//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Horizon Foundation Inc. is a private corporation based in GRUNDY, VA. The foundation received its IRS ruling in 2003. The principal officer is David M Shanahan. It holds total assets of $15.2M. Annual income is reported at $3.3M. Total assets have grown from $1M in 2011 to $16.1M in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of education. Tax records are available from 2016 to 2023. According to available records, Horizon Foundation Inc. has made 60 grants totaling $1.9M, with a median grant of $17K. The foundation has distributed between $909K and $1M annually from 2021 to 2022. Individual grants have ranged from $470 to $330K, with an average award of $32K. The foundation has supported 36 unique organizations. The foundation primarily supports organizations in Virginia, Kentucky, West Virginia, which account for 97% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$13K
Average Grant
$32K
Largest Grant
$330K
Based on 32 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Horizon Foundation Inc. primarily funds organizations in the area of education. Based on available records, the foundation has funded 60 grants. Its grantmaking reaches organizations primarily in VA, KY, WV.
Horizon Foundation Inc. has distributed a total of $1.9M across 60 grants. The median grant size is $17K, with an average of $32K. Individual grants have ranged from $470 to $330K.
Horizon Foundation Inc. is a private foundation. To inquire about grants, you can look up the foundation using their EIN (542043359) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.
Horizon Foundation Inc. is headquartered in GRUNDY, VA. While based in VA, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John Groseclose | PRESIDENT/TR | $0 | $0 | N/A |
| Lois Shanahan | SECRETARY | $0 | $0 | N/A |
Total Giving
$1.6M
Total Assets
$16.1M
Fair Market Value
$17.8M
Net Worth
$16.1M
Grants Paid
$1.2M
Contributions
$400K
Net Investment Income
$275K
Distribution Amount
$849K
Total Grants
60
Total Giving
$1.9M
Average Grant
$32K
Median Grant
$17K
Unique Recipients
36
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Buchanan First Presbyterian ChurchSCHOLARSHIP FUND | Grundy, VA | $330K | 2021 |
| Appalachian College Of PharmacySCHOLARSHIP | Oakwood, VA | $99K | 2022 |
| Boysgirls Club Of Central AppalachUNRESTRICTED | Grundy, VA | $70K | 2022 |
| Kentucky Christian UniversitySCHOLARSHIP | Grayson, KY | $50K | 2022 |
| Grundy BaptistUNRESTRICTED | Grundy, VA | $50K | 2022 |
| Vansant Church Of ChristUNRESTRICTED | Vansant, VA | $50K | 2022 |
| Virginia Maryland College Of VeterSCHOLARSHIP | Blacksburg, VA | $40K | 2022 |
| Emory & Henry CollegeSCHOLARSHIP | Emory, VA | $32K | 2022 |
| Liberty UniversitySCHOLARSHIP | Lynchburg, VA | $25K | 2022 |
| University Of PikevilleSCHOLARSHIP | Pikeville, KY | $25K | 2022 |
| Svcc Book StoreSCHOLARSHIP | Cedar Bluff, VA | $7K | 2022 |
| Bluefield State CollegeSCHOLARSHIP | Bluefield, WV | $3K | 2022 |
| Radford UniversitySCHOLARSHIPS | Radford, VA | $3K | 2022 |
| Buchanan County Youth IncUNRESTRICTED | Grundy, VA | $1K | 2022 |
| SwccSCHOLARSHIPS | Richlands, VA | $470 | 2022 |
| Appalachian Teen ChallengeUNRESTRICTED | Princeton, WV | $30K | 2021 |
| Tookland Pentecostal ChurchUNRESTICTED | Grundy, VA | $25K | 2021 |
| Uva WiseSCHOLARSHIP | Wise, VA | $25K | 2021 |
| Bluefield CollegeSCHOLARSHIP | Bluefield, VA | $19K | 2021 |
| Ross Medical Education CenterSCHOLARSHIP | Charleston, WV | $16K | 2021 |
| Princeton First UmcUNRESTRICTED | Princeton, WV | $15K | 2021 |
| Mountian Mission SchoolUNRESTRICTED | Grundy, VA | $15K | 2021 |
| Highlands FellowshipUNRESTRICTED | Abingdon, VA | $15K | 2021 |
| Mathena CenterUNRESTRICTED | Princeton, WV | $10K | 2021 |
| Delmar Mary OsborneHELP WITH LOSS OF HOME DUE TO FIRE | Grundy, VA | $10K | 2021 |
| Virginia Tech FoundationSCHOLARSHIPS | Blacksburg, VA | $10K | 2021 |
| Concord UniversitySCHOLARSHOPS | Athens, WV | $10K | 2021 |
| Wvu FoundationSCHOLARSHIPS | Morgantown, WV | $10K | 2021 |
| Back Pack BlessingsUNRESTRICTED | Grundy, VA | $10K | 2021 |