2024-11-07T12:55:42-06:00 2023-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2023-01-01 814548446 The Picard Family Foundation % Foundation Source PICA 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 alexandra picard president 8008391754 2024-11-05 true true Jeffrey D Haskell P01345770 8008391754 2023 2024-10-15 13:58:12Z X 1520398 X 0 X 5438 5438 59408 59408 47012 924240 47012 111858 111858 0 25204 25204 3845 1845 26281 699 25582 55330 27748 25582 3066207 5000 3121537 27748 30582 -3009679 84110 301891 36533 36533 150043 64748 55747 3000372 1034024 1323139 362283 111217 104979 3814589 1246522 1520398 0 0 X 3814589 1246522 3814589 1246522 3814589 1246522 3814589 -3009679 441612 1246522 1246522 Publicly-traded Securities 924240 877228 47012 47012 47012 1169 1169 1169 1431 0 1431 X 0 262 262 false false false false false false true true true DE true false false false false true Foundation Source 8008391754 55 WALLS DRIVE FL 3 Fairfield CT 06824 false false false false false false false false false false false false false false false true false false true false false false false Alexandra Picard Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres, Treas 1.0 0 0 0 Caroline Picard Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Sec 1.0 0 0 0 Peter Picard Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, VP 1.0 0 0 0 2689111 184554 0 2873665 0 2873665 43105 2830560 141528 141528 1169 1169 140359 140359 140359 30582 0 0 0 0 30582 140359 2021 2020 2019 170607 175584 1611 347802 30582 30582 0 109777 109777 238025 0 238025 60830 175584 1611 Alexandra Picard Caroline Picard Peter Picard X DEAD RELATIVES FOUNDATION FOUNDATION SOURCE 501 SILVERSIDE RD WILMINGTON DE 19809 N/A PF Expenditure Responsibility Grant 1620575 PICABU FOUNDATION FOUNDATION SOURCE 501 SILVERSIDE RD WILMINGTON DE 19809 N/A PF Expenditure Responsibility Grant 1440632 WATTS FOUNDATION 1548 1ST AVE S SEATTLE WA 98134 N/A PC General & Unrestricted 5000 3066207 14 5438 14 59408 18 47012 111858 111858 false false false false false false false false false false PICABU FOUNDATION 501 SILVERSIDE RD STE 123 WILMINGTON DE 19809 2023-07-05 1273701 capital endowment NO EXPECTED IN 2024 none necessary PICABU FOUNDATION 501 SILVERSIDE RD STE 123 WILMINGTON DE 19809 2023-07-07 118241 CAPITAL ENDOWMENT NO EXPECTED IN 2024 none necessary PICABU FOUNDATION 501 SILVERSIDE RD STE 123 WILMINGTON DE 19809 2023-07-18 48690 capital endowment NO EXPECTED IN 2024 none necessary DEAD RELATIVES FOUNDATION 501 SILVERSIDE RD STE 123 WILMINGTON DE 19809 