2024-08-29T13:34:24-05:00 2023-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2023-01-01 453668271 The Bowers Foundation % Foundation Source BOWE 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 john bowers president 8008391754 2024-08-23 true true Jeffrey D Haskell P01345770 8008391754 2023 2024-08-08 14:25:15Z X 352102 X 54764 2069 2069 9449 9449 18072 74862 18072 84354 29590 0 2934 2934 135 35 10703 3 10700 13772 2972 10700 377826 377826 391598 2972 388526 -307244 26618 90206 49031 49031 386773 196357 303071 476979 245388 352102 0 0 X 476979 245388 476979 245388 476979 245388 476979 -307244 75653 245388 245388 Publicly-traded Securities 74862 56790 18072 18072 18072 370 370 370 104 0 300 404 34 34 false false false false false false true true true DE 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 false false false false false false false Ariel Bowers Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 John Bowers Foundation Source 501 Silverside Rd Wilmington DE 198091377 Pres, Dir, Sec 1.0 0 0 0 453165 49122 0 502287 0 502287 7534 494753 24738 24738 370 370 24368 24368 24368 388526 0 0 0 0 388526 24368 2021 2020 2019 6191 6191 388526 24368 364158 370349 0 370349 6191 364158 ARIEL BOWERS John Bowers X DIRECT RELIEF 6100 WALLACE BECKNELL RD SANTA BARBARA CA 93117 N/A PC General & Unrestricted 1000 FIDELITY INVESTMENTS CHARITABLE GIFT FUND 245 SUMMER ST MZ NM43A BOSTON MA 02210 N/A PC General & Unrestricted 367826 GRAZIA FOUNDATION 220 BEDFORD PARK RD CHARLOTTESVLE VA 22903 N/A PC General & Unrestricted 5000 RONALD MCDONALD HOUSE CHARITIES OF TAMPA BAY INC 35 DAVIS BLVD TAMPA FL 33606 N/A PC General & Unrestricted 1000 TFTSP YOUTH GOLF COUNCIL ST PETERSBURG FLORIDA INC 3790 22ND AVE S ST PETERSBURG FL 33711 N/A PC General & Unrestricted 1000 TRANSITION HOUSE 425 E COTA ST SANTA BARBARA CA 93101 N/A PC General & Unrestricted 1000 WILLBRIDGE OF SANTA BARBARA INC 2904 STATE ST APT A SANTA BARBARA CA 93105 N/A PC General & Unrestricted 1000 377826 14 2069 14 9449 18 18072 29590 29590 false false false false false false false false false false X X 1 Bowers John 1400 Northridge Road Santa Barbara CA 93105 54764 X 1 UNITEDHEALTH GROUP INC UNH, 36 sh. 18674 2023-04-11 1 APPLE INC AAPL, 120 sh. 19372 2023-04-11 1 MICROSOFT CORP MSFT, 50 sh. 16718 2023-06-29 1 BARCLAYS BANK PLC 0% PFD 04/08/2025 06747G489, 4000 sh. 0 2023-06-29 IN-KIND GRANTS PART I LINE 25 AND PART XIV LINE 3A 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 OR AVERAGE OF HIGH/LOW ON DATE CONTRIBUTED TO FOUNDATION TOTAL FAIR MARKET VALUE OF PROPERTY: $367,827 TOTAL BOOK VALUE OF PROPERTY: $292,174 TOTAL CASH PORTION OF GRANTS: $- TOTAL AMOUNT OF GRANTS: $367,827 FORM 990-PF, PART III, LINE 3 - OTHER INCREASES/DECREASES: $75,653 DETAILS OF ITEMS GRANTED: DESCRIPTION OF PROPERTY: BARCLAYS BANK PLC 0% PFD 04/08/2025 UNITS: 4000 DATE OF DISTRIBUTION: 8/16/2023 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $88,760 BOOK VALUE OF PROPERTY: $- CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $88,760 DESCRIPTION OF PROPERTY: APPLE INC UNITS: 120 DATE OF DISTRIBUTION: 8/16/2023 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $21,303 BOOK VALUE OF PROPERTY: $19,372 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $21,303 DESCRIPTION OF PROPERTY: ABBVIE INC UNITS: 590 DATE OF DISTRIBUTION: 8/16/2023 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $89,969 BOOK VALUE OF PROPERTY: $83,102 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $89,969 DESCRIPTION OF PROPERTY: