TY 2021 Form 990PF

- TIN:

Form990-PF
Click to see list of attachments

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021

Name of foundation
Horizon Charitable Foundation

% Foundation Source

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377

A Employer identification number

83-1406109

B Telephone number (see instructions)

(800) 839-1754

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$107,155,050J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	58,759,069
2	Check .............
3	Interest on savings and temporary cash investments	187		187
4	Dividends and interest from securities...	172,654		172,654
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		279,562
b	Gross sales price for all assets on line 6a 60,172,456
7	Capital gain net income (from Part IV, line 2)...			31,038,725
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).......		255,513	269,325
12	Total. Add lines 1 through 11........	59,466,985		31,480,891
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		35,600		35,600
17	Interest...............	281		281
18	Taxes (attach schedule) (see instructions)...		490,605
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		329,915	249,746	66,291
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	856,401		250,027	101,891
25	Contributions, gifts, grants paid.......	2,091,000			2,091,000
26	Total expenses and disbursements. Add lines 24 and 25	2,947,401		250,027	2,192,891
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	56,519,584
b	Net investment income (if negative, enter -0-)			31,230,864
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2021)

Form 990-PF (2021)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	635,522	153,796	153,796
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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).......	25,196,089	49,388,408	46,136,020
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	13,865,243	46,674,234	60,865,234
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	39,696,854	96,216,438	107,155,050
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		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	39,696,854	96,216,438
	29	Total net assets or fund balances (see instructions).....	39,696,854	96,216,438
	30	Total liabilities and net assets/fund balances (see instructions).	39,696,854	96,216,438

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

39,696,854

Enter amount from Part I, line 27a .....................

56,519,584

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

96,216,438

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

96,216,438

Form 990-PF (2021)

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	Passthrough K1 Capital Gain/(Loss)
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	60,172,456	29,185,962	30,986,494
b			52,231
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			30,986,494
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	31,038,725
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 ...................		3

Form 990-PF (2021)

Page 4

Part V

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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
3	Add lines 1 and 2...........................	3	434,109
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	434,109
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	466,900
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	1,000
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	467,900
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	33,791
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax33,791	Refunded	11

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? Click to see list of attachments

....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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 Click to see list of attachments

....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

Yes

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Yes

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T. Click to see list of attachments

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?................

Yes

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 XIV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

Foundation Source Telephone no. bullet

(800) 839-1754

Located at bullet

501 Silverside Road Suite 123WilmingtonDE ZIP+4 bullet

198091377

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

16 At any time during calendar year 2021, 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 VI-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

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? ...........

1a(1)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)? ......................

1a(5)

(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.) ...............

1a(6)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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 2021? .............

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)):

At the end of tax year 2021, did the foundation have any undistributed income (lines 6d

and 6e, Part XII) for tax year(s) beginning before 2021?....................

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2021 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 2021.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2021? ..

Form 990-PF (2021)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

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 ........

Organizations relying on a current notice regarding disaster assistance check here ......... bullet

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).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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 VII

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
Jeffrey Horing	Dir, Pres 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Pres 1.0	0	0	0
Patricia Horing	Dir, Sec, Treas 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Sec, Treas 1.0	0	0	0

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










Total number of other employees paid over $50,000...................

Form 990-PF (2021)

Page 7

Part VII

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
Foundation Source	administrative	66,200
55 walls drive 3rd fl FAIRFIELD,CT06824	administrative	66,200

Total number of others receiving over $50,000 for professional services............. bullet

Part VIII-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 VIII-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......................... bullet

Form 990-PF (2021)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

29,244,229

Average of monthly cash balances.......................

1,342,463

Fair market value of all other assets (see instructions)................

49,746,678

Total (add lines 1a, b, and c).........................

80,333,370

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

80,333,370

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

1,205,001

Net value of noncharitable-use assets. Subtract line 4 from line 3. .......

79,128,369

Minimum investment return. Enter 5% (0.05) of line 5................

3,956,418

Part X

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.)

Minimum investment return from Part IX, line 6..................

