2024-08-08T08:05:51-05:00 2023-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2023-01-01 273143566 The GreerSolien Fund % Foundation Source GREE 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 stephanie solien president 8008391754 2024-08-05 true true Jeffrey D Haskell P01345770 8008391754 2023 2024-08-08 14:25:15Z X 871565 X 193734 9028 9028 10357 10357 342 194075 181038 11183 11183 11183 224644 211606 11183 0 4429 10700 10700 15129 0 10700 245500 245500 260629 0 256200 -35985 211606 11183 178938 142953 142953 342464 342464 328612 400000 400000 400000 921402 885417 871565 0 0 X 921402 885417 921402 885417 921402 885417 921402 -35985 885417 885417 Publicly-traded Securities 194075 13037 181038 181038 181038 2941 2941 2941 2300 0 700 3000 X 0 59 59 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 Frank Greer Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, VP 1.0 0 0 0 Stephanie Solien Foundation Source 501 Silverside Rd Wilmington DE 198091377 Pres, Dir, Sec 1.0 0 0 0 322952 215798 0 538750 0 538750 8081 530669 26533 26533 2941 2941 23592 23592 23592 256200 0 0 0 0 256200 23592 2021 2020 2019 418352 126444 332622 381035 1258453 256200 23592 232608 1491061 0 193734 1297327 224618 126444 332622 381035 232608 Frank Greer Stephanie Solien X AMERICAN RIVERS INC 1101 14TH ST NW STE 1400 WASHINGTON DC 20005 N/A PC General & Unrestricted 15000 BRIGID ALLIANCE INC PO BOX 58 NEW YORK NY 10024 N/A PC General & Unrestricted 2500 CENTER FOR LAW AND SOCIAL POLICY 1310 L ST NW SUITE 990 WASHINGTON DC 20005 N/A PC General & Unrestricted 2500 CLASSICAL 98 1 363 MERCER ST 200 SEATTLE WA 98109 N/A PC General & Unrestricted 500 CLIMATE SOLUTIONS 1402 THIRD AVE SUITE 1200 SEATTLE WA 98101 N/A PC General & Unrestricted 5000 COLLEGE SUCCESS FOUNDATION 15500 SE 30TH PL STE 200 BELLEVUE WA 98007 N/A PC 2022 and 2023 scholarship fund 15000 EARTH MINISTRY 5515 PHINNEY AVE N SEATTLE WA 98103 N/A PC General & Unrestricted 500 EVERGREEN STATE COLLEGE FOUNDATION 2700 EVERGREEN PKWY NW OLYMPIA WA 98505 N/A PC General scholarship Fund 10000 FLORIDA GULF COAST UNIVERSITY FOUNDATION INC 10501 FGCU BLVD S FORT MYERS FL 33965 N/A PC For the public radio station 500 FRIENDS OF THE OLGA STORE BUILDING PO BOX 21 OLGA WA 98279 N/A PC General & Unrestricted 25000 FRIENDS OF THE SAN JUANS PO BOX 1344 FRIDAY HARBOR WA 98250 N/A PC General & Unrestricted 2500 GRIST MAGAZINE INC 1501 E MADISON ST SUITE 650 SEATTLE WA 98122 N/A PC General & Unrestricted 2000 HEALING ARTS CENTER PO BOX 304 EASTSOUND WA 98245 N/A PC General & Unrestricted 3000 HUMANE SOCIETY FOR SEATTLE-KING CO 13212 SE EASTGATE WAY BELLEVUE WA 98005 N/A PC General & Unrestricted 500 KUOW-PUGET SOUND PUBLIC RADIO 4518 UNIVERSITY WAY NE STE 310 SEATTLE WA 98105 N/A PC General & Unrestricted 1000 MARYS PLACE SEATTLE PO BOX 1711 SEATTLE WA 98111 N/A PC General & Unrestricted 1000 ORCA NETWORK 485 LABELLA VISTA WAY FREELAND WA 98249 N/A PC General & Unrestricted 500 ORCAS ANIMAL PROTECTION SOCIETY 84A HOPE LN EASTSOUND WA 98245 N/A PC General & Unrestricted 500 ORCAS FAMILY CONNECTIONS 374 N BEACH RD EASTSOUND WA 98245 N/A PC General & Unrestricted 5000 ORCAS ISLAND COMMUNITY FOUNDATION PO BOX 1496 EASTSOUND WA 98245 N/A PC General & Unrestricted 100000 ORCAS ISLAND COMMUNITY FOUNDATION PO BOX 1496 EASTSOUND WA 98245 N/A PC for proposals 5000 ORCAS ISLAND FOOD BANK PO BOX 424 EASTSOUND WA 98245 N/A PC General & Unrestricted 1000 REGENTS OF THE UNIVERSITY OF CALIFORNIA - UC DAVIS ONE SHIELDS AVE DAVIS CA 95616 N/A PC SeaDocs Society 10500 SALISH CURRENT 772 MAHONIA DR BELLINGHAM WA 98229 N/A PC General & Unrestricted 2500 SAN JUAN PRESERVATION TRUST 468 ARGYLE AVE STE B FRIDAY HARBOR WA 98250 N/A PC General & Unrestricted 1500 SAVING GREAT ANIMALS 18451 SE 135TH ST RENTON WA 98059 N/A PC General & Unrestricted 6000 SEATTLE AQUARIUM SOCIETY-SEAS 1483 ALASKAN WAY PIER 59 SEATTLE WA 98101 N/A PC General & Unrestricted 10000 SEATTLE PARKS FOUNDATION PO BOX 3541 SEATTLE WA 98124 N/A PC Northwest Conservation Philanthropy Fellowship Fund 4000 SIGHTLINE INSTITUTE 1402 3RD AVE STE 500 SEATTLE WA 98101 N/A PC General & Unrestricted 1000 SOUTHWEST FLORIDA COMMUNITY FOUNDATION INC 2031 JACKSON ST STE 100 FORT MYERS FL 33901 N/A PC Useppa Butterfly Society Fund 500 TOWN HALL ASSOCIATION 720 SENECA ST STE A SEATTLE WA 98101 N/A PC General & Unrestricted 2500 WILD ORCA PO BOX 294 FRIDAY HARBOR WA 98250 N/A PC General & Unrestricted 3000 WOLF HOLLOW WILDLIFE REHABILITATION CENTER PO BOX 391 