2019-09-12T13:13:32-05:00 2018-12-31 Foundation Source One Hollow Ln Ste 212 Lake Success NY 11042 990PF 2018-01-01 475125279 The Karese Foundation % FOSTER H CHASE JR KARE 5092382708 PO Box 499 Colbert WA 99005 FOSTER H CHASE JR President 5092382708 2019-09-04 true Jeffrey D Haskell P01345770 8008391754 24.187.244.114 06391520192555000005 2019-09-12 P 6FA09F0146E80CA51CD060FDE9E6EBAC4362E663 78D185D94E59032E4B5D677F857013E059842DEA 2018 2019-02-21 02:37:17Z X X 695831 X 0 X 211 211 27947 27947 154708 977159 154708 11578 11578 194444 194444 0 10045 10045 200 10332 151 10181 20577 10196 10181 895000 895000 915577 10196 905181 -721133 184248 92413 22359 22359 285301 291087 285301 285300 653984 186688 205617 367354 189357 182555 1404838 683705 695831 0 0 X 1404838 683705 1404838 683705 1404838 683705 1404838 -721133 683705 683705 Publicly-traded Securities 977159 822451 154708 154708 154708 false 565610 1921326 0.294385 114599 2050915 0.055877 247482 0 0 0.0 0 0 0.0 0.350262 0.116754 1256911 146749 1842 148591 905181 X 1842 1842 1842 534 3006 3540 X 1698 1698 false false false false false false true true true DE true false false false false true 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 Brenda Jo Chase PO Box 499 Colbert WA 99005 Dir, Sec, Treas 1.0 0 0 0 Foster H Chase Jr PO Box 499 Colbert WA 99005 Pres, Dir 1.0 0 0 0 895541 95211 285300 1276052 0 1276052 19141 1256911 62846 62846 1842 1842 61004 61004 61004 905181 0 0 0 0 905181 1842 903339 61004 2016 2015 2014 8944 470532 479476 905181 61004 844177 1323653 0 1323653 8944 470532 844177 Foster H Chase Jr BRENDA JO CHASE X COLLEGE SUCCESS FOUNDATION 15500 SE 30TH PL STE 200 BELLEVUE WA 98007 N/A PC General & Unrestricted 25000 COLLEGE SUCCESS FOUNDATION 15500 SE 30TH PL STE 200 BELLEVUE WA 98007 N/A PC scholarship fund for a student who wishes to attend either Seattle Pacific University, Northwest University, or Whitworth College 25000 GORDON COLLEGE 255 GRAPEVINE RD WENHAM MA 01984 N/A PC General & Unrestricted 600000 GORDON COLLEGE 255 GRAPEVINE RD WENHAM MA 01984 N/A PC Track Renovation Project 140000 NORTHWEST CHRISTIAN SCHOOLS INC 5104 E BERNHILL RD COLBERT WA 99005 N/A PC General & Unrestricted 25000 STEWARDS JOURNEY 21816 BUCKEYE LAKE LN COLBERT WA 99005 N/A PC General & Unrestricted 30000 THE BIG TABLE PO BOX 372 SPOKANE VALLEY WA 99210 N/A PC General & Unrestricted 50000 895000 14 211 14 27947 18 154708 INTEREST INCOME FROM NOTE RECEIVABLE 14 11578 194444 194444 false false false false false false false false false false AVALONBAY COMMUNITIES - 3.500% 8240 7952 BOSTON PROPERTIES LP - 3.650% 8094 7744 BP CAP MKTS - 3.017% - 01/16/2 7460 7515 CATERPILLAR FINL SVCS - 3.250% 8107 7904 CITIGROUP INC - 4.300% - 11/20 8857 8655 CVS HEALTH - 3.875% - 07/20/20 8563 7796 DISNEY WALT CO - 3.000% - 02/1 8314 7703 DR PEPPER SNAPPLE - 2.700% - 1 7980 7586 GENERAL MTRS FINL COINC NOTE - 6902 6443 GOLDMAN SACHS GP INC - 5.950% 5772 5265 KRAFT FOODS GROUP INC - 3.500% 8224 7919 LINCOLN NATL CORP IND - 3.800% 6751 6789 MARRIOTT INTL INC NEW NOTE - 4 6830 6729 NBC UNIVERSAL MEDIA LLC - 2.87 8264 7854 NEWMONT MINING CORP NT - 3.500 8987 8905 