation Inc?

**Grant Amounts:** Typical awards range from $5,000 to $470,000. **Annual Giving:** The foundation distributed $845,000 in total giving based on the most recent IRS Form 990 filing (2025).

Where does The Maurice J Koury Foundation Inc make grants?

The foundation primarily supports organizations in: • North Carolina • Wisconsin • Alabama

What size grants does The Maurice J Koury Foundation Inc award?

In 2024, The Maurice J Koury Foundation Inc awarded 7 grants totaling $730K — an average of about $104K per grant, based on its IRS Form 990 filings.

How much is The Maurice J Koury Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Maurice J Koury Foundation Inc reported a distributable amount of $449K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Maurice J Koury Foundation Inc's EIN?

The Maurice J Koury Foundation Inc's EIN (Employer Identification Number) is 56-1781568. IRS Form 990 filing data is available on this page for 2020–2024.