2023-07-05 1273358 CAPITAL ENDOWMENT NO EXPECTED IN 2024 none necessary DEAD RELATIVES FOUNDATION 501 SILVERSIDE RD STE 123 WILMINGTON DE 19809 2023-07-17 120027 capital endowment NO EXPECTED IN 2024 none necessary DEAD RELATIVES FOUNDATION 501 SILVERSIDE RD STE 123 WILMINGTON DE 19809 2023-07-18 227190 capital endowment NO EXPECTED IN 2024 none necessary FORM 990-PF, PARTS I AND XIV FORM 990-PF, PARTS I AND XIV TOTAL Part I, Line 25, Column (a) and Part XIV, Line 3a: $3,066,207 Less amount not treated as qualifying distribution: $3,061,207 TOTAL Part I, Line 25, Column (d): $5,000 ABBVIE INC - 3.600% - 05/14/20 1917 1963 AMAZON COM INC - 3.875% - 08/2 2293 1860 AMERICAN EXPRESS CO - 1.650% - 3015 2758 ANHEUSER BUSCH INBEVFIN INC - 2125 2001 ANTHEM INC NOTE - 4.101% - 03/ 2013 1968 AT&T INC - 4.350% - 03/01/2029 2384 1976 BANK OF NOVA SCOTIA - 3.450% - 2953 2936 BK OF AMERICA CORP - 2.087% - 2953 2646 BLACKROCK INC - 2.400% - 04/30 2059 1789 BROADCOM CORP/BROADCOM CAYMAN 1914 1952 CAPITAL ONE FINL CORP NOTE - 3 1869 1911 CITIGROUP INC - 6.174% - 05/25 2020 2073 COMCAST - 4.250% - 10/15/2030 2324 1974 CSX CORP - 0.000% - 11/01/2026 1968 1903 CVS CAREMARK CORP NOTE - 4.300 1148 984 DEERE JOHN CAPITAL CORP MTN - 2016 2034 DUKE ENERGY CORP - 3.750% - 04 1993 1989 ENERGY TRANSFER PARTNERS DTD - 1950 1968 ENTERGY CORP - 0.900% - 09/15/ 3011 2789 EXPRESS SCRIPTS NOTE - 4.500% 2116 1984 GENERAL MTRS FINL COINC NOTE - 1917 1961 GOLDMAN SACHS GROUP INC NOTE - 1786 1830 HONDA MOTOR CO LTD NOTE - 2.53 2967 2826 INTEL CORP - 2.450% - 11/15/20 3066 2703 JOHNSON &JOHNSON - 1.300% - 09 3022 2522 JP MORGAN CHASE NOTE - 0.000% 2022 1992 KEYCORP - 2.550% - 10/01/2029 2942 2555 KINDER MORGAN EP - 4.150% - 02 2028 1997 METLIFE INC - 5.375% - 07/15/2 2878 3134 MORGAN STANLEY SER I MTN - 4.6 2981 2972 NISOURCE - 0.950% - 08/15/2025 2011 1869 NVIDIA CORP - 2.850% - 04/01/2 3300 2779 ORACLE CORP - 2.950% - 05/15/2 1914 1941 PFIZER INVT - 4.450% - 05/19/2 1929 2001 PHILP MORRIS - 5.125% - 02/15/ 2011 2037 ROYAL BK CDA SER I MTN - 3.625 1997 1934 SHELL INTL FIN NT - 6.375% - 1 2660 2309 SIMON PPTY GROUP - 3.500% - 09 3259 2931 STARBUCKS CORP 2.25% 03/12/203 2081 1757 THERMO FISHER - 5.000% - 01/31 2021 2053 TORONTO DOMINION BANK MTN - 1. 