FRIDAY HARBOR WA 98250 N/A PC General & Unrestricted 500 YOUTHCARE PO BOX 15258 SEATTLE WA 98115 N/A PC General & Unrestricted 5000 245500 14 9028 14 10357 18 342 INTEREST INCOME FROM PRI 11183 19727 11183 30910 11 Interest income from program related investments, Opal Community Land Trust, Opal Community Land Trust (2%) and Friends of the Olga Store Building, provide access to affordable housing in the Orcas Island community. false false false false false false false false false false X X 1 Greer Frank 571 Buoy Bay Road Olga WA 98279 193734 X 1 MICROSOFT CORP MSFT, 165 sh. 50634 2023-05-01 1 APPLE INC AAPL, 295 sh. 50016 2023-05-01 1 APPLE INC AAPL, 275 sh. 50168 2023-06-12 1 AMERICAN EXPRESS CO AXP, 245 sh. 42916 2023-06-13 Form 990-PF, Part XII, Line 7 Form 990-PF, Part XII, Line 7 Election to Treat Unused Prior Year Corpus Distributions as Current Year Corpus Distributions Pursuant to Treasury Regulations 53.4942(a)-3(c)(2)(iv), The GREER/SOLIEN FUND hereby elects to treat, as a current distribution out of corpus, the following unused prior years' distributions that were treated as corpus distributions under Regulation 53.4942(a)-3(d)(1)(iii) in such prior tax year: Tax Year: 12/31/2019 Amount: $193,734 TOTAL Amount: $193,734 By: STEPHANIE SOLIEN Title: PRESIDENT Form 990-PF, Part XII, Line 7 Form 990-PF, Part XII, Line 7 Amount Treated as Distributions out of Corpus to Satisfy Section 170(b)(1)(F)(ii) The GREER/SOLIEN FUND (the "Foundation") hereby elects to satisfy the requirements of Internal Revenue Code ("Code") Section 170(b)(1)(F)(ii) in respect of contributions of publicly traded securities with a value of $193,734 received in the taxable year ending December 31, 2023 (the "Conduit Election Year"). To satisfy the requirements of Code Section 170(b)(1)(F)(ii), a private non-operating foundation must: (A) by the end of the Conduit Election Year, distribute any undistributed income from the year immediately preceding the Conduit Election Year; (B) distribute, in the absence of an election under Code Section 4942(h)(2), any undistributed income from the Conduit Election Year by the end of the Conduit Election Year; and (C) make qualifying distributions treated as distributions out of corpus by no later than the 15th day of the third month of the taxable year following the Conduit Election Year in an amount equal to 100 percent of the contributions received by such foundation in the Conduit Election Year. A. Satisfaction of Minimum Distribution Requirement for the Conduit Election Year. As reported on Part XII, Line 2, column (c), the undistributed income for the year immediately preceding the Conduit Election Year is $0. In other words, the Foundation had no undistributed income for 2022. B. Timely Satisfaction of Minimum Distribution Requirement for the Taxable Year following the Conduit Election Year. As reported on Part XII, Line 6f, column (d), the undistributed income for the Conduit Election Year is $0. In other words, the Foundation had no undistributed income for 2023. C. Sufficient Timely Qualified Distributions Made Out of Corpus. To satisfy the requirements of Internal Revenue Code Section 170(b)(1)(F)(ii), the Foundation had until March 15, 2024, the 15th day of the third month of the taxable year following the Conduit Election Year, to make distributions out of corpus in an amount equal to 100 percent of the contributions received by it in the Conduit Election Year, $193,734. As reported on Part XII, Line 7, the Foundation is treating $193,734 as a current distribution out of corpus in full satisfaction of the requirements of Code Section 170(b)(1)(F)(ii) in respect of the Conduit Election Year. The Foundation has attached the necessary election, pursuant to Treasury Regulations Section 53.4942(a)-3(c)(2)(iv), to treat $193,734, of its unused prior years' corpus distributions, as a current distribution out of corpus. T. ROWE PRICE SHORT TERM BOND 100000 94410 VANGUARD SHORT-TERM CORPORATE 242464 234202 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 $245,500. This amount represents 25% or more of the Foundation's net assets of $899,483 (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. PRI - FRIENDS OF THE OLGA STOR 200000 200000 PRI - OPAL COMMUNITY LAND 2% 100000 100000 PRI - OPAL COMMUNITY LAND TRUS 100000 100000 Administrative Fees 10675 10675 State or Local Filing Fees 25 25 Interest Income from PRI 11183 11183 11183 990-PF Estimated Tax for 2023 2300 990-PF Excise Tax for 2022 2129