2023-11-12T16:01:42-06:00 2022-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2022-01-01 455288107 Kenneth and Jean Watson Fund % Foundation Source KENN 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 William Thorsness President 8008391754 2023-10-26 true William Thorsness 999009999 Jeffrey D Haskell P01345770 8008391754 2022 2023-04-26 12:10:37Z X 1146743 X 0 X 192 192 21607 21866 -31417 1116737 0 673 -8945 22058 0 5183 0 0 5183 18161 18161 1522 322 10764 10764 35630 18483 0 15947 0 0 35630 18483 0 15947 -44575 3575 84826 28443 28443 2798 2798 2798 431977 442618 1041614 618647 672884 1126440 1081865 1146743 0 0 X 1126440 1081865 1126440 1081865 1126440 1081865 1126440 -44575 1081865 1081865 Publicly-traded Securities 1116737 1148154 -31417 -31417 -31417 50 50 50 87 0 87 37 37 false false false false false false false true true DE IL true false false false false true Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 false false false true true false false false false false false false false false false false false false false false false false William W Thorsness Foundation Source 501 Silverside Rd Wilmington DE 198091377 Pres, Dir, Sec, Treas 1.0 0 0 0 1122642 72290 0 1194932 0 1194932 17924 1177008 58850 58850 50 50 58800 58800 58800 15947 0 0 0 0 15947 58800 2020 2019 2018 33334 101352 134686 15947 15947 0 42853 42853 91833 0 91833 91833 NONE X 14 192 14 21607 18 -31417 Federal Tax Refund 01 673 -8945 -8945 false false false false false false false false false false William W Thorsness *WILLIAM W THORSNESS, PRESIDENT OF KENNETH AND JEAN WATSON FUND (THE "FOUNDATION"), IS A PARTNER AT THE LAW FIRM OF LILLIG & THORSNESS, LTD A DISQUALIFIED PERSON WHICH PROVIDES LEGAL SERVICES TO THE FOUNDATION. DURING THE TAXABLE YEAR ENDING DECEMBER 31, 2022, THE FOUNDATION PAID $5,183 FOR LEGAL SERVICES RENDERED BY SUCH DISQUALIFIED PERSON AS REPORTED IN FORM 990-PF, PART I, LINE 16A. SUCH ADVISORY FIRM BILLED THE FOUNDATION AT OR BELOW THE RATE IT CHARGES ITS OTHER CLIENTS. ALPHABET INC CL A 4975 6529 AMAZON COM 1353 5460 AMERICAN EXPRESS CO 7173 6093 AMERICAN TOWER REIT INC 492 1073 AMGEN INC 1698 2399 ANALOG DEVICES INC 1487 1476 APPLE INC 6717 11597 APPLIED MATERIALS INC 2720 2747 ARK GENOMIC REVOLUTION MULTI S 17888 8046 ARK INNOVATION ETF 14439 7435 BLACKROCK INC 4387 5743 BRISTOL-MYERS SQUIBB CO 1721 1919 BROADCOM INC 4116 9179 CHENIERE ENERGY INC 1528 1505 CHEVRON CORP 1949 4048 COHEN & STEERS REAL ASSETS FDS 29226 30310 COMCAST CORP 5166 3574 COMMUNICATION SVCS SLCT SCTR S 7181 6912 CONSUMER DISCRETIONARY SELECT 8156 8982 COSTCO WHOLESALE CORPORATION 966 2291 CROWN CASTLE INTL 4542 4473 CSX CORP 3119 3655 CVS CAREMARK CORP 