Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 07-01-2020 , and ending 06-30-2021
Name of foundation
Horizon Foundation Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)100 Commercial Street No 315
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Portland, ME04101
A Employer identification number

23-2867116
B Telephone number (see instructions)

(207) 773-5101
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$29,351,529J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 2,000 2,000  
4 Dividends and interest from securities... 477,106 477,106  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,938,390
b Gross sales price for all assets on line 6a 6,735,160
7 Capital gain net income (from Part IV, line 2)... 1,938,390
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 2,417,496 2,417,496  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 26,616 0   26,616
14 Other employee salaries and wages...... 48,993 0   48,993
15 Pension plans, employee benefits....... 4,800 0   4,800
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,450 3,270   2,180
c Other professional fees (attach schedule).... Click to see attachment 91,183 91,183   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 11,773 0   3,671
19 Depreciation (attach schedule) and depletion... 7,290 0  
20 Occupancy.............. 16,389 0   16,389
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 10,796 0   10,796
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 223,290 94,453   113,445
25 Contributions, gifts, grants paid....... 1,135,000 1,135,000
26 Total expenses and disbursements. Add lines 24 and 25 1,358,290 94,453   1,248,445
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,059,206
b Net investment income (if negative, enter -0-) 2,323,043
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 15,942 46,125 46,125
2 Savings and temporary cash investments......... 819,394 933,640 933,640
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet50,000
Less: allowance for doubtful accounts bullet0 0 50,000 50,000
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 20,078,837 Click to see attachment26,473,496 26,473,496
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,309,754 Click to see attachment1,840,688 1,840,688
14 Land, buildings, and equipment: basis bullet61,259
Less: accumulated depreciation (attach schedule) bullet53,679 4,870 Click to see attachment7,580 7,580
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 23,228,797 29,351,529 29,351,529
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 23,228,797 29,351,529
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 23,228,797 29,351,529
30 Total liabilities and net assets/fund balances (see instructions). 23,228,797 29,351,529
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
23,228,797
2
Enter amount from Part I, line 27a .....................
2
1,059,206
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
5,063,526
4
Add lines 1, 2, and 3 ..........................
4
29,351,529
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
29,351,529
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly Traded Securities      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 6,735,160   4,796,770 1,938,390
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,938,390
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,938,390
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 32,290
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 32,290
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 32,290
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 11,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 11,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 406
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 21,696
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletME
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullethorizonfoundation.org
    14
    The books are in care ofbulletHorizon Foundation Inc Telephone no.bullet (207) 773-5101

    Located atbullet100 Commercial Street Suite 315PortlandME ZIP+4bullet04101
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Alexander K Buck Jr President
    25.00     		0 26,616 0
    100 Commercial Street Suite 315
    Portland,ME04101
    Anne E Buck Secretary
    1.00     		0 0 0
    100 Commercial Street Suite 315
    Portland,ME04101
    Norman Harrison Buck Chairman
    2.00     		0 0 0
    100 Commercial Street Suite 315
    Portland,ME04101
    Nancy B Buck Trustee
    1.00     		0 0 0
    100 Commercial Street Suite 315
    Portland,ME04101
    John P Ritzo Trustee (end Nov 2020)
    1.00     		0 0 0
    100 Commercial Street Suite 315
    Portland,ME04101
    Henry R Buck Trustee (end Nov 2020)
    1.00     		0 0 0
    100 Commercial Street Suite 315
    Portland,ME04101
    Alexander K Buck III Trustee
    1.00     		0 0 0
    100 Commercial Street Suite 315
    Portland,ME04101
    Caroline Buck Ogden Trustee
    1.00     		0 0 0
    100 Commercial Street Suite 315
    Portland,ME04101
    Allie Buck Trustee
    1.00     		0 0 0
    100 Commercial Street Suite 315
    Portland,ME04101
    Mallory N Buck Trustee
    1.00     		0 0 0
    100 Commercial Street Suite 315
    Portland,ME04101
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    25,593,810
    b
    Average of monthly cash balances.......................
