2025-05-09T14:49:30-05:00 2024-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2024-01-03 990484164 FNK Sunset Foundation % Foundation Source FNKS 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 kathryn lane president 8008391754 2025-04-30 true true Jeffrey D Haskell P01345770 8008391754 2024 2025-03-06 01:10:19Z X X X 1799376 X 2011000 35983 35983 11553 11553 1212 112156 1212 2059748 48748 0 3562 3562 49 49 15271 56 15215 18882 3667 15215 250000 250000 268882 3667 265215 1790866 45081 650463 650463 100490 99467 1039913 1049446 0 1790866 1799376 0 0 X 1790866 0 1790866 0 1790866 0 1790866 1790866 1790866 Publicly-traded Securities 112156 110944 1212 1212 1212 627 627 627 0 0 X 0 627 false false false false false false true true true DE true false true 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 Flint A Lane Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, VP 1.0 0 0 0 Kathryn E Lane Foundation Source 501 Silverside Rd Wilmington DE 198091377 Pres, Sec, Treas, Dir 2.0 0 0 0 402791 927279 0 1330070 0 1330070 19951 1310119 65148 65148 627 627 64521 64521 64521 265215 0 0 0 0 265215 64521 265215 64521 200694 200694 0 200694 200694 Flint A Lane Kathryn E Lane X BUILDING 21 600 W GERMANTOWN PIKE STE 400 144 PLYMOUTH MTNG PA 19462 N/A PC General & Unrestricted 125000 KURA LABS INC 228 PARK AVE S PMB 41227 NEW YORK NY 10003 N/A PC General & Unrestricted 125000 250000 14 35983 14 11553 18 1212 48748 48748 false false false false false false false false false false X X 1 Lane Kathryn E 520 Yucca Road Naples FL 34102 2011000 X ADOBE SYSTEMS, INC 10910 8894 AGILENT TECHNOLOGIES INC 7933 7792 ALIGN TECHNOLOGY, INC 6303 5630 ALPHABET INC CL A 16785 18551 ALPHABET INC CL C 22456 24757 AMAZON COM 27357 30056 AMER INTERNATIONAL GROUP INC 10505 10192 AMER SPORTS, INC. 4480 8668 ANALOG DEVICES INC 8893 8498 APPLE INC 20939 22538 ARTISAN HIGH INCOME FUND CL IN 50000 50681 AUTODESK, INC 10690 11527 BAKER HUGHES COMPANY 7781 8614 BANK OF AMERICA CORP 7144 7384 BERKSHIRE HATHAWAY INC. CLASS 25175 25384 BOOKING HOLDINGS INC 12893 14905 BRIGHT HORIZONS FAMILY SOLUTIO 6061 5543 BROWN ADVISORY BEUTEL GOODMAN 26468 23252 BROWN ADVISORY GLOBAL LEADERS 80000 81666 CANADIAN NATL RAILWAY CO 6840 6192 CARMAX INC 6686 6868 CARRIER GLOBAL 9345 9010 DANAHER CORP 7049 6427 EDWARDS LIFESCIENCES 14024 14214 ELEVANCE HEALTH INC 12556 9960 FERGUSON PLC 10069 8679 FIRST CITIZENS BANCSHARES INC 13775 14791 FISERV, INC 14633 16639 GENERAL ELECTRIC CO 7695 7506 ILLUMINA INC COM 6614 6147 INTUIT 13370 13199 KKR & CO INC 28600 32688 KLA TENCOR CORP 5703 5671 LOWES COMPANIES INC 7062 6910 MASTERCARD INC 28442 30541 META PLATFORMS INC 30723 32203 MICROSOFT CORP 44638 43415 NOMAD FOODS LIMITED 6643 6259 PIMCO MORTGAGE OPPORTUNITIES F 50000 49014 PROGRESSIVE CORP OHIO 10707 10782 SUNCOR ENERGY INC 12213 11346 T-MOBILE US INC 9313 9933 TAIWAN SEMICONDUCTOR MFG CO LT 23142 24489 THE BLACKSTONE GROUP INC CL A 4304 4828 TJX COMPANIES INC 10180 10390 UBER 8174 6997 UNITED RENTALS INC 14960 14089 UNITEDHEALTH GROUP INC 25005 23270 VISA INC 28387 31288 VOYA INT'L BOND FD CLASS I 200000 194976 WORKDAY INC 6288 6193 100490 99467 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: Typically, a finding of a substantial contraction of assets is made by reference to the fair market value of a foundation's net assets on the first day of its calendar year. However, the taxable year ending December 31, 2024 was the year in which the Foundation received its initial endowment and the finding of a substantial contraction in this case was made by reference to the fair market value of the Foundation's assets on the date that it received its initial endowment. Accordingly, the degree of contraction of the Foundation's net assets may have been exaggerated. During the taxable year ending December 31, 2024, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $250,000 This amount represents 25% or more of the Foundation's net assets of $11,000 (as measured by fair market value) on the day that the Foundation received its initial endowment in the Foundation's taxable year ending December 31, 2024. 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 8053 8053 Administrative Set-Up Fee 5900 5900 Bank Charges 56 56 Delaware Incorporation Fees 500 500 IRS Application Fees 600 600 State or Local Filing Fees 25 25 Website Hosting/Support 137 137 Investment Management Services 3562 3562 Lane Kathryn E 520 Yucca Road Naples FL 34102 Lane Flint A 520 Yucca Road Naples FL 34102 Foreign Tax Paid 49 49