2025-11-17T16:10:43-05:00 2024-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2024-01-01 273143566 The GreerSolien Fund % Foundation Source GREE 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 STEPHANIE SOLIEN PRESIDENT 8008391754 2025-11-18 true true Jeffrey D Haskell P01345770 8008391754 2024 2025-03-06 01:10:19Z X 800750 X 200145 1465 1465 12955 12955 -712 220618 183814 11183 11183 11183 225036 209417 11183 0 700 10914 10914 11614 0 10914 251500 226500 263114 0 237414 -38078 209417 11183 142953 151059 151059 342464 321280 311096 400000 338595 338595 885417 810934 800750 0 0 X 885417 810934 885417 810934 885417 810934 885417 -38078 847339 36405 810934 Publicly-traded Securities 220618 36804 183814 183814 183814 2911 2911 2911 59 0 3000 3059 X 0 148 148 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 Frank Greer Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, VP 1.0 0 0 0 Stephanie Solien Foundation Source 501 Silverside Rd Wilmington DE 198091377 Pres, Dir, Sec 1.0 0 0 0 309794 93457 0 403251 0 403251 6049 397202 19860 19860 2911 2911 16949 4815 21764 21764 237414 0 0 0 0 237414 21764 224618 126444 414072 372982 227621 1365737 237414 21764 215650 1581387 0 200145 24473 1356769 126444 414072 372982 227621 215650 Frank Greer Stephanie Solien X AAPC FOUNDATION 1750 TYSONS BLVD STE 1500 MCLEAN VA 22102 N/A SO II Lake/Divall fellowship scholarship fund 5000 BACKPACK BRIGADE 4111 E MADISON ST SEATTLE WA 98112 N/A PC General & Unrestricted 1000 CLASSICAL 98 1 363 MERCER ST STE 200 SEATTLE WA 98109 N/A PC General & Unrestricted 500 CLIMATE SOLUTIONS 1402 THIRD AVE SUITE 1200 SEATTLE WA 98101 N/A PC General & Unrestricted 2500 FOUNDATION FOR WESTERN WASHINGTON UNIVERSITY AND A 516 HIGH ST MS 9034 BELLINGHAM WA 98225 N/A PC Endowment to create communications internship for the Salish sea institute 150000 FRACTURED ATLAS PRODUCTIONS INC PO BOX 55 HARTSDALE NY 10530 N/A PC The Hearth support fund 5000 FRIENDS OF THE OLGA STORE BUILDING PO BOX 21 OLGA WA 98279 N/A PC General & Unrestricted 25000 FRIENDS OF THE SAN JUANS PO BOX 1344 FRIDAY HARBOR WA 98250 N/A PC General & Unrestricted 5000 FUSE INNOVATION FUND PO BOX 4897 SEATTLE WA 98194 N/A PC General & Unrestricted 5000 HEALING ARTS CENTER PO BOX 304 EASTSOUND WA 98245 N/A PC General & Unrestricted 1000 HOPELINK 8990 154TH AVE NE REDMOND WA 98052 N/A PC General & Unrestricted 2500 KRUGER SAILING CREATIVE PO BOX 485 EASTSOUND WA 98245 N/A PC Team Juvenile Delinquents, R2AK 2024 fund 1000 L Collins 8317 S 19th Street Tacoma WA 98466 NONE I Hardship Assistance Grant 6500 NEO PHILANTHROPY INC 1001 AVE OF THE AMERICAS 12TH FL NEW YORK NY 10018 N/A PC general operations of CERD Project 1000 OCEANS INITIATIVE 117 E LOUISA ST 135 SEATTLE WA 98102 N/A PC General & Unrestricted 5000 OPAL COMMUNITY LAND TRUST PO BOX 1133 EASTSOUND WA 98245 N/A PC General & Unrestricted 2500 ORCAS ANIMAL PROTECTION SOCIETY 84A HOPE LN EASTSOUND WA 98245 N/A PC General & Unrestricted 500 ORCAS FAMILY CONNECTIONS 374 N BEACH RD EASTSOUND WA 98245 N/A PC General & Unrestricted 5000 ORCAS ISLAND COMMUNITY FOUNDATION PO BOX 1496 EASTSOUND WA 98245 N/A PC Community Cornerstone program 2500 ORCAS ISLAND COMMUNITY FOUNDATION PO BOX 1496 EASTSOUND WA 98245 N/A PC LYFT fund 1000 ORCAS ISLAND FOOD BANK PO BOX 424 EASTSOUND WA 98245 N/A PC General & Unrestricted 1000 QUEEN ANNE HELPLINE INC 311 W MCGRAW ST SEATTLE WA 98119 N/A PC General & Unrestricted 1000 SAN JUAN PRESERVATION TRUST 468 ARGYLE AVE STE B FRIDAY HARBOR WA 98250 N/A PC General & Unrestricted 1500 SAVING GREAT ANIMALS 18451 SE 135TH ST RENTON WA 98059 N/A PC General & Unrestricted 1000 SIGHTLINE INSTITUTE 92 LENORA ST PB 189 SEATTLE WA 98121 N/A PC General & Unrestricted 1000 TOWN HALL ASSOCIATION 720 SENECA ST STE A SEATTLE WA 98101 N/A PC General & Unrestricted 3000 UC DAVIS FOUNDATION ONE SHIELDS AVE DAVIS CA 95616 N/A PC SeaDoc Society fund 5000 UNIVERSITY OF NEW MEXICO FOUNDATION INCORPORATED TWO WOODWARD CTR 700 LOMAS BLVD NE ALBUQUERQUE NM 87102 N/A PC Endowed Fred Harris congressional internship program scholarship fund 5000 WASHINGTON CONSERVATION ACTION EDUCATION FUND 1417 4TH AVE STE 800 SEATTLE WA 98101 N/A PC General & Unrestricted 5000 WOLF HOLLOW WILDLIFE REHABILITATION CENTER PO BOX 391 FRIDAY HARBOR WA 98250 N/A PC General & Unrestricted 500 251500 14 1465 14 12955 18 -712 INTEREST INCOME FROM PRI 11183 13708 11183 24891 11 interest income from program related investments, Opal community land trust, opal community land trust (2%) and friends of the olga store building, provide access to affordable housing in the orcas island community. false false false false false false false false false false X X 1 Frank Greer 571 Buoy Bay Road Olga WA 98279 200145 X 1 ALPHABET INC