2024-09-12T09:08:16-05:00 2023-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2023-01-01 452735138 Defne and Muhtar Kent Educational Foundation Inc % Foundation Source DEFN 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 muhtar kent president 8008391754 2024-08-29 true true Jeffrey D Haskell P01345770 8008391754 2023 2024-08-08 14:25:15Z X 24170814 X 0 X 14849 14849 698612 698612 153351 179420 153351 866812 866812 0 704 0 0 704 84362 30362 54000 12000 61426 61426 158492 30362 0 116130 1103936 1103936 1262428 30362 0 1220066 -395616 836450 624049 569143 569143 19818036 19571042 23601671 20442085 20140185 24170814 0 0 X 20442085 20140185 20442085 20140185 20442085 20140185 20442085 -395616 93716 20140185 20140185 Publicly-traded Securities 179420 26069 153351 153351 153351 11627 11627 11627 7547 0 4400 11947 X 2 318 318 false false false false false false false true true GA true false false false true true Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 false false false false false false false false false false false false false false true false false false false false false false Cem Omer Kent Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 Defne Kent Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Sec, Treas 1.0 0 0 0 Muhtar Kent Foundation Source 501 Silverside Rd Wilmington DE 198091377 Pres, Dir 1.0 0 0 0 Selin Ipek Kent Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 Foundation Source 55 Walls Drive 3rd Fl Fairfield CT 06824 Administrative 60554 23512633 642945 0 24155578 0 24155578 362334 23793244 1189662 1189662 11627 11627 1178035 27400 1205435 1205435 1220066 0 0 0 0 1220066 1205435 1195062 2021 2020 2019 1220066 1195062 25004 0 0 1180431 0 0 Defne Kent Muhtar Kent X A A Adiguzel ARIZONA STATE UNIVERSITY PO BOX 870412 TEMPE AZ 85287 NONE I Scholarship Grant 16400 A E Karalar PENNSYLVANIA 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NONE I Scholarship Grant 10000 C Birsen TRUSTEES OF TUFTS COLLEGE 80 GEORGE ST MEDFORD MA 02155 NONE I Scholarship Grant 20000 C Yardimci REGNTS OF UNIV OF CA AT BERKELEY 201 SPROUL HALL 1960 BERKELEY CA 94720 NONE I Scholarship Grant 20000 D E Yaldiz MICHIGAN STATE UNIVERSITY 556 E CIR DR RM 252 EAST LANSING MI 48824 NONE I Scholarship Grant 15000 D Karalar MICHIGAN STATE UNIVERSITY 556 E CIR DR RM 252 EAST LANSING MI 48824 NONE I Scholarship Grant 30000 D L Altaylar DREXEL UNIVERSITY 3141 CHESTNUT ST PHILADELPHIA PA 19104 NONE I Scholarship Grant 25000 D Onalir GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVE NW ATLANTA GA 30332 NONE I Scholarship Grant 10000 E Secilmis BROWN UNIVERSITY GIFT CASHIER BOX 1877 PROVIDENCE RI 02912 NONE I Scholarship Grant 30000 E Senvardarli NORTHWESTERN UNIVERSITY 1201 DAVIS ST 3RD FLOOR EVANSTON IL 60208 NONE I Scholarship Grant 5000 F O Ardic REGNTS OF UNIV OF CA LOS ANGELES 1125 MURPHY 405 HILGARD AV 957089 LOS ANGELES CA 90095 NONE I Scholarship Grant 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Y T Eker FRANKLIN MARSHALL COLLEGE PO BOX 3003 LANCASTER PA 17604 NONE I Scholarship Grant 30000 Y Tur STANFORD UNIVERSITY 326 GALVEZ ST STANFORD CA 94305 NONE I Scholarship Grant 30000 Y A ELMAS 21 KINGS COLLEGE CIR TORONTO ONTARIO