2025-07-02T07:37:53-05:00 2024-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2024-01-01 880845880 The Ignite Foundation % Foundation Source IGNI 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 CHRISTOPHER BELL PRESIDENT 8008391754 2025-06-17 true true Jeffrey D Haskell P01345770 8008391754 2024 2025-03-06 01:10:19Z X 585520 X 0 X 729 729 18442 18442 27358 419751 35405 46529 54576 0 10324 6784 3540 657 157 37476 37476 9870 22 9848 58327 6963 50864 204259 204259 262586 6963 255123 -216057 47613 0 86151 17946 17946 600451 452599 567574 686602 470545 585520 0 0 X 686602 470545 686602 470545 686602 470545 686602 -216057 470545 470545 Publicly-traded Securities 419751 384346 35405 35405 35405 662 662 662 30 0 632 662 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 true false true false false false false false false false false false false false false false false false false false Christopher G Bell Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres 1.0 0 0 0 Grace J Bell Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 Mackenzie J Bell Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 Madeline J Bell Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 Michelle J Bell Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Sec, Treas 1.0 0 0 0 626925 40689 0 667614 0 667614 10014 657600 32880 32880 662 662 32218 32218 32218 255123 0 0 0 0 255123 32218 62053 149990 212043 255123 32218 222905 434948 0 434948 62053 149990 222905 NONE X EARTH ISLAND INSTITUTE INC 2150 ALLSTON WAY STE 460 BERKELEY CA 94704 N/A PC to support Shark Steward's "Kahu Mano" Film Project 25850 NKURINGO ORPHANS GROUP KAHURIRE KISORO KISORO UG 00000 N/A PC General & Unrestricted 27900 PELAGIOS KAKUNJA AC SINALOA 1540 LA PAZ BAJA CALIFORNIA S MX 23000 N/A PC General & Unrestricted 12000 PELAGIOS KAKUNJA AC SINALOA 1540 LA PAZ BAJA CALIFORNIA S MX 23000 N/A PC Shark Conservation and Ecotourism in the Gulf of California Project Fund 75000 SILVER STALLION BICYCLE & COFFEE WORKS INC 808 E GREEN AVE GALLUP NM 87301 N/A PC General & Unrestricted 50000 NKURINGO ORPHANS GROUP KAHURIRE KISORO KISORO UG 00000 N/A PC General & Unrestricted (See General Explanation Attachment) 1904 PELAGIOS KAKUNJA AC SINALOA 1540 LA PAZ BAJA CALIFORNIA S MX 23000 N/A PC General & Unrestricted (See General Explanation Attachment) 11605 204259 14 729 14 18442 18 27358 46529 46529 false false false false false false false false false false PART I LINE 25 AND PART XIV LINE 3A 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 PROPERTY: PURCHASE PRICE TOTAL FAIR MARKET VALUE OF PROPERTY: $6,204 TOTAL BOOK VALUE OF PROPERTY: $6,204 TOTAL CASH PORTION OF GRANTS: $7,305 TOTAL AMOUNT OF GRANTS: $13,509 FORM 990-PF, PART III, LINE 3 - OTHER INCREASES/DECREASES: $0 DETAILS OF ITEMS GRANTED: DESCRIPTION OF PROPERTY: Boat, Engine, & Center Console Covers UNITS: 3 DATE OF DISTRIBUTION: 11/13/2024 GRANT RECIPIENT: Pelagios Kakunja AC FMV OF PROPERTY: $602 BOOK VALUE OF PROPERTY: $602 