2021-10-26T10:36:48-05:00 2020-12-31 FOUNDATION SOURCE ONE HOLLOW LN STE 212 LAKE SUCCESS NY 11042 990PF 2020-01-01 455288107 Kenneth and Jean Watson Fund % Foundation Source KENN 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 william w thorsness president 8008391754 2021-10-11 true william w thorsness 999009999 Jeffrey D Haskell P01345770 8008391754 2020 2022-09-23 18:48:47Z X 1440452 X 0 X 140 140 22868 22868 5747 531656 5747 22 22 28777 28777 0 8928 0 0 8928 19509 19509 1400 57 11257 60 11197 41094 19626 0 20125 100000 100000 141094 19626 0 120125 -112317 9151 83408 99828 99828 1173599 1044862 1340624 1257007 1144690 1440452 0 0 X 1257007 1144690 1257007 1144690 1257007 1144690 1257007 -112317 1144690 1144690 Publicly-traded Securities 531656 525909 5747 5747 5747 127 127 127 1000 0 1000 873 200 673 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 1257378 62633 0 1320011 0 1320011 19800 1300211 65011 65011 127 127 64884 64884 64884 120125 0 0 0 0 120125 0 120125 64884 21907 2018 2017 2016 120125 21907 64884 33334 33334 0 33334 33334 NONE X DEPAUL UNIVERSITY 1 E JACKSON BLVD CHICAGO IL 60604 N/A PC Kenneth and Jean Watson Endowed Scholarship Fund 50000 TRINITY CHRISTIAN COLLEGE ASSOCIATION 6601 W COLLEGE DR PALOS HEIGHTS IL 60463 N/A PC Trinity Christian College's program in partnership with By the Hand Club for Kids 50000 100000 14 140 14 22868 18 5747 CLASS ACTION LAWSUIT PROCEEDS 01 22 28777 28777 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 LILLIG & THORSNESS, LTD, A DISQUALIFIED PERSON WHICH PROVIDES LEGAL SERVICES TO THE FOUNDATION. DURING THE TAXABLE YEAR ENDING DECEMBER 31, 2020, THE FOUNDATION PAID $8,928 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 THE SAME RATE OR BELOW THE RATE IT CHARGES ITS OTHER CLIENTS. ADOBE SYSTEMS, INC 775 4001 AIR PRODS & CHEM INC 6444 8197 ALPHABET INC CL A 3927 10516 AMAZON COM 1222 13028 AMERICAN BEACON AHL MNGD FUTUR 36799 37097 AMERICAN TOWER REIT INC 979 2245 AMG DOUBLELINE CORE PLUS FIXED 41080 42344 AMGEN INC 1663 2069 APPLE INC 7091 18577 APPLIED MATERIALS INC 2028 1985 ARK INNOVATION ETF 37324 65854 AT&T, INC 9529 7938 BLACKROCK INC 5522 10102 BRISTOL-MYERS SQUIBB CO 7364 7754 BROADCOM INC 7069 12698 CHEVRON CORP 3546 3547 CITIGROUP INC 10224 10914 COHEN & STEERS LOW DURATION PR 42045 42142 COMMUNICAT SVS SLCT SEC SPDR E 15922 22741 CONSUMER DISCRETIONARY SELECT 13220 23313 COSTCO WHOLESALE CORPORATION 1433 3391 CROWN CASTLE INTL 3556 4935 CSX CORP 4802 6625 D R HORTON 1355 1792 DIGITAL RLTY TR INC 3739 4464 DOVER CORP 1643 3156 EATON CORP PLC 4330 4445 ECOLAB INC 1515 2596 EDWARDS