3,956,418

Tax on investment income for 2021 from Part V, line 5.......

434,109

Income tax for 2021. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

434,109

Distributable amount before adjustments. Subtract line 2c from line 1............

3,522,309

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

3,522,309

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

3,522,309

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.

Form 990-PF (2021)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7				3,522,309
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......			561,177
b Total for prior years:2019, 2018, 2017
3 Excess distributions carryover, if any, to 2021:
a From 2016......
b From 2017......
c From 2018......
d From 2019......
e From 2020......
f Total of lines 3a through e ........
4Qualifying distributions for 2021 from Part
XI, line 4: $ 2,192,891
a Applied to 2020, but not more than line 2a			561,177
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2021 distributable amount.....				1,631,714
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2021.
(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		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
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......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........				1,890,595
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) .......
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2017....
b Excess from 2018....
c Excess from 2019....
d Excess from 2020....
e Excess from 2021....	0

Form 990-PF (2021)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-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 2021, enter the date of the ruling ....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

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) 2021	(b) 2020	(c) 2019	(d) 2018	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, 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 IX, 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 XIV

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).)

Jeffrey Horing

Patricia Horing

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2021)

Page 11

Part XIV

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ANTI-DEFAMATION LEAGUE 605 3RD AVE NEW YORK,NY10158	N/A	PC	General & Unrestricted	250,000
CIVIC EDUCATION FUND PO BOX 21961 SEATTLE,WA98111	N/A	PC	General & Unrestricted	200,000
GLOBAL PROJECT AGAINST HATE AND EXTREMISM 3066 ZELDA RD NO 400 MONTGOMERY,AL36106	N/A	PC	General & Unrestricted	100,000
HER JUSTICE INC 100 BROADWAY 10TH FL NEW YORK,NY10005	N/A	PC	General & Unrestricted	1,000
MEDIA MATTERS FOR AMERICA PO BOX 44811 WASHINGTON,DC20026	N/A	PC	General & Unrestricted	250,000
NATIONAL REDISTRICTING FOUNDATION 700 13TH ST NW STE 600 WASHINGTON,DC20005	N/A	PC	General & Unrestricted	100,000
NIDO DE ESPERANZA CHARITABLE SOCIETY 4111 BROADWAY NEW YORK,NY10033	N/A	PC	General & Unrestricted	20,000
SOUTHERN POVERTY LAW CENTER INC 400 WASHINGTON AVE MONTGOMERY,AL36104	N/A	PC	General Support	100,000
THE VOTER PARTICIPATION CENTER 1707 L ST NW STE 950 WASHINGTON,DC20036	N/A	PC	General & Unrestricted	120,000
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA 3451 WALNUT ST 433 FRANKLIN BLDG PHILADELPHIA,PA19104	N/A	PC	ENDOWED PROFESSORSHIP fund AT ENGINEERING	450,000
WILLIAM J BRENNAN JR CENTER FOR JUSTICE INC 120 BROADWAY STE 1750 NEW YORK,NY10271	N/A	PC	General & Unrestricted	500,000
Total ................................. 3a				2,091,000

bApproved for future payment

Total ................................. 3b

Form 990-PF (2021)

Page 12

Part XV-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	(e) Related or exempt function income (See instructions.)
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	187
4 Dividends and interest from securities ....
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 ............	525990	20,744	18	258,818
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aK-1 Inc/Loss	525990	-14,494	14	270,007
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		6,250		701,666

13Total. Add line 12, columns (b), (d), and (e)..................