    1b
    1,014,073
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    26,607,883
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    26,607,883
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    399,118
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    26,208,765
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,310,438
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,310,438
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    32,290
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    32,290
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,278,148
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,278,148
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,278,148
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,248,445
    b
    Program-related investments—total from Part IX-B..................
    1b
    50,000
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,298,445
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,298,445
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 1,278,148
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018...... 20,724
    e From 2019...... 71,562
    fTotal of lines 3a through e........ 92,286
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,298,445
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 1,278,148
    e Remaining amount distributed out of corpus 20,297
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 112,583
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		112,583
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018.... 20,724
    d Excess from 2019.... 71,562
    e Excess from 2020.... 20,297
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Horizon Foundation
    100 Commercial Street 315
    Portland,ME04101
    (207) 773-5101
    info@horizonfoundation.org
    bThe form in which applications should be submitted and information and materials they should include:
    The Trustees of Horizon Foundation will continue with their "Invitation Only" policy of soliciting applications from select organizations that we consider to be consistent with our mission and values. For organizations that have not previously received Horizon funding, you may send a one-page executive summary (including your organization's mission and the purpose for which you seek funding) to info@horizonfoundation.org by September 1, and we will consider your request. Please visit the website for further information: https://www.horizonfoundation.org/how-to-apply
    cAny submission deadlines:
    Invited organizations will be notified by September 15 and applications will be due on October 15.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Horizon will focus its Maine grantmaking not only on programs aligned with its conservation priorities, but also those which support organizations that serve children, providing in-person or online arts, enrichment, educational, and leadership development opportunities, and those which aim to assure food security and assistance for those most vulnerable during these challenging times. Outside of Maine, Horizon grants will support organizations that strive to keep educational opportunities vital and operational by maintaining critical connections through distance learning as well as in person. Support will be focused on programs that help children of all ages feel safe, provide meals, and enable them to continue to grow and develop.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    A Company of Girls
    PO Box 7527
    Portland,ME04112     		N/A PC General Support 10,000
    Alliance to Protect Nantucket Sound
    4 Barnstable Road
    Hyannis,MA02601     		N/A PC General Support 20,000
