2018-08-14T15:02:06-05:00 2017-12-31 Foundation Source One Hollow Ln Ste 212 Lake Success NY 11042 990PF 2017-01-01 455288107 Kenneth and Jean Watson Fund % Foundation Source KENN 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 WILLIAM W THORSNESS president 8008391754 2018-07-24 true Jeffrey D Haskell P01345770 8008391754 2017 2022-09-23 18:48:47Z X 1403865 X 0 X 207 207 32484 32484 43492 664485 43492 76183 76183 0 6252 0 0 6252 20473 20473 406 76 11840 38 11802 38971 20587 0 18054 62000 62000 100971 20587 0 80054 -24788 55596 133486 50542 50542 1143271 1201427 1353323 1276757 1251969 1403865 0 0 X 1276757 1251969 1276757 1251969 1276757 1251969 1276757 -24788 1251969 1251969 Publicly-traded Securities 664485 620993 43492 43492 43492 false 79353 1296558 0.061203 84245 1394559 0.06041 71390 1470767 0.048539 21900 1413986 0.015488 7598 868739 0.008746 0.194386 0.038877 1373952 53415 556 53971 80054 X 556 556 556 200 356 556 X 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 1283528 111347 0 1394875 0 1394875 20923 1373952 68698 68698 556 556 68142 68142 68142 80054 0 0 0 0 80054 556 79498 68142 38122 2015 2014 2013 80054 38122 41932 0 0 26210 0 0 NONE X TAYLOR UNIVERSITY 236 W READE AVE UPLAND IN 46989 N/A PC Act Six Scholarship Fund 12000 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 62000 14 207 14 32484 18 43492 76183 76183 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, 2017, THE FOUNDATION PAID $6,252 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. OCCIDENTAL PETROLEUM CORP 60 74 PRICELINE.COM INCORPORATED 3742 3475 AMAZON COM 1833 7017 ALPHABET INC CL A 3251 6320 INTUITIVE SURGICAL 2485 2555 BROADCOM LIMITED 1456 4367 CONSTELLATION BRANDS INC 3970 4571 TEXAS INSTRUMENTS INC 2067 2193 ECOLAB INC 2651 2818 THERMO FISHER SCIENTIFIC INC 2682 4367 ALIGN TECHNOLOGY, INC 4020 5110 MASTERCARD INC 3597 3633 FEDEX CORPORATION 4313 6239 NVIDIA CORP 1574 4838 NETFLIX INC 4142 4991 GEN DYNAMICS CP 3709 5493 COSTCO WHOLESALE CORPORATION 3217 5025 HONEYWELL INTL 2762 4601 AMERICAN TOWER REIT INC 2972 4280 AFFILIATED MANAGERS GROUP 5379 6363 LOCKHEED MARTIN CORP 8386 10274 FACEBOOK INC 3436 6000 VANGUARD MTRL ETF 4041 5058 APPLE INC 3467 6262 ADOBE SYSTEMS, INC 2726 6659 TJX COMPANIES INC 2681 2982 ESTEE LAUDER COMPANIES INC 3848 5090 MCDONALD'S CORP 4840 7057 VERIZON COMMUNICATIONS 1925 2329 DOVER CORP 3037 4444 SALESFORCE.COM 2875 4703 EXACT SCIENCES CORPORATION 2721 2469 DANAHER CORP 3026 4455 CSX CORP 2691 2695 PAYPAL HOLDINGS, INC 3720 3902 DIGITAL RLTY TR INC 6025 6834 PACCAR INC 3655 4407 FIRST TRUST DOW JONES INTERNET 4341 7252 ZOETIS INC 3675 4827 CARNIVAL CORP 3141 4580 JP MORGAN CHASE 4860 7914 CME GROUP, INC 8459 10808 EMERSON ELECTRIC CO 4525 5227 ORACLE CORP 3705 3593 PHILIP MORRIS INTL 7534 8029 HSBC HOLDINGS PLC 3878 3925 INTERCONTINENTAL EXCHANGE, INC 4776 5786 ISHARES NASDAQ BIOTECHNOLOGY 9801 9289 TRANSCANADA CORP 4302 4426 AMERICAN ELECTRIC POWER INC 6448 7210 PROCTER GAMBLE CO 8495 9464 DOMINION ENERGY INC 8736 9484 METLIFE INC 4399 6219 VANGUARD CONSUMER STAPLES ETF 16016 18693 CISCO SYSTEMS INC 4525 5094 ISHARES US AEROSPACE AND DEFEN 21116 25207 THE COCA-COLA CO 6648 6928 VODAFONE GROUP PLC 4595 4976 FIRST TRUST ISE CLOUD COMPUTIN 4785 7387 ROYAL DUTCH SHEL PLC SPONS ADR 8743 11200 TORONTO DOMINION 8034 10252 INTEL CORP 6369 8447 REAL ESTATE SELECT SECTOR SPDR 6868 6917 PFIZER INC 9394 9743 ASTRAZENECA 9087 9404 VANGUARD INDUSTRIALS ETF 32556 42142 CONSUMER DISCRETIONARY SELECT 21379 29903 JANUS GLOBAL LIFE SCIENCES I S 18978 18541 SELECT SECTOR SPDR-HEALTH CARE 25098 29765 VANGUARD INFORMATION TECHNOLOG 53731 75281 WISDOMTREE MIDCAP DIVIDEND F 21716 23496 FINANCIAL SELECT SECTOR SPDR F 16031 19816 VANGUARD SCOTTSDALE FDS SHORT 70698 70021 DAVIS FINANCIAL FD INC CL Y 41389 47885 WISDOMTREE BARCLAYS YIELD ENHA 48543 47322 JOHN HANCOCK INTERNATIONAL COR 26815 29164 HARDING LOEVNER INTL EQUITY 26517 28715 DEUTSCHE GLOBAL INFRASTRUCTURE 21768 21899 AQR STYLE PREMIA ALT FD CL I 17351 17674 AQR RISK PARITY FUND CLASS I 17351 16988 AMG MANAGERS LOOMIS SAYLES BON 47656 46938 AQR MANAGED FUTURES FUND CL I 17351 18076 GOLDMAN SACHS INTL SMALL CAP I 23514 27666 SCHRODER INTL MULTI CAP FUND 26501 28009 PIMCO INCOME FUND P CLASS 46818 46743 INVESCO CORE BOND PLUS FUND CL 47988 48119 HARTFORD WORLD BOND FUND CL I 47061 47600 HENDERSON STRATEGIC INCOME FD 44951 47448 DELAWARE DIVERSIFIED INCOME FD 48958 47201 COHEN & STEERS LOW DURATION PR 70471 70680 General Consultations 6252 6252 Administrative Fees 10832 10832 Bank Charges 38 38 Indemnification Insurance 894 894 State or Local Filing Fees 76 76 Investment Management Services 20473 20473 990-PF Estimated Tax for 2017 200 990-PF Extension for 2016 130 Foreign Tax Paid 76 76