2024-09-19T13:16:05-05:00 2023-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2023-01-01 853068681 The Silseth Foundation % Foundation Source SILS 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 john silseth president 8008391754 2024-09-14 true true Jeffrey D Haskell P01345770 8008391754 2023 2024-08-08 14:25:15Z X 6897040 X 5182598 1216 1216 29796 29796 200830 1279175 976387 -1699 132 5412741 1007531 0 4599 11277 71 11061 15876 71 11061 369250 369250 385126 71 380311 5027615 1007460 49753 21042 21042 996166 5987453 6806998 65039 69000 1045919 6073534 6897040 0 0 X 1045919 6073534 1045919 6073534 1045919 6073534 1045919 5027615 6073534 6073534 Publicly-traded Securities 1279175 302179 976996 976996 Passthrough K1 Capital Gain/(Loss) -609 976387 14004 14004 14004 4500 0 9900 14400 X 0 396 396 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 Jennifer S Binversie Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Sec 0.0 0 0 0 John M Silseth Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres 1.0 0 0 0 John B Silseth Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Treas 0.0 0 0 0 Karen K Silseth Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, VP 1.0 0 0 0 4273263 47825 0 4321088 0 4321088 64816 4256272 212814 212814 14004 14004 198810 198810 198810 380311 0 0 0 0 380311 198810 2021 2020 2019 6500 22576 178054 207130 380311 198810 181501 388631 0 388631 6500 22576 178054 181501 John M Silseth Karen K Silseth X ALDO LEOPOLD FOUNDATION INC E13701 LEVEE RD BARABOO WI 53913 N/A PC General & Unrestricted 7500 ASTRONOMERS WITHOUT BORDERS INC 26500 AGOURA RD STE 102 PMB 618 CALABASAS CA 91302 N/A PC General & Unrestricted 1000 BADGER INSTITUTE INC 700 W VIRGINIA ST STE 301 MILWAUKEE WI 53204 N/A PC General & Unrestricted 7500 BILL COOK FOUNDATION 3 OAK ST GENESEO NY 14454 N/A PC General & Unrestricted 500 BOY SCOUTS OF AMERICA 804 BLUEMOUND RD WAUKESHA WI 53188 N/A PC General & Unrestricted 1000 BROOKLINK INC 12555 W BURLEIGH RD STE 3 BROOKFIELD WI 53005 N/A PC General & Unrestricted 15000 CHRISTIAN SOLIDARITY INTERNATIONAL INC 870 HAMPSHIRE RD STE T WESTLAKE VLG CA 91361 N/A PC General & Unrestricted 20000 COLLIER COUNTY HUNGER AND HOMELESS COALITION INC PO BOX 9202 NAPLES FL 34101 N/A PC General & Unrestricted 2000 CYSTIC FIBROSIS FOUNDATION 4550 MONTGOMERY AVE STE 1100 N BETHESDA MD 20814 N/A PC Charitable Event 2500 ELMBROOK CHURCH 777 S BARKER RD BROOKFIELD WI 53045 N/A PC General & Unrestricted 61000 ELMBROOK CHURCH 777 S BARKER RD BROOKFIELD WI 53045 N/A PC "Life and Light" Books fund 5000 ELMBROOK CHURCH 777 S BARKER RD BROOKFIELD WI 53045 N/A PC Elmbrook Church Harvest Fund 30000 ELMBROOK CHURCH 777 S BARKER RD BROOKFIELD WI 53045 N/A PC "Life & Light" Eva Lawrenz memorial fund 2750 FAITH BIBLE CHURCH OF NAPLES INC 6464 IMMOKALEE RD NAPLES FL 34119 N/A PC General & Unrestricted 12000 FOOD PANTRY OF WAUKESHA COUNTY INC 1301 SENTRY DR WAUKESHA WI 53186 N/A PC General & Unrestricted 10000 FOUNDATION FOR GOVERNMENT ACCOUNTABILITY INC 15275 COLLIER BLVD STE 201-279 NAPLES FL 34119 N/A PC General & Unrestricted 5000 GLOBAL SERVE INTERNATIONAL INC 2102 SW 47TH ST CAPE CORAL FL 33914 N/A PC General & Unrestricted 10000 GOODWILL INDUSTRIES OF SOUTHEASTERN WISCONSIN INC 6055 N 91ST ST MILWAUKEE WI 53225 N/A PC General & Unrestricted 10000 HEBRON HOUSE OF HOSPITALITY FOUNDATION INC 1166 QUAIL CT STE 400 PEWAUKEE WI 53072 N/A PC General & Unrestricted 5000 HOPE CENTER INC 101 W BROADWAY WAUKESHA WI 53186 N/A PC General & Unrestricted 5000 ICE AGE TRAIL ALLIANCE 2110 MAIN ST CROSS PLAINS WI 53528 N/A PC General & Unrestricted 1500 JOHN K MACIVER INSTITUTE FOR PUBLIC POLICY INC 10 E DOTY ST STE 800 MADISON WI 53703 N/A PC General & Unrestricted 5000 LUTHER SEMINARY 2481 COMO AVE SAINT PAUL MN 55108 N/A PC General & Unrestricted 1000 LUTHERAN WORLD RELIEF INC 700 LIGHT ST BALTIMORE MD 21230 N/A PC General & Unrestricted 1000 MASSACHUSETTS GENERAL HOSPITAL 125 NASHUA ST STE 540 BOSTON MA 02114 N/A PC Denise Faustman lab fund 25000 MILWAUKEE RESCUE MISSION 830 N 19TH ST MILWAUKEE WI 53233 N/A PC General & Unrestricted 20000 MT CARMEL LUTHERAN CHURCH 8424 W CENTER ST MILWAUKEE