2024-08-30T06:46:10-05:00 2023-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2023-01-01 811567287 DHC & CLC Foundation % Foundation Source DANI 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 cai li chang secretary 8008391754 2024-08-22 true true Jeffrey D Haskell P01345770 8008391754 2023 2024-08-08 14:25:15Z X 77159344 X 398453 614 614 906668 906668 -1284504 768623 0 14500 35731 907282 0 9000 0 0 9000 294628 294628 726639 15675 188749 20378 149131 158830 38243 38243 587 587 299234 1951 297283 1715910 332632 0 494244 212000 212000 1927910 332632 0 706244 -1892179 574650 70874 189735 189735 59209744 57611187 64603026 12336290 244128 12240626 12092162 12334933 1650 31650 31650 71522894 69924734 77159344 12413499 12707518 12413499 12707518 X 59109395 57217216 59109395 57217216 71522894 69924734 59109395 -1892179 57217216 57217216 Publicly-traded Securities 768623 926166 -157543 -157543 -157543 7988 7988 7988 1200 0 7600 8800 X 0 812 812 false false false false false false false true true CA DE true false false false false true N/A 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 Cai Li Chang Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Sec, Treas 35.0 0 0 0 Daniel Hai-ming Chang Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres 15.0 0 0 0 Fidelity 245 SUMMER STREET BOSTON CA 02210 INVESTMENT MGMT 222466 Charles Schwab & Co 3000 SCHWAB WAY WESTLAKE TX 76262 Investment Mgmt 72162 FOUNDATION SOURCE 55 WALLS DRIVE 3RD FL FAIRFIELD CT 06824 Administrative 75400 EDUCATIONAL LECTURE SERIES - PROVIDE EDUCATIONAL RESOURCES AND LEARNING OPPORTUNITIES THAT ARE NOT COMMONLY AVAILABLE IN CHINESE TO LOCAL CHINESE (MANDARIN)-SPEAKING COMMUNITY 1905 57997424 111236 0 58108660 12693889 45414771 681222 44733549 2236677 2236677 7988 7988 2228689 2228689 2228689 706244 0 40366 0 0 746610 2228689 2021 2020 2019 10015508 10015508 746610 746610 0 1482079 1482079 8533429 0 8533429 8533429 Cai Li Chang Daniel Hai-ming Chang X CAMPANILE FOUNDATION 5500 CAMPANILE DR 168 SAN DIEGO CA 92182 N/A PC provide support for the Electric Drive Transportation Center in the Electrical and Computer Engineering department 200000 CHINESE WRITERS ASSOCIATION OF AMERICA 10785 BIRCH BLUFF AVE SAN DIEGO CA 92131 N/A PC for the publication of the anthology of the Writers Association 1000 FRIENDS OF COAST WALK TRAIL 1515 COAST WALK LA JOLLA CA 92037 N/A PC General & Unrestricted 2500 FRIENDS OF WE CHINESE IN AMERICA 4151 CLAIREMONT MESA BLVD SAN DIEGO CA 92117 N/A PC General & Unrestricted 3500 U C SAN DIEGO FOUNDATION 9500 GILMAN DR MC 0940 LA JOLLA CA 92093 N/A PC Global Policy and Strategy 21st Century China Center 5000 212000 14 614 14 906668 18 -1284504 Federal Tax Refund 01 14500 -362722 -362722 false false false false false false false false false false X X 1 Chang Family Irrevocable Trust 501 Silverside Rd Suite 123 Wilmington DE 18909 398453 X 1 NVIDIA CORP NVDA, 816 sh. 398453 2023-12-22 BOOKKEEPING SERVICES 9000 9000 BUILDING 2022-06-23 4330514 85298 SL 27 157473 LAND 2022-06-23 7995410 L FURNITURE - SOFA 2023-02-01 10366 SL 7 1357 ABB LTD 463941 571470 