2025-11-10T08:38:59-05:00 2024-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2024-01-01 853971817 Gerri and Rich Wong Family Foundation % Foundation Source GERR 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 Geraldine Wong President 8008391754 2025-11-02 true true Jeffrey D Haskell P01345770 8008391754 2024 2025-03-06 01:10:19Z X 12777240 X 6556506 23490 23490 213849 213849 279248 7948187 6852040 7073093 7089379 0 33500 0 0 33500 45069 45069 77204 404 32570 37 32533 188343 45510 0 66033 3986409 3986409 4174752 45510 0 4052442 2898341 7043869 0 223937 204179 204179 99888 7120713 10618136 12424970 145785 148091 7444538 10968100 12777240 0 0 X 7444538 10968100 7444538 10968100 7444538 10968100 7444538 2898341 625221 10968100 10968100 Publicly-traded Securities 7948187 1096147 6852040 6852040 6852040 97910 97910 97910 47745 0 52200 99945 X 0 2035 2035 false false false false false false true true true CA 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 Geraldine Wong Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres 1.0 0 0 0 Richard Wong Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Sec, Treas 1.0 0 0 0 10456319 556742 0 11013061 0 11013061 165196 10847865 542393 542393 97910 97910 444483 444483 444483 4052442 0 0 0 0 4052442 444483 7151 650547 656163 1276866 2590727 4052442 444483 3607959 6198686 0 6198686 7151 650547 656163 1276866 3607959 Geraldine Wong Richard Wong X ABILITYPATH 350 TWIN DOLPHIN DR STE 123 REDWOOD CITY CA 94065 N/A PC Fund-a-Future pledge 10000 AVALON ACADEMY 630 N SAN MATEO DR SAN MATEO CA 94401 N/A PC Building Hope Campaign 10000 BOYS & GIRLS CLUB OF THE PENINSULA 401 PIERCE RD MENLO PARK CA 94025 N/A PC To support BGCP's Competitive Sports 25000 CASA OF SAN MATEO COUNTY 330 TWIN DOLPHIN DR STE 139 REDWOOD CITY CA 94065 N/A PC General & Unrestricted 10000 CHILDRENS HEALTH COUNCIL INC 650 CLARK WAY PALO ALTO CA 94304 N/A PC General & Unrestricted 3000 FIDELITY INVESTMENTS CHARITABLE GIFT FUND 245 SUMMER ST MZ NM43A BOSTON MA 02210 N/A PC General & Unrestricted (See In-Kind Grant General Explanation attachment) 2988209 LIFEMOVES 2550 GREAT AMERICA WAY STE 201 SANTA CLARA CA 95054 N/A PC General & Unrestricted 25000 PENINSULA BRIDGE PROGRAM 177 BOVET RD STE 120 SAN MATEO CA 94402 N/A PC General & Unrestricted 20000 PLEDGE 1 PERCENT ORG INC 1012 TORNEY AVE SAN FRANCISCO CA 94129 N/A PC General & Unrestricted 50000 POSITIVE COACHING ALLIANCE 66 FRANKLIN ST STE 300 OAKLAND CA 94607 N/A PC General & Unrestricted 10000 SACRED HEART SCHOOLS ATHERTON 150 VALPARAISO AVE ATHERTON CA 94027 N/A PC ANNUAL FUND 2023-2024, SOPHIE'S SCHOLARS PROGRAM, EDUCATING FOR A LIFETIME CAMPAIGN, SHP LACROSSE, AUCTION UNDERWRITING 170000 SACRED HEART SCHOOLS ATHERTON 150 VALPARAISO AVE ATHERTON CA 94027 N/A PC ANNUAL FUND 2024-2025, SOPHIE'S SCHOLARS PROGRAM, CAPITAL CAMPAIGN, SHP LACROSSE, SHP PULSE, AUCTION UNDERWRITING 180000 SAMARITAN HOUSE 4031 PACIFIC BLVD SAN MATEO CA 94403 N/A PC General & Unrestricted 20200 UNIVERSITY OF CHICAGO 5235 S HARPER COURT CHICAGO IL 60615 N/A PC IEL/RUSTANDY, ODYSSEY IN SUPPORT OF VETERANS, HARRIS COUNCIL 415000 UNIVERSITY OF CHICAGO 5235 S HARPER COURT 4TH FL CHICAGO IL 60615 N/A PC Chicago Booth - Rustandy Center Civic Chicago Program 50000 3986409 14 23490 14 213849 18 279248 516587 516587 false false false false false false false false false false X X 1 