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Underdown Family Foundation Inc. is a private corporation based in HICKORY, NC. The foundation received its IRS ruling in 1994. The principal officer is Parks C Underdown Jr. It holds total assets of $1.2M. Annual income is reported at $779K. Total assets have grown from $857K in 2011 to $1.2M in 2023. The foundation is governed by 4 officers and trustees. Tax records are available from 2017 to 2023. Grantmaking is concentrated in North Carolina. According to available records, Underdown Family Foundation Inc. has made 79 grants totaling $348K, with a median grant of $4K. The foundation has distributed between $65K and $143K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $143K distributed across 32 grants. Individual grants have ranged from $1K to $15K, with an average award of $4K. The foundation has supported 34 unique organizations. Grants have been distributed to organizations in North Carolina and South Carolina. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$4K
Average Grant
$4K
Largest Grant
$10K
Based on 16 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Underdown Family Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 79 grants. Its grantmaking reaches organizations primarily in NC, SC.
Underdown Family Foundation Inc. has distributed a total of $348K across 79 grants. The median grant size is $4K, with an average of $4K. Individual grants have ranged from $1K to $15K.
The application deadline is APPLICATIONS MUST BE SUBMITTED BY APRIL 30TH TO BE REVIEWED AT THE SUMMER GRANT MEETING.. Must qualify as 501(c)(3) and applications must be submitted through the online grant application form. Grants preference may be given to education, faith-based work, and health & health services. An application form is available on the foundation's website.
Underdown Family Foundation Inc. is headquartered in HICKORY, NC. While based in NC, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Parks Underdown Iii | PRESIDENT | $0 | $0 | N/A |
| David Underdown | VICE PRESIDENT | $0 | $0 | N/A |
| Steve Underdown | TREASURER | $0 | $0 | N/A |
| Susan U Geck | SECRETARY | $0 | $0 | N/A |
Total Giving
$81K
Total Assets
$1.2M
Fair Market Value
$1.4M
Net Worth
$1.2M
Grants Paid
$65K
Contributions
N/A
Net Investment Income
$40K
Distribution Amount
$66K
Total: $1.1M
Total Grants
79
Total Giving
$348K
Average Grant
$4K
Median Grant
$4K
Unique Recipients
34
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| First Presbyterian ChurchGood Samaritan Fund | Hickory, NC | $5K | 2023 |
| Catawba Science Center IncPlanetarium Projection System | Hickory, NC | $10K | 2023 |
| Carolina Caring IncCaring for Children Battling Serious Illness | Newton, NC | $8K | 2023 |
| American Red CrossHome Fire Campaign | Hickory, NC | $5K | 2023 |
| Hickory Museum Of Art IncEducational Programming | Hickory, NC | $5K | 2023 |
| Rising Hope Farms IncTherapeutic Riding | Claremont, NC | $4K | 2023 |
| Habitat For Humanity Of CatawbaNeighborhood Revitalization | Hickory, NC | $4K | 2023 |
| Catawba County Council On AgingWest Hickory Senior Center | Hickory, NC | $4K | 2023 |
| Hart Square Foundation IncPreserving History through Education and Arts | Vale, NC | $3K | 2023 |
| Second Harvest Food Bank Of MetrolinaFood for Mobile Pantry in Catawba County | Charlotte, NC | $3K | 2023 |
| Williams PlaceGeneral Purpose | Black Mountain, NC | $3K | 2023 |
| Pregnancy Care Center Of CatawbaMaternal Health and Wellness | Hickory, NC | $3K | 2023 |
| Big House Family MinistryTrauma Informed Attachment Aware Child Care | Lenoir, NC | $3K | 2023 |
| Catawba County Partnership For ChildrenOur Nest Diaper Pantry | Hickory, NC | $3K | 2023 |
| Children'S Cancer Partners Of The CarolinasHickory Childhood Cancer Safety Net | Spartanburg, SC | $2K | 2023 |
| Hospitality HouseRoom Subsidies for Hickory Families | Hickory, NC | $2K | 2023 |
| Girls On The RunGeneral Purpose | Charlotte, NC | $1K | 2023 |
| Habitat For Humanity Of Catawba CountyGENERAL PURPOSE | Hickory, NC | $8K | 2022 |
| Ymca Of Catawba ValleyGENERAL PURPOSE | Hickory, NC | $5K | 2022 |
| American National Red CrossGENERAL PURPOSE | Hickory, NC | $5K | 2022 |
| Safe Harbor Rescue Mission IncGENERAL PURPOSE | Hickory, NC | $5K | 2022 |
| Neighbors Network IncGENERAL PURPOSE | Conover, NC | $4K | 2022 |
| Western Piedmont SymphonyGENERAL PURPOSE | Hickory, NC | $3K | 2022 |
| Pregnancy Care Center Of Catawba ValleyGENERAL PURPOSE | Hickory, NC | $3K | 2022 |
| Council On Adolescents Of Catawba County IncGENERAL PURPOSE | Hickory, NC | $3K | 2022 |
| Cool Kids CampaignGENERAL PURPOSE | Huntersville, NC | $3K | 2022 |
| Women'S Resource Center IncGENERAL PURPOSE | Hickory, NC | $1K | 2022 |