2025-05-13T08:24:38-04:00 2024-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2024-01-01 202031200 The Shadow Funders Inc % Foundation Source SHAD 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 MICHAEL HAGLUND PRESIDENT 8008391754 2025-05-07 true true Jeffrey D Haskell P01345770 8008391754 2024 2025-03-06 01:10:19Z X 845010 X 35137 755 755 16478 16401 54453 363459 71234 106823 88390 0 6277 6277 729 287 10474 2077 8397 17480 8641 8397 80000 80000 97480 8641 88397 9343 79749 0 38581 31945 31945 623969 639948 813065 662550 671893 845010 0 0 X 662550 671893 662550 671893 662550 671893 662550 9343 671893 671893 Publicly-traded Securities 363459 292225 71234 71234 71234 1109 1109 1109 0 0 X 0 1109 false false false false false false false true true DE true false false false false 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 Christina E Haglund Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, VP 1.0 0 0 0 Erick J Haglund Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, VP 1.0 0 0 0 Melissa Haglund Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, VP 1.0 0 0 0 Michael E Haglund Foundation Source 501 Silverside Rd Wilmington DE 198091377 Pres, Dir, Sec 1.0 0 0 0 Molly G Haglund Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, VP 1.0 0 0 0 806461 44655 0 851116 0 851116 12767 838349 41917 41917 1109 1109 40808 40808 40808 88397 0 0 0 0 88397 40808 7518 31172 11649 50339 88397 40808 47589 97928 0 7518 90410 31172 11649 47589 Melissa Haglund Michael E Haglund X ALL SAINTS PARISH 3847 NE GLISAN ST PORTLAND OR 97232 N/A PC renovation of Wally Shepard Gym 25000 ALL SAINTS PARISH 3847 NE GLISAN ST PORTLAND OR 97232 N/A PC Scholarship fund for 7th and 8th Grade 3000 COLUMBIA RIVER MARITIME MUSEUM INC 1792 MARINE DR ASTORIA OR 97103 N/A PC General & Unrestricted 50000 NORTHWEST TENNESSEE LOCAL FOOD NETWORK 113 ELM ST MARTIN TN 38237 N/A PC General & Unrestricted 2000 80000 14 755 14 16478 18 54453 71686 71686 false false false false false false false false false false X X 1 Haglund Michael E 4196 NE Alameda Portland OR 97204 35137 X 1 SYNCHRONY FINANCIAL SYF, 229 sh. 11037 2024-09-25 1 LOCKHEED MARTIN CORP LMT, 16 sh. 9285 2024-09-25 1 ASBURY AUTOMOTIVE GR ABG, 63 sh. 14815 2024-09-25 ABB LTD 3329 4458 ABBOTT LABS 4899 5769 ABBVIE INC 7632 9063 AES CORP 317 257 AIA GROUP LTD ADR 1252 893 AIR PRODS & CHEM INC 9136 11022 AIRBNB 946 788 AIRBUS GROUP 998 1315 ALLSTATE CORP 9948 15615 ALNYLAM PHARMACEUTICALS, INC 440 706 ALPHABET INC CL A 4716 9654 ALPHABET INC CL C 2356 2857 AMADEUS IT HLDS SA 332 353 AMAZON COM 1454 1755 AMERICA MOVIL SA 515 372 AMERICAN EXPRESS CO 2782 4749 AMERIPRISE FINANCIAL INC 4081 4792 APPLE INC 12408 24540 APPLIED MATERIALS INC 7314 7318 ASML