2023-05-09T13:09:42-05:00 2022-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2022-01-01 273420005 Sanders Tech-Ed Foundation % Foundation Source SAND 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 JOHN SANDERS PRESIDENT 8008391754 2023-05-01 true JOHN SANDERS 999009999 Jeffrey D Haskell P01345770 8008391754 2022 2023-04-26 12:10:37Z X 22100 X 50000 135 135 0 50135 135 0 5025 5025 5025 0 5025 63201 63201 68226 0 68226 -18091 135 40191 22100 22100 40191 22100 22100 0 0 X 40191 22100 40191 22100 40191 22100 40191 -18091 22100 22100 2 2 2 274 0 274 272 272 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 Carole Ewing Sanders Foundation Source 501 Silverside Rd Wilmington DE 198091377 Co-Pres, Dir 1.0 0 0 0 John D Sanders Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Sec, Treas, Co-Pres 2.0 0 0 0 Paul D Sanders Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, VP 1.0 0 0 0 Elaine Sanders Goodman Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, VP 1.0 0 0 0 0 51747 0 51747 0 51747 776 50971 2549 2549 2 2 2547 2547 2547 68226 0 0 0 0 68226 2547 2020 2019 2018 6351 51782 39664 47819 77290 222906 68226 2547 65679 288585 0 50000 238585 8133 39664 47819 77290 65679 John D Sanders CAROLE EWING SANDERS X AGUA HEDIONDA LAGOON FOUNDATION 1580 CANNON RD CARLSBAD CA 92008 N/A PC General & Unrestricted 17201 CARLSBAD CHAMBER OF COMMERCE PARTNERS IN EDUCATION 5934 PRIESTLY DR CARLSBAD CA 92008 N/A PC General & Unrestricted 8000 FOR THEIR THOUGHTS FOUNDATION INC 513 GARFIELD ST OCEANSIDE CA 92054 N/A PC General & Unrestricted 1500 JACOBS & CUSHMAN SAN DIEGO FOOD BANK 9850 DISTRIBUTION AVE SAN DIEGO CA 92121 N/A PC General & Unrestricted 1500 KIDS FOR PEACE INC 3303 JAMES DR CARLSBAD CA 92008 N/A PC General & Unrestricted 2000 RESIDENTS ASSOCIATION OF CARLSBAD BY THE SEA INC 2855 CARLSBAD BLVD CARLSBAD CA 92008 N/A PC Employee Appreciation Fund 3000 SOROPTIMIST INTERNATIONAL OF THE AMERICAS INC PO BOX 694 OCEANSIDE CA 92049 N/A PC General & Unrestricted 3500 THE SAN DIEGO FOUNDATION 2508 HISTORIC DECATUR RD STE 200 SAN DIEGO CA 92106 N/A PC General & Unrestricted 1500 UNITED CHARITABLE 44921 GEORGE WASHINGTON BLVD 230 ASHBURN VA 20147 N/A PC Swann Cares Foundation 1000 UNIVERSITY OF LOUISVILLE FOUNDATION INC 215 CENTRAL AVE STE 212 LOUISVILLE KY 40208 N/A PC General & Unrestricted 5000 VETERANS ASSOCIATION NORTH COUNTY 1617 MISSION AVE OCEANSIDE CA 92058 N/A PC General & Unrestricted 19000 63201 14 135 135 135 false false false false false false false false false false X X 1 Sanders John D via IRA 1560 Broadway Suite 400 Denver CO 80202 50000 X FORM 990-PF, PART XII, LINE 7 Form 990-PF, Part XII, Line 7 Form 990-PF, Part XII, Line 7 - Election to Treat Unused Prior Year Corpus Distributions as Current Year Corpus Distributions Pursuant to Treasury Regulations Section 53.4942(a)-3(c)(2)(iv), Sanders Tech-Ed Foundation hereby elects to treat, as a current distribution out of corpus, the following unused prior year's distributions that were treated as corpus distributions under Treasury Regulations Section 53.4942(a)-3(d)(1)(iii) in such prior tax years: Tax Year: 2017 Amount: $6,351 Tax Year: 2018 Amount: $43,649 By: JOHN SANDERS Title: PRESIDENT Amount Treated as Distributions out of Corpus to Satisfy Section 170(b)(1)(F)(ii) The Sanders Tech-Ed Foundation (the "Foundation") hereby elects to satisfy the requirements of Internal Revenue Code ("Code") Section 170(b)(1)(F)(ii) in respect of contributions of $50,000 of cash received in the taxable year ending December 31, 2022 (the "Conduit Election Year"). To satisfy the requirements of Code Section 170(b)(1)(F)(ii), a private non-operating foundation must: (A) by the end of the Conduit Election Year, distribute any undistributed income from the year immediately preceding the Conduit Election Year; (B) distribute, in the absence of an election under Code Section 4942(h)(2), any undistributed income from the Conduit Election Year by the end of the Conduit Election Year; and (C) make qualifying distributions treated as distributions out of corpus by no later than the 15th day of the third month of the taxable year following the Conduit Election Year in an amount equal to 100 percent of the contributions received by such foundation in the Conduit Election Year. A. Satisfaction of Minimum Distribution Requirement for the Conduit Election Year. As reported on Part XII, Line 2, column (c), the undistributed income for the year immediately preceding the Conduit Election Year is $0. In other words, the Foundation had no undistributed income for 2021. B. Timely Satisfaction of Minimum Distribution Requirement for the Taxable Year following the Conduit Election Year. As reported on Part XII, Line 6f, column (d), the undistributed income for the Conduit Election Year is $0. In other words, the Foundation had no undistributed income for 2022. C. Sufficient Timely Qualified Distributions Made Out of Corpus. To satisfy the requirements of Internal Revenue Code Section 170(b)(1)(F)(ii), the Foundation had until March 15, 2023, the 15th day of the third month of the taxable year following the Conduit Election Year, to make distributions out of corpus in an amount equal to 100 percent of the contributions received by it in the Conduit Election Year, $50,000. As reported on Part XII, Line 7, the Foundation is treating $50,000 as a current distribution out of corpus in full satisfaction of the requirements of Code Section 170(b)(1)(F)(ii) in respect of the Conduit Election Year. The Foundation has attached the necessary election, pursuant to Treasury Regulations Section 53.4942(a)-3(c)(2)(iv), to treat $50,000, of its unused prior years' corpus distributions, as a current distribution out of corpus. 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 $63,201. This amount represents 25% or more of the Foundation's net assets of $40,191 (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. Administrative Fees 5000 5000 State or Local Filing Fees 25 25