NUTRIEN LTD NOTE CALL - 3.625% 7037 6805 ORACLE CORP - 3.400% - 07/08/2 8396 7984 REALTY INCOME CORP NOTE - 3.00 7579 7438 TIME WARNER INC - 3.875% - 01/ 8090 7641 TOTAL CAPITAL CANADA LTD - 2.7 7861 7824 TOYOTA MOTOR CREDIT CORP MTN - 7752 7575 TYCO ELECTRONICS - 3.700% - 02 8170 7777 UNITED PARCEL SERVICE - 2.450% 3071 2937 UNITEDHEALTH GROUP INC - 3.450 7117 6928 WASTE MGMT - 2.900% - 09/15/20 6939 6887 ABB LTD 738 513 ABBOTT LABS 944 1519 ABN AMRO BANK NV UNSP ADR 736 546 ACCELERATE DIAGNOSTICS INC 272 138 ACCENTURE PLC 2841 3243 ADOBE SYSTEMS, INC 1859 2941 AIA GROUP LTD ADR 451 427 ALIGN TECHNOLOGY, INC 494 1047 ALLEGHENY TECH 216 174 ALLSTATE CORP 1057 1487 ALPHABET INC CL A 1445 2090 ALPHABET INC CL C 2097 3107 AMER INTERNATIONAL GROUP INC 2068 1537 AMERICAN WOODMARK CORP 289 167 AMN HEALTHCARE SERVICES INC 110 227 AMNEAL PHARMACEUTICALS INC 165 135 ANHEUSER BUSCH COS INC 1373 856 AON PLC 704 1163 ARCHER DANIELS MDLND 1152 1393 ASGN INC 184 273 ASHTEAD GROUP PLC 224 335 ASSA ABLOY UNSP/ADR 1127 967 AT&T, INC 1756 1370 AUTOMATIC DATA PROCESSING INC 2119 2885 BANK NEW YORK MELLON CORP COM 1070 1412 BANNER CORP 174 160 BARNES GROUP INC 210 214 BB&T CP 1018 1386 BHP BILLITON LIMITED 734 1256 BIOTELEMETRY INC 221 358 BOOKING HOLDINGS INC 1058 1722 BOTTOMLINE TECHNOLOGIES, INC 265 384 BRANDYWINE RLTY TR 261 193 CADENCE BANCORPORATION 290 168 CALLAWAY GOLF CO 187 184 CALLON PETROLEUM CO 206 110 CALRSBERG AS SP ADR REP B 656 659 CANADIAN NATL RAILWAY CO 448 519 CANTEL MEDICAL CORPORATION 175 223 CARDINAL HEALTH INC 2017 1338 CASEY'S GENERAL STORES, INC 265 256 CAVCO INDS INC DEL 360 261 CHART INDUSTRIES, INC 202 195 CHATHAM LODGING TRUST 184 177 CHILDREN'S PLACE 215 180 CIENA CORP 288 305 CIGNA CORPORATION 547 570 CISCO SYSTEMS INC 776 1430 CODEXIS INC 195 217 COHEN AND STEERS REALTY INCOME 13815 12527 COMFORT SYSTEMS USA INC 186 262 COMPAGNIE FINANCIERE RICHEMONT 335 323 COMPASS GROUP PLC ADR 885 961 CONOCOPHILLIPS 843 1434 CONTROL4 CORPORATION 218 158 CVS CAREMARK CORP 1436 1376 DAIWA HOUSE IND LTD 710 859 DAVE AND BUSTERS ENTERTAINMENT 202 178 DBS GROUP HLDGS SPON ADR 589 767 DELEK US HLDGS INC 267 195 DOLLAR GENERAL CORP 2117 2270 DOLLAR TREE INC 1415 1535 DOWDUPONT INC 1155 1497 EAGLE BANCORP INC 215 195 EASTGROUP PROPERTIES INC 259 275 EDISON INTL 1514 1419 ENTEGRIS INC MINNESOTA 68 167 EQUINOR ASA 286 360 EQUITY RESIDENTIAL PPTYS TR 1278 1452 EURONET WORLDWIDE INC 223 307 EVOLENT HEALTH INC 307 239 FACEBOOK INC 3118 3015 FERGUSON PLC ADR 557 656 FERRO CORP 155 125 FIVE9 INC 257 306 G III APPAREL GRP LTD 187 195 GARTNER INC 1864 2173 GENMAB A/S 245 198 HALLIBURTON COMPANY 1477 1329 HARDING LOEVNER FRNT EMG MKT I 3251 3728 HEALTHEQUITY INC 195 239 HEARTLAND FINANCIAL USA, INC. 286 264 HELEN OF TROY LIMITED 250 262 HILLENBRAND, INC 157 228 HILTON GRAND VACATIONS INC. 240 158 HOULIHAN LOKEY INC 326 258 HUBSPOT INC 319 377 IBERIABANK CORPORATION 233 193 ICF INTERNATIONAL, INC 212 194 ICU MEDICAL, INC 97 230 IMAX CORPORATION 151 150 INFORMA PLC SPONSORED ADR 424 371 INTEGRATED DEVICE TECHNOLOGY I 170 339 INTEL CORP 930 1455 INTER PARFUMS INC 159 393 J2 GLOBAL INC 347 278 JOHNSON & JOHNSON 