From the President and CEO

As a community philanthropy, The Horizon Foundation is no stranger to ledgers, balance sheets and banking. Since we don't engage in fundraising, we're reliant on investment income.

We started out with $68 million in 1998, and our principal now exceeds $80 million. That's after deducting out all of our operating expenses and grantmaking over a six-year stretch. This extraordinary track record, in large part, stems from the Foundation's Finance Committee and our external investment consultants.

But the real investment story is on the expense side. The Horizon Foundation has aggressively pursued organizations, projects and individuals who are equipped to make a difference in community health and wellness. We've made major, intermediate-sized and smaller grants to a wide variety of nonprofit organizations, government agencies, public schools and others.

The Foundation also invests the time and talent of our outstanding board and staff. Here, we seek to operate at the system and policy levels. We engage multiple partners in collaborative learning to produce change. We challenge others to achieve permanent solutions beyond alleviating short-term organizational stress. And we confront community issues with humility and great respect for those in the trenches.

This report highlights some of the investments the Foundation made over the past year. It was a year of great energy, community collaboration and innovation. We look forward to working with our many partners in the future, to invest in this remarkable place called Howard County.

Richard M. Krieg, President & CEO

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