2023-11-16T16:55:02-06:00 2022-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2022-01-01 208037921 Singhal Family Charitable Foundation % Foundation Source SING 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 0 PRESIDENT 8008391754 2023-11-16 true AMIT SINGHAL 999009999 Jeffrey D Haskell P01345770 8008391754 2022 2023-04-26 12:10:37Z X 30388132 X 0 X 520 520 99078 99078 90044 6839693 72945 285774 213516 475416 386059 0 64055 21533 63696 63696 16488 3048 223962 124929 17500 368201 213206 17500 1774264 1774264 2142465 213206 1791764 -1667049 172853 42291 15660 15660 7829208 5116731 14604881 10071792 11044192 15767591 17943291 16176583 30388132 2350511 1225027 2350511 1225027 X 15592780 14951556 15592780 14951556 17943291 16176583 15592780 -1667049 1025825 14951556 14951556 Publicly-traded Securities 6839693 6794773 44920 44920 Passthrough K1 Capital Gain/(Loss) 45124 ALLOCATED TO UBTI - ACQ INDEBTEDNESS -17099 72945 2403 2403 2403 16505 0 16505 X 0 14102 14102 false false false false false true true false true true DE true false false false false true N/A 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 Amit Singhal Foundation Source 501 Silverside Rd Wilmington DE 198091377 Pres, Dir, Sec 5.0 0 0 0 Shilpa Singhal Foundation Source 501 Silverside Rd Wilmington DE 198091377 VP 5.0 0 0 0 Fidelity 200 SEAPORT BLVD BOSTON MA 02210 INVESTMENT MGMT 64055 21063788 -82888 15728368 36709268 2580943 34128325 511925 33616400 1680820 1680820 2403 2403 1678417 1678417 1678417 1791764 0 0 0 0 1791764 1678417 1750881 2020 2019 2018 1791764 1750881 40883 0 0 1637534 0 0 Amit Singhal Shilpa Singhal X SITARE FOUNDATION PO BOX 51958 PALO ALTO CA 94303 N/A PC General & Unrestricted (See General Explanation attachment) 1774264 1774264 14 520 14 99078 525990 17099 18 72945 K-1 Inc/Loss 525990 72263 14 190075 PFIC INCOME FROM BRIDGE MULTIFAMILY & COMMERCIAL 01 23436 89362 386054 475416 false false false false false false false false false false IN-KIND GRANTS In-Kind Grants FORM LINE / INSTRUCTION REFERENCE: PART I LINE 25 AND PART XIV LINE 3A DISTRIBUTIONS OF PROPERTY VALUE AT FAIR MARKET VALUE AT DATE OF DISTRIBUTION METHOD FOR DETERMINING FMV OF SECURITIES: AVERAGE OF HIGH/LOW ON DATE GRANTED TO CHARITY METHOD OF DETERMINING BOOK VALUE OF SECURITIES: COST OR AVERAGE OF HIGH/LOW ON DATE CONTRIBUTED TO FOUNDATION TOTAL FAIR MARKET VALUE OF PROPERTY: $1,774,264 TOTAL BOOK VALUE OF PROPERTY: $1,116,091 TOTAL CASH PORTION OF GRANTS: $- TOTAL AMOUNT OF GRANTS: $1,774,264 FORM 990-PF, PART III, LINE 3 - OTHER INCREASES/DECREASES: $658,173 DETAILS OF ITEMS GRANTED: DESCRIPTION OF PROPERTY: VANGARD RUSSELL 1000 GROWTH UNITS: 10,482 DATE OF DISTRIBUTION: 12/22/2022 GRANT RECIPIENT: SITARE FOUNDATION FMV OF PROPERTY: $575,933 BOOK VALUE OF PROPERTY: $468,414 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $575,933 DESCRIPTION OF PROPERTY: ISHARES S&P 500 INDEX FD UNITS: 3,147 DATE OF DISTRIBUTION: 12/22/2022 GRANT RECIPIENT: SITARE FOUNDATION FMV OF PROPERTY: $1,198,331 BOOK VALUE OF PROPERTY: $647,677 CASH PORTION OF GRANT: - TOTAL AMOUNT OF GRANT: $1,198,331 Form 926 Form 926 The Foundation has prepared this form to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information. Form 8865 Form 8865 The Foundation has prepared this form to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information. Part XII (990-PF) - Undistributed Income Part XII (990-PF) - Undistributed Income In 2023, Singhal Family Charitable Foundation (the "Foundation") discovered that on its Form 990-PF for taxable year ending December 31,2021, Parts X and XI were not recorded properly. The Foundation would not have been subject to an underdistribution penalty under 4942 for the year 2022 if the average value of the assets had been properly recorded in Part X. Therefore, the Foundation has chosen not to amend Form 990-PF for taxable year ending December 31, 2021. Instead, the Foundation has adjusted the amount reported in Part XII of Form 990-PF for year ending December 31, 2022 to reflect the correct balance. 990-PF 990-PF One or more partnerships have provided a Schedule K-3 for the tax year in which they have checked one or more of the boxes in Part I but not provided sufficient back-up information to allow the Foundation to verify why such boxes were checked or the extent to which the checking of such boxes affects any item on this return. The Foundation has prepared this return to the best of its ability and without any foreign filings for such partnerships based on the information provided to it by these partnerships and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information. PART I LINE 6A (990-PF) PART I LINE 6A (990-PF) RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $72,945 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $- ALLOCATED TO UBTI - ACQUISION INDEBTEDNESS NET GAIN/(LOSS): $17,099 TOTAL PART I, LINE 6A: $90,044 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $6,839,693 BOOK BASIS: $6,794,773 NET GAIN/(LOSS): $44,920 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $45,124 ALLOCATED TO UBTI - ACQUISION INDEBTEDNESS NET GAIN/(LOSS): $(17,099) ACCENTURE PLC 93166 160122 ALPHABET INC CL A 1814257 6094929 ALPHABET INC CL C 1811863 6199566 BERKSHIRE HATHAWAY INC. CLASS 121827 188738 CENCORA INC 211373 454194 COMCAST CORP 125592 108922 GARRETT MOTION INC 1045 480 HONEYWELL INTL 99628 143293 MASTERCARD INC 120358 272355 NESTLE SA CHAM ET VE OTC 205238 338489 NORTHROP GRUMMAN CORP 112829 199280 RESIDEO TECHNOLOGIESINC COM 2801 1727 VANGARD RUSSELL 1000 GROWTH 288234 355524 WALT DISNEY HOLDINGS CO 108520 87262 AJ CAPITAL RE FD II LP 1949913 1964794 ALTAIR COMMERCIAL R E LENDING 147172 100542 BRIDGE MULTIFAMILY & COMMERCIA 56778 531019 FORTRESS CREDIT OPP FD V (A) L 1104210 1267840 FORTRESS R E OPPS FUND III (B) 808148 928349 GENERAL CATALYST GROUP XI - CO 296978 298262 GOLUB CAPITAL PARTNERS INTERNA 1200990 1791289 HENDERSON PARK R E FD I TE LP 945807 1420809 IEQ CPTL ACCESS FD - BRIDGE ML 1123380 2404343 IEQ CPTL ACCESS FD - FORTRESS 966715 1025423 MOGLIX SPV 1225920 2787561 PROFITWHEEL DATA TECHNOLOGIES 69185 69200 SAAMA CAPITAL FUND V, L.P 778723 742344 SPC OPPORTUNITIES PARALLEL FEE 370273 435816 Administrative Fees 17500 17500 Bank Charges 20 20 K-1 Exp AJ CAPITAL RE FD II LP 12320 12306 K-1 Exp ALTAIR COMMERCIAL R E 1981 1981 K-1 Exp FORTRESS CREDIT OPP FD 33043 27925 K-1 Exp FORTRESS R E OPPS FUND 20220 9958 K-1 Exp GENERAL CATALYST GROUP 4668 388 K-1 Exp HENDERSON PARK R E FD 31081 28031 K-1 Exp IEQ CPTL ACCESS FD - B 14339 9807 K-1 Exp IEQ CPTL ACCESS FD - F 11751 10466 K-1 Exp MOGLIX SPV 13721 13721 K-1 Exp SAAMA CAPITAL FUND V, 63318 10326 K-1 Inc/Loss AJ CAPITAL RE FD II LP 801 61 K-1 Inc/Loss ALTAIR COMMERCIAL R E LENDING FD II 17813 17813 K-1 Inc/Loss FORTRESS CREDIT OPP FD V (A) LP 83159 53288 K-1 Inc/Loss FORTRESS R E OPPS FUND III (B) LP 54987 24260 K-1 Inc/Loss GENERAL CATALYST GROUP XI - COMMUNIT 9 8 K-1 Inc/Loss HENDERSON PARK R E FD I TE LP 55833 50354 K-1 Inc/Loss IEQ CPTL ACCESS FD - BRIDGE MLTIFMLY 8 5 K-1 Inc/Loss IEQ CPTL ACCESS FD - FORTRESS LENDIN 49728 44291 PFIC INCOME FROM BRIDGE MULTIFAMILY & COMMERCIA 23436 23436 GRANT OF PUBLICLY TRADED SECURITIES 658173 PRIOR PERIOD ADJUSTMENT 367652 LINE OF CREDIT 2350511 1225027 Investment Management Services 64055 21533 990-PF Estimated Tax for 2022 12900 990-T Extension for 2021 500 Foreign Tax Paid 3048 3048 IRS MISCELLANEOUS FEE 40