2024-11-14T22:11:31-06:00 2023-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2023-01-01 455288107 Kenneth and Jean Watson Fund % Foundation Source KENN 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 William Thorsness President 8008391754 2024-11-14 true true Jeffrey D Haskell P01345770 8008391754 2023 2024-10-15 13:58:12Z X 1246313 X 0 X 203 203 32603 16354 16177 268012 16177 48983 32734 0 6406 0 0 6406 17042 17042 159 59 11257 11 11649 34864 17112 0 18055 0 0 34864 17112 0 18055 14119 15622 28443 23461 23461 2798 431977 446272 452333 618647 626807 770519 1081865 1096540 1246313 0 0 X 1081865 1096540 1081865 1096540 1081865 1096540 1081865 14119 1095984 1095984 Publicly-traded Securities 268012 251835 16177 16177 16177 217 217 217 137 0 100 237 20 20 false false false false false false false true true DE IL true false false false false true Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 false false false true true false false false false false false false false false false false false false false false false false William W Thorsness Foundation Source 501 Silverside Rd Wilmington DE 198091377 Pres, Dir, Sec, Treas 1.0 0 0 0 1160993 28895 0 1189888 0 1189888 17848 1172040 58602 58602 217 217 58385 58385 58385 18055 0 0 0 0 18055 58385 2021 2020 2019 91833 91833 18055 18055 0 40330 40330 51503 0 51503 51503 NONE X 14 203 14 32603 18 16177 48983 48983 false false false false false false false false false false William W Thorsness COMPENSATION EXPLANATION: *WILLIAM W THORSNESS, PRESIDENT OF KENNETH AND JEAN WATSON FUND (THE "FOUNDATION"), IS A PARTNER AT THE LAW FIRM OF LILLIG & THORSNESS, LTD A DISQUALIFIED PERSON WHICH PROVIDES LEGAL SERVICES TO THE FOUNDATION. DURING THE TAXABLE YEAR ENDING DECEMBER 31, 2023, THE FOUNDATION PAID $6,406 FOR LEGAL SERVICES RENDERED BY SUCH DISQUALIFIED PERSON AS REPORTED IN FORM 990-PF, PART I, LINE 16A. SUCH ADVISORY FIRM BILLED THE FOUNDATION AT OR BELOW THE RATE IT CHARGES ITS OTHER CLIENTS. ADOBE SYSTEMS, INC 1924 2386 ALPHABET INC CL A 5005 8242 AMAZON COM 1170 8053 AMERICAN BEACON AHL MANAGED FU 31254 29285 AMERICAN EXPRESS CO 5800 6394 APPLE INC 7231 16000 APPLIED MATERIALS INC 1741 2761 APPLOVIN CORP 944 1235 ASTRAZENECA 1252 1212 AUTODESK, INC 1910 2191 BECTON DICKINSON & CO 4879 4651 BIOMARIN PHARMACEUTICAL INC 1387 1350 BLACKROCK INC 7361 9802 BROADCOM INC 3067 10093 CHENIERE ENERGY INC 1236 1369 CHEVRON CORP 936 1507 COHEN & STEERS REAL ASSETS FDS 29666 31074 COMCAST CORP 6234 5739 COMMUNICATION SVCS SLCT SCTR S 8750 11872 CONSUMER DISCRETIONARY SELECT 7483 10748 COSTCO WHOLESALE CORPORATION 976 3306 CSX CORP 