Private Foundation

Underdown Family Foundation

Underdown Family Foundation is a private foundation categorized as Private Foundation based in Hickory, NC. Its most recent IRS filing (2024) reports revenue of $111K, expenses of $82K, total assets of $1.2M. Imperigo tracks 114 reported grants from this foundation totaling approximately $506K.

EIN: 561827986 Hickory, NC Latest filing: 2024

Total Revenue$111K

Total Expenses$82K

Total Assets$1.2M

Grants Given114

Grant Total$506K

Filing Years2020–2024

Sample Grants Given

Catawba Science Center Inc

Hickory, NC · 2024

Planetarium Projection System

$10,000

Habitat for Humanity of Catawba

Hickory, NC · 2024

Homeownership Program - Ridgeview Community

$10,000

Carolina Caring Inc

Newton, NC · 2024

Caring for Children Battling Serious Illness

$5,000

First Presbyterian Church

Hickory, NC · 2024

Good Samaritan Fund

$5,000

Hickory Museum of Art Inc

Hickory, NC · 2024

Educational Programming

$3,500

Showing up to 5 of 114 total records — full history available with membership.

Officers & Directors

VICE PRESIDENT David Underdown

PRESIDENT Parks Underdown Iii

TREASURER Steve Underdown

SECRETARY Susan U Geck

Officer compensation and complete director data available with membership.

Top Grant Purposes

GENERAL PURPOSE

$375,739 78 grants

Planetarium Projection System

$20,000 2 grants

Caring for Children Battling Serious Illness

$12,500 2 grants

Homeownership Program - Ridgeview Community

$10,000 1 grant

Good Samaritan Fund

$10,000 2 grants

Financial Trends

Year	Revenue	Expenses	Assets
2024	$111K	$82K	$1.2M
2023	$52K	$81K	$1.2M
2022	$85K	$89K	$1.2M
2021	$103K	$89K	$1.2M
2020	$83K	$87K	$1.2M

Between 2020 and 2024, reported annual revenue grew from $83K to $111K (+34%), with total assets most recently reported at $1.2M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in NC, SC.

NCSC

Full geographic grant map with state-by-state breakdown available with membership.

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