Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
William & Sheila Konar Foundation
 
% ANN MARIE MAHONEY
Number and street (or P.O. box number if mail is not delivered to street address)75 THRUWAY PARK DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
W HENRIETTA, NY14586
A Employer identification number

22-2434846
B Telephone number (see instructions)

(585) 533-2900
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$115,405,525J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 5,350,475
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,951,236 2,951,236  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,762,570
b Gross sales price for all assets on line 6a 22,790,223
7 Capital gain net income (from Part IV, line 2)... 2,762,570
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 86,907 86,907  
12 Total. Add lines 1 through 11........ 11,151,188 5,800,713  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages...... 175,145     175,145
15 Pension plans, employee benefits....... 22,524     22,524
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 29,847 0 0 29,847
c Other professional fees (attach schedule).... Click to see attachment 4,000     4,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 122,295 120,795    
19 Depreciation (attach schedule) and depletion... Click to see attachment 35,768    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 17,884     17,884
22 Printing and publications.......... 3,057     3,057
23 Other expenses (attach schedule)....... Click to see attachment 473,332 399,581   73,751
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 883,852 520,376 0 326,208
25 Contributions, gifts, grants paid....... 5,933,554 5,933,554
26 Total expenses and disbursements. Add lines 24 and 25 6,817,406 520,376 0 6,259,762
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,333,782
b Net investment income (if negative, enter -0-) 5,280,337
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,031,453 2,818,655 2,818,655
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   886    
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 112,038,443 Click to see attachment114,639,287 111,928,814
c Investments—corporate bonds (attach schedule)....... 300,000 Click to see attachment300,000 300,000
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet227,699
Less: accumulated depreciation (attach schedule) bullet58,116 184,029 Click to see attachment169,583 169,583
15 Other assets (describe bullet) Click to see attachment227,413 Click to see attachment188,473 Click to see attachment188,473
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 113,782,224 118,115,998 115,405,525
Liabilities 17 Accounts payable and accrued expenses.......... 0 0
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 113,782,224 118,115,998
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 113,782,224 118,115,998
31 Total liabilities and net assets/fund balances (see instructions). 113,782,224 118,115,998
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
113,782,224
2
Enter amount from Part I, line 27a .....................
2
4,333,782
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
118,116,006
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
8
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
118,115,998
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a BERNSTEIN #028-10061 ST COVERED      
b BERNSTEIN #028-10061 LT COVERED      
c BERNSTEIN #888-99481 ST COVERED      
d BERNSTEIN #888-99481 LT COVERED      
e BERNSTEIN #888-99481 CIL      
MORGAN STANLEY #881-143165 ST COVERED      
MORGAN STANLEY #881-143165 LT COVERED      
MORGAN STANLEY #881-143165 LT NON-COVERED      
MORGAN STANLEY #881-010037 ST COVERED      
MORGAN STANLEY #881-010037 LT COVERED      
MORGAN STANLEY #881-010037 LT NON-COVERED      
MORGAN STANLEY #881-010039 ST COVERED      
MORGAN STANLEY #881-010039 LT COVERED      
MORGAN STANLEY #881-010041 LT COVERED      
MORGAN STANLEY #881-010042 ST COVERED      
MORGAN STANLEY #881-010042 LT COVERED      
MORGAN STANLEY #881-010082 ST COVERED      
MORGAN STANLEY #881-010082 LT COVERED      
MORGAN STANLEY #881-010012 LT NON COVERED      
MORGAN STANLEY #881-010013 LT NON-COVERED      
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,158   4,114 44
b 330,711   321,361 9,350
c 4,263,450   4,169,066 94,384
d 13,675,981   11,513,285 2,162,696
e 28     28
2,149   2,317 -168
314,350   351,530 -37,180
486,876   648,016 -161,140
102,049   101,035 1,014
225,302   241,501 -16,199
25,724   24,678 1,046
4,066   8,533 -4,467
71,060   49,838 21,222
93,665   71,279 22,386
37,570   50,567 -12,997
319,597   322,662 -3,065
28,779   23,278 5,501
147,926   83,291 64,635
997,451   1,014,203 -16,752
1,100,272   1,027,099 73,173
      559,059
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       44
b       9,350
c       94,384
d       2,162,696
e       28
      -168
      -37,180
      -161,140
      1,014
      -16,199
      1,046
      -4,467
      21,222
      22,386
      -12,997
      -3,065
      5,501
      64,635
      -16,752
      73,173
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,762,570
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 3,649,986 96,496,712 0.037825
2016 2,260,435 25,292,913 0.08937
2015 1,020,662 9,248,199 0.110363
2014 976,696 7,354,808 0.132797
2013 412,401 6,034,098 0.068345
2
Total of line 1, column (d) .....................
