The Maurice J Koury Foundation Inc
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
7
+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.
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
States
Cities
Financial History
Multi-year comparison from IRS filings
Total Assets: $7,415,824
Total Annual Giving: $845,000
| 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.
Explore Open Grants
Browse active grant opportunities in The Maurice J Koury Foundation Inc'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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