    American Red Cross
    431 18th Street NW
    Washington,DC20006     		N/A PC Northern New England Chapter 7,500
    Arts & Cultural Alliance of Freeport
    5 Depot Street
    Freeport,ME04032     		N/A PC General Support 12,500
    Banner Lake Club Inc
    PO Box 1875
    Hobe Sound,FL33475     		N/A PC General Support 15,000
    Barnstable Clean Water Coalition
    PO Box 215
    Osterville,MA02655     		N/A PC General Support 15,000
    Bigelow Laboratory for Ocean Sciences
    60 Bigelow Drive
    East Boothbay,ME04544     		N/A PC General Support 15,000
    Bonefish & Tarpon Trust
    2937 SW 27th Avenue
    Miami,FL33133     		N/A PC General Support 3,500
    Boys & Girls Clubs of Martin County
    PO Box 910
    Hobe Sound,FL33475     		N/A PC General Support 20,000
    Camp Ketcha
    336 Black Point Road
    Scarborough,ME04074     		N/A PC General Support 15,000
    Carver Foundation of Norwalk CT
    7 Academy Street
    Norwalk,CT06850     		N/A PC General Support 20,000
    Centerville Public Library Association
    580 Main Street
    Centerville,MA02632     		N/A PC General Support 18,000
    Central Lincoln County YMCA
    525 Main Street
    Damariscotta,ME04543     		N/A PC General Support 15,000
    Coastal Rivers Conservation Trust
    PO Box 333
    Damariscotta,ME04572     		N/A PC General Support 15,000
    Cultivating Community
    PO Box 3792
    Portland,ME04104     		N/A PC General Support 15,000
    Darien Land Trust
    PO Box 1074
    Darien,CT06820     		N/A PC General Support 11,500
    Darien Library
    1441 Post Road
    Darien,CT06820     		N/A PC General Support 19,500
    Dunbar Center Inc
    12100 SE Lantana Avenue
    Hobe Sound,FL33455     		N/A PC General Support 20,000
    Engine Inc
    PO Box 1681
    Biddeford,ME04005     		N/A PC General Support 15,000
    Environmental & Energy Technology Council of Maine
    40 Main Street
    Biddeford,ME04005     		N/A PC General Support 10,000
    Environmental Health Strategy Center
    565 Congress Street 204
    Portland,ME04101     		N/A PC General Support 15,000
    FoodCorps Inc
    1140 SE 7th Avenue 110
    Portland,OR97214     		N/A PC FoodCorps - Maine 15,000
    Freeport Conservation Trust
    PO Box 433
    Freeport,ME04032     		N/A PC General Support 5,000
    Gather
    210 West Road 3
    Portsmouth,NH03801     		N/A PC General Support 18,000
    Girls on the Run- Maine
    1 Karen Drive 3A
    Westbrook,ME04092     		N/A PC General Support 7,500
    Great Bay Stewards
    89 Depot Road
    Greenland,NH03840     		N/A PC General Support 2,500
    Greater Portland Council of Governments
    970 Baxter Boulevard
    Portland,ME04103     		N/A GOV General Support 10,000
    Gulf of Maine Research Institute
    350 Commercial Street
    Portland,ME04101     		N/A PC General Support 15,000
    High Peaks Alliance
    PO Box 987
    Farmington,ME04938     		N/A PC General Support 10,000
    Higher Ground Inc
    160 7th Street W 2C
    Ketchum,ID83340     		N/A PC General Support 15,000
    Hobe Sound Early Learning Center
    11580 SE Gomez Avenue
    Hobe Sound,FL33455     		N/A PC General Support 15,000
    Hobe Sound Nature Center Inc
    PO Box 214
    Hobe Sound,FL33475     		N/A PC General Support 5,000
    Horizons National Student Enrichment Program Inc
    635 Frogtown Road
    New Canaan,CT06840     		N/A PC General Support 20,000
    House of Hope
    2484 SE Bonita Street
    Stuart,FL34997     		N/A PC General Support 20,000
    Hurricane Island Outward Bound School
    PO Box 800
    Camden,ME04843     		N/A PC General Support 16,500
    Jobs for Maine's Graduates Inc
    65 Stone Street
