2017-05-05T14:27:56-05:00 2016-12-31 Foundation Source One Hollow Ln Ste 212 Lake Success NY 11042 990PF 2016-01-01 264308958 Richard Desich Foundation % Foundation Source RICH 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 RICHARD DESICH president 8008391754 2017-05-01 true Jeffrey D Haskell P01345770 8008391754 24.187.244.114 06391520171255000110 2017-05-05 P BC971FC33BAF52379132A0473611089A0DAEC697 0B775BB9C0E0C9DA339247063A24C50179569C8E 2016 2021-01-29 14:40:06Z X 2551942 X 1283107 163 163 0 1283270 163 0 403368 5025 403368 0 5025 608200 608200 1011568 0 613225 271702 163 8546 3683 3683 2434810 2711375 2548259 2443356 2715058 2551942 0 0 X 2443356 2715058 2443356 2715058 2443356 2715058 2443356 271702 2715058 2715058 false 746824 2221262 0.336216 505025 1311115 0.385187 505684 1634793 0.309326 506678 1390352 0.364424 504093 967479 0.521038 1.916191 0.383238 2520347 965893 2 965895 613225 3 3 3 96 96 93 93 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 Richard Desich Foundation Source 501 Silverside Rd Wilmington DE 198091377 Pres / Dir / Sec 1.0 0 0 0 0 10469 2548259 2558728 0 2558728 38381 2520347 126017 126017 3 3 126014 126014 126014 613225 0 0 0 0 613225 613225 126014 2014 2013 2012 448789 437167 423945 439471 635763 2385135 613225 126014 487211 2872346 0 448789 2423557 437167 423945 439471 635763 487211 Richard Desich X LORAIN COUNTY COMMUNITY COLLEGE FOUNDATION 1005 ABBE RD N ELYRIA OH 44035 N/A SO III FI Legacy of Leadership Program 50000 LORAIN COUNTY COMMUNITY COLLEGE FOUNDATION 1005 ABBE RD N ELYRIA OH 44035 N/A SO III FI Wave of Knowledge Program 58200 LORAIN COUNTY COMMUNITY COLLEGE FOUNDATION 1005 ABBE RD N ELYRIA OH 44035 N/A SO III FI for the Capital Campaign and various Programs as outlined in the foundation's pledge agreement 500000 608200 14 163 163 163 false false false false false false false false false false X X 1 Desich Richard 260 Dorado Beach Drive Apt 3632 Dorado PR 00646 1283107 X PACIFIC LIFE-POLICY VF51918560 2711375 2548259 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 $608,200. This amount represents over 25% of the Foundation's net assets of $2,230,399 (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 Life Insurance Premium 398343 State or Local Filing Fees 25 25