2025-11-04T14:27:43-06:00 2024-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2024-01-01 833743765 Rector Family Foundation % Foundation Source RECT 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 Anne Sambyal Treasurer 8008391754 2025-11-03 true true Jeffrey D Haskell P01345770 8008391754 2024 2025-03-06 01:10:19Z X 7613057 X 1546397 62929 62929 154950 154950 255194 2714160 559240 2019470 777119 56160 56160 4534 4534 3415 3415 9024 3383 3383 27265 27265 103781 3415 91342 356500 356500 460281 3415 447842 1559189 773704 0 1996299 1646788 1646788 1290 1194495 1259701 1261594 2586203 3417830 3590633 108505 1121662 1114042 5886792 7445981 7613057 0 0 X 5886792 7445981 5886792 7445981 5886792 7445981 5886792 1559189 7445981 7445981 Publicly-traded Securities 2714160 2154920 559240 559240 559240 10754 10754 10754 2600 0 8400 11000 X 0 246 246 false false false false false false false true true DE IN true false false false false true Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 false false false false true false false false false false false false false false false false false false false false false false Aaron Rector Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 April Rector Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Sec 1.0 0 0 0 Christian Rector Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 Curtis Rector Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres 1.0 0 0 0 Julia Rector Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 Anne Sambyal Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Treas 20.0 56160 0 0 Troy Sambyal Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 5098729 1292384 0 6391113 0 6391113 95867 6295246 314762 314762 10754 10754 304008 304008 304008 447842 0 0 0 0 447842 304008 30798 39003 65533 135334 447842 304008 143834 279168 0 279168 30798 39003 65533 143834 April Rector Curtis Rector X CHRIS CENTER INC PO BOX 500 CARMEL IN 46082 N/A PC General & Unrestricted 50000 GRASS ROOTS-FROM THE PEOPLE FOR THE PEOPLE INC PO BOX 106 PEWAUKEE WI 53072 N/A PC Funds for Construction of Angel House Primary School 30000 HOLLIDAY PARK FOUNDATION INC 6363 SPRING MILL RD INDIANAPOLIS IN 46260 N/A SO III FI Holliday Park Playground 25000 HOLY CROSS LUTHERAN CHURCH 8115 OAKLANDON RD INDIANAPOLIS IN 46236 N/A PC Above and Beyond Building Fund 75000 LOVE LUCAS INC PO BOX 17521 INDIANAPOLIS IN 46217 N/A PC General & Unrestricted 1500 PROJECT ROUJ CORPORATION 5835 MUSCADINE WAY ZIONSVILLE IN 46077 N/A PC General & Unrestricted 100000 WESTERN NORTH CAROLINA ANNUAL CONFERENCE OF THE UN PO BOX 2757 HUNTERSVILLE NC 28070 N/A PC Funds to Support local Church's and families effected by Hurricane Helene 75000 356500 14 62929 14 154950 18 255194 473073 473073 false false false false false false false false false false X X 1 Rector Curtis 11911 Promontory Ct Indianapolis IN 46236 1546397 X 1 SPDR S&P 500 ETF TRUST SPY, 2550 sh. 1546397 2024-12-04 ADVOCATE HEALTH &HOSPS CORP SE 34043 33838 BON SECOURS MERCY HEALTH INC - 49191 49953 CENTERPOINT ENERGY - 6.950% - 35582 34217 CHILDRENS HEALTH SYS TEX SER 2 72993 72309 CHRISTUS HEALTH SER 2018C BOND 29502 30058 COMMONSPIRIT HEALTH SER 2024A 64328 64750 DECATUR CNTY IND SCH BLDG CORP 31008 30437 FEDERAL FARM CR BKS BOND - 4.5 45450 44777 IDEANOMICS INC - 4.950% - 09/0 44967 44805 IMPERIAL CNTY CALIF PENSION FD 67451 66215 INDIANA ST HSG & CMNTY DEV AUT 55004 55289 MC KEESPORT PA AREA SCH DIST - 49395 49286 MERCY HEALTH SER - 4.302% - 07 49009 48909 NEW HOPE CULTURAL ED FACS FIN 41539 41683 NORTH CAROLINA HSG FIN AGY - 0 50005 50401 NY PRESBYTERIAN HOSP - 3.563% 60946 58311 ONTARIO CALIF INTL ARPT AUTH R 63830 64667 PEORIA & FULTON CNTYS ILL CMNT 40010 40350 SALES TAX SECURITIZATION CORP 61369 59998 SSM HEALTH CARE CORP SER 2023 45406 44857 SUMTER LANDING CMNTY DEV - 4.3 29756 29300 SUTTER HEALTH BOND CALL MAKE - 44960 44662 UNIVERSITY HOUSTON TEX UNIV RE 55918 54970 PRUDENTIAL JENNISON INTL OPP 255285 236617 CAUSEWAY INTERNATIONAL VALUE F 219774 240237 FIDELITY INTERNATL INDEX INSTL 460915 440803 INVESCO S&P 500 EQUAL WEIGHT E 345716 480130 ISHARE SP SMALL CAP 600 INDEX 297945 368819 ISHARES CORE MSCI EMERGING MAR 205902 219324 ISHARES TR S & P MIDCAP 400 IN 259782 275722 SPDR S&P 500 ETF TRUST 1107956 1070768 VANGUARD SHORT TERM CORPORATE 264555 258213 1259701 1261594 Administrative Fees 27240 27240 State or Local Filing Fees 25 25 Investment Management Services 3415 3415 We respectfully request that Rector Family Foundation's quarterly estimated taxes for taxable year ending December 31, 2024 be treated as timely and request that the $11 penalty indicated on Form 2220 be abated because the underpayments in 2024 were due to reasonable cause. Treasury Regulations Sec 301.6651-1(c)(1) defines reasonable by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to calculate its quarterly estimates for tax period ending December 31, 2024. The firm was unable to reconcile the Foundation's accounts fully in order to calculate the necessary estimated tax payments for 2024 based on the annualization method. The underpayment was no fault of the foundation's and the firm is enhancing its procedures to improve its reconciliation process for future quarters. We believe that the underpayment was due to reasonable cause and in no way due to an intentional disregard for the rules, and respectfully request that no 2220 penalty be assessed. 990-PF Estimated Tax for 2024 2600 990-PF Excise Tax for 2023 6424