WI 53222 N/A PC General & Unrestricted 4000 PATHFINDERS MILWAUKEE INC 4200 N HOLTON ST STE 400 MILWAUKEE WI 53212 N/A PC General & Unrestricted 2500 PRAGER UNIVERSITY FOUNDATION 15021 VENTURA BLVD 552 SHERMAN OAKS CA 91403 N/A PC General & Unrestricted 6000 RAWHIDE INC E7475 RAWHIDE RD NEW LONDON WI 54961 N/A PC General & Unrestricted 3000 SAMARITANS PURSE PO BOX 3000 BOONE NC 28607 N/A PC General & Unrestricted 6000 SERENITY INNS INC PO BOX 26887 MILWAUKEE WI 53226 N/A PC General & Unrestricted 6000 SHARON LYNNE WILSON CENTER FOR THE ARTS INC 3270 MITCHELL PARK DR BROOKFIELD WI 53045 N/A PC General & Unrestricted 10000 TELLING THE TRUTH INC 12660 W N AVE BROOKFIELD WI 53005 N/A PC General & Unrestricted 5500 THE SALVATION ARMY OF GREATER MILWAUKEE 11315 W WATERTOWN PLANK RD MILWAUKEE WI 53226 N/A PC General & Unrestricted 15000 WISCONSIN INSTITUTE FOR LAW & LIBERTY INC 330 E KILBOURN AVE STE 725 MILWAUKEE WI 53202 N/A PC General & Unrestricted 5000 WORLD CENTRAL KITCHEN INCORPORATED 200 MASSACHUSETTS AVE NW 7TH FL WASHINGTON DC 20001 N/A PC General & Unrestricted 5000 WORLD RELIEF CORPORATION OF NATIONAL ASSOCIATION O PO BOX 96479 WASHINGTON DC 20077 N/A PC General & Unrestricted 35000 369250 14 1216 14 29796 18 200830 K-1 Inc/Loss 525990 -1831 14 132 -1831 231974 230143 false false false false false false false false false false X X 1 John M Silseth 15815 Choctaw Trail Brookfield WI 53045 5182598 X 1 PACCAR INC PCAR, 130 sh. 9610 2023-02-22 1 KIMBERLY CLARK CORP KMB, 125 sh. 16160 2023-02-22 1 MCDONALD'S CORP MCD, 50 sh. 13454 2023-02-22 1 VITESSE ENERGY INC VTS, 120 sh. 2096 2023-02-22 1 ALCON INC ALC, 18 sh. 1305 2023-02-22 1 JOHNSON & JOHNSON JNJ, 1500 sh. 236670 2023-04-04 1 MICROSOFT CORP MSFT, 3087 sh. 1039115 2023-06-05 1 GATX CORP INC GATX, 100 sh. 12232 2023-06-05 1 ELI LILLY & CO LLY, 1205 sh. 535930 2023-06-05 1 BERKSHIRE HATHAWAY INC. CLASS B BRK-B, 10 sh. 3286 2023-06-05 1 BERKSHIRE HATHAWAY INC DEL CL A BRK-A, 2 sh. 1003113 2023-06-05 1 ALPHABET INC CL C GOOG, 500 sh. 63093 2023-06-05 1 ALPHABET INC CL A GOOGL, 500 sh. 62818 2023-06-05 1 TESLA MOTORS INC TSLA, 9595 sh. 2090798 2023-06-05 1 MONDELEZ INTERNATIONAL INC MDLZ, 1250 sh. 92919 2023-06-05 Form 990-PF Form 990-PF One or more partnerships have provided a Schedule K-3 for the tax year in which they have checked one or more of the boxes in Part I but not provided sufficient back-up information to allow the Foundation to verify why such boxes were checked or the extent to which the checking of such boxes affects any item on this return. The Foundation has prepared this return to the best of its ability and without any foreign filings for such partnerships based on the information provided to it by these partnerships and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information. ALCON INC 1305 1406 ALPHABET INC CL A 62818 69845 ALPHABET INC CL C 551233 595429 APPLIED MATERIALS INC 13574 16207 BANK OF AMERICA CORP 29030 33670 BERKSHIRE HATHAWAY INC DEL CL 1003113 1085250 BERKSHIRE HATHAWAY INC. CLASS 235356 360227 CISCO SYSTEMS INC 45290 50520 ELI LILLY & CO 254684 437190 FASTENAL COMPANY 66625 77724 GATX CORP INC 12232 12022 INTEL CORP 50555 50250 JPMORGAN EQUITY PREMIUM INCO 47488 47283 KENVUE INC 25929 28011 KIMBERLY CLARK CORP 16160 15189 KINDER MORGAN INC 43254 52920 KRAFT HEINZ CO 37415 36980 MCDONALD'S CORP 13454 14826 MICROSOFT CORP 1039114 1160834 MONDELEZ INTERNATIONAL INC 92919 90538 NETFLIX INC 61501 73032 PACCAR INC 9610 12695 PALANTIR TECHNOLOGIES INC 30060 17170 PAYPAL HOLDINGS, INC 67018 55269 PUBLIC STORAGE INC 85704 91500 RIO TINTO PLC SPONSORED ADR 60915 74460 TESLA MOTORS INC 1909086 2109594 THE COCA-COLA CO 53325 58930 VERIZON COMMUNICATIONS 66590 75400 VITESSE ENERGY INC 2096 2627 ENERGY TRANSFER LP 65039 69000 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 $369,250. This amount represents 25% or more of the Foundation's net assets of $999,351 (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 11036 11036 K-1 Exp ENERGY TRANSFER LP 216 71 State or Local Filing Fees 25 25 K-1 Inc/Loss ENERGY TRANSFER LP -1699 132 990-PF Estimated Tax for 2023 4500 990-PF Excise Tax for 2022 99