707,916

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-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 (2021)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Name of the organization

Horizon Charitable Foundation

Employer identification number

83-1406109

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990) (2021)

Schedule B (Form 990) (2021) Page 2

Name of organization Horizon Charitable Foundation

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	Horing Jeffrey 1114 Avenue of the Americas 36th fl New York, NY10036	$ 58,759,069	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)

Schedule B (Form 990) (2021)

Page 3

Name of organization Horizon Charitable Foundation		Employer identification number 83-1406109

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	DELIVERY HERO ORD SHS DLVHF, 68000 sh.	$ 9,928,000	2021-05-06
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	HELLOFRESH HLFFF, 247616 sh.	$ 18,935,196	2021-05-06
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	HELLOFRESH HLFFF, 106780 sh.	$ 9,895,303	2021-10-26
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	DELIVERY HERO ORD SHS DLVHF, 75760 sh.	$ 9,947,667	2021-10-26
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	DELIVERY HERO ORD SHS DLVHF, 92449 sh.	$ 10,052,904	2021-12-28
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2021)

Schedule B (Form 990) (2021)

Page 4


Name of organization Horizon Charitable Foundation			Employer identification number 83-1406109
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990) (2021)

Additional Data

Software ID:
Software Version:

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2021 DepreciationSchedule

Name:

Horizon Charitable Foundation

EIN:

83-1406109

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income	Adjusted Net Income	Cost of Goods Sold Not Included

- TIN:

TY 2021 GeneralExplanationAttachment

Name:

Horizon Charitable Foundation

EIN:

83-1406109

Identifier	Return Reference	Explanation
part I line 6A (990-PF)	PART I LINE 6A (990-PF)	RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $258,818 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $20,744 TOTAL PART I, LINE 6A: $279,562 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $60,172,456 BOOK BASIS: $59,965,869 NET GAIN/(LOSS): $206,587 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $52,231
FORMS 926	FORMS 926	The Foundation has prepared these forms to the best of its ability based on the limited information provided to it by the investments on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.
FORMS 8865	FORMS 8865	The Foundation has prepared these forms to the best of its ability based on the limited information provided to it by the investments on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

Horizon Charitable Foundation

EIN:

83-1406109

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ACCENTURE PLC	24,137	26,946
ACTIVISION BLIZZARD INC	5,995	6,786
ACUITY BRANDS INC	2,408	2,541
ADOBE SYSTEMS, INC	38,348	33,457
AFLAC INC	4,367	4,496
ALCOA INC	3,098	3,932
ALLSTATE CORP	2,866	3,059
ALPHABET INC CL A	41,235	40,559
ALPHABET INC CL C	38,489	37,617
ALTERYX INC	2,951,690	1,218,167
AMAZON COM	63,419	60,018
AMCOR LTD ORD SHS	3,152	3,267
AMER INTERNATIONAL GROUP INC	2,594	2,672
AMERICAN EXPRESS CO	12,688	12,434
AMERICAN WATER WORKS COMPANY I	10,238	10,954
AMERISOURCEBERGEN CORP	9,801	10,897
AMPHENOL CORPORATION	3,689	3,848
ANALOG DEVICES INC	14,931	14,062
ANTHEM INC	14,393	16,224
AON PLC CL A	9,923	9,918
APPLE INC	78,773	81,681
APPLIED MATERIALS INC	18,670	18,726
APTIV PLC	2,514	2,474
AT&T, INC	22,272	23,739
ATLASSIAN CORP PLC	4,213	4,194
AUTOMATIC DATA PROCESSING INC	13,860	14,548
AVALONBAY CMNTYS INC	8,443	8,841
AXON ENTERPRISE	2,768	2,826
AZENTA INC	15,540	14,745
BALL CP	2,804	2,888
BANK NEW YORK MELLON CORP COM	2,975	3,078
BANK OF AMERICA CORP	40,454	40,263
BERRY PLASTICS GROUP INC	15,676	16,084
BEST BUY INC	1,814	1,727
BILL COM HOLDINGS	1,587	1,495
BLACKROCK INC	19,334	19,227
BLOCK INC	3,032	2,584
BOOKING HOLDINGS INC	13,470	14,395
BROADCOM INC	30,105	33,936
BRUKER CORPORATION	15,539	16,111
CAMDEN PPTY TR	3,941	4,110
CAMPBELL SOUP CO	5,962	6,302
CAPITAL ONE FINANCIAL CORP	4,903	4,788
CATALENT INC	16,431	17,028
CATERPILLAR INC	20,040	20,261
CELANESE CORPORATION	3,197	3,361
CERTARA	11,626	11,936
CHANGE HEALTHCARE INC	15,328	15,821
CHARLES SCHWAB CORP	13,010	13,456
CHARTER COMMUNICATIONS, INC	2,602	2,608
CHIPOTLE MEX GRILL	3,423	3,497
CHUBB LIMITED	11,847	12,179
CIGNA CORPORATION	16,430	18,141
CINTAS CRP	2,676	2,659
CISCO SYSTEMS INC	33,561	36,628
CITIGROUP INC	18,927	18,177
CLIFFS NATURAL RESOURCES INC.	2,858	2,939
CLOUDFLARE, INC.	1,563	1,315
CME GROUP, INC	10,406	10,281
COGNIZANT TECHNOLOGY SOLUTIONS	1,955	2,129
COLFAX CORPORATION	15,311	15,078
COMCAST CORP	23,848	24,209
CONAGRA FOODS INC	6,201	6,659
CONSOLIDATED EDISON INC	17,047	17,832
CONSTELLATION BRANDS INC	17,537	18,823
CRANE CO	1,936	1,933
CROWDSTRIKE HOLDINGS, INC	3,269	3,276
CSX CORP	16,691	16,920
CUMMINS INC	10,109	10,034
CURTISS WRIGHT CP	8,910	9,291
CVS CAREMARK CORP	23,604	26,203
DARDEN RESTAURANTS INC	2,222	2,260
DARLING INGREDIENTS INC	7,715	7,968
DATADOG INC	3,363	3,384
DEERE CO	14,815	14,058
DELIVERY HERO ORD SHS	20,000,572	18,097,605
DIAMOND HILL SHORT DUR TOT RET	1,849,816	1,841,594
DICK'S SPORTING GDS	1,632	1,725
DIGITAL RLTY TR INC	9,041	9,551
DIVERSEY HOLDINGS ORD SHS	4,620	4,485
DOLLAR GENERAL CORP	7,633	8,018
DOORDASH ORD SHS CLASS A	1,471	1,340
DROPBOX INC	1,920	1,914
