2022-07-07T11:25:05-05:00 2021-12-31 FOUNDATION SOURCE ONE HOLLOW LN STE 212 LAKE SUCCESS NY 11042 990PF 2021-01-01 823760826 Chung Foundation % Foundation Source CHUN 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 LEISLE CHUNG PRESIDENT 8008391754 2022-06-09 true LEISLE CHUNG 999009999 Jeffrey D Haskell P01345770 8008391754 2021 2022-09-23 18:48:47Z X 2042829 X 1033656 849 849 27742 27742 64611 790578 238660 1126858 267251 0 10171 10171 2600 15207 15207 11744 11744 39722 10171 26951 323000 323000 362722 10171 349951 764136 257080 128882 311420 311420 920601 1502199 1731409 1049483 1813619 2042829 0 0 X 1049483 1813619 1049483 1813619 1049483 1813619 1049483 764136 1813619 1813619 Publicly-traded Securities 790578 551918 238660 238660 238660 3573 3573 3573 2409 0 1039 3448 X 0 125 false false false false false false true true true DE true false false 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 Leisle Chung Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres, Sec, Treas 1.0 0 0 0 Vinh Chung Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, VP 1.0 0 0 0 1338582 282612 0 1621194 0 1621194 24318 1596876 79844 79844 3573 3573 76271 76271 76271 349951 0 0 0 0 349951 76271 2019 2018 2017 9997 540007 473420 1023424 349951 76271 273680 1297104 0 1297104 9997 540007 473420 273680 Leisle Chung Vinh Chung X BRADFORD ELEMENTARY 107 SOUTH LACROSSE AVE PUEBLO CO 81001 N/A GOV General & Unrestricted 2000 CARVER ELEMENTARY SCHOOL 4740 ARTISTIC CIR COLORADO SPRINGS CO 80917 N/A GOV General & Unrestricted 2000 LUTHERAN SOCIAL SERVICE OF COLORADO - LUTHERAN FAM 1600 DOWNING ST STE 600 DENVER CO 80218 N/A PC Resettlement of Afghan refugees in Colorado Springs 100000 NORTHSIDE HIGH SCHOOL 2301 N B ST FORT SMITH AR 72901 N/A GOV computer for college 2000 OAK CREEK ELEMENTARY SCHOOL 3333 OAK CREEK DR WEST COLORADO SPRINGS CO 80906 N/A GOV Student Activities at Oak Creek Elementary 2000 PINE CREEK HIGH SCHOOL 10750 THUNDER MOUNTAIN AVE COLORADO SPRINGS CO 80908 N/A GOV National Speech & Debate Honor Society at Pine Creek High School 1000 WASHINGTON ELEMENTARY SCHOOL 606 NORTH 9TH ST CANON CITY CO 81212 N/A GOV General & Unrestricted 2000 WOLFPACK FOUNDATION PO BOX 206 LINCOLN AR 72744 N/A PC Scholarship to purchase a computer for the valedictorian to use in college 2000 WORLD VISION PO BOX 9716 FEDERAL WAY WA 98063 N/A PC Rwanda WASH and Cambodia Child Protection 210000 323000 14 849 14 27742 18 64611 93202 93202 false false false false false false false false false false X X 1 Leisle Chung 9348 Grand Cordera Pkwy Ste 160 Colorado Springs CO 80924 190116 X 2 Vanguard Medical Specialists LLC 9348 Grand Cordera Pkwy Ste 160 Colorado Springs CO 80924 840000 X 1 TESLA MOTORS INC TSLA, 225 sh. 190116 2021-02-04 3M CO 22210 21792 ACCENTURE PLC 7673 13546 ADOBE SYSTEMS, INC 10254 11341 ALPHABET INC CL A 10030 17382 ALPHABET INC CL C 9890 17362 AMAZON COM 25150 30009 ANTHEM INC 14672 21219 APPLE INC 36908 65361 APPLIED MATERIALS INC 6700 9341 ARTISAN HIGH INCOME FUND CLASS 24210 25167 AT&T, INC 22766 19184 AUTOMATIC DATA PROCESSING INC 10820 16841 BANK OF AMERICA CORP 10302 13249 BERKSHIRE HATHAWAY INC. CLASS 14804 17342 BEST BUY INC 4871 4343 BLACKROCK INC 9353 13315 BRANDYWINEGLOBAL HIGH YIELD FU 25053 25011 BROADCOM INC 6139 11196 CBRE GROUP 6411 10200 CHEVRON CORP 5444 6608 CIGNA CORPORATION 14018 14676 CISCO SYSTEMS INC 20174 25670 CITIGROUP INC 13946 12131 COMCAST CORP 5761 6884 CONSOLIDATED EDISON INC 10473 11006 CVS CAREMARK CORP 20306 26345 D R HORTON 5433 6427 DIAMOND HILL CORE BOND FUND CL 101002 98989 DOUBLELINE TOTAL RETURN BOND 101321 99026 DUKE ENERGY CO 13754 14711 ESTEE LAUDER COMPANIES INC 9595 9995 EVERGREEN ADJUSTABLE RATE FUND 74985 74884 EXXON MOBIL CORP 6580 7704 FIDELITY NATIONAL INFORMATION 6983 5841 FISERV INC 4141 4152 FORD MOTOR COMPANY 5948 9956 GENERAL MOTORS 8911 10143 GILEAD SCIENCES INC 27347 29084 GOLDMAN SACHS GROUP 7961 9685 HOME DEPOT INC 10877 16423 IDEXX CORP 12884 13828 ILLINOIS TOOL WORKS 11972 14231 INTEL CORP 27065 24973 INTERNATIONAL BUSINESS MACHINE 9385 9872 INTUIT 3325 6487 ISHARES JP MORGAN USD EM MKTS 49867 50668 JP MORGAN CHASE 13566 18415 KINDER MORGAN INC 6421 5857 KROGER CO 12256 14353 LENNAR CORP 4388 4414 LINDE PLC COM 10992 14456 LOWES COMPANIES INC 4873 4911 MARSH AND MCLENNAN COMPANIES I 6401 6431 MASTERCARD INC 17216 19504 MCDONALD'S CORP 7639 9725 MEDTRONIC PLC 22620 20601 META PLATFORMS INC 17197 22199 MICRON TECHNOLOGY 9663 11290 MICROSOFT CORP 35804 64281 MODERNA, INC 22070 20318 MORGAN STANLEY 4685 6728 MOTOROLA SOLUTIONS INC 4602 4891 NETFLIX INC 4424 5422 NEXTERA ENERGY, INC 18223 22775 NIKE INC-CL B 12219 17424 NUVEEN PREFERRED SECURITIES FU 48757 49656 NVIDIA CORP 8856 18550 OLD DOMINION FREIGHT LINES 12434 12185 ORACLE CORP 4354 6248 PAYCHEX 11840 13104 PROCTER GAMBLE CO 33828 36478 PROGRESSIVE CORP OHIO 6229 7452 PROLOGIS 5454 9564 PUBLIC STORAGE INC 11459 16839 QUALCOMM INC 6238 9346 SALESFORCE.COM 3751 3558 SCHLUMBERGER LTD 5702 5541 SHERWIN-WILLIAMS CO 13354 13734 STARBUCKS CORP COM 4724 5727 TARGET CORPORATION 24643 26542 TESLA MOTORS INC 9528 15852 TEXAS INSTRUMENTS INC 8693 10783 UNION PACIFIC 11919 14715 UNITED PARCEL SERVICE 12637 15155 VERIZON COMMUNICATIONS 13146 11570 VISA INC 20150 21645 WALGREENS BOOTS ALLIANCE 12204 13030 WALT DISNEY HOLDINGS CO 5021 5576 WASTE MANAGEMENT INC 12466 14437 WELLS FARGO & CO 6342 9096 WESTERN ASSET CORE PORTFOLIO 76210 73949 ZOETIS INC 9327 13482 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: During the taxable year ending December 31, 2021, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $323,000. This amount represents 25% or more of the Foundation's net assets of $1,146,530 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2021. 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 11719 11719 State or Local Filing Fees 25 25 Investment Management Services 10171 10171 990-PF Estimated Tax for 2021 2400 990-PF Extension for 2020 200