ABBOTT LABS 692227 688488 ABBVIE INC 486136 601594 ADOBE SYSTEMS, INC 331620 375858 ADVANCED MICRO DEVICES INC 515405 515935 AIR PRODS & CHEM INC 353107 376475 ALBEMARLE CP 641967 411768 ALPHABET INC CL A 1562186 1556146 AMAZON COM 1550866 1464701 AMGEN INC 247615 339864 AMPHENOL CORPORATION 339493 455998 ANALOG DEVICES INC 550403 714816 ANSYS INC 62062 90720 APPLE INC 1648146 2165962 APPLIED MATERIALS INC 1386321 1928632 BANK OF AMERICA CORP 728750 604377 BAYER A G SPONSORED ADR 15965 9230 BIOGEN INC 167365 181139 BLACKROCK INC 515540 511434 BOEING CO 180104 205921 BRISTOL-MYERS SQUIBB CO 115464 102620 BROADCOM INC 1055600 2152129 BUNGE GLOBAL SA 109386 121140 CANADIAN PACIFIC RAILWAY LTD 914778 786568 CAPITAL ONE FINANCIAL CORP 411563 385493 CARRIER GLOBAL 219807 246690 CATERPILLAR INC 371056 576557 CENTENE CORP 320389 304261 CF INDUSTRIES HOLDINGS, INC 530923 616920 CHECK POINT SOFTWARE TECHNOLOG 208716 275022 CHENIERE ENERGY INC 327806 559075 CHEVRON CORP 390835 492228 CHUBB LIMITED 444930 524320 CIGNA CORPORATION 104943 122176 CISCO SYSTEMS INC 589211 522377 CITIGROUP INC 187426 158178 COMERICA INC 265456 181383 CONOCOPHILLIPS 707882 1146771 CORTEVA INC 120076 125359 COSTCO WHOLESALE CORPORATION 664031 1003321 CSX CORP 594948 613659 CVS CAREMARK CORP 538213 430332 D R HORTON 160820 250767 DEERE CO 805311 1019668 DELL TECHNOLOGIES INC CLASS C 253052 386937 DEXCOM, INC 153395 151390 DIAGEO PLC ADS 265813 202467 DOLLAR GENERAL CORP 173251 108760 DOW INC 45760 48424 EAST WEST BANCORP, INC 470792 460480 ELI LILLY & CO 388946 932671 EOG RESOURCES INC 223070 314470 EXPEDITORS INTL WASH INC 295573 345984 EXXON MOBIL CORP 58750 79984 FEDEX CORPORATION 176742 177079 FORTREA HOLDINGS INC 105240 82015 FREEPORT-MCMORAN COPPER & GOLD 760644 859062 GEN DYNAMICS CP 116304 145415 GLOBE LIFE INC 79969 91290 GOLDMAN SACHS GROUP 734365 775398 HALLIBURTON COMPANY 14663 21690 HOME DEPOT INC 591450 557946 HONEYWELL INTL 310646 350216 HSBC HOLDINGS PLC 53152 44594 IAC INTERACTIVE CORP 121463 69665 ILLINOIS TOOL WORKS 388160 453156 INGERSOLL-RAND INC 10558 13612 INTEL CORP 452653 473606 INTERCONTINENTAL EXCHANGE, INC 455737 436662 INTERNATIONAL BUSINESS MACHINE 64490 81775 INTERNATIONAL PAPER CO 76815 62178 INTUIT 1199165 1246934 JD.COM, INC 365516 138672 JOHNSON & JOHNSON 160617 152822 JP MORGAN CHASE 568091 650633 KROGER CO 132270 137130 L3HARRIS TECHNOLOGIES 130100 150593 LABORATORY CORP AMER HLDGS 596819 534132 LAM RESEARCH CORP 35723 62661 LINDE PLC COM 355919 470263 LOCKHEED MARTIN CORP 27285 45324 LOWES COMPANIES INC 868885 785602 LVMH MOET HENN UNSP 495512 592943 MAGNA INTERNATIONAL INC 315128 242228 MARATHON OIL CORP COM 70118 108720 MARATHON PETROLEUM CORP 30355 74180 MARTIN MARIETTA MATLS INC 383876 506394 MARVELL TECHNOLOGY, INC 40370 60310 MASTERCARD INC 347961 440158 MATCH GROUP INC 342796 104719 MEDTRONIC PLC 329606 271854 MERCADOLIBRE, INC 322565 502893 META PLATFORMS INC 514337 530940 MICROSOFT CORP 2172056 2553311 MONDELEZ INTERNATIONAL INC 48503 54323 MONSTER BEVERAGE CORP 88405 115220 MORGAN STANLEY 573099 612653 NASDAQ OMX GROUP 512003 584307 