2018-05-09T14:54:20-05:00 2017-12-31 Foundation Source One Hollow Ln Ste 212 Lake Success NY 11042 990PF 2017-01-01 475125279 The Karese Foundation % Foundation Source KARE 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 FOSTER H CHASE JR president 8008391754 2018-04-30 true Jeffrey D Haskell P01345770 8008391754 24.187.244.114 06391520181295000003 2018-05-09 P 0B775BB9C0E0C9DA339247063A24C50179569C8E 6B1EFC400AF5C33D9B3602785388C863E4E2E7C3 2017 2021-01-29 14:40:06Z X 1586533 X 0 X 264 264 31690 31690 17713 721469 17713 11829 11829 61496 61496 0 11978 11978 1104 4022 4022 12506 164 12342 29610 12142 16364 549740 549740 579350 12142 566104 -517854 49354 131399 92413 92413 291087 298188 291087 291087 641261 653984 834360 851844 367354 368673 1922692 1404838 1586533 0 0 X 1922692 1404838 1922692 1404838 1922692 1404838 1922692 -517854 1404838 1404838 Publicly-traded Securities 721469 703756 17713 17713 17713 false 114599 2050915 0.055877 247482 0 0 0.0 0 0 0.0 0 0 0.0 0.055877 0.027939 1921326 53680 494 54174 566104 X 494 494 494 828 828 334 334 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 true false true false false false false false false false false false false false false false false false false Brenda Jo Chase Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Sec, Treas 1.0 0 0 0 Foster H Chase Jr Foundation Source 501 Silverside Rd Wilmington DE 198091377 Pres, Dir 1.0 0 0 0 1353187 306311 291087 1950585 0 1950585 29259 1921326 96066 96066 494 494 95572 95572 95572 566104 0 0 0 0 566104 494 565610 95572 2015 2014 2013 8944 8944 566104 95572 470532 479476 0 479476 8944 470532 Foster H Chase Jr BRENDA JO CHASE X BPN FOUNDATION - USA PO BOX 1842 LAKE OSWEGO OR 97035 N/A PC General & Unrestricted 15000 COLLEGE SUCCESS FOUNDATION 15500 SE 30TH PL STE 200 BELLEVUE WA 98007 N/A PC General & Unrestricted 25000 GORDON COLLEGE 255 GRAPEVINE RD WENHAM MA 01984 N/A PC General & Unrestricted 350000 NEW CREATION FELLOWSHIP A NORTHWEST CONSERVATIVE B 1515 E FARWELL RD SPOKANE WA 99208 N/A PC General & Unrestricted 50000 NORTHWEST CHRISTIAN SCHOOLS INC 5104 E BERNHILL RD COLBERT WA 99005 N/A PC General & Unrestricted 25000 SPOKANE GUILDS SCHOOL AND NEUROMUSCULAR CENTER 2118 W GARLAND AVE SPOKANE WA 99205 N/A PC General & Unrestricted 5740 STEWARDS JOURNEY 21816 BUCKEYE LAKE LN COLBERT WA 99005 N/A PC General & Unrestricted 10000 STEWARDS JOURNEY 21816 BUCKEYE LAKE LN COLBERT WA 99005 N/A PC Insight Out Project 5000 STEWARDS JOURNEY 21816 BUCKEYE LAKE LN COLBERT WA 99005 N/A PC SLS Project 14000 THE BIG TABLE PO BOX 372 SPOKANE VALLEY WA 99210 N/A PC General & Unrestricted 50000 549740 14 264 14 31690 18 17713 INTEREST INCOME FROM NOTE