2022-08-24T00:59:40-05:00 2021-12-31 FOUNDATION SOURCE ONE HOLLOW LN STE 212 LAKE SUCCESS NY 11042 990PF 2021-09-08 872664106 Six String Giving Foundation % Foundation Source FOUN 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 NIR MASSAFI SECRETARY 8008391754 2022-07-26 true NIR MASSAFI 999009999 Jeffrey D Haskell P01345770 8008391754 2021 2022-09-23 18:48:47Z X X X X 2687337 X 2999065 18 18 1907 1907 -8381 426564 195938 2992609 197863 0 5500 5500 5500 0 5500 311000 311000 316500 0 316500 2676109 197863 189989 189989 2486120 2497348 0 2676109 2687337 0 0 X 2676109 0 2676109 0 2676109 0 2676109 2676109 2676109 Publicly-traded Securities 426564 230626 195938 195938 195938 2750 2750 2750 0 2900 2900 150 150 false false false false true false true true true DE true false true 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 624337 23749 0 648086 0 648086 9721 638365 10056 10056 2750 2750 7306 7306 7306 316500 0 0 0 0 316500 7306 2019 2018 2017 316500 7306 309194 309194 0 309194 309194 David Kroin Michelle Kroin X BOB WOODRUFF FAMILY FOUNDATION INC 1350 BROADWAY RM 905 NEW YORK NY 10018 N/A PC General & Unrestricted 25000 CORNELL UNIVERSITY - WEILL CORNELL MEDICINE 1300 YORK AVE BOX 314 NEW YORK NY 10065 N/A PC Children's Health Council 25000 FJC 31 W 34TH ST STE 8026 NEW YORK NY 10001 N/A PC Natan Fund 36000 HOPEWELL FUND 1828 L ST NW WASHINGTON DC 20036 N/A PC No Patient Left Behind program 100000 MEMORIAL SLOAN-KETTERING CANCER CENTER PO BOX 5028 HAGERSTOWN MD 21741 N/A PC General & Unrestricted 25000 REGENTS OF THE UNIVERSITY OF MICHIGAN 3003 S STATE ST STE 8000 ANN ARBOR MI 48109 N/A PC LSI Annual Fund 50000 SUNRISE DAY CAMPS ASSOCIATION INC 11 NEIL CT OCEANSIDE NY 11572 N/A PC General & Unrestricted 50000 311000 14 18 14 1907 18 -8381 -6456 -6456 false false false false false false false false false false X X 1 Kroin David 200 Greenwich Avenue 3rd Floor Greenwich CT 06830 2999065 X X 1 ISHARE SP SMALL CAP 600 INDEX FD IJR, 577 sh. 63262 2021-12-17 1 ISHARES CORE MSCI EAFE ETF IEFA, 780 sh. 56780 2021-12-17 1 VANGUARD VALUE ETF VTV, 900 sh. 130347 2021-12-17 1 VANGUARD LG-CAP ETF VV, 3470 sh. 746050 2021-12-17 1 ISHARES CORE MSCI EAFE ETF IEFA, 11541 sh. 862805 2021-12-31 1 ISHARES CORE MSCI EMERGING MARKETS IEMG, 4243 sh. 255026 2021-12-31 1 VANGUARD LG-CAP ETF VV, 390 sh. 86172 2021-12-31 1 VANGUARD MID-CAP ETF VO, 1032 sh. 263464 2021-12-31 1 VANGUARD GROWTH ETF VUG, 623 sh. 200625 2021-12-31 1 VANGUARD RUSSELL 1000 VALUE ETF VONV, 3477 sh. 256533 2021-12-31 ISHARE SP SMALL CAP 600 INDEX 63262 66072 ISHARES CORE MSCI EAFE ETF 919586 919639 ISHARES CORE MSCI EMERGING MAR 255026 253986 VANGUARD GROWTH ETF 200625 199921 VANGUARD LG-CAP ETF 397277 406014 VANGUARD MID-CAP ETF 263464 262923 VANGUARD RUSSELL 1000 VALUE ET 256533 256394 VANGUARD VALUE ETF 130347 132399 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: Typically, a finding of a substantial contraction of assets is made by reference to the fair market value of a foundation's net assets on the first day of its calendar year. However, the taxable year ending December 31, 2021 was the year in which the Foundation received its initial endowment and the finding of a substantial contraction in this case was made by reference to the fair market value of the Foundation's assets on the date that it received its initial endowment. Accordingly, the degree of contraction of the Foundation's net assets may have been exaggerated. During the taxable year ending December 31, 2021, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $311,000. This amount represents 25% or more of the Foundation's net assets of $996,439 (as measured by fair market value) on the day that the Foundation received its initial endowment in the Foundation's taxable year ending December 31, 2021. 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 Set-Up Fee 4400 4400 Delaware Incorporation Fees 500 500 IRS Application Fees 600 600 Kroin David 200 Greenwich Avenue 3rd Floor Greenwich CT 06830 Kroin Michelle 200 Greenwich Avenue 3rd Floor Greenwich CT 06830