Harold and Margaret Deal Foundation
The Harold and Margaret Deal Foundation is a private foundation based in Hickory, North Carolina. Its 2025 filing reports grants to organizations in North Carolina, with the filing stating a primary interest in North Carolina organizations and activities.
Harold and Margaret Deal Foundation at a glance
In short: Harold and Margaret Deal Foundation gave $40K across 10 grants in 2025 (avg $4K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $40,000
- +15.9% vs 2024
- Grants made (2025)
- 10
- +25.0% vs 2024
- Average grant
- $4,000
- -7.2% vs 2024
- Median grant
- $3,000
- Total assets
- $404,233
- +9.1% vs 2024
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Harold and Margaret Deal Foundation
- Accepts unsolicited proposals
- Yes
- How to Apply
-
The foundation does not restrict giving to preselected organizations and accepts unsolicited requests. Its filing lists a letter as the application material, names Suzanne Wells as the contact, and states no deadlines. The filing says the foundation’s primary interest is in North Carolina organizations and activities.
- Contact
Application contact: Suzanne Wells
Mailing address: 945 18Th Ave Cir Nw, Hickory, NC 28601
Phone: (828) 310-5002
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Harold and Margaret Deal Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was YMCA of Catawba Valley ($10K). Together the top 10 received $40K.
Grant Size Distribution
33 grants across all recorded years
The most common grant size was under $50K: 33 grants of 33 (100%).
Geographic Focus
Where this funder awards grants
The foundation’s 2025 filing states a primary interest in North Carolina organizations and activities. All reported 2025 grant dollars went to recipients in North Carolina.
Grant Distribution by State
Share of 2025 grant dollars across all 10 itemized grants.
States
Cities
How Harold and Margaret Deal Foundation gives
- 70% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−2%). Method
- In 2025 it paid out 115% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $25K (2020) to $41K (2022). In 2025 it made 10 grants totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| YMCA of Catawba Valley Hickory, NC | Assistance with Operational Expenditures | $10,000 |
| Hickory Choral Society Hickory, NC | Contribution to Endowment Fund | $5,000 |
| Earlierorg Greensboro, NC | Kaley Named Grant | $5,000 |
| Hart Square Foundation Vale, NC | Assistance with Operational Expenditures | $3,000 |
| Piedmont Council BSA Gastonia, NC | Assistance with Operational Expenditures | $3,000 |
| Safe Harbor of NC Hickory, NC | Assistance with Operational Expenditures | $3,000 |
| Salt Block Foundation Hickory, NC | Assistance with Operational Expenditures | $3,000 |
| Catawba County Partnership for Children Hickory, NC | Assistance with Operational Expenditures | $3,000 |
| John Locke Foundation Raleigh, NC | Assistance with Operational Expenditures | $3,000 |
| First Presbyterian Church Hickory, NC | Assistance with Operational Expenditures | $2,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $404,233 | $55,760 | $47,120 | $40,000 | 10 | $40,000 | $49,751 | $34,785 |
| 2024 | $370,593 | $62,322 | $39,550 | $34,500 | 8 | $34,500 | $58,368 | $32,684 |
| 2023 | $371,321 | $41,211 | $36,030 | $30,500 | 7 | $30,500 | $37,565 | $28,679 |
| 2022 | $342,640 | $35,240 | $46,585 | $41,000 | 6 | $41,000 | $29,655 | $28,764 |
| 2021 | $353,985 | $34,347 | $32,379 | $27,000 | 2 | $27,000 | $28,968 | $31,950 |
| 2020 | $352,017 | $23,459 | $30,215 | $25,000 | 10 | — | $18,244 | $26,030 |
Under IRS private-foundation payout rules, Harold and Margaret Deal Foundation reported a distributable amount of $35K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants included support for organizations whose own stated work includes music performance and education, services for people experiencing homelessness and others in need, children’s kindergarten readiness, and preservation of historic structures and regional crafts. For example, Hickory Choral Society says its mission is to transform lives through performance and music education; Safe Harbor of NC says it provides a faith-based community and services for people experiencing homelessness, single mothers, people in recovery, and others in need; Catawba County Partnership for Children says it works to prepare children for lifelong success; and Hart Square Foundation says it preserves and shares historic log structures and regional crafts.
Grantmaking
In 2025, the foundation gave $40,000 through 10 grants. Grants ranged from $2,000 to $10,000, with a median grant of $3,000. Its largest reported grants were $10,000 to YMCA of Catawba Valley for operational expenditures; $5,000 to Hickory Choral Society for its endowment fund; and $5,000 to Earlier.org for the Kaley Named Grant. It also gave $3,000 each to Hart Square Foundation, Piedmont Council BSA, Safe Harbor of NC, Salt Block Foundation, Catawba County Partnership for Children, and John Locke Foundation, and $2,000 to First Presbyterian Church.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Suzanne D Wells as president and Andrew Wells Jr as secretary.
Harold and Margaret Deal Foundation is led by Suzanne D. Wells, President on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Suzanne D. Wells
President
On filings since 2020
5 hrs/week
No compensation reported
Andrew Wells Jr.
Secretary
On filings since 2020
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Harold and Margaret Deal Foundation
How much does Harold and Margaret Deal Foundation give each year?
Harold and Margaret Deal Foundation gave $40K across 10 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $35K across 8 grants.
What is Harold and Margaret Deal Foundation's typical grant size?
Harold and Margaret Deal Foundation's median grant in 2025 was $3,000, and its average grant was $4,000, across 10 grants on its 2025 IRS Form 990-PF.
Where does Harold and Margaret Deal Foundation give grants?
Harold and Margaret Deal Foundation gives mostly in North Carolina: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Hickory, NC (6 grants).
Does Harold and Margaret Deal Foundation give general operating support?
Yes: 80% of Harold and Margaret Deal Foundation's 2025 grants with a stated purpose (8 of 10) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Harold and Margaret Deal Foundation's largest grantees?
Harold and Margaret Deal Foundation's largest 2025 grantees include YMCA of Catawba Valley ($10,000), Hickory Choral Society ($5,000) and Earlierorg ($5,000), according to its 2025 IRS Form 990-PF. Together they received 50% of its itemized 2025 grant dollars.
How large is Harold and Margaret Deal Foundation?
Harold and Margaret Deal Foundation reported $404K in total assets on its 2025 IRS Form 990-PF. It paid out $40K in qualifying distributions that year, against a required minimum of $35K (roughly 5% of its investment assets).
What does Harold and Margaret Deal Foundation fund?
No mission statement for the foundation is provided. See mission & focus areas ↑
How do I apply for a grant from Harold and Margaret Deal Foundation?
The foundation does not restrict giving to preselected organizations and accepts unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2020–2025.
Does Harold and Margaret Deal Foundation accept unsolicited proposals?
Yes, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 2, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 4, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
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