CA M5S 3J3 NONE I SCHOLARSHIP GRANT 10000 1103936 14 14849 14 698612 18 153351 866812 866812 false false false false false false false false false false PART XIV (FORM 990-PF): PART XIV (FORM 990-PF): DISTRIBUTIONS OF PROPERTY VALUE AT FAIR MARKET VALUE AT DATE OF DISTRIBUTION METHOD FOR DETERMINING FMV OF SECURITIES: AVERAGE OF HIGH/LOW ON DATE GRANTED TO CHARITY METHOD OF DETERMINING BOOK VALUE OF SECURITIES: COST OF AVERAGE OF HIGH/LOW ON DATE CONTRIBUTED TO FOUNDATION TOTAL FAIR MARKET VALUE OF PROPERTY: $321,544 TOTAL BOOK VALUE OF PROPERTY: $255,228 TOTAL CASH PORTION OF GRANTS: - TOTAL AMOUNT OF GRANTS: $321,544 FORM 990-PF, PART III, LINE 3 - OTHER INCREASES: $66,316 DETAILS OF ITEMS GRANTED: DESCRIPTION OF PROPERTY: THE COCA-COLA CO UNITS: 5,500 DATE OF DISTRIBUTION: 12-01-2023 GRANT RECIPIENT: SCHWAB CHARITABLE FUND FMV OF PROPERTY: $321,544 BOOK VALUE OF PROPERTY: $255,228 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $321,544 ALTRIA GROUP INC 58658 53047 AMERICAN FUNDS NEW PERSPECTIVE 93231 113915 AMGEN INC 70986 88422 APPLE INC 122357 193108 BAIRD CORE PLUS BD FD INSTI CL 788120 676790 BLACKROCK EMERGING MARKETS FUN 62268 49804 CATERPILLAR INC 35895 63569 CISCO SYSTEMS INC 64507 70122 CONESTOGA SMALL CAP INST 27536 39318 COSTCO WHOLESALE CORPORATION 28489 54127 DBX ETF TR/X-TRACKERS MSCI EAF 1087884 1217958 DODGE & COX INCOME FUND 424327 372665 DODGE & COX STOCK 223590 290690 ELI LILLY & CO 40928 99679 FPA CRESCENT PORTFOLIO 100132 115684 FPA NEW INCOME FUND CLASS A 419523 409627 GEN DYNAMICS CP 30414 51155 HOME DEPOT INC 77111 87677 HONEYWELL INTL 45365 54315 ILLINOIS TOOL WORKS 34007 45578 INFINITY Q DIVERSIFIED ALPHA F 72975 82 INTERNATIONAL GROWTH AND INCOM 723619 743496 ISHARES S&P 500 INDEX FD 257809 479541 JOHNSON & JOHNSON 105181 102038 KENVUE INC 6522 6911 LOCKHEED MARTIN CORP 61266 71159 LOWES COMPANIES INC 41507 59421 MASTERCARD INC 36324 47769 MCDONALD'S CORP 66501 81837 MERCK & CO INC 60778 89178 METROPOLITAN WEST RETURN BOND 23911 18886 MICROSOFT CORP 168130 280526 MORGAN STANLEY 70464 75626 OAKMARK INTERNATIONAL FUND 78526 81590 ORACLE CORP 56225 80970 PHILIP MORRIS INTL 86291 80062 PIMCO INCOME FUND 362374 328001 PROCTER GAMBLE CO 89800 100820 QUALCOMM INC 46266 53224 T ROWE PRICE CAP APPRECIATION 81126 82702 TARGET CORPORATION 54279 47711 TEXAS INSTRUMENTS INC 56487 64604 THE COCA-COLA CO 8462386 11071060 THE JENSEN PORTFOLIO INC CLASS 152064 198295 THRIVENT SMALL CAP STOCK 34303 36455 TWEEDY BROWNE GLOBAL VALUE FUN 124250 126398 UNION PACIFIC 52045 65335 UNITED PARCEL SERVICE 44249 47326 UNITEDHEALTH GROUP INC 55845 90026 VANGUARD DIVIDEND GROWTH FD 1290773 1558254 VANGUARD EQUITY INCOME - ADMIR 1856836 2065052 VANGUARD TOTAL BOND MARKET ETF 297646 251026 VANGUARD TOTAL BOND MARKET IND 60901 55937 VISA INC 52508 66129 WAL-MART STORES INC 75685 82293 WISDOMTREE SC DIV 569862 764681 General Consultations 704 704 Administrative Fees 60554 60554 Website Hosting/Support 842 842 STATE OR LOCAL FILING FEES 30 30 GRANT OF PUBLICLY TRADED SECURITIES 66316 RETURNED GRANTS 27400 Investment Management Services 30362 30362 Philanthropic Consulting Srvcs 54000 54000 990-PF Estimated Tax for 2023 7500 990-PF Extension for 2022 4500