2023-05-10T13:58:35-05:00 2022-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2022-01-01 872664106 Six String Giving Foundation % Foundation Source SIXS 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 NIR MESSAFI TREASURER 8008391754 2023-04-28 true NIR MESSAFI 999009999 Jeffrey D Haskell P01345770 8008391754 2022 2023-04-26 12:10:37Z X X 10623976 X 9180453 85 85 54059 54059 -371593 6926289 343089 8863004 397233 0 5087 0 0 5087 17905 17905 8600 17211 17211 48803 17905 0 22298 775000 775000 823803 17905 0 797298 8039201 379328 189989 78976 78976 3520015 3521168 2486120 7116319 7023832 2676109 10715310 10623976 0 0 X 2676109 10715310 2676109 10715310 2676109 10715310 2676109 8039201 10715310 10715310 Publicly-traded Securities 6926289 6583200 343089 343089 343089 5273 5273 5273 5827 0 5827 X 0 554 554 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 David Kroin Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 2.0 0 0 0 Michelle Kroin Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres 20.0 0 0 0 Nir Messafi Foundation Source 501 Silverside Rd Wilmington DE 198091377 Sec, Treas 3.0 0 0 0 3068726 72376 0 3141102 0 3141102 47117 3093985 154699 154699 5273 5273 149426 149426 149426 797298 0 0 0 0 797298 149426 2020 2019 2018 309194 309194 797298 149426 647872 957066 0 957066 309194 647872 David Kroin Michelle Kroin X CANCER SUPPORT TEAM INC 2900 WESTCHESTER AVE STE 103 PURCHASE NY 10577 N/A PC General & Unrestricted 65000 DANA FARBER CANCER INSTITUTE INC 10 BROOKLINE PL WEST BROOKLINE MA 02445 N/A PC Multiple Myeloma Program 25000 DOMUS KIDS INC 83 LOCKWOOD AVE STAMFORD CT 06902 N/A PC Invictus re-entry program 25000 EXPERIENCE CAMPS PO BOX 5121 WESTPORT CT 06881 N/A PC General & Unrestricted 10000 FIDELITY INVESTMENTS CHARITABLE GIFT FUND 245 SUMMER ST MZ NM43A BOSTON MA 02210 N/A PC General & Unrestricted 410000 MINDS MATTER 1120 AVE OF THE AMERICAS 4TH FL NEW YORK NY 10036 N/A PC General & Unrestricted 65000 NEIGHBOR TO NEIGHBOR INC 248 E PUTNAM AVE GREENWICH CT 06830 N/A PC General & Unrestricted 20000 NY COMMUNITY FRIDGE CORP 1760 2ND AVE APT 20F NEW YORK NY 10128 N/A PC General & Unrestricted 65000 PORT CHESTER CARVER CENTER INC 400 WESTCHESTER AVE PORT CHESTER NY 10573 N/A PC General & Unrestricted 65000 TRANSLATIONAL GENOMICS RESEARCH INSTITUTE FOUNDATI 445 N 5TH ST STE 120 PHOENIX AZ 85004 N/A PC Molecular Medicine division currently led by Dr. Von Hoff 25000 775000 14 85 14 54059 18 -371593 -317449 -317449 false false false false false false false false false false X X 1 Kroin David 200 Greenwich Avenue 3rd Floor Greenwich CT 06830 9180453 X X 1 TESLA MOTORS INC TSLA, 192 sh. 186725 2022-01-20 1 SPDR SER TR S&P OIL & GAS EXPL & PRODTT XOP, 374 sh. 50496 2022-12-30 1 SCHWAB U.S. LARGE-CAP GROWTH SCHG, 203 sh. 11204 2022-12-30 1 VANGUARD TOTAL INTERNATIONAL STOCK ETF VXUS, 1313 sh. 68079 2022-12-30 1 ISHARES CORE MSCI EMERGING MARKETS IEMG, 1220 sh. 57212 2022-12-30 1 ISHARES CORE MSCI EAFE ETF IEFA, 162 sh. 10300 2022-12-30 1 SPDR S&P 500 GROWTH SPYG, 201 sh. 10130 2022-12-30 1 SPDR S&P 500 VALUE SPYV, 2539 sh. 98310 2022-12-30 1 VANGARD RUSSELL 1000 GROWTH VONG, 2169 sh. 118861 2022-12-30 1 SCHWAB STRATEGIC TR US LARGE CAP VALUE SCHV, 2038 sh. 133988 2022-12-30 1 SPDR PORTFOLIO EMERGING MARKETS ETF SPEM, 2195 sh. 74915 2022-12-30 1 ISHARES MSCI WORLD ETF URTH, 1021 sh. 111131 2022-12-30 1 US TREAS BILLS ZERO CPN - 0.000% - 04/0 912796YN3, 1782000 sh. 1762018 2022-12-30 1 US TREAS BILLS ZERO CPN - 0.000% - 10/0 912796YJ2, 1820000 sh. 1757996 2022-12-30 1 ISHARE SP SMALL CAP 600 INDEX FD IJR, 105 sh. 9911 2022-12-30 1 ISHARES S&P 500 INDEX FD IVV, 37 sh. 14142 2022-12-30 1 ISHARES MSCI AUSTRALIA INDEX FD EWA, 1433 sh. 32930 2022-12-30 1 VANGUARD TOTAL STOCK MARKET ETF VTI, 220 sh. 41861 2022-12-30 1 SPDR GOLD SHARES GLD, 1950 sh. 330233 2022-12-30 1 ISHARES S&P MIDCAP 400 GROWTH INDEX FUN IJK, 98 sh. 6673 2022-12-30 1 ISHARES S&P SMALLCAP 600 GROWTH INDEX F IJT, 207 sh. 22326 2022-12-30 1 ISHARE MSCI UK INDEX EWU, 897 sh. 27520 2022-12-30 1 