    Augusta,ME04330     		N/A PC General Support 15,000
    LearningWorks
    181 Brackett Street
    Portland,ME04102     		N/A PC General Support 15,000
    Locker Project
    PO Box 3134
    Portland,ME04104     		N/A PC General Support 15,000
    Maine Audubon
    20 Gisland Farm Road
    Falmouth,ME04105     		N/A PC General Support 15,000
    Maine Coast Heritage Trust
    1 Bowdoin Mill Island 201
    Topsham,ME04086     		N/A PC General Support 15,000
    Maine Conservation Alliance
    295 Water Street 9
    Augusta,ME04330     		N/A PC General Support 15,000
    Maine Environmental Education Association
    31 Woodside Road
    Brunswick,ME04011     		N/A PC General Support 10,000
    Maine Foodscapes
    22 Montgomery Road
    Windham,ME04062     		N/A PC General Support 7,500
    Maine Huts & Trails
    496C Main Street
    Kingfield,ME04947     		N/A PC General Support 7,500
    Maine Island Trail Association
    100 Kensington Street 2nd Floor
    Portland,ME04103     		N/A PC General Support 7,500
    Maine Needs
    332 Forest Avenue
    Portland,ME04101     		N/A PC General Support 5,000
    Maine People's Resource Center
    565 Congress Street 200
    Portland,ME04101     		N/A PC Maine Climate Table 15,000
    Maine Philanthropy Center
    PO Box 9301
    Portland,ME04104     		N/A PC Climate Change Funders 10,000
    Midcoast Conservancy
    PO Box 439
    Edgecomb,ME04556     		N/A PC General Support 15,000
    Mill River Park Collaborative
    1010 Washington Blvd
    Stamford,CT06901     		N/A PC General Support 20,000
    My Place Teen Center
    755 Main Street
    Westbrook,ME04092     		N/A PC General Support 15,000
    Natural Resources Council of Maine
    3 Wade Street
    Augusta,ME04330     		N/A PC General Support 15,000
    New England Forestry Foundation Inc
    32 Foster Street
    Littleton,MA01460     		N/A PC General Support 15,000
    Northern Forest Center
    18 North Main Street 204
    Concord,NH03301     		N/A PC General Support 10,000
    Norwalk Grassroots Tennis & Education
    11 Ingalls Avenue
    Norwalk,CT06854     		N/A PC General Support 15,000
    Norwalk Land Trust Inc
    PO Box 34
    Norwalk,CT06853     		N/A PC General Support 5,000
    Osterville Village Library
    43 Wiannao Avenue
    Osterville,MA02655     		N/A PC General Support 20,000
    passivhausMAINE
    139 South Freeport Road
    Freeport,ME04032     		N/A PC General Support 10,000
    Pihcintu
    36 Emerson Drive
    Windham,ME04062     		N/A PC General Support 15,000
    Port City Makerspace
    68 Morning Street
    Portsmouth,NH03801     		N/A PC General Support 2,500
    Portland Community Squash
    66 Noyes Street
    Portland,ME04103     		N/A PC General Support 15,000
    Portland Museum of Art
    7 Congress Square
    Portland,ME04101     		N/A PC General Support 15,000
    Portland Ovations
    50 Monument Square
    Portland,ME04101     		N/A PC General Support 15,000
    Princeton Family YMCA
    59 Paul Robeson Place
    Princeton,NJ08540     		N/A PC General Support 15,000
    Project LIFT Inc
    1330 SW 34th Street
    Palm City,FL34990     		N/A PC General Support 20,000
    ProsperityME
    PO Box 8013
    Portland,ME04101     		N/A PC General Support 15,000
    Regional YMCA of Western CT
    246 Federal Road
    Brookfield,CT06804     		N/A PC General Support 15,000
    Sierra Club Foundation
    2101 Webster Street
    Oakland,CA94612     		N/A PC General Support 10,000
    Silvermine Arts Center
    1037 Silvermine Road
    New Canaan,CT06840     		N/A PC General Support 20,000
    Stamford Public Education Foundation
    177 Broad Street
    Stamford,CT06901     		N/A PC General Support 20,000