1969 1828 TOYOTA MTR CR CORP MTN CALL MA 1945 1917 TRUIST FINANCIAL CORP - 4.916% 3015 2798 UNITEDHEALTH GROUP INC - 5.800 2351 2190 US BANCORP MTN - 2.215% - 01/2 3009 2759 WASTE MGMT INC - 4.625% - 02/1 1967 2025 WELLS FARGO - 3.000% - 02/19/2 2009 1956 WESTPAC BKG CORP NOTE - 2.350% 2119 1945 AAON, INC 1126 1477 ACADEMY SPORTS AND OUTDOORS IN 1408 1716 ACADIA HEALTHCARE CO INC 1462 1555 ADIDAS AG 5134 7827 ADVANCED DRAINAGE SYSTEMS INC 1956 2953 ADVANCED ENERGY IND INC 2334 3050 AGREE REALTY CORP 766 818 AIA GROUP LTD ADR 4818 4888 AIRBUS GROUP 6967 9257 ALAMO GP INC 2136 3363 ALEXANDRIA REAL ESTATE EQUITIE 1105 1141 ALIBABA GROUP HOLDING LTD 8426 7131 ALPHABET INC CL A 19862 21373 ALPHABET INC CL C 4893 9583 ALTRIA GROUP INC 5585 5446 AMAZON COM 17117 21424 AMEDISYS INC - COMMON STOCK 1716 1806 AMER INTERNATIONAL GROUP INC 6009 7249 AMERICAN CAPITAL AGENCY CORP 2220 2541 AMERICAN EXPRESS CO 5799 7119 AMERICAN HOMES 4 RENT 1022 1151 AMERICAN TOWER REIT INC 1708 1943 APA CORPORATION 3994 3983 ARTISAN PARTNERS ASSET MANAGEM 2137 2739 ASGN INC 2680 2981 ASML HOLDING NV NY REG SHS 6800 8326 ASTRAZENECA 7323 7611 AUTODESK, INC 1529 10226 AVALONBAY CMNTYS INC 2050 2059 AVANTOR HOLDINGS INC 1811 1895 AXALTA COATING SYSTEMS LTD 2178 2684 BANK NEW YORK MELLON CORP COM 5189 5830 BANK OF AMERICA CORP 5889 7104 BAXTER INTERNATIONAL INC 3760 4098 BEACON ROOFING SUPPLY, INC 2354 3742 BLACKROCK INC 3486 4059 BLOCK INC 1968 3403 BOEING CO 11283 17464 BRIXMOR PPTY GROUP INC COM 406 838 BUNZEL PUB LTD. 647 706 CADENCE BANCORPORATION 2142 2929 CAMECO CORPORATION 4365 8146 CANADIAN PACIFIC RAILWAY LTD 5322 5376 CAPITAL ONE FINANCIAL CORP 7293 9441 CBRE GROUP 5634 7261 CELANESE CORPORATION 3251 4040 CENTENE CORP 5123 5269 CHARLES SCHWAB CORP 4532 7430 CHORD ENERGY CORP 2325 2493 CITIGROUP INC 4757 5813 COCA COLA BOTTLING CONS 2031 2785 COMCAST CORP 6248 7323 COMERICA INC 3730 4186 CONOCOPHILLIPS 9121 9634 COPT DEFENSE PROPERTIES 447 487 CORE AND MAIN INC 2360 4364 CORTEVA INC 588 575 COTY INC 706 1130 COUSINS PROPERTIES INC 953 1169 CUSHMAN & WAKEFIELD PLC 573 583 CVS CAREMARK CORP 2920 3237 CYBERARK SOFTWARE LTD 3841 6352 DAIICHI SANKYO CO LTD SPONSORE 4491 4677 DANAHER CORP 2713 3007 DEERE CO 711 1999 DEUTSCHE TELE AG ADS 8424 10304 DIAGEO PLC ADS 4586 4515 DIGITAL RLTY TR INC 1741 2019 EASTGROUP PROPERTIES INC 1164 1285 ELEMENT SOLUTIONS INC 5369 6687 EQUIFAX INC 2791 3957 EQUINIX, INC 3653 4027 EQUITY COMMONWEALTH 2017 2035 ESSENTIAL PROPERTIES REALTY TR 893 946 ESSEX PRTY TR INC 987 992 EXPEDITORS INTL WASH INC 1920 5342 EXTRA SPACE STORAGE 2252 2886 FABRINET INC 1923 3997 FACTSET RESH SYST INC 1117 5248 FEDERAL SIGNAL CORP 865 1688 FERRARI NV 2285 3723 FIRST AMERICAN CORP 3933 4446 FIRST CITIZENS BANCSHARES INC 4248 4257 FISERV, INC 6261 8103 FOMENTO ECONOMICO MEXICANO 4466 5344 FOOT LOCKER INC N.Y. COM 1296 1339 FORTUNE