RECEIVABLE 14 11829 61496 61496 false false false false false false false false false false HSBC FINANCE CORP - 6.676% - 0 3348 3335 GOLDMAN SACHS GP INC - 5.950% 4591 4673 INTERNATIONAL BUSINESS MACHS B 7514 7484 TARGET BOND - 3.500% - 07/10/2 7299 7298 POTASH CORP - 3.625% - 03/15/2 7037 7175 UNITEDHEALTH GROUP INC - 3.450 7117 7241 GENERAL MTRS FINL COINC NOTE - 7035 7280 KINDER MORGAN - 4.300% - 06/01 7370 7291 WAL MART STORES INC NT - 4.250 8949 8502 INTEL CORP NOTE - 3.300% - 10/ 8482 8296 BERKSHIRE HATHAWAY FIN CORP - 8231 8184 KRAFT FOODS GROUP INC - 3.500% 8224 8186 ORACLE CORP - 3.400% - 07/08/2 8396 8306 AVALONBAY COMMUNITIES - 3.500% 8240 8228 CATERPILLAR FINL SVCS - 3.250% 8107 8207 CVS HEALTH - 3.875% - 07/20/20 8563 8239 CELGENE CORP SR UNSECD - 3.875 8241 8281 DISNEY WALT CO - 3.000% - 02/1 8314 8029 BOSTON PROPERTIES LP - 3.650% 8094 8115 HOME DEPOT INC - 2.700% - 04/0 8181 8077 NBC UNIVERSAL MEDIA LLC - 2.87 8264 8081 UNITED PARCEL SERVICE - 2.450% 8190 7981 STARBUCKS CORP - 2.100% - 02/0 8047 7949 HARTFORD FINL SVC - 5.125% - 0 8840 8730 REYNOLDS AMERICAN - 4.450% - 0 8726 8530 TYCO ELECTRONICS - 3.700% - 02 8170 8309 JOHN DEERE CAP - 2.800% - 03/0 8200 8083 TIME WARNER INC - 3.875% - 01/ 8090 8076 SOUTHERN POWER - 4.150% - 12/0 8058 8431 SIMON PROPERTIES GROUP - 2.500 8053 8020 DOMINION RESOURCE - 3.625% - 1 7962 8280 CISCO SYSTEMS - 2.600% - 02/28 8101 8015 DUKE ENERGY CORP - 3.950% - 10 8343 8398 DR PEPPER SNAPPLE - 2.700% - 1 7980 7974 BP CAP MKTS PLC NOTE - 3.017% 7630 7928 GENERAL MLS INC NOTE - 3.200% 7926 7981 REALTY INCOME CORP NOTE - 3.00 7579 7655 TOYOTA MOTOR CREDIT CORP MTN - 7752 7820 ECOLAB - 2.700% - 11/01/2026 7775 7669 NEWMONT MINING CORP NT - 3.500 8985 9188 BANK AMER CORP FR - 4.200% - 0 8986 9479 AT&T INC BOND - 3.400% - 05/15 8818 8848 CITIGROUP INC - 4.300% - 11/20 8857 9412 FEDEX CORP - 3.200% - 02/01/20 8924 9115 INTERNATIONAL PAPER - 3.800% - 8946 9325 MCKESSON CORP - 2.850% - 03/15 8819 8969 STAMPS.COM INC 232 564 LITTELFUSE, INC 802 791 ALPHABET INC CL A 3613 5267 CHILDREN'S PLACE 666 872 ICU MEDICAL, INC 581 1296 PRICELINE.COM INCORPORATED 6351 10426 EASTGROUP PROPERTIES INC 647 619 COOPER STANDARD HOLDINGS INC 693 858 ADVANCED ENERGY IND INC 512 472 LIGAND PHARMACEUTICALS INC 871 959 META FINANCIAL GROUP, INC 653 649 ESTERLINE CORP 628 598 IBERIABANK CORPORATION 621 620 J2 GLOBAL INC 769 675 POST HOLDINGS INC 489 713 ANIKA THERAPEUTICS INC 453 485 LCI INDUSTRIES 943 1170 NEENAH PAPER INC 578 907 U.S CONCRETE INC 662 837 CANTEL MEDICAL CORPORATION 583 1029 AMERICAN WOODMARK CORP 738 1433 EURONET WORLDWIDE INC 817 927 DAVE AND BUSTERS ENTERTAINMENT 549 607 LIVANOVA PLC 622 879 DCT INDUSTRIAL