HOLDING NV NY REG SHS 5893 6931 ASSA ABLOY UNSP/ADR 639 674 ASTRAZENECA 5477 6093 BAE SYSTEMS PLC 609 572 BEIGENE LTD 566 554 BLACKROCK INC 4903 7176 BOEING CO 2677 2478 BOSTON SCIENTIFIC 902 893 BP PLC SPONSORED ADR 894 709 BRISTOL-MYERS SQUIBB CO 9877 10520 BRITISH AMERICAN TOBACCO PLC 586 617 BROADCOM INC 9496 37557 BUNGE GLOBAL SA 628 467 CALRSBERG AS SP ADR REP B 473 286 CANADIAN NATURAL RESOURCES LTD 2525 2624 CAP GEMINI SA UNSP/ADR 479 422 CAPITAL ONE FINANCIAL CORP 2542 4280 CARRIER GLOBAL 1294 1638 CATERPILLAR INC 7847 12697 CDW CORP 3212 4177 CELANESE CORPORATION 3429 1869 CENOVUS ENERGY INC 829 606 CHUBB LIMITED 4303 6908 CISCO SYSTEMS INC 9052 9531 CLOROX CO 2680 3411 CLOUDFLARE, INC. 825 754 CME GROUP, INC 826 929 COMCAST CORP 10346 7881 CONOCOPHILLIPS 770 595 CONSTELLATION BRANDS INC 5421 4641 CONSTELLATION ENERGY GROUP INC 1688 4698 COSTCO WHOLESALE CORPORATION 1427 1833 CRANE CO 2678 3794 CSX CORP 3528 3969 CVS CAREMARK CORP 4845 3097 DAIKIN INDS LTD ADR 765 594 DANAHER CORP 4678 4821 DARDEN RESTAURANTS INC 3635 5227 DEVON ENERGY CORPORATION 4077 3306 DISCOVER FINL SVCS COM 2112 4158 DNB BANK ASA 577 617 DSV UNSP ADR EACH REPR 0.5 ORD 1027 1381 ELEVANCE HEALTH INC 2239 2582 ELI LILLY & CO 5889 12352 ENTAIN PLC 353 301 EOG RESOURCES INC 10442 10297 EQUIFAX INC 479 510 ESSILOR INTL ADR 1112 1327 EXTRA SPACE STORAGE 3719 3590 EXXON MOBIL CORP 4033 3657 FLUTTER ENTMT PLC ADR 732 1034 FORTINET INC 2759 4346 FREEPORT-MCMORAN COPPER & GOLD 505 419 GENERAL ELECTRIC CO 6698 7172 GENERAL MOTORS 6311 7991 GILEAD SCIENCES INC 3700 5080 GODADDY INC 614 987 GOLDMAN SACHS GROUP 2588 5154 HALLIBURTON COMPANY 4099 2882 HERMES INTL 10 ADR 766 1195 HILTON WORLDWIDE HOLDINGS, INC 1004 1236 HOME DEPOT INC 18142 26061 HONEYWELL INTL 9570 11520 HONG KONG EX&CL UNSP/ADR 399 488 ICICI BK LTD ADS 896 1045 INTERCONTINENTAL EXCHANGE, INC 2223 2980 INTERNATIONAL BUSINESS MACHINE 9752 9233 INTUITIVE SURGICAL 1118 1566 JOHNSON & JOHNSON 9686 8388 JP MORGAN CHASE 6894 12225 KEURIG DR PEPPER INC 5839 5493 KIMBERLY CLARK CORP 3968 3669 KKR & CO INC 3498 5916 L3HARRIS TECHNOLOGIES 3191 2734 LINDE PLC COM 3517 5024 LONDON STK EXCHANGE GROUP 786 1106 LOWES COMPANIES INC 2954 5430 LVMH MOET HENN UNSP 1323 915 MARSH AND MCLENNAN COMPANIES I 5451 10833 MASTERCARD INC 8649 11058 MCDONALD'S CORP 9819 8987 MEDTRONIC PLC 8765 7908 MERCK & CO INC 10344 13430 META PLATFORMS INC 5059 8197 MICROSOFT CORP 16736 30769 MITSUI & COMPANY, LTD. - ADR 900 833 MOTOROLA SOLUTIONS INC 4605 5085 NESTLE S.A 11686 9396 NETFLIX INC 1832 2674 NIKE INC-CL B 565 454 NINTENDO CO LTD ADR UNSPON 723 775 NORTHROP GRUMMAN CORP 4287 6101 NOVO NORDISK A S 1752 2237 NVIDIA CORP 4008 5237 ON SEMICONDUCTOR 386 378 OWENS CORNING 2459 5110 PAYCHEX 4154 