1015 932 DEERE CO 1835 2157 EATON CORP PLC 3096 3652 EDWARDS LIFESCIENCES 907 1492 ELI LILLY & CO 2630 4419 EMERSON ELECTRIC CO 1957 2642 ENTERGY CORP 4280 4397 EPAM SYSTEMS INC 1400 1311 EXXON MOBIL CORP 3246 5316 FIDELITY MSCI UTILITIES INDEX 2334 2437 FIFTH THIRD BANCORP 3904 5263 FINANCIAL SELECT SECTOR SPDR F 5353 5877 FIRST TRUST ISE CLOUD COMPUTIN 5548 5132 GARTNER INC 1013 1008 GEN DYNAMICS CP 6124 6532 GLOBAL X US INFRASTRUCTURE DEV 2078 1914 GOLDMAN SACHS GQG PARTNERS INT 38913 35441 HARTFORD SCHRODERS INTERNATION 20850 23310 HESS CORP 760 1007 HEWLETT PACKARD ENTERPRISE CO 5008 5626 HOME DEPOT INC 3274 3525 HONEYWELL INTL 1482 1954 INTERACTIVE BROKERS GROUP, INC 1314 1302 INTERCONTINENTAL EXCHANGE, INC 1510 1975 INTUIT 933 1562 INTUITIVE SURGICAL 473 1061 ISHARES DJ US RBIF 1121 832 ISHARES NASDAQ BIOTECHNOLOGY 2958 3554 ISHARES US AEROSPACE AND DEFEN 15168 16381 JANUS GLOBAL LIFE SCIENCES I S 29194 35836 JOHNSON & JOHNSON 4596 5194 JP MORGAN CHASE 3217 4374 KINDER MORGAN INC 4140 4527 KRAFT HEINZ CO 893 896 LULULEMON ATHLETICA INC 1409 1282 MAGNA INTERNATIONAL INC 5456 3471 MASTERCARD INC 754 1746 MCDONALD'S CORP 1061 2147 MEDTRONIC PLC 7520 5295 MICROSOFT CORP 13563 18322 NUTRIEN LTD 3584 3982 NVIDIA CORP 942 877 O'REILLY AUTOMOTIVE INC 764 1688 PACER BENCHMARK DATA & INFRAST 1871 1443 PACER US CASH COWS 100 ETF 14343 14985 PEPSICO INC 6488 7081 PRINCIPAL FINANCIAL GROUP 6562 7803 PROCTER GAMBLE CO 4497 4746 PROGRESSIVE CORP OHIO 1155 1167 REAL ESTATE SELECT SECTOR SPDR 3042 2572 REALTY INCOME CORP 6456 6015 SELECT SECTOR SPDR ENERGY FUND 3687 5335 SELECT SECTOR SPDR-HEALTH CARE 8862 12109 SERVICE NOW 3026 2330 SPDR S&P SEMICONDUCTOR 8582 13268 SPDR S&P TRANSPORTATION 1228 882 SYNCHRONY FINANCIAL 3179 3555 T-MOBILE US INC 1132 1120 TARGET CORPORATION 1647 1077 TEXAS INSTRUMENTS INC 5012 5358 THERMO FISHER SCIENTIFIC INC 470 2206 TJX COMPANIES INC 1395 2094 TORONTO DOMINION 2186 1935 TRUIST FINANCIAL CORPORATION 3477 3557 UNITED PARCEL SERVICE 1607 2475 UNITEDHEALTH GROUP INC 7489 9652 VANECK SEMICONDUCTOR ETF 7515 6161 VANGUARD CONSUMER STAPLES ETF 5590 7403 VANGUARD INDUSTRIALS ETF 4025 6108 VANGUARD INFORMATION TECHNOLOG 31121 36358 VANGUARD MTRL ETF 1571 1929 VANGUARD SMALL-CAP VALUE ETF 29099 30966 VERIZON COMMUNICATIONS 6784 5259 VICI PROPERTIES INC 3787 4214 VISA INC 2274 2920 WESTLAKE CHEMICAL CORP 698 518 WILLIAMS COS 2853 3347 WISDOMTREE FLOATING RATE TREAS 76935 76812 ZOETIS INC 426 1030 431977 442618 General Consultations 5183 5183 Administrative Fees 10724 10724 State or Local Filing Fees 40 40 Federal Tax Refund 673 Investment Management Services 18161 18161 990-PF Extension for 2021 1200 Foreign Tax Paid 322 322