JP MORGAN ALERIAN MLP INDEX ETN UNITS: 1200 DATE OF DISTRIBUTION: 8/16/2023 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $28,602 BOOK VALUE OF PROPERTY: $43,848 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $28,602 DESCRIPTION OF PROPERTY: MARKET VECTORS - GOLD MINERS ETF UNITS: 250 DATE OF DISTRIBUTION: 8/16/2023 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $7,008 BOOK VALUE OF PROPERTY: $13,203 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $7,008 DESCRIPTION OF PROPERTY: MERCK & CO INC UNITS: 145 DATE OF DISTRIBUTION: 8/16/2023 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $15,787 BOOK VALUE OF PROPERTY: $13,208 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $15,787 DESCRIPTION OF PROPERTY: MICROSOFT CORP UNITS: 50 DATE OF DISTRIBUTION: 8/16/2023 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $16,106 BOOK VALUE OF PROPERTY: $16,718 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $16,106 DESCRIPTION OF PROPERTY: PFIZER INC UNITS: 616 DATE OF DISTRIBUTION: 8/16/2023 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $21,757 BOOK VALUE OF PROPERTY: $25,878 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $21,757 DESCRIPTION OF PROPERTY: PUTNAM SHORT DURATION INCOME FD CL Y UNITS: 0.478 DATE OF DISTRIBUTION: 8/16/2023 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $5 BOOK VALUE OF PROPERTY: $5 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $5 DESCRIPTION OF PROPERTY: SCHWAB US TIPS UNITS: 450 DATE OF DISTRIBUTION: 8/16/2023 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $23,040 BOOK VALUE OF PROPERTY: $28,502 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $23,040 DESCRIPTION OF PROPERTY: ISHARES SILVER TRUST UNITS: 1800 DATE OF DISTRIBUTION: 8/16/2023 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $37,251 BOOK VALUE OF PROPERTY: $29,665 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $37,251 DESCRIPTION OF PROPERTY: UNITEDHEALTH GROUP INC UNITS: 36 DATE OF DISTRIBUTION: 8/16/2023 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $18,240 BOOK VALUE OF PROPERTY: $18,674 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $18,240 ALPHABET INC CL A 1893 16763 AMERICAN TOWER REIT INC 2217 2159 AVALONBAY CMNTYS INC 12024 13480 BERKSHIRE HATHAWAY INC. CLASS 18362 86668 BHP BILLITON LIMITED 3336 3416 CHEMED CORP 4907 5263 CORVEL CORP 3690 4697 EDWARDS LIFESCIENCES 8035 7625 FACTSET RESH SYST INC 6330 7156 GRAINGER W W INC 4415 7458 HENRY JACK & ASSOC INC 6178 6536 HUNT J B 4101 4994 ISHARES MSCI USA QUALITY FACTO 21231 21188 ISHARES TRUST MSCI EAFE INDEX 10050 10248 KLA TENCOR CORP 6940 8720 MARSH AND MCLENNAN COMPANIES I 8114 8905 MASTERCARD INC 2785 3412 MICROSOFT CORP 2204 13537 NESTLE S.A 8824 8094 PEPSICO INC 6347 6963 PROCTER GAMBLE CO 2965 2931 PUBLIC STORAGE INC 16450 16775 TARGET CORPORATION 3102 2848 THE HERSHEY COMPANY 9451 8576 TRACTOR SUPPLY CO COM 1966 1935 UNITEDHEALTH GROUP INC 8841 8950 VISA INC 3519 3905 ZOETIS INC 8080 9869 As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2023, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $377,826. This amount represents 25% or more of the Foundation's net assets of $561,214 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2023. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein. Administrative Fees 10675 10675 Bank Charges 3 3 State or Local Filing Fees 25 25 GRANTS OF PUBLICLY TRADED SECURITIES 75653 Investment Management Services 2934 2934 990-PF Estimated Tax for 2023 100 Foreign Tax Paid 35 35