BRANDS INNOVATIONS INC 3543 4949 FRANKLIN ELECTRIC CO., INC 1448 1836 GATX CORP INC 2875 3246 GENERAL MOTORS 6549 6573 GENMAB A/S SPON 1288 1274 GILDAN ACTIVEWEAR INC 2365 2215 GLOBAL PAYMENTS INC 4449 4826 GLOBUS MEDICAL INC 2481 2558 GOLDMAN SACHS GROUP 4150 5401 HCA INC 1206 3519 HDFC BANK LTD ADR 12233 13019 HEALTHPEAK PROPERTIES INC 466 554 HILTON WORLDWIDE HOLDINGS, INC 1277 3278 ILLUMINA INC COM 3241 3481 INFOSYS TECH LTD SPD ADR 7255 7278 INSIGHT ENTERPRISES, INC 1985 6910 INSTALLED BUILDING PRODUCTS IN 2096 4388 INTERCONTINENTAL EXCHANGE, INC 6922 9119 INTERNATIONAL GAME TECHNOLOGY 1805 2494 INTUITIVE SURGICAL 2556 4386 INVITATION HOMES INC. 879 921 IQVIA HOLDINGS INC 7177 8098 ITAU UNIBANCO HOLDING S.A 5546 6881 JANUS INTERNATIONAL GROUP INC 3172 3615 KERRY GROUP PLC 5289 5774 KFORCE INC 2419 2702 KION GROUP AG GERMANY 5255 8653 KIRBY CORPORATION 3117 3689 KKR & CO INC 6086 9279 KROGER CO 3409 3520 L'AIR LIQUIDE ADR OTC 3120 4479 LANDSTAR SYSTEM 2851 3486 LASERTEC ADR 5247 9634 LEAR CORP 3177 3107 LONDON STK EXCHANGE GROUP 6255 7164 LONZA GROUP AG UNSP/ADR 3256 2778 LOOMIS SAYLES HIGH INCOME OPPO 38978 34519 LOOMIS SAYLES SECURITIZED ASSE 104746 88367 LVMH MOET HENN UNSP 3675 4874 MAGNA INTERNATIONAL INC 3757 4077 MANULIFE FIN CORP 5554 6895 MASCO CORP 4316 5894 MATADOR RESOURCES COMPANY 1095 1080 MATERION CORP 1659 2082 MATIV HOLDINGS ORD SHS 1024 1118 MCGRATH RENTCORP 1413 1675 META PLATFORMS INC 9200 28317 MFA MTG INVTS INC 1850 2017 MICROSOFT CORP 2094 16170 MOELIS AND COMPANY 2121 2694 MONSTER BEVERAGE CORP 3234 10082 MOODYS CORP 2386 3515 MURATA MFG INC UNSP/ADR 4845 5510 MURPHY OIL CP HLDG 2202 2218 NATIONAL RETAIL PROPERTIES INC 2978 3362 NATIONAL STORAGE AFFILIATES TR 2646 3193 NESTLE S.A 4489 4510 NETFLIX INC 4994 13633 NETSTREIT 135 161 NIDEC CORPORATION ADR 4244 4418 NORSK HYDRO ASA 4124 4429 NOVARTIS AG ADR 3604 4241 NOVO NORDISK A S 1417 6414 NVIDIA CORP 1689 23275 NXP SEMICONDUCTORS 5700 6890 OLD NATIONAL BANCORP 1117 1267 ORACLE CORP 9874 15920 PAN PAC INTL HLDGS UNSPONSORED 7275 9377 PATTERSON-UTI ENERGY INC 1925 1868 PAYPAL HOLDINGS, INC 2219 2395 PENNYMAC MTG INVT TR 1413 1525 PERMIAN RESOURCES CORP CLASS A 2242 2706 PHILLIPS 66 5601 6258 PING AN INSURANCE GROUP ADR 2807 2030 PROLOGIS 4883 5199 PROSPERITY BANC SHARES, INC 2567 3116 PRUDENTIAL PLC SC 6839 6645 PUBLIC STORAGE INC 1711 1830 QUALCOMM INC 2076 5785 RAMBUS, INC 1174 3481 REALTY INCOME CORP 657 689 RED ROCK RESORTS INC 2146 2667 REGENCY CENTERS CORP 1525 1608 REGENERON PHARMACEUTICALS INC 4578 7026 RESTORATION HARDWARE 