2023-10-31T13:56:57-05:00 2022-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2022-05-04 882199582 The Willowmere Foundation % Foundation Source WILL 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 MATTHEW HAPGOOD TREASURER 8008391754 2023-10-26 true MATTHEW HAPGOOD 999009999 Jeffrey D Haskell P01345770 8008391754 2022 2023-04-26 12:10:37Z X X X 4978923 X 5010000 41871 41871 12947 12947 55150 4904295 3516379 5119968 3571197 0 8875 8875 44900 12729 12729 66504 8875 12729 12000 12000 78504 8875 24729 5041464 3562322 1149132 1149132 357735 360144 3131063 3062596 403534 407051 0 5041464 4978923 0 0 X 5041464 0 5041464 0 5041464 0 5041464 5041464 5041464 Publicly-traded Securities 4904295 1387916 3516379 3516379 3516379 49516 49516 49516 44900 0 4616 49516 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 false false false false false false false false false false false false false false false false false Barbara Hapgood Foundation Source 501 Silverside Rd Wilmington DE 198091377 Sec 1.0 0 0 0 Gay Hapgood Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres 1.0 0 0 0 Matthew Hapgood Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Treas 1.0 0 0 0 1068795 2578515 0 3647310 0 3647310 54710 3592600 119097 119097 49516 49516 69581 69581 69581 24729 0 0 0 0 24729 69581 2020 2019 2018 24729 24729 0 0 44852 0 0 NONE X ALBEMARLE SOCIETY FOR THE PREVENTION OF CRUELTY TO 3355 BERKMAR DR CHARLOTTESVILLE VA 22901 N/A PC General & Unrestricted 1000 NEADS INC PO BOX 1100 PRINCETON MA 01541 N/A PC General & Unrestricted 10000 WILD DOLPHIN PROJECT INC 1208 US HWY ONE SUITE G NORTH PALM BEACH FL 33408 N/A PC General & Unrestricted 1000 12000 14 41871 14 12947 18 55150 109968 109968 false false false false false false false false false false X X 1 Gay Hapgood Revocable Trust 10 Lawton Road Leverett MA 01054 5000000 X X 2 Gay Hapgood 10 Lawton Rd Leverett MA 01054 10000 X 1 DELTA AIR LINES INC DAL, 17000 sh. 548590 2022-07-19 1 QUANTA SVCS INC PWR, 18000 sh. 2337300 2022-07-19 1 MASTERCARD INC MA, 1000 sh. 336895 2022-07-19 1 QUANTA SVCS INC PWR, 4500 sh. 584325 2022-07-19 1 EXXON MOBIL CORP XOM, 422 sh. 36876 2022-07-19 1 RAYTHEON TECHNOLOGIES CORP RTX, 4669 sh. 427727 2022-07-19 1 APPLE INC AAPL, 2800 sh. 417396 2022-07-19 1 EXXON MOBIL CORP XOM, 2578 sh. 225279 2022-07-19 COMCAST CORP NOTE - 3.300% - 0 70856 70780 DTE ELECTRIC CO - 1.770% - 02/ 64569 65265 INTEL CORP - 2.450% - 11/15/20 64403 64475 JOHN DEERE - 1.300% - 10/13/20 65164 66382 MORGAN STANLEY SER I MTN - 0.7 68702 69727 THERMO FISHER SCIENTIFIC INC N 69840 70422 ABBOTT LABS 22125 23495 ABBVIE INC 16880 17131 ACCENTURE PLC 15431 14409 ADOBE SYSTEMS, INC 18790 19182 AGILENT TECHNOLOGIES INC 11820 11822 AIR PRODS & CHEM INC 17005 17879 ALBEMARLE CP 5935 4771 ALEXANDRIA REAL ESTATE EQUITIE 8020 7866 ALPHABET INC CL C 83713 77195 ALPS CLEAN ENERGY ETF 82075 68235 AMERICAN EXPRESS CO 17335 16844 AMERICAN TOWER REIT INC 9389 9322 AMERICAN WATER WORKS COMPANY I 13099 13413 AMERIPRISE FINANCIAL INC 8025 7784 APPLE INC 150536 132528 APPLIED MATERIALS INC 19101 18307 APTIV PLC 10672 9872 AUTODESK, INC 11496 10465 AUTOMATIC DATA PROCESSING INC 10735 10032 BALL CP 6514 6239 BAXTER INTERNATIONAL INC 5141 4995 BEST BUY INC 7423 7780 BLACKROCK INC 21150 21259 BOSTON SCIENTIFIC 9044 9532 BRISTOL-MYERS SQUIBB CO 23421 21585 CATERPILLAR INC 11229 11738 CBRE GROUP 10522 10774 CIGNA CORPORATION 8340 8615 CISCO SYSTEMS INC 28063 28298 CITIGROUP INC 23163 22389 COLGATE-PALMOLIVE COMPANY 