1223 1549 KADANT INC 207 163 KAO CORP 434 507 KOMATSU LTD 309 452 KORN FERRY INTL 217 158 LAKELAND FINANCIAL CORPORATION 110 161 LIGAND PHARMACEUTICALS INC 258 271 LIVANOVA PLC 182 274 LOWES COMPANIES INC 1118 1478 MADDEN STEVEN LTD 199 242 MAINSTAY HIGH YIELD CORPORATE 9672 9971 MAKITA CORP 632 774 MALIBU BOATS INC 206 209 MARATHON OIL CORP COM 966 1405 MARSH AND MCLENNAN COMPANIES I 932 1436 MASTERCARD INC 692 1509 MATADOR RESOURCES COMPANY 231 124 MATTHEWS INDIA FUND 6474 6017 MEDIDATA SOLUTIONS, INC 224 202 MEDTRONIC PLC 1271 1364 MERCK & CO INC 1092 1528 META FINANCIAL GROUP, INC 232 116 MICHELIN CIE GEN UNSP/ADR 846 549 MICROSOFT CORP 3992 4266 MODINE MFG CO 131 119 MONDELEZ INTERNATIONAL INC 1410 1361 MONOLITHIC POWER SYSTEMS, INC 180 349 MONRO MUFFLER BRAKE, INC 344 344 NEENAH PAPER INC 173 177 NESTLE S.A 1462 1619 NIKE INC-CL B 2021 2521 NMI HOLDINGS, INC. 220 232 NORDEA BANK ABP 993 663 NORTHROP GRUMMAN CORP 1076 1469 NOVANTA INC 259 315 NOVARTIS AG ADR 1450 1545 NUVASIVE, INC 253 248 NVIDIA CORP 2172 1068 O'REILLY AUTOMOTIVE INC 1484 2755 OCCIDENTAL PETROLEUM CORP 1455 1412 OMNICELL, INC 236 245 ORACLE CORP 2950 3161 OTTER TAIL CORP 196 248 PARTY CITY HOLDCO INC 65 60 PATRICK IND INC 134 178 PFIZER INC 1047 1484 PLANET FITNESS INC 237 268 PRINCIPAL FDS, INC. MIDCAP FD 12426 14922 PROOFPOINT INC 167 251 PRUDENTIAL PLC SC 1242 1167 PRUDENTIAL SHORT DURATION HIGH 10283 10028 PS BUSINESS PARKS, INC 275 262 QUEST DIAGNOSTICS 1119 1416 RAYTHEON CO 1078 1380 RED ELECTRICA DE ESPANA SA 901 955 REGENERON PHARMACEUTICALS INC 1853 1868 RELX PLC 1012 944 ROGERS COMM CL B 878 871 ROYAL DUTCH SHELL CL A 1141 1165 RYANAIR HOLDINGS PLC-ADR COM 725 499 RYOHIN KEIKAKU 939 962 SAFRAN SA - UNSPON ADR 1044 1106 SAIA, INC 115 279 SAMPO PLC UNSPONSORED ADR 908 908 SAP AKTIENGESELL ADS 1164 1294 SEACOAST BANKING CORPORATION O 172 156 SELECTIVE INS GROUP INC 187 305 SILICON MOTION TECHNOLOGY CORP 250 173 SONOVA HOLDING AG AD 361 295 SOUTH JERSEY INDS INC 177 195 SPS COMMERCE, INC 286 330 STARBUCKS CORP COM 2181 2447 SUMITOMO MITSUI FINCL GRP 731 703 SUNCOR ENERGY INC 962 755 TELENOR ASA 700 775 TEXAS ROADHOUSE, INC 372 358 TPI COMPOSITES INC 337 295 UBISOFT ENTERTAIN UNSP ADR EAC 229 210 UNILEVER PLC AMER 705 888 UNITED COMMUNITY BANKS, INC 291 215 VERIZON COMMUNICATIONS 1266 1462 VINCI SA ADR 573 718 VISA INC 1821 3299 VIVENDI SA 973 918 VOLKSWAGEN AG ADR 944 849 WASTE MANAGEMENT INC 831 1424 WINTRUST FINANCIAL CORPORATION 189 266 WOLTERS KLUWER S/ADR 674 1056 ZOETIS INC 2166 2395 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, 2018, the Foundation made distributions from assets from sources other than current income.Collectively, the distributions in excess of current income totaled $895,000. This amount represents 25% or more of the Foundation's net assets of $1,586,533 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2018. 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 10156 10156 Bank Charges 151 151 State or Local Filing Fees 25 25 Interest Income from Note receivable 11578 11578 FRIENDS OF NWCS LLC 285301 0 Investment Management Services 10045 10045 990-PF Estimated Tax for 2018 200