2021-11-14T20:03:32-06:00 2020-12-31 FOUNDATION SOURCE ONE HOLLOW LN STE 212 LAKE SUCCESS NY 11042 990PF 2020-01-01 806084948 Mark Paul Terk Charitable Trust % Foundation Source MARK 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 GLENN STAACK TRUSTEE 8008391754 2021-11-12 true GLENN STAACK 999009999 Jeffrey D Haskell P01345770 8008391754 2020 2022-09-23 18:48:47Z X 26410369 X 0 X 1969 1969 317666 317666 289657 289657 -294224 559093 2243521 559093 12436 341 1180821 1168726 385516 385516 2075 2075 127509 12897 0 114612 3080 3080 0 0 87261 87261 8370 168685 201463 5590 5590 487462 399647 87815 1275548 712013 0 587943 1644000 1644000 2919548 712013 0 2231943 -1738727 456713 1282668 1417758 1417758 1106791 798107 825419 10175760 9123086 15965395 1688678 1332818 1301845 4638826 1437071 3370440 3201755 6232924 657702 669788 667028 18282039 16543312 26410369 25780 25780 25780 25780 X 18256259 16517532 18256259 16517532 18282039 16543312 18256259 -1738727 16517532 16517532 Publicly-traded Securities 2243521 1684428 559093 559093 559093 6348 6348 6348 10200 0 10200 X 3852 3852 false false false false false false false true true NY true false false false false true Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 false false false false true false false false false false false false false false false false true false false true false false false false Glenn R Staack Foundation Source 501 Silverside Rd Wilmington DE 198091377 Trustee 40.0 385516 0 0 A J Clarke Real Estate Corp PO BOX 516 CHAMPLAIN NY 12919 Real Estate Mgt 293388 Seyfarth Shaw LLP 3807 Collections Center Drive Chicago IL 60693 LEGAL 114612 Cetera Advisor Networks LLC PO BOX 14474 DES MOINES IA 503063474 Investment MGMT 86261 Foundation Source 55 Walls Drive 3rd Fl Fairfield CT 06824 Administrative 85000 16637509 1536287 6899742 25073538 0 25073538 376103 24697435 1234872 1234872 6348 6348 1228524 1228524 1228524 2231943 0 0 0 0 2231943 0 2231943 1228524 2018 2017 2016 1224946 1120102 4523498 810127 2766460 10445133 2231943 1228524 1003419 11448552 0 1224946 10223606 1120102 4523498 810127 2766460 1003419 NONE X COLCHESTER AREA GATHERING PLACE 711 MACOMB ST COLCHESTER IL 62326 N/A PC General & Unrestricted 24000 HUMANE SOCIETY OF UVALDE PO BOX 1650 UVALDE TX 78802 N/A PC fund the Flights To Furever program 10000 MARK TERK CHARITABLE FOUNDATION 4760 PRESTON RD STE 244-359 FRISCO TX 75034 N/A POF Expenditure Responsibility Grant 1585000 UVALDE COUNTY JUNIOR LIVESTOCK SHOW ASSOCIATION PO BOX 1908 UVALDE TX 78802 N/A PC General & Unrestricted 25000 1644000 14 1969 14 317666 16 -294224 18 559093 K-1 Inc/Loss 14 341 INCOME FROM LIFE INSURANCE 01 12095 596940 596940 false false false false false false false false false false Audit Fees 2880 2880 TAX RETURN PREPARATION/REVIEW 200 200 HUDSON 11A 2012-06-26 549080 150080 SL 27 19967 19967 19967 HUDSON 14A 2012-06-26 360668 98578 SL 27 13115 13115 13115 HUDSON 6B 2012-06-26 153936 42077 SL 27 5598 5598 5598 HUDSON 14B 2012-06-26 192352 52577 SL 27 6995 6995 6995 HUDSON 8D 2012-06-26 317408 86754 SL 27 11542 11542 11542 HUDSON 9D 2012-06-26 325380 88934 SL 27 11832 11832 11832 HUDSON 1E 2012-06-26 283836 77577 SL 27 10321 10321 10321 HUDSON 15E 2012-06-26 387804 105996 SL 27 14102 14102 14102 HUDSON 16E 2012-06-26 274088 74916 SL 27 