2
0.4387
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.08774
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
123,191,517
5
Multiply line 4 by line 3......................
5
10,808,824
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
52,803
7
Add lines 5 and 6........................
7
10,861,627
8
Enter qualifying distributions from Part XII, line 4,.............
8
6,259,762
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 105,607
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 105,607
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 105,607
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 40,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 110,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 150,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 44,393
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet44,393 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. Click to see attachment...............................
    10
    Yes
     
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletANN MARIE MAHONEY Telephone no.bullet (585) 533-2903

    Located atbullet75 THRUWAY PARK DRIVEW HENRIETTANY ZIP+4bullet14586
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    SHEILA KONAR Trustee, Hours - As Required
    0     		0 0 0
    75 THRUWAY PARK DRIVE
    W HENRIETTA,NY14586
    HOWARD KONAR Trustee, Hours - As Required
    0     		0 0 0
    75 THRUWAY PARK DRIVE
    W HENRIETTA,NY14586
    RACHAEL GUTTENBERG Trustee, Hours - As Required
    0     		0 0 0
    75 THRUWAY PARK DRIVE
    W HENRIETTA,NY14586
    DONALD NOWILL Trustee, Hours - As Required
    0     		0 0 0
    41 Taylor Crossway
    Brookline,MA02146
    Lawrence Fine Trustee, Hours - As Required
    0     		0 0 0
    2 Tiffany Court
    Pittsford,NY14534
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    MARILYNN GRANT PROGRAM DIRECTOR
    40.0     		130,208 0 0
    227 GENESEE PARK BLVD
    ROCHESTER,NY14619
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 NONE  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    122,374,136
    b
    Average of monthly cash balances.......................
    1b
    2,693,394
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    125,067,530
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    125,067,530
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,876,013
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    123,191,517
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,159,576
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    6,159,576
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    105,607
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    105,607
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,053,969
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    6,053,969
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    6,053,969
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    6,259,762
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    6,259,762
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    6,259,762
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 6,053,969
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:2016, 2015, 2014 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015...... 331,368
    d From 2016...... 1,008,919
    e From 2017......  
    fTotal of lines 3a through e........ 1,340,287
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 6,259,762
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2018 distributable amount..... 6,053,969
    e Remaining amount distributed out of corpus 205,793
    5 Excess distributions carryover applied to 2018.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,546,080
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		1,546,080
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015.... 331,368
    c Excess from 2016.... 1,008,919
    d Excess from 2017....  
    e Excess from 2018.... 205,793
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE - SEE SCHEDULE B
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Ann Marie Mahoney
    75 THRUWAY PARK DRIVE
    W Henrietta,NY14586
    (585) 533-2903
    bThe form in which applications should be submitted and information and materials they should include:
    Submit a letter of intent to provide a brief overview of the organization and the reason for the grant request.
