2025-05-09T10:32:57-05:00 2024-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2024-01-01 330954861 The Bernice Heffernan Family Foundation % JOHN B HEFFERNAN LAW CO BERN 9496404300 5100 Birch Street Ste 200 Newport Beach CA 92660 PAT HEFFERNAN TREASURER 9496404300 2025-04-24 true true Jeffrey D Haskell P01345770 8008391754 2024 2025-03-06 01:10:19Z X X 109055 X 0 X 912 912 4930 4930 55996 225880 55996 28 28 61866 61866 0 1384 1384 533 133 7662 10 7652 9579 1527 7652 209995 209995 219574 1527 217647 -157708 60339 27648 14267 14267 49059 19040 18933 132040 46022 66217 37419 9129 9638 246166 88458 109055 0 0 X 246166 88458 246166 88458 246166 88458 246166 -157708 88458 88458 Publicly-traded Securities 225880 169884 55996 55996 55996 839 839 839 29 0 29 X 0 810 false false false false false false true true true CA true false false false false true JOHN B HEFFERNAN LAW CO 9496404300 5100 BIRCH STREET STE 200 NEWPORT BEACH CT 92660 false false false false false false false false false false false false false false false false false false false false false John B Heffernan 5100 Birch Street Ste 200 Newport Beach CA 92660 Sec, Dir 1.0 0 0 0 Patrick J Heffernan 5100 Birch Street Ste 200 Newport Beach CA 92660 Treas, Dir 1.0 0 0 0 Robert E Heffernan 5100 Birch Street Ste 200 Newport Beach CA 92660 VP, Dir 1.0 0 0 0 151026 58128 0 209154 0 209154 3137 206017 10301 10301 839 839 9462 9462 9462 217647 0 0 0 0 217647 9462 122918 131020 110979 110224 148762 623903 217647 9462 208185 832088 0 122918 709170 131020 110979 110224 148762 208185 NONE X ABBEY OF NEW CLAIRVAUX PO BOX 80 VINA CA 96092 N/A PC New senior wing 10000 BLANCHET HOUSE OF HOSPITALITY 310 NW GLISAN ST PORTLAND OR 97209 N/A PC General & Unrestricted 5000 BUTTE COUNTY FIREFIGHTERS BURN AND BENEVOLENT FUND 176 NELSON AVE OROVILLE CA 95965 N/A PC General & Unrestricted 2500 CATHOLIC CHARITIES OF ORANGE COUNTY 12141 S LEWIS ST 11TH FLOOR GARDEN GROVE CA 92840 N/A PC Catholic Charities Auxiliary of Orange County 5000 CORPORATION OF GONZAGA UNIVERSITY 502 E BOONE AVE SPOKANE WA 99258 N/A PC General & Unrestricted 10000 FRIENDS OF THE CHILDREN - NATIONAL OFFICE 44 NE MORRIS ST PORTLAND OR 97212 N/A PC Charitable Event 5000 JESUIT HIGH SCHOOL 9000 SW BEAVERTON-HILLSDALE HWY PORTLAND OR 97225 N/A PC General & Unrestricted 10000 LIFENET FAMILY RESOURCE AND PREGNANCY CENTER OF TE 1008 MADISON ST RED BLUFF CA 96080 N/A PC General & Unrestricted 5000 MERCY FOUNDATION NORTH 2625 EDITH AVE STE E REDDING CA 96001 N/A PC St. Elizabeth Hospital Hospice 2500 OUR LADY OF THE LAKE CHURCH 650 A AVE LAKE OSWEGO OR 97034 N/A PC General & Unrestricted 15000 OUR LADY OF THE LAKE CHURCH 650 A AVE LAKE OSWEGO OR 97034 N/A PC Building Our Future - A Sacred Presence Campaign Pledge 25000 OUTSIDE IN 1132 SW 13TH AVE PORTLAND OR 97205 N/A PC Syringe Service/Harm Reduction activities fund 5000 POOR AND THE HOMELESS TEHAMA COUNTY COALITION PO BOX 315 RED BLUFF CA 96080 N/A PC General & Unrestricted 5000 SACRED HEART SCHOOL 2255 MONROE ST RED BLUFF CA 96080 N/A PC Tuition assistance program 15000 ST ANNE SCHOOL 1324 S MAIN ST SANTA ANA CA 92707 N/A PC Sr. Teresa Scholarship Fund 4995 VERBUM DEI JESUIT HIGH SCHOOL 11100 S CENTRAL AVE LOS ANGELES CA 90059 N/A PC General & Unrestricted 85000 209995 14 912 14 4930 18 55996 CLASS ACTION LAWSUIT PROCEEDS 01 28 61866 61866 false false false false false false false false false false NIKE INC NOTE CALL - 2.375% - 9129 9638 ACCENTURE PLC 830 1759 ADVISORS INNER CIRCLE FUND ACA 2575 2493 AIR PRODS & CHEM INC 2637 2900 APPLE INC 3568 5509 BAKER HUGHES COMPANY 470 1436 BAXTER INTERNATIONAL INC 1519 1312 BROOKFIELD RENEWABLE CORPORATI 1589 1521 CARRIER GLOBAL 821 1365 CHARLES SCHWAB CORP 489 1110 CHEVRON CORP 865 1448 CIENA CORP 556 2120 CISCO SYSTEMS INC 931 1776 DIAGEO PLC ADS 2091 1907 EMBRAER EMPRESA BR 234 1651 FIRST ENERGY CORP 1522 1591 GEN DYNAMICS CP 277 527 GOLDMAN SACHS GROUP 694 1718 ISHARE SP SMALL CAP 600 INDEX 1633 2304 ISHARES TRUST MSCI EAFE INDEX 2962 3024 JOHNSON & JOHNSON 981 1446 JP MORGAN CHASE 800 1199 KINDER MORGAN INC 827 1370 METHANEX CORPORATION 1564 1998 MICROSOFT CORP 430 6324 MOLINA HEALTHCARE 1416 1455 NEWMONT GOLDCORP CORPORATION 966 1117 NIKE INC-CL B 1485 1513 QUALCOMM INC 528 1536 REALTY INCOME CORP 1653 1335 SANOFI-AVENTIS SPONSORED ADR 1671 1447 SYSCO CORP 1401 1529 THE EMERGING MARKETS FUND INST 1550 1426 TIMKEN CO COM 747 714 US BANCORP 1156 957 VERIZON COMMUNICATIONS 1773 1800 VISA INC 811 1580 19040 18933 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, 2024, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $209,995. This amount represents 25% or more of the Foundation's net assets of $309,370 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2024. 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 7627 7627 Bank Charges 10 10 State or Local Filing Fees 25 25 Class Action Lawsuit Proceeds 28 28 Investment Management Services 1384 1384 We respectfully request that The Bernice Heffernan Family Foundation's quarterly estimated taxes for taxable year ending December 31, 2024 be treated as timely and request that the $18 penalty indicated on Form 2220 be abated because the underpayment in Q3 and Q4 was due to reasonable cause. Treasury Regulations Sec 301.6651-1(c)(1) defines reasonable 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 calculate its quarterly estimates for tax period ending December 31, 2024. The firm's software correctly determined that the foundation could pay its Q3 and Q4 estimates based on prior year tax liability. However, since that liability was under $500, the software incorrectly indicated that no quarterly payment was due. As soon as the error was discovered, the foundation paid the required tax. We believe that the underpayment was due to reasonable cause and in no way due to an intentional disregard for the rules and respectfully request that no 2220 penalty be assessed. 990-PF Extension for 2023 400 Foreign Tax Paid 133 133