    Sun Valley Ski Education Foundation
    PO Box 203
    Sun Valley,ID83353     		N/A PC General Support 20,000
    TEMPOart
    PO Box 4101
    Portland,ME04101     		N/A PC General Support 10,000
    The Conservation Fund
    1655 North Fort Meyer Drive
    Arlington,VA22209     		N/A PC Stuart, Florida Chapter 15,000
    The Ecology School
    184 Simpson Road
    Saco,ME04072     		N/A PC General Support 15,000
    The Nature Conservancy
    4245 North Fairfax Drive
    Arlington,VA22203     		N/A PC The Nature Conservancy in Idaho 20,000
    The Trustees of Reservations
    200 High Street 4th Floor
    Boston,MA02110     		N/A PC General Support 15,000
    Trinity Counseling Service
    22 Stockton Street
    Princeton,NJ08540     		N/A PC General Support 20,000
    Wood River Community YMCA
    PO Box 6801
    Ketchum,ID83340     		N/A PC General Support 20,000
    Wood River Land Trust
    119 East Bullion Street
    Hailey,ID83333     		N/A PC General Support 18,000
    YMCA Cape Cod
    2245 Iyannough Road
    West Barnstable,MA02668     		N/A PC General Support 15,000
    Youth Full Maine
    PO Box 745
    Biddeford,ME04005     		N/A PC General Support 15,000
    Total .................................bullet 3a 1,135,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 2,000  
    4 Dividends and interest from securities....     14 477,106  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,938,390  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 2,417,496 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,417,496
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    Horizon Foundation Inc
    EIN:
    23-2867116
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting & Tax Services 5,450 3,270   2,180

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Horizon Foundation Inc
    EIN:
    23-2867116
    Name of Stock End of Year Book Value End of Year Fair Market Value
    325 units Broadcom LTD 154,973 154,973
    600 units CDW Corp 104,790 104,790
    1075 units IBM 157,584 157,584
    600 units Microsoft Corp 162,540 162,540
    1100 units Oracle Corp 85,624 85,624
    1000 units Texas Instruments Inc 192,300 192,300
    3500 units Cisco Systems 185,500 185,500
    2000 units Comcast Corp 114,040 114,040
    1675 units Verizon Communications Inc 93,850 93,850
    1000 units Abbott Labs 115,930 115,930
    550 units Amgen Inc 134,063 134,063
    1050 units Johnson & Johnson 172,977 172,977
    3350 units Pfizer Inc 131,186 131,186
    600 units Ameriprise Finl Inc 149,328 149,328
    100 units Blackrock Inc 87,497 87,497
    1900 units Citigroup Inc 134,425 134,425
    3500 units Fidelity National Financial 152,110 152,110
    8605 units First Horizon Corp 148,694 148,694
    2000 units Horace Mann Educators 74,840 74,840
    10659 units Huntington Bancshares Inc 152,104 152,104
    2875 units Synovus Finl Corp 126,155 126,155
    3950 units United Bankshares Inc 144,175 144,175
    575 units Eastgroup Ppty Inc 94,559 94,559
    900 units Mid Amer Apt Cmntys Inc 151,578 151,578
    1550 units Borgwarner Inc 75,237 75,237
    1075 units Hasbro Inc 101,609 101,609
    575 units Home Depot Inc 183,362 183,362
    3800 units Knoll Inc 98,762 98,762
    1850 units Leggett & Platt Inc 95,849 95,849
    825 units Target Corp 199,436 199,436
    1450 units Wiley John & Sons Inc 87,261 87,261
    2175 units CVS Health Corp 181,482 181,482
    1150 units General Mills Inc 70,070 70,070
    500 units Lancaster Colony Corp 96,755 96,755
    725 units Procter & Gamble Co 97,824 97,824
    350 units Accenture PLC 103,177 103,177
    950 units Brunswick Corp 94,639 94,639
