2024-05-14T11:03:51-05:00 2023-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2023-01-01 261595570 Teel Family Foundation % Foundation Source TEEL 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 KAREN TEEL PRESIDENT 8008391754 2024-05-07 true KAREN TEEL 999009999 true Jeffrey D Haskell P01345770 8008391754 2023 2023-04-26 12:10:37Z X 203998 X 0 X 156 156 4976 4976 11635 60814 11635 16767 16767 0 2161 2161 87 3037 3037 5285 2161 3037 71500 71500 76785 2161 74537 -60018 14606 17051 6212 6212 203936 154757 197786 220987 160969 203998 0 0 X 220987 160969 220987 160969 220987 160969 220987 -60018 160969 160969 Publicly-traded Securities 60814 49179 11635 11635 11635 203 203 203 0 0 203 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 Liane Smith Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, VP, Sec 1.0 0 0 0 Magnolia Marie Smith Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 Kathryn Snyder Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, VP 1.0 0 0 0 Karen M Teel Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres 1.0 0 0 0 Lewis W Skip Teel Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, VP 1.0 0 0 0 221729 4198 0 225927 0 225927 3389 222538 11127 11127 203 203 10924 10924 10924 74537 0 0 0 0 74537 10924 2021 2020 2019 29361 33732 42504 32373 14352 152322 74537 10924 63613 215935 0 29361 186574 33732 42504 32373 14352 63613 Karen M Teel X ASHEVILLE COMMUNITY THEATRE INC 35 E WALNUT ST ASHEVILLE NC 28801 N/A PC Flyin West Sponsorship Fund 7500 ASHEVILLE COMMUNITY THEATRE INC 35 E WALNUT ST ASHEVILLE NC 28801 N/A PC Native Gardens Tickets & Spanish Translation of Play 4000 DIFFERENT STROKES PERFORMING ARTS COLLECTIVE 25 TREY BOURNE DR ASHEVILLE NC 28804 N/A PC funds for marketing and advertising in communities of color 10000 NEW YORK CITY MASTER CHORALE INC 511 AVE OF THE AMERICAS STE 74 NEW YORK NY 10011 N/A PC General & Unrestricted 25000 OREGON SHAKESPEARE FESTIVAL ASSOCIATION 15 S PIONEER ST ASHLAND OR 97520 N/A PC Promoting Theatre Diversity, Equity, and Inclusion 25000 71500 14 156 14 4976 18 11635 16767 16767 false false false false false false false false false false ALLSPRING SPECIAL SMALL CAP VA 9720 12235 BAIRD MIDCAP FUND INSTL 4869 5201 BANK OF AMERICA CORP 4204 3367 BLACKROCK EVENT DRIVEN EQUITY 9745 10051 DIAMOND HILL LARGE CAP INSTITU 18478 22370 HARDING LOEVNER INTL EQUITY 4477 4837 ISHARES BARCLAYS US AGGREGATE 21246 18659 ISHARES RUSSELL 2000 6329 10437 ISHARES S&P 100 ETF 16215 29264 ISHARES TRUST RUSSELL MIDCAP I 10303 15157 LOOMIS SAYLES FDS GWTH FD CL Y 8744 11528 MFS MID CAP VALUE FUND CLASS R 5753 7346 NEUBERGER BERMAN ALTRNTIVE FDS 5997 6960 PIMCO UNCONSTRAINED BOND FUND 3431 3096 VANGUARD S&P 500 ETF 16581 30140 WESTERN ASSET CORE BOND FUND C 8665 7138 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, 2023, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $71,500. This amount represents 25% or more of the Foundation's net assets of $246,100 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2023. 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 3012 3012 State or Local Filing Fees 25 25 Investment Management Services 2161 2161 990-PF Excise Tax for 2022 87