2024-04-18T09:13:11-05:00 2023-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2023-01-01 201944745 The Watts Family Foundation % Foundation Source WATT 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 RICHARD WATTS PRESIDENT 8008391754 2024-04-10 true RICHARD WATTS 999009999 true Jeffrey D Haskell P01345770 8008391754 2023 2023-04-26 12:10:37Z X 65197 X 0 X 17 17 2494 2494 1107 50358 1107 3618 3618 0 523 523 100 2566 2566 3189 523 2566 22500 22500 25689 523 25066 -22071 3095 3664 5317 5317 30439 4919 4976 38912 36810 40979 9961 13859 13925 82976 60905 65197 0 0 X 82976 60905 82976 60905 82976 60905 82976 -22071 60905 60905 Publicly-traded Securities 50358 49251 1107 1107 1107 43 43 43 93 0 93 50 50 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 Debra Watts Foundation Source 501 Silverside Rd Wilmington DE 198091377 VP, Dir 1.0 0 0 0 Richard Watts Foundation Source 501 Silverside Rd Wilmington DE 198091377 Pres, Dir, Sec 1.0 0 0 0 65134 4801 0 69935 0 69935 1049 68886 3444 3444 43 43 3401 3401 3401 25066 0 0 0 0 25066 3401 2021 2020 2019 14792 22256 2436 39484 25066 3401 21665 61149 0 14792 46357 22256 2436 21665 Debra Watts Richard Watts X MARINERS CHURCH 5001 NEWPORT COAST DR IRVINE CA 92603 N/A PC General & Unrestricted 15000 ORANGE COUNTY SHERIFFS ADVISORY COUNCIL PO BOX 241 SANTA ANA CA 92702 N/A PC General & Unrestricted 7500 22500 14 17 14 2494 18 1107 3618 3618 false false false false false false false false false false BANK AMER CORP MTN - 4.000% - 1945 1973 COMERICA BK DALLAS TEX CD - 5. 1999 2000 EDISON INTL NOTE - 4.950% - 04 1985 1986 MAIN STREET CAP CORP - 5.200% 5934 5969 WELLS FARGO &COMPANYMTN CALL M 1996 1997 BLUE OWL CAPITAL CORPORATION 1807 2066 FIRST TRUST NASDAQ CYBERSECURI 2518 2692 GLOBAL X US PREFERRED ETF 2368 2425 INVESCO QQQ TRUST 1952 2048 ISHARES DOW JONES US HEALTHCAR 2435 2862 ISHARES TR DJ SEL DIVIDEND INX 8332 7619 MAIN STREET CAPITAL CORP 4125 4323 SELECT SECTOR SPDR ENERGY FUND 1026 1258 SPDR S&P 500 ETF TRUST 12247 15686 4919 4976 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 $22,500. This amount represents 25% or more of the Foundation's net assets of $83,298 (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 2541 2541 State or Local Filing Fees 25 25 Investment Management Services 523 523 990-PF Extension for 2022 100