2020-09-30T15:35:35-05:00 2019-12-31 Foundation Source One Hollow Ln Ste 212 Lake Success NY 11042 990PF 2019-01-01 823760826 Chung Foundation % Foundation Source CHUN 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 LEISLE CHUNG president 8008391754 2020-09-01 true Jeffrey D Haskell P01345770 8008391754 67.82.234.252 06391520202745000011 2020-09-30 P B19A53FA749DAD8C2EFDCAB0C5B79501992FC144 384717C1FADDEF7B1C9CB58DAC69F19ED4566B5B 2019 2021-04-22 16:20:28Z X 923082 X 850452 2441 2441 9545 9545 25397 646010 25397 887835 37383 0 3979 3979 115 67 5720 5720 9331 11 9320 19145 4057 15040 555000 555000 574145 4057 570040 313690 33326 29441 246171 246171 577854 674814 676911 607295 920985 923082 0 0 X 607295 920985 607295 920985 607295 920985 607295 313690 920985 920985 Publicly-traded Securities 646010 620613 25397 25397 25397 false 21799 237961 0.091607 0 0 0.0 0 0 0.0 0 0 0.0 0.091607 0.045804 607320 27818 333 28151 570040 X 333 333 333 333 333 false false false false false false true true true DE true false true 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 351527 265042 0 616569 0 616569 9249 607320 30366 30366 333 333 30033 30033 30033 570040 0 0 0 0 570040 333 569707 30033 2017 2016 2015 9997 9997 570040 30033 540007 550004 0 550004 9997 540007 Leisle Chung Vinh Chung X WORLD VISION PO BOX 9716 FEDERAL WAY WA 98063 N/A PC ELO Program in Nyamagabe, Rwanda 205000 WORLD VISION PO BOX 9716 FEDERAL WAY WA 98063 N/A PC WASH Program in Nyamagabe, Rwanda 350000 555000 14 2441 14 9545 18 25397 37383 37383 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 850452 X 3M CO 12669 12702 ACCENTURE PLC 4400 4422 AFLAC INC 6171 6189 AIR PRODS & CHEM INC 4681 4700 ALPHABET INC CL A 4005 4018 ALPHABET INC CL C 3997 4011 AMCOR LTD ORD SHS 2 2 AMERICAN TOWER REIT INC 3652 3677 ANTHEM INC 5716 5739 APPLE INC 11681 11746 APPLIED MATERIALS INC 4544 4578 AT&T, INC 14209 14264 BANK OF AMERICA CORP 13719 13771 BIOGEN INC 6194 6231 BLACKROCK FLOATING RATE INCOME 10071 10071 BLACKROCK INC 5989 6032 BOOKING HOLDINGS INC 6143 6161 CBRE GROUP 3247 3248 CHARLES SCHWAB CORP 5329 5327 CHEVRON CORP 7451 7472 CIGNA CORPORATION 6069 6135 CISCO SYSTEMS INC 6633 6666 CITIGROUP INC 11232 11264 COHEN & STEERS LOW DURATION PR 20142 20142 COSTCO WHOLESALE CORPORATION 6440 6466 CUMMINS INC 6631 6622 CVS CAREMARK CORP 6870 6909 DOUBLELINE LOW DURATION EMERGI 20142 20142 DOUBLELINE TOTAL RETURN BOND 70495 70495 EATON CORP PLC 5781 5778 EATON VANCE FLOATING RATE FUND 10071 10071 EDWARDS LIFESCIENCES 6275 6299 ELI LILLY & CO 9791 9857 ENBRIDGE INC 5 5 ESTEE LAUDER COMPANIES INC 5147 5164 EXXON MOBIL CORP 7774 7815 FACEBOOK INC 9605 9647 FEDEX CORPORATION 5728 5746 FIDELITY NATIONAL INFORMATION 3584 3616 GENERAL MOTORS 6772 6771 GILEAD SCIENCES INC 8141 8187 GRIFOLS SA REP 1/2 CL B 2 2 HOME DEPOT INC 4989 5023 HOST HOTELS & RESORTS INC 3612 3599 ILLINOIS TOOL WORKS 7350 7365 INTEL CORP 18528 18554 INTERNATIONAL BUSINESS MACHINE 8529 8579 ISHARES JP MORGAN USD EM MKTS 20 20 ISHARES MSCI-JAPAN 34 34 JP MORGAN CHASE 6944 6970 KROGER CO 5074 5073 LAM RESEARCH CORP 4639 4678 LYONDELLBASELL INDUSTRIES NV 3947 3968 MARATHON PETROLEUM CORP 5630 5664 MARSH AND MCLENNAN COMPANIES I 6344 6350 MEDTRONIC PLC 12823 12933 MICRON TECHNOLOGY 6724 6776 MICROSOFT CORP 20231 20343 NEXTERA ENERGY, INC 10562 10655 NIKE INC-CL B 9267 9321 PIMCO ENHANCED SHORT MATURITY 36 36 PROLOGIS 3184 3209 ROYAL DUTCH SHEL PLC SPONS ADR 8 8 SHERWIN-WILLIAMS CO 3477 3501 SOUTHERN CO 4995 5032 STARBUCKS CORP COM 6751 6770 TARGET CORPORATION 5102 5128 TEXAS INSTRUMENTS INC 4334 4362 THE COCA-COLA CO 6055 6089 TJX COMPANIES INC 6736 6778 TYSON FOODS INC CL A 4896 4916 VANGUARD CHARLOTTE INTL BD IDX 9 9 VANGUARD FTSE EMERGING MARKETS 35 35 VANGUARD GROWTH ETF 25 25 VANGUARD INDEX TR MID-CAP INDE 20 8 VANGUARD INDEX TRUST SMALL-CAP 7 2 VANGUARD INTERMEDIATE TERM COR 73 73 VANGUARD MID-CAP GROWTH ETF 9 9 VANGUARD SF REIT ETF 22 23 VANGUARD SMALL-CAP VALUE ETF 60 60 VANGUARD ST BOND ETF 27 27 VANGUARD VALUE ETF 109 109 VERIZON COMMUNICATIONS 7816 7859 VISA INC 15311 15408 WALGREENS BOOTS ALLIANCE 6575 6545 WALT DISNEY HOLDINGS CO 8915 8967 WASTE MANAGEMENT INC 5786 5812 WELLS FARGO & CO 5580 5595 WESTERN ASSET CORE PORTFOLIO 70495 70495 ZOETIS INC 5919 5956 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 totaled $555,000. This amount represents 25% or more of the Foundation's net assets of $577,875 (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 9216 9216 Bank Charges 11 11 Postage/Delivery Service 79 79 State or Local Filing Fees 25 25 Investment Management Services 3979 3979 Vanguard Medical Specialists LLC 9348 Grand Cordera Pkwy Ste 160 Colorado Springs CO 80924 990-PF Excise Tax for 2018 48 Foreign Tax Paid 67 67