2017-11-03T14:41:14-05:00 2016-12-31 Foundation Source One Hollow Ln Ste 212 Lake Success NY 11042 990PF 2016-01-01 455288107 Kenneth and Jean Watson Fund % Foundation Source KENN 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 WILLIAM W THORSNESS president 8008391754 2017-10-19 true Jeffrey D Haskell P01345770 8008391754 2016 2022-09-23 18:48:47Z X 1320996 X 0 X 157 157 34060 34060 224 837258 224 34441 34441 0 19952 2103 0 17849 19282 19282 105 14 11664 30 11634 51003 21429 0 29483 50000 50000 101003 21429 0 79483 -66562 13012 152752 133486 133486 1190567 1143271 1187510 1343319 1276757 1320996 0 0 X 1343319 1276757 1343319 1276757 1343319 1276757 1343319 -66562 1276757 1276757 Publicly-traded Securities 837258 837034 224 224 224 false 84245 1394559 0.06041 71390 1470767 0.048539 21900 1413986 0.015488 7598 868739 0.008746 0 0 0.0 0.133183 0.033296 1296558 43170 130 43300 79483 X 130 130 130 130 130 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 William W Thorsness Foundation Source 501 Silverside Rd Wilmington DE 198091377 Pres / Dir / Sec / Treas 2.0 0 0 0 1231035 85268 0 1316303 0 1316303 19745 1296558 64828 64828 130 130 64698 64698 64698 79483 0 0 0 0 79483 130 79353 64698 52907 2014 2013 2012 79483 52907 26576 0 0 38122 0 0 NONE X TRINITY CHRISTIAN COLLEGE ASSOCIATION 6601 W COLLEGE DR PALOS HEIGHTS IL 60463 N/A PC Trinity Christian College's program in partnership with By The Hand Club For Kids 50000 50000 14 157 14 34060 18 224 34441 34441 false false false false false false false false false false William W Thorsness *WILLIAM W THORSNESS, PRESIDENT OF THE KENNETH AND JEAN WATSON FUND (THE "FOUNDATION"), IS A PARTNER AT THE LAW FIRM LILLIG & THORSNESS, LTD, A DISQUALIFIED PERSON WITH RESPECT TO THE FOUNDATION, WHICH PROVIDES LEGAl SERVICES TO THE FOUNDATION. IN THE TAXABLE YEAR ENDING DECEMBER 31, 2016, THE FOUNDATION PAID $19,952 FOR LEGAL SERVICES RENDERED BY SUCH DISQUALIFIED PERSON AS REPORTED IN 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 5524 7927 AFFILIATED MANAGERS GROUP 10494 8282 ALPHABET INC CL A 6036 8717 AMAZON COM 3055 7499 AMERICAN BEACON SIM HIGH YIELD 44948 43716 AMERICAN ELECTRIC POWER INC 6448 6170 AMERICAN TOWER REIT INC 5347 6024 AMG MANAGERS LOOMIS SAYLES BON 43092 41264 ANADARKO PETROLEUM CORP 5630 6834 APPLE INC 5952 8571 ASTRAZENECA 8588 6994 AT&T, INC 8246 8506 AUTOZONE INC 6077 6318 BROADCOM LIMITED 3170 6540 CARNIVAL CORP 3824 4373 CELGENE CORP 6529 6714 CME GROUP, INC 3305 3691 COHEN & STEERS PREFRRD SECS & 61375 60222 COLUMBIA FDS SRS TR I STRATEGI 61708 64018 CONSUMER DISCRETIONARY SELECT 29127 33944 CONTINENTAL RESOURCES INC 5844 6185 COSTCO WHOLESALE CORPORATION 6196 8326 DANAHER CORP 5080 6305 DAVIS FINANCIAL FD INC CL Y 42162 45558 DELAWARE DIVERSIFIED INCOME FD 44170 41806 DIGITAL RLTY TR INC 6527 6387 DOMINION RESOURCES INC 8660 8884 DOVER CORP 7939 8617 DWS INTERNATIONAL FD 29871 24851 FACEBOOK INC 6825 7593 FEDEX CORPORATION 8281 8938 FINANCIAL SELECT SECTOR SPDR F 9016 9998 FIRST TRUST DOW JONES INTERNET 3899 5109 FIRST TRUST ISE CLOUD COMPUTIN 4275 5275 GEN DYNAMICS CP 7431 9496 GENERAL ELECTRIC CO 8670 8785 GOLDMAN SACHS INTL SMALL CAP I 15119 15537 GOLDMAN SACHS S/M CAP GTH - IS 26291 23562 HARTFORD WORLD BOND FUND CL I 43256 42673 HENDERSON STRATEGIC INCOME FD 41321 42614 HONEYWELL INTL 5051 6372 INTEL CORP 7712 8016 INTERNATIONAL BUSINESS MACHINE 8566 8797 INVESCO INTERNATIONAL GROWTH F 21092 19591 ISHARES NASDAQ BIOTECHNOLOGY 8482 6635 JP MORGAN CHASE 6173 8111 KIMBERLY CLARK CORP 6408 5706 KRAFT HEINZ CO 6268 6200 LOCKHEED MARTIN CORP 8648 8248 LORD ABBETT INVESTMENT TRUST S 44881 42816 LYONDELLBASELL INDUSTRIES NV 6563 6777 MCDONALD'S CORP 8617 8886 MEDTRONIC PLC 5909 5200 METLIFE INC 5582 7491 MONDELEZ INTERNATIONAL INC 7264 8511 NVIDIA CORP 5793 9820 OCCIDENTAL PETROLEUM CORP 8609 8191 PACCAR INC 8313 9010 PFIZER INC 8624 7990 PHILIP MORRIS INTL 8624 7960 PIONEER NAT RES CO 5230 6302 PPL CORPORATION 6508 6333 PROCTER GAMBLE CO 7800 7988 REAL ESTATE SELECT SECTOR SPDR 6418 6027 ROYAL DUTCH SHEL PLC SPONS ADR 8194 8927 SALESFORCE.COM 5298 5751 SELECT SECTOR SPDR ENERGY FUND 16872 20261 SELECT SECTOR SPDR-HEALTH CARE 26711 27162 SPECTRA ENERGY CORP-W/I 7146 8136 STARBUCKS CORP COM 7085 6440 THE COCA-COLA CO 6469 6095 THERMO FISHER SCIENTIFIC INC 4665 5644 THOMSON REUTERS CORPORATION 4176 4422 TJX COMPANIES INC 3781 4132 TORONTO DOMINION 6242 6957 VANGUARD CONSUMER STAPLES ETF 15455 16615 VANGUARD INDUSTRIALS ETF 30480 33870 VANGUARD INFORMATION TECHNOLOG 36108 42282 VANGUARD MTRL ETF 6562 6746 VENTAS INC 6499 5564 VERIZON COMMUNICATIONS 8627 8648 WALT DISNEY HOLDINGS CO 7852 9380 WISDOMTREE BARCLAYS YIELD ENHA 43666 41498 ZIMMER BIOMET HOLDINGS 4948 5057 ZOETIS INC 3992 4122 General Consultations 19952 2103 17849 Administrative Fees 10700 10700 Bank Charges 30 30 Indemnification Insurance 894 894 State or Local Filing Fees 40 40 Investment Management Services 19282 19282 990-PF Excise Tax for 2015 11 990-PF Extension for 2015 80 Foreign Tax Paid 14 14