2017-08-22T15:16:28-05:00 2016-12-31 Foundation Source One Hollow Ln Ste 212 Lake Success NY 11042 990PF 2016-01-01 203757530 Hugh E & Marjorie S Petersen Foundation Inc % Foundation Source HUGH 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 LYNNE M TAHMISIAN president 8008391754 2017-08-10 true Jeffrey D Haskell P01345770 8008391754 24.187.244.114 06391520172345000006 2017-08-22 P 6B1EFC400AF5C33D9B3602785388C863E4E2E7C3 259C731B7C7CCB55DA46458F0098BC0D5A2501CB 2016 2021-01-29 14:40:06Z X 35762 X 600000 405 405 0 600405 405 0 5025 5025 5025 0 5025 635500 635500 640525 0 640525 -40120 405 75882 35762 35762 75882 35762 35762 0 0 X 75882 35762 75882 35762 75882 35762 75882 -40120 35762 35762 false 892700 189220 4.717789 365471 188732 1.936455 394871 135425 2.915791 413820 211214 1.959245 445504 247862 1.797387 13.326667 2.665333 81430 217038 4 217042 640525 X 4 4 4 575 575 571 100 471 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 Ruth Kovacs Foundation Source 501 Silverside Rd Wilmington DE 198091377 VP / Dir / Sec 1.0 0 0 0 Sharon Peck Foundation Source 501 Silverside Rd Wilmington DE 198091377 VP / Dir 1.0 0 0 0 Lynne Tahmisian Foundation Source 501 Silverside Rd Wilmington DE 198091377 Pres / Dir 1.0 0 0 0 0 82670 0 82670 0 82670 1240 81430 4072 4072 4 4 4068 4068 4068 640525 0 0 0 0 640525 4 640521 4068 2014 2013 2012 438767 403269 392652 364642 890889 2490219 640525 4068 636457 3126676 0 438767 2687909 403269 392652 364642 890889 636457 NONE X CAMPUS CRUSADE FOR CHRIST INTERNATIONAL 100 LAKE HART DR ORLANDO FL 32832 N/A PC Didier and Donna Heslon Project 5000 CANCER SUPPORT COMMUNITY VALLEY- VENTURA-SANTA BAR 530 HAMPSHIRE RD WESTLAKE VLG CA 91361 N/A PC General & Unrestricted 50000 CHRYSALIS MINISTRIES INC 311 W AVENIDA GAVIOTA SAN CLEMENTE CA 92672 N/A PC General & Unrestricted 2000 FAMILY CARE NETWORK INC 1255 KENDALL RD SAN LUIS OBISPO CA 93401 N/A PC General & Unrestricted 10000 FOODBANK OF SANTA BARBARA COUNTY 4554 HOLLISTER AVE SANTA BARBARA CA 93110 N/A PC End Summer Hunger Program 5000 GRACE COMMUNITY CHURCH 13248 ROSCOE BLVD SUN VALLEY CA 91352 N/A PC General & Unrestricted 10000 HABITAT FOR HUMANITY INTERNATIONAL INC PO BOX 176 GOLETA CA 93116 N/A PC General & Unrestricted 10000 HAGGAI INSTITUTE FOR ADVANCED LEADERSHIP TRAINING 4725 PEACHTREE CORNERS CIR STE 1 NORCROSS GA 30092 N/A PC Training program 12000 HOPE AND HOME 4945 N 30TH ST COLORADO SPRINGS CO 80919 N/A PC General & Unrestricted 1000 INTERVARSITY CHRISTIAN FELLOWSHIP- USA PO BOX 7895 MADISON WI 53707 N/A PC Charles Barker Graduate Fund 6000 JODI HOUSE INC 625 CHAPALA ST SANTA BARBARA CA 93101 N/A PC General & Unrestricted 1000 JUBILEE ECONOMICS MINISTRIES 3512 BENTLEY DR SPRING VALLEY CA 91977 N/A PC Dan Swanson Ministry Fund 12000 JUBILEE ECONOMICS MINISTRIES 3512 BENTLEY DR SPRING VALLEY CA 91977 N/A PC Dan Swanson Ministry Fund 12000 LANGHAM PARTNERSHIP USA INC NFP 580A VALLEY WAY MILPITAS CA 95035 N/A PC General & Unrestricted 15000 MONTECITO COVENANT CHURCH SANTA BARBARA CA 671 COLD SPRINGS RD SANTA BARBARA CA 93108 N/A PC General & Unrestricted 57500 OPPORTUNITY INTERNATIONAL INC 550 W VAN BUREN STE 200 CHICAGO IL 60607 N/A PC Columbia Division 25000 PRISON FELLOWSHIP MINISTRIES 44180 RIVERSIDE PKWY LANSDOWNE VA 20176 N/A PC General & Unrestricted 2000 PROVIDENCE SBCS INC 3723 MODOC RD SANTA BARBARA CA 93105 N/A PC General & Unrestricted 25000 SAMARITANS PURSE PO BOX 3000 BOONE NC 28607 N/A PC General & Unrestricted 1000 SANTA BARBARA RESCUE MISSION 535 E YANONALI ST SANTA BARBARA CA 93103 N/A PC General & Unrestricted 30000 SANTA BARBARA RESCUE MISSION 535 E YANONALI ST SANTA BARBARA CA 93103 N/A PC Mission of Hope Campaign 70000 WESTMONT COLLEGE 955 LA PAZ RD SANTA BARBARA CA 93108 N/A PC Gayle Beebe Internship Program 25000 WESTMONT COLLEGE 955 LA PAZ RD SANTA BARBARA CA 93108 N/A PC End of year Scholarship fund 15000 WESTMONT COLLEGE 955 LA PAZ RD SANTA BARBARA CA 93108 N/A PC Institute for Global Learning and Leadership 145000 WYCLIFFE BIBLE TRANSLATORS INC PO BOX 628200 ORLANDO FL 32862 N/A PC Waller and Mary Tabb Fund 10000 YOUNG LIFE PO BOX 70065 PRESCOTT AZ 86304 N/A PC Gold Coast, CA Division 5000 YOUNG LIFE PO BOX 70065 PRESCOTT AZ 86304 N/A PC Santa Barbara, CA 50 Division 18000 YOUNG LIFE PO BOX 70065 PRESCOTT AZ 86304 N/A PC Caperneum Ministries Training Fund 50000 YOUNG LIFE PO BOX 70065 PRESCOTT AZ 86304 N/A PC Jaime Lisea AF56 Fund 6000 635500 14 405 405 405 false false false false false false false false false false X X 1 Petersen Marjorie S 1114 State Street Suite 243 Santa Barbara CA 93101 600000 X 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, 2016, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $635,500. This amount represents over 25% of the Foundation's net assets of $75,882 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2016. 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 State or Local Filing Fees 25 25