9967 9967 9967 HUDSON 6F 2012-06-26 230920 63115 SL 27 8397 8397 8397 HUDSON 9F 2012-06-26 245270 67039 SL 27 8919 8919 8919 HUDSON 6G 2012-06-26 169940 46451 SL 27 6180 6180 6180 HUDSON 9G 2012-06-26 179476 49052 SL 27 6526 6526 6526 HUDSON 5H 2012-06-26 360668 98578 SL 27 13115 13115 13115 REGO PARK A1 2008-05-25 151000 41392 SL 27 5491 5491 5491 REGO PARK B16 2008-05-25 152000 41664 SL 27 5527 5527 5527 REGO PARK D8 2008-05-25 154000 42214 SL 27 5600 5600 5600 REGO PARK E4 2008-05-25 151000 41392 SL 27 5491 5491 5491 MARK TERK CHARITABLE FOUNDATION 4760 PRESTON ROAD STE 244-359 FRISCO TX 75034 2019-02-25 350000 TO SUPPORT GENERAL OPERATING EXPENSES 350000 NO 10/1/20 NONE NECESSARY MARK TERK CHARITABLE FOUNDATION 4760 PRESTON ROAD STE 244-359 FRISCO TX 75034 2019-04-09 400000 TO SUPPORT GENERAL OPERATING EXPENSES 400000 NO 10/1/20 NONE NECESSARY MARK TERK CHARITABLE FOUNDATION 4760 PRESTON ROAD STE 244-359 FRISCO TX 75034 2019-06-11 1000000 TO SUPPORT GENERAL OPERATING EXPENSES 1000000 NO 10/1/20 NONE NECESSARY MARK TERK CHARITABLE FOUNDATION 4760 PRESTON ROAD STE 244-359 FRISCO TX 75034 2019-07-17 450000 TO SUPPORT GENERAL OPERATING EXPENSES 450000 NO 10/1/20 NONE NECESSARY MARK TERK CHARITABLE FOUNDATION 4760 PRESTON ROAD STE 244-359 FRISCO TX 75034 2019-10-03 250000 TO SUPPORT GENERAL OPERATING EXPENSES 250000 NO 10/1/20 NONE NECESSARY MARK TERK CHARITABLE FOUNDATION 4760 PRESTON ROAD STE 244-359 FRISCO TX 75034 2019-12-30 450000 TO SUPPORT GENERAL OPERATING EXPENSES 450000 NO 10/1/20 NONE NECESSARY MARK TERK CHARITABLE FOUNDATION 4760 PRESTON ROAD STE 244-359 FRISCO TX 75034 2020-03-20 60000 TO SUPPORT GENERAL OPERATING EXPENSES NO expected in 2021 none necessary MARK TERK CHARITABLE FOUNDATION 4760 PRESTON ROAD STE 244-359 FRISCO TX 75034 2020-05-18 75000 TO SUPPORT GENERAL OPERATING EXPENSES NO expected in 2021 none necessary MARK TERK CHARITABLE FOUNDATION 4760 PRESTON ROAD STE 244-359 FRISCO TX 75034 2020-06-19 25000 TO SUPPORT GENERAL OPERATING EXPENSES NO expected in 2021 NONE NECESSARY MARK TERK CHARITABLE FOUNDATION 4760 PRESTON ROAD STE 244-359 FRISCO TX 75034 2020-06-29 300000 TO SUPPORT GENERAL OPERATING EXPENSES NO expected in 2021 none necessary MARK TERK CHARITABLE FOUNDATION 4760 PRESTON ROAD STE 244-359 FRISCO TX 75034 2020-07-23 100000 TO SUPPORT GENERAL OPERATING EXPENSES NO expected in 2021 none necessary MARK TERK CHARITABLE FOUNDATION 4760 PRESTON ROAD STE 244-359 FRISCO TX 75034 2020-08-20 200000 TO SUPPORT GENERAL OPERATING EXPENSES NO expected in 2021 none necessary MARK TERK CHARITABLE FOUNDATION 4760 PRESTON ROAD STE 244-359 FRISCO TX 75034 2020-10-20 300000 TO SUPPORT GENERAL OPERATING EXPENSES NO expected in 2021 none necessary MARK TERK CHARITABLE FOUNDATION 4760 PRESTON ROAD STE 244-359 FRISCO TX 75034 2020-11-12 300000 TO SUPPORT GENERAL OPERATING EXPENSES NO expected in 2021 NONE NECESSARY MARK TERK CHARITABLE FOUNDATION 4760 PRESTON ROAD STE 244-359 FRISCO TX 75034 2020-12-17 225000 TO SUPPORT GENERAL OPERATING EXPENSES NO expected in 2021 NONE NECESSARY Stewards Real Estate Holding Inc 4760 Preston Rd Ste 244-359 Frisco TX 75034 2017-05-18 2000000 PRI INVEST-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE GRANT DATES, AMTS, & AMTS EXPENDED NO 7/24/19, 10/1/20 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE. FORM 