EATON CORP PLC	14,671	14,863
EBAY INC	6,790	6,717
EDISON INTL	6,457	6,552
ELANCO ANIMAL HEALTH INCORPORA	15,942	15,609
ELECTRONIC ARTS	6,434	6,727
EMERSON ELECTRIC CO	14,941	15,061
ENCOMPASS HEALTH CORPORATION	1,489	1,566
EQUINIX, INC	13,819	14,379
EQUITY RESIDENTIAL PPTYS TR	12,443	13,032
ETSY INC	1,725	1,533
EXELON CORPORATION	18,495	19,812
EXPEDIA INC	3,665	3,976
FEDEX CORPORATION	4,447	4,656
FIFTH THIRD BANCORP	2,072	2,047
FISERV INC	1,456	1,453
FORD MOTOR COMPANY	8,323	8,661
GAMESTOP CORP	1,600	1,336
GENERAC HOLDING INC	1,434	1,408
GENERAL MOTORS	8,491	8,091
GOLDMAN SACHS GROUP	12,801	12,242
GRANITESHARES XOUT U.S. LARGE	7,002,368	8,564,695
GUGGENHEIM LIMITED DURATION FU	2,063,309	2,049,504
H&R BLOCK INC	1,560	1,555
HANESBRANDS INC	1,444	1,388
HASBRO INC	2,706	2,748
HEALTHCARE TRUST OF AMERICA IN	2,713	2,638
HEALTHPEAK PROPERTIES INC	7,944	8,373
HEICO CORP	8,218	8,365
HEICO CP CL A	4,471	4,498
HELLOFRESH	9,214,076	8,012,770
HILTON WORLDWIDE HOLDINGS, INC	6,304	6,864
HOME DEPOT INC	46,988	46,896
HP INC	6,004	6,065
HUBSPOT INC	3,093	2,637
HUMANA INC	6,062	6,494
IDEX CP	3,997	4,017
ILLINOIS TOOL WORKS	20,635	21,225
ILLUMINA INC COM	18,841	19,402
INSULET CORPORATION	16,350	15,964
INTEL CORP	21,449	21,012
INTERNATIONAL BUSINESS MACHINE	17,021	18,712
INTERNATIONAL PAPER CO	6,764	6,812
INVITATION HOMES INC.	3,242	3,446
JOHNSON CONTROLS INTERNATIONAL	13,693	14,067
JP MORGAN CHASE	52,172	50,830
KEURIG DR PEPPER INC	9,990	10,542
KILROY REALTY CP	2,525	2,459
KIRBY CORPORATION	4,213	4,516
KROGER CO	9,645	9,686
LAM RESEARCH CORP	4,954	5,034
LOUISIANA PACIFIC CP	4,382	4,623
LOWES COMPANIES INC	20,296	20,420
LULULEMON ATHLETICA INC	4,350	3,915
LYFT INC	2,526	2,607
MANPOWER GROUP INC	1,893	1,947
MARRIOTT INTERNATIONAL INC. CL	9,548	10,080
MARSH AND MCLENNAN COMPANIES I	21,055	21,206
MARVELL TECHNOLOGY, INC	6,314	6,037
MASIMO CORPORATION	15,852	16,396
MASTEC INC	2,205	2,122
MASTERCARD INC	23,098	24,434
MCCORMICK & CO	1,493	1,642
MCDONALD'S CORP	25,473	26,271
MCKESSON CORP	14,148	15,660
MERCURY COMPUTER SYSTEMS	1,484	1,707
META PLATFORMS INC	62,035	64,579
METLIFE INC	7,143	7,374
MGM RESORTS INTERNATIONAL	1,966	2,064
MICRON TECHNOLOGY	11,158	12,110
MICROSOFT CORP	85,393	85,761
MOLSON COOR BREW CO CL B	2,148	2,132
MONDAY.COM LTD	3,243	16,980
MONSTER BEVERAGE CORP	15,907	17,287
MOTOROLA SOLUTIONS INC	3,059	3,260
NATERA INC	15,920	16,063
NETFLIX INC	25,038	24,098
NEW FORTRESS ENERGY A	15,037	14,291
NEWMONT GOLDCORP CORPORATION	17,368	19,102
NEXTERA ENERGY, INC	28,481	29,408
NUANCE COMMUNICATIONS, INC	16,133	16,319
NVIDIA CORP	63,533	57,646
NXP SEMICONDUCTORS	4,300	4,100
ORACLE CORP	20,982	20,320
OTIS WORLDWIDE CORP	7,456	7,575
PALANTIR TECHNOLOGIES INC	3,250	3,041
