2022-05-18T15:37:57-05:00 2020-12-31 new york-hurricane ida Foundation Source One Hollow Ln Ste 212 Lake Success NY 11042 990PF 2020-01-01 843160486 Lane R Colvin Family Foundation % Foundation Source LANE 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 Lane Colvin President 8008391754 2022-05-15 true Lane Colvin 999009999 Jeffrey D Haskell P01345770 8008391754 2020 2022-09-23 18:48:47Z X X 1012615 X 0 X 1357 1357 27957 27957 -25632 41276 0 3682 29314 0 14481 14481 11 9 15394 32 15362 29886 14522 15362 105000 105000 134886 14522 120362 -131204 14792 1100040 12258 12258 653366 684644 303212 315713 1100040 968836 1012615 0 0 X 1100040 968836 1100040 968836 1100040 968836 1100040 -131204 968836 968836 Publicly-traded Securities 41276 66908 -25632 -25632 -25632 206 206 206 0 210 210 4 4 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 Lane R Colvin Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres, Sec, Treas 1.0 0 0 0 Teri L Colvin Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 819695 205559 0 1025254 0 1025254 15379 1009875 50494 50494 206 206 50288 50288 50288 120362 0 0 0 0 120362 0 120362 50288 1836 2018 2017 2016 120362 1836 50288 68238 68238 0 68238 68238 Lane R Colvin Teri L Colvin X EDGEWATER CHRISTIAN FELLOWSHIP 1010 ASSEMBLY CIR GRANTS PASS OR 97526 N/A PC General & Unrestricted 85000 MURPHY OUTBACK YOUTH MINISTRIES PO BOX 6 MURPHY OR 97533 N/A PC General & Unrestricted 20000 105000 14 1357 14 27957 18 -25632 3682 3682 false false false false false false false false false false APPLE INC - 3.250% - 02/23/202 16130 16833 AT&T - 4.250% - 03/01/2027 11158 11689 BANK AMER CORP MTN - 2.884% - 15560 16472 BP CAP MKTS - 3.017% - 01/16/2 10490 11039 CITIGROUP INC - 4.075% - 04/23 11196 11729 COCA-COLA CO - 3.200% - 11/01/ 15924 16263 COMCAST CORP NOTE - 3.950% - 1 16599 17178 CREDIT SUISSE FB - 7.125% - 04 15009 15521 CVS CAREMARK CORP NOTE - 4.300 11102 11900 EOG RESOURCES INC - 3.150% - 0 15899 16514 GENERAL MTRS FINL COINC NOTE - 10744 11384 GOLDMAN SACHS GROUP - 4.223% - 16927 17795 JP MORGAN CHASE BANKNA NOTE - 17420 18301 KLA-TENCOR SR GLBL NT - 4.650% 11167 11382 LOWES COS INC - 3.120% - 04/15 10292 10288 MICROSOFT CORP - 3.125% - 11/0 16125 16769 MORGAN STANLEY - 7.250% - 04/0 14744 15433 SHELL INTL.FIN.BV - 3.875% - 1 16956 17767 UNITED TECHNOLOGIES - 4.125% - 11521 11922 UNITEDHEALTH GROUP INC - 3.750 10953 11387 WELLS FARGO &CO - 2.879% - 10/ 15462 16365 WYETH NOTE - 6.450% - 02/01/20 11834 11782 ACCENTURE PLC 4276 5224 ADOBE SYSTEMS, INC 5374 6502 ALIBABA GROUP HOLDING LTD 4463 4189 ALLY FINANCIAL INC 2315 2425 ALPHABET INC CL A 7622 8763 ALTRIA GROUP INC 2865 2460 AMAZON COM 2338 3257 AMERICAN ELECTRIC POWER INC 8189 6662 AMERICAN WATER WORKS COMPANY I 2617 3069 AON PLC CL A 2284 2113 APPLE INC 7805 13269 ARES CAPITAL CORPORATION - CLO 4865 4645 ASML HOLDING NV NY REG SHS 1451 2439 AT&T, INC 8146 6183 AVANGRID INC 4807 4545 BCE INC 4852 4494 BERKSHIRE HATHAWAY INC. CLASS 3325 3478 BRISTOL-MYERS SQUIBB CO 4872 4962 CINCINNATI FINANCIAL CORP 5716 4369 CINTAS CRP 4419 5302 CISCO SYSTEMS INC 4647 4475 CLOROX CO 2916 3029 CME GROUP, INC 4276 3641 CMS ENERGY CP 1915 1830 CNI FIXED INCOME OPP FD CL N 211359 207410 COLGATE-PALMOLIVE COMPANY 2441 2993 COMCAST CORP 3328 3930 COSTCO WHOLESALE CORPORATION 3145 3768 CROWN CASTLE INTL 5834 5572 CVS CAREMARK CORP 1930 2049 DANAHER CORP 3295 4443 DOMINION ENERGY INC 4974 4512 DUKE ENERGY CO 5082 4578 EDWARDS LIFESCIENCES 3013 4105 EMERSON ELECTRIC CO 5061 5867 ENTERGY CORP 2487 2496 EQUINIX, INC 3165 3571 ESSEX PRTY TR INC 3240 2374 EVERSOURCE ENERGYINC 5961 5623 FACEBOOK INC 3173 4097 FIERA CAPITAL EMERGING MARKETS 25574 32595 FIFTH THIRD BANCORP 5081 6010 GALLAGHER ARTHUR J & CO 4328 5567 GENERAL MILLS INC 5098 4704 HARTFORD FINANCIALSERVICES GRO 5242 6123 HCA INC 2893 4112 HEALTHCARE TRUST OF AMERICA IN 5532 4682 HOME DEPOT INC 4778 5312 INTEL CORP 7716 5729 INTERNATIONAL PAPER CO 5102 5718 INVESCO PREFERRED ETF 7082 7096 JOHNSON & JOHNSON 1566 1574 JP MORGAN CHASE 5500 5083 KEYCORP 5090 5153 KIMBERLY CLARK CORP 4878 4719 L3HARRIS TECHNOLOGIES 2096 1890 LOCKHEED MARTIN CORP 6626 5325 MASTERCARD INC 6558 7139 MCDONALD'S CORP 3255 3219 MERCK & CO INC 5227 5317 METLIFE INC 5075 6057 MICROSOFT CORP 10633 14456 MID-AMERICA APT COMMUNITIES IN 8894 8235 NATIONAL RETAIL PROPERTIES INC 7636 5524 NEXTERA ENERGY, INC 2669 3086 NXP SEMICONDUCTORS 2416 2385 PAYCHEX 4835 5591 PEPSICO INC 3679 3708 PFIZER INC 3977 4785 PHILIP MORRIS INTL 4865 4967 PINNACLE WEST CAPITAL CORP 4708 4797 PROCTER GAMBLE CO 5531 6261 PROLOGIS 9226 9468 QUALCOMM INC 5024 9140 ROPER INDUSTRIES 1656 2155 S&P GLOBAL INC COM 2323 2301 SHERWIN-WILLIAMS CO 2230 2205 SONOCO PRODUCTS COMPANY 4435 4740 SOUTHERN CO 5846 5222 STARBUCKS CORP COM 3115 4172 T-MOBILE US INC 2015 3371 THE BLACKSTONE GROUP INC CL A 3144 3824 THE COCA-COLA CO 9521 9213 THERMO FISHER SCIENTIFIC INC 3200 4658 TRANSUNION COM USD0.01 2234 2580 UNILEVER PLC AMER 4796 5432 UNITEDHEALTH GROUP INC 5925 7014 VERIZON COMMUNICATIONS 7095 7050 VIATRIS ORD SHS 217 300 VISA INC 7138 7656 WAL-MART STORES INC 2901 3604 WALT DISNEY HOLDINGS CO 4268 5435 XCEL ENERGY INC 5625 5334 ZOETIS INC 3449 4138 Administrative Fees 8837 8837 Administrative Set-Up Fee 5400 5400 Bank Charges 32 32 Delaware Incorporation Fees 500 500 IRS Application Fees 600 600 State or Local Filing Fees 25 25 Investment Management Services 14481 14481 Lane R Colvin Family Foundation (EIN: 84-3160486) respectfully requests abatement of any penalties for late filing of Form 990-PF for taxable year ending December 31, 2020 because the delay was inadvertent, unintended, and due to reasonable causes. Treasury Regulations Section 301.6651-1(c)(1) defines reasonable cause 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 prepare its Form 990-PF for tax period ending 12/31/2020. The Foundation's 2020 Form 990-PF was timely filed on November 4, 2021. The return was originally mailed to the IRS, but was returned along with a notice instructing the Foundation to submit the return electronically. The Foundation's administrator advised the Foundation to submit the return for paper filing initially because at the time the return was filed, the foundation's exempt application was still pending and the IRS does not have the capability to accept e-filed returns for exempt organizations where tax exempt status is still pending. The foundation's administrator is now submitting the return via e-file, and the delay in filing Form 990-PF for the taxable year ending 2020 is no fault or willful neglect of the foundation. According to the standards set forth in Rev. Proc. 92-85, we believe the Foundation's actions were reasonable and in good faith. These administrative actions were in no way an intentional disregard of the IRS rules and therefore entitled to abatement of any penalty. The organization acted in good faith in complying with the filing deadline and in rectifying the situation as soon as it was known. Therefore, we again request that no penalty be assessed for late filing. 990-PF Excise Tax for 2019 1 990-PF Extension for 2019 1 Foreign Tax Paid 9 9