2023-05-05T13:55:42-05:00 2022-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2022-01-01 823760826 Chung Foundation % Foundation Source CHUN 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 LESLIE CHUNG PRESIDENT 8008391754 2023-05-01 true LESLIE CHUNG 999009999 Jeffrey D Haskell P01345770 8008391754 2022 2023-04-26 12:10:37Z X 1496444 X 550000 618 618 37664 37664 -33068 292081 0 555214 38282 0 12206 12206 1164 13102 13102 12901 12901 39373 12206 26003 754500 754500 793873 12206 780503 -238659 26076 311420 74034 74034 1502199 1500926 1422410 1813619 1574960 1496444 0 0 X 1813619 1574960 1813619 1574960 1813619 1574960 1813619 -238659 1574960 1574960 Publicly-traded Securities 292081 325149 -33068 -33068 -33068 362 362 362 0 0 362 false false false false false false true true true DE true false false false false true Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 false false false false true false false false false false false false false false false false false false false false false false Leisle Chung Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres, Sec, Treas 1.0 0 0 0 Vinh Chung Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, VP 1.0 0 0 0 1494582 157913 0 1652495 0 1652495 24787 1627708 81385 81385 362 362 81023 81023 81023 780503 0 0 0 0 780503 81023 2020 2019 2018 9997 540007 473420 273680 1297104 780503 81023 699480 1996584 0 1996584 9997 540007 473420 273680 699480 Leisle Chung Vinh Chung X INTERNATIONAL JUSTICE MISSION PO BOX 96961 WASHINGTON DC 20090 N/A PC Guatemala Project 100000 Pine Creek High School 10750 THUNDER MOUNTAIN AVE COLORADO SPRINGS CO 80908 N/A GOV To support PCHS Speech and Debate Club 3000 Pine Creek High School 10750 THUNDER MOUNTAIN AVE COLORADO SPRINGS CO 80908 N/A GOV Pine Creek High School Speech & Debate 500 THE GATHERING 15 N ELLSWORTH AVE STE 220 SAN MATEO CA 94401 N/A PC General & Unrestricted 1000 WORLD VISION PO BOX 9716 FEDERAL WAY WA 98063 N/A PC Honduras WASH - Promesa del Sur 400000 WORLD VISION PO BOX 9716 FEDERAL WAY WA 98063 N/A PC Rwanda Thrive 250000 754500 14 618 14 37664 18 -33068 5214 5214 false false false false false false false false false false X X 1 Vanguard Medical Specialists LLC 9348 Grand Cordera Pkwy Ste 160 Colorado Springs CO 80924 550000 X 3M CO 22764 15191 ACCENTURE PLC 7805 8835 ACTIVISION BLIZZARD INC 3727 3674 ADOBE SYSTEMS, INC 9098 5721 ADVANCED MICRO DEVICES INC 3980 2979 ALPHABET INC CL A 10030 10588 ALPHABET INC CL C 9890 10648 AMAZON COM 25150 15120 APPLE INC 35040 44193 APPLIED MATERIALS INC 6761 5837 AT&T, INC 15023 12855 AUTOMATIC DATA PROCESSING INC 11106 16615 BANK OF AMERICA CORP 10561 10112 BAXTER INTERNATIONAL INC 6654 5072 BERKSHIRE HATHAWAY INC. CLASS 14804 17916 BROADCOM INC 6143 9141 CBRE GROUP 6411 7234 CHEVRON CORP 5768 10450 CIGNA CORPORATION 11821 17853 CISCO SYSTEMS INC 20793 19911 CITIGROUP INC 15825 10822 COMCAST CORP 6633 5548 CONSOLIDATED EDISON INC 9644 11256 COSTCO WHOLESALE CORPORATION 14497 13743 CVS CAREMARK CORP 17677 20372 D R HORTON 6653 6871 DEVON ENERGY CORPORATION 8706 9294 DIAMOND HILL CORE BOND FUND CL 103587 87265 DOUBLELINE TOTAL RETURN BOND 99956 82707 DUKE ENERGY CO 8929 9015 EATON VANCE CORE PLUS BOND FUN 22859 22792 EDWARDS LIFESCIENCES 7250 5596 ELEVANCE HEALTH INC 11874 18578 EOG RESOURCES INC 7021 7939 EVERGREEN ADJUSTABLE RATE FUND 67093 64791 EXXON MOBIL CORP 7033 14400 FIDELITY NATIONAL INFORMATION 6427 3371 FISERV INC 4141 4043 FORD MOTOR COMPANY 7581 7106 GENERAL MOTORS 10612 7468 GILEAD SCIENCES INC 24661 31026 GOLDMAN SACHS GROUP 8191 8943 HOME DEPOT INC 13183 15052 IDEXX CORP 11071 7343 INTEL CORP 27782 13334 INTERNATIONAL BUSINESS MACHINE 7964 8758 INVESCO FINANCIAL PREFERRED ET 47313 41415 ISHARES JP MORGAN USD EM MKTS 51889 41232 JP MORGAN CHASE 15807 18140 KROGER CO 8396 9185 LABORATORY CORP AMER HLDGS 6569 6397 LINDE PLC COM 9249 10533 MARATHON PETROLEUM CORP 6145 8133 MARSH AND MCLENNAN COMPANIES I 6484 6208 MASTERCARD INC 17322 18979 MCDONALD'S CORP 9097 11112 MCKESSON CORP 8498 9768 MEDTRONIC PLC 23147 15908 META PLATFORMS INC 17197 7942 MICRON TECHNOLOGY 8731 5494 MICROSOFT CORP 33603 42186 MOODYS CORP 5025 5039 MORGAN STANLEY 4890 6018 MOTOROLA SOLUTIONS INC 4659 4703 NEWMONT GOLDCORP CORPORATION 8829 6575 NEXTERA ENERGY, INC 13954 14321 NIKE INC-CL B 13465 13548 NUCOR CP 9072 10888 NVIDIA CORP 10387 10542 ORACLE CORP 4447 5953 PAYCHEX 12133 11372 PROCTER GAMBLE CO 26043 26031 PROLOGIS 5012 5772 PUBLIC STORAGE INC 11461 12261 QUALCOMM INC 6389 5745 QUEST DIAGNOSTICS 7464 8418 S&P GLOBAL INC COM 15024 14807 T-MOBILE US INC 4223 4340 TARGET CORPORATION 20627 13870 TESLA MOTORS INC 10987 6282 TEXAS INSTRUMENTS INC 8964 9704 THE COCA-COLA CO 23588 23882 UNION PACIFIC 12218 12376 UNITED PARCEL SERVICE 25830 24875 VERIZON COMMUNICATIONS 7244 5056 VISA INC 18245 18613 WALGREENS BOOTS ALLIANCE 11388 8777 WASTE MANAGEMENT INC 12693 13792 WEC ENERGY GROUP, INC 8931 8466 WELLS FARGO & CO 6552 8011 WESTERN ASSET CORE PORTFOLIO 77913 61354 WESTERN ASSET CORPORATE BOND F 22859 22794 WEYERHAEUSER CO 6672 6081 ZOETIS INC 14112 12134 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, 2022, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $754,500. This amount represents 25% or more of the Foundation's net assets of $2,042,829 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2022. 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 12839 12839 Postage/Delivery Service 37 37 State or Local Filing Fees 25 25 Investment Management Services 12206 12206 990-PF Excise Tax for 2021 125 990-PF Extension for 2021 1039