4767 PEPSICO INC 9730 8819 PERNOD RICARD S A SPONSORED AD 424 315 PFIZER INC 355 371 PHILIP MORRIS INTL 11441 13960 PROCTER GAMBLE CO 9324 11065 PROSUS NV ADR 641 834 RAYTHEON TECHNOLOGIES CORP 4944 6249 REGENERON PHARMACEUTICALS INC 1843 1425 RENAISSANCERE HOLDINGS LTD 2690 2986 RENAULT SA 666 624 RESTAURANT BRANDS INTL 567 521 ROLLS ROYCE GRP PLC S/ADR 490 882 ROYAL CARRIBEAN CRUISE 3875 5998 RYANAIR HOLDINGS PLC-ADR COM 545 436 SAFRAN SA - UNSPON ADR 1568 1799 SALESFORCE.COM 1105 1337 SAP AKTIENGESELL ADS 5198 5170 SCHLUMBERGER LTD 563 422 SCHNEIDER ELEC UNSP/ADR 1384 1539 SEMPRA ENERGY COM 3510 4649 SHERWIN-WILLIAMS CO 618 680 SHIN-ETSU CHEMICAL C 572 710 SHOPIFY INC 624 1170 SIKA AG BEARER SHS 932 778 SMC CORPORATION 420 310 SOUTHERN CO 4357 4445 STARBUCKS CORP COM 884 913 STMICROELECTRONICS 495 300 SYNOPSYS, INC 1072 971 TAIWAN SEMICONDUCTOR MFG CO LT 1255 3555 TARGET CORPORATION 2612 2298 TENCENT HOLDINGS LIMITED 571 638 TESLA MOTORS INC 1758 4038 TEXAS INSTRUMENTS INC 9601 10876 THE BLACKSTONE GROUP INC CL A 4705 6207 THE COCA-COLA CO 9732 9775 THE HERSHEY COMPANY 11495 10838 THERMO FISHER SCIENTIFIC INC 1101 1040 TJX COMPANIES INC 2816 4832 TOTALENERGIES SE 1032 872 TRIP COM GROUP ADR 866 1236 UNICREDIT SPA 525 679 UNILEVER PLC AMER 9666 10603 UNION PACIFIC 9423 9578 UNITED RENTALS INC 3256 9158 UNITEDHEALTH GROUP INC 10743 12141 VALE SA 690 514 VERIZON COMMUNICATIONS 9855 8958 VERTEX PHARMCTLS INC 1577 1611 VISA INC 8006 10429 WARNER MUSIC GRP CRP 4115 4185 WELLS FARGO & CO 3766 4566 WELLTOWER INC. 4356 6049 YUM BRANDS INC 4959 5501 ZOETIS INC 760 815 Administrative Fees 8372 8372 Bank Charges 2077 2077 State or Local Filing Fees 25 25 Investment Management Services 6277 6277 We respectfully request that The Shadow Funders Inc.'s quarterly estimated taxes for taxable year ending December 31, 2024 be treated as timely and request that the $20 penalty indicated on Form 2220 be abated because the underpayment in Q3 and Q4 was due to reasonable cause. Treasury Regulations Sec 301.6651-1(c)(1) defines reasonable by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to calculate its quarterly estimates for tax period ending December 31, 2024. The firm's software correctly determined that the foundation could pay its Q3 and Q4 estimates based on prior year tax liability. However, since that liability was under $500, the software incorrectly indicated that no quarterly payment was due. As soon as the error was discovered, the foundation paid the required tax. We believe that the underpayment was due to reasonable cause and in no way due to an intentional disregard for the rules and respectfully request that no 2220 penalty be assessed. 990-PF Excise Tax for 2023 442 Foreign Tax Paid 287 287