    cAny submission deadlines:
    One Month Prior to the quarterly trustee meetings held mid-March, Mid-June, Mid-September, Mid-Novem
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Grants are awarded in the areas of education, cultural & civic organizations, improvement to health care services, promotion of ethnic/religious/cultural understanding & tolerance, benefits to the Jewish community.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    MONROE COMMUNITY COLLEGE
    Damon City Campus
    228 East Main Street
    Rochester,NY14604     		NONE PC Scholarship Support for Students 17,500
    CANCER WELLNESS CONNECTIONS
    7 Brickston Drive
    Pittsford,NY14534     		NONE PC Support for patient care/medical treatments 2,500
    MAYO CLINIC FOUNDATION
    2200 First Street SW
    Rochester,MN559050001     		NONE POF General support for greatest needs at Mayo Clinic 2,500
    CHABAD LUBAVITCH
    1037 Winton Road South
    Rochester,NY14618     		NONE PC Services for Jewish community 10,000
    GARTH FAGAN DANCE
    50 Chestnut Street
    Rochester,NY14604     		NONE PC Program support to promote dance in communities 2,500
    JEWISH COMMUNITY CENTER
    1200 Edgewood Avenue
    Rochester,NY14618     		NONE PC Capital campaign & Program S upport 153,500
    JEWISH COMMUNITY CENTER (FILM FESTIVAL)
    1200 Edgewood Avenue
    Rochester,NY14618     		NONE PC Jewish cultural support through film 25,000
    JEWISH COMMUNITY FEDERATION
    441 East Avenue
    Rochester,NY14607     		NONE PC Services for Jewish community 400,000
    JEWISH FAMILY SERVICE
    441 East Avenue
    Rochester,NY14607     		NONE PC Services for Jewish families 61,100
    LIFESPAN
    1900 South Clinton Avenue
    Rochester,NY14618     		NONE PC Services for geriatric care 20,000
    THE LITTLE THEATRE
    240 East Avenue
    Rochester,NY14604     		NONE PC Support of local artists, music & film 52,500
    MEMORIAL ART GALLERY
    500 University Avenue
    Rochester,NY146071484     		NONE PC Program support for the arts 42,500
    RPO
    108 East Avenue
    Rochester,NY14604     		NONE PC Annual campaign support for local musicians 50,000
    TEMPLE BETH EL FOUNDATION
    139 Winton Road South
    Rochester,NY146102997     		NONE POF Support for Jewish religious services 112,500
    UNITED WAY
    75 College Avenue
    Rochester,NY146071009     		NONE PC General community support services 10,000
    US HOLOCAUST MUSEUM
    100 Raoul Wallenberg Place SW
    Washington,DC200242126     		NONE PC Tolerance education/promotion of Jewish history 325,000
    BREAST CANCER COALITION OF ROCHESTER
    10480 University Avenue
    Rochester,NY14607     		NONE PC Support of breast cancer awareness programs/advocacy 2,000
    WATER FOR SUDAN
    PO Box 25551
    Rochester,NY14625     		NONE PC Provide access to clean water for Sudanese communities 5,000
    GEORGE EASTMAN HOUSE
    900 East Avenue
    Rochester,NY146072298     		NONE PC Support for museum's activities/programs 350,000
    SISTERS OF ST JOSEPH
    150 French Road
    Rochester,NY146183822     		NONE PC MEDICAL SUPPORT OF RETIRED SISTERS 3,500
    ALZHEIMER'S ASSOCIATION
    435 East Henrietta Road
