2021-11-09T09:18:16-06:00 2020-12-31 FOUNDATION SOURCE ONE HOLLOW LN STE 212 LAKE SUCCESS NY 11042 990PF 2020-01-01 823760826 Chung Foundation % Foundation Source CHUN 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 leisle chung president 8008391754 2021-10-30 true leisle chung 999009999 Jeffrey D Haskell P01345770 8008391754 2020 2022-09-23 18:48:47Z X 1146530 X 646400 444 444 19180 19180 -13676 671647 0 652348 19624 0 5866 5866 336 3 5296 5296 9952 1 9951 21450 5870 15247 502400 502400 523850 5870 517647 128498 13754 246171 128882 128882 674814 920601 1017648 920985 1049483 1146530 0 0 X 920985 1049483 920985 1049483 920985 1049483 920985 128498 1049483 1049483 Publicly-traded Securities 671647 685323 -13676 -13676 -13676 191 191 191 0 200 200 9 9 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 811689 90208 0 901897 0 901897 13528 888369 44418 44418 191 191 44227 44227 44227 517647 0 0 0 0 517647 0 517647 44227 2018 2017 2016 9997 540007 550004 517647 44227 473420 1023424 0 1023424 9997 540007 473420 Leisle Chung Vinh Chung X CASA OF THE PIKES PEAK REGION INC 418 S WEBER ST COLORADO SPGS CO 80903 N/A PC Milton Foster Children's Fund 500 CASA OF THE PIKES PEAK REGION INC 418 S WEBER ST COLORADO SPGS CO 80903 N/A PC General & Unrestricted 500 HEALING HAITI 2629 S SHORE BLVD WHITE BEAR LK MN 55110 N/A PC Medical Work and Maternal Health Fund 30000 HEALING HAITI 2629 S SHORE BLVD WHITE BEAR LK MN 55110 N/A PC General & Unrestricted 500 HEALING HAITI 2629 S SHORE BLVD WHITE BEAR LK MN 55110 N/A PC to support Hope Clinic, maternal health program, and medical work 21000 HELP THE NEEDY PO BOX 644 WOODLAND PARK CO 80866 N/A PC General & Unrestricted 3000 RESTAVEC FREEDOM FOUNDATION 11160 KENWOOD RD STE 200 CINCINNATI OH 45242 N/A PC General & Unrestricted 10000 SPRINGS RESCUE MISSION 5 W LAS VEGAS ST COLORADO SPRINGS CO 80903 N/A PC General & Unrestricted 1000 WORLD VISION PO BOX 9716 FEDERAL WAY WA 98063 N/A PC Rwanda WASH Program 200000 WORLD VISION PO BOX 9716 FEDERAL WAY WA 98063 N/A PC Team World Vision 900 WORLD VISION PO BOX 9716 FEDERAL WAY WA 98063 N/A PC ELO (Every Last One) - Rwanda Nyamagabe and Cambodia Child Protection Fund 235000 502400 14 444 14 19180 18 -13676 5948 5948 false false false false false false false false false false X X 1 Vanguard Medical Specialists LLC 9348 Grand Cordera PKWY STE 160 Colorado Springs CO 80924 646400 X 3M CO 28580 28950 ACCENTURE PLC 5298 6621 ADOBE SYSTEMS, INC 6429 7002 AFLAC INC 3161 2875 AIR PRODS & CHEM INC 4343 5028 ALPHABET INC CL A 8483 10516 ALPHABET INC CL C 8478 10511 AMAZON COM 17591 22799 AMERICAN TOWER REIT INC 3694 3816 AMERIPRISE FINANCIAL INC 