CL C GOOG, 225 sh. 39220 2024-11-15 1 AMERICAN EXPRESS CO AXP, 70 sh. 20161 2024-11-15 1 APPLE INC AAPL, 175 sh. 39479 2024-11-15 1 JP MORGAN CHASE JPM, 125 sh. 30493 2024-11-15 1 MICROSOFT CORP MSFT, 95 sh. 39731 2024-11-15 1 TESLA MOTORS INC TSLA, 98 sh. 31061 2024-11-15 FORM 990-PF, PARTS I AND XIV: FORM 990-PF, PARTS I AND XIV: TOTAL Part I, Line 25, Column (a) and Part XIV, Line 3a: $251,500 Less PRI forgiveness amount not treated as qualifying distribution: $25,000 TOTAL Part I, Line 25, Column (d): $226,500 Form 990-PF, Part XII, Line 7 Form 990-PF, Part XII, Line 7 Election to Treat Unused Prior Year Corpus Distributions as Current Year Corpus Distributions Pursuant to Treasury Regulations Section 53.4942(a)-3(c)(2)(iv), The Greer/Solien Fund hereby elects to treat, as a current distribution out of corpus, the following unused prior year's distributions that were treated as corpus distributions under Treasury Regulations Section 53.4942(a)-3(d)(1)(iii) in such prior tax year: Tax Year: [2019] Amount: $200,145 By: STEPHANIE SOLIEN Title: PRESIDENT Amount Treated as Distributions out of Corpus to Satisfy Section 170(b)(1)(F)(ii) The Greer/Solien Fund (the "Foundation") hereby elects to satisfy the requirements of Internal Revenue Code ("Code") Section 170(b)(1)(F)(ii) in respect of contributions of publicly traded securities with a value of $200,145 received in the taxable year ending December 31, 2024 (the "Conduit Election Year"). To satisfy the requirements of Code Section 170(b)(1)(F)(ii), a private non-operating foundation must: (A) by the end of the Conduit Election Year, distribute any undistributed income from the year immediately preceding the Conduit Election Year; (B) distribute, in the absence of an election under Code Section 4942(h)(2), any undistributed income from the Conduit Election Year by the end of the Conduit Election Year; and (C) make qualifying distributions treated as distributions out of corpus by no later than the 15th day of the third month of the taxable year following the Conduit Election Year in an amount equal to 100 percent of the contributions received by such foundation in the Conduit Election Year. A. Satisfaction of Minimum Distribution Requirement for the Conduit Election Year. As reported on Part XII, Line 2, column (c), the undistributed income for the year immediately preceding the Conduit Election Year is $0. In other words, the Foundation had no undistributed income for 2023. B. Timely Satisfaction of Minimum Distribution Requirement for the Taxable Year following the Conduit Election Year. As reported on Part XII, Line 6f, column (d), the undistributed income for the Conduit Election Year is $0. In other words, the Foundation had no undistributed income for 2024. C. Sufficient Timely Qualified Distributions Made Out of Corpus. To satisfy the requirements of Internal Revenue Code Section 170(b)(1)(F)(ii), the Foundation had until March 15, 2025, the 15th day of the third month of the taxable year following the Conduit Election Year, to make distributions out of corpus in an amount equal to 100 percent of the contributions received by it in the Conduit Election Year, $200,145. As reported on Part XII, Line 7, the Foundation is treating $200,145 as a current distribution out of corpus in full satisfaction of the requirements of Code Section 170(b)(1)(F)(ii) in respect of the Conduit Election Year. The Foundation has attached the necessary election, pursuant to Treasury Regulations Section 53.4942(a)-3(c)(2)(iv), to treat $200,145, of its unused prior years' corpus distributions, as a current distribution out of corpus. Form 990-PF, Part XII Part XII (990-PF) The amounts of the excess grants carryover shown in Part XII, Line 3, in respect of the taxable years comprising the "adjustment period", as such term is defined in IRC Section 4942(i)(2), have been corrected in lieu of filing amended returns for such years. The Foundation would not have been subject to any penalties under IRC Section 4942 if the original returns filed for the taxable years comprising the adjustment period had reflected the corrected excess grants carryover amounts. T. ROWE PRICE SHORT TERM BOND 78816 75063 VANGUARD SHORT-TERM CORPORATE 242464 236033 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 $251,500. This amount represents 25% or more of the Foundation's net assets of $871,565 (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. PRI - FRIENDS OF THE OLGA STOR 138595 138595 PRI - OPAL COMMUNITY LAND TRUS 100000 100000 PRI - OPAL COMMUNITY LAND TRUS 100000 100000 PRIOR PERIOD PRI PRINCIPAL PAYMENTS 36405 Administrative Fees 10889 10889 State or Local Filing Fees 25 25 Interest Income from PRI 11183 11183 11183 990-PF Extension for 2023 700