1015 1166 REXFORD INDUSTRIAL REALTY INC 1041 1178 ROCHE HOLDING LTD ADR 2601 2681 RUSH ENTERPRISES, INC 1396 2314 RYMAN HOSPITALITY PROPERTIES 1636 2091 SAFEHOLD INC 540 655 SAIA, INC 1252 2629 SALESFORCE.COM 12263 16578 SANDOZ GROUP AG 189 256 SAP AKTIENGESELL ADS 5330 8039 SEALED AIR CORP 2144 2337 SEI INVESTMENTS 1095 4004 SELECTIVE INS GROUP INC 2327 2785 SHELL ADR EACH REPRESENTING 2 6319 9080 SHIN-ETSU CHEMICAL C 3809 7231 SHISEIDO CO LTD 3289 3665 SHOPIFY INC 3571 6855 SIEMENS AG 6286 8138 SIGNET GROUP PLC SPONS ADR NAS 1980 2789 SIKA AG BEARER SHS 5386 6559 SIMON PPTY GROUP INC 1300 1712 SKYLINE CHAMPION CORP 2623 3193 SONY GROUP CORP 6890 7859 SOUTHERN COPPER CORP 8115 9123 SPIRE INC 2935 3117 STAG INDUSTRIAL INC 2827 3416 STARBUCKS CORP COM 4938 5665 STATE STREET CORPORATION 5480 6119 STMICROELECTRONICS 4638 5063 SUN COMMUNITIES INC 1244 1337 SYMRISE AG UNSPONSORED 4363 4512 TAIWAN SEMICONDUCTOR MFG CO LT 3513 5720 TANGER FACTORY OUTLET CENTERS 266 416 TE CONNECTIVITY LTD 2765 3372 TENCENT HOLDINGS LIMITED 4946 4724 TESLA MOTORS INC 8155 16897 THE CHEMOURS CO 2370 2839 THERMO FISHER SCIENTIFIC INC 3428 3716 THOR INDS INC 6834 9815 TORAY INDUSTRIES INC 8935 8218 TREASURY WINE ESTATES ADR 5318 5154 TRUIST FINANCIAL CORPORATION 4078 5206 UDR INC 1266 1417 ULTRA CLEAN HOLDINGS, INC 959 1229 UNITED BANKSHARES, INC 1909 2553 VALMONT INDUSTRIES INC 1368 1401 VALVOLINE INC 1875 2029 VANGUARD FTSE DEVELOPED MARKET 21316 22321 VANGUARD SMALL-CAP VALUE ETF 1695 1980 VANGUARD VALUE ETF 25662 26910 VENTAS INC 1991 2193 VERIS RESIDENTIAL ORD SHS 326 346 VERTEX PHARMCTLS INC 4409 8952 VICI PROPERTIES INC 2851 3188 VISA INC 11921 17443 WAL-MART DE MEX V SP/ADR 4824 6206 WALT DISNEY HOLDINGS CO 11037 11647 WARNER BROS. DISCOVERY, INC 4931 4825 WARNER MUSIC GRP CRP 3322 3543 WATTS WATER TECHNOLOGIES INC 685 1042 WELLS FARGO & CO 4840 8564 WELLTOWER INC. 1325 1443 WESTERN ALLIANCE BANCORPORATIO 4061 4408 WILLIS TOWERS WATSON 6085 6754 WORKDAY INC 2136 4141 WORLDLINE 1383 1997 YUM BRANDS INC 1408 3789 YUM CHINA HOLDINGS INC 1261 1443 ZIONS BANCORP 3084 3641 62738 53808 2010 1939 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 $3,066,207. This amount represents 25% or more of the Foundation's net assets of $3,919,646 (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 25557 25557 Bank Charges 699 699 State or Local Filing Fees 25 25 GRANTS OF PUBLICLY-TRADED SECURITIES 441612 Investment Management Services 25204 25204 990-PF Estimated Tax for 2023 1300 990-PF Extension for 2022 700 Foreign Tax Paid 1845 1845