2020-07-08T13:42:17-05:00 2019-12-31 Foundation Source One Hollow Ln Ste 212 Lake Success NY 11042 990PF 2019-01-01 455288107 Kenneth and Jean Watson Fund % Foundation Source KENN 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 WILLIAM W THORSNESS president 8008391754 2020-05-04 true Jeffrey D Haskell P01345770 8008391754 68.194.129.137 06391520201905000002 2020-07-08 P BC971FC33BAF52379132A0473611089A0DAEC697 D2746C13DFDED97F2954BEA0DC7B7E2EDF81EBF0 2019 2021-04-22 16:20:28Z X 1404912 X 0 X 467 467 32737 32737 35644 433216 35644 325 325 69173 69173 0 4143 0 0 4143 20262 20262 669 69 11642 34 11608 36716 20365 0 15751 50000 50000 86716 20365 0 65751 -17543 48808 62745 83408 83408 1211805 1173599 1321504 1274550 1257007 1404912 0 0 X 1274550 1257007 1274550 1257007 1274550 1257007 1274550 -17543 1257007 1257007 Publicly-traded Securities 433216 397572 35644 35644 35644 false 71805 1366708 0.052539 79498 1373952 0.057861 79353 1296558 0.061203 84245 1394559 0.06041 71390 1470767 0.048539 0.280552 0.05611 1356551 76116 488 76604 65751 976 976 976 633 633 X 343 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 2.0 0 0 0 1303240 73969 0 1377209 0 1377209 20658 1356551 67828 67828 976 976 66852 66852 66852 65751 0 0 0 0 65751 65751 66852 20806 2017 2016 2015 65751 20806 44945 0 0 21907 0 0 NONE X TRINITY CHRISTIAN COLLEGE ASSOCIATION 6601 W COLLEGE DR PALOS HEIGHTS IL 60463 N/A PC PROGRAM IN PARTNERSHIP WITH BY THE HAND CLUB FOR KIDS 50000 50000 14 467 14 32737 18 35644 CLASS ACTION LAWSUIT PROCEEDS 01 325 69173 69173 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, 2019, THE FOUNDATION PAID $4,143 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 1062 3958 AIR PRODS & CHEM INC 5083 5405 ALPHABET INC CL A 3927 8036 AMAZON COM 1222 7391 AMERICAN BEACON AHL MNGD FUTUR 22408 21829 AMERICAN ELECTRIC POWER INC 2903 3497 AMERICAN TOWER REIT INC 1182 2758 AMG DOUBLELINE CORE PLUS FIXED 43855 44333 AMGEN INC 2032 2652 APPLE INC 6425 12921 AQR RISK PARITY FUND CLASS I 24766 24272 AQR STYLE PREMIA ALT FD CL I 25939 20732 AT&T, INC 8769 9614 BRISTOL-MYERS SQUIBB CO 7172 7960 BROADCOM INC 6303 7584 CATERPILLAR INC 5179 5464 CHEVRON CORP 2304 2290 CHIRON CAPITAL ALLOCATION FUND 25321 23479 CHUBB LIMITED 5641 6849 CISCO SYSTEMS INC 9801 11414 CITIGROUP INC 8429 10226 COHEN & STEERS LOW DURATION PR 44994 45230 COMMUNICAT SVS SLCT SEC SPDR E 15149 17591 CONSUMER DISCRETIONARY SELECT 15513 23077 COSTCO WHOLESALE CORPORATION 1787 4409 CROWN CASTLE INTL 2648 3696 D R HORTON 1301 1266 DAVIS FINANCIAL FD INC CL Y 36990 40396 DIGITAL RLTY TR INC 2856 3353 DOMINOS PIZZA INC 1202 1469 DOVER CORP 1727 3343 ECOLAB INC 1641 