2018-05-15T10:40:48-05:00 2017-12-31 Foundation Source One Hollow Ln Ste 212 Lake Success NY 11042 990PF 2017-01-01 208038153 Raffi & Nina Festekjian Foundation % Foundation Source RAFF 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 RAFFI FESTEKJIAN president 8008391754 2018-05-08 true Jeffrey D Haskell P01345770 8008391754 2017 2022-09-23 18:48:47Z X 120800 X 39561 110 110 3710 21674 3710 43381 3820 0 5416 391 5025 5416 391 5025 66850 66850 72266 391 71875 -28885 3429 10921 117964 100000 120800 128885 100000 120800 0 0 X 128885 100000 128885 100000 128885 100000 128885 -28885 100000 100000 Publicly-traded Securities 21674 17964 3710 3710 3710 false 83675 133996 0.624459 91475 174215 0.52507 169253 230559 0.734098 72207 263681 0.273842 54069 251854 0.214684 2.372153 0.474431 116962 55490 34 55524 71875 X 34 34 34 250 250 216 216 false false false false false false true true true DE true false false false false true Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 false false false false false false false false false false false false false false false false false false false false Raffi Festekjian Foundation Source 501 Silverside Rd Wilmington DE 198091377 Pres, Dir, Sec 1.0 0 0 0 116428 2315 0 118743 0 118743 1781 116962 5848 5848 34 34 5814 5814 5814 71875 0 0 0 0 71875 34 71841 5814 2015 2014 2013 41719 59381 158409 82764 76975 419248 71875 5814 66061 485309 0 41719 443590 59381 158409 82764 76975 66061 Raffi Festekjian X AMERICAN UNIVERSITY OF BEIRUT 3 DAG HAMMARSKJOLD PLZ 8TH FL NEW YORK NY 10017 N/A PC General & Unrestricted 500 ARMENIAN ASSEMBLY OF AMERICA INC 734 15TH ST NW STE 500 WASHINGTON DC 20005 N/A PC General & Unrestricted 250 ARMENIAN ASSEMBLY OF AMERICA INC 734 15TH ST NW STE 500 WASHINGTON DC 20005 N/A PC Armenian Tree Project 2500 ARMENIAN GENERAL BENEVOLENT UNION 55 E 59TH ST NEW YORK NY 10022 N/A PC HAYP Program 2500 ARMENIAN INTERNATIONAL WOMENS ASSOCIATION INC 65 MAIN ST STE 3A WATERTOWN MA 02472 N/A PC General & Unrestricted 200 CHILDREN OF ARMENIA FUND INC 149 5TH AVE STE 500 NEW YORK NY 10010 N/A PC General & Unrestricted 10000 HALO TRUST USA INC 1730 RHODE ISLAND AVE NW STE 40 WASHINGTON DC 20036 N/A PC General & Unrestricted 20000 SOCIETY FOR ORPHANED ARMENIAN RELIEF 150 NORHT RADNOR CHESTER RD WAYNE PA 19087 N/A PC General & Unrestricted 900 YERAZART INC 32 WARWICK RD WATERTOWN MA 02472 N/A PC General & Unrestricted 30000 66850 14 110 18 3710 3820 3820 false false false false false false false false false false X X 1 Festekjian Raffi 4 McCall Road Winchester MA 01890 39411 X SP500 LINKED ISSUER HSBC 100000 120800 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, 2017, the Foundation made distributions from assets from sources other than current income.Collectively, the distributions in excess of current income totaled $66,850. This amount represents over 25% of the Foundation's net assets of $126,387 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2017. 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 5000 5000 Bank Charges 391 391 State or Local Filing Fees 25 25