PROVIDES FUNDS AND OTHER SUPPORT FOR THE BENEFIT OF THE NEW HORIZON SCHOOL IRVINE'S OPERATIONS AND EXPANSION. OVERSEE AND MANAGE AN ENDOWMENT ESTABLISHED TO SUPPORT THE NEW HORIZON SCHOOL IRVINE IN CARRYING OUT ITS MISSION ON A FINANCIALLY SUSTAINABLE BASIS. THE FOUNDATION CARRIED OUT AN EXPANSION PROGRAM BY COMPLETING THE UPPER FLOOR OF ITS PROPERTY BEING USED BY THE SCHOOL. IN THE REPORTING PERIOD, THIS IS REFLECTED AS IN INCREASE IN FIXED ASSETS OF $2,980,074. IN ADDITION, THE FOUNDATION HAD PROGRAM EXPENSES OF $814,371, MAINLY FOR LOAN SERVICING AND PROPERTY TAXES PAID FOR THE BENEFIT OF THE SCHOOL.