Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
THE HORNER FOUNDATION
C/O PEMBROKE PHILANTHROPY ADVISORS
Number and street (or P.O. box number if mail is not delivered to street address)150 N RADNOR CHESTER ROAD A110
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RADNOR, PA19087
A Employer identification number

26-0697610
B Telephone number (see instructions)

(610) 896-3868
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$5,730,731J 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 right arrow.............
3 Interest on savings and temporary cash investments 12,828 12,828  
4 Dividends and interest from securities... 117,667 117,667  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 935,630
b Gross sales price for all assets on line 6a 1,785,216
7 Capital gain net income (from Part IV, line 2)... 935,630
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)....... Click to see attachment
List of Attached Documents:
// Content
24,352 11,101  
12 Total. Add lines 1 through 11........ 1,090,477 1,077,226  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
7,900 0   7,900
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
67,510 4,510   63,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,222 3,222   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 63 0   63
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,262 0   2,262
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 80,957 7,732   73,225
25 Contributions, gifts, grants paid....... 301,000 301,000
26 Total expenses and disbursements. Add lines 24 and 25 381,957 7,732   374,225
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 708,520
b Net investment income (if negative, enter -0-) 1,069,494
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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.............      
2 Savings and temporary cash investments......... 159,212 383,333 383,333
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
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)....... 2,517,264 Click to see attachment
List of Attached Documents:
// Content
2,882,241 		4,604,426
c Investments—corporate bonds (attach schedule)....... 679,857 Click to see attachment
List of Attached Documents:
// Content
799,003 		742,972
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,356,333 4,064,577 5,730,731
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 3,356,333 4,064,577
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
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)..... 3,356,333 4,064,577
30 Total liabilities and net assets/fund balances (see instructions). 3,356,333 4,064,577
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
3,356,333
2
Enter amount from Part I, line 27a .....................
2
708,520
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,064,853
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
276
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,064,577
Form 990-PF (2023)
Form 990-PF (2023)
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 P    
b CAPITAL GAINS DIVIDENDS P    
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 1,764,995   849,586 915,409
b 20,221     20,221
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       915,409
b       20,221
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 2 935,630
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
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 right arrow 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) 1 14,866
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 0
3 Add lines 1 and 2........................... 3 14,866
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 14,866
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 3,061
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 11,805
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 14,866
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.......right arrow 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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 XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowPA
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 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
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
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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.THEHORNERFOUNDATION.ORG
14
The books are in care ofright arrowTHE FOUNDATION Telephone no.right arrow (610) 896-3868

Located atright arrow150 N RADNOR CHESTER ROAD A110RADNORPA ZIP+4right arrow19087
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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? .................
16Yes  
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrowUK
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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
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? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(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)
 
No
(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)
 
No
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
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
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 2023? .............
1d
 
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-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))? ..........
5a(1)
 
No
(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)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(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)
 
No
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
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
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? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
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?
7a
 
No
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? .........................
8
 
No
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
CAROLYN HORNER BOARD CHAIR
1.00 		0 0 0
C/O PEMBROKE PHILANTHROPY ADVISORS
150 N RADNOR CHESTER ROAD A110
RADNOR,PA19087
ANN MARIE HORNER FOUNDING TRUSTEE
1.00 		0 0 0
C/O PEMBROKE PHILANTHROPY ADVISORS
150 N RADNOR CHESTER ROAD A110
RADNOR,PA19087
TERRY HORNER FOUNDING TRUSTEE
1.00 		0 0 0
C/O PEMBROKE PHILANTHROPY ADVISORS
150 N RADNOR CHESTER ROAD A110
RADNOR,PA19087
MEGHANN HORNER-SMITH TRUSTEE
1.00 		0 0 0
C/O PEMBROKE PHILANTHROPY ADVISORS
150 N RADNOR CHESTER ROAD A110
RADNOR,PA19087
DAMON LEVY TRUSTEE
1.00 		0 0 0
C/O PEMBROKE PHILANTHROPY ADVISORS
150 N RADNOR CHESTER ROAD A110
RADNOR,PA19087
KATHRYN HORNER TRUSTEE
1.00 		0 0 0
C/O PEMBROKE PHILANTHROPY ADVISORS
150 N RADNOR CHESTER ROAD A110
RADNOR,PA19087
TRACY HORNER CULLEN TRUSTEE
1.00 		0 0 0
C/O PEMBROKE PHILANTHROPY ADVISORS
150 N RADNOR CHESTER ROAD A110
RADNOR,PA19087
JAY CULLEN TRUSTEE
1.00 		0 0 0
C/O PEMBROKE PHILANTHROPY ADVISORS
150 N RADNOR CHESTER ROAD A110
RADNOR,PA19087
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...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
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
PEMBROKE PHILANTHROPY ADVISORS FOUNDATION MANAGEMENT SERVICES 63,000
150 N RADNOR CHESTER ROAD A110
RADNOR,PA19087
Total number of others receiving over $50,000 for professional services.............right arrow0
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.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
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
5,150,405
b
Average of monthly cash balances.......................
1b
304,821
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
5,455,226
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
5,455,226
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
81,828
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
5,373,398
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
268,670
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.)
1
Minimum investment return from Part IX, line 6..................
1
268,670
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
14,866
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
14,866
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
253,804
4
Recoveries of amounts treated as qualifying distributions................
4
13,251
5
Add lines 3 and 4............................
5
267,055
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 XII, line 1 ...
7
267,055
Part XI
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
374,225
b
Program-related investments—total from Part VIII-B..................
1b
0
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 XII, line 4. .......
4
374,225
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 267,055
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 417,310
b From 2019...... 293,827
c From 2020...... 382,092
d From 2021...... 64,095
e From 2022...... 209,534
f Total of lines 3a through e ........ 1,366,858
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 374,225
a Applied to 2022, 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 2023 distributable amount..... 267,055
e Remaining amount distributed out of corpus 107,170
5 Excess distributions carryover applied to 2023. 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 1,474,028
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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 2018 not
applied on line 5 or line 7 (see instructions) ... 		417,310
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		1,056,718
10 Analysis of line 9:
a Excess from 2019.... 293,827
b Excess from 2020.... 382,092
c Excess from 2021.... 64,095
d Excess from 2022.... 209,534
e Excess from 2023.... 107,170
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
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).)
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 right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
DAPHNE ROWE
150 N RADNOR CHESTER ROAD SUITE
A110
RADNOR,PA19087
(610) 896-3868
DROWE@PEMBROKEPHILANTHROPY.NET
bThe form in which applications should be submitted and information and materials they should include:
ALL APPLICATIONS AND PROPOSALS MUST BE SUBMITTED VIA OUR ONLINE GRANT PORTAL AT OUR WEBSITE, WWW.THEHORNERFOUNDATION.ORG. THE 2024 GRANT CYCLE AND CALENDAR IS STILL BEING DETERMINED. THE FOUNDATION'S WEBSITE WILL BE UPDATED AS DECISIONS ARE MADE.
cAny submission deadlines:
NONE AT THIS TIME. PLEASE CHECK OUR WEBSITE FOR FUTURE DATES.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
TYPES OF ORGANIZATIONS THAT SHOULD APPLY: - NONPROFIT ORGANIZATIONS SERVING YOUTH IN GREATER VICTORIA, BC - MEANINGFULLY AND RESPECTFULLY INTEGRATE INDIGENOUS FOOD SYSTEMS AND FOOD WAYS INTO FOOD LITERACY PROGRAMMING - CURRENTLY WORK WITH UNDER-RESOURCED YOUTH AGED 10-19 YEARS (MIDDLE AND HIGH SCHOOL) - HAVE AN INTEREST IN IMPROVING THEIR CAPACITY TO COLLECT, UNDERSTAND, AND USE DATA FOR ONGOING IMPROVEMENTS AND STRONGER RESULTS
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
DAPHNE ROWE
150 N RADNOR CHESTER ROAD SUITE
A110
RADNOR,PA19087
(610) 896-3868
DROWE@PEMBROKEPHILANTHROPY.NET
bThe form in which applications should be submitted and information and materials they should include:
ALL APPLICATIONS AND PROPOSALS MUST BE SUBMITTED VIA OUR ONLINE GRANT PORTAL AT OUR WEBSITE, WWW.THEHORNERFOUNDATION.ORG. THE 2024 GRANT CYCLE AND CALENDAR IS STILL BEING DETERMINED. THE FOUNDATION'S WEBSITE WILL BE UPDATED AS DECISIONS ARE MADE.
cAny submission deadlines:
NONE AT THIS TIME. PLEASE CHECK OUR WEBSITE FOR FUTURE DATES.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
TYPES OF ORGANIZATIONS THAT SHOULD APPLY: - NONPROFIT ORGANIZATIONS SERVING YOUTH IN ALAMEDA AND CONTRA COSTA COUNTIES - EMPHASIS ON UNDER-RESOURCED YOUTH AGED 10-19 YEARS (MIDDLE & HIGH SCHOOL STUDENTS) - ORGANIZATION MUST HAVE INTEREST IN IMPROVING THEIR CAPACITY TO COLLECT, UNDERSTAND, AND USE DATA FOR ONGOING IMPROVEMENTS AND STRONGER RESULTS TWO FUNDING FOCUSES: 1. YOUTH FOOD JUSTICE 2. GIRLS EMPOWERMENT
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
DAPHNE ROWE
150 N RADNOR CHESTER ROAD SUITE
A110
RADNOR,PA19087
(610) 896-3868
DROWE@PEMBROKEPHILANTHROPY.NET
bThe form in which applications should be submitted and information and materials they should include:
ALL APPLICATIONS AND PROPOSALS MUST BE SUBMITTED VIA OUR ONLINE GRANT PORTAL AT OUR WEBSITE, WWW.THEHORNERFOUNDATION.ORG. THE 2024 GRANT CYCLE AND CALENDAR IS STILL BEING DETERMINED. THE FOUNDATION'S WEBSITE WILL BE UPDATED AS DECISIONS ARE MADE.
cAny submission deadlines:
NONE AT THIS TIME. PLEASE CHECK OUR WEBSITE FOR FUTURE DATES.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
TYPES OF PROGRAMS THAT SHOULD APPLY: - CHARITABLE ORGANIZATIONS WORKING WITH UNDERSERVED YOUTH AGED 11-25 - ORGANIZATIONS WORKING IN THE TOWNS OF CORBY & KETTERING, NORTHAMPTONSHIRE - ORGANIZATIONS ALREADY WORKING IN THESE CITIES, OR WISHING TO EXPAND SERVICES INTO CORBY AND/OR KETTERING - ALL SUCCESSFUL GRANTS WILL BE REQUIRED TO MONITOR OUTCOMES IN A SPECIFIC WAY, SO THAT DATA CAN BE COMPARED FOR THE REGION
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
DAPHNE ROWE
150 N RADNOR CHESTER ROAD SUITE
A110
RADNOR,PA19087
(610) 896-3868
DROWE@PEMBROKEPHILANTHROPY.NET
bThe form in which applications should be submitted and information and materials they should include:
ALL APPLICATIONS AND PROPOSALS MUST BE SUBMITTED VIA OUR ONLINE GRANT PORTAL AT OUR WEBSITE, WWW.THEHORNERFOUNDATION.ORG. THE 2024 GRANT CYCLE AND CALENDAR IS STILL BEING DETERMINED. THE FOUNDATION'S WEBSITE WILL BE UPDATED AS DECISIONS ARE MADE.
cAny submission deadlines:
NONE AT THIS TIME. PLEASE CHECK OUR WEBSITE FOR FUTURE DATES.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
TYPES OF ORGANIZATIONS THAT SHOULD APPLY: - NONPROFIT ORGANIZATIONS SERVING YOUTH IN PHILADELPHIA COUNTY - EMPHASIS ON UNDERSERVED YOUTH AGED 10-19 (MIDDLE AND HIGH SCHOOL) - MINIMUM ORGANIZATIONAL REVENUE AT LEAST $150,000 USD IN MOST RECENT FISCAL YEAR - OPERATING AS A 501(C)(3) PUBLIC CHARITY FOR A MINIMUM OF THREE YEARS - DEMONSTRATED STRONG STAFF LEADERSHIP AND MANAGEMENT CAPACITY - ORGANIZATION SHOULD SERVE YOUTH IN ON-GOING OST PROGRAMMING (AS OPPOSED TO ONE-TIME EVENTS)
Form 990-PF (2023)
Form 990-PF (2023)
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)
aPaid during the year

ACADEMY OF NATURAL SCIENCES

1900 BENJAMIN FRANKLIN PARKWAY
PHILADELPHIA,PA19103 		  PC WOMEN IN NATURAL SCIENCES 20,000

ACTA NON VERBA YOUTH URBAN FARM PROJECT

1001 83RD AVENUE MAILBOX 1
OAKLAND,CA94621 		  PC NO LIMIT LEADERSHIP PROGRAM (FORMERLY KNOWN AS CAMP ANV LEADERS-IN-TRAINING AND JUNIOR COUNSELORS) 25,000

AGRICULTURAL INSTITUTE OF MARIN (AIM)

2169 FRANCISCO BLVD E SUITE A
SAN RAFAEL,CA94901 		  PC ENTITY SUPPORT 500

BENTLEY SCHOOL

1000 UPPER HAPPY VLY RD
LAFAYETTE,CA945492830 		  PC ENTITY SUPPORT 500

BROWN UNIVERSITY

BOX 1877
PROVIDENCE,RI02912 		  PC ENTITY SUPPORT 2,000

DAVENTRY VOLUNTEER CENTRE

13 NEW STREET
DAVENTRY,NORTHAMPTONSHIRENN11 4BT
UK 		  NC MILK & YOU PEER SUPPORT 28,000

JULIA MORGAN SCHOOL FOR GIRLS

C/O MILLS COLLEGE AT NORTHEASTERN
5000 MACARTHUR BLVD 25
OAKLAND,CA946131301 		  PC ENTITY SUPPORT 500

OAKLAND LACROSSE CLUB

248 3RD STREET 438
OAKLAND,CA94607 		  PC LEADING WITH THE GIRLS ($30,000), ENTITY SUPPORT ($2,500) 32,500

PHILADELPHIA ROBOTICS COALITION INC

100 S JUNIPER STREET
PHILADELPHIA,PA19107 		  PC AFTERSCHOOL ROBOTICS: PATHWAYS TO STEM COLLEGE & CAREER FOR UNDERSERVED PHILADELPHIA YOUTH 20,000

PLANTING JUSTICE

319 105TH AVENUE
OAKLAND,CA94603 		  PC FOOD SOVEREIGNTY YOUTH LEADERSHIP PROGRAM 30,000

PORTLAND INSIGHT MEDITATION COMMUNITY

6536 SE DUKE STREET
PORTLAND,OR972066665 		  PC ENTITY SUPPORT 5,000

PROSPECT SIERRA SCHOOL

960 AVIS DRIVE
EL CERRITO,CA94530 		  PC ENTITY SUPPORT 500

SCHWAB CHARITABLE FUND

211 MAIN STREET
SAN FRANCISCO,CA94105 		  PC ENTITY SUPPORT 5,000

THE FRANKLIN INSTITUTE

222 N 20TH STREET
PHILADELPHIA,PA19103 		  PC PACTS AND STEM SCHOLARS AT THE FRANKLIN INSTITUTE 20,000

THE PEDDIE SCHOOL

201 S MAIN STREET
HIGHTSTOWN,NJ08520 		  PC ENTITY SUPPORT 500

THE PHILADELPHIA EDUCATION FUND

718 ARCH STREET SUITE 700N
PHILADELPHIA,PA19106 		  PC PHILADELPHIA STEM ECOSYSTEM - MCKINNEY CENTER FOR STEM EDUCATION 20,000

UNCOMMON LAW

318 HARRISON STREET SUITE 103
OAKLAND,CA94607 		  PC ENTITY SUPPORT 500

UNIVERSITY CITY SCIENCE CENTER

3675 MARKET STREET SUITE 400
PHILADELPHIA,PA19104 		  PC FIRSTHAND 15,000

URBAN ADAMAH

1151 6TH STREET
BERKELEY,CA94710 		  PC TEEN DEVELOPMENT INTERNSHIP ($5,000), ENTITY SUPPORT ($2,500) 7,500

VICTORIA COMMUNITY FOOD HUB SOCIETY

808 VIEWFIELD ROAD
VICTORIA,BRITISH COLUMBIAV9A 4V1
CA 		  NC SWCENENITEL FOODS INITIATIVE 63,000

VICTORIA FOUNDATION

703 BROUGHTON STREET 200
VICTORIA,BRITISH COLUMBIAV8W 1E2
CA 		  NC FUNDING TO OTHER REGISTERED CHARITIES, AS PER THE COMMUNITY FOUNDATION AGREEMENT 5,000
Total .................................right arrow 3a 301,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
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
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 12,828  
4 Dividends and interest from securities ....     14 117,667  
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 .....     01 11,101  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 935,630  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aGRANT RECOVERY 		    01 13,251  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,090,477 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,090,477
(See worksheet in line 13 instructions to verify calculations.)
Part XV-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 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 (2023)
Form 990-PF (2023)
Page 13
Part XVI
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
THE HORNER FOUNDATION
 
C/O PEMBROKE PHILANTHROPY ADVISORS
EIN:
26-0697610
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEES 7,900 0   7,900

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

TY 2023 ExpenditureResponsibilityStmt
Name:
THE HORNER FOUNDATION
 
C/O PEMBROKE PHILANTHROPY ADVISORS
EIN:
26-0697610
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
DAVENTRY VOLUNTEER CENTRE
  		13 NEW STREET
DAVENTRY,NORTHAMPTONSHIRENN11 4BT
UK 		2022-08-11 28,000 MILK & YOU PEER SUPPORT 28,000 NONE 7/17/2023   GRANTOR HAS NO REASON TO DOUBT THE GRANTEE'S USE OF FUNDS; THEREFORE, NO INDEPENDENT VERIFICATION HAS BEEN MADE TO DATE.
DAVENTRY VOLUNTEER CENTRE
  		13 NEW STREET
DAVENTRY,NORTHAMPTONSHIRENN11 4BT
UK 		2023-08-16 28,000 MILK & YOU PEER SUPPORT 0 NONE REPORT NOT YET DUE   GRANTOR HAS NO REASON TO DOUBT THE GRANTEE'S USE OF FUNDS; THEREFORE, NO INDEPENDENT VERIFICATION HAS BEEN MADE TO DATE.
DOWNTOWN BLANSHARD ADVISORY COMMITTEE
  		901 KINGS ROAD
VICTORIA,BRITISH COLUMBIAV8T 1W5
CA 		2021-09-10 4,954 NON-PROFITS, FRONTLINE YOUTH WORKERS, AND STUDENTS HAVE BARRIERS TO ACCESSING PROFESSIONAL DEVELOPMENT OPPORTUNITIES DUE TO PART-TIME WORK AND LOW WAGES. THE HYPE CONFERENCE IS A LOW-BARRIER CONFERENCE THAT PROVIDES PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR 80-100 PEOPLE EACH YEAR IN THE GREATER VICTORIA AREA. EACH YEAR WE HAVE SEEN OUR NUMBERS GROW. OVER 90% OF PARTICIPANTS HAVE INDICATED THAT HYPE WAS ACCESSIBLE AND VALUABLE FOR LEARNING, RELEVANT TO THE WORK THEY DO IN THE COMMUNITY, WORTH THEIR TIME, AND PROVIDED A SPACE FOR ENGAGEMENT AND CONNECTION TO A LARGER GROUP. YOUTH SERVICE PROVIDERS IN OUR COMMUNITY HAVE ASKED FOR THE HYPE CONFERENCE TO CONTINUE AND THE GRANT FROM THE HORNER FOUNDATION WILL ENSURE THAT IT DOES. WHILE THE HYPE CONFERENCE WAS PLANNED FOR NOVEMBER 2021, IT WAS CANCELLED DUE TO COVID. THE FOUNDATION GRANTED THE ORGANIZATION AN EXTENSION. 1,150 SEE STATEMENT 15 4/3/2023   GRANTOR HAS NO REASON TO DOUBT THE GRANTEE'S USE OF FUNDS; THEREFORE, NO INDEPENDENT VERIFICATION HAS BEEN MADE TO DATE.
DOWNTOWN BLANSHARD ADVISORY COMMITTEE
  		901 KINGS ROAD
VICTORIA,BRITISH COLUMBIAV8T 1W5
CA 		2021-10-29 4,954 THE FOOD SKILLS FOR YOUTH PROGRAM (FSYP) AIMS TO CONNECT YOUTH WITH HEALTHY EATING CHOICES, WORK EXPERIENCE, AND LIFE SKILLS WHILE HAVING FUN AND WORKING AS PART OF A TEAM. YOUTH WILL BE TAUGHT THE BASIC CULINARY SKILLS THEY NEED TO RUN A FOOD CART AND COOK HEALTHY MEALS FOR THEIR FAMILIES WHILE ENHANCING THEIR EMPLOYABILITY SKILLS AND LEADERSHIP SKILLS BY TAILORING OPPORTUNITIES BASED ON DEVELOPMENTAL NEEDS/STAGES OF THE YOUTH PARTICIPANTS. 4,954 NONE 4/6/2023   GRANTOR HAS NO REASON TO DOUBT THE GRANTEE'S USE OF FUNDS; THEREFORE, NO INDEPENDENT VERIFICATION HAS BEEN MADE TO DATE.
DOWNTOWN BLANSHARD ADVISORY COMMITTEE
  		901 KINGS ROAD
VICTORIA,BRITISH COLUMBIAV8T 1W5
CA 		2022-05-31 25,000 THE FOOD SKILLS FOR YOUTH PROGRAM (FSYP) AIMS TO CONNECT YOUTH WITH HEALTHY EATING CHOICES, WORK EXPERIENCE, AND LIFE SKILLS WHILE HAVING FUN AND WORKING AS PART OF A TEAM. YOUTH WILL BE TAUGHT THE BASIC CULINARY SKILLS THEY NEED TO RUN A FOOD CART AND COOK HEALTHY MEALS FOR THEIR FAMILIES WHILE ENHANCING THEIR EMPLOYABILITY SKILLS AND LEADERSHIP SKILLS BY TAILORING OPPORTUNITIES BASED ON DEVELOPMENTAL NEEDS/STAGES OF THE YOUTH PARTICIPANTS. 12,846 NONE 8/17/2023   GRANTOR HAS NO REASON TO DOUBT THE GRANTEE'S USE OF FUNDS; THEREFORE, NO INDEPENDENT VERIFICATION HAS BEEN MADE TO DATE.
MADDIE'S MIRACLE
  		CASTLE STREET
AYLESBURY,WAREHAMHP20 2RE
UK 		2022-07-29 2,445 BREASTFEEDING EDUCATION AND PERINATAL SUPPORT AROUND THE UNITED KINGDOM 0 NONE REPORT NOT YET DUE   GRANTOR HAS NO REASON TO DOUBT THE GRANTEE'S USE OF FUNDS; THEREFORE, NO INDEPENDENT VERIFICATION HAS BEEN MADE TO DATE.
NORTHAMPTONSHIRE RAPE CRISIS
  		FLOOR TWO WARWICK HOUSE BILLING RD
CLIFTONVILLE
NORTHAMPTON   NN1 5BE
UK 		2022-05-31 15,000 UNDERSTANDING HEALTHY RELATIONSHIPS AND IDENTIFYING SEXUAL HARASSMENT 0 NONE 7/17/2023   GRANTOR HAS NO REASON TO DOUBT THE GRANTEE'S USE OF FUNDS; THEREFORE, NO INDEPENDENT VERIFICATION HAS BEEN MADE TO DATE.
NORTHAMPTONSHIRE RIGHTS AND EQUALITY COUNCIL
  		C/O NORTHAMPTON COLLAGE OAK
BUILDING BOOTH LANE
NORTHAMPTON,NORTHAMPTONSHIRENN3 3RF
UK 		2021-09-10 27,873 SUPPORT TO HELP YOUNG MUMS IN KETTERING AND CORBY CHALLENGE DISCRIMINATION: THE COUNCIL CAMPAIGNS FOR SOCIAL JUSTICE IN NORTHAMPTONSHIRE REGARDLESS OF RACE, COLOR, RELIGION, DISABILITY, AGE, SEXUALITY, TRANSGENDER STATUS, OR GENDER. THIS PROJECT WILL SUPPORT YOUNG WOMEN DURING THEIR ANTENATAL AND IMMEDIATE POSTNATAL PERIOD TO CHALLENGE DISCRIMINATION FROM EMPLOYERS WHO MAY BE RESISTANT TO THEM ACCESSING ANTENATAL APPOINTMENTS AND FROM STUDENT MIDWIVES, STUDENT NURSES ON PLACEMENT IN THE COMMUNITY, AND STUDENT PEDIATRIC NURSES. 27,873 SEE STATEMENT 16 2/16/2023   GRANTOR HAS NO REASON TO DOUBT THE GRANTEE'S USE OF FUNDS; THEREFORE, NO INDEPENDENT VERIFICATION HAS BEEN MADE TO DATE.
PEN GREEN CENTRE FOR CHILDREN AND FAMILIES
  		PEN GREEN LANE
CORBY,NORTHAMPTONSHIRENN17 1JB
UK 		2021-09-13 28,280 HEALTH EDUCATION AND SOCIAL SUPPORTS FOR YOUNG MUMS IN THE TOWN OF CORBY (AND KETTERING): IT HAS BEEN ILLUSTRATED THAT THE MOST EFFECTIVE WAY OF DELIVERING COHERENT EDUCATION, HEALTH, AND SOCIAL SERVICES TO YOUNG FAMILIES IS THROUGH A COMMUNITY DROP-IN MODEL. THE CENTRE BELIEVES THAT CHILDREN AND THEIR FAMILIES NEED SERVICES WHICH PROMOTE FULL SOCIAL PARTICIPATION AND ENABLE THEM TO MAXIMIZE THEIR HEALTH, WELL-BEING, AND LIFE CHANCES. THE CENTRE RECOGNIZES THAT EDUCATION BEGINS AT BIRTH, AND HIGHLIGHTS THE KEY ROLE YOUNG PARENTS PLAY AS THEIR CHILD'S FIRST EDUCATORS. THE CENTRE FOCUSES ON EACH INDIVIDUAL'S RIGHT TO GAIN CONTROL OVER THEIR OWN LIVES, RECOGNIZING THE BARRIERS TO SERVICES AND EDUCATION PREVIOUSLY EXPERIENCED, AND PROMOTING LEARNING AS A LIFELONG JOURNEY. 28,280 NONE 2/23/2023   GRANTOR HAS NO REASON TO DOUBT THE GRANTEE'S USE OF FUNDS; THEREFORE, NO INDEPENDENT VERIFICATION HAS BEEN MADE TO DATE.
PEN GREEN CENTRE FOR CHILDREN AND FAMILIES
  		PEN GREEN LANE
CORBY,NORTHAMPTONSHIRENN17 1BJ
UK 		2022-11-28 7,334 HEALTH EDUCATION AND SOCIAL SUPPORTS FOR YOUNG MUMS IN THE TOWN OF CORBY (AND KETTERING): IT HAS BEEN ILLUSTRATED THAT THE MOST EFFECTIVE WAY OF DELIVERING COHERENT EDUCATION, HEALTH, AND SOCIAL SERVICES TO YOUNG FAMILIES IS THROUGH A COMMUNITY DROP-IN MODEL. THE CENTRE BELIEVES THAT CHILDREN AND THEIR FAMILIES NEED SERVICES WHICH PROMOTE FULL SOCIAL PARTICIPATION AND ENABLE THEM TO MAXIMIZE THEIR HEALTH, WELL-BEING, AND LIFE CHANCES. THE CENTRE RECOGNIZES THAT EDUCATION BEGINS AT BIRTH, AND HIGHLIGHTS THE KEY ROLE YOUNG PARENTS PLAY AS THEIR CHILD'S FIRST EDUCATORS. THE CENTRE FOCUSES ON EACH INDIVIDUAL'S RIGHT TO GAIN CONTROL OVER THEIR OWN LIVES, RECOGNIZING THE BARRIERS TO SERVICES AND EDUCATION PREVIOUSLY EXPERIENCED, AND PROMOTING LEARNING AS A LIFELONG JOURNEY. 7,334 NONE 5/22/2023   GRANTOR HAS NO REASON TO DOUBT THE GRANTEE'S USE OF FUNDS; THEREFORE, NO INDEPENDENT VERIFICATION HAS BEEN MADE TO DATE.
RAHAM PROJECT
  		ALLAMA IQBAL COMMUNITY CENTRE 157
CROMWELL ROAD
PETERBOROUGH    
UK 		2022-11-28 611 PROVIDE SUPPORT FOR ALL THINGS RELATED TO PREGNANCY, CHILDBIRTH, AND THE POST-BIRTH PERIOD WITH AN EMPHASIS ON MAINTAINING AND IMPROVING MATERNAL MENTAL WELL-BEING FOR MOTHERS AND THEIR PARTNERS OF ETHNIC MINORITY BACKGROUNDS. 611 NONE 3/3/2023   GRANTOR HAS NO REASON TO DOUBT THE GRANTEE'S USE OF FUNDS; THEREFORE, NO INDEPENDENT VERIFICATION HAS BEEN MADE TO DATE.
SOOKE SCHOOL DISTRICT #62 EDWARD MILNE COMMUNITY SCHOOL
  		6218 SOOKE ROAD
SOOKE,BRITISH COLUMBIAV9Z 1J1
CA 		2021-10-29 5,000 ENHANCING YOUTH FOOD LITERACY AND HEALTHY SCHOOL FOOD SYSTEMS THROUGH GARDEN LEARNING: THE GARDEN PROJECT WILL TEACH STUDENTS ABOUT LOCAL FOOD SOURCES, AND HOW TO GROW THEIR OWN FOOD, AND IN THE LONG TERM IT WILL BUILD THEIR CAPACITY AS CONTRIBUTING MEMBERS OF THEIR FAMILIES, WITH THE HOPE THAT STUDENTS WILL BE ABLE TO GROW THEIR OWN GARDEN BEDS AND TRANSFER THEIR LEARNING FROM SCHOOL TO HOME, THUS BUILDING THEIR FOOD SECURITY. 5,000 NONE 3/7/2023   GRANTOR HAS NO REASON TO DOUBT THE GRANTEE'S USE OF FUNDS; THEREFORE, NO INDEPENDENT VERIFICATION HAS BEEN MADE TO DATE.
SOUND FOUNDATIONS EARLY INTERVENTION & PSYCHOTHERAPY HUB CIC
  		60 MIDLAND ROAD
WELLINGBOROUGH,NORTHAMPTONSHIRENN8 1LU
UK 		2022-08-11 29,000 TINY STEPS 15,749 SEE STATEMENT 17 9/11/2023   GRANTOR HAS NO REASON TO DOUBT THE GRANTEE'S USE OF FUNDS; THEREFORE, NO INDEPENDENT VERIFICATION HAS BEEN MADE TO DATE.
VICTORIA COMMUNITY FOOD HUB SOCIETY
  		808 VIEWFIELD RD
VICTORIA,BRITISH COLUMBIAV9A 4V1
CA 		2021-10-15 2,000 CAPITAL REGION FOOD AND AGRICULTURE INITATIVES ROUNDTABLE: YOUTH STREAM - GOOD FOOD NETWORK CONFERENCE SPONSORSHIP 2,000 NONE 3/10/2023   GRANTOR HAS NO REASON TO DOUBT THE GRANTEE'S USE OF FUNDS; THEREFORE, NO INDEPENDENT VERIFICATION HAS BEEN MADE TO DATE.
VICTORIA COMMUNITY FOOD HUB SOCIETY
  		808 VIEWFIELD RD
VICTORIA,BRITISH COLUMBIAV9A 4V1
CA 		2021-10-22 5,000 CAPITAL REGION FOOD AND AGRICULTURE INITIATIVES ROUNDTABLE: YOUTH FLAVOUR 3.0 - SPROUTING YOUTH FOOD ACTION 5,000 NONE 3/10/2023   GRANTOR HAS NO REASON TO DOUBT THE GRANTEE'S USE OF FUNDS; THEREFORE, NO INDEPENDENT VERIFICATION HAS BEEN MADE TO DATE.
VICTORIA COMMUNITY FOOD HUB SOCIETY
  		808 VIEWFIELD RD
VICTORIA,BRITISH COLUMBIAV9A 4V1
CA 		2022-08-15 65,000 SWCENENITEL FOODS INITIATIVE 65,000 NONE 3/20/2023   GRANTOR HAS NO REASON TO DOUBT THE GRANTEE'S USE OF FUNDS; THEREFORE, NO INDEPENDENT VERIFICATION HAS BEEN MADE TO DATE.
VICTORIA COMMUNITY FOOD HUB SOCIETY
  		808 VIEWFIELD RD
VICTORIA,BRITISH COLUMBIAV9A 4V1
CA 		2023-03-27 63,000 SWCENENITEL FOODS INITIATIVE 0 NONE REPORT NOT YET DUE   GRANTOR HAS NO REASON TO DOUBT THE GRANTEE'S USE OF FUNDS; THEREFORE, NO INDEPENDENT VERIFICATION HAS BEEN MADE TO DATE.
VICTORIA FOUNDATION
  		703 BROUGHTON STREET 200
VICTORIA,BRITISH COLUMBIAV8W 1E2
CA 		2022-12-09 8,000 FUNDING TO OTHER REGISTERED CHARITIES, AS PER THE COMMUNITY FOUNDATION AGREEMENT. 2,968 NONE 12/20/2023   GRANTOR HAS NO REASON TO DOUBT THE GRANTEE'S USE OF FUNDS; THEREFORE, NO INDEPENDENT VERIFICATION HAS BEEN MADE TO DATE.
VICTORIA FOUNDATION
  		703 BROUGHTON STREET 200
VICTORIA,BRITISH COLUMBIAV8W 1E2
CA 		2023-12-21 5,000 FUNDING TO OTHER REGISTERED CHARITIES, AS PER THE COMMUNITY FOUNDATION AGREEMENT. 0 NONE REPORT NOT YET DUE   GRANTOR HAS NO REASON TO DOUBT THE GRANTEE'S USE OF FUNDS; THEREFORE, NO INDEPENDENT VERIFICATION HAS BEEN MADE TO DATE.

TY 2023 GeneralExplanationAttachment
Name:
THE HORNER FOUNDATION
 
C/O PEMBROKE PHILANTHROPY ADVISORS
EIN:
26-0697610
Identifier Return Reference Explanation
  PART VI-B, LINE 5D - DIVERSION OF FUNDS BY GRANTEE DOWNTOWN BLANSHARD ADVISORY COMMITTEEWHILE THE HYPE CONFERENCE WAS PLANNED FOR NOVEMBER 2021, IT WAS CANCELLED DUE TO COVID. THANK A YOUTH WORKER DAY, WHICH WAS ALSO PART OF THE GRANT FOCUS, WENT AHEAD AS PLANNED AND ACCOUNTS FOR THE $1,150 SPENT. THE FOUNDATION GRANTED THE ORGANIZATION AN EXTENSION AND THE REMAINING $3,804 WILL BE SPENT ON THE 2023 HYPE CONFERENCE.
  PART VI-B, LINE 5D - DIVERSION OF FUNDS BY GRANTEE NORTHAMPTONSHIRE RIGHTS AND EQUALITY COUNCILAS A RESULT OF PANDEMIC RESTRICTIONS, THE ORGANIZATION WAS NOT ABLE TO WORK WITH STUDENT NURSES AND MIDWIFES. AS A RESULT, THE GRANTEE REQUESTED AND THE FOUNDATION APPROVED A CHANGE IN PURPOSE TO A DIFFERENT PROGRAM. THE PROGRAM STILL FALLS WITHIN IRC SEC. 170(C)(2)(B) AND IS TO PROMOTE THE PUBLIC LEGAL EDUCATION THROUGH A VARIETY OF SOCIAL MEDIA RESOURCES, SUCH AS YOUTUBE FILMS.
  PART VI-B, LINE 5D - DIVERSION OF FUNDS BY GRANTEE SOUND FOUNDATIONS EARLY INTERVENTION & PSYCHOTHERAPY HUB C.I.C.ALL FUNDS EXPENDED WENT TOWARDS THE ORIGINALLY INTENDED PURPOSE WITH NO DIVERSION IDENTIFIED. THE GRANTEE WAS NOT ABLE TO SECURE FURTHER LONG-TERM FUNDING TO ALLOW THE PROGRAM SERVICES TO CONTINUE, SO THE GRANTEE SHUT DOWN THE PROGRAM. UNSPENT FUNDS TOTALING $13,251 WERE RETURNED TO THE FOUNDATION.

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE HORNER FOUNDATION
 
C/O PEMBROKE PHILANTHROPY ADVISORS
EIN:
26-0697610
Name of Bond End of Year Book Value End of Year Fair Market Value
VANGUARD TOTAL INTL BOND INDEX FUND ADMIRAL CLASS, 11,391.125 SH 240,644 224,633
VANGUARD TOTAL BOND MARKET INDEX FUND ADMIRAL CLASS, 53,381.981 SH 558,359 518,339

TY 2023 InvestmentsCorpStockSchedule
Name:
THE HORNER FOUNDATION
 
C/O PEMBROKE PHILANTHROPY ADVISORS
EIN:
26-0697610
Name of Stock End of Year Book Value End of Year Fair Market Value
VANGUARD WINDSOR II FUND ADMIRAL CLASS, 3,743.123 SH 185,973 284,702
VANGUARD TOTAL STOCK MARKET INDEX FUND ADMIRAL CLASS, 15,418.807 SH 497,650 1,780,718
VANGUARD TOTAL INTL STOCK INDEX FUND ADMIRAL CLASS, 39,615.228 SH 998,618 1,233,222
VANGUARD INTL CORE STOCK FUND ADMIRAL CLASS, 7,588.312 SH 174,000 182,878
VANGUARD CAPITAL OPPORTUNITY FUND ADMIRAL CLASS, 2,627.173 SH 408,000 470,816
VANGUARD ADVICE SELECT INTL GROWTH FUND ADMIRAL CLASS, 10,936.518 SH 174,000 177,718
VANGUARD ADVICE SELECT GLOBAL VALUE FUND ADMIRAL CLASS, 11,009.174 SH 264,000 283,046
VANGUARD ADVICE SELECT DIVIDEND GROWTH FUND ADMIRAL CLASS, 7,123.071 SH 180,000 191,326

TY 2023 OtherDecreasesSchedule
Name:
THE HORNER FOUNDATION
 
C/O PEMBROKE PHILANTHROPY ADVISORS
EIN:
26-0697610
Description Amount
CONVERSION RATE ADJUSTMENT 276


TY 2023 OtherExpensesSchedule
Name:
THE HORNER FOUNDATION
 
C/O PEMBROKE PHILANTHROPY ADVISORS
EIN:
26-0697610
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DUES AND SUBSCRIPTIONS 1,400 0   1,400
INFORMATION TECHNOLOGY 104 0   104
INSURANCE 698 0   698
WIRE TRANSFER FEES 60 0   60


TY 2023 OtherIncomeSchedule2
Name:
THE HORNER FOUNDATION
 
C/O PEMBROKE PHILANTHROPY ADVISORS
EIN:
26-0697610
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
LEGAL SETTLEMENT 11,101 11,101 11,101
GRANT RECOVERY 13,251   13,251


TY 2023 OtherProfessionalFeesSchedule
Name:
THE HORNER FOUNDATION
 
C/O PEMBROKE PHILANTHROPY ADVISORS
EIN:
26-0697610
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 4,510 4,510   0
FOUNDATION MANAGEMENT 63,000 0   63,000


TY 2023 TaxesSchedule
Name:
THE HORNER FOUNDATION
 
C/O PEMBROKE PHILANTHROPY ADVISORS
EIN:
26-0697610
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 3,222 3,222   0