2022-11-08T15:18:09-06:00 2021-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2021-01-01 455288107 Kenneth and Jean Watson Fund % Foundation Source KENN 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 WILLIAM W THORNESS PRESIDENT 8008391754 2022-11-02 true WILLIAM W THORNESS 999009999 Jeffrey D Haskell P01345770 8008391754 2021 2022-09-23 18:48:47Z X 1391784 X 0 X 71 71 23229 23229 149912 624412 149912 173212 173212 0 7827 0 0 7827 21094 21094 862 62 11679 60 11619 41462 21216 0 19446 150000 150000 191462 21216 0 169446 -18250 151996 99828 84826 84826 1044862 1041614 1306958 1144690 1126440 1391784 0 0 X 1144690 1126440 1144690 1126440 1144690 1126440 1144690 -18250 1126440 1126440 Publicly-traded Securities 624412 474500 149912 149912 149912 2113 2113 2113 1000 0 1200 2200 X 0 87 87 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 1364534 60979 0 1425513 0 1425513 21383 1404130 70207 70207 2113 2113 68094 68094 68094 169446 0 0 0 0 169446 68094 2019 2018 2017 33334 33334 169446 68094 101352 134686 0 134686 33334 101352 NONE X DEPAUL UNIVERSITY 1 E JACKSON BLVD CHICAGO IL 60604 N/A PC College of Law program 100000 TRINITY CHRISTIAN COLLEGE ASSOCIATION 6601 W COLLEGE DR PALOS HEIGHTS IL 60463 N/A PC By The Hand Club For Kids 50000 150000 14 71 14 23229 18 149912 173212 173212 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, 2021, the Foundation paid $7,827 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. ADOBE SYSTEMS, INC 560 2835 AIR PRODS & CHEM INC 1575 2434 ALPHABET INC CL A 2310 8691 AMAZON COM 917 10003 AMERICAN BEACON AHL MNGD FUTUR 36799 36297 AMERICAN TOWER REIT INC 477 1463 AMGEN INC 1663 2025 APPLE INC 4829 14561 APPLIED MATERIALS INC 2384 3934 ARK GENOMIC REVOLUTION MULTI S 19955 14330 ARK INNOVATION ETF 28222 37836 AVALARA INC 2016 1420 BANK OF NOVA SCOTIA 4344 4588 BLACKROCK INC 3608 8240 BRISTOL-MYERS SQUIBB CO 4107 4115 BROADCOM INC 4485 12643 CHEVRON CORP 3546 4929 COHEN & STEERS LOW DURATION PR 42045 41311 COMCAST CORP 4056 3674 COMMUNICATION SVCS SLCT SCTR S 8829 14060 CONSUMER DISCRETIONARY SELECT 7997 15129 COSTCO WHOLESALE CORPORATION 1075 3406 CROWN CASTLE INTL 2639 4592 CSX CORP 1545 2632 D R HORTON 705 1518 DEERE CO 5834 5486 DOVER CORP 931 2179 EATON CORP PLC 4202 6049 ECOLAB INC 757 1408 EDWARDS LIFESCIENCES 833 2461 ELI LILLY & CO 1235 2486 EMERSON ELECTRIC CO 3896 5113 ENTERGY CORP 6622 6534 ESTEE LAUDER COMPANIES INC 704 2221 EXXON MOBIL CORP 5803 5691 FIFTH THIRD BANCORP 3872 7926 FINANCIAL SELECT SECTOR SPDR F 5735 7420 FIRST REPUBLIC BANK 1262 1239 FIRST TRUST DOW JONES INTERNET 5265 9271 FIRST TRUST ISE CLOUD COMPUTIN 4599 8971 FORTIVE CORPORATION 913 992 GENERAC HOLDING INC 1767 1408 GENERAL ELECTRIC CO 5056 5007 GLOBAL X US INFRASTRUCTURE DEV 2101 2102 GOLDMAN SACHS S/M CAP GTH - IS 37580 36399 HARDING LOEVNER INTL EQUITY 19568 28134 HARTFORD SCHRODERS INTERNATION 20535 28688 HARTFORD WORLD BOND FUND CL I 39268 39257 HENDERSON STRATEGIC INCOME FD 37234 40601 HEWLETT PACKARD ENTERPRISE CO 4317 4857 HOME DEPOT INC 4819 8300 HONEYWELL INTL 1723 2502 IDEXX CORP 2037 2634 INTERCONTINENTAL EXCHANGE, INC 1635 3009 INTUIT 1139 3216 INTUITIVE SURGICAL 710 2156 ISHARES BARCLAYS 1-3 YEAR TREA 44927 45764 ISHARES DJ US RBIF 1616 1544 ISHARES NASDAQ BIOTECHNOLOGY 3693 5189 JANUS GLOBAL LIFE SCIENCES I S 32677 41249 JOHN HANCOCK INTERNATIONAL COR 31675 38523 JOHNSON & JOHNSON 3872 4448 JP MORGAN CHASE 4562 6967 KINDER MORGAN INC 4987 4948 LOWES COMPANIES INC 1443 3102 MAGNA INTERNATIONAL INC 4730 4047 MASTERCARD INC 1047 2515 MCDONALD'S CORP 1142 2413 MEDTRONIC PLC 7576 7035 META PLATFORMS INC 2755 4709 MICROSOFT CORP 7762 20852 NETFLIX INC 1269 3615 NUTRIEN LTD 6475 8347 NVIDIA CORP 1930 10588 O'REILLY AUTOMOTIVE INC 1496 2825 PACER BENCHMARK DATA & INFRAST 1661 1861 PACIFIC FUNDS STRATEGIC INCOME 40180 40145 PAYPAL HOLDINGS, INC 1112 2263 PEPSICO INC 1992 2432 PIMCO INCOME FUND P CLASS 44482 42803 PROCTER GAMBLE CO 2017 2617 PROSHARES ONLINE RETAIL 2246 1588 REAL ESTATE SELECT SECTOR SPDR 1748 1865 REALTY INCOME CORP 7768 7946 ROKU INC 1941 1141 SALESFORCE.COM 1115 3558 SEAGATE TECHNOLOGY HOLDINGS PL 4773 7231 SELECT SECTOR SPDR ENERGY FUND 3068 3219 SELECT SECTOR SPDR-HEALTH CARE 8354 12821 SERVICE NOW 2631 3246 SHENKMAN SHORT DURATION HIGH I 46036 46036 SPDR S&P SEMICONDUCTOR 9617 21640 SPDR S&P TRANSPORTATION 1524 1510 SYNCHRONY FINANCIAL 5464 5288 TARGET CORPORATION 774 2083 TESLA MOTORS INC 1791 3170 TEXAS INSTRUMENTS INC 5228 6408 THE HARTFORD FLOATING RATE FUN 45813 45758 THERMO FISHER SCIENTIFIC INC 583 3336 TJX COMPANIES INC 1953 3037 TORONTO DOMINION 4466 4601 TRANSAMERICA SHORT TERM BOND I 41568 41161 TRUIST FINANCIAL CORPORATION 4977 6909 UBER 2086 1635 UNITED PARCEL SERVICE 2939 5573 UNITEDHEALTH GROUP INC 9804 13558 VANGUARD CONSUMER STAPLES ETF 3178 4997 VANGUARD INDUSTRIALS ETF 4957 8321 VANGUARD INFORMATION TECHNOLOG 35151 75597 VANGUARD MTRL ETF 2943 4725 VANGUARD SHORT TERM CORPORATE 46263 45262 VANGUARD SM-CAP ETF 32402 41134 VERIZON COMMUNICATIONS 5484 5144 VICI PROPERTIES INC 5795 6293 VISA INC 1150 1950 WAL-MART STORES INC 1588 2315 WILLIAMS COS 4296 4010 ZOETIS INC 422 1708 General Consultations 7827 7827 Administrative Fees 11095 11095 Bank Charges 60 60 Indemnification Insurance 484 484 State or Local Filing Fees 40 40 Investment Management Services 21094 21094 990-PF Estimated Tax for 2021 800 Foreign Tax Paid 62 62