The North Carolina State Capitol in Raleigh behind a flowering crape myrtle

Form 990-PFTax year 2025EIN 56-1827986

Underdown Family Foundation

A private foundation in Hickory, NC. Its return for tax year 2025 lists 22 grants and $66,000 paid in grants.

Tax year 2025 (period ending Dec 31, 2025), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Accepts applications

The return gives an application contact and rules, as below.

Contact
Debra Romano
Wells Fargo Bank 320 Broad Street 4, th Floor
Charleston, SC 29401
(843) 724-4000
Form and materials
www.wellsfargo.com/private-foundations/underdown-family-foundation/
Deadlines
Applications must be submitted by april 30th to be reviewed at the summer grant meeting.
Restrictions
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.

Assets and giving by year

8 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2025

    $66,000

    Grants listed
    22
    Assets, end of year
    $1,235,203
  • Tax year 2024

    $65,000

    Grants listed
    19
    Assets, end of year
    $1,201,617
  • Tax year 2023

    $65,000

    Grants listed
    17
    Assets, end of year
    $1,170,110
  • Tax year 2022

    $71,500

    Grants listed
    16
    Assets, end of year
    $1,198,808
  • Tax year 2021

    $70,000

    Grants listed
    15
    Assets, end of year
    $1,203,161
  • Tax year 2020

    $70,000

    Grants listed
    15
    Assets, end of year
    $1,188,997
  • Tax year 2019

    $65,089

    Grants listed
    15
    Assets, end of year
    $1,192,605
  • Tax year 2018

    $56,500

    Grants listed
    8
    Assets, end of year
    $1,220,301

Grants paid in 2025

22 grants, largest first

As listed on the return.

  1. Habitat for Humanity of CatawbaHickory, NC

    Habitat Home Repairs

    $10,000
  2. Carolina Caring IncNewton, NC

    Caring for Children Battling Serious Illness

    $6,500
  3. First Presbyterian ChurchHickory, NC

    Good Samaritan Fund

    $5,000
  4. Hart Square Foundation IncVale, NC

    Cultural Heritage Education Opportunities

    $5,000
  5. Hickory Museum of Art IncHickory, NC

    Educational Programming

    $5,000
  6. The Western Piedmont SymphonyHickory, NC

    Explore The Orchestra Program

    $5,000
  7. Cakeable CharlotteMatthews, NC

    Job Training for an Individual with I/DD

    $3,000
  8. Council on Adolescents of CatawbaHickory, NC

    Lunch Buddy Mentoring Program

    $2,500
  9. Catawba County Council on AgingHickory, NC

    West Hickory Senior Center

    $2,000
  10. Children's Cancer Partners of the CarolinasSpartanburg, SC

    Hickory Childhood Cancer Safety Net

    $2,000
  11. Pregnancy Care Center of CatawbaHickory, NC

    Perinatal Mental Health

    $2,000
  12. Rising Hope Farms IncClaremont, NC

    Building Repairs

    $2,000
  13. Safe Harbor of NC IncHickory, NC

    Operating Support

    $2,000
  14. American Red CrossSpringfield, MO

    Disaster Services

    $2,000
  15. Exodus Outreach FoundationHickory, NC

    Restoring Homes

    $2,000
  16. Greater Hickory CooperativeHickory, NC

    Nutrition Plus

    $2,000
  17. North Carolina School for the DeafMorganton, NC

    Strobe Alerts for Deaf Residents

    $2,000
  18. Women's Resource CenterHickory, NC

    Operating Support

    $2,000
  19. Hospitality HouseHickory, NC

    Room Subsidies for Hickory Families

    $1,000
  20. Shining Hope FarmsCharlotte, NC

    Conover Farm Therapy Services Program

    $1,000
  21. Hickory Public Schools Band BoostersHickory, NC

    New Utility Trailer Fund

    $1,000
  22. Hospitality House of CharlotteCharlotte, NC

    Overnight Lodging PRG to Healthcare Equity

    $1,000

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Human services4 grants $12,50028% of the total
  2. Arts and culture2 grants $10,00022% of the total
  3. Health3 grants $5,00011% of the total
  4. Philanthropy and grantmaking1 grant $5,00011% of the total
  5. Mental health2 grants $4,0009% of the total
  6. Education2 grants $3,0007% of the total
  7. 2 other causes2 grants $5,00011% of the total

By State

Grants to organizations with a US address, latest year.

  1. North Carolina20 grants $62,000
  2. Missouri1 grant $2,000
  3. South Carolina1 grant $2,000

Officers, directors and trustees

4 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Parks Underdown IIIPresident Hours 1Pay $0
  • David UnderdownVice President Hours 1Pay $0
  • Steve UnderdownTreasurer Hours 1Pay $0
  • Susan U GeckSecretary Hours 1Pay $0

The return

More foundations

Similar foundations

Same main cause (human services), giving between a quarter and four times this foundation’s where possible, nearby first.

  1. Harold and Margaret Deal FoundationHickory, NC 10 grants Accepts applications $40,000 giving
  2. McHenry Foundation IncTryon, NC 3 grants Preselected only $67,000 giving
  3. Wilson FoundationStatesville, NC 19 grants Accepts applications $60,800 giving
  4. The LendingTree FoundationCharlotte, NC 190 grants Preselected only $72,660 giving
  5. Keys Open Doors Foundation IncCarolina Beach, NC 34 grants Accepts applications $73,470 giving