    1775 units Douglas Dynamics Inc 72,225 72,225
    1060 units Eaton Corp PLC 157,071 157,071
    600 units Fidelity Natl Information Svcs 85,002 85,002
    700 units L3Harris Technologies Inc 151,305 151,305
    1925 units McGrath Rentcorp 157,022 157,022
    1975 units Sonoco Prods Co 132,128 132,128
    650 units Union Pacific Corp 142,955 142,955
    550 units Avery Dennision Corp 115,632 115,632
    1000 units FMC Corp 108,200 108,200
    475 units American Water Works Inc 73,212 73,212
    1125 units Atmos Energy Corp 108,123 108,123
    110 units ASML Holding 75,992 75,992
    45 units Mercadolibre Inc 70,101 70,101
    400 units Sony Group Corp 38,888 38,888
    495 units Taiwan Semiconductor 59,479 59,479
    2410 units Bausch Health 70,661 70,661
    335 units CSL LTD 35,863 35,863
    215 units Icon PLC 44,443 44,443
    335 units Medtronic PLC 41,584 41,584
    150 units Novo Nordisk 12,566 12,566
    115 units Steris PLC 23,725 23,725
    4400 units AIA Group LTD Hong Kong 54,692 54,692
    210 units Aon PLC 50,140 50,140
    1302 units Brookfield Asset Management 66,376 66,376
    1475 units London Stock Exchange Group 40,600 40,600
    180 units Alibaba Group 40,820 40,820
    9245 units Dufry AG 54,809 54,809
    1465 units Farfetch LTD 73,777 73,777
    130 units Ferrari 26,787 26,787
    40 units Lululemon Athletica Inc 14,599 14,599
    400 units Nestle SA 49,860 49,860
    3705 units Sunopta Inc 45,349 45,349
    8000 units Vitasoy International 29,440 29,440
    100 units Accenture PLC 29,479 29,479
    225 units Allegion Pub LTD 31,343 31,343
    475 units Canadian Natl RY 50,122 50,122
    120 units Daikan Industries LTD 22,135 22,135
    20 units Mettler Toledo International 27,707 27,707
    1480 units Atotech LTD 37,783 37,783
    715 units Brookfield Renewable Corp 29,986 29,986
    8 units Brookfield Asset Mgmt 416 416
    16513 units AIM Invt FDS Invesco 940,605 940,605
    798 units New Alternatives FD COM 74,648 74,648
    3188 units Pax World FDS Ser 75,453 75,453
    70 units Alphabet Inc - Cl A 170,925 170,925
    90 units Alphabet Inc - Cl C 225,569 225,569
    1000 units Ansys Inc 347,060 347,060
    2500 units Apple Inc 342,400 342,400
    700 units Facebook Inc 243,397 243,397
    1200 units Microsoft Corp 325,080 325,080
    2000 units Qualcomm Inc 285,860 285,860
    600 units Roper Technologies 282,120 282,120
    2500 units Verizon Communications Inc 140,075 140,075
    500 units Becton Dickinson & Co 121,595 121,595
    1200 units Danaher Corp 322,032 322,032
    1325 units Johnson & Johnson 218,281 218,281
    1400 units Resmed Inc 345,128 345,128
    1000 units Stryker Corp 259,730 259,730
    1000 units Chubb LTD 158,940 158,940
    1400 units Gallagher Arthur J & Co 196,112 196,112
    2000 units JP Morgan Chase & Co 311,080 311,080
    2400 units Toronto Dominion Bank 168,120 168,120
    2680 units Iron Mtn Inc 113,418 113,418
    75 units Booking Holdings Inc 164,107 164,107
    1800 units Carmax Inc 232,470 232,470
    500 units Costco Wholesale Corp 197,835 197,835
    900 units Home Depot Inc 287,001 287,001
    900 units McDonalds Corp 207,891 207,891
    500 units O'Reilly Automotive Inc 283,105 283,105
    2600 units TJX Inc 175,292 175,292
    3000 units Church & Dwight Inc 255,660 255,660
    1400 units Pepsico Inc 207,438 207,438
    1600 units Procter & Gamble 215,888 215,888
    650 units Accenture PLC 191,614 191,614
    1200 units Automatic Data Processing Inc 238,344 238,344
    2000 units Fiserv Inc 213,780 213,780
    2000 units Fortive Corp 139,480 139,480
    275 units Mettler Toledo International 380,969 380,969
    1000 units Raytheon Technologies Corp 85,310 85,310
