2024-04-18T09:13:12-05:00 2023-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2023-01-01 270167279 The Rivers Foundation % Foundation Source RIVE 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 PHILIP RIVERS PRESIDENT 8008391754 2024-04-10 true PHILIP RIVERS 999009999 true Jeffrey D Haskell P01345770 8008391754 2023 2023-04-26 12:10:37Z X 1961591 X 0 X 414 414 78741 78741 -79171 1543744 0 76 76 60 79231 0 17086 17086 2200 192 17835 47 17788 37121 17325 17788 623000 623000 660121 17325 640788 -660061 61906 134894 74958 74958 1868283 1242308 1370783 466427 492277 515850 2469604 1809543 1961591 0 0 X 2469604 1809543 2469604 1809543 2469604 1809543 2469604 -660061 1809543 1809543 Publicly-traded Securities 1543744 1622915 -79171 -79171 -79171 860 860 860 1400 0 1400 X 0 540 540 false false false false false false true 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 false Philip M Rivers Foundation Source 501 Silverside Rd Wilmington DE 198091377 Pres, Dir, Sec 1.0 0 0 0 Tiffany Rivers Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, VP 1.0 0 0 0 1791442 107314 490071 2388827 0 2388827 35832 2352995 117650 117650 860 860 116790 116790 116790 640788 0 0 0 0 640788 116790 2021 2020 2019 93575 698682 314882 333159 1440298 640788 116790 523998 1964296 0 93575 1870721 698682 314882 333159 523998 Philip M Rivers Tiffany Rivers X FELLOWSHIP OF CATHOLIC UNIVERSITY STUDENTS PO BOX 17408 DENVER CO 80217 N/A PC General & Unrestricted 1000 ST LAWRENCE PARISH 370 S SECTION ST FAIRHOPE AL 36532 N/A PC General & Unrestricted 22000 ST MICHAEL CATHOLIC HIGH SCHOOL 11732 HIGBEE RD FAIRHOPE AL 36532 N/A PC Athletic Department capital campaign (stadium) 600000 623000 14 414 14 78741 18 -79171 CLASS ACTION LAWSUIT PROCEEDS 01 76 60 60 false false false false false false false false false false ABBOTT LABS 1797 2193 ACAP STRATEGIC FUND 66794 85244 ACCENTURE PLC 1600 2585 ADOBE SYSTEMS, INC 2706 4073 AIRBNB 731 743 ALIBABA GROUP HOLDING LTD 11 10 ALIGN TECHNOLOGY, INC 379 509 ALLIANCEBERNSTEIN SMALL CAP GR 13809 14471 ALLIANZ SE 1108 1869 ALPHABET INC CL A 2230 3778 ALPHABET INC CL C 2547 4950 ALTRIA GROUP INC 534 491 AMAZON COM 10004 13535 AMG GW&K SMALL CAP VALUE FUND 12988 14035 ARTISAN MID CAP FUND ADVISOR S 14917 13871 AT&T, INC 215 233 AUTODESK, INC 3624 4056 BANCO SANTANDER CEN 1311 2211 BANK OF AMERICA CORP 926 1100 BCE INC 57 56 BLOCK INC 166 223 BOEING CO 2688 3871 BOUYGUES SA UNSP 1499 1785 BP PLC SPONSORED ADR 1181 1792 BROADCOM INC 580 876 CHEVRON CORP 819 839 CHUBB LIMITED 834 991 CISCO SYSTEMS INC 942 913 CITIGROUP INC 765 893 COMCAST CORP 658 738 COMPAGNIE DE SAINT G 683 1549 CONOCOPHILLIPS 459 561 CONTL AG SPONS ADR 587 862 CROWN CASTLE INTL 335 420 DEERE CO 140 381 DIAGEO PLC ADS 471 440 DOW INC 572 607 DUKE ENERGY CO 888 898 ELI LILLY & CO 597 600 ENEL SOCIETA PER AZI 2223 2322 EXPEDITORS INTL WASH INC 640 1073 EXXON MOBIL CORP 570 766 FACTSET RESH SYST INC 598 1026 FUJIFILM HOLDINGS ADR NPV 1522 1646 FUJITSU LTD ADR OTC 565 686 GARTNER INC 337 1435 GEN DYNAMICS CP 761 888 GENUINE PARTS COMPANY 842 886 GQG PARTNERS EMERGING MARKETS 22393 26329 GSK PLC 1209 1259 HARRIS ASSOCIATION INVT TRUST 4192 8330 HEALTHPEAK PROPERTIES INC 1 1 HITACHI LTD 1126 1462 HONDA MOTOR CO LTD 1267 1733 ILLUMINA INC COM 39 