2021-11-18T11:36:03-06:00 2020-12-31 Foundation Source One Hollow Ln Ste 212 Lake Success NY 11042 990PF 2020-08-27 852847523 Be Thou My Vision Foundation % Foundation Source BETH 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 ALASTAIR BRUCE JOHNSTON PRESIDENT 8008391754 2021-11-08 true ALASTAIR BRUCE JOHNSTON 999009999 Jeffrey D Haskell P01345770 8008391754 2020 2022-09-23 18:48:47Z X X 1016868 X 1013671 13 13 8640 172785 135716 1022324 135729 0 7052 7052 7052 0 7052 0 0 7052 0 7052 1015272 135729 205124 205124 810148 811744 0 1015272 1016868 0 0 X 1015272 0 1015272 0 1015272 0 1015272 1015272 1015272 Publicly-traded Securities 172785 37069 135716 135716 135716 1887 1887 1887 0 0 1887 false false false false false false false true true DE true false true 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 Alastair Bruce Johnston Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres, Treas 1.0 0 0 0 Jean Boyle Johnston Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Sec 1.0 0 0 0 194671 78251 0 272922 0 272922 4094 268828 4664 4664 1887 1887 2777 2777 2777 7052 0 0 0 0 7052 0 7052 2777 2018 2017 2016 7052 2777 4275 4275 0 4275 4275 ALASTAIR BRUCE JOHNSTON JEAN BOYLE JOHNSTON X 14 13 18 8640 8653 8653 false false false false false false false false false false X X 1 Alastair B Johnston and Jean B John 9209 Sloane Street Orlando FL 32827 1013671 X X 1 ALPHABET INC CL A GOOGL, 100 sh. 164145 2020-10-30 1 VISA INC V, 500 sh. 104970 2020-12-02 1 AMAZON COM AMZN, 100 sh. 320263 2020-12-02 1 PAYCHEX PAYX, 500 sh. 46475 2020-12-02 1 PAYCHEX PAYX, 500 sh. 46475 2020-12-02 1 ALPHABET INC CL A GOOGL, 50 sh. 90448 2020-12-02 1 ALPHABET INC CL A GOOGL, 100 sh. 180896 2020-12-02 ALPHABET INC CL A 271343 262896 AMAZON COM 320263 325693 EXXON MOBIL CORP 20622 20610 PAYCHEX 92950 93180 VISA INC 104970 109365 Administrative Fees 552 552 Administrative Set-Up Fee 5400 5400 Delaware Incorporation Fees 500 500 IRS Application Fees 600 600 Be Thou My Vision Foundation (EIN: 85-2847523) 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 short period initial return was timely filed on 5/10/2021. 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 administrator's tax software was unable to transmit short period initial returns via e-file. It wasn't until the Foundation received an IRS notice dated October 7, 2021, that the administrator became aware that the IRS now accepts short period initial returns via e-file and that the software's capability had been updated. 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. Alastair B Johnston and Jean B John 9209 Sloane Street Orlando FL 32827