2019-04-23T14:19:14-05:00 2018-12-31 Foundation Source One Hollow Ln Ste 212 Lake Success NY 11042 990PF 2018-01-01 455288107 Kenneth and Jean Watson Fund % Foundation Source KENN 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 WILLIAM W THORSNESS president 8008391754 2019-04-01 true Jeffrey D Haskell P01345770 8008391754 24.187.244.114 06391520191135000028 2019-04-23 P 54CCAE8F7BC02385263C2CCCA723B6609AD4C170 0C5E5A4654C1C37B4810F575F1A1D05F0CA21AED 2018 2019-02-21 02:37:17Z X 1282316 X 0 X 262 262 35354 35354 82049 738665 82049 117665 117665 0 10958 0 0 10958 20850 20850 1420 64 11856 42 11814 45084 20956 0 22772 50000 50000 95084 20956 0 72772 22581 96709 50542 62745 62745 1201427 1211805 1219571 1251969 1274550 1282316 0 0 X 1251969 1274550 1251969 1274550 1251969 1274550 1251969 22581 1274550 1274550 Publicly-traded Securities 738665 656616 82049 82049 82049 false 79498 1373952 0.057861 79353 1296558 0.061203 84245 1394559 0.06041 71390 1470767 0.048539 21900 1413986 0.015488 0.243501 0.0487 1366708 66559 967 67526 72772 X 967 967 967 1000 1000 X 33 33 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 1343743 43778 0 1387521 0 1387521 20813 1366708 68335 68335 967 967 67368 67368 67368 72772 0 0 0 0 72772 967 71805 67368 26210 2016 2015 2014 72772 26210 46562 0 0 20806 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 14 262 14 35354 18 82049 117665 117665 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, 2018, the Foundation paid $10,958 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 789 2489 AIR PRODS & CHEM INC 5666 5442 ALIGN TECHNOLOGY, INC 1398 1675 ALPHABET INC CL A 2694 5225 AMAZON COM 1222 6008 AMERICAN BEACON AHL MNGD FUTUR 25322 25661 AMERICAN ELECTRIC POWER INC 5212 5904 AMERICAN TOWER REIT INC 2796 4429 AMG DOUBLELINE CORE PLUS FIXED 47888 46371 AMGEN INC 4242 4477 APPLE INC 4299 5521 AQR RISK PARITY FUND CLASS I 25939 22378 AQR STYLE PREMIA ALT FD CL I 25939 22946 ASTRAZENECA 4863 5507 AT&T, INC 5704 4395 BB&T CP 5914 4722 BOEING CO 7348 6773 BOOKING HOLDINGS INC 3742 3445 BROADCOM INC 4104 4068 CARMAX INC 1492 1255 CARNIVAL CORP 4095 3648 CHEVRON CORP 4184 3808 CHIRON CAPITAL ALLOCATION FUND 25321 21402 CHUBB LIMITED 3599 3617 CISCO SYSTEMS INC 8549 9576 CME GROUP, INC 5670 8842 COHEN & STEERS LOW DURATION PR 71167 67170 COMMUNICAT SVS SLCT SEC SPDR E 15278 13870 CONSTELLATION BRANDS INC 3146 2573 CONSUMER DISCRETIONARY SELECT 11863 16139 COSTCO WHOLESALE CORPORATION 2145 3667 CROWN CASTLE INTL 7319 7604 CSX CORP 1977 2237 DAVIS FINANCIAL FD INC CL Y 36990 34476 DELAWARE DIVERSIFIED INCOME FD 50623 46059 DIGITAL RLTY TR INC 5548 5860 DOMINOS PIZZA INC 1202 1240 DOVER CORP 1836 2199 DUKE ENERGY CO 4144 4315 ECOLAB INC 2399 2800 EDWARDS LIFESCIENCES 2499 2910 ELECTRONIC ARTS 2500 1499 ESTEE LAUDER COMPANIES INC 1965 2602 EXELON CORPORATION 4114 4600 EXXON MOBIL CORP 6103 5114 FACEBOOK INC 1530 2097 FINANCIAL SELECT SECTOR SPDR F 7036 6693 FIRST TRUST DOW JONES INTERNET 6869 8750 FIRST TRUST ISE CLOUD COMPUTIN 7290 8773 GEN DYNAMICS CP 2751 2987 GOLDMAN SACHS TREASURYACCESS 0 45659 45623 HARDING LOEVNER INTL EQUITY 23841 21876 HARTFORD WORLD BOND FUND CL I 45395 45778 HENDERSON STRATEGIC INCOME FD 45180 45615 HONEYWELL INTL 2299 3435 INTERCONTINENTAL EXCHANGE, INC 2474 3013 INTUIT 3077 2756 INTUITIVE SURGICAL 1775 2395 INVESCO CORE BOND PLUS FUND CL 48487 45756 ISHARES NASDAQ BIOTECHNOLOGY 6598 5689 ISHARES US AEROSPACE AND DEFEN 16703 18323 JANUS GLOBAL LIFE SCIENCES I S 18804 16826 JOHN HANCOCK INTERNATIONAL COR 23380 21754 JOHNSON & JOHNSON 5972 5549 JP MORGAN CHASE 8135 9372 LOCKHEED MARTIN CORP 5923 5499 LORD ABBETT ULTRA SHORT BOND F 69942 69803 LOWES COMPANIES INC 2556 2309 MASTERCARD INC 2847 3584 MCDONALD'S CORP 4211 6215 MERCK & CO INC 6565 8099 MICROSOFT CORP 5527 6094 NETFLIX INC 1274 2141 NVIDIA CORP 567 1202 PAYPAL HOLDINGS, INC 3034 3616 PEPSICO INC 7113 7181 PFIZER INC 5502 6897 PIMCO INCOME FUND P CLASS 48821 46432 PROGRESSIVE CORP OHIO 2148 2413 REAL ESTATE SELECT SECTOR SPDR 3991 3720 ROYAL DUTCH SHEL PLC SPONS ADR 6987 7852 SALESFORCE.COM 1409 3150 SCHRODER INTL MULTI CAP FUND 25622 21690 SELECT SECTOR SPDR-HEALTH CARE 10323 12284 SIMON PPTY GROUP INC 3979 4200 SVB FINANCIAL GROUP 2257 1329 SYSCO CORP 4454 4449 TARGET CORPORATION 5873 4957 THE COCA-COLA CO 6605 7103 THERMO FISHER SCIENTIFIC INC 1400 2685 TJX COMPANIES INC 1719 2237 TORONTO DOMINION 6795 7309 UNITED TECHNOLOGIES CORP 6500 5218 UNITEDHEALTH GROUP INC 3942 3986 VANGUARD CONSUMER STAPLES ETF 8537 8920 VANGUARD INDUSTRIALS ETF 13735 14570 VANGUARD INFORMATION TECHNOLOG 30686 35034 VANGUARD MTRL ETF 2286 2327 VERIZON COMMUNICATIONS 4868 5791 VISA INC 2792 3035 VMWARE INC 2374 2194 WAL-MART STORES INC 4160 3912 WELLS FARGO & CO 2659 2074 WISDOMTREE FLOATING RATE TREAS 66182 66161 WISDOMTREE MIDCAP DIVIDEND F 19042 18472 ZOETIS INC 2534 3849 General Consultations 10958 10958 Administrative Fees 11047 11047 Bank Charges 42 42 Indemnification Insurance 727 727 State or Local Filing Fees 40 40 Investment Management Services 20850 20850 990-PF Estimated Tax for 2018 1000 990-PF Extension for 2017 356 Foreign Tax Paid 64 64