2025-11-17T17:47:04-06:00 2024-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2024-01-01 455288107 Kenneth and Jean Watson Fund % Foundation Source KENN 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 WILLIAM W THORSNESS PRESIDENT 8008391754 2025-11-17 true true Jeffrey D Haskell P01345770 8008391754 2024 2025-03-06 01:10:19Z X 1339541 X 0 X 326 326 33906 21830 118222 1036076 118222 152454 140378 0 3347 0 0 3347 19271 19271 115 15 11789 1 11788 34522 19287 0 15135 0 0 34522 19287 0 15135 117932 121091 0 23461 16023 16023 446272 424367 423110 626807 774082 900408 1096540 1214472 1339541 0 0 X 1096540 1214472 1096540 1214472 1096540 1214472 1096540 117932 1214472 1214472 Publicly-traded Securities 1036076 917854 118222 118222 118222 1683 1683 1683 20 0 1672 1692 X 9 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 1.0 0 0 0 1291153 20534 0 1311687 0 1311687 19675 1292012 64601 64601 1683 1683 62918 62918 62918 15135 0 0 0 0 15135 62918 51503 51503 15135 15135 0 47783 47783 3720 0 3720 3720 NONE X 14 326 14 33906 18 118222 152454 152454 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 OF LILLIG & THORSNESS, LTD A DISQUALIFIED PERSON WHICH PROVIDES LEGAL SERVICES TO THE FOUNDATION. DURING THE TAXABLE YEAR ENDING DECEMBER 31, 2024, THE FOUNDATION PAID $3,347 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 OR BELOW THE RATE IT CHARGES ITS OTHER CLIENTS. ABBVIE INC 2820 2843 ADOBE SYSTEMS, INC 7585 6670 ALPHABET INC CL A 5453 11777 AMAZON COM 1170 11628 AMERICAN EXPRESS CO 3271 4165 AMGEN INC 8788 8263 APPLE INC 5673 12870 APPLIED MATERIALS INC 4963 5410 BOEING CO 8355 7257 CHEVRON CORP 8250 8408 CISCO SYSTEMS INC 8733 10672 CORNING INC 3946 5764 COSTCO WHOLESALE CORPORATION 4601 5645 DEERE CO 7106 7757 DIREXION AUSPICE BROAD COMMODI 50813 48257 DOW INC 4210 3059 ELI LILLY & CO 6423 6176 EQUINIX, INC 9054 9570 GOLDMAN SACHS GQG PARTNERS INT 46464 48343 GOLDMAN SACHS INTL EQ INC FD I 34592 36266 HARTFORD SCHRODERS INTERNATION 26924 34981 HOME DEPOT INC 8191 8777 HONEYWELL INTL 8631 9864 INTERNATIONAL BUSINESS MACHINE 6926 10081 ISHARE SP SMALL CAP 600 INDEX 5064 5413 ISHARES CORE DIVIDEND GROWTH 8407 9166 ISHARES GOLD TR 33876 37776 ISHARES MSCI USA QUALITY FACTO 11665 12956 ISHARES TRUST RUSSELL 1000 GRO 44213 53678 ISHARES TRUST RUSSELL 1000 VAL 38975 42081 ISHARES US AEROSPACE AND DEFEN 30131 38351 JOHNSON & JOHNSON 8765 7851 JP MORGAN CHASE 5402 11370 LOCKHEED MARTIN CORP 8783 9904 MARVELL TECHNOLOGY, INC 6689 10520 MASTERCARD INC 6683 9530 MCDONALD'S CORP 7582 8297 MERCK & CO INC 8724 6794 META PLATFORMS INC 4502 9990 METLIFE INC 8774 10291 MICROSOFT CORP 6007 9833 MORGAN STANLEY 8801 12755 NETFLIX INC 8378 12478 NIKE INC-CL B 5854 4233 NVIDIA CORP 3455 3761 PACER US CASH COWS 100 ETF 46187 53655 PACER US SMALL CAP CASH COWS 1 34042 30941 PALO ALTO NETWORKS INC 4067 4731 PEPSICO INC 6379 5660 PROCTER GAMBLE CO 5077 5351 SALESFORCE.COM 8595 9401 SERVICE NOW 7348 11661 T. ROWE PRICE GROUP 3544 3529 TARGET CORPORATION 6283 5549 THERMO FISHER SCIENTIFIC INC 7667 7820 UBER 6243 5791 VANGUARD INFORMATION TECHNOLOG 11088 20113 VANGUARD RUSSELL 1000 INDEX FU 49935 57529 VANGUARD RUSSELL 2000 ETF 8282 8955 VERIZON COMMUNICATIONS 8799 8777 WILLIAMS COS 3677 6127 ZOETIS INC 3197 3287 424367 423110 General Consultations 3347 3347 Administrative Fees 11264 11264 Bank Charges 1 1 D/O INSURANCE 484 484 State or Local Filing Fees 40 40 Investment Management Services 19271 19271 990-PF Extension for 2023 100 Foreign Tax Paid 15 15