TRUST INC 526 705 MONOLITHIC POWER SYSTEMS, INC 719 1348 PROOFPOINT INC 666 1066 MEDIDATA SOLUTIONS, INC 848 824 WERNER ENTERPRISES INC 542 541 HEALTHEQUITY INC 682 653 ALPHABET INC CL C 9828 14650 ASPEN TECHNOLOGY, INC 495 993 WINTRUST FINANCIAL CORPORATION 633 1236 DELEK US HLDGS INC 472 524 NATUS MEDICAL INCORPORATED 556 573 NUVASIVE, INC 765 936 INSTALLED BUILDING PRODUCTS IN 852 1215 SILICON MOTION TECHNOLOGY CORP 873 900 BIG LOTS INC (EX CONSOLIDATED 860 955 OTTER TAIL CORP 667 756 EAGLE BANCORP INC 806 984 ASHTEAD GROUP PLC 952 1850 RPC INC 321 460 HEARTLAND FINANCIAL USA, INC. 878 966 MADDEN STEVEN LTD 563 841 AMN HEALTHCARE SERVICES INC 494 887 POLYONE CORP 507 783 BARNES GPOUP INC 943 1202 SELECTIVE INS GROUP INC 719 1115 LYDALL INC 707 964 REGENERON PHARMACEUTICALS INC 8120 7519 SAIA, INC 437 1415 LAKELAND FINANCIAL CORPORATION 551 970 TOOTSIE ROLL INDS INC 668 764 ON ASSIGNMENT, INC 777 1350 METHODE ELECTRONICS, INC 605 842 TIMKEN CO COM 1000 1081 PATRICK IND INC 490 1528 BRYN MAWR BANK CORP 588 1017 NORTHROP GRUMMAN CORP 4304 7366 RYANAIR HOLDINGS PLC-ADR COM 2133 2501 KAO CORP ADR 1595 1690 ORBOTECH LTD 517 1256 AON PLC 2247 3484 SHIRE PLC 4819 4033 G III APPAREL GRP LTD 1038 959 BOTTOMLINE TECHNOLOGIES, INC 752 902 FCB FINANCIAL HOLDINGS INC 956 1321 CONTROL4 CORPORATION 601 774 CANADIAN NATL RAILWAY CO 1711 2228 HILLTOP HOLDINGS 805 709 SOUTH JERSEY INDS INC 672 874 SCHNITZER STEEL INDUSTRIES, IN 708 972 BIOTELEMETRY INC 896 867 HILLENBRAND, INC 760 1296 INTER PARFUMS INC 747 1260 ANHEUSER BUSCH COS INC 3916 3570 WRIGHT MEDICAL GROUP, INC 639 710 COMFORT SYSTEMS USA INC 913 1397 MASTERCARD INC 2818 4995 CHATHAM LODGING TRUST 620 774 INTEGRATED DEVICE TECHNOLOGY I 887 1100 ALIGN TECHNOLOGY, INC 3047 8221 RAYTHEON CO 4529 7138 UNITED COMMUNITY BANKS, INC 901 1069 O'REILLY AUTOMOTIVE INC 9163 9381 MATADOR RESOURCES COMPANY 550 1214 ENTEGRIS INC MINNESOTA 466 1248 CONTL AG SPONS ADR 1714 2209 DBS GROUP HLDGS SPON ADR 2257 3136 JOHNSON & JOHNSON 4486 6148 DEUTSCHE POST AG 1821 2094 NAUTILUS GROUP INC 777 614 FLOTEK INDUSTRIES INC 483 214 SAP AKTIENGESELL ADS 4109 5281 BRANDYWINE RLTY TR 795 873 CVS CAREMARK CORP 4525 3480 INNERWORKINGS, INC 515 481 IMPAX LABS INC 667 799 CALLON PETROLEUM CO 600 620 MEDTRONIC PLC 4234 4118 TELIGENT INC 407 185 NOVARTIS AG ADR 4077 4366 CHEVRON CORP 4466 6635 MODINE MFG CO 397 1091 SONY CORP ADR 1162 2472 TOKYO ELECTRON LTD 1563 2544 EXTREME NETWORKS, INC 714 701 ZOETIS INC 3912 4034 TTM TECHNOLOGIES INC 875 893 SAFRAN SA - UNSPON ADR 1592 1545 CARDINAL HEALTH INC 4989 3737 ABB LTD 1592 1636 GARTNER INC 5135 7512 LOWES COMPANIES INC 4403 5855 QUEST DIAGNOSTICS 4411 6599 SUNCOR ENERGY INC 2118 