3140 4104 D R HORTON 2705 4266 DATADOG INC 1067 1457 DEERE CO 5184 5217 DIGITAL RLTY TR INC 6327 7536 EATON CORP PLC 6630 9911 EDWARDS LIFESCIENCES 1301 1754 ELI LILLY & CO 3011 6424 EMERSON ELECTRIC CO 4371 5287 EXXON MOBIL CORP 5118 6561 FERRARI NV 963 1354 FIDELITY MSCI UTILITIES INDEX 2998 2798 FINANCIAL SELECT SECTOR SPDR F 6653 7822 FIRST TRUST ISE CLOUD COMPUTIN 2956 3507 GEN DYNAMICS CP 3314 3655 GLOBAL X US INFRASTRUCTURE DEV 1320 1585 GOLDMAN SACHS GQG PARTNERS INT 36984 40132 HARTFORD SCHRODERS INTERNATION 27320 33723 HCA INC 6540 6782 HESS CORP 645 868 HEWLETT PACKARD ENTERPRISE CO 5078 5315 HOME DEPOT INC 1922 2091 INTERACTIVE BROKERS GROUP, INC 1124 1245 INTERNATIONAL BUSINESS MACHINE 5520 6278 INTERPUBLIC GROUP OF COS 6264 5470 INTUIT 724 1878 INTUITIVE SURGICAL 473 1349 ISHARES NASDAQ BIOTECHNOLOGY 3161 3807 ISHARES US AEROSPACE AND DEFEN 16004 19436 ISHARES US INFRASTRUCTURE 724 729 JANUS GLOBAL LIFE SCIENCES I S 27095 34030 JP MORGAN CHASE 5301 8056 KINDER MORGAN INC 4409 4645 KRAFT HEINZ CO 6357 5757 LINDE PLC COM 946 1236 MAGNA INTERNATIONAL INC 7241 5355 MASTERCARD INC 1889 3417 MCDONALD'S CORP 1857 2684 MEDTRONIC PLC 6154 4613 META PLATFORMS INC 3980 5663 MICROSOFT CORP 11532 20347 NVIDIA CORP 5375 9905 O'REILLY AUTOMOTIVE INC 764 1900 PACER BENCHMARK DATA & INFRAST 1133 894 PACER US CASH COWS 100 ETF 29872 33690 PEPSICO INC 5993 5944 PRINCIPAL FINANCIAL GROUP 4561 5078 PROCTER GAMBLE CO 1218 1180 PROGRESSIVE CORP OHIO 1302 1593 REAL ESTATE SELECT SECTOR SPDR 808 891 REALTY INCOME CORP 3658 3535 S&P GLOBAL INC COM 1173 1324 SELECT SECTOR SPDR ENERGY FUND 4280 5586 SELECT SECTOR SPDR-HEALTH CARE 11787 14932 SERVICE NOW 1974 2826 SYNCHRONY FINANCIAL 4547 5816 T-MOBILE US INC 995 1127 TESLA MOTORS INC 2181 2733 TEXAS INSTRUMENTS INC 5702 6018 THERMO FISHER SCIENTIFIC INC 238 1062 TJX COMPANIES INC 1456 2448 TORONTO DOMINION 4596 4636 TRUIST FINANCIAL CORPORATION 4048 4165 UBER 1921 2524 UNION PACIFIC 1160 1234 UNITEDHEALTH GROUP INC 6815 7924 VANECK SEMICONDUCTOR ETF 7939 10731 VANGUARD CONSUMER STAPLES ETF 5933 7711 VANGUARD INDUSTRIALS ETF 4074 7308 VANGUARD INFORMATION TECHNOLOG 24905 40238 VANGUARD MTRL ETF 1335 1717 VANGUARD SMALL-CAP VALUE ETF 27068 32600 VICI PROPERTIES INC 4132 4495 VISA INC 1713 2087 WILLIAMS COS 5923 6843 WISDOMTREE FLOATING RATE TREAS 59349 59223 ZOETIS INC 371 1187 446272 452333 GENERAL CONSULTATIONS 6406 6406 Administrative Fees 11053 11053 Bank Charges 11 11 State or Local Filing Fees 40 40 D/O INSURANCE 81 484 POSTAGE 72 72 Investment Management Services 17042 17042 990-PF Estimated Tax for 2023 100 Foreign Tax Paid 59 59