2024-04-25T09:45:18-05:00 2023-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2023-01-01 823760826 Chung Foundation % Foundation Source CHUN 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 LEISLE CHUNG PRESIDENT 8008391754 2024-04-15 true LEISLE CHUNG 999009999 true Jeffrey D Haskell P01345770 8008391754 2023 2023-04-26 12:10:37Z X 1927939 X 780010 3570 3570 41638 41638 9659 1221135 9659 834877 54867 0 12072 12072 762 30504 30504 13083 13083 56421 12072 43587 552000 552000 608421 12072 595587 226456 42795 74034 269989 269989 1500926 1531427 1657950 1574960 1801416 1927939 0 0 X 1574960 1801416 1574960 1801416 1574960 1801416 1574960 226456 1801416 1801416 Publicly-traded Securities 1221135 1211476 9659 9659 9659 595 595 595 400 0 400 X 0 195 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 true false false false false false false false false false false false false false false false false false Caleb Chung Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, VP 1.0 0 0 0 Leisle Chung Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres, Sec, Treas 1.0 0 0 0 Vinh Chung Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, VP 1.0 0 0 0 1533299 338035 0 1871334 0 1871334 28070 1843264 92163 92163 595 595 91568 91568 91568 595587 0 0 0 0 595587 91568 2021 2020 2019 9997 540007 473420 273680 699480 1996584 595587 91568 504019 2500603 0 9997 2490606 540007 473420 273680 699480 504019 Leisle Chung Vinh Chung X CASA OF THE PIKES PEAK REGION INC 418 S WEBER ST COLORADO SPGS CO 80903 N/A PC General & Unrestricted 25000 INTERNATIONAL JUSTICE MISSION PO BOX 96961 WASHINGTON DC 20090 N/A PC Northern Triangle - VAWC 100000 Pine Creek High School 10750 THUNDER MOUNTAIN AVE COLORADO SPRINGS CO 80908 N/A GOV To support PCHS Speech and Debate team 7000 WORLD VISION PO BOX 9716 FEDERAL WAY WA 98063 N/A PC Next Gen Fundraiser Campaign for the Hunger Crisis in Somalia 20000 WORLD VISION PO BOX 9716 FEDERAL WAY WA 98063 N/A PC Promesa del Sur project in Honduras 400000 552000 14 3570 14 41638 18 9659 54867 54867 false false false false false false false false false false X X 1 Vanguard Medical Specialists LLC 9348 Grand Cordera Pkwy Ste 160 Colorado Springs CO 80924 780010 X ACCENTURE PLC 10953 14966 ADOBE SYSTEMS, INC 6759 7159 AIR PRODS & CHEM INC 5607 5237 ALPHABET INC CL A 17587 25703 ALPHABET INC CL C 10397 14798 AMAZON COM 39631 43151 AMERICAN TOWER REIT INC 3280 3925 APPLE INC 52252 84188 AUTOMATIC DATA PROCESSING INC 11419 12715 BANK OF AMERICA CORP 14373 14678 BERKSHIRE HATHAWAY INC. CLASS 20427 26393 BLACKROCK INC 5586 6582 BOSTON SCIENTIFIC 5298 5492 BROADCOM INC 14533 27695 CATERPILLAR INC 13748 14564 CF INDUSTRIES HOLDINGS, INC 4204 4396 CHEVRON CORP 15808 15880 CHUBB LIMITED 6603 6780 CIGNA CORPORATION 6250 6644 CISCO SYSTEMS INC 15237 15094 CITIGROUP INC 9793 8432 COLGATE-PALMOLIVE COMPANY 8110 8823 COMCAST CORP 8040 8496 CONOCOPHILLIPS 9442 10458 CONSOLIDATED EDISON INC 8570 9301 COSTCO WHOLESALE CORPORATION 13660 18035 CVS CAREMARK CORP 17443 18512 DEERE CO 7699 7625 DIAMOND HILL CORE BOND FUND CL 111229 96729 DOUBLELINE TOTAL RETURN BOND 112649 96123 DUKE ENERGY CO 12982 12694 EATON VANCE CORE PLUS BOND FUN 24028 24298 ELEVANCE HEALTH INC 22507 23052 EXXON MOBIL CORP 21916 20634 FEDEX CORPORATION 5472 5337 GALLAGHER ARTHUR J & CO 5234 5172 GILEAD SCIENCES INC 27175 27808 GOLDMAN SACHS GROUP 8288 9217 GUGGENHEIM TOTAL RETURN BOND F 73588 72861 HOME DEPOT INC 18630 19627 HUMANA INC 20601 19714 ILLINOIS TOOL WORKS 7770 8290 INCYTE CORPORATION 6964 6781 INTERNATIONAL BUSINESS MACHINE 8213 10080 INTUITIVE SURGICAL 7442 8097 ISHARES 20+ YR TREAS BD 22500 25654 ISHARES JP MORGAN USD EM MKTS 57413 49156 ISHARESLEHMAN 7-10YR 22405 23715 JP MORGAN CHASE 18891 25763 LINDE PLC COM 12083 15065 MARSH AND MCLENNAN COMPANIES I 7233 8000 MASTERCARD INC 15755 18714 MCDONALD'S CORP 13508 16651 MCKESSON CORP 14811 16227 MEDTRONIC PLC 16122 16240 META PLATFORMS INC 17455 24069 MICROSOFT CORP 49969 86379 MORGAN STANLEY 5526 6035 NEWMONT GOLDCORP CORPORATION 7714 5719 NEXTERA ENERGY, INC 12693 9730 NIKE INC-CL B 8755 7976 NVIDIA CORP 9874 26826 ORACLE CORP 3823 6319 PACCAR INC 6899 7031 PROCTER GAMBLE CO 37382 35925 PROGRESSIVE CORP OHIO 5144 6216 PROLOGIS 7715 8977 PUBLIC STORAGE INC 5488 5128 QUALCOMM INC 7830 9964 REPUBLIC SVCS INC 8255 10831 SALESFORCE.COM 6358 7894 SIMON PPTY GROUP INC 2873 2853 SOUTHERN CO 11389 11780 STRYKER CORPORATION 9415 9911 TESLA MOTORS INC 17356 18884 TEXAS INSTRUMENTS INC 9712 10183 THE COCA-COLA CO 26824 25632 UNION PACIFIC 9965 10934 UNITED PARCEL SERVICE 16353 15024 VERIZON COMMUNICATIONS 7014 7647 VISA INC 20854 24057 WASTE MANAGEMENT INC 12870 14073 WELLS FARGO & CO 5756 6806 WESTERN ASSET CORE PORTFOLIO 87959 72770 WESTERN ASSET CORPORATE BOND F 23939 24473 ZOETIS INC 10150 10483 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 $552,000. This amount represents 25% or more of the Foundation's net assets of $1,496,444 (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 13058 13058 State or Local Filing Fees 25 25 Investment Management Services 12072 12072 990-PF Estimated Tax for 2023 400 990-PF Excise Tax for 2022 362