2021-10-14T08:31:15-05:00 2020-12-31 FOUNDATION SOURCE ONE HOLLOW LN STE 212 LAKE SUCCESS NY 11042 990PF 2020-01-01 465144602 The Fries Foundation % Foundation Source FRIE 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 MICHAEL FRIES PRESIDENT 8008391754 2021-09-20 true MICHAEL FRIES 999009999 Jeffrey D Haskell P01345770 8008391754 2020 2022-09-23 18:48:47Z X 2255821 X 3371500 560 560 -115299 3256201 2201676 4998 3261759 2202236 0 15865 15865 15865 0 15865 2003095 2003095 2018960 0 2018960 1242799 2202236 1006158 1275893 1275893 486186 1459250 979928 1492344 2735143 2255821 0 0 X 1492344 2735143 1492344 2735143 1492344 2735143 1492344 1242799 2735143 2735143 Publicly-traded Securities 3256201 1054525 2201676 2201676 2201676 30611 30611 30611 100 0 30520 30620 X 9 9 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 Michael T Fries Foundation Source 501 Silverside Rd Wilmington DE 198091377 Pres, Dir, Sec, Treas 1.0 0 0 0 786701 2014082 0 2800783 0 2800783 42012 2758771 137939 137939 30611 30611 107328 107328 107328 2018960 0 0 0 0 2018960 0 2018960 107328 2018 2017 2016 1918053 1072857 1721422 2407225 1773404 8892961 2018960 107328 1911632 10804593 0 1918053 8886540 1072857 1721422 2407225 1773404 1911632 Michael T Fries X ASPEN COMMUNITY FOUNDATION 455 GOLD RIVERS COURT STE 515 BASALT CO 81621 N/A PC 2020 Rescue Fund 100000 DENVER FOUNDATION 55 MADISON ST 8TH FLOOR DENVER CO 80206 N/A PC The COVID-19 Arts & Culture Relief Fund 10000 DSST PUBLIC SCHOOLS FOUNDATION 3401 QUEBEC ST STE 2000 DENVER CO 80207 N/A PC Charitable Event 25000 GLOBAL DOWN SYNDROME FOUNDATION 3239 E 2ND AVE DENVER CO 80206 N/A PC Charitable Event 25000 GLOBAL DOWN SYNDROME FOUNDATION 3239 E 2ND AVE DENVER CO 80206 N/A PC Charitable Event 25000 MCA DENVER 1485 DELGANY ST DENVER CO 80202 N/A PC Exhibition Endowment Fund, Scholarship Endowment Fund, Youth and Family Fund 750000 NATIONAL JEWISH HEALTH 1400 JACKSON ST DENVER CO 80206 N/A PC Emergency Response Fund 10000 PLATTEFORUM 2700 ARAPAHOE ST DENVER CO 80205 N/A PC General & Unrestricted 10000 SELFLESS LOVE FOUNDATION INC 1095 MILITARY TRAIL 1033 JUPITER FL 33458 N/A PC General & Unrestricted 5000 SERIESFEST 1550 WEWATTA ST NO 820 DENVER CO 80202 N/A PC General & Unrestricted 50000 TRUSTEES OF COLUMBIA UNIVERSITY 33 WEST 60TH ST 7TH FLOOR NEW YORK NY 10023 N/A PC The Fries Professorship of Media and Technology Fund 250000 UNIVERSITY OF COLORADO FOUNDATION PO BOX 17126 DENVER CO 80217 N/A PC Charitable Event 2500 VOLUNTEERS OF AMERICA INC 2660 LARIMER ST DENVER CO 80205 N/A PC Charitable Event 10000 WESLEYAN UNIVERSITY The Wesleyan Fund 318 HIGH ST MIDDLETOWN CT 06459 N/A PC Jeanine Basinger Center for Film Studies Fund 600000 WESLEYAN UNIVERSITY The Wesleyan Fund 318 HIGH ST MIDDLETOWN CT 06459 N/A PC COVID-19 Preparedness Fund 125000 WESLEYAN UNIVERSITY The Wesleyan Fund 318 HIGH ST MIDDLETOWN CT 06459 N/A PC General & Unrestricted 5595 2003095 14 560 18 -115299 Federal Tax Refund 01 4998 -109741 -109741 false false false false false false false false false false X X 1 Fries Michael T 1550 Wewatta Street Suite 1000 Denver CO 80202 3371500 X 1 VIRGIN GALACTIC HOLDINGS SPCE, 100000 sh. 3371500 2020-02-18 LIBERTY GLOBAL PLC - SERIES C 486186 386678 VIRGIN GALACTIC HOLDINGS 973064 593250 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, 2020, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $2,003,095. This amount represents 25% or more of the Foundation's net assets of $1,362,588 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2020. 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 XV, Line 3a; each such grant was made solely for the charitable purpose specified therein. Administrative Fees 15840 15840 State or Local Filing Fees 25 25 Federal Tax Refund 4998