The Foundation Source Charitable Foundation
EIN 201459350About
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 March 31, 2021, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $18,136. This amount represents 25% or more of the Foundation's net assets of $8,629 (as measured by fair market value) at the beginning of the Foundation's taxable year ending March 31, 2021. 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 XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2016 | $10K | $16K | $8K | 28 |
| 2021 | $18K | $8K | $20K | 13 |
| 2022 | $25K | $13K | $30K | 14 |
| 2023 | $3K | $31K | $20K | 1 |
| 2024 | $4K | $27K | $207 | 32 |
Grant Size Distribution
Based on 88 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (88 total)
| Purpose | ||||
|---|---|---|---|---|
| Homefront Inc | Stamford, CT | $5,000 | Barn Raiser sponsorship Campaign | 2016 |
| Bright Funds Foundation | Oakland, CA | $3,136 | General & Unrestricted | 2021 |
| Bright Funds Foundation | San Jose, CA | $2,622 | General & Unrestricted | 2023 |
| Bridgeport Rescue Mission Inc | Bridgeport, CT | $2,500 | General & Unrestricted | 2021 |
| Helping Hands Outreach | Bridgeport, CT | $2,500 | General & Unrestricted | 2021 |
| Helping Hands Outreach | Bridgeport, CT | $2,500 | General & Unrestricted | 2022 |
| International Rescue Committee Inc | Albert Lea, MN | $2,500 | In support of the crisis in Ukraine | 2022 |
| K Valenzuela | Bridgeport, CT | $2,500 | Hardship Assistance Grant | 2022 |
| Save the Children | Guntown, MS | $2,500 | Ukraine Crisis Relief Fund | 2022 |
| St Jude Childrens Research Hospital Inc | Memphis, TN | $1,600 | General & Unrestricted | 2016 |
| D Serrano | Bridgeport, CT | $1,500 | Hardship Assistance Grant | 2022 |
| E Henton | Bridgeport, CT | $1,500 | Hardship Assistance Grant | 2022 |
| H Gross | Bridgeport, CT | $1,500 | Hardship Assistance Grant | 2022 |
| J Torres | Bridgeport, CT | $1,500 | Hardship Assistance Grant | 2022 |
| L Alston | Bridgeport, CT | $1,500 | Hardship Assistance Grant | 2022 |
| M Rivera | Bridgeport, CT | $1,500 | Hardship Assistance Grant | 2022 |
| S Rosado | Bridgeport, CT | $1,500 | Hardship Assistance Grant | 2022 |
| T Lopes | Bridgeport, CT | $1,500 | Hardship Assistance Grant | 2022 |
| T Swaid | Bridgeport, CT | $1,500 | Hardship Assistance Grant | 2022 |
| W Alston | Bridgeport, CT | $1,500 | Hardship Assistance Grant | 2022 |
| A Heard | Bridgeport, CT | $1,000 | Hardship Assistance Grant | 2021 |
| B Wilkes | Bridgeport, CT | $1,000 | Hardship Assistance Grant | 2021 |
| C Davis | Bridgeport, CT | $1,000 | Hardship Assistance Grant | 2021 |
| C Glenn | Bridgeport, CT | $1,000 | Hardship Assistance Grant | 2021 |
| Connecticut Institute for Refugees and Immigrants | Bridgeport, CT | $1,000 | General & Unrestricted | 2021 |