2020-11-16T17:13:28-08:00 2019-12-31 911537751 Barry W Merrell CPA 316 W Boone Ste 670 Spokane WA 99201 990PF 2019-01-01 475125279 THE KARESE FOUNDATION KARE 5092382708 PO BOX 499 COLBERT WA 99005 FOSTER H CHASE JR President 2020-11-16 true BARRY W MERRELL P00055845 5093269266 X 2019 2021-04-22 16:20:28Z X 386178 X X 61 61 7757 7757 42535 511380 42535 11349 11349 61702 61702 2379 2379 10608 67 10541 12987 2446 10541 363000 363000 375987 2446 373541 -314285 59256 22359 8425 8425 282385 285301 282385 282385 186688 78610 95368 189357 683705 369420 386178 0 X 683705 369420 683705 369420 683705 369420 683705 -314285 369420 369420 42535 false 905181 1256911 0.72016 565160 1921326 0.29415 114599 2050915 0.05588 247482 1.070191 0.267548 378398 101240 593 101833 373541 X 593 593 593 X 22 615 false false false false false false true true true true false false false false true N/A FOSTER H CHASE JR 5092382708 PO BOX 499 COLBERT WA 99005 false false false false false false false false false false false false false false false false false false false false false false BRENDA JO CHASE PO BOX 499 COLBERT WA 99005 Treasurer 1.00 0 FOSTER H CHASE JR PO BOX 499 COLBERT WA 99005 President 1.00 0 NONE NONE 95368 6407 282385 384160 0 384160 5762 378398 18920 18920 593 593 18327 18327 18327 373541 373541 593 372948 18327 8944 470532 844177 1323653 373541 0 18327 355214 1678867 0 1678867 8944 470532 844177 355214 BRENDA JO CHASE FOSTER H CHASE JR X COLLEGE SUCCESS FOUNDATION 2917 W FORT GEORGE WRIGHT DR SPOKANE WA 99224 N/A PC UNRESTRICTED OPERATIONAL FUNDING 50000 THE STEWARDS JOURNEY P O BOX 717 COLBERT WA 99005 N/A PC GENERAL AND UNRESTRICTED 13000 GORDON COLLEGE 255 GRAPEVINE ROAD WENHAM MA 01984 N/A PC GENERAL AND UNRESTRICTED 300000 363000 14 61 14 7757 18 42535 INTEREST FROM NOTE REC 14 11349 61702 61702 false false false false false false false false false false ALPHABET INC CL A 1445 2679 ALPHABET INC CL C 1395 2674 AT&T, INC 1995 2267 COHEN AND STEERS REALTY INCOME 4048 4477 JOHNSON & JOHNSON 1943 2188 MICROSOFT CORP 1252 2208 ROYAL DUTCH SHELL CL A 1929 1859 STARBUCKS CORP COM 1430 1934 VISA INC 1256 2067 ALASKA AIR GROUP INC. 994 1084 ALIBABA GROUP HLDG LTD 2112 2969 AMAZON COM INC 3312 3696 APPLE INC 1531 2937 BOEING CO 2276 1955 COSTCO WHOLESALE CORP NEW 1261 1764 CROWN CASTLE INTL CORP 1573 2132 DEERE & CO 1713 2079 DOMINOS PIZZA INC 2195 2350 HONEYWELL INTERNATIONAL INC 1627 2124 JPMORGAN CHASE & CO 1809 2509 LYONDWELLBASELL NV CL-A 2116 2268 SEAGATE TECHNOLOGY PLC 1769 2499 SHERWIN WILLIAMS COMPANY OHIO 1602 2334 UBER TECHNOLOGIES INC 2754 2320 WALT DISNEY CO HLDG CO 1570 2025 TCG BDC, INC 971 923 BRANDES INTERNATIONAL EQ 7006 7319 EATON VANCE GRTR INDIA 2696 2800 FULLER&THALER BHV SMCP EQ INST 7604 9246 GQG PARTNERS EMRG MKTS EQ INS 2740 2851 HARDING LOEVNER INTL EQTY INST 6152 7266 HARDING LOEVNER INTL SM CO INS 4534 5565 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, 2019, THE FOUNDATION MADE DISTRIBUTIONS FROM ASSETS FROM SOURCES OTHER THAN CURRENT INCOME. COLLECTIVELY, THE DISTRIBUTIONS IN EXCESS OF CURRENT INCOME TOTALLED $363,000. THIS AMOUNT REPRESENTS 25% OR MORE OF THE FOUNDATION'S NET ASSETS OF $695,831 (AS MEASURED BY FAIR MARKET VALUE) AT THE BEGINNING OF THE FOUNDATION'S TAXABLE YEAR ENDING DECEMBER 31, 2019. 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 10541 10541 BANK CHARGES 67 67 INTEREST FROM NOTE REC 11349 11349 FRIENDS OF NWCS LLC 282385 INVESTMENT MANAGEMENT SERVICES 2379 2379 0 0