Underdown Family Foundation Inc

Organization Overview

Underdown Family Foundation Inc is located in Hickory, NC. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Underdown Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Underdown Family Foundation Inc generated $84.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $89.5k during the year ending 12/2022. While expenses have increased by 8.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Underdown Family Foundation Inc has awarded 78 individual grants totaling $375,739. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $37,399
Net Rental Income$0
Net Gain on Sale of Assets $47,334
Capital Gain Net Income $47,334
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $84,733

Grants Awarded

Over the last fiscal year, Underdown Family Foundation Inc has awarded $71,500 in support to 16 organizations.

Grant RecipientAmount

CATAWBA SCIENCE CENTER INC

Org PageRecipient Profile

Hickory, NC

PURPOSE: GENERAL PURPOSE

$10,000

CAROLINA CARING INC

Org PageRecipient Profile

Newton, NC

PURPOSE: GENERAL PURPOSE

$10,000

HABITAT FOR HUMANITY OF CATAWBA COUNTY

PURPOSE: GENERAL PURPOSE

$8,000

AMERICAN NATIONAL RED CROSS

PURPOSE: GENERAL PURPOSE

$5,000

YMCA OF CATAWBA VALLEY

Org PageRecipient Profile

Hickory, NC

PURPOSE: GENERAL PURPOSE

$5,000

HICKORY MUSEUM OF ART INC

Org PageRecipient Profile

Hickory, NC

PURPOSE: GENERAL PURPOSE

$5,000
View Grant Profile

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