2014-07-10T16:21:34-05:00 2013-12-31 Foundation Source One Hollow Ln Ste 212 Lake Success NY 11042 990PF 2013-01-01 455288107 Kenneth and Jean Watson Fund % c/o Foundation Source KENN 8008391754 Foundation Source 501 Silverside Rd Suite 123 Wilmington DE 198091377 William W Thorsness President 8008391754 2014-05-13 true Jeffrey D Haskell 8008391754 2013 2015-12-30 17:16:21Z X 1488156 X 0 X 98 98 36874 36874 -20559 1873526 0 16413 36972 13433 2000 0 11433 17791 17791 288 137 10697 60 10637 42209 19988 0 22070 0 0 42209 19988 0 22070 -25796 16984 78987 70367 70367 1344999 1327823 1417789 1423986 1398190 1488156 0 X 1423986 1398190 1423986 1398190 1423986 1398190 1423986 -25796 1398190 1398190 Publicly-traded Securities 1873526 1894085 -20559 -20559 -20559 false 7598 868739 0.008746 0 0 0.0 0 0 0.0 0 0 0.0 0 0 0.0 0.008746 0.008746 1413986 12367 170 12537 22070 X 170 170 170 170 170 false false false false false false false true true DE true false false false false true co 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 2.0 0 1334585 100934 0 1435519 0 1435519 21533 1413986 70699 70699 170 170 70529 70529 70529 22070 0 0 0 0 22070 170 21900 70529 19741 2011 2010 2009 22070 19741 2329 0 0 68200 0 0 NONE X 14 98 14 36874 18 -20559 16413 16413 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 respect to the Foundation, which provides legal services to the Foundation. In the taxable year ending December 31, 2013, the Foundation paid $13,433 for legal services rendered by such disqualified person as reported in Part I, line 16a. Such advisory firm billed the Foundation at the same rate or below the rate it charges its other clients. 3-D SYSTEMS CORP. 4278 5018 ALTRIA GROUP INC 12560 14204 AMAZON COM 8957 9172 AMER INTERNATIONAL GROUP INC 6951 9597 AMERICAN CENTURY EQUITY INCOME 14219 14136 AMERICAN ELECTRIC POWER INC. 13584 14115 ANGEL OAK MULTI-STRATEGY INC 22161 22069 APPLE INC. 20810 23563 AUTOMATIC DATA PROCESSING INC. 10572 14140 BCE INC 14429 14113 BLACKROCK GLOBAL LONG SHORT EQ 19116 19075 BLACKROCK GLOBAL LONG/SHORT 22161 22306 BLACKROCK INC 6299 9811 BLACKROCK MULTI-ASSET INCOME 49271 50987 BOEING CO 10874 18836 BP PLC SPONSORED ADR 12570 14389 BRISTOL-MYERS SQUIBB CO 9562 14032 CARDINAL HEALTH INC. 9254 9353 CHEVRON CORP 13219 14240 COCA-COLA CO 13448 14459 COHEN & STEERS REAL ASSETS FDS 19473 18902 COHEN AND STEERS MLP INCOME 9325 9948 COSTCO WHOLESALE CORP 14472 14520 CSX CORP 9175 9552 DB X TRACKERS MSCI JAPAN HEDGE 9469 9956 DELAWARE DIVERSIFIED INCOME FD 50956 49854 DEVON ENERGY CORPORATION 8837 9342 DIAGEO PLC ADS 8268 9534 EATON VANCE FLOATING RATE ADV 24980 25043 EBAY INC. 9130 9657 EGSHARES EMERGING MARKETS 13878 14246 FIRST TRUST NORTH AMERICAN ENE 38103 38665 EXXON MOBIL CORP 25997 29247 FORD MOTOR COMPANY 12893 14643 GENERAC HOLDING INC 4536 4814 GENERAL ELECTRIC CO 28229 29123 GOLDMAN SACHS STRAT INC 49722 50576 GOLDMAN SACHS TR GS SHORT 33 33 GOOGLE INC 7114 10086 HALLIBURTON COMPANY 9356 9693 HARTFORD WORLD BOND FUND 50689 49906 HENDERSON EUROPEAN FOCUS FUND 18934 19783 HONEYWELL INTERNATIONAL INC. 6778 9502 ISHARE MSCI SPAIN 9063 9643 JANUS ADVISER FLEXIBLE INCOME 25544 24620 JOHNSON & JOHNSON 11198 13922 JP MORGAN CHASE & CO 21772 28655 LORD ABBETT INVESTMENT TRUST 30846 30218 MANAGERS FUNDS 25473 25035 MARKETFIELD FUND 18038 19623 MERCK & CO INC. 13765 14214 MONSANTO CO 8429 9790 NEUBERGER BERMAN ALTRNTIVE FDS 18276 19501 NEUBERGER BERMAN EQUITY INCOME 18954 18935 NEUBERGER BERMAN STRAT INC 51471 50082 NIKE INC 6542 9909 OPPENHEIMER DEVELOPING MARKETS 23293 24711 ORACLE CORP 8779 10062 PFIZER INC. 8009 9434 PROCTER GAMBLE CO 12440 14084 PRUDENTIAL JENNISON MID CAP 13647 14729 QUALCOMM INC 13141 14702 ROYAL BANK OF CANADA 12474 14186 SCHRODER INTL MULTI CAP FUND 23524 24585 SIRIUS XM RADIO 13584 14159 SPDR BARCLAYS SHORT TERM HIGH 25246 25266 TEMPLETON FRONTIER MARKETS 13440 14882 TEMPLETON GLOBAL BD 25617 25100 THIRD AVENUE FOCUSED CREDIT FD 13297 13214 TRANSAMERICA EMERGING MARKETS 27154 24349 UNITED TECHNOLOGIES CORP 22781 29247 VODAFONE GROUP PLC 8937 9513 WALT DISNEY HOLDINGS CO. 18158 19864 WELLS FARGO & CO. 11420 14437 WEYERHAEUSER CO 12829 14049 WISDOMTREE EUROPE SMALLCAP DIV 18304 19615 WISDOMTREE INTERNATIONAL DIV 12955 14238 WISDOMTREE JAPAN HEDGED SMALL 4781 4976 General Governance/Counseling 13433 2000 11433 Administrative Fees 10612 10612 Bank Charges 60 60 State or Local Filing Fees 25 25 Investment Management Services 17791 17791 990-PF Extension for 2012 151 Foreign Tax Paid 137 137