2025-06-05T14:32:18-05:00 2024-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2024-01-01 823760826 Chung Foundation % Foundation Source CHUN 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 leisle chung president 8008391754 2025-05-22 true true Jeffrey D Haskell P01345770 8008391754 2024 2025-03-06 01:10:19Z X 1088564 X 1026480 4499 4499 34096 34096 169366 1016048 169366 1234441 207961 0 10844 10844 795 22314 22314 12905 12905 46858 10844 35219 2011500 2011500 2058358 10844 2046719 -823917 197117 0 269989 70101 70101 1531427 907398 1018463 1801416 977499 1088564 0 0 X 1801416 977499 1801416 977499 1801416 977499 1801416 -823917 977499 977499 Publicly-traded Securities 1016048 846682 169366 169366 169366 2740 2740 2740 600 0 2140 2740 X 0 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 true false false false false false false false false false false false false false false false false false Caleb Chung Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, VP 1.0 0 0 0 Leisle Chung Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres, Sec, Treas 1.0 0 0 0 Vinh Chung Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, VP 1.0 0 0 0 1309815 294849 0 1604664 0 1604664 24070 1580594 79030 79030 2740 2740 76290 76290 76290 2046719 0 0 0 0 2046719 76290 540007 473420 273680 699480 504019 2490606 2046719 76290 1970429 4461035 0 540007 3921028 473420 273680 699480 504019 1970429 Leisle Chung Vinh Chung X CASA OF THE PIKES PEAK REGION INC 418 S WEBER ST COLORADO SPGS CO 80903 N/A PC General & Unrestricted 25000 CHILDRENS HOPECHEST INC PO BOX 1190 PALMER LAKE CO 80133 N/A PC Uganda Vocational Training Graduates Start-Up Tools fund 41000 INTERNATIONAL JUSTICE MISSION PO BOX 96961 WASHINGTON DC 20090 N/A PC Northern Triangle fund and general purpose 400000 NEMA FOUNDATION INC 1859 NORTHGATE BLVD SARASOTA FL 34234 N/A PC HHC - Vanguard LoveWorks Fund DAF 37500 Pine Creek High School 10750 THUNDER MOUNTAIN AVE COLORADO SPRINGS CO 80908 N/A GOV To support PCHS Speech & Debate Team 3000 RESOURCE EXCHANGE INTERNATIONAL INC 5527 N UNION BLVD STE 200 COLORADO SPGS CO 80918 N/A PC General & Unrestricted 5000 WORLD VISION PO BOX 9716 FEDERAL WAY WA 98063 N/A PC Honduras Promesa del Sur Project 400000 WORLD VISION PO BOX 9716 FEDERAL WAY WA 98063 N/A PC Honduras and Asia project 1100000 2011500 14 4499 14 34096 18 169366 207961 207961 false false false false false false false false false false X X 1 Leisle Chung Revocable Trust 9348 Grand Cordera Pkwy Ste 160 Colorado Springs CO 80924 26480 X 2 Vanguard Medical Specialists LLC 9348 Grand Cordera Pkwy Ste 160 Colorado Springs CO 80924 1000000 X 3M CO 4544 4415 ACCENTURE PLC 7228 8157 ADOBE SYSTEMS, INC 3202 3113 ALPHABET INC CL A 10203 15211 ALPHABET INC CL C 4946 8415 AMAZON COM 17788 26985 AMERICAN ELECTRIC POWER INC 3222 3228 AMERICAN EXPRESS CO 3245 4181 AMERICAN TOWER REIT INC 2460 2032 AMPHENOL CORPORATION 3137 2917 APPLE INC 33918 51267 APPLIED MATERIALS INC 2725 2602 AUTOMATIC DATA PROCESSING INC 7452 9868 BANK OF AMERICA CORP 6006 8131 BERKSHIRE HATHAWAY INC. CLASS 12170 17678 BLACKROCK INC 3627 4143 BROADCOM INC 5293 10848 CATERPILLAR INC 8495 10487 CHEVRON CORP 10104 8810 CHUBB LIMITED 3799 4758 CIGNA CORPORATION 9810 9028 CISCO SYSTEMS INC 6766 7600 CITIGROUP INC 3310 4666 COMCAST CORP 5573 4892 CONOCOPHILLIPS 5543 5339 CONSOLIDATED EDISON INC 4357 4335 COSTCO WHOLESALE CORPORATION 7426 12878 CVS CAREMARK CORP 9247 6279 DEERE CO 4154 4363 DIAMOND HILL CORE BOND FUND CL 69222 61339 DOUBLELINE TOTAL RETURN BOND 69838 61070 DUKE ENERGY CO 6569 7264 EATON CORP PLC 3142 2987 EATON VANCE CORE PLUS BOND FUN 15339 15292 ELEVANCE HEALTH INC 17111 13787 EXXON MOBIL CORP 13605 13712 GILEAD SCIENCES INC 15178 17921 GOLDMAN SACHS GROUP 2672 4139 GUGGENHEIM TOTAL RETURN BOND F 46752 45810 HOME DEPOT INC 10432 12280 HUMANA INC 7701 4160 ILLINOIS TOOL WORKS 3732 3852 INTERNATIONAL BUSINESS MACHINE 5298 8197 INTUITIVE SURGICAL 3101 5220 ISHARES 20+ YR TREAS BD 15195 15240 ISHARES JP MORGAN USD EM MKTS 34981 30329 ISHARESLEHMAN 7-10YR 15169 15334 JP MORGAN CHASE 10292 17547 LINDE PLC COM 7720 8788 MARSH AND MCLENNAN COMPANIES I 4253 5248 MASTERCARD INC 7897 11095 MCDONALD'S CORP 9468 10174 MCKESSON CORP 7020 9226 MEDTRONIC PLC 8956 8749 META PLATFORMS INC 9074 16489 MICROSOFT CORP 31755 45018 MOTOROLA SOLUTIONS INC 2314 2311 NETFLIX INC 2762 2674 NEWMONT GOLDCORP CORPORATION 3340 2625 NEXTERA ENERGY, INC 5334 5628 NIKE INC-CL B 4960 3513 NVIDIA CORP 18661 45096 ORACLE CORP 1988 4257 PROCTER GAMBLE CO 20637 22411 PROGRESSIVE CORP OHIO 2814 5092 PROLOGIS 6388 5621 PUBLIC STORAGE INC 4070 3696 QUALCOMM INC 4347 5800 REPUBLIC SVCS INC 4319 6696 SALESFORCE.COM 3510 3343 SHERWIN-WILLIAMS CO 2086 2389 SOUTHERN CO 5202 6096 STRYKER CORPORATION 4091 5164 TESLA MOTORS INC 4331 6865 TEXAS INSTRUMENTS INC 4925 5014 THE COCA-COLA CO 14415 14769 TJX COMPANIES INC 4418 4984 TRAVELERS COMPANIES INC 4119 4379 UNION PACIFIC 8757 8541 UNITED PARCEL SERVICE 9471 7425 VERIZON COMMUNICATIONS 4512 5003 VISA INC 10845 15138 WASTE MANAGEMENT INC 6021 7325 WELLS FARGO & CO 2485 4116 WESTERN ASSET CORE PORTFOLIO 54248 45746 WESTERN ASSET CORPORATE BOND F 15361 15208 ZOETIS INC 5445 4645 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, 2024, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $2,011,500. This amount represents 25% or more of the Foundation's net assets of $1,927,939 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2024. 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 12880 12880 State or Local Filing Fees 25 25 Investment Management Services 10844 10844 990-PF Estimated Tax for 2024 600 990-PF Excise Tax for 2023 195