2025-10-16T18:39:29-04:00 2024-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2024-01-01 923709888 Grace and Abraham Rappaport Memorial Foundation % Foundation Source GRAC 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 David Rappaport President 8008391754 2025-10-12 true true Jeffrey D Haskell P01345770 8008391754 2024 2025-03-06 01:10:19Z X 1432803 X 648785 7183 7183 19080 19080 17156 247640 172040 692204 198303 10000 10000 774 774 4800 12244 12244 27818 0 23018 1000 1000 28818 0 24018 663386 198303 0 95232 252780 252780 432478 958316 1165014 35000 15000 15009 562710 1226096 1432803 0 0 X 562710 1226096 562710 1226096 562710 1226096 562710 663386 1226096 1226096 Publicly-traded Securities 247640 75600 172040 172040 172040 2756 2756 2756 1469 0 1400 2869 X 0 113 113 false false false false false false false true true MI 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 Stuart Dow Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 Susan Kozik Klein Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 David Geoffrey Rappaport Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres 5.0 10000 0 0 Honora Rappaport Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 Paul Marc Rappaport Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Treas, VP 1.0 0 0 0 Simcha Tolwin Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 1055339 164301 0 1219640 0 1219640 18295 1201345 60067 60067 2756 2756 57311 57311 57311 24018 0 0 0 0 24018 57311 11334 11334 24018 24018 0 11334 11334 21959 Honora Rappaport Paul Marc Rappaport X SECURE COMMUNITY NETWORK INC 350 W HUBBARD ST STE 470 CHICAGO IL 60654 N/A PC General & Unrestricted 1000 1000 14 7183 14 19080 18 17156 43419 43419 false false false false false false false false false false X X 1 Rappaport Paul Marc 4202 Carillon Drive Bloomfield Hills MI 48302 648785 X 1 VERTIV CL A VRT, 200 sh. 10640 2024-01-25 1 PVH CORP PVH, 200 sh. 23871 2024-01-25 1 KRYSTAL BIOTECH KRYS, 100 sh. 12495 2024-01-25 1 THE BLACKSTONE GROUP INC CL A BX, 1000 sh. 122560 2024-01-25 1 APPLE INC AAPL, 1840 sh. 358230 2024-01-25 1 SUMMIT MATERIALS INC SUM, 1525 sh. 77752 2024-12-11 1 AUTOZONE INC AZO, 10 sh. 33671 2024-12-11 1 AZZ INCORPORATED AZZ, 100 sh. 9566 2024-12-11 FLAGSTAR BK NATL ASSN HICKSVI 15000 15009 ADAMS NATURAL RESOURCES FUND I 12326 13044 AFFILIATED MANAGERS GROUP 25407 31251 AMERIPRISE FINANCIAL INC 15022 23959 APPLE INC 236742 304512 ARES MANAGEMENT CORPORATION 43736 80372 AUTOZONE INC 33671 32020 AZZ INCORPORATED 9567 8192 COLGATE-PALMOLIVE COMPANY 7203 9000 EFT MANAGERS TR PUREFUNDS ISE 5515 6779 FIDELITY CORPORATE BOND ETF 8932 9276 FIDELITY LOW-PRICED STOCK FUND 18872 18860 FIDELITY MULTI-ASSET INCOME FU 24031 26431 GENUINE PARTS COMPANY 31943 22184 HONEYWELL INTL 9634 11746 ISHARES DOW JONES US HEALTHCAR 18279 19520 ISHARES S&P U.S. PREFERRED STO 13387 14620 KIMBERLY CLARK CORP 4153 4586 KKR & CO INC 9850 25884 KRYSTAL BIOTECH 9996 12533 MATERIALS SELECT SECTOR SPDR 10772 11780 METLIFE INC 19208 24564 NEXTERA ENERGY, INC 11582 15055 OAKMARK EQUITY & INCOME FUND 21532 25328 PVH CORP 15278 13536 REAVES UTIL INC FD 14583 17746 REGENERON PHARMACEUTICALS INC 11887 11397 STARBUCKS CORP COM 8453 10403 SUMMIT MATERIALS INC (DELISTED 77752 77165 THE BLACKSTONE GROUP INC CL A 101356 142592 TRANSAMERICA MULTI-ASSET INCOM 20498 24065 UNION PACIFIC 48806 48344 UNITEDHEALTH GROUP INC 15274 15176 VANGUARD INTERMEDIATE TERM COR 7596 8027 VERTIV CL A 10002 21359 WESTLAKE CHEMICAL CORP 14997 12955 ZOETIS INC 10474 10753 Administrative Fees 12100 12100 Payroll Processing Fees 104 104 State or Local Filing Fees 40 40 We respectfully request that Grace and Abraham Rappaport Memorial 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 was unable to reconcile the Foundation's accounts fully in order to calculate the necessary estimated tax payment for Q4 based on the annualization method. The underpayment was no fault of the foundation's and the firm is enhancing its procedures to improve its reconciliation process for future quarters. 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 Estimated Tax for 2024 1300 990-PF Extension for 2023 3500