    Rochester,NY14602     		NONE PC Program & services for Alzheimer's patients 2,500
    AL SIGL CENTER
    1000 Elmwood Avenue Suite 300
    Rochester,NY146203098     		NONE PC Support for programs & services to children & families 2,500
    TOURETTE SYNDROME ASSOCIATION
    42-40 Bell Blvd Suite 205
    Bayside,NY113612820     		NONE PC Program support services 2,500
    DANA FARBER CANCER INSTITUTE
    10 Brookline Place West
    6th Floor
    Brookline,MA02445     		NONE PC ADOPT-A-LAB PROGRAM 60,000
    JEWISH SENIOR LIFE
    2021 Winton Road South
    Rochester,NY14618     		NONE PC Services for Jewish senior citizens plus synagogue repairs & upgrades 100,000
    NAZARETH COLLEGE
    4245 East Avenue
    Rochester,NY14618     		NONE PC Music Performance Center & Program Support 150,000
    UNIVERSITY OF ROCHESTER
    300 E River Rd
    PO Box 270032
    Rochester,NY14627     		NONE PC Grants & Program Support 613,824
    AMERICAN INDIAN COLLEGE FUND
    8444 GREENWOOD BLVD
    DENVER,CO80221     		NONE PC PROMOTE EDUCATION INITIATIVES & OPPORTUNITIES 7,500
    AMERICAN JEWISH JOINT COMMUNITY FUND
    220 EAST 42ND STREET
    NEW YORK,NY10017     		NONE PC PROGRAM SUPPORT 10,000
    BAOBAB CULTURAL CENTER
    728 UNIVERSITY AVE
    ROCHESTER,NY14607     		NONE PC PROGRAM SUPPORT & Discovery Lab 50,000
    BCS SCHOLARSHIP FUND FOR BHS
    40 WEBSTER PLACE
    BROOKLINE,MA02446     		NONE PC PROGRAM SUPPORT 13,000
    E3 ROCHESTER
    255 EAST AVENUE 310
    ROCHESTER,NY14607     		NONE PC COMMON APPLICATION PROGRAM 50,000
    EAST HOUSE
    259 MONROE AVENUE 200
    ROCHESTER,NY14607     		NONE PC RECOVERY SUPPORT SERVICES 10,000
    GEVA THEATRE CENTER
    75 WOODBURY BLVD
    ROCHESTER,NY14607     		NONE PC Education Programs 50,000
    GREATER ROCHESTER ENTERPRISE FOUNDATION
    100 CHESTNUT ST 1910
    ROCHESTER,NY14604     		NONE POF Program Support 50,000
    GREATER ROCHESTER SUMMER LEARNING ASSOCIATION
    274 NORTH GOODMAN STREET D103
    ROCHESTER,NY14617     		NONE PC EPK to 3rd Grade Initiative 60,000
    HOMESTEADS FOR HOPE
    2185 MANITOU ROAD
    ROCHESTER,NY14506     		NONE PC RSW Experience Program 50,000
    RENAISSANCE ACADEMY CHARTER SCHOOL
    299 KIRK ROAD
    ROCHESTER,NY14612     		NONE PC EXCELLENCE IN EDUCATION INITIATIVE 90,000
    ROCHESTER MUSEUM & SCIENCE CENTER
    657 EAST AVENUE
    ROCHESTER,NY14607     		NONE PC PROGRAM SUPPORT 2,500
    ROCHESTER CHILDFIRST NETWORK
    941 SOUTH AVENUE
    ROCHESTER,NY14622     		NONE PC Teaching Pyramid 10,000
    ROCHESTER CITY SCHOOL DISTRICT
    131 WEST BROAD STREET
    ROCHESTER,NY14614     		NONE   PATH FORWARD INITIATIVE 6,000
    THE CENTER FOR YOUTH SERVICES
    905 MONROE AVENUE
    ROCHESTER,NY14620     		NONE PC CRISES NURSERY 25,000
    THE CHILDREN'S AGENDA
    1 SOUTH WASHINGTON STREET 120
    ROCHESTER,NY14614     		NONE PC ADVOCACY PROGRAM 160,000
    THE LAWRENCE & ELYSE FINE COMMUNITY FUND
    441 EAST AVENUE
    ROCHESTER,NY14607     		NONE PC PROGRAM SUPPORT 11,400
    ACTION FOR A BETTER COMMUNITY
    400 WEST AVENUE
    ROCHESTER,NY14604     		NONE PC Help low-income families 2,500
    ALLENDALE COLUMBIA SCHOