Horne Foundation Inc

GILBERT, AZ EIN: 86-6052886

Horne Foundation Inc is a private foundation, based in GILBERT, AZ. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.7M in total assets. In 2025, it awarded 5 grants totaling $200K. Net investment income was $334K.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$2.7M

+6.4% YoY

Annual Giving

$200K

-14.9% YoY

Grant Count

-16.7% YoY

Avg Grant Size

$40K

+2.1% YoY

Under IRS private-foundation payout rules, Horne Foundation Inc reported a distributable amount of $279K for 2025 — the minimum it must pay out in qualifying distributions.

About Horne Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Utah $705K (64%)

Arizona $380K (35%)

Michigan $10K (1%)

States

Arizona Michigan Utah

Cities

American ForkGilbertHillsdaleLehiMesaProvoScottsdaleSnowflakeTempe

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$2,720,450	$2,557,439	$2,527,739
Revenue	$352,887	$374,246	$399,696
Expenses	$265,457	$310,337	$362,562
Qualifying Distributions	$241,882	$277,790	$341,239
Net Investment Income	$333,954	$356,403	$383,051
Distributable Amount	$278,652	$246,095	$231,586

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2025

Grant Size Distribution

27 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include Lds Philanthropies ($100,000), Alliance Defending Freedom ($40,000), Hope Mental Health Foundation ($20,000).

Recipient	Purpose	Amount
ALLIANCE DEFENDING FREEDOM SCOTTSDALE, AZ	GENERAL SUPPORT	$40,000
HOPE MENTAL HEALTH FOUNDATION MESA, AZ	GENERAL SUPPORT	$20,000
LDS PHILANTHROPIES PROVO, UT	GENERAL SUPPORT	$100,000
FAMILY WATCH INTERNATIONAL GILBERT, AZ	GENERAL SUPPORT	$20,000
SCRIPTURE CENTRAL AMERICAN FORK, UT	GENERAL SUPPORT	$20,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

From 2025 filing

Name	Title	Hours	Compensation
ROBERT HORNE	SECRETARY AND TREASURER	2	—
CHERYL K HORNE	PRESIDENT	4	—
HEIDI JONES	BOARD MEMBER	10	$36,000

Frequently Asked Questions

How large is Horne Foundation Inc?

As of 2025, Horne Foundation Inc holds $2.7M in total assets with $353K in annual revenue. It awarded 5 grants totaling $200K in 2025.

Where does Horne Foundation Inc operate?

Horne Foundation Inc has awarded grants in Arizona, Michigan, Utah.

What size grants does Horne Foundation Inc award?

In 2025, Horne Foundation Inc awarded 5 grants totaling $200K — an average of about $40K per grant, based on its IRS Form 990 filings.

How much is Horne Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, Horne Foundation Inc reported a distributable amount of $279K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.