PALO ALTO NETWORKS INC	6,812	7,238
PAYPAL HOLDINGS, INC	18,147	17,915
PEPSICO INC	32,577	34,047
PERRIGO CO PLC	15,304	15,910
PLUG POWER INC	1,530	1,186
PNC FINANCIAL GROUP INC	14,028	13,836
POLARIS INDUSTRIES	1,669	1,649
PREMIER INC	2,112	2,306
PROGRESSIVE CORP OHIO	10,649	11,292
PROLOGIS	19,913	21,045
PRUDENTIAL FINCL INC	8,883	9,092
PUBLIC STORAGE INC	14,291	15,732
QUALCOMM INC	21,312	21,213
QUEST DIAGNOSTICS	11,530	12,457
REPLIGEN CORP	16,038	16,420
REYNOLDS CONSUMER PRODUCTS INC	14,297	15,166
RIVER CANYON TOTAL RETURN BOND	2,011,788	2,000,914
ROCKWELL AUTOMATION INC	5,963	5,930
ROKU INC	1,516	1,597
ROYALTY PHARMA CL A	15,928	16,458
RPM INTERNATIONAL INC	3,086	3,232
SALESFORCE.COM	28,301	26,938
SCOTTS CO. CLASS A	1,798	1,932
SHERWIN-WILLIAMS CO	11,962	12,326
SIGNATURE BANK	1,909	1,941
SIMON PPTY GROUP INC	8,125	8,308
SMITH A O CORP DEL COM	4,393	4,550
SNOWFLAKE INC	4,359	4,065
SPECTRUM BRANDS HOLDINGS INC	11,288	11,596
SPIRIT AEROSYSTEMS HOLDINGS CL	4,584	4,869
SPOTIFY TECHNOLOGY SA	1,675	1,638
STARBUCKS CORP COM	17,904	18,013
STATE STREET CORPORATION	2,847	2,790
STEEL DYNAMICS INC	10,386	10,366
SYSCO CORP	3,792	4,085
T. ROWE PRICE GROUP	3,063	2,950
TARGET CORPORATION	20,633	19,441
TESLA MOTORS INC	66,275	66,577
TEXAS INSTRUMENTS INC	21,495	20,355
TEXAS PACIFIC LAND CORPORATION	14,571	13,738
THE BLACKSTONE GROUP INC CL A	9,753	9,057
THE HERSHEY COMPANY	14,196	15,091
THE JM SMUCKER COMPANY	7,553	7,878
THE TRADE DESK INC	2,872	2,749
TJX COMPANIES INC	10,896	11,160
TRANSUNION COM USD0.01	2,658	2,727
TRAVELERS COMPANIES INC	8,879	9,073
TRUIST FINANCIAL CORPORATION	7,451	7,202
TWILIO INC	1,592	1,580
TWITTER INC	1,556	1,513
UBER	7,959	8,763
UNION PACIFIC	27,467	27,964
UNITED PARCEL SERVICE	19,307	20,148
UNITED STATES STEEL CORP	1,505	1,524
UNITEDHEALTH GROUP INC	47,868	51,720
UNITY SOFTWARE INC	2,303	2,145
US BANCORP	10,211	9,942
V F CORP	7,071	6,736
VANGUARD SHORT-TERM TREASURY A	1,319,887	1,316,160
VEEVA SYSTEMS INC	17,549	16,606
VERIZON COMMUNICATIONS	24,887	25,460
VIACOMCBS INC	2,448	2,354
VIRGIN GALACTIC HOLDINGS	1,531	1,311
VISA INC	37,327	39,008
VMWARE INC	6,066	6,026
W. P. CAREY INC	3,885	4,020
WABTEC	1,461	1,474
WAL-MART STORES INC	30,192	31,542
WALT DISNEY HOLDINGS CO	32,273	33,146
WASTE MANAGEMENT INC	20,198	20,529
WATSCO INC	6,275	6,258
WAYFAIR INC	1,611	1,330
WELLS FARGO & CO	25,075	23,942
WEST PHARMA SVCS INC	17,202	18,760
WESTERN DIGITAL CORP	2,959	3,261
WESTLAKE CHEMICAL CORP	4,567	4,565
WHIRLPOOL CORP	4,363	4,459
WILLIAMS SONOMA INC	1,646	1,522
WORKDAY INC	9,248	9,015
XILINX INC	4,924	4,665
XYLEM INC	3,228	3,118
YUM BRANDS INC	2,626	2,777
ZILLOW GROUP, INC (CL C)	1,506	1,532
ZOOM VIDEO COMMUNICATIONS INC	2,458	2,391