990-PF, PART VII-B, LINE 5C - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VII-B, LINE 5C - EXPENDITURE RESPONSIBILITY PRI RECIPIENT: Stewards Real Estate Holding, Inc. DATES AND AMOUNTS OF PRI: DATE: 5/18/2017 AMOUNT: $2,000,000 DATE: 5/19/2017 AMOUNT: $600,000 DATE: 6/6/2017 AMOUNT: $200,000 DATE: 6/29/2017 AMOUNT: $150,000 DATE: 7/13/2017 AMOUNT: $250,000 DATE: 8/11/2017 AMOUNT: $500,000 DATE: 11/7/2017 AMOUNT: $250,000 DATE: 1/12/2018 AMOUNT: $300,000 DATE: 1/29/2018 AMOUNT: $200,000 DATE: 5/17/2018 AMOUNT: $200,000 DATE: 7/10/2018 AMOUNT: $300,000 TOTAL: $4,650,000 PURPOSE OF PRI: To acquire, maintain, renovate, pay debt service for and operate the Morani River Ranch, in conjunction with Stewards of Wildlife Conservation, Inc. REPORTS OF AMOUNTS EXPENDED: Recipient submitted a full and complete financial report of the type ordinarily required by commercial investors under similar circumstances and a statement that it has complied with the terms of the investment for each of its fiscal years indicated below: Date of Report: 7/24/19 FOR FYE 12/31/17 Date of Report: 10/01/20 FOR FYE 12/31/18 Date of Report: 10/01/20 FOR FYE 12/31/19 This investment was written off the foundation's books as of 1/29/19, as it was converted to Mark Terk Charitable Foundation, a 501(c)(3) private operating foundation. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE. AIG INC - 4.872% - 06/01/2022 85867 79572 AIRCASTLE LTD - 5.125% - 03/15 20664 20159 ALCOA INC - 5.125% - 10/01/202 20250 22017 BALL CORP - 4.000% - 11/15/202 20172 21300 BURLINGTON NORTHN SANTA - 6.15 38826 45344 CALUMET SPECIALTY PRODS - 7.62 21468 19800 CENTURY LINK INC - 7.375% - 06 20663 24300 CHESAPEAKE ENERGY CORP - 6.125 19949 900 CLOUD PEAK ENERGY RES - 6.375% 20571 COMCAST CORP - 7.050% - 03/15/ 19618 23032 CROWN CASTLE INTL CORP - 5.250 21349 21885 EL PASO ENERGY CORP - 7.750% - 17598 21685 EL PASO ENERGY CORP - 7.800% - 5947 7140 FORD MTR CO - 7.450% - 07/16/2 19392 19238 FRONTIER COMMUNICATIONS CORP - 16173 7350 FRONTIER COMNS - 8.750% - 04/1 5871 2513 GENL MOTORS FINL CO INC - 4.25 20059 21555 GEORGIA PAC CORP - 8.000% - 01 27277 24403 GOLDMAN SACHS GROUP INC - 5.25 78780 77106 GOLDMAN SACHS GROUP INC - 6.12 38183 50414 HORNBECK OFFSHORE SRV INC - 5. 21612 2 JPMORGAN CHASE & CO - 3.875% - 72918 76879 JPMORGAN CHASE - 7.900% - 12/3 14076 11975 KINDER MORGAN ENERGY PARTNERS 36108 36003 LIBERTY MEDIA CORP - 8.250% - 21292 22425 MICROSOFT CORP - 2.700% - 02/1 55070 59749 MORGAN STANLEY BD - 5.500% - 0 20328 20588 MORGAN STANLEY FR - 3.700% - 1 35061 38948 MOSAIC CO - 4.250% - 11/15/202 20083 21829 NEWFIELD EXPLORATION CO - 5.75 5290 5193 NOVARTIS CAPITAL CORP - 3.400% 35775 39492 NUSTAR LOGISTICS LP - 6.750% - 22135 20050 PNC FIN - 6.750% - 12/31/2049 29013 25619 ROYAL CARIBBEAN CRUISES LTD - 32373 30113 STARWOOD HOTELS - 4.500% - 10/ 29127 34272 TECK RESOURCES LTD - 6.125% - 33205 38685 TYSON FOODS INC NOTE - 4.875% 30624 39297 U S BANCORP MTNS BK SR NT - 4. 