NICE SYSTEMS LTD 514175 394032 NIDEC CORPORATION ADR 116620 40344 NORFOLK SOUTHERN CORP 552509 534219 NVIDIA CORP 2425868 4336145 O'REILLY AUTOMOTIVE INC 69474 95008 OCCIDENTAL PETROLEUM CORP 6791 8718 OCCIDENTAL PETROLEUM CORP WARR 89 701 ORACLE CORP 715559 851874 OWENS CORNING 200755 340929 PARKER HANNIFIN CP 406079 612731 PAYPAL HOLDINGS, INC 922461 328544 PROCTER GAMBLE CO 222579 205156 PULTE GROUP INC 46555 103220 QORVO INC 425901 310804 QUALCOMM INC 796806 719390 QUANTA SVCS INC 129948 237380 QUEST DIAGNOSTICS 78443 65493 RAYTHEON TECHNOLOGIES CORP 622891 639289 REGENERON PHARMACEUTICALS INC 137831 197615 RESMED INC 761692 563366 ROCHE HOLDING LTD ADR 445793 313933 ROCKWELL AUTOMATION INC 368212 333766 SALESFORCE.COM 563166 671007 SAP AKTIENGESELL ADS 374294 420485 SIEMENS AG 308351 346098 SK TELECOM ADS ADS 85525 38991 SKYWORKS SOLUTIONS, INC 396563 286671 STARBUCKS CORP COM 477250 415243 STRYKER CORPORATION 433540 552504 TAIWAN SEMICONDUCTOR MFG CO LT 912635 924039 TARGET CORPORATION 74795 56968 THERMO FISHER SCIENTIFIC INC 638134 654995 UFP INDUSTRIES 39905 62775 UNILEVER PLC AMER 71044 65448 UNION PACIFIC 550770 591944 V F CORP 138034 34404 VALERO ENERGY CORP 443482 726050 VEEVA SYSTEMS INC 51015 57756 VISA INC 470760 611823 WALT DISNEY HOLDINGS CO 424432 249652 WELLS FARGO & CO 138714 147660 WHIRLPOOL CORP 132969 73671 WYNDHAM HOTELS & RESORTS INC C 271478 261333 ZIMMER BIOMET HOLDINGS 179978 176465 BUILDING 4330514 242771 4087743 4330514 LAND 7995410 7995410 7995410 FURNITURE - SOFA 10366 1357 9009 9009 A QUIET EVENING- OIL PAINTING 10000 10000 SPRING LIGHT-OIL PAINTING 20000 20000 STATUE - ANGEL MARBLE STATUE 771 771 STATUE - GARDEN MARBLE STATUE 879 879 Administrative Fees 75400 75400 Bank Charges 1951 1951 Computers/Electronic Devices 2833 2833 Digital Subscriptions 193 193 Equipment Maintenance 910 910 EQUIPMENT/FURNITURE 12670 12670 Office & Supplies 16644 16644 Postage/Delivery Service 23 23 Property insurance 92040 92040 Property Maintenance 96180 96180 State or Local Filing Fees 390 390 Federal Tax Refund 14500 LINE OF CREDIT 12413499 12707518 Investment Management Services 294628 294628 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. The Foundation's 2023 990-PF quarterly estimates were underpaid due to administrative error. It was discovered during the preparation of the 2023 990-PF that information relevant to the tax calculation was misclassified which caused the underpayment. Form 990-PF Part V, Line 8 reports no underpayment penalty of estimated tax since this was through no fault of the Foundation. The administrator is in the process of updating its policies and procedures to ensure that this will not occur in the future. According to the standards set forth in Rev. Proc. 92-85, we believe the Foundation's and its administrator'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. Therefore, we believe the Foundation is entitled to abatement of any penalty. 990-PF Estimated Tax for 2023 1200 990-PF Excise Tax for 2022 3540 990-T Extension for 2022 14500 Foreign Tax Paid 20378 20378 Property Taxes 149131 149131