2025-11-17T10:28:31-06:00 2024-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2024-01-01 813855993 Jay and Sarah Flatley Foundation % Foundation Source JAYA 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 SARAH FLATLEY CO-PRESIDENT 8008391754 2025-11-14 true true Jeffrey D Haskell P01345770 8008391754 2024 2025-03-06 01:10:19Z X 35874603 X 0 X 16783 16783 423520 423520 1096778 4798083 1096778 51040 50528 1588121 1587609 0 127026 127026 24232 10232 95148 25027 67531 246406 162285 67531 1477500 1477500 1723906 162285 1545031 -135785 1425324 0 403723 435584 435584 1136 1136 1136 1194347 1345438 1304993 15758574 14129650 20710855 2378476 3105903 3352957 6797280 7393373 10069078 26532400 26411084 35874603 18509 32978 18509 32978 X 26513891 26378106 26513891 26378106 26532400 26411084 26513891 -135785 26378106 26378106 Publicly-traded Securities 4798083 3701305 1096778 1096778 1096778 19812 19812 19812 9759 0 9700 19459 X 0 353 false false false false false false false true true DE true false false false true 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 false Jay Flatley Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Co- Pres, Sec, Treas 1.0 0 0 0 Sarah Flatley Foundation Source 501 Silverside Rd Wilmington DE 198091377 Co- Pres, Dir 1.0 0 0 0 GOLDMAN SACHS & CO LLC 10100 SANTA MONICA BLVD LOS ANGELES CA 90067 Investment Mgmt 127026 Foundation Source 55 Walls Drive STE 302 Fairfield CT 06824 Administrative 67506 24843076 595120 9969618 35407814 0 35407814 531117 34876697 1743835 1743835 19812 19812 1724023 1724023 1724023 1545031 0 0 0 0 1545031 1724023 1509004 1545031 1509004 36027 0 0 1687996 0 0 Jay Flatley Sarah Flatley X CENTER FOR AMERICAN GREATNESS INC 3104 E CAMELBACK RD 907 PHOENIX AZ 85016 N/A PC General & Unrestricted 50000 CLAREMONT-MCKENNA COLLEGE 400 N CLAREMONT BLVD CLAREMONT CA 91711 N/A PC Robert Day Sciences Center, Jay '74 and Sarah Flatley Classroom 200000 CLAREMONT-MCKENNA COLLEGE 400 N CLAREMONT BLVD CLAREMONT CA 91711 N/A PC Class of 1974 Endowed Scholarship fund and the Class of 1974 Annual Speakers Program 2500 GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANA 200 WEST ST 15TH FLOOR NEW YORK NY 10282 N/A PC General & Unrestricted 500000 SALK INSTITUTE FOR BIOLOGICAL STUDIES 10010 N TORREY PINES RD LA JOLLA CA 92037 N/A PC Symphony at Salk 50000 SALK INSTITUTE FOR BIOLOGICAL STUDIES 10010 N TORREY PINES RD LA JOLLA CA 92037 N/A PC to support neurology research and to the building fund 250000 SCRIPPS HEALTH PO BOX 2669 LA JOLLA CA 92038 N/A PC toward Scripps cardiac and to general Scripps Health 50000 STANFORD UNIVERSITY PO BOX 20466 STANFORD CA 94309 N/A PC General & Unrestricted 25000 TEXAS CHRISTIAN UNIVERSITY TCU BOX 297011 FORT WORTH TX 76129 N/A PC to Athletic Performance Center and to School of Nursing 175000 U C SAN DIEGO FOUNDATION 9500 GILMAN DR MC 0940 LA JOLLA CA 92093 N/A PC Moore's Cancer Center 100000 U C SAN