81601 75870 VERIZON COMMUNICATIONS INC - 5 58386 61905 VIACOM INC - 6.875% - 04/30/20 18922 21696 WELLS FARGO CO MTN BE - 3.300% 35521 39428 WEYERHAEUSER CO DEB - 7.375% - 19017 22494 WILLIAMS COS - 4.550% - 06/24/ 20060 22387 WINDSTREAM CORP SR NT - 7.750% 22079 1 WPX ENERGY INC - 5.250% - 09/1 24465 27232 ADIENT PLC 2888 2156 AMERICAN AIRLINES GROUP INC 63948 23655 APPLE INC 108466 530760 BERKSHIRE HATHAWAY INC. CLASS 97094 173903 BMY CONTINGENT VALUE RIGHTS 1065 345 BRISTOL-MYERS SQUIBB CO 27950 31015 CONSTELLATION BRANDS INC 33729 54763 CONSUMER DISCRETIONARY SELECT 221676 466262 CUMMINS INC 49076 113550 DB X TRACKERS MSCI EAFE HEDGED 144862 161059 DELTA AIR LINES INC 68457 60315 EVEREST RE GROUP LTD 17540 23409 FIDELITY MSCI INFORMATION TECH 167037 522550 FINANCIAL SELECT SECTOR SPDR F 412380 606109 FIREEYE INC 35251 23060 GENERAL ELECTRIC CO 32207 10800 GENERAL MOTORS 111298 145740 GILEAD SCIENCES INC 51799 29130 GOLDMAN SACHS GROUP 45572 65928 GROUP 1 AUTOMOTIVE INC 20155 32785 INVESCO QQQ TRUST 712427 2130294 ISHARE SP SMALL CAP 600 INDEX 164244 282501 ISHARES CURRENCY HEDGED MSCI E 201185 216611 ISHARES GOLD TRUST 121906 189712 ISHARES MSCI EMERGING MARKETS 185876 206680 ISHARES NASDAQ BIOTECHNOLOGY 160305 234052 ISHARES RUSSELL 2000 264541 431528 ISHARES S&P 500 INDEX FD 130828 355494 ISHARES TR S & P MIDCAP 400 IN 201408 303376 ISHARES TRUST MSCI EAFE INDEX 208373 218880 JOHNSON CONTROLS INTERNATIONAL 28602 29165 KBW REGIONAL BANKING ETF 305166 363650 MONDELEZ INTERNATIONAL INC 34039 43853 MORGAN STANLEY 66342 137060 NIKE INC-CL B 77209 169764 PEABODY ENERGY CORP 1689 157 PROSHARES SHR MSCI E 200679 101883 SELECT SECTOR SPDR ENERGY FUND 258018 132650 SELECT SECTOR SPDR INDUSTRIAL 84365 196670 SELECT SECTOR SPDR-HEALTH CARE 172765 270101 SPDR DOW JONES INDUSTRIAL AVER 217506 382238 SPDR S&P 500 ETF TRUST 753322 1403171 SPDR S&P DIVIDEND ETF 152113 211860 SPDR S&P MIDCAP 400 EFT TRUST 538079 994370 TECHNOLOGY SPDR 239702 650100 THE BLACKSTONE GROUP INC CL A 33044 64810 VANGUARD FTSE EUROPEAN ETF 595817 662640 VANGUARD HIGH DIV YIELD 249774 347738 VANGUARD INFORMATION TECHNOLOG 207577 727745 VANGUARD S&P SMALL CAP 600 202800 335540 VANGUARD SF REIT ETF 185052 227018 VANGUARD TOTAL STOCK MARKET ET 406769 775834 WABTEC 385 366 WALT DISNEY HOLDINGS CO 48729 90590 731879 749301 66228 76118 HUDSON 11A 549080 170047 379033 HUDSON 14A 360668 111693 248975 HUDSON 6B 153936 47675 106261 HUDSON 14B 192352 59572 132780 HUDSON 8D 317408 98296 219112 HUDSON 9D 325380 100766 224614 HUDSON 1E 283836 87898 195938 HUDSON 15E 387804 120098 267706 HUDSON 16E 274088 84883 189205 HUDSON 6F 230920 71512 159408 HUDSON 9F 245270 75958 169312 HUDSON 6G 169940 52631 117309 HUDSON 9G 179476 55578 123898 HUDSON 5H 360668 111693 248975 REGO PARK A1 151000 46883 104117 REGO PARK B16 152000 47191 104809 REGO PARK D8 154000 47814 106186 REGO PARK E4 151000 46883 104117 THE GUARDIAN LIFE INS - WHOLE 666818 666818 VANTAGE DRILLING INTERNATIONAL 2970 210 General Consultations 127509 12897 114612 Administrative Fees 85000 85000 Bank Charges 265 265 Indemnification Insurance 2065 2065 K-1 Exp VANTAGE DRILLING INTER 350 350 EQUIPMENT PURCHASE 1163 1163 Postage/Delivery Service 7 7 Property insurance 7305 7305 Property Maintenance 390122 390122 State or Local Filing Fees 1185 435 750 K-1 Inc/Loss VANTAGE DRILLING INTERNATIONAL 341 341 INCOME FROM LIFE INSURANCE 12095 SECURITY DEPOSITS PAYABLE TO TENANTS 25780 25780 Appraisal Services 1000 1000 Investment Management Services 86261 86261 990-PF Estimated Tax for 2020 1800 990-PF Extension for 2019 6570