LIFESCIENCES 1184 2463 ELI LILLY & CO 3507 4221 EMERSON ELECTRIC CO 6259 7233 ENTERGY CORP 5713 4992 ESTEE LAUDER COMPANIES INC 1509 3727 FACEBOOK INC 4895 8468 FIFTH THIRD BANCORP 8495 9650 FINANCIAL SELECT SECTOR SPDR F 3989 4746 FIRST TRUST DOW JONES INTERNET 7639 14432 FIRST TRUST ISE CLOUD COMPUTIN 7628 15015 GEN DYNAMICS CP 1703 1637 HARDING LOEVNER INTL EQUITY 23417 31806 HARTFORD SCHRODERS INTERNATION 21754 27823 HARTFORD WORLD BOND FUND CL I 39268 40314 HENDERSON STRATEGIC INCOME FD 37234 41510 HOME DEPOT INC 5509 6109 HONEYWELL INTL 2002 4254 INTERCONTINENTAL EXCHANGE, INC 1864 2998 INTUIT 2914 4938 INTUITIVE SURGICAL 1065 2454 ISHARES 20+ YR TREAS BD 9181 11672 ISHARES BARCLAYS 1-3 YEAR TREA 69844 71781 ISHARES BARCLAYS 3-7 YEAR TREA 33309 36038 ISHARES NASDAQ BIOTECHNOLOGY 4380 6060 JANUS GLOBAL LIFE SCIENCES I S 34628 45001 JOHN HANCOCK INTERNATIONAL COR 25240 35784 JOHNSON & JOHNSON 5808 6138 JP MORGAN CHASE 7881 10674 KINDER MORGAN INC 11145 8380 LOCKHEED MARTIN CORP 4362 4615 LORD ABBETT ULTRA SHORT BOND F 40099 40220 LOWES COMPANIES INC 1385 2247 MASTERCARD INC 1347 3212 MCDONALD'S CORP 1378 2360 MEDTRONIC PLC 7680 8200 MERCK & CO INC 4625 4663 MICROSOFT CORP 7861 14902 MODERNA, INC. 1259 836 NETFLIX INC 1588 4326 NVIDIA CORP 1930 4700 O'REILLY AUTOMOTIVE INC 2548 3168 PAYPAL HOLDINGS, INC 1912 5387 PEPSICO INC 1687 2225 PIMCO INCOME FUND P CLASS 44482 43411 PROCTER GAMBLE CO 4319 4870 REAL ESTATE SELECT SECTOR SPDR 2321 2559 REALTY INCOME CORP 6346 5595 ROYAL BANK OF CANADA 8608 9683 SALESFORCE.COM 1625 4896 SELECT SECTOR SPDR-HEALTH CARE 6663 9983 SPDR GOLD SHARES 39392 45659 SPDR S&P SEMICONDUCTOR 15069 23738 TARGET CORPORATION 2792 5825 TESLA MOTORS INC 2386 2823 TEXAS INSTRUMENTS INC 5312 5909 THE COCA-COLA CO 4981 5758 THERMO FISHER SCIENTIFIC INC 816 3260 TJX COMPANIES INC 2365 3551 TRUIST FINANCIAL CORPORATION 6626 7381 UNITED PARCEL SERVICE 8185 11788 UNITEDHEALTH GROUP INC 2500 3507 VANGUARD CONSUMER STAPLES ETF 4549 6261 VANGUARD INDUSTRIALS ETF 10472 14959 VANGUARD INFORMATION TECHNOLOG 45093 82432 VANGUARD MTRL ETF 2278 3296 VANGUARD SM-CAP ETF 15512 20831 VERIZON COMMUNICATIONS 7651 7990 VISA INC 2440 4375 VMWARE INC 1443 1403 WAL-MART STORES INC 2578 3748 WISDOMTREE FLOATING RATE TREAS 42143 42143 ZOETIS INC 1144 3145 General Consultations 8928 8928 Administrative Fees 10673 10673 Bank Charges 60 60 Indemnification Insurance 484 484 State or Local Filing Fees 40 40 Class Action Lawsuit Proceeds 22 22 Investment Management Services 19509 19509 990-PF Estimated Tax for 2020 1000 990-PF Excise Tax for 2019 343 Foreign Tax Paid 57 57