DIEGO FOUNDATION 9500 GILMAN DR MC 0940 LA JOLLA CA 92093 N/A PC Alzheimer's research 50000 UNIVERSITY OF SOUTHERN CALIFORNIA 1150 SOUTH OLIVE ST 25TH FL LOS ANGELES CA 90015 N/A PC General & Unrestricted 25000 1477500 14 16783 14 423520 18 1096778 K-1 Inc/Loss 525990 512 14 46630 PFIC INCOME FROM VINTAGE VIII OFFSHORE 14 3898 512 1587609 1588121 false false false false false false false false false false FORM 8865 FORM 8865 THE FOUNDATION HAS PREPARED THIS FORM TO THE BEST OF ITS ABILITY BASED ON THE LIMITED INFORMATION PROVIDED TO IT BY THE INVESTMENT ON WHICH THE FOUNDATION IS REPORTING AND ON THE BASIS OF HAVING RECEIVED NO INFORMATION TO THE CONTRARY. ANY MISSING OR INCOMPLETE INFORMATION IS DUE TO THE FOUNDATION'S INABILITY TO OBTAIN SUCH INFORMATION AND IS NOT A WILLFUL ATTEMPT TO WITHHOLD SUCH INFORMATION. form 926 form 926 The Foundation has prepared this form to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information. 3M CO SER F - 3.375% - 03/01/2 34447 34899 AIR LEASE CORP NOTE CALL - 3.2 35609 34900 BANK MONTREAL MEDIUM - 5.510% 15821 15235 BANK NEW YORK MELLON CORP - 4. 26974 26792 BANK NOVA SCOTIA B C - 4.400% 48051 47509 BANK OF AMERICA CORP - 0.000% 31785 31657 BAT CAPITAL CORP NOTE - 3.215% 39000 38014 BAXTER INTL INC - 2.272% - 12/ 17998 18927 BK OF AMERICA CORP SER M - 3.9 15621 15517 BRISTOL-MYERS - 5.750% - 02/01 26485 26009 BROADCOM CORP/BROADCOM CAYMAN 26957 24611 BUNGE LTD FIN CORP NOTE CALL M 39998 39241 CAPITAL ONE FINL CORP - 4.927% 22365 22924 CAPITAL ONE FINL CORP NT - 1.8 21371 22675 CITIGROUP INC NOTE - 3.668% - 37774 33902 COMCAST CORP - 2.650% - 02/01/ 20961 21496 COMCAST CORP NOTE - 3.550% - 0 21969 23039 COMERICA INC NOTE - 4.000% - 0 21749 21811 CONSTELLATION BRANDS, INC - 4. 22950 19779 CVS HEALTH CORP NOTE - 5.125% 11991 11749 DISNEY WALT CO - 2.000% - 09/0 10352 10674 DOMINION ENERGY INC SER B NOTE 31262 27466 FOX CORP SER B - 4.709% - 01/2 29278 28663 GENERAL MOTORS CO - 5.000% - 1 26383 22893 HORMEL FOODS CORP NOTE CALL - 13647 13592 INTEL CORP NOTE CALL MAKE WHOL 34994 36167 INTERCONTINENTAL EXCHANGE INC 34229 36307 JP MORGAN CHASE - 0.000% - 03/ 550000 651420 JP MORGAN CHASE - 0.000% - 04/ 659999 707125 JP MORGAN CHASE - 0.000% - 09/ 549999 667535 JPMORGAN CHASE & CO - 2.005% - 49000 48717 KIMCO REALTY CORP NOTE CALL MA 45795 42022 LOWES COS INC - 1.300% - 04/15 35023 37538 MCKESSON CORP - 4.250% - 09/15 17753 17594 MORGAN STANLEY - 1.512% - 07/2 42857 46575 MPLX LP - 4.000% - 02/15/2025 38867 36954 NISOURCE - 0.950% - 08/15/2025 36908 36090 ORACLE CORP NOTE - 3.250% - 11 26487 24042 PIEDMONT NATURAL GAS - 3.500% 12005 12253 PNC FINL - 5.582% - 06/12/2029 13546 13226 PUBLIC STORAGE NOTE - 3.385% - 28208 28303 SMUCKER JM CO - 3.375% - 12/15 20338 20340 SUMITOMO MITSUI FIN GROUP INC 12049 12540 SUMITOMO MITSUI FINANCIAL GROU 10970 11646 TOTAL CAPITAL - 3.455% - 02/19 18658 19054 TOYOTA MOTOR CREDIT CORP - 4.5 32219 31621 TRANSCANADA