40 IMPERIAL BRANDS PL 1651 1757 INTEL CORP 341 478 INTUITIVE SURGICAL 721 871 INVESCO DYNAMIC LARGE CAP VALU 25025 35061 ISHARES 20+ YR TREAS BD 9359 10185 ISHARES BARCLAYS SHORT TREASUR 34826 34691 ISHARES MORNINGSTAR MID CAP VA 12494 13476 ISHARES S&P 500 INDEX FD 36012 39339 ISHARES TRUST MSCI EAFE INDEX 8923 9268 ISHARES TRUST RUSSELL 1000 GRO 10428 10914 ISHARES TRUST RUSSELL 1000 VAL 5336 5619 JOHNSON & JOHNSON 24 24 JOHNSON CONTROLS INTERNATIONAL 878 944 JP MORGAN CHASE 906 1291 KAO CORP 1011 1118 KENVUE INC 849 946 KERING UNSPON ADR EA REPR 0.1 475 504 KINGFISHER PLC 514 599 KONINKLIJKE PHILIPS ELECTRONIC 1244 1930 KYOCERA CORP ADR 973 1040 LAZARD EMERGING MARKETS CORE E 23656 25793 LLOYDS BANKING GROUP PLC 929 1185 LOWES COMPANIES INC 488 682 MASTERCARD INC 2263 3191 MEDTRONIC PLC 532 541 MERCK & CO INC 788 885 META PLATFORMS INC 2737 5181 MICROSOFT CORP 6343 9689 MITSUBISHI ELEC UNSP/ADR 1277 1455 MONDI PLC ADR 314 353 MONSTER BEVERAGE CORP 1343 2085 MORGAN STANLEY 846 1212 NETFLIX INC 3605 6027 NEXTERA ENERGY, INC 1093 965 NIKE INC-CL B 829 1104 NOVARTIS AG ADR 3098 3709 NOVO NORDISK A S 2159 2678 NVIDIA CORP 1821 4888 OAKMARK INTERNATIONAL FUND 30984 44766 OPPENHEIMER INTL GROWTH FUND Y 42799 41392 ORACLE CORP 1719 2698 PAYPAL HOLDINGS, INC 504 525 PFIZER INC 715 616 PHILIP MORRIS INTL 931 986 PIMCO SHORT TERM FUND P 2297 2314 PRUDENTIAL TOTAL RETURN BD FD 8259 8646 QUALCOMM INC 728 1178 RAYTHEON TECHNOLOGIES CORP 681 775 REGENERON PHARMACEUTICALS INC 833 1519 ROCHE HOLDING LTD ADR 2 2 SALESFORCE.COM 3994 5579 SANDOZ GROUP AG 208 288 SANOFI-AVENTIS SPONSORED ADR 1431 1655 SECOM CO LTD ADR OTC 1001 1088 SEI INVESTMENTS 733 825 SERVICE NOW 2477 4590 SHELL ADR EACH REPRESENTING 2 885 1823 SHOPIFY INC 832 1394 SIEMENS AG 616 808 SINGAPORE TELE ADR 474 501 SNAM SPA ADR 395 412 SONY GROUP CORP 1910 2080 SSE PLC SPON ADR 650 1122 STARBUCKS CORP COM 956 1128 TAIWAN SEMICONDUCTOR MFG CO LT 560 955 TAKEDA PHARMACEUTICAL COMPANY 1164 928 TARGET CORPORATION 758 914 TESCO PLC S ADR 941 982 TESLA MOTORS INC 2276 3067 THERMO FISHER SCIENTIFIC INC 32 39 THORNBURG LIMITED TERM INCOME 102344 104516 TOYOTA INDUSTRIES CORPORATION 1179 1740 TRAVELERS COMPANIES INC 481 540 TRUIST FINANCIAL CORPORATION 679 882 UNILEVER PLC AMER 794 727 UNITED OVRSEAS BK LTD ADR 1355 1823 UNITED PARCEL SERVICE 26 26 UNITEDHEALTH GROUP INC 1287 2107 UPM KYMMENE CORP 252 291 VANGUARD LT GOV BOND ETF 53329 57161 VANGUARD ST BOND ETF 306474 309698 VANGUARD TOTAL BOND MARKET ETF 252168 259412 VERTEX PHARMCTLS INC 1045 1805 VICI PROPERTIES INC 25 26 VIRTUS MULTI-SECTOR SHRT TRM B 62 64 VISA INC 4864 6658 WALT DISNEY HOLDINGS CO 1098 1180 WH GROUP LIMITED SPON ADR EACH 16 12 WORKDAY INC 1910 2303 WPP PLC 741 698 YUM BRANDS INC 454 750 YUM CHINA HOLDINGS INC 356 335 ZOETIS INC 1076 1622 IRONWOOD MULTI-STRATEGY LLC 492277 515850 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 $623,000. This amount represents 25% or more of the Foundation's net assets of $2,396,629 (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 17763 17763 Bank Charges 47 47 State or Local Filing Fees 25 25 Class Action Lawsuit Proceeds 76 76 Investment Management Services 17086 17086 990-PF Estimated Tax for 2023 1400 990-PF Excise Tax for 2022 608 Foreign Tax Paid 192 192