    1100 units Stanley Black & Decker Inc 225,489 225,489
    1400 units Visa Inc 327,348 327,348
    900 units Watsco Inc 257,976 257,976
    700 units Ecolab Inc 144,178 144,178
    800 units Chevron Corp 83,791 83,791
    5000 units First TR Exchange 122,299 122,299
    170 units Alphabet Inc - Cl C 426,074 426,074
    2200 units Apple Inc 301,312 301,312
    600 units Broadcom LTD 286,104 286,104
    1375 units CDW Corp 240,144 240,144
    5540 units HP Inc 167,253 167,253
    428 units Lam Research Corp 278,500 278,500
    1200 units Microsoft Corp 325,080 325,080
    790 units NXP Semiconductors 162,519 162,519
    1635 units Abbvie Inc 184,166 184,166
    1000 units Amgen Inc 243,750 243,750
    600 units Danaher Corp 161,016 161,016
    1500 units Johnson & Johnson 247,110 247,110
    3620 units Pfizer Inc 141,759 141,759
    320 units Thermo Fisher Scientific Inc 161,430 161,430
    530 units UnitedHealth Group Inc 212,233 212,233
    425 units Aon PLC 101,473 101,473
    1255 units Broadridge Finl Solutions Inc 202,720 202,720
    1200 units JP Morgan Chase & Co 186,648 186,648
    500 units S&P Global Inc 205,225 205,225
    100 units Amazon.com Inc 344,016 344,016
    113 units Autozone Inc 168,621 168,621
    1435 units DR Horton Inc 129,681 129,681
    410 units Home Depot Inc 130,745 130,745
    790 units Nike Inc 122,047 122,047
    1120 units Polaris Inds Inc 153,395 153,395
    1127 units Acenture PLC 332,228 332,228
    1100 units American Express Co 181,753 181,753
    1350 units Ametek Inc 180,225 180,225
    650 units Cummins Inc 158,477 158,477
    515 units Generac Hldgs Inc 213,802 213,802
    650 units Honeywell Intl Inc 142,578 142,578
    450 units Mastercard Inc 164,291 164,291
    1700 units Raytheon Technologies Corp 145,027 145,027
    1200 units Visa Inc 280,584 280,584
    4000 units Western Union Co 91,880 91,880
    6029 units Wasatch FDS TR CRE 641,104 641,104
    9519 units Investment Managers Ser TR 260,620 260,620
    28534 units Baillie Gifford FDS 834,331 834,331

    TY 2020 InvestmentsOtherSchedule2
    Name:
    Horizon Foundation Inc
    EIN:
    23-2867116
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Promissory Note FMV 100,000 100,000
    50000 units US Treasury Notes 2% FMV 52,891 52,891
    113000 units US Treasury Notes 2.25% FMV 119,771 119,771
    25000 units US Treasury Notes 2.25% FMV 26,668 26,668
    50000 units Private Expt Fdg Corp 1.75% FMV 51,845 51,845
    35000 units SLM Corp FMV 34,624 34,624
    80000 units US Treasury Notes 0.125% FMV 90,108 90,108
    34164 units Union Pacific RR 3.227% FMV 37,163 37,163
    36621 units Duke Energy Fla Proj Fin 1.731% FMV 37,089 37,089
    7143 units Southern California Edison Co 1.845% FMV 7,201 7,201
    40500 units Petroleos Mexicanos 2.46% FMV 42,338 42,338
    31579 units Reliance Inds LTD 1.87% FMV 32,755 32,755
    39804 units SBA Gtd Ptnct 2.829% FMV 41,692 41,692
    12356 units SBA Gtd Dev Ptc 5.29% FMV 12,356 12,356
    18000 units General Mills 1.19975% FMV 18,340 18,340
    27000 units Abb Fin USA 2.875% FMV 27,708 27,708
    26000 units Abbott Labs 2.55% FMV 26,618 26,618
    25000 units Air Products & Chemicals Inc 3% FMV 25,346 25,346
    20000 units Anr Pipeline Co 9.625% FMV 20,919 20,919
    35000 units Chevron Corp 1.554% FMV 35,865 35,865
    40000 units Cisco Sys Inc 1.85% FMV 40,298 40,298
    20000 units DR Horton Inc 4.75% FMV 21,496 21,496
    22000 units Dominion Energy Gas Hldgs 2.5% FMV 23,118 23,118
    25000 units Dow Dupont Inc 4.205% FMV 27,214 27,214
    22000 units Eaton Corp PLC FMV 22,810 22,810
    25000 units Grand Met Invt Corp FMV 27,876 27,876