CASH PORTION OF GRANT: $7,305 TOTAL AMOUNT OF GRANT: $7,906 DESCRIPTION OF PROPERTY: Internet Satellite UNITS: 1 DATE OF DISTRIBUTION: 11/13/2024 GRANT RECIPIENT: Pelagios Kakunja AC FMV OF PROPERTY: $670 BOOK VALUE OF PROPERTY: $670 CASH PORTION OF GRANT: TOTAL AMOUNT OF GRANT: $670 DESCRIPTION OF PROPERTY: iPhone UNITS: 1 DATE OF DISTRIBUTION: 12/17/2024 GRANT RECIPIENT: NKURINGO ORPHANS GROUP FMV OF PROPERTY: $314 BOOK VALUE OF PROPERTY: $314 CASH PORTION OF GRANT: TOTAL AMOUNT OF GRANT: $314 DESCRIPTION OF PROPERTY: Trailer Parts UNITS: 51 DATE OF DISTRIBUTION: 11/13/2024 GRANT RECIPIENT: Pelagios Kakunja AC FMV OF PROPERTY: $769 BOOK VALUE OF PROPERTY: $769 CASH PORTION OF GRANT: TOTAL AMOUNT OF GRANT: $769 DESCRIPTION OF PROPERTY: Rod Holders UNITS: 2 DATE OF DISTRIBUTION: 11/13/2024 GRANT RECIPIENT: Pelagios Kakunja AC FMV OF PROPERTY: $158 BOOK VALUE OF PROPERTY: $158 CASH PORTION OF GRANT: TOTAL AMOUNT OF GRANT: $158 DESCRIPTION OF PROPERTY: Storage rack & storage net UNITS: 3 DATE OF DISTRIBUTION: 11/13/2024 GRANT RECIPIENT: Pelagios Kakunja AC FMV OF PROPERTY: $747 BOOK VALUE OF PROPERTY: $747 CASH PORTION OF GRANT: TOTAL AMOUNT OF GRANT: $747 DESCRIPTION OF PROPERTY: Solar Battery UNITS: 1 DATE OF DISTRIBUTION: 11/13/2024 GRANT RECIPIENT: Pelagios Kakunja AC FMV OF PROPERTY: $1,010 BOOK VALUE OF PROPERTY: $1,010 CASH PORTION OF GRANT: TOTAL AMOUNT OF GRANT: $1,010 DESCRIPTION OF PROPERTY: Starlink Dish UNITS: 1 DATE OF DISTRIBUTION: 12/17/2024 GRANT RECIPIENT: NKURINGO ORPHANS GROUP FMV OF PROPERTY: $670 BOOK VALUE OF PROPERTY: $670 CASH PORTION OF GRANT: TOTAL AMOUNT OF GRANT: $670 DESCRIPTION OF PROPERTY: SanDisk Memory Cards UNITS: 2 DATE OF DISTRIBUTION: 12/17/2024 GRANT RECIPIENT: NKURINGO ORPHANS GROUP FMV OF PROPERTY: $102 BOOK VALUE OF PROPERTY: $102 CASH PORTION OF GRANT: TOTAL AMOUNT OF GRANT: $102 DESCRIPTION OF PROPERTY: Epson Projector and Screen UNITS: 2 DATE OF DISTRIBUTION: 12/17/2024 GRANT RECIPIENT: NKURINGO ORPHANS GROUP FMV OF PROPERTY: $389 BOOK VALUE OF PROPERTY: $389 CASH PORTION OF GRANT: TOTAL AMOUNT OF GRANT: $389 DESCRIPTION OF PROPERTY: Computer Software UNITS: 1 DATE OF DISTRIBUTION: 12/17/2024 GRANT RECIPIENT: NKURINGO ORPHANS GROUP FMV OF PROPERTY: $145 BOOK VALUE OF PROPERTY: $145 CASH PORTION OF GRANT: TOTAL AMOUNT OF GRANT: $145 DESCRIPTION OF PROPERTY: Portable Speaker UNITS: 1 DATE OF DISTRIBUTION: 12/17/2024 GRANT RECIPIENT: NKURINGO ORPHANS GROUP FMV OF PROPERTY: $148 BOOK VALUE OF PROPERTY: $148 CASH PORTION OF GRANT: TOTAL AMOUNT OF GRANT: $148 DESCRIPTION OF PROPERTY: Electronics UNITS: 7 DATE OF DISTRIBUTION: 12/17/2024 GRANT RECIPIENT: NKURINGO ORPHANS GROUP FMV OF PROPERTY: $136 BOOK VALUE OF PROPERTY: $136 CASH PORTION OF GRANT: TOTAL AMOUNT OF GRANT: $136 DESCRIPTION OF PROPERTY: Storage Bag UNITS: 1 DATE OF DISTRIBUTION: 11/13/2024 GRANT RECIPIENT: Pelagios Kakunja AC FMV OF PROPERTY: $40 BOOK VALUE OF PROPERTY: $40 CASH PORTION OF GRANT: TOTAL AMOUNT OF GRANT: $40 PART I