2534 DOLLAR TREE INC 5734 7404 KOMATSU LTD 1017 2500 RYOHIN KEIKAKU 2782 4318 OCCIDENTAL PETROLEUM CORP 4527 5156 ROYAL DUTCH SHELL CL A 3376 4736 FANUC LIMITED UNSPONSORED 1167 1755 DOLLAR GENERAL CORP 6046 6883 EDISON INTL 4483 4680 ALLSTATE CORP 4463 7958 BRITISH AMERICAN TOBACCO PLC 4249 5225 CELGENE CORP 8436 8349 EQUITY RESIDENTIAL PPTYS TR 5197 5229 UNILEVER PLC AMER 3536 4593 WASTE MANAGEMENT INC 4361 7249 WOLTERS KLUWER S/ADR 2906 4383 MARSH AND MCLENNAN COMPANIES I 4452 7000 MAKITA CORP 2452 3631 EXPRESS SCRIPTS HOLDING CO 6213 6494 MERCK & CO INC 4528 4952 INFORMA PLC SPONSORED ADR 1606 1730 FACEBOOK INC 9399 15881 ADOBE SYSTEMS, INC 8627 15947 BHP BILLITON LIMITED 2161 4231 CONVATEC GROUP PLC UNSP ADR 1578 1040 VERIZON COMMUNICATIONS 4609 4975 MICHELIN CIE GEN UNSP/ADR 2425 2690 STATOIL ASA ADS 1596 2035 NESTLE S.A 7054 8339 ACCENTURE PLC 11058 15615 MICROSOFT CORP 7490 8811 AUTOMATIC DATA PROCESSING INC 8898 12422 DOWDUPONT INC 4374 7549 VALEO SA SPONS ADR 2655 4033 MONDELEZ INTERNATIONAL INC 4710 4879 ABBOTT LABS 5214 6620 VISA INC 8514 13568 PRUDENTIAL PLC SC 4539 6094 TELENOR ASA 2020 2567 FRESENIUS SE S ADR 2036 2370 ABN AMRO BANK NV UNSP ADR 1890 1974 RELX PLC 2143 2939 BANK NEW YORK MELLON CORP COM 4495 6786 AT&T, INC 4490 4899 CONOCOPHILLIPS 4691 7026 ARCHER DANIELS MDLND 4473 5291 NORDEA BANK AB SPON ADR 1804 1611 BB&T CP 4483 7011 DAIWA HOUSE IND LTD 3808 5567 CALRSBERG AS SP ADR REP B 2550 3540 PFIZER INC 4532 5361 HALLIBURTON COMPANY 4549 7526 KDDI CP UNSP ADR 2027 1942 SAMPO PLC UNSPONSORED ADR 3715 4424 INTEL CORP 4838 7478 CA INC 4597 5491 COMPASS GROUP PLC ADR 2970 3623 VINCI SA ADR 2826 4259 STARBUCKS CORP COM 10101 10050 COMPAGNIE FINANCIERE RICHEMONT 1136 1577 CISCO SYSTEMS INC 4443 7239 NIKE INC-CL B 11401 11947 RED ELECTRICA DE ESPANA SA 2446 2674 ORACLE CORP 13233 16595 MARATHON OIL CORP COM 3266 6061 KON KPN NV SPON ADR REP 1 ORD 1400 1271 ASSA ABLOY UNSP/ADR 4078 4066 FERGUSON PLC 2030 2918 SUMITOMO MITSUI FINCL GRP 3021 3824 MATTHEWS INDIA FUND 20608 24966 HARDING LOEVNER FRNT EMG MKT I 11876 16316 PRUDENTIAL SHORT DURATION HIGH 19691 20117 PRINCIPAL FDS, INC. MIDCAP FD 49749 71903 MAINSTAY CUSHING MLP PREMIER F 43756 36389 MAINSTAY HIGH YIELD CORPORATE 19691 22027 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 $549,740. This amount represents over 25% of the Foundation's net assets of $1,991,714 (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 12317 12317 Bank Charges 164 164 State or Local Filing Fees 25 25 Interest Income from Note receivable 11829 11829 FRIENDS OF NWCS LLC 291087 0 Investment Management Services 11978 11978 990-PF Estimated Tax for 2017 600 990-PF Extension for 2016 504