PIPELINE - 4.250% 34705 30261 TRUIST FINL CORP SER H NOTE - 38305 38164 U S BANCORP - 3.000% - 07/30/2 24318 24744 UNITEDHEALTH GROUP INC - 2.000 41772 43109 WELLS FARGO - 3.550% - 09/29/2 46101 45636 ADOBE SYSTEMS, INC 42827 41800 ADYEN N.V. 15749 14821 AERCAP HOLDING N.V 33037 60100 AIA GROUP LTD ADR 19426 14496 ALCOA INC 33050 33209 ALCON INC 13440 17827 ALFA LAVAL AB 11102 17069 ALLIANZ SE 32998 43855 ALPHABET INC CL A 67256 171695 ALPHABET INC CL C 34131 93125 AMAZON COM 55860 145894 AMBEV SA 17082 10469 ANALOG DEVICES INC 32470 58427 AON PLC CL A 56189 75424 APPLE INC 3597516 5598389 ASSA ABLOY UNSP/ADR 9051 12160 ATLAS COPCO AB A SHS ADR 10323 18035 AUTOZONE INC 53821 134484 BANCO BILBAO ARG SA 16026 24125 BAYER A G SPONSORED ADR 56234 29178 BECTON DICKINSON & CO 43443 40837 BHP BILLITON LIMITED 26888 17042 BLACKROCK STRAT INC OPP PORTFO 413310 394819 CANADIAN NATL RAILWAY CO 9584 10659 CAPITAL ONE FINANCIAL CORP 25629 47968 CARRIER GLOBAL 24140 58294 CHAMPLAIN SMALL COMPANY FUND I 453399 498440 CHARTER COMMUNICATIONS, INC 18425 20223 CHUGAI PHARMACEUTICAL CO., LTD 19754 33423 CME GROUP, INC 46998 61773 COLGATE-PALMOLIVE COMPANY 24520 31000 COLOPLAST AS ADR 11346 9785 COMCAST CORP 64094 60986 CONOCOPHILLIPS 102888 95501 COPART INC 20515 22497 CREDICORP LTD 10659 13932 DAIFUKU CO LTD UNSPONSRED ADS 9002 9457 DASSAULT SYS SA SPN ADR 30806 29205 DBS GROUP HLDGS SPON ADR 29258 52496 DFA U.S. SMALL CAP PORTFOLIO 440642 582972 DISCO CORPORATION 13571 14002 DISCOVER FINL SVCS COM 10894 15591 ELEVANCE HEALTH INC 35702 30250 ENN ENERGY HOLDINGS LIMITED 27046 16925 EPIROC AB 10564 14374 ESTEE LAUDER COMPANIES INC 18153 18745 FACTSET RESH SYST INC 26999 43225 FOMENTO ECONOMICO MEXICANO 22885 25305 GE VERNOVA 15430 34538 GENMAB A/S SPON 17596 9621 GOLDMAN SACHS HIGH YIELD FUND 493768 505253 GOLDMAN SACHS TACTICAL TILT OV 744702 725112 GRACO INC 30907 49984 GRUPO FIN ADR 11514 9470 HAIER SMART HOME ADR 14954 16842 HALEON PLC 27874 32121 HDFC BANK LTD ADR 34059 35825 HILTON WORLDWIDE HOLDINGS, INC 41126 69205 HUMANA INC 55753 42370 INFINEON TECH ADS 22467 32852 ISHARES S&P 500 INDEX FD 2861714 5774361 JOHCM EMERGING MARKETS OPPORTU 200909 216299 JOHCM INTERNATIONAL SELECT FUN 812794 808584 JOHNSON & JOHNSON 57601 54377 KOMATSU LTD 9886 14070 L'AIR LIQUIDE ADR OTC 7816 12126 L'OREAL ADR 26246 26404 LIBERTY BROADBAND CORPORATION 38506 28334 LINDE PLC COM 50141 87502 LONDON STK EXCHANGE GROUP 51193 53428 LOWES COMPANIES INC 41372 76261 MANULIFE FIN CORP 19846 33781 MASTERCARD INC 59720 115319 MERCADOLIBRE, INC 16217 17004 META PLATFORMS INC 18754 93682 METTLER-TOLEDO INTL 28376 40381 MICROSOFT CORP 120026 246578 MOODYS CORP 65268 138697 MSCI INC 27989 57601 NESTLE S.A 28559 22059 NIKE INC-CL B 36073 30419 NOVOZYMES A/S UNSP/ADR 7902 8877 ORACLE CORP 29944 85653 OTIS WORLDWIDE CORP 35369 50380 PEAR TREE FOREIGN VALUE FD INS 518144 619216 PEPSICO INC 53779 62193 PIMCO INCOME FUND 