2115 2138 ANTHEM INC 7955 8773 AON PLC CL A 3643 3600 APPLE INC 32382 50572 APPLIED MATERIALS INC 2490 2416 ARTISAN HIGH INCOME FUND CLASS 13534 14942 AT&T, INC 2966 2467 ATMOS ENERGY CORP 10578 10232 AUTOMATIC DATA PROCESSING INC 3319 4277 BANK OF AMERICA CORP 8797 8057 BERKSHIRE HATHAWAY INC. CLASS 5464 6956 BLACKROCK INC 7004 9606 BOOKING HOLDINGS INC 8218 8909 BROADCOM INC 4364 6743 CATERPILLAR INC 11020 12991 CHEVRON CORP 12052 9370 CHUBB LIMITED 2126 2155 CISCO SYSTEMS INC 11294 10961 CITIGROUP INC 5636 5078 COMCAST CORP 5189 6766 COSTCO WHOLESALE CORPORATION 5245 6642 DIAMOND HILL HIGH YIELD FUND C 14147 14900 DOUBLELINE TOTAL RETURN BOND 73724 73819 ECOLAB INC 4039 4327 EDWARDS LIFESCIENCES 6950 7481 ELI LILLY & CO 15640 17250 EVERGREEN ADJUSTABLE RATE FUND 59114 59166 EXXON MOBIL CORP 9651 6697 FACEBOOK INC 10941 13385 GILEAD SCIENCES INC 15862 13945 GOLDMAN SACHS GROUP 2141 2373 HOME DEPOT INC 7611 8960 ILLINOIS TOOL WORKS 4355 4435 INTEL CORP 11519 10244 INTUIT 2919 3811 INTUITIVE SURGICAL 10576 11453 ISHARES JP MORGAN USD EM MKTS 26944 30031 JP MORGAN CHASE 11544 13312 KIMBERLY CLARK CORP 9027 8899 LAM RESEARCH CORP 2213 2834 LINDE PLC COM 4154 5625 LOWES COMPANIES INC 2483 3234 MASTERCARD INC 10843 12880 MCDONALD'S CORP 4522 5242 MEDTRONIC PLC 19116 20525 MICROSOFT CORP 31463 41748 MONDELEZ INTERNATIONAL INC 3740 4383 MORGAN STANLEY 2554 2810 NETFLIX INC 2614 3244 NEXTERA ENERGY, INC 7608 9745 NIKE INC-CL B 10173 13565 NUVEEN PREFERRED SECURITIES FU 28611 29691 NVIDIA CORP 3658 4704 ORACLE CORP 2711 3283 PAYPAL HOLDINGS, INC 2775 3981 PNC FINANCIAL GROUP INC 2263 2384 PROGRESSIVE CORP OHIO 3574 4658 PROLOGIS 7589 8447 PUBLIC STORAGE INC 5380 5542 QUALCOMM INC 2485 4805 REGENERON PHARMACEUTICALS INC 7629 6280 SALESFORCE.COM 2504 2893 SHERWIN-WILLIAMS CO 3618 3675 STARBUCKS CORP COM 3270 4082 STRYKER CORPORATION 6967 7351 T. ROWE PRICE GROUP 2737 3559 TARGET CORPORATION 7269 7600 TEXAS INSTRUMENTS INC 5897 7736 THE COCA-COLA CO 27270 30119 TRUIST FINANCIAL CORPORATION 2131 2886 UNION PACIFIC 14388 15914 UNITED PARCEL SERVICE 13226 15056 US BANCORP 2389 2795 VERIZON COMMUNICATIONS 10153 9889 VISA INC 11794 13658 WALT DISNEY HOLDINGS CO 5315 7066 WELLS FARGO & CO 2411 2979 WESTERN ASSET CORE PORTFOLIO 73021 74262 ZOETIS INC 9931 10261 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 $502,400. This amount represents 25% or more of the Foundation's net assets of $923,082 (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 9893 9893 Bank Charges 1 1 Postage/Delivery Service 33 33 State or Local Filing Fees 25 25 Investment Management Services 5866 5866 990-PF Excise Tax for 2019 333 Foreign Tax Paid 3 3