13923 14261 COMCAST CORP 18642 18709 COSTCO WHOLESALE CORPORATION 21630 20086 CUMMINS INC 9826 9692 CVS CAREMARK CORP 13963 13233 DANAHER CORP 5469 5574 DEERE CO 17236 17579 DEVON ENERGY CORPORATION 18869 16854 EATON CORP PLC 12539 12399 EBAY INC 20681 19864 ECOLAB INC 10509 10189 EDWARDS LIFESCIENCES 5434 5521 ELECTRONIC ARTS 9514 9164 ELEVANCE HEALTH INC 22624 22571 EMERSON ELECTRIC CO 17413 17963 ESTEE LAUDER COMPANIES INC 13537 15135 ETSY INC 7116 6827 GENERAL MILLS INC 21050 21382 GILEAD SCIENCES INC 13492 13736 GRAINGER W W INC 11747 11125 HESS CORP 25156 25528 HILTON WORLDWIDE HOLDINGS, INC 23693 21734 HOLOGIC, INC 5265 5386 HOME DEPOT INC 28461 28743 HUMANA INC 17569 16902 HUNTINGTON BANCSHARES INC 11279 10674 ILLINOIS TOOL WORKS 10660 10574 ILLUMINA INC COM 5936 5459 INT'L FLAVORS & FRAGRANCES INC 8891 9226 INTUIT 12211 12066 IQVIA HOLDINGS INC 5034 4917 ISHARES ESG ADVANCED TOTAL USD 123746 126600 ISHARES FLOATING RATE NOTE FUN 75435 75495 ISHARES TRUST ISHARES MSCI EAF 122322 131479 JOHNSON CONTROLS INTERNATIONAL 8123 8064 LAM RESEARCH CORP 11044 10508 LOWES COMPANIES INC 17354 16736 MARATHON PETROLEUM CORP 21784 22114 MASTERCARD INC 24650 25384 MERCK & CO INC 25834 27183 METLIFE INC 24062 23376 METTLER-TOLEDO INTL 5552 5782 MICROSOFT CORP 112781 112236 MOODYS CORP 6865 6687 MORGAN STANLEY 30887 29672 NEXTERA ENERGY, INC 27442 27922 NIKE INC-CL B 12866 14509 NUVEEN ESG EMERGING MARKETS EQ 93414 95400 NUVEEN ESG MID-CAP GROWTH ETF 123606 123200 NUVEEN ESG MID-CAP VALUE ETF 150042 139824 NUVEEN ESG SMALL-CAP ETF 162620 152459 NUVEEN ESG US AGGREGATE BOND E 63394 64222 NUVEEN ESG US HIGH YIELD CORPO 61226 60780 NVIDIA CORP 34766 32443 OTIS WORLDWIDE CORP 5142 5247 PAYPAL HOLDINGS, INC 8224 7977 PEPSICO INC 41187 41010 PNC FINANCIAL GROUP INC 22899 22743 PROCTER GAMBLE CO 21956 23189 PROGRESSIVE CORP OHIO 17225 17381 PROLOGIS 14592 14542 PUBLIC STORAGE SER P 4.00% 74928 70678 QUALCOMM INC 15432 14182 ROCKWELL AUTOMATION INC 11993 11848 S&P GLOBAL INC COM 16141 15742 SALESFORCE.COM 19199 17237 SCHLUMBERGER LTD 18012 18925 SEMPRA ENERGY COM 14584 14218 STARBUCKS CORP COM 21076 21030 STERIS PLC 4798 4987 SVB FINANCIAL GROUP 6614 6904 T-MOBILE US INC 16010 15120 TARGET CORPORATION 11510 10582 TEXAS INSTRUMENTS INC 21586 20818 THE HERSHEY COMPANY 14348 14357 THERMO FISHER SCIENTIFIC INC 12799 13217 TJX COMPANIES INC 17241 17751 TRACTOR SUPPLY CO COM 6535 6749 TRANE TECHNOLOGIES PLC 4995 4875 TRUIST FINANCIAL CORPORATION 16136 15663 ULTA SALON, COSMETICS & FRAGRA 8412 8912 UNITEDHEALTH GROUP INC 29030 28630 US BANCORP 12077 12124 VALERO ENERGY CORP 22095 21566 VENTAS INC 8956 8875 VERIZON COMMUNICATIONS 15812 16509 VERTEX PHARMCTLS INC 12843 11840 VISA INC 28088 28048 WALT DISNEY HOLDINGS CO 20525 18419 WASTE MANAGEMENT INC 23188 22434 XCEL ENERGY INC 7355 7362 XYLEM INC 9296 9398 ZOETIS INC 12848 12603 357735 360144 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, 2022 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, 2022, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $12,000. This amount represents 25% or more of the Foundation's net assets of $10,000 (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, 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 6229 6229 Administrative Set-Up Fee 5400 5400 Delaware Incorporation Fees 500 500 IRS Application Fees 600 600 Investment Management Services 8875 8875 Gay Hapgood Revocable Trust 10 Lawton Road Leverett MA 01054 990-PF Estimated Tax for 2022 44900