The Horizon Foundation Inc is a private foundation based in Grundy, Virginia. Established in 2003, it operates as a 501(c)(3) tax-exempt organization with a focus on supporting educational initiatives, scholarships, and community development.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$15.2M
-5.7% YoY
Annual Giving
$942K
-24.0% YoY
Grant Count
41
+7.9% YoY
Avg Grant Size
$23K
-29.6% YoY
Under IRS private-foundation payout rules, The Horizon Foundation Inc reported a distributable amount of $882K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports organizations that effect positive change among children, the adults who work with them, and the communities in which they live. Primary funding areas include:
- Education
- Human Services
- Health Care
- Scholarships and student financial aid
- Youth development
The foundation also supports programs and organizations that aspire to create and maintain sustainable and livable communities by protecting and conserving land and water resources.
Grantmaking
Recent grantees include Appalachian College of Pharmacy ($146,308), University of Pikeville ($61,650), and IFCJ Stand for Israel ($55,000).
Grant Range
s and Types:**
Average Grant
amount: $28,848 to $32,348 (varies by program)
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Virginia, West Virginia, and Tennessee.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total assets: $16,123,074
- Total giving: $1,226,681 to $1,239,495
- Total revenue: $1,196,765
- Total expenses: $1,627,158
- Giving rate: 7.6%
Revenue Composition (2023):
- Grants and contributions: $400,000
- Investment income and dividends: $515,355
- Net gain from sale of non-inventory assets: $276,114
- Miscellaneous revenues: $5,296
The foundation is supported by the Marian Shanahan Marital Trust.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $15,200,069 | $16,123,074 | $16,553,467 |
| Revenue | $496,461 | $1,196,765 | $1,512,145 |
| Expenses | $1,419,466 | $1,627,158 | $665,184 |
| Qualifying Distributions | $1,206,423 | $1,239,495 | $465,475 |
| Net Investment Income | $295,862 | $275,349 | $288,245 |
| Distributable Amount | $882,245 | $848,959 | $889,693 |
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
133 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Buchanan First Presby Church ($375,000), Appalachian College of Pharmacy ($47,500), University of Ky ($35,927).
| Recipient | Purpose | Amount |
|---|---|---|
| APPALACHIAN COLLEGE OF PHARMACY OAKWOOD, VA | SCHOLARSHIP | $47,500 |
| APPALACHIAN TEEN CHALLANGE PRINCETON, WV | UNRESTRICTED | $30,000 |
| APPALCHAIN SCHOOL OF LAW GRUNDY, VA | SCHOLARSHIP | $15,000 |
| BACK PACK BLESSINGS GRUNDY, VA | UNRESTRICTED | $15,000 |
| BLUEFIELD UNIVERSITY BLUEFIELD, VA | SCHOLARSHIPS | $10,000 |
| BOYSGIRLS CLUB OF CENTRAL APPALACH GRUNDY, VA | UNRESTRICTED | $25,000 |
| BUCHANAN FIRST PRESBY CHURCH GRUNDY, VA | SCHOLORSHIP FUND | $375,000 |
| CHRIST FIRST UMC BLUEFIELD, VA | UNRESTRICTED | $5,000 |
| CHRISTIANS UNITED FOR ISREAL SAN ANTONIA, TX | UNRESTRICTED | $20,000 |
| CHUCK MATHENA CENTER PRINCETON, WV | UNRESTRICTED | $7,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
- John Groseclose - President/Trustee
- Lois Shanahan - Secretary
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LOIS SHANAHAN | SECRETARY | — | $245,000 |
| JOHN GROSECLOSE | PRESIDENT/TR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Horizon Foundation Inc fund?
The foundation supports organizations that effect positive change among children, the adults who work with them, and the communities in which they live. Primary funding areas include: • Education • Human Services • Health Care • Scholarships and student financial aid • Youth development The foundation also supports programs and organizations that aspire to create and maintain sustainable and livable communities by protecting and conserving land and water resources.
How do I apply for a grant from The Horizon Foundation Inc?
**Grant Sizes and Types:** • Grant range: $13,375 to $370,000 • Average grant amount: $28,848 to $32,348 (varies by program) • Median grant amount: $30,598 • Total grants awarded: 42 (as of most recent filing) **Grant Programs:** • Unrestricted grants (20 recipients, $28,848 average) • Scholarships in education (11 recipients, $9,995 average) • General purpose scholarships (10 recipients, $32,348 average) • Scholarship fund for youth education (1 recipient, $370,000 average) **Recent Grant Acti…
Where does The Horizon Foundation Inc make grants?
The foundation primarily funds organizations in Virginia, West Virginia, and Tennessee.
What size grants does The Horizon Foundation Inc award?
In 2024, The Horizon Foundation Inc awarded 41 grants totaling $942K — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is The Horizon Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Horizon Foundation Inc reported a distributable amount of $882K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Horizon Foundation Inc's EIN?
The Horizon Foundation Inc's EIN (Employer Identification Number) is 54-2043359. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Horizon Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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