VANGUARD FTSE EMERGING MARKETS VWO, 1887 sh. 73763 2022-12-30 1 VANGUARD SM-CAP ETF VB, 159 sh. 30403 2022-12-30 1 ISHARES MSCI GRW IDX EFG, 651 sh. 54671 2022-12-30 1 VANGUARD VALUE ETF VTV, 54 sh. 7787 2022-12-30 1 VANGUARD GROWTH ETF VUG, 57 sh. 13049 2022-12-30 1 ISHARES CORE MSCI DEV MKTS ETF IDEV, 4316 sh. 242236 2022-12-30 1 VANGUARD LG-CAP ETF VV, 2630 sh. 455884 2022-12-30 1 VANGUARD SMALL-CAP GROWTH ETF VBK, 648 sh. 129182 2022-12-30 1 VANGUARD MID-CAP GROWTH ETF VOT, 248 sh. 44313 2022-12-30 1 VANGUARD MID-CAP VALUE INDEX VOE, 897 sh. 120947 2022-12-30 1 VANGUARD FTSE DEVELOPED MARKETS VEA, 4113 sh. 173198 2022-12-30 1 VANGUARD FTSE ALL-WORLD EX-US ETF VEU, 2201 sh. 110721 2022-12-30 1 SCHWAB U.S. SMALL-CA SCHA, 180 sh. 7558 2022-12-30 1 SCHWAB STRATEGIC TREMERGING MKTS EQUITY SCHE, 1592 sh. 37834 2022-12-30 1 CHARLES SCHWAB INTRNTNL EQ SCHF, 7590 sh. 245385 2022-12-30 CHARLES SCHWAB INTRNTNL EQ 245385 244474 INVESCO OPTIMUM YIELD DIVERSIF 42459 41177 ISHARE MSCI UK INDEX 27520 27502 ISHARE SP SMALL CAP 600 INDEX 97545 92747 ISHARES 20+ YR TREAS BD 176289 164374 ISHARES BARCLAYS MBS BOND FUND 40446 41181 ISHARES BROAD USD HIGH YIELD C 127107 123859 ISHARES BROAD USD INV GRD CORP 547147 535888 ISHARES CORE MSCI DEV MKTS ETF 242236 241610 ISHARES CORE MSCI EAFE ETF 1006365 998875 ISHARES CORE MSCI EMERGING MAR 436528 427632 ISHARES JP MORGAN USD EM MKTS 63417 61751 ISHARES MSCI AUSTRALIA INDEX F 32930 31856 ISHARES MSCI GRW IDX 54671 54528 ISHARES MSCI WORLD ETF 111131 111544 ISHARES S&P 500 INDEX FD 14142 14216 ISHARES S&P MIDCAP 400 GROWTH 6673 6693 ISHARES S&P SMALLCAP 600 GROWT 22326 22370 SCHWAB STRATEGIC TR US LARGE C 133988 134549 SCHWAB STRATEGIC TREMERGING MK 37834 37683 SCHWAB U.S. LARGE-CAP GROWTH 11204 11279 SCHWAB U.S. SMALL-CA 7558 7292 SPDR GOLD SHARES 330233 330798 SPDR PORTFOLIO EMERGING MARKET 74915 72347 SPDR S&P 500 GROWTH 10130 10185 SPDR S&P 500 VALUE 98310 98742 SPDR SER TR S&P OIL & GAS EXPL 136030 133570 VANECK VECTOR JPMORGAN EM LOCA 62519 61690 VANGARD RUSSELL 1000 GROWTH 593406 576941 VANGUARD FTSE ALL-WORLD EX-US 110721 110358 VANGUARD FTSE DEVELOPED MARKET 173198 172623 VANGUARD FTSE EMERGING MARKETS 73763 73555 VANGUARD GOVT BOND ETF INTERME 124239 123451 VANGUARD GROWTH ETF 13049 12147 VANGUARD LG-CAP ETF 455884 458146 VANGUARD MID-CAP ETF 300159 290633 VANGUARD MID-CAP GROWTH ETF 44313 44580 VANGUARD MID-CAP VALUE INDEX 120947 121310 VANGUARD RUSSELL 1000 VALUE ET 545550 540097 VANGUARD RUSSELL 2000 ETF 86740 82896 VANGUARD SM-CAP ETF 30403 29183 VANGUARD SMALL-CAP GROWTH ETF 129182 129950 VANGUARD TOTAL INTERNATIONAL S 68079 67908 VANGUARD TOTAL STOCK MARKET ET 41861 42062 VANGUARD VALUE ETF 7787 7580 3520015 3521168 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, 2022, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $775,000. This amount represents 25% or more of the Foundation's net assets of $2,687,336 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2022. 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. General Consultations 5087 5087 Administrative Fees 16891 16891 Postage/Delivery Service 31 31 State or Local Filing Fees 289 289 Investment Management Services 17905 17905 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 administrator initially mailed a request to update the Foundation's name in the Internal Revenue Service's (the "Service") database in advance of the quarterly estimated tax deadlines. Unbeknownst to the Foundation, the name was updated, but the administrator did not enroll the Foundation in EFTPS to make timely quarterly payments. Once this error was discovered, the Foundation was enrolled in EFTPS and the required payments were made. Form 2220 reports the quarterly estimated tax payments as made timely as if the error did not occur, since this was through no fault of the Foundation. The administrator has updated 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 delay in submitting 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 2022 5700 990-PF Extension for 2021 2900