Wong Family 2006 Trust 535 El Arroya Road Hillsbourogh CA 94010 1004667 X 2 Wong Richard 940 West Santa Inez Ave Hillsborough CA 94010 5551839 X 1 NVIDIA CORP NVDA, 1269 sh. 1004667 2024-02-29 2 CROWDSTRIKE HOLDINGS, INC CRWD, 3011 sh. 986524 2024-03-21 2 CROWDSTRIKE HOLDINGS, INC CRWD, 2572 sh. 993388 2024-07-03 2 FRESHWORKS ORD SHARES CLASS A FRSH, 60680 sh. 995759 2024-12-06 2 CROWDSTRIKE HOLDINGS, INC CRWD, 2728 sh. 998803 2024-12-06 2 FRESHWORKS ORD SHARES CLASS A FRSH, 58800 sh. 983136 2024-12-12 2 CROWDSTRIKE HOLDINGS, INC CRWD, 1469 sh. 537514 2024-12-13 2 CROWDSTRIKE HOLDINGS, INC CRWD, 155 sh. 56715 2024-12-13 Audit Fees 33500 33500 Share Out Grants PART I LINE 25 AND PART XIV LINE 3A PART I LINE 25 AND PART XIV LINE 3A DISTRIBUTIONS OF PROPERTY VALUE AT FAIR MARKET VALUE AT DATE OF DISTRIBUTION METHOD FOR DETERMINING FMV OF SECURITIES: AVERAGE OF HIGH/LOW ON DATE GRANTED TO CHARITY METHOD OF DETERMINING BOOK VALUE OF SECURITIES: COST OR AVERAGE OF HIGH/LOW ON DATE CONTRIBUTED TO FOUNDATION TOTAL FAIR MARKET VALUE OF PROPERTY: $2,988,209 TOTAL BOOK VALUE OF PROPERTY: $2,362,988 TOTAL CASH PORTION OF GRANTS: $- TOTAL AMOUNT OF GRANTS: $2,988,209 FORM 990-PF, PART III, LINE 3 - OTHER INCREASE: $625,221 DETAILS OF ITEMS GRANTED: DESCRIPTION OF PROPERTY: VANGUARD TOTAL BOND MARKET INDEX FD ADMIRAL SHS UNITS: 19,534 DATE OF DISTRIBUTION: 11/12/2024 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $186,550 BOOK VALUE OF PROPERTY: $179,098 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $186,550 DESCRIPTION OF PROPERTY: ISHARE SP SMALL CAP 600 INDEX FD UNITS: 1,759 DATE OF DISTRIBUTION: 11/12/2024 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $220,086 BOOK VALUE OF PROPERTY: $187,034 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $220,086 DESCRIPTION OF PROPERTY: ISHARES S&P 100 ETF UNITS: 1,000 DATE OF DISTRIBUTION: 11/12/2024 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $288,920 BOOK VALUE OF PROPERTY: $181,340 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $288,920 DESCRIPTION OF PROPERTY: FIDELITY LARGE CAP GROWTH INDEX FUND UNITS: 5,998 DATE OF DISTRIBUTION: 11/12/2024 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $233,922 BOOK VALUE OF PROPERTY: $137,654 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $233,922 DESCRIPTION OF PROPERTY: FIDELITY TOTAL INTL INDEX FD UNITS: 22,115 DATE OF DISTRIBUTION: 11/12/2024 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $310,937 BOOK VALUE OF PROPERTY: $284,736 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $310,937 DESCRIPTION OF PROPERTY: FIDELITY INTERMEDIATE TREASURY BOND INDEX UNITS: 29,070 DATE OF DISTRIBUTION: 11/12/2024 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $277,909 BOOK VALUE OF PROPERTY: $269,779 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $277,909 DESCRIPTION OF PROPERTY: FIDELITY 500 INDEX FUND UNITS: 3,821 DATE OF DISTRIBUTION: 11/12/2024 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $794,921 BOOK VALUE OF PROPERTY: $546,250 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $794,921 DESCRIPTION OF PROPERTY: DOUBLELINE TOTAL RETURN BOND UNITS: 32,258 DATE OF DISTRIBUTION: 11/12/2024 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $281,612 BOOK VALUE OF PROPERTY: $294,140 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $281,612 DESCRIPTION OF PROPERTY: DFA U