Each year, Horizons publishes a summary of the year’s highlights, including our programs, grantmaking, and financial performance. Read our annual reports to see the breadth and depth of the work Horizons is privileged to do thanks to the generosity of our many supporters.
Horizons has built a strong financial base to serve the LGBTQ community. We firmly believe in financial transparency with our supporters and the community. Here are some snapshots of key aspects of Horizons’ financial record and links to important financial materials. If you have any questions about this information, please contact John Marvuglio, Chief Financial Officer, at (415) 398-2333 x109 or jmarvuglio [at] horizonsfoundation.org.
Assets Under Management
Assets under management matter for a foundation, because it is ultimately from those assets that grants can be made to support the community. Horizons’ assets include the LGBTQ Community Endowment Fund, our 150+ donor-advised funds, and various other assets. Over time, Horizons’ assets have grown to more than $35 million and we’ve registered significant growth in recent years.
Our purpose in increasing assets is to fund programs and grants to nonprofits that advocate for and serve LGBTQ people. The exact amount of grantmaking by Horizons Foundation in any given year varies because grant funds are both generated by and granted out through multiple vehicles. Over the past five years, the foundation’s total annual grantmaking has been in the range of $1.8 million to $4.8 million. As the LGBTQ Community Endowment Fund and other assets continue to grow, our level of grantmaking will increase proportionately.
Horizons carefully stewards our resources and works to maximize the amount that directly supports the LGBTQ community, while still investing sufficiently in the foundation to ensure our continued strength and future growth. Comparison charts for previous years’ expenditures can be found in our annual reports.