David R Hayworth Foundation

Foundation · Grantmaker Winston Salem, NC EIN: 58-1705607

The David R Hayworth Foundation is a private, independent foundation based in Winston Salem, North Carolina. Established in 1986, it operates as a 501(c)(3) tax-exempt organization dedicated to philanthropic grantmaking.

Key facts about David R Hayworth Foundation

EIN: 58-1705607
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $2,627,500
Grants made (2024): 32
Average grant: $82,109
Median grant: $5,000
Total assets: $47,173,918
Primary geography: North Carolina (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who David R Hayworth Foundation funds

By grant dollars, the top recipient states for David R Hayworth Foundation's 32 itemized 2024 grants were North Carolina (100%). The most frequent recipient cities were High Point, NC (14 grants) and Winstonsalem, NC (14 grants). 25% of grants with a stated purpose were for general or operating support. Recurring purposes include "Discretionary Grant" (16 grants).

How David R Hayworth Foundation gives

31% of 2024 grantees were also funded in 2023. Method
Giving grew 772% from 2021 to 2024. Method
In 2024 it paid out 80% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized IRS Form 990-PF grant lists (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Next steps with David R Hayworth Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$47.2M

+9.7% YoY

Annual Giving

$2.6M

+422.9% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$82K

+161.4% YoY

Under IRS private-foundation payout rules, David R Hayworth Foundation reported a distributable amount of $3.4M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's primary funding focus areas include:

Education
Philanthropy, Voluntarism & Grantmaking
Human Services
Arts and the Arts Access & Participation
Historic Buildings

Grantmaking

Grant Range

s:** Typical awards range from $500 to $1,000,000.

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Geographic Focus

Where this funder awards grants

The foundation primarily directs its grantmaking toward North Carolina and New Jersey.

Grant Distribution by State

North Carolina $2.6M (100%)

New Jersey $500 (0%)

Share of all 32 itemized 2024 grant dollars.

States

North Carolina New Jersey

Cities

High PointWinston SalemGreensboroBlowing RockCharlotteKingPrinceton

Financial History

Multi-year comparison from IRS filings

Total Assets: $47,173,918 (as of 2024)

Total Giving: $2,627,500 (2024)

Revenue: $2.36 million (2023)

Expenses: $919,000 (2023)

Total Assets: $43 million (2023)

Total Liabilities: $0 (2023)

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$47,173,918	$43,010,403	$41,658,116
Revenue	$7,340,807	$2,359,233	$39,608,156
Expenses	$3,177,292	$918,922	$627,809
Qualifying Distributions	$2,738,945	$567,879	$576,959
Net Investment Income	$5,102,945	$2,035,641	$956,611
Distributable Amount	$3,443,847	$2,786,956	$569,849

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

73 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include High Point Regional Health Fdn ($1,005,000 across 2 grants), D-up Basketball Fundamentals & ($450,000), High Point Arts Council ($400,000).

Recipient	Purpose	Amount
HIGH POINT REGIONAL HEALTH FDN High Point, NC	FAMILY FIRST CAMPAIGN	$1,000,000
D-UP BASKETBALL FUNDAMENTALS & High Point, NC	GENERAL SUPPORT	$450,000
HIGH POINT ARTS COUNCIL High Point, NC	GENERAL SUPPORT	$400,000
PENNYBYRN High Point, NC	GENERAL SUPPORT	$200,000
HIGH POINT COMMUNITY FOUNDATION High Point, NC	LITERACY INITIATIVE	$100,000
COMMANDER PEACE ACADEMY INC High Point, NC	GENERAL SUPPORT	$100,000
HIGH POINT COMMUNITY FOUNDATION High Point, NC	NIDO & MARIANA QUBEIN CHILDREN'S MUS	$82,500
ARTS COUNCIL WINSTON-SALEM FORSYTH Winstonsalem, NC	GENERAL SUPPORT	$75,000
HIGH POINT PRESERVATION SOCIETY High Point, NC	OAKWOOD CEMETERY REPAIRS	$65,000
SENIOR RESOURCES OF GUILFORD Greensboro, NC	GENERAL SUPPORT	$50,000

Leadership & Key People

Leadership team and compensation from IRS filings

Elizabeth L Quick is listed as a contact person associated with the foundation.

David R Hayworth Foundation is led by Elizabeth L. Quick, President since 2023 (on filings since 2020); all 3 officers listed in 2024 are compensated.

Officers on the 2024 filing

Elizabeth L. Quick

President

Vice President → President, 2023

On filings since 2020

8 hrs/week

$13K (2023) → $25K (2024)
Deborah Hayworth

Director

On filings since 2023

1 hr/week

$25K (2024)
Linwood L. Davis

Vice President

On filings since 2020

1 hr/week

$13K (2023) → $25K (2024)

Former officers (1)

Former: David R. Hayworth (2020–2022) — President & D

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Contact Information

Address: 1 W 4th St Ste 1200, Winston Salem, NC 27101-3972

Telephone: 336-721-3638

Frequently Asked Questions

What does David R Hayworth Foundation fund?

The foundation's primary funding focus areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Arts and the Arts Access & Participation • Historic Buildings

How do I apply for a grant from David R Hayworth Foundation?

**Grant Sizes:** Typical awards range from $500 to $1,000,000. **Annual Giving:** The foundation distributed $2,627,500 in total giving based on the most recent IRS 990 filing (2024).

Where does David R Hayworth Foundation make grants?

The foundation primarily directs its grantmaking toward North Carolina and New Jersey.

What size grants does David R Hayworth Foundation award?

In 2024, David R Hayworth Foundation awarded 32 grants totaling $2.6M — an average of about $82K per grant, based on its IRS Form 990 filings.

How much is David R Hayworth Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, David R Hayworth Foundation reported a distributable amount of $3.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.