S CORE EQUITY 1 PORTFOLIO UNITS: 8,790 DATE OF DISTRIBUTION: 11/12/2024 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $393,353 BOOK VALUE OF PROPERTY: $282,957 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $393,353 MORGAN STANLEY - 3.125% - 07/2 71581 73258 TORONTO DOMINION BANK SER C - 74204 74833 AFLAC INC 20757 34756 ALPHABET INC CL A 83846 128913 AMAZON COM 111015 149405 AMENTUM HOLDINGS INC 3138 3260 AMPHENOL CORPORATION 92837 170153 APPLE INC 104845 193074 ARES CAPITAL CORPORATION - CLO 45260 49603 ARISTA NETWORKS 45990 165795 BERKSHIRE HATHAWAY INC. CLASS 34379 49861 BLACKROCK INC 29534 34854 BLUE OWL CAPITAL 24995 43496 BLUE OWL CAPITAL CORPORATION 59116 60480 CBRE GROUP 36881 55011 CHEVRON CORP 29665 31285 COHEN & STEERS LOW DURATION PR 63503 59902 COMCAST CORP 36825 25520 DANAHER CORP 33051 31219 DFA U S CORE EQUITY 1 PORTFOLI 481198 584689 DOORDASH ORD SHS CLASS A 12068 26001 DOUBLELINE TOTAL RETURN BOND 763227 753796 EASTMAN CHEMICAL CO 45045 32419 ELEVANCE HEALTH INC 45292 40579 ELI LILLY & CO 46556 52496 EMERSON ELECTRIC CO 29381 36559 ENBRIDGE INC 31168 33605 EQUINIX, INC 18788 21686 FIDELITY 500 INDEX FUND 2667756 2814648 FIDELITY INTERMEDIATE TREASURY 766493 751973 FIDELITY LARGE CAP GROWTH INDE 511192 590538 FIDELITY TOTAL INTL INDEX FD 916391 887299 GEN DYNAMICS CP 26686 33990 GENERAL MILLS INC 24738 25253 HOME DEPOT INC 31716 38121 HUBSPOT INC 25653 34839 ICON PLC - AMERICAN DEPOSITARY 80515 70672 INTUITIVE SURGICAL 36151 63157 ISHARE SP SMALL CAP 600 INDEX 588061 569532 ISHARES S&P 100 ETF 319127 443385 ISHARES TRUST FALLEN ANGELS US 34996 31785 JACOBS SOLUTIONS INC 19015 20711 JP MORGAN CHASE 38370 54414 LOCKHEED MARTIN CORP 40555 49566 LORD ABBETT INVESTMENT TRUST S 33732 31606 MARRIOTT INTERNATIONAL INC. CL 26067 42120 MARTIN MARIETTA MATLS INC 19388 25309 MCDONALD'S CORP 53345 63486 MICROSOFT CORP 116080 173658 NEXTERA ENERGY, INC 52724 51688 NIKE INC-CL B 25130 14226 NORFOLK SOUTHERN CORP 32224 27460 NOVO NORDISK A S 23445 18236 NUVEEN PREFERRED SECURITIES FU 65000 67207 NVIDIA CORP 75548 578790 OCCIDENTAL PETROLEUM CORP 33171 37305 ORACLE CORP 44928 83820 PEPSICO INC 35091 35582 PHILLIPS 66 39697 43977 PRINCIPAL GLOBAL DVRSFD INC FD 25627 22688 PROCTER GAMBLE CO 32771 37386 PROGRESSIVE CORP OHIO 58378 121482 SALESFORCE.COM 55849 74556 SERVICE NOW 74234 152657 SPDR S&P 500 ETF TRUST 104257 139487 THE BLACKSTONE GROUP INC CL A 27836 43105 THERMO FISHER SCIENTIFIC INC 96110 94682 TJX COMPANIES INC 17885 30082 UBER 29921 37579 UNITED RENTALS INC 68903 125390 VANGUARD TOTAL BOND MARKET IND 508331 501733 VERTIV CL A 23135 26017 VISA INC 67591 88491 WALT DISNEY HOLDINGS CO 30871 20934 WELLS FARGO & CO 36271 38070 WISDOMTREE FLOATING RATE TREAS 201442 201280 WISDOMTREE INTERNATIONAL QUALI 27379 26581 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, 2024, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $3,986,409. This amount represents 25% or more of the Foundation's net assets of $8,477,830 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2024. 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 32266 32266 Bank Charges 37 37 Postage/Delivery Service 47 47 State or Local Filing Fees 220 220 GRANT OF PUBLICLY TRADED SECURITIES 625221 Investment Management Services 45069 45069 990-PF Estimated Tax for 2024 47700 990-PF Extension for 2023 29100 Foreign Tax Paid 404 404