2025-08-11T10:13:22-04:00 2024-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2024-02-02 991126359 The RAATT DeJong Family Foundation % Foundation Source RAAT 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 ROBERT DEJONG PRESIDENT 8008391754 2025-05-13 true true Jeffrey D Haskell P01345770 8008391754 2024 2025-03-06 01:10:19Z X X 11025189 X 10005213 44 44 68601 68601 292 9560 7583 10074150 76228 0 24896 24896 24896 0 24896 0 0 24896 0 24896 10049254 76228 0 53309 53309 9995945 10971880 0 10049254 11025189 0 0 X 10049254 0 10049254 0 10049254 0 10049254 10049254 10049254 Publicly-traded Securities 9560 1977 7583 7583 7583 1060 1060 1060 0 0 1060 1060 false false false false false false false true true DE true false true 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 Robert DeJong Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres, Sec, Treas 1.0 0 0 0 6743919 15826 0 6759745 0 6759745 101396 6658349 303810 303810 1060 1060 302750 302750 302750 24896 0 0 0 0 24896 302750 24896 24896 0 0 277854 0 0 Robert DeJong X 14 44 14 68601 18 292 68937 68937 false false false false false false false false false false X X 1 DeJong Robert 11691 Discovery Cyn Dr Las Vegas NV 89135 10005213 X 1 BANK OF AMERICA CORP BAC, 1259 sh. 49995 2024-06-06 1 SPDR S&P 500 ETF TRUST SPY, 1500 sh. 801075 2024-06-06 1 EMERSON ELECTRIC CO EMR, 400 sh. 42866 2024-06-06 1 BERKSHIRE HATHAWAY INC. CLASS B BRK-B, 891 sh. 364695 2024-06-06 1 ISHARES DOW JONES US TOTAL MARKET IYY, 5225 sh. 678858 2024-06-06 1 APPLE INC AAPL, 1900 sh. 371137 2024-06-06 1 ISHARES TR S & P MIDCAP 400 INDEX FD IJH, 4000 sh. 235430 2024-06-06 1 SELECT SECTOR SPDR ENERGY FUND XLE, 7700 sh. 691485 2024-06-06 1 ISHARES RUSSELL TOP 200 GROW IWY, 965.6133 sh. 199093 2024-06-06 1 SPDR S&P DIVIDEND ETF SDY, 1361 sh. 176141 2024-06-06 1 INVESCO QQQ TRUST QQQ, 13800 sh. 6394437 2024-06-06 APPLE INC 371137 475798 BANK OF AMERICA CORP 49995 55333 BERKSHIRE HATHAWAY INC. CLASS 364695 403872 EMERSON ELECTRIC CO 42866 49572 INVESCO QQQ TRUST 6385170 7044750 ISHARES DOW JONES US TOTAL MAR 678858 747645 ISHARES RUSSELL TOP 200 GROW 199093 227180 ISHARES TR S & P MIDCAP 400 IN 235430 249240 SELECT SECTOR SPDR ENERGY FUND 691485 659582 SPDR S&P 500 ETF TRUST 801075 879120 SPDR S&P DIVIDEND ETF 176141 179788 Administrative Fees 16896 16896 Administrative Set-Up Fee 6900 6900 Delaware Incorporation Fees 500 500 IRS Application Fees 600 600 We respectfully request that the Foundation's quarterly estimated tax payments be treated as timely and request that no underpayment penalties be assessed because the payment delay was due to reasonable cause. Treasury Regulations SEC. 301.6651-1(c)(1) defines reasonable cause 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 submit a payment in a timely fashion for Form 990-PF. Quarterly estimates for the taxable year ending December 31, 2024 990-PF were underpaid due to administrative error. The Foundation's administrator incorrectly used an erroneous incorporation date in its system, which caused it to calculate two quarterly estimated tax payments instead of the required four. Unbeknownst to the Foundation, this error resulted in an underpayment of the quarterly estimates. Once the error was discovered, the Foundation's administrator corrected the incorporation date in its system. According to the standards set forth in Rev. Proc. 92-85, we believe the Foundation's actions were reasonable and in good faith. The underpayment of quarterly estimates was not in any way due to an intentional disregard of IRS rules, but rather a clerical error. We respectfully request that no penalties be assessed in connection with underpayment penalties for estimated taxes. DeJong Robert 11691 Discovery Cyn Dr Las Vegas NV 89135