LINE 25 AND PART XIV LINE 3A - Continued Continued DESCRIPTION OF PROPERTY: Boat Fenders UNITS: 2 DATE OF DISTRIBUTION: 11/13/2024 GRANT RECIPIENT: Pelagios Kakunja AC FMV OF PROPERTY: $108 BOOK VALUE OF PROPERTY: $108 CASH PORTION OF GRANT: TOTAL AMOUNT OF GRANT: $108 DESCRIPTION OF PROPERTY: Sun Shade UNITS: 1 DATE OF DISTRIBUTION: 11/13/2024 GRANT RECIPIENT: Pelagios Kakunja AC FMV OF PROPERTY: $196 BOOK VALUE OF PROPERTY: $196 CASH PORTION OF GRANT: TOTAL AMOUNT OF GRANT: $196 ABBVIE INC 7438 7997 ADVANCED MICRO DEVICES INC 3756 4469 ALPHABET INC CL A 6851 14387 ALPHABET INC CL C 14048 29518 AMAZON COM 13571 26327 APPLE INC 14088 26294 ARES CAPITAL CORPORATION - CLO 4167 4991 BERKSHIRE HATHAWAY INC. CLASS 23041 34903 BLACKROCK INC 5670 8201 BRISTOL-MYERS SQUIBB CO 3542 2715 CARLYLE TACTICAL PRIVATE CREDI 35400 35732 CELLDEX THERAPEUTICS INC 4236 2476 CHEVRON CORP 18087 15932 COSTCO WHOLESALE CORPORATION 2074 3665 CYTOKINETICS INC 4273 3622 DANAHER CORP 7780 7575 EXTREME NETWORKS, INC 6853 8085 FORMFACTOR INC. 3262 6116 FORTIVE CORPORATION 1274 1500 FREEPORT-MCMORAN COPPER & GOLD 4660 4608 INVESCO BULLETSHARES 2025 CORP 44492 44802 INVESCO BULLETSHARES HIGH YIEL 42826 42640 ISHARES NASDAQ BIOTECHNOLOGY 6311 6214 JP MORGAN CHASE 9223 16780 KINDER MORGAN INC 4900 7699 KKR & CO INC 5669 18045 KKR CREDIT OPPORTUNITIES CL I 10035 9941 MERCEDES-BENZ GROUP 7155 6233 META PLATFORMS INC 4739 12881 MICROSOFT CORP 7118 11381 NIKE INC-CL B 8596 7340 NVIDIA CORP 973 2686 OIL SVC HLDRS TR 4275 4068 PALO ALTO NETWORKS INC 4726 6187 PERFORMANT FINANCIAL 3984 4569 PHILLIPS 66 8677 9684 POWERSHARES SHORT QQQ NASDAQ 7602 7592 PROSHARES SHORT S&P500 15318 14536 SELECT SECTOR SPDR ENERGY FUND 10191 10622 SKYLINE CHAMPION CORP 4185 6784 SNOWFLAKE INC 5236 6176 SOLVENTUM CORPORATION 3456 1321 TARGET CORPORATION 6056 6353 THE BLACKSTONE GROUP INC CL A 8076 18621 THERMO FISHER SCIENTIFIC INC 6685 6243 UBER 8352 6696 UNITEDHEALTH GROUP INC 8159 7588 VERALTO CORPORATION 934 1019 VISA INC 6394 9797 WYNN RESORTS 4185 3963 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 $204,259. This amount represents 25% or more of the Foundation's net assets of $761,825 (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 9823 9823 Bank Charges 22 22 State or Local Filing Fees 25 25 Investment Management Services 6784 6784 Website Development 3540 3540 WE RESPECTFULLY REQUEST THAT THE IGNITE FOUNDATION'S QUARTERLY ESTIMATED TAXES FOR TAXABLE YEAR ENDING DECEMBER 31, 2024 BE TREATED AS TIMELY AND REQUEST THAT THE $14 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'S SOFTWARE CORRECTLY DETERMINED THAT THE FOUNDATION COULD PAY ITS Q4 ESTIMATE BASED ON PRIOR YEAR TAX LIABILITY. HOWEVER, SINCE THAT LIABILITY WAS UNDER $500, THE SOFTWARE INCORRECTLY INDICATED THAT NO QUARTERLY PAYMENT WAS DUE. AS SOON AS THE ERROR WAS DISCOVERED, THE FOUNDATION PAID THE REQUIRED TAX. 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 Extension for 2023 500 Foreign Tax Paid 157 157