381973 352697 PING AN INSURANCE GROUP ADR 14139 7613 PROSUS NV ADR 48245 57097 PT TELEKOM. IND. TBK ADR 15418 11548 RIO TINTO PLC SPONSORED ADR 15962 16996 ROCHE HOLDING LTD ADR 27484 27102 SAFRAN SA - UNSPON ADR 17828 31774 SAP AKTIENGESELL ADS 52550 97007 SCHNEIDER ELEC UNSP/ADR 12385 30926 SHELL ADR EACH REPRESENTING 2 82119 93975 SHERWIN-WILLIAMS CO 37425 73425 SHIMANO INC UNSP ADR EACH REPR 8225 6703 SHIONOGI & CO LTD 15171 11317 SONOVA HOLDING AG AD 6917 11967 SONY GROUP CORP 24569 29941 SYMRISE AG UNSPONSORED 10758 12967 SYSMEX CORP UNSP ASDR 26001 24070 TAIWAN SEMICONDUCTOR MFG CO LT 44699 102892 TECHTRONIC INDS SPD ADR 12702 11351 TENCENT HOLDINGS LIMITED 23101 23186 TJX COMPANIES INC 38920 79735 UNICHARM CORP - SPN ADR 14225 11734 UNITEDHEALTH GROUP INC 107830 163899 VISA INC 28295 39189 WELLS FARGO & CO 22270 35893 WOODWARD INC 28432 38443 WORKDAY INC 67007 74571 ZTO EXPRESS CAYMAN INC 12004 11750 1345438 1304993 GOLDMAN SACHS PRIVATE CREDIT C 1750000 1997205 GOLDMAN SACHS REAL ESTATE INCO 1750000 1707433 KING STREET GLOBAL DRAWDOWN II 605511 687263 MILLENNIUM LTD - 2109 1000000 1844807 MONARCH V SELECT OPPORTUNITIES 304642 456216 PRIVATE EQUITY MANAGERS 2024 O 5000 1982 SILVER POINT DOIP II ACCESS OF 191775 232380 TPG TECH ADJACENCIES ACCESS OF 357505 852954 VINTAGE IX B OFFSHORE SCSP 403042 631719 VINTAGE REAL ESTATE PARTNERS I 17406 16303 VINTAGE VIII OFFSHORE SCSP - 2 447544 898455 WEST STREET STRATGC SOLUTIONS 560948 742361 Administrative Fees 67506 67506 Bank Charges 1588 1588 K-1 Exp VINTAGE IX B OFFSHORE 22854 22854 K-1 Exp VINTAGE REAL ESTATE PA 3175 585 State or Local Filing Fees 25 25 K-1 Inc/Loss VINTAGE IX B OFFSHORE SCSP 46561 46561 K-1 Inc/Loss VINTAGE REAL ESTATE PARTNERS III (IN 581 69 PFIC INCOME FROM VINTAGE VIII OFFSHORE 3898 3898 OUTSTANDING OPTIONS 18509 32978 Investment Management Services 127026 127026 We respectfully request that Jay and Sarah Flatley Foundation's quarterly estimated taxes for taxable year ending December 31, 2024 be treated as timely and request that the $32 penalty indicated on Form 2220 be abated because the underpayment in Q4 was due to reasonable cause. Treasury Regulations Sec 301.6651-1(c)(1) defines reasonable by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to calculate its quarterly estimates for tax period ending December 31, 2024. The firm was unable to reconcile the Foundation's accounts fully in order to calculate the necessary estimated tax payment for Q4 based on the annualization method. The underpayment was no fault of the foundation's and the firm is enhancing its procedures to improve its reconciliation process for future quarters. We believe that the underpayment was due to reasonable cause and in no way due to an intentional disregard for the rules, and respectfully request that no 2220 penalty be assessed. 990-PF Estimated Tax for 2024 8900 990-PF Extension for 2023 5100 Foreign Tax Paid 10232 10232