Harold and Margaret Deal Foundation
Harold and Margaret Deal Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HICKORY, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $371K in total assets. In 2024, it awarded 8 grants totaling $35K. Net investment income was $58K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$371K
-0.2% YoY
Annual Giving
$35K
+13.1% YoY
Grant Count
8
+14.3% YoY
Avg Grant Size
$4K
-1.0% YoY
Under IRS private-foundation payout rules, Harold and Margaret Deal Foundation reported a distributable amount of $33K for 2024 — the minimum it must pay out in qualifying distributions.
About Harold and Margaret Deal Foundation
Based on IRS filings
Harold and Margaret Deal Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HICKORY, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $371K in total assets. In 2024, it awarded 8 grants totaling $35K. Net investment income was $58K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $370,593 | $371,321 | $342,640 |
| Revenue | $62,322 | $41,211 | $35,240 |
| Expenses | $39,550 | $36,030 | $46,585 |
| Qualifying Distributions | $34,500 | $30,500 | $41,000 |
| Net Investment Income | $58,368 | $37,565 | $29,655 |
| Distributable Amount | $32,684 | $28,679 | $28,764 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
33 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Samaritan's Purse ($10,000), Ymca of Catawba Valley ($10,000), Hickory Choral Society ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FIRST PRESBYTERIAN CHURCH HICKORY, NC | ASSISTANCE WITH OPERATIONAL EXPENDITURES | $2,000 |
| HART SQUARE FOUNDATION VALE, NC | ASSISTANCE WITH OPERATIONAL EXPENDITURES | $1,000 |
| HICKORY CHORAL SOCIETY HICKORY, NC | PROVIDE FUNDS TO COVER COST OF INTERIM MANAGING DIRECTOR FOR SIX MONTHS | $6,000 |
| PIEDMONT COUNCIL BSA GASTONIA, NC | ASSISTANCE WITH OPERATIONAL EXPENDITURES | $1,500 |
| SAFE HARBOR OF NC HICKORY, NC | ASSISTANCE WITH OPERATIONAL EXPENDITURES | $2,000 |
| SALT BLOCK FOUNDATION HICKORY, NC | ASSISTANCE WITH OPERATIONAL EXPENDITURES | $2,000 |
| SAMARITAN'S PURSE BOONE, NC | DISASTER RELIEF | $10,000 |
| YMCA OF CATAWBA VALLEY HICKORY, NC | ASSISTANCE WITH OPERATIONAL EXPENDITURES | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SUZANNE D WELLS | PRESIDENT | 5 | — |
| ANDREW WELLS JR | SECRETARY | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Harold and Margaret Deal Foundation?
Harold and Margaret Deal Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HICKORY, NC. It holds $371K in total assets as of 2024.
How large is Harold and Margaret Deal Foundation?
As of 2024, Harold and Margaret Deal Foundation holds $371K in total assets with $62K in annual revenue. It awarded 8 grants totaling $35K in 2024.
Where does Harold and Margaret Deal Foundation operate?
Harold and Margaret Deal Foundation has awarded grants in North Carolina.
What size grants does Harold and Margaret Deal Foundation award?
In 2024, Harold and Margaret Deal Foundation awarded 8 grants totaling $35K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Harold and Margaret Deal Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Harold and Margaret Deal Foundation reported a distributable amount of $33K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Harold and Margaret Deal Foundation's EIN?
Harold and Margaret Deal Foundation's EIN (Employer Identification Number) is 56-1896328. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Harold and Margaret Deal Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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