2024-10-24T08:11:53-05:00 2023-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2023-01-01 474903206 Farzaneh Family Foundation % Foundation Source FARZ 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 JALAL FARZANEH VICE PRESIDENT 8008391754 2024-10-15 true true Jeffrey D Haskell P01345770 8008391754 2023 2024-10-15 13:58:12Z X 3360821 X 1060000 7083 7083 57410 57410 6000 6000 -22569 34448 300857 34448 1164941 104941 0 17317 17317 907 307 11377 2389 0 10624 2199 8425 26036 1780 24256 66261 23992 0 32681 1943000 1943000 2009261 23992 0 1975681 -844320 80949 852976 235265 235265 2159892 2005903 2489166 240701 189458 196390 125580 37477 90492 88103 92400 472420 53539 437491 418881 347600 3781552 2937610 3360821 0 0 X 3781552 2937610 3781552 2937610 3781552 2937610 3781552 -844320 378 2937610 2937610 Publicly-traded Securities 300857 266409 34448 34448 34448 1125 1125 1125 922 0 300 1222 X 0 97 97 false false false false false false true true true DE OK true false false false false true Foundation Source 8008391754 55 WALLS DRIVE FL 3 Fairfield CT 06824 false false false false false false false false false false false false false false false false false false false false false Azam Farzaneh Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 Hajeh Farzaneh Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 Jalal Farzaneh Foundation Source 501 Silverside Rd Wilmington DE 198091377 VP 1.0 0 0 0 M Ali Farzaneh Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 M Hossein Farzaneh Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Sec 1.0 0 0 0 Mohammad Farzaneh Foundation Source 501 Silverside Rd Wilmington DE 198091377 Pres, Dir 1.0 0 0 0 Mohammed R Farzaneh Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 Vahid Farzaneh Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Treas 1.0 0 0 0 2601899 209764 92400 2904063 0 2904063 43561 2860502 143025 143025 1125 1125 141900 141900 141900 1975681 0 0 0 0 1975681 141900 2021 2020 2019 761118 957521 319280 249655 569244 2856818 1975681 141900 1833781 4690599 0 761118 3929481 957521 319280 249655 569244 1833781 Azam Farzaneh Hajeh Farzaneh Jalal Farzaneh Mohammad Farzaneh X A Falahati 409 Wadsack Drive Norman OK 73072 NONE I Hardship Assistance Grant 3000 A Ghasemkhani 1800 Beaumont Drive Norman OK 73074 NONE I Hardship Assistance Grant 2000 DEAN MCGEE EYE INSTITUTE FOUNDATION 608 STANTON L YOUNG BLVD OKLAHOMA CITY OK 73104 N/A SO I For the Institute to acquire specific imaging equipment to provide enhanced patient care, qualify the Institute to participate in more clinical trials and expand the Institute's participation in translational research endeavors; and to help establish a start-up fund to be used to recruit a clinician-scientist to the Institute 500000 G Bazargan 25042 Hollyhock Court Stevenson Ranch CA 91381 NONE I Hardship Assistance Grant 3000 HOMELESS ALLIANCE 1724 NW 4TH ST OKLAHOMA CITY OK 73106 N/A PC General & Unrestricted (see general explanation) 110000 INFANT CRISIS SERVICES 4224 N LINCOLN BLVD OKLAHOMA CITY OK 73105 N/A PC General & Unrestricted 10000 M Faridfar 701 S Wicklow Apt 908 Stillwater OK 74074 NONE I Hardship Assistance Grant 5000 M Nourbakhsh 519 South University Blvd Norman OK 73069 NONE I Hardship Assistance Grant 5000 NORMAN ALCOHOL INFORMATION CENTER INC 2457 WILCOX DR NORMAN OK 73069 N/A PC The Virtue Center 10000 NORMAN REGIONAL HEALTH FOUNDATION PO BOX 1665 NORMAN OK 73070 N/A PC Equipped for Tomorrow campaign 10000 OKLAHOMA CITY NATIONAL MEMORIAL FOUNDATION 620 N HARVEY AVE OKLAHOMA CITY OK 73102 N/A PC General & Unrestricted 5000 OKLAHOMA ISLAMIC ACADEMY LLC 15200 TRADITIONS BLVD EDMOND OK 73013 N/A PC General & Unrestricted 50000 R Ahmadi 318 Wadsack Dr Apt G Norman OK 73072 NONE I Hardship Assistance Grant 