2509 EDWARDS LIFESCIENCES 1315 2333 ENTERGY CORP 5394 5511 ESTEE LAUDER COMPANIES INC 1305 2685 EXXON MOBIL CORP 9865 8862 FACEBOOK INC 4905 6773 FIFTH THIRD BANCORP 4348 4580 FINANCIAL SELECT SECTOR SPDR F 5310 6433 FIRST TRUST DOW JONES INTERNET 8553 11547 FIRST TRUST ISE CLOUD COMPUTIN 8425 11470 GEN DYNAMICS CP 1229 1411 HARDING LOEVNER INTL EQUITY 23841 26963 HARTFORD WORLD BOND FUND CL I 42705 43434 HENDERSON STRATEGIC INCOME FD 40482 43180 HOME DEPOT INC 4139 3931 HONEYWELL INTL 1417 2832 INTERCONTINENTAL EXCHANGE, INC 2781 3887 INTUIT 3358 3929 INTUITIVE SURGICAL 1065 1773 ISHARES 20+ YR TREAS BD 11573 12600 ISHARES BARCLAYS 1-3 YEAR TREA 79861 80399 ISHARES BARCLAYS 3-7 YEAR TREA 38988 39863 ISHARES NASDAQ BIOTECHNOLOGY 6554 7110 ISHARES US AEROSPACE AND DEFEN 15443 21764 JANUS GLOBAL LIFE SCIENCES I S 18804 20445 JOHN HANCOCK INTERNATIONAL COR 23380 27622 JP MORGAN CHASE 7085 11152 KINDER MORGAN INC 4463 4594 LOCKHEED MARTIN CORP 2779 3504 LORD ABBETT ULTRA SHORT BOND F 44741 44830 LOWES COMPANIES INC 1637 1916 MASTERCARD INC 1497 2986 MCDONALD'S CORP 1968 3162 MEDTRONIC PLC 4259 4425 MERCK & CO INC 8195 10095 MICROSOFT CORP 9952 15928 NETFLIX INC 1274 2589 NORTHROP GRUMMAN CORP 2492 2408 NVIDIA CORP 2098 2824 O'REILLY AUTOMOTIVE INC 3599 4383 PAYPAL HOLDINGS, INC 2211 3353 PEPSICO INC 3588 4373 PFIZER INC 6417 6817 PIMCO INCOME FUND P CLASS 46622 45205 PROCTER GAMBLE CO 4339 4496 PRUDENTIAL FINCL INC 6518 6656 REAL ESTATE SELECT SECTOR SPDR 2187 2552 ROYAL BANK OF CANADA 4264 4435 ROYAL DUTCH SHEL PLC SPONS ADR 7725 8156 SALESFORCE.COM 1725 4066 SCHRODER INTL MULTI CAP FUND 25622 24860 SELECT SECTOR SPDR-HEALTH CARE 8289 11408 TARGET CORPORATION 4127 6539 THE BLACKSTONE GROUP INC CL A 4278 4811 THE COCA-COLA CO 4405 5535 THERMO FISHER SCIENTIFIC INC 1400 3898 TJX COMPANIES INC 2933 4396 TORONTO DOMINION 3740 4378 TRUIST FINANCIAL CORPORATION 6794 7941 UNITED PARCEL SERVICE 7887 7843 UNITED TECHNOLOGIES CORP 6500 7338 UNITEDHEALTH GROUP INC 4178 4998 V F CORP 5484 5980 VANGUARD CONSUMER STAPLES ETF 5421 6932 VANGUARD INDUSTRIALS ETF 7497 9694 VANGUARD INFORMATION TECHNOLOG 34094 53132 VANGUARD MTRL ETF 2286 2817 VERIZON COMMUNICATIONS 5236 5587 VISA INC 2792 4322 VMWARE INC 2374 2429 WAL-MART STORES INC 3866 4635 WISDOMTREE FLOATING RATE TREAS 111883 111792 WISDOMTREE MIDCAP DIVIDEND F 19042 22215 ZOETIS INC 1265 2779 General Consultations 4143 4143 Administrative Fees 10841 10841 Bank Charges 34 34 Indemnification Insurance 727 727 State or Local Filing Fees 40 40 Class Action Lawsuit Proceeds 325 325 Investment Management Services 20262 20262 990-PF Estimated Tax for 2019 600 Foreign Tax Paid 69 69