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GORHAM, ME

Blue Horizons Foundation

Quick Facts

EIN
874102295
Location
GORHAM, ME
Category
Philanthropy & Grantmaking
Total Assets
$239.7M
Annual Income
$101M
IRS Ruling Year
2022
Organization Type
Trust
Principal Officer
% Kathleen Mcdonough
Tax Deductibility
Contributions are deductible

About This Foundation

Blue Horizons Foundation is a private trust based in GORHAM, ME. The foundation received its IRS ruling in 2022. The principal officer is % Kathleen Mcdonough. It holds total assets of $239.7M. Annual income is reported at $101M. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.

View 990 Filings

Financial Overview

Total Giving

$1.8M

2023+9898%

Total Assets

$146.2M

2023+93%

Fair Market Value

$149.4M

2023

Net Worth

$146.2M

2023

Grants Paid

$545K

2023

Contributions

$69.9M

2023

Net Investment Income

$8.2M

2023

Distribution Amount

$4.5M

2023

Total Giving by Year

$18K
22
$1.8M
23

Asset Growth

$5M
21
$75.6M
22
$146.2M
23

Investment Portfolio (2023)

Total: $0

Other Investments: $11.6M
Cash: $134.6M
Other Investments (8%)
Cash (92%)

Expense Breakdown (2023)

Grants Paid$545K
Interest$290K

Revenue Sources (2023)

Contributions
$69.9M
Capital Gains (Net)
$5.4M
Dividends
$4M
Interest
$4K

Financial Details (2023)

Total Revenue
$79.2M
Total Expenses
$1.8M
Exempt Purpose Expenses
$545K
Required Distribution
$4.5M
Undistributed Income
$4.5M
Total Liabilities
$1
Excise Tax
$113K

Foundation Classification (2023)

Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings

990-PF Filings

Tax PeriodReturn TypeView
2023-12990PFView Filing
2022-12990PFView Filing
2021-12990PFView Filing

Filings sourced from IRS e-file index. View all on ProPublica

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