2017-05-05T14:27:54-05:00 2016-12-31 Foundation Source One Hollow Ln Ste 212 Lake Success NY 11042 990PF 2016-01-01 208038153 Raffi & Nina Festekjian Foundation % Foundation Source RAFF 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 RAFFI FESTEKJIAN president 8008391754 2017-05-01 true Jeffrey D Haskell P01345770 8008391754 24.187.244.114 06391520171255000063 2017-05-05 P 9D59D74B225D538E4555D08F8D8ED29667824494 0B775BB9C0E0C9DA339247063A24C50179569C8E 2016 2021-01-29 14:40:06Z X 126387 X 52369 1 1 191 191 -83750 142803 0 -31189 192 0 791 791 5043 18 5025 5834 809 5025 78650 78650 84484 809 83675 -115673 0 41 10921 10921 144517 117964 115466 100000 244558 128885 126387 0 0 X 244558 128885 244558 128885 244558 128885 244558 -115673 128885 128885 Publicly-traded Securities 142803 226553 -83750 -83750 -83750 false 91475 174215 0.52507 169253 230559 0.734098 72207 263681 0.273842 54069 251854 0.214684 167034 305268 0.547172 2.294866 0.458973 133996 61501 0 61501 83675 X 0 0 0 250 250 250 250 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 Raffi Festekjian Foundation Source 501 Silverside Rd Wilmington DE 198091377 Pres / Dir / Sec 1.0 0 0 0 122551 13486 0 136037 0 136037 2041 133996 6700 6700 0 0 6700 6700 6700 83675 0 0 0 0 83675 0 83675 6700 2014 2013 2012 152313 41719 59381 158409 82764 494586 83675 6700 76975 571561 0 152313 419248 41719 59381 158409 82764 76975 Raffi Festekjian X ARMENIAN AMERICAN MEDICAL SOCIETY OF CALIFORNIA IN PO BOX 32 GLENDALE CA 91209 N/A PC General & Unrestricted 250 ARMENIAN CHURCH OF THE HOLY TRANSLATORS 38 FRANKLIN ST FRAMINGHAM MA 01702 N/A PC General & Unrestricted 150 ARMENIAN GENERAL BENEVOLENT UNION 55 E 59TH ST NEW YORK NY 10022 N/A PC General & Unrestricted 8000 ARMENIAN GENERAL BENEVOLENT UNION 55 E 59TH ST NEW YORK NY 10022 N/A PC AYB School in Armenia Project 25000 ARMENIAN HERITAGE TRIBUTE AND GENOCIDE MEMORIAL FO 165 PRINCETON AVE WALTHAM MA 02451 N/A PC General & Unrestricted 10500 ARMENIAN INTERNATIONAL WOMENS ASSOCIATION INC 65 MAIN ST STE 3A WATERTOWN MA 02472 N/A PC General & Unrestricted 2500 ARMENIAN MISSIONARY ASSOC OF AMER INC 31 W CENTURY RD PARAMUS NJ 07652 N/A PC General & Unrestricted 500 CHILDREN OF ARMENIA FUND INC 149 5TH AVE STE 500 NEW YORK NY 10010 N/A PC General & Unrestricted 11000 HOLY TRINITY ARMENIAN APOSTOLIC CHURCH OF GREATER 145 BRATTLE ST CAMBRIDGE MA 02138 N/A PC General & Unrestricted 300 HOMENETMEN INC 47 NICHOLS AVE WATERTOWN MA 02472 N/A PC General & Unrestricted 1450 NATIONAL ASSOCIATION FOR ARMENIAN STUDIES AND RESE 395 CONCORD AVE BELMONT MA 02478 N/A PC General & Unrestricted 1000 ST STEPHENS ARMENIAN APOSTOLIC CHURCH OF GREATER B 38 ELTON AVE WATERTOWN MA 02472 N/A PC General & Unrestricted 6000 TEKEYAN CULTURAL ASSOCIATION INC 755 MOUNT AUBURN ST WATERTOWN MA 02472 N/A PC Armenian Mirror Spectator Division 2000 VEM USA INC 2858 PINELAWN DR LA CRESCENTA CA 91214 N/A PC General & Unrestricted 10000 78650 14 1 14 191 18 -83750 -83558 -83558 false false false false false false false false false false X X 1 Festekjian Raffi 4 McCall Road Winchester MA 01890 52369 X CITIGROUP INC 17964 20266 SP500 LINKED ISSUER HSBC 100000 95200 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 $78,650. This amount represents over 25% of the Foundation's net assets of $157,569 (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 Bank Charges 18 18 State or Local Filing Fees 25 25 Investment Management Services 791 791