Horizon Charitable Foundation Inc DBA Horizon Foundation of New Jersey
Horizon Charitable Foundation Inc DBA Horizon Foundation of New Jersey is a private foundation, based in Newark, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $90.1M in total assets. In 2025, it awarded 1 grant totaling $3.0M. Net investment income was $8.7M.
Horizon Charitable Foundation Inc DBA Horizon Foundation of New Jersey at a glance
In short: Horizon Charitable Foundation Inc DBA Horizon Foundation of New Jersey gave $3.0M across 1 grant in 2025 (avg $3.0M), mostly in New Jersey. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,991,000
- -8.6% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $2,991,000
- -8.6% vs 2024
- Median grant
- $2,991,000
- Total assets
- $90,110,278
- +11.8% vs 2024
- Primary geography
- New Jersey (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Horizon Charitable Foundation Inc DBA Horizon Foundation of New Jersey
Open Grants
1 open opportunity from Horizon Charitable Foundation Inc DBA Horizon Foundation of New Jersey
Who Horizon Charitable Foundation Inc DBA Horizon Foundation of New Jersey funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $1–5M range: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Horizon Charitable Foundation Inc DBA Horizon Foundation of New Jersey gives
- Giving fell 22% from 2022 to 2025. Method
- In 2025 it paid out 105% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $3.0M (2025) to $5.3M (2021). In 2025 it made 1 grant totaling $3.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Various Organizations-Info Available Upon Request Newark, NJ | Various | $2,991,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $90,110,278 | $8,824,952 | $3,796,585 | $2,991,000 | 1 | $4,236,681 | $8,737,261 | $4,049,042 |
| 2024 | $80,593,053 | $2,495,173 | $3,877,093 | $3,272,000 | 1 | $4,202,295 | $2,412,372 | $3,935,446 |
| 2023 | $77,272,715 | $11,210,173 | $3,675,142 | $2,998,000 | 1 | $4,262,436 | $1,768,581 | $3,136,796 |
| 2022 | $61,165,342 | $830,216 | $3,624,198 | $3,813,646 | 1 | $4,826,889 | $1,615,397 | $3,185,907 |
| 2021 | $76,993,498 | $4,728,445 | $9,015,056 | $5,277,857 | 1 | $6,277,660 | $4,657,816 | $3,677,918 |
| 2020 | $73,832,566 | $12,563,519 | $4,555,573 | $4,542,035 | 1 | — | $2,480,616 | $2,733,955 |
Under IRS private-foundation payout rules, Horizon Charitable Foundation Inc DBA Horizon Foundation of New Jersey reported a distributable amount of $4.0M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Horizon Charitable Foundation Inc DBA Horizon Foundation of New Jersey is led by Jonathan R Pearson, Executive Director on every filing since 2020; 5 of 15 officers listed in 2025 are compensated.
Officers on the 2025 filing
Jonathan R Pearson
Executive Director
On filings since 2020
0.5 hrs/week
No compensation reported
Gary D St Hilaire
President
Chair & President → President, 2025
On filings since 2023
0.5 hrs/week
No compensation reported
Luis J Diaz
Director
On filings since 2020
0.5 hrs/week
$20K (2020) → $20K (2025)
Sharon C Taylor
Director
On filings since 2020
0.5 hrs/week
$20K (2020) → $20K (2025)
Ivonne Diaz-Claisse
Director
On filings since 2021
0.5 hrs/week
$15K (2021) → $20K (2025)
Jill Johnson
Director
On filings since 2021
0.5 hrs/week
$20K (2021) → $20K (2025)
Linda Bowden
Director
On filings since 2021
0.5 hrs/week
$10K (2021) → $20K (2025)
Jennifer G Velez
Director
On filings since 2022
0.5 hrs/week
No compensation reported
Ulises E Diaz
Director
On filings since 2022
0.5 hrs/week
No compensation reported
David J Rosenberg
Treasurer
Assistant Treasurer → Treasurer, 2022
On filings since 2020
0.5 hrs/week
No compensation reported
Jacqueline C Bonforte
Assistant Secretary
On filings since 2020
0.5 hrs/week
No compensation reported
Nicholas H Peterson
Secretary
On filings since 2022
0.5 hrs/week
No compensation reported
Olga Bronkowski
Assistant Secretary
On filings since 2023
0.5 hrs/week
No compensation reported
Daniel Perez
Assistant Treasurer
New on the 2025 filing
0.5 hrs/week
No compensation reported
Ivan Concepcion
Controller
New on the 2025 filing
0.5 hrs/week
No compensation reported
Former officers (10)
- Former: Frank A Melaccio (2020–2024) — Assistant Treasurer
- Former: Gary D StHilaire (2020–2024) — President
- Former: Allen J Karp (2020–2022) — Director
- Former: Linda A Willett (2020–2022) — Director
- Former: Zenola Harper (2020–2022) — Director
- Former: Catherine V. Merlino (2020–2021) — Assistant Treasurer
- Former: Douglas R. Simpson (2020–2021) — Treasurer
- Former: Melinda Feeney (2020–2021) — Assistant Secretary
- Former: Michelle M. Machemer (2020–2021) — Director
- Former: Lillian C Borrone (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $20K, to Linda Bowden (Director). 5 officers or directors reported compensation on that filing.
Frequently asked questions about Horizon Charitable Foundation Inc DBA Horizon Foundation of New Jersey
How much does Horizon Charitable Foundation Inc DBA Horizon Foundation of New Jersey give each year?
Horizon Charitable Foundation Inc DBA Horizon Foundation of New Jersey gave $3.0M across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $3.3M across 1 grant.
How large is Horizon Charitable Foundation Inc DBA Horizon Foundation of New Jersey?
Horizon Charitable Foundation Inc DBA Horizon Foundation of New Jersey reported $90.1M in total assets on its 2025 IRS Form 990-PF. It paid out $4.2M in qualifying distributions that year, against a required minimum of $4.0M (roughly 5% of its investment assets).
Where does Horizon Charitable Foundation Inc DBA Horizon Foundation of New Jersey operate?
Horizon Charitable Foundation Inc DBA Horizon Foundation of New Jersey has awarded grants in New Jersey.
What is Horizon Charitable Foundation Inc DBA Horizon Foundation of New Jersey's EIN?
Horizon Charitable Foundation Inc DBA Horizon Foundation of New Jersey's EIN (Employer Identification Number) is 20-0252405. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 26, 2026)
- IRS filings on file for fiscal years 2020–2024
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Figures come from Horizon Charitable Foundation Inc DBA Horizon Foundation of New Jersey's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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