2025-10-16T18:39:29-04:00 2024-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2024-01-01 872914039 Al King Family Foundation % Foundation Source ALKI 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 Al W King III President 8008391754 2025-10-07 true true Jeffrey D Haskell P01345770 8008391754 2024 2025-03-06 01:10:19Z X 11675351 X 2745090 109727 109727 109432 109432 2585481 11083984 3787909 5549730 4007068 0 1187 1187 200 23012 23012 24399 1187 23012 20000 20000 44399 1187 43012 5505331 4005881 0 313970 11562860 11562860 5853319 109760 112491 6167289 11672620 11675351 0 0 X 6167289 11672620 6167289 11672620 6167289 11672620 6167289 5505331 11672620 11672620 Publicly-traded Securities 11083984 7296075 3787909 3787909 3787909 55682 55682 55682 60 0 57200 57260 X 0 1578 1578 false false false false false false false true true DE true false false false true true Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 true UK false false false false false false false false false false false false false false false false false false false false Al W King III Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres, Sec, Treas 1.0 0 0 0 5825316 2683737 0 8509053 0 8509053 127636 8381417 419071 419071 55682 55682 363389 363389 363389 43012 0 0 0 0 43012 363389 36744 43012 36744 6268 0 0 357121 0 0 Al W King III X MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC 555 CALIFORNIA ST 14TH FL SAN FRANCISCO CA 94104 N/A PC Al King Family Foundation FUND 20000 20000 14 109727 14 109432 18 2585481 2804640 2804640 false false false false false false false false false false X X 1 King III Al W 37 Ferry Lane East Westport CT 06880 2745090 X X 1 JTC PLC JTCPF, 194015 sh. 2720090 2024-09-09 AMERICAN BEACON AHL MNGD FUTUR 3480 3398 ARISTOTLE VALUE EQUITY FUND CL 5863 6052 BLACKROCK GLOBAL LONG SHORT EQ 5821 5600 FIRST TR EXCHANGE TRADED FD VI 2456 2336 FIRST TRUST S&P REIT INDEX F 2335 2260 GLOBAL X MLP & ENERGY INFRASTR 1816 2273 GOLDMAN SACHS ABSOLUTE RETURN 4234 4498 GUGGENHEIM TOTAL RETURN BOND F 24884 23216 HARRIS ASSOCIATION INVT TRUST 5339 6178 HARTFORD MUTUAL FDS INC INTL V 7530 8711 INVESCO S&P MIDCAP 400 PURE VA 959 1143 JANUS ENTERPRISE CL I 3408 3346 PGIM ULTRA SHORT BD ETF 1139 1144 POLEN GROWTH FUND INSTITUTIONA 4297 4969 SCHRODER EMERGING MKT EQUITY F 5812 5576 VANGARD RUSSELL 1000 GROWTH 3123 5273 VANGUARD S&P 500 ETF 2458 3409 WELLS FARGO CORE PLUS BOND FUN 24806 23109 Administrative Fees 22987 22987 State or Local Filing Fees 25 25 Investment Management Services 1187 1187 We respectfully request that Al King Family Foundation's quarterly estimated taxes for taxable year ending December 31, 2024 be treated as timely and request that the $8 penalty indicated on Form 2220 be abated because the underpayment in Q3 and 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 Q3 and 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. 990-PF Extension for 2023 200