We examined, using thermoanalytical methods, the effects of $2000^{circ}C$ heat-treated graphite powders and heating rate of cure after impregnation on the thermal stability and carbon yield of furfuryl alcohol, which is frequently used not only as an impregnant but also as a matrix precursor for carbon fiber-reinforced carbon composites. It was founded that the addition of 30wt% graphite powders to furfuryl alcohol and the heating rate of $35^{circ}C$/min showed the highest thermal stability of furfuryl alcohol/graphite powder mixture. The carbon yield above $1000^{circ}C$ was enhanced more than 10% in comparison with the absence of graphite powders. It would be expected that this result can contribute to some extent to reduce the repeating number of processing cycle (carbonization-impregnation-cure-re-carbonization) required to densify a carbonaceous composite.