    35000 units Norsk Hydro 7.75% FMV 40,045 40,045
    18000 units Oracle Corp 2.5% FMV 19,019 19,019
    20000 units Raytheon Technologies 2.8% FMV 20,478 20,478
    18000 units AEP Tex 2.4% FMV 18,513 18,513
    25000 units Centerpoint Energy Houston 2.25% FMV 25,604 25,604
    21000 units Cleveland Elec Illum 5.5% FMV 24,288 24,288
    35000 units Delmarva Pwr & Lt 3.5% FMV 37,409 37,409
    25000 units Kansas City Pwr & Lt 3.15% FMV 26,204 26,204
    40000 units National Rural Utils Coop 3.4% FMV 42,637 42,637
    25000 units Oncor Elec Deliver Co 2.95% FMV 26,905 26,905
    25000 units PPL Elec Utils Corp 2.5% FMV 25,658 25,658
    40000 units Bank of Nova Scotia 2.45% FMV 41,315 41,315
    40000 units Province of Nova Scotia 8.25% FMV 44,641 44,641
    30000 units New York NY City Indl Dev 7.9% FMV 36,982 36,982
    20000 units New Jersey Economic Dev Auth FMV 19,945 19,945
    10000 units US Treasury Notes 2.25% FMV 10,667 10,667
    22000 units US Treasury Notes 2.25% FMV 23,318 23,318
    20000 units US Treasury Notes 2% FMV 21,156 21,156
    15000 units SLM Corp FMV 14,839 14,839
    15000 units US Treasury Notes 0.125% FMV 16,895 16,895
    9870 units Union Pacific RR 3.227% FMV 10,736 10,736
    15695 units Duke Energy Fla Proj Fin 1.731% FMV 15,895 15,895
    13500 units Petroleos Mexicanos 2.46% FMV 14,113 14,113
    10000 units Abb Fin 2.875% FMV 10,262 10,262
    10000 units Air Products & Chemicals 3% FMV 10,138 10,138
    10000 units ANR Pipeline Co 9.625% FMV 10,460 10,460
    10000 units Chevron Corp 1.554% FMV 10,247 10,247
    10000 units DR Horton 4.75% FMV 10,748 10,748
    9000 units Dominion Energy Gas 2.5% FMV 9,457 9,457
    15000 units Dow Dupont 4.205% FMV 16,328 16,328
    8000 units Eaton Corp 2.75% FMV 8,294 8,294
    10000 units Grand Met Invt Corp 8% FMV 11,151 11,151
    15000 units Norsk Hydro 7.75% FMV 17,162 17,162
    8000 units Oracle Corp 2.5% FMV 8,453 8,453
    8000 units Raytheon Technologies Corp 2.8% FMV 8,191 8,191
    10000 units AEP Tex Inc 2.4% FMV 10,285 10,285
    10000 units Centerpoint Energy Houston 2.25% FMV 10,242 10,242
    10000 units Cleveland Elec Illum 5.5% FMV 11,566 11,566
    10000 units Delmarva Pwr & Lt 3.5% FMV 10,688 10,688
    14000 units Kansas City Pwr & Lt Co 3.15% FMV 14,674 14,674
    15000 units National Rural Utils Coop 3.4% FMV 15,989 15,989
    10000 units Oncor Elec Delivery Co 2.95% FMV 10,762 10,762
    15000 units PPL Elec Utils Corp 3% FMV 15,153 15,153
    15000 units Province of Nova Scotia 8.25% FMV 16,740 16,740
    10000 units New York NY City Indl Dev 7.9% FMV 12,327 12,327

    TY 2020 LandEtcSchedule2
    Name:
    Horizon Foundation Inc
    EIN:
    23-2867116
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Computer Equipment 15,705 14,791 914 914
    Furniture and Fixtures 45,554 38,888 6,666 6,666


    TY 2020 OtherExpensesSchedule
    Name:
    Horizon Foundation Inc
    EIN:
    23-2867116
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Office Supplies and Expenses 8,044 0   8,044
    Insurance 2,717 0   2,717
    Filing Fees 35 0   35


    TY 2020 OtherIncreasesSchedule
    Name:
    Horizon Foundation Inc
    EIN:
    23-2867116
    Description Amount
    Unrealized Gain on Investments 5,036,026
    Timing Differences - Uncleared Grant Checks 27,500


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Horizon Foundation Inc
    EIN:
    23-2867116
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Fees 91,183 91,183   0


    TY 2020 TaxesSchedule
    Name:
    Horizon Foundation Inc
    EIN:
    23-2867116
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Payroll Taxes 3,671 0   3,671
    Federal Excise Taxes 8,102 0   0