- TIN:

TY 2021 InvestmentsOtherSchedule2

Name:

Horizon Charitable Foundation

EIN:

83-1406109

Category/ Item	Book Value	End of Year Fair Market Value
ANTERO PEAK LONG/SHORT OFFSHOR	5,000,000	8,056,339
ARCADIA IREO CO-INVEST I, LLC	166,906	129,803
ARCADIA IREO II INVESTORS LLC	340,275	269,351
ASCENT PRIVATE INV FD II LP	812,063	1,094,548
AUDAX SR LOAN FD I (OFFSHORE),	400,000	400,000
CASDIN PRTNRS OFFSHORE, LTD	2,000,000	1,648,356
DEEP INSIGHT	3,893,014	3,958,495
INSIGHT PARTNERS XI (CLASS A)	9,455,790	18,943,765
INSIGHT PARTNERS XII (CLASS A)	2,785,717	2,895,309
INSIGHT PARTNERS XII BUYOUT AN	743,348	751,392
INSIGHT PTNS FUND X (FOLLOW-ON	3,239,892	4,158,587
INSIGHT PTNS PUBLIC EQUITIES (	11,250,000	12,380,073
IRRADIANT CLO PARTNERS FUND II	1,364,495	1,501,808
NORTHERN TRACE FUND II LLC	3,010,291	3,029,886
RA CAPITAL HEALTHCARE INTERNAT	2,000,000	1,408,587
UP VENTURES I, L.P	212,443	238,935

- TIN:

TY 2021 OtherExpensesSchedule

Name:

Horizon Charitable Foundation

EIN:

83-1406109

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	66,200		66,200
K-1 Exp ASCENT PRIVATE INV FD	54,989	54,933
K-1 Exp DEEP INSIGHT	106,986	106,986
K-1 Exp INSIGHT PARTNERS XI (C	17,580	12,806
K-1 Exp INSIGHT PARTNERS XII (	15,442	11,931
K-1 Exp INSIGHT PARTNERS XII B	8,737	3,207
K-1 Exp INSIGHT PTNS FUND X (F	7,207	7,200
K-1 Exp IRRADIANT CLO PARTNERS	8,372	8,372
K-1 Exp NORTHERN TRACE FUND II	6,591	6,591
K-1 Exp UP VENTURES I, L.P	37,720	37,720
Postage/Delivery Service	66		66
State or Local Filing Fees	25		25

- TIN:

TY 2021 OtherIncomeSchedule2

Name:

Horizon Charitable Foundation

EIN:

83-1406109

Description	Revenue And Expenses Per Books	Net Investment Income
K-1 Inc/Loss ASCENT PRIVATE INV FD II LP	7,644	16,206
K-1 Inc/Loss INSIGHT PARTNERS XI (CLASS A) LP	191	4,951
K-1 Inc/Loss INSIGHT PARTNERS XII (CLASS A), L.P	866	18
K-1 Inc/Loss INSIGHT PARTNERS XII BUYOUT ANNEX FUN	2,038	4
K-1 Inc/Loss INSIGHT PTNS FUND X (FOLLOW-ON FUND)	-2,903	469
K-1 Inc/Loss IRRADIANT CLO PARTNERS FUND II, L.P	247,479	247,479
K-1 Inc/Loss NORTHERN TRACE FUND II LLC	35	35
K-1 Inc/Loss UP VENTURES I, L.P	163	163

- TIN:

TY 2021 OtherProfessionalFeesSchedule

Name:

Horizon Charitable Foundation

EIN:

83-1406109

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Philanthropic Consulting Srvcs	35,600			35,600

- TIN:

TY 2021 ReasonableCauseExplanation

Name:

Horizon Charitable Foundation

EIN:

83-1406109

Explanation:

The Foundation's tax preparer is located in Nassau County, NY, which, per IRS release NY-2021-01 announced on September 9, 2021, is included in the list of localities that constitute a covered disaster area for purposes of Treas. Reg. Sec. 301.7508A-1(d)(2) and are entitled to tax relief due to Hurricane Ida. Additional time was needed to calculate and transmit the tax payment. Therefore, Form 2220 indicates that the Q3 or Q4 estimated tax payment made on or before the extended deadline of February 15, 2022 was, in fact, made timely on the original due date of such payment. We respectfully request that no late payment penalties be assessed in connection with such payment(s) per Treas. Reg. Sec. 301.7508A-1(c)(1).

- TIN:

TY 2021 TaxesSchedule

Name:

Horizon Charitable Foundation

EIN:

83-1406109

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
990-PF Estimated Tax for 2021	466,900
990-PF Excise Tax for 2020	23,705