5000 S Karimimansoub 1020 W 4th Ave Apt 14 Stillwater OK 74074 NONE I Hardship Assistance Grant 5000 UNIVERSITY OF OKLAHOMA FOUNDATION INC 100 W TIMBERDELL RD NORMAN OK 73019 N/A PC CIS Student Scholarship Fund 120000 UNIVERSITY OF OKLAHOMA FOUNDATION INC 100 W TIMBERDELL RD NORMAN OK 73019 N/A PC Farzaneh Family Endowed Chair in OU Ophthalmology 1100000 1943000 14 7083 14 57410 16 -22569 18 34448 76372 76372 false false false false false false false false false false X X 1 HC Construction Holding LLLP 2252 N Broadway Moore OK 73160 1060000 X LAND - 21% INV 2015-12-30 32403 L 0 BLDG - 21% INV 2015-12-30 93177 35088 SL 39 2389 2389 0 LAND - 79% CHAR 2015-12-30 121897 L 0 BLDG - 79% CHAR 2015-12-30 350523 44551 SL 39 8988 0 SUMMIT HEIGHTS 2022-10-22 9622 L IN-KIND GRANTS PART I LINE 25 AND PART XIV LINE 3A DISTRIBUTIONS OF PROPERTY VALUE AT FAIR MARKET VALUE AT DATE OF DISTRIBUTION METHOD FOR DETERMINING VALUE OF LAND: FAIR MARKET VALUE TOTAL FAIR MARKET VALUE OF PROPERTY: $10,000 TOTAL BOOK VALUE OF PROPERTY: $9,622 TOTAL CASH PORTION OF GRANTS: $- TOTAL AMOUNT OF GRANTS: $10,000 FORM 990-PF, PART III, LINE 3 - OTHER INCREASES/DECREASES: $378 DETAILS OF ITEMS GRANTED: DESCRIPTION OF PROPERTY: SUMMIT HEIGHTS - LAND UNITS: 1 DATE OF DISTRIBUTION: 7/13/2023 GRANT RECIPIENT: HOMELESS ALLIANCE FMV OF PROPERTY: $10,000 BOOK VALUE OF PROPERTY: $9,622 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $10,000 DEVON ENERGY CORP SER B NOTE - 99589 96143 DEVON ENERGY CORPORATION - 7.8 89869 100247 AIRBNB 9287 8441 ALPHABET INC CL A 24361 70404 AMAZON COM 46309 86150 AMERICAN BALANCED FUND CLASS F 81631 88560 AMERICAN STATES WATER CO 14779 26458 APPLE INC 32631 125722 BERKSHIRE HATHAWAY INC. CLASS 39447 65982 BIONTECH SE ADR 22034 6543 BOEING CO 23160 24763 CHENIERE ENERGY INC 20930 65041 CHEVRON CORP 33252 42063 COSTCO WHOLESALE CORPORATION 16482 27723 EATON CORP PLC 13734 51535 EXPEDIA INC 10357 9411 INVESCO KBW HIGH DIVIDEND YIEL 8763 6518 INVESCO QQQ TRUST 93838 101970 ISHARES BARCLAYS TIPS BOND FUN 259343 214980 ISHARES IBOXX $ INVESTMENT GRA 57479 46699 ISHARES MSCI EMERGING MARKETS 11489 8243 JP MORGAN CHASE 18871 32829 LOWES COMPANIES INC 22117 46068 MARRIOTT INTERNATIONAL INC. CL 24490 29993 MICROSOFT CORP 15516 80473 NETFLIX INC 46431 55504 ONEOK INC 21595 29282 PALO ALTO NETWORKS INC 19420 43642 SALESFORCE.COM 23828 24998 SPDR S&P 500 ETF TRUST 354381 373595 SPDR S&P MIDCAP 400 EFT TRUST 73663 83718 T. ROWE PRICE BLUE CHIP GROWTH 86587 98795 TESLA MOTORS INC 39328 32302 TOTALENERGIES SE 20141 24863 TRUIST FINANCIAL CORPORATION 24042 18165 UNION PACIFIC 17084 19158 UNITEDHEALTH GROUP INC 21577 52121 VANGUARD CONSUMER STAPLES ETF 22020 28071 VANGUARD INT TRM BD 79651 65916 VANGUARD LONG TERM BOND 46223 32144 VANGUARD MID-CAP ETF 93331 93521 VANGUARD SM-CAP ETF 76533 78719 VANGUARD TOTAL INTERNATIONAL S 15406 14258 VISA INC 12692 36709 YUM BRANDS INC 11670 17116 LAND - 21% INV 32403 32403 25200 BLDG - 21% INV 93177 37477 55700 67200 LAND - 79% CHAR 121897 121897 94800 BLDG - 79% CHAR 350523 53539 296984 252800 SUMMIT HEIGHTS As explained below, the Foundation has no plans for dissolution. 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, 2023, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $1,943,000. This amount represents 25% or more of the Foundation's net assets of $3,735,236 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2023. 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 XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein. Administrative Fees 19042 19042 Bank Charges 401 401 Property insurance 6568 1379 5189 State or Local Filing Fees 25 25 LAND GRANTED IN EXCESS OF BASIS 378 Investment Management Services 17317 17317 990-PF Estimated Tax for 2023 600 Foreign Tax Paid 307 307