2015-07-29T12:40:50-05:00 2014-12-31 Foundation Source One Hollow Ln Ste 212 Lake Success NY 11042 990PF 2014-01-01 455288107 Kenneth and Jean Watson Fund % Foundation Source KENN 8008391754 Foundation Source 501 Silverside Rd Suite 123 Wilmington DE 198091377 william w thorness president 8008391754 2015-07-06 true Jeffrey D Haskell P01345770 8008391754 2014 2016-02-25 16:41:14Z X 1466581 X 23 X 116 116 46804 46804 109200 1548683 109200 156143 156120 11880 0 0 11880 18847 18847 993 123 10946 65 10881 42666 19035 0 22761 50000 50000 92666 19035 0 72761 63477 137085 70367 74894 74894 1327823 1386773 1391687 1398190 1461667 1466581 0 X 1398190 1461667 1398190 1461667 1398190 1461667 1398190 63477 1461667 1461667 Publicly-traded Securities 1548683 1439483 109200 109200 109200 false 21900 1413986 0.015488 7598 868739 0.008746 0 0 0.0 0 0 0.0 0 0 0.0 0.024234 0.012117 1470767 17821 1371 19192 72761 X 1371 1371 1371 700 671 1371 X false false false false false false false 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 William W Thorsness Foundation Source 501 Silverside Rd Wilmington DE 198091377 Pres / Dir / Sec 2.0 0 1410707 82457 0 1493164 0 1493164 22397 1470767 73538 73538 1371 1371 72167 72167 72167 72761 0 0 0 0 72761 1371 71390 72167 68200 2012 2011 2010 72761 68200 4561 0 0 67606 0 0 NONE X 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 50000 14 116 14 46804 18 109200 156120 156120 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, 2014, the founation paid $11,880 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 10325 12817 ACTAVIS PLC 9174 9782 ADOBE SYSTEMS, INC. 9183 9306 AFFILIATED MANAGERS GROUP 9051 9763 AMAZON COM 6722 6828 AMERICAN TOWER REIT INC 8184 8995 ANGEL OAK MULTI-STRATEGY INCOM 24055 24011 APPLE INC. 4440 7064 AUTOMATIC DATA PROCESSING INC. 7771 11922 AVAGO TECHNOLOGIES LIMITED 6854 8047 BLACKROCK GLOBAL LONG/SHORT CR 47998 45839 BLACKROCK MULTI-ASSET INCOME I 46246 47505 BORG WARNER INC. 6871 6704 C H ROBINSON WORLDWIDE INC. 12106 12582 CABOT OIL & GAS CORP 9776 8883 CATERPILLAR INC. 7004 6224 CELGENE CORP 6987 6935 CONSUMER DISCRETIONARY SELECT 55188 58586 COSTCO WHOLESALE CORPORATION 8103 9639 DANAHER CORP 9131 9600 DELAWARE DIVERSIFIED INCOME FD 48326 47703 DICK'S SPORTING GDS 6899 7398 DOVER CORP 12111 10686 DU PONT DE NEMOURS 11478 12718 EATON VANCE FLOATING RATE ADVA 24576 23739 EMERSON ELECTRIC CO. 12090 11482 EXPRESS SCRIPTS HOLDING CO. 6831 7451 EXXON MOBIL CORP 11544 11649 FEDEX CORPORATION 9144 9204 FINANCIAL SEL SPDR 35242 35859 FIRST TRUST DOW JONES INTERNET 10541 10608 FIRST TRUST ISE CLOUD COMPUTIN 10589 10783 GENUINE PARTS COMPANY 12077 12895 GOLDMAN SACHS STRAT INC-INSTIT 48209 47262 GOOGLE INC CL A 9378 9021 HARTFORD WORLD BOND FUND CL I 24142 23464 HONEYWELL INTERNATIONAL INC. 6334 7194 ISHARES NASDAQ BIOTECHNOLOGY 15645 16078 JOHNSON & JOHNSON 8453 11712 LINEAR TECHNOLOGY CORP 12100 12722 LORD ABBETT INVESTMENT TRUST S 24850 23823 MANAGERS FUNDS 23814 23843 MICROSOFT CORPORATION 12083 11520 MONDELEZ INTERNATIONAL INC 9179 8792 MONSANTO CO 6027 7049 NEUBERGER BERMAN ABSOLUTE RETU 48664 47217 NEUBERGER BERMAN STRAT INC-I 48690 47457 NOBLE ENERGY INC. 6902 5834 NORFOLK SOUTHERN CORP 12058 11399 NORTHROP GRUMMAN CORP 12047 12970 PAYCHEX INC COM 12099 11820 PRECISION CASTPARTS 9060 9635 PROCTER GAMBLE CO 11104 12388 QUALCOMM INC 12190 12413 RAYTHEON CO. 12068 12548 SALESFORCE.COM 6886 6405 SCHLUMBERGER LTD 6861 5979 SELECT SECTOR SPDR-HEALTH CARE 62489 63046 TEMPLETON GLOBAL BD 24343 22615 THERMO FISHER SCIENTIFIC INC 9097 9773 THIRD AVENUE FOCUSED CREDIT FU 20863 17664 TRANSAMERICA EMERGING MARKETS 26208 22938 TWITTER INC 6897 6241 UNITED TECHNOLOGIES CORP 12075 12765 VANGUARD CONSUMER STAPLES ETF 36769 36946 VANGUARD ENERGY ETF 53273 47439 VANGUARD INDUSTRIALS ETF 82812 82250 VANGUARD INFORMATION TECHNOLOG 86510 87762 VANGUARD MTRL ETF 13813 13531 VMWARE INC 10825 9077 WAL-MART STORES INC. 12092 13140 WALT DISNEY HOLDINGS CO. 6367 7347 ZOETIS INC 6880 7401 General Consultations 11880 11880 Administrative Fees 10856 10856 Bank Charges 65 65 State or Local Filing Fees 25 25 Investment Management Services 18847 18847 990-PF Estimated Tax for 2014 700 990-PF Excise Tax for 2013 170 Foreign Tax Paid 123 123