2025-09-11T11:51:57-04:00 2024-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2024-01-01 934606728 The Gray Wolf Foundation % Foundation Source GRAY 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 Yashar Samandarli President 8008391754 2025-09-05 true true Jeffrey D Haskell P01345770 8008391754 2024 2025-03-06 01:10:19Z X 548492 X 350000 240 240 8812 8812 67920 609884 67920 426972 76972 0 270 270 16 16 8958 6 8952 9244 292 8952 0 0 9244 292 8952 417728 76680 0 150001 217705 217705 357242 330787 150001 574947 548492 7218 0 7218 X 150001 567729 150001 567729 150001 574947 150001 417728 567729 567729 Publicly-traded Securities 609884 541964 67920 67920 67920 1066 1066 1066 0 1100 1100 X 34 34 false false false false false false false true true DE true false false false false true Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 false false false true true false false false false false false false false false false false false false false false false false Yashar Samandarli Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres, Sec, Treas 3.0 0 0 0 166574 125072 0 291646 0 291646 4375 287271 14364 14364 1066 1066 13298 13298 13298 8952 0 0 0 0 8952 13298 172 8952 172 8780 0 0 4518 0 0 Yashar Samandarli X 14 240 14 8812 18 67920 76972 76972 false false false false false false false false false false X X 1 Samandarli Yashar 8528 Davis Blvd Suite 134-178 North Richland Hills TX 76182 350000 X Yashar Samandarli Yashar Samandarli, President / Director / Secretary / Treasurer of The Gray Wolf Foundation (the "Foundation"), is an Investment Advisor at the Investment Management firm of Black Sea Investment Group, a disqualified person which provides investment management services to the Foundation. During the taxable year ending December 31, 2024, the Foundation paid $269.76 for investment management services rendered by such disqualified person as reported in Form 990-PF, Part I, Line 16c. Such Investment Management firm billed the Foundation at or below the rate it charges its other clients. ADVANCED DRAINAGE SYSTEMS INC 1000 694 APPLIED MATERIALS INC 4253 3253 ARM HOLDING PLS SPON ADS 24439 24672 BHP BILLITON LIMITED 3046 2442 BRUKER CORPORATION 3674 2931 ELI LILLY & CO 1589 1544 GE HEALTHCARE TECHNOLOGIES INC 1020 860 GLOBAL X COPPER MINERS 17613 15272 INVESCO S&P 500 MOMENTUM ETF 9547 9501 ISHARES MSCI CHINA INDEX FUND 23990 23430 ISHARES RUSSELL 2000 23869 22096 JABIL CIRCUIT INC 1400 1439 MARKET VECTORS - GOLD MINERS E 4199 3391 PROSHARES BITCOIN STRATEGY ETF 18728 15946 PUT - SPDR TECHNOLOGY @ $230.0 158 QUALCOMM INC 2945 2458 SELECT SECTOR SPDR ENERGY FUND 55153 51395 SPDR HOMEBUILDERS ETF 23556 20900 SPDR SER TR S&P OIL & GAS EXPL 54895 52947 SUPER MICRO COMPUTER INC 35497 30480 TARGET CORPORATION 4418 4055 TEREX CORP 1007 740 TOYOTA MTR CORP 1439 1168 VANECK SEMICONDUCTOR ETF 23971 24217 VANGUARD CORP BOND ETF LONG TE 15836 14956 Administrative Fees 3927 3927 Administrative Set-Up Fee 3900 3900 Bank Charges 6 6 Delaware Incorporation Fees 500 500 IRS Application Fees 600 600 State or Local Filing Fees 25 25 OUTSTANDING OPTIONS 7218 Investment Management Services 270 270 We respectfully request that The Gray Wolf Foundation's quarterly estimated taxes for taxable year ending December 31, 2024 be treated as timely and request that the $16 penalty indicated on Form 2220 be abated because the underpayment in Q4 was due to reasonable cause. Treasury Regulations Sec 301.6651-1(c)(1) defines reasonable by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to calculate its quarterly estimates for tax period ending December 31, 2024. The firm's software correctly determined that the foundation could pay its Q4 estimate based on prior year tax liability. However, since that liability was under $500, the software incorrectly indicated that no quarterly payment was due. As soon as the error was discovered, the foundation paid the required tax. We believe that the underpayment was due to reasonable cause and in no way due to an intentional disregard for the rules and respectfully request that no 2220 penalty be assessed. Foreign Tax Paid 16 16