New Horizon Foundation
New Horizon Foundation is a private grantmaking foundation located in Evanston, Illinois. Established in 1986, it operates as a non-operating foundation with a focus on supporting charitable organizations across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.9M
-1.6% YoY
Annual Giving
$564K
+42.6% YoY
Grant Count
70
-4.1% YoY
Avg Grant Size
$8K
+48.7% YoY
Mission & Focus Areas
The foundation encourages interest and fosters education in the arts and sciences while supporting human rights, social welfare, and global security initiatives.
Primary funding areas include:
- Education
- Human services (domestic and international)
- Arts & culture
- Environment
- Public affairs
- Community service
- Youth organizations
Grantmaking
According to available records, the foundation only makes contributions to preselected charitable organizations.
Grant Range
$3,000
Average Grant
award: $5,000
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation distributes funding across multiple states, with primary focus in:
- Illinois
- California
- New York
- Massachusetts
- District of Columbia
The foundation has supported 103 unique organizations.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending August 2024:
- Total assets: $4,882,702
- Total revenues: $526,755
- Total expenses: $604,987
- Number of employees: 0
Revenue Breakdown (FY 2024):
- Grants and contributions: $106,396
- Investment income and dividends: $149,736
Historical Growth:
- Total assets grew from $1.3 million in 2010 to $5 million in 2022
- Annual giving increased from $274,000 in 2020 to $395,000 in 2023
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,882,702 | $4,960,933 | $5,226,990 |
| Revenue | $526,755 | $180,331 | $534,488 |
| Expenses | $604,987 | $444,524 | $358,424 |
| Qualifying Distributions | $564,999 | $400,388 | $327,547 |
| Net Investment Income | $387,783 | $145,678 | $503,611 |
| Distributable Amount | $290,877 | $280,378 | $308,067 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Principal Officer: William & Eleanor Revelle
The foundation is governed by 5 officers and trustees.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM REVELLE | PRESIDENT, DIRECTOR | 0.13 | — |
| CAROLYN REVELLE | DIRECTOR | 0.13 | — |
| MARY PACI | VICE PRESIDENT | 0.13 | — |
| CAROLYN REVELLE | SECRETARY/TREASURER | 0.13 | — |
| ELEANOR REVELLE | DIRECTOR | 0.13 | — |
| ELLEN HUFBAUER | DIRECTOR | 0.13 | — |
Contact Information
- Address: 2815 Lakeside Court, Evanston, IL 60201
- Phone: (847) 328-5330
- Website: www.newhorizonfoundation.org
- EIN: 36-3406294
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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