2016-09-14T13:33:26-05:00 2015-12-31 Foundation Source One Hollow Ln Ste 212 Lake Success NY 11042 990PF 2015-01-01 208038153 Raffi & Nina Festekjian Foundation % Foundation Source RAFF 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 RAFFI FESTEKJIAN PRESIDENT 8008391754 2016-08-31 true Jeffrey D Haskell P01345770 8008391754 2015 2017-02-10 21:41:12Z X 157569 X 40816 1 1 136 136 -21654 5049 0 19299 137 0 1617 1617 5026 1 5025 6643 1618 5025 86450 86450 93093 1618 91475 -73794 0 47132 41 41 171220 144517 42228 100000 100000 115300 318352 244558 157569 0 X 318352 244558 318352 244558 318352 244558 318352 -73794 244558 244558 Publicly-traded Securities 5049 26703 -21654 -21654 -21654 false 169253 230559 0.734098 72207 263681 0.273842 54069 251854 0.214684 167034 305268 0.547172 142802 438220 0.325868 2.095664 0.419133 174215 73019 0 73019 91475 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 160047 16821 0 176868 0 176868 2653 174215 8711 8711 0 0 8711 8711 8711 91475 0 0 0 0 91475 0 91475 8711 2013 2012 2011 120971 152313 41719 59381 158409 532793 91475 8711 82764 615557 0 120971 494586 152313 41719 59381 158409 82764 Raffi Festekjian X ARARAT HOME OF LOS ANGELES INC 15105 MISSION HILLS RD MISSION HILLS CA 91345 N/A PC General & Unrestricted 1000 ARMENIAN ASSEMBLY OF AMERICA INC 734 15TH ST NW STE 500 WASHINGTON DC 20005 N/A PC General & Unrestricted 1750 ARMENIAN CULTURAL ASSOCIATION OF AMERICA INC 80 BIGELOW AVE WATERTOWN MA 02472 N/A PC General & Unrestricted 500 ARMENIAN HERITAGE TRIBUTE & GENOCIDE MEMORIAL FDN 165 PRINCETON AVE WALTHAM MA 02451 N/A PC General & Unrestricted 5000 ARMENIAN SISTERS ACADEMY 440 UPPER GULPH RD RADNOR PA 19087 N/A PC General & Unrestricted 250 CHILDREN OF ARMENIA FUND INC 149 5TH AVE STE 500 NEW YORK NY 10010 N/A PC General & Unrestricted 10000 HOMENETMEN INC 47 NICHOLS AVE WATERTOWN MA 02472 N/A PC General & Unrestricted 1000 NOBLE AND GREENOUGH SCHOOL 10 CAMPUS DR DEDHAM MA 02026 N/A PC Nobles 2015 First Class Fund for Faculty Campaign 500 PROJECT SAVE ARMENIAN PHOTOGRAPH ARCHIVES INC PO BOX 236 WATERTOWN MA 02471 N/A PC General & Unrestricted 1000 SOCIETY FOR ORPHANED ARMENIAN RELIEF 150 N RADNOR CHESTER RD STE F200 WAYNE PA 19087 N/A PC General & Unrestricted 450 ST MARY ARMENIAN APOSTOLIC CHURCH 4125 FESSENDEN ST NW WASHINGTON DC 20016 N/A PC General & Unrestricted 40000 THE ARMENIAN APOSTOLIC CHURCH OF AMERICA INC 138 E 39TH ST NEW YORK NY 10016 N/A PC General & Unrestricted 15000 YERAZART INC 32 WARWICK RD WATERTOWN MA 02472 N/A PC General & Unrestricted 10000 86450 14 1 14 136 18 -21654 -21517 -21517 false false false false false false false false false false X X 1 Festekjian Raffi 4 McCall road Winchester MA 01890 27000 X 2 The Raffi Festekjian Family Trust 1 Schoolhouse Ln Lexington MA 02421 13816 X BANK AMER CORP LEVERAGED - 0.0 100000 115300 CITIGROUP INC 144517 42228 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, 2015, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $86,450. This amount represents over 25% of the Foundation's net assets of $212,356 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2015. 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 1 1 State or Local Filing Fees 25 25 Investment Management Services 1617 1617