2021-06-02T10:46:26-05:00 2020-12-31 FOUNDATION SOURCE ONE HOLLOW LN STE 212 LAKE SUCCESS NY 11042 990PF 2020-01-01 821316271 Tipping Point Private Foundation % Foundation Source TIPP 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 DARREN SPARKS PRESIDENT 8008391754 2021-05-13 true DARREN SPARKS 999009999 Jeffrey D Haskell P01345770 8008391754 2020 2022-09-23 18:48:47Z X 866644 X 298000 413 413 14448 14448 1399 521016 1399 314260 16260 0 47114 47114 4116 4116 12651 10891 1760 148 793 793 422 422 17159 45 17114 82403 10936 71319 373112 373112 455515 10936 444431 -141255 5324 38143 24354 24354 880611 753145 842290 918754 777499 866644 0 0 X 918754 777499 918754 777499 918754 777499 918754 -141255 777499 777499 Publicly-traded Securities 521016 519617 1399 1399 1399 74 74 74 0 74 74 false false false false false false true 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 Darren Sparks Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres, Sec, Treas 1.0 0 0 0 753203 109456 0 862659 0 862659 12940 849719 42486 42486 74 74 42412 42412 42412 444431 0 0 0 0 444431 0 444431 42412 2018 2017 2016 19935 66602 166389 252926 444431 42412 402019 654945 0 654945 19935 66602 166389 402019 Darren Sparks X GREENHILL HUMANE SOCIETY 88530 GREEN HILL RD EUGENE OR 97402 N/A PC To support the Cat Featured Room and to purchase an x-ray machine 30000 HUMANE AMERICA ANIMAL FOUNDATION 310 N INDIAN HILL BLVD 800 CLAREMONT CA 91711 N/A PC to support annual administrative costs of the Farm Animal Funders 2500 NEW HARVEST INC 19 MORRIS AVE BLDG 128 BROOKLYN NY 11205 N/A PC advancing serum-free growth media for fish cell cultures at University of Calgary 59612 NEW HARVEST INC 19 MORRIS AVE BLDG 128 BROOKLYN NY 11205 N/A PC to support creating a committee of cultivated meat producers who will anticipate and address industry regulation issues 30000 POLLINATION PROJECT FOUNDATION 1569 SOLANO AVE 643 BERKELEY CA 94707 N/A PC FARMED MEAT AND SEAFOOD CONSUMPTION REDUCTION Project 50000 PROVEG INTERNATIONAL INCORPORATED 16 HARCOURT ST APT 3J BOSTON MA 02116 N/A PC Impactor Awards Project 50000 REDUCETARIAN FOUNDATION INC 8391 BEVERLY BLVD 314 LOS ANGELES CA 90048 N/A PC to support production of the documentary Meat Me Halfway 50000 RETHINK CHARITY 2379 PENDLETON RD MINERAL VA 23117 N/A PC to support the creation and maintenance of a business incubator fostering alternatives to animal-based products 101000 373112 14 413 14 14448 18 1399 16260 16260 false false false false false false false false false false X X 1 Sparks Darren 2344 Shields Avenue Eugene OR 97405 298000 X AMERICAN BEACON FRONTIER MARKE 3974 4023 FIRST EAGLE FDS INCHIGH YIELD 9936 10070 GOLDMAN SACHS INTL EQUITY INSI 30756 32611 GUGGENHEIM TOTAL RETURN BOND F 23766 24070 INVESCO S&P 500 EQUAL WEIGHT E 29568 34436 ISHARES LEHMAN INTERMDTE CREDI 60199 67536 ISHARES MSCI USA QUALITY FACTO 67999 86460 ISHARES S&P 500 INDEX FD 76745 90094 ISHARES S&P U.S. PREFERRED STO 5971 6085 ISHARES SHORT TERM CORPORATE B 32182 33709 ISHARES TR LEHMAN INTER GOVT C 59296 63643 ISHARESLEHMAN 7-10YR 28474 32387 JOHCM INTL SELECT FUND CL I 16604 20945 METROPOLITAN WEST RETURN BOND 49294 47895 NEUBERGER BERMAN EMERGING MARK 26116 33967 PIMCO INCOME FUND 11923 12062 PIMCO MORTGAGE OPPORTUNITIES F 51412 50935 PRINCIPAL MIDCAP FUND; R6 15662 21729 UNDISCOVERED MANAGERS BEHAVIOR 12769 21249 VANGUARD FTSE DEVELOPED MARKET 12424 15579 VANGUARD INTERMEDIATE TERM COR 33366 36816 VANGUARD LONG-TERM TREASURY FU 16994 15835 VANGUARD SHORT TERM CORPORATE 38249 40043 VIRTUS SEIX FLTG RATE HIGH INC 7949 8018 WESTERN ASSET CORE PLUS BOND P 31517 32093 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, 2020, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $373,112. This amount represents 25% or more of the Foundation's net assets of $956,614 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2020. 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 XV, Line 3a; each such grant was made solely for the charitable purpose specified therein. Administrative Fees 13789 13789 Bank Charges 45 45 Cell Phone Expense 1520 1520 Computers/Electronic Devices 1438 1438 Office Supplies 107 107 State or Local Filing Fees 25 25 Website Hosting/Support 235 235 Investment Management Services 10891 10891 PHILANTHROPIC CONSULTING SRVCS 1760 1760 990-PF Excise Tax for 2019 148