2016-11-08T14:09:51-06:00 2015-12-31 Foundation Source One Hollow Ln Ste 212 Lake Success NY 11042 990PF 2015-01-01 455288107 Kenneth and Jean Watson Fund % Foundation Source KENN 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 WILLIM W THORSNESS president 8008391754 2016-10-27 true Jeffrey D Haskell P01345770 8008391754 2015 2017-02-10 21:41:12Z X 1313556 X 0 X 167 167 32638 32638 -42454 969298 0 -9649 32805 0 15353 2688 0 12685 20994 20994 671 11681 30 11651 48699 23712 0 24336 60000 60000 108699 23712 0 84336 -118348 9093 74894 152752 152752 1386773 1190567 1160804 1461667 1343319 1313556 0 X 1461667 1343319 1461667 1343319 1461667 1343319 1461667 -118348 1343319 1343319 Publicly-traded Securities 969298 1011752 -42454 -42454 -42454 false 71390 1470767 0.048539 21900 1413986 0.015488 7598 868739 0.008746 0 0 0.0 0 0 0.0 0.072773 0.024258 1394559 33829 91 33920 84336 X 91 91 91 80 80 11 false false false false true false false true true DE IL 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 William W Thorsness Foundation Source 501 Silverside Rd Wilmington DE 198091377 Pres / Dir / Sec / Treas 2.0 0 0 0 1328603 87193 0 1415796 0 1415796 21237 1394559 69728 69728 91 91 69637 69637 69637 84336 0 0 0 0 84336 91 84245 69637 67606 2013 2012 2011 84336 67606 16730 0 0 52907 0 0 NONE X HILLSDALE COLLEGE 33 E COLLEGE ST HILLSDALE MI 49242 N/A PC Hillsdale College's PRAXIS Lecture Series Program 10000 TRINITY CHRISTIAN COLLEGE ASSOCIATION 6601 W COLLEGE DR PALOS HEIGHTS IL 60463 N/A PC Trinity Christian College's program in partnership with By The Hand Club For Kids 50000 60000 14 167 14 32638 18 -42454 -9649 -9649 false false false false false false false false false false William W Thorsness *WILLIAM W THORSNESS, PRESIDENT OF THE KENNETH AND JEAN WATSON FUND (THE "FOUNDATION"), IS A PARTNER AT THE LAW FIRM LILLIG & THORSNESS, LTD, A DISQUALIFIED PERSON WITH RESPENCT TO THE FOUNDATION, WHICH PROVIDES LEGAl SERVICES TO THE FOUNDATION. IN THE TAXABLE YEAR ENDING DECEMBER 31, 2015, THE FOUNATION PAID $15,353 FOR LEGAL SERVICES RENDERED BY SUCH DISQUALIFIED PERSON AS REPORTED IN PART I, LINE 16A. SUCH ADVISORY FIRM BILLED THE FOUNDAITON AT THE SAME RATE OR BELOW THE RATE It charges its other clients. 3M CO 13853 14612 ADOBE SYSTEMS, INC 7246 9488 AFFILIATED MANAGERS GROUP 9718 7988 ALPHABET INC CL A 7150 10114 AMAZON 3666 8111 AMERICAN BEACON SIM HIGH YIELD 47399 42250 AMERICAN CENTURY DIVERSIFIED B 44924 44136 AMERICAN TOWER REIT INC 7019 7368 ANADARKO PETROLEUM CORP 10267 6558 APPLE INC 4028 6000 AUTOMATIC DATA PROCESSING INC 12070 14572 AUTOZONE INC 6077 5935 AVAGO TECHNOLOGIES LIMITED 4798 8128 BLACKROCK MULTI-ASSET INCOME I 47434 45525 C H ROBINSON WORLDWIDE INC 15618 13210 CELGENE CORP 6660 7066 COGNIZANT TECHNOLOGY SOLUTIONS 6692 5882 COHEN & STEERS PREFRRD SECS & 43081 42304 COLUMBIA FDS SRS TR I STRATEGI 67386 66905 CONSUMER DISCRETIONARY SELECT 21070 24230 COSTCO WHOLESALE CORPORATION 7030 9529 DANAHER CORP 8234 9381 DAVIS FINANCIAL FD INC CL Y 45079 43020 DELAWARE DIVERSIFIED INCOME FD 48137 45347 DEVON ENERGY CORPORATION 5626 4480 DOVER CORP 16702 14101 DWS INTERNATIONAL FD DWS INTER 30227 25520 EATON VANCE FLOATING RATE ADVA 24855 22482 EXPRESS SCRIPTS HOLDING CO 6607 7430 FACEBOOK INC 6142 6070 FEDEX CORPORATION 9144 7896 FINANCIAL SEL SPDR 15890 15609 FIRST TRUST DOW JONES INTERNET 5057 6193 FIRST TRUST ISE CLOUD COMPUTIN 5169 5557 GOLDMAN SACHS INTL SMALL CAP I 17535 18107 GOLDMAN SACHS S/M CAP GTH - IS 26291 24282 HD SUPPLY HLDGS INC 6897 6036 HONEYWELL INTL 6112 7146 INVESCO INTERNATIONAL GROWTH F 23741 22522 ISHARES NASDAQ BIOTECHNOLOGY 7894 7782 JOHNSON & JOHNSON 13152 15100 LINEAR TECHNOLOGY CORP 14287 13973 LORD ABBETT INVESTMENT TRUST S 46383 44307 LYONDELLBASELL INDUSTRIES NV 5587 5735 MANAGERS FUNDS 45734 43716 MICROSOFT CORP 10858 13537 MONDELEZ INTERNATIONAL INC 7376 8789 MYLAN NV 6292 6542 PARKER HANNIFIN CP 16191 14159 PAYCHEX 12188 13593 QUALCOMM INC 18202 13146 RAYTHEON CO 11892 14072 SALESFORCE.COM 5362 6664 SCHLUMBERGER LTD 8198 5999 SELECT SECTOR SPDR-HEALTH CARE 26907 28596 STARBUCKS CORP COM 6269 6063 STERICYCLE INC 8281 7236 TEMPLETON GLOBAL BD 25474 22053 THERMO FISHER SCIENTIFIC INC 7114 8653 UNION PACIFIC 16184 12590 UNITED TECHNOLOGIES CORP 16638 14987 VANGUARD CONSUMER STAPLES ETF 16452 17037 VANGUARD ENERGY ETF 27404 18536 VANGUARD INDUSTRIALS ETF 38761 36472 VANGUARD INFORMATION TECHNOLOG 34589 36385 VANGUARD MTRL ETF 7001 6028 WAL-MART STORES INC 17698 13793 WALT DISNEY HOLDINGS CO 5528 6935 ZOETIS INC 6040 7236 General Consultations 15353 2688 12685 Administrative Fees 10732 10732 Bank Charges 30 30 Indemnification Insurance 894 894 State or Local Filing Fees 25 25 Investment Management Services 20994 20994 990-PF Excise Tax for 2014 671