The W Foster and Mary L Gurley Memorial Fdn
The W Foster and Mary L Gurley Memorial Fdn is a private foundation, based in RALEIGH, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $288K in total assets. In 2024, it awarded 1 grants totaling $16K. Net investment income was $11K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$288K
-1.5% YoY
Annual Giving
$16K
-0.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$16K
-0.0% YoY
Under IRS private-foundation payout rules, The W Foster and Mary L Gurley Memorial Fdn reported a distributable amount of $16K for 2024 — the minimum it must pay out in qualifying distributions.
About The W Foster and Mary L Gurley Memorial Fdn
Based on IRS filings
The W Foster and Mary L Gurley Memorial Fdn is a private foundation, based in RALEIGH, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $288K in total assets. In 2024, it awarded 1 grants totaling $16K. Net investment income was $11K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $288,243 | $292,558 | $317,971 |
| Revenue | $20,591 | $-529 | $11,835 |
| Expenses | $25,006 | $24,892 | $27,421 |
| Qualifying Distributions | $16,000 | $16,004 | $18,632 |
| Net Investment Income | $11,258 | — | $3,544 |
| Distributable Amount | $16,375 | $15,261 | $16,004 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lenoir Community College ($16,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LENOIR COMMUNITY COLLEGE KINSTON, NC | FOR SCHOLAR FELLOWSHIPS | $16,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FIRST CITIZENS BANK | TRUSTEE | 40 | $8,169 |
Frequently Asked Questions
How large is The W Foster and Mary L Gurley Memorial Fdn?
As of 2024, The W Foster and Mary L Gurley Memorial Fdn holds $288K in total assets with $21K in annual revenue. It awarded 1 grants totaling $16K in 2024.
Where does The W Foster and Mary L Gurley Memorial Fdn operate?
The W Foster and Mary L Gurley Memorial Fdn has awarded grants in North Carolina.
What size grants does The W Foster and Mary L Gurley Memorial Fdn award?
In 2024, The W Foster and Mary L Gurley Memorial Fdn awarded 1 grants totaling $16K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is The W Foster and Mary L Gurley Memorial Fdn required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The W Foster and Mary L Gurley Memorial Fdn reported a distributable amount of $16K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The W Foster and Mary L Gurley Memorial Fdn's EIN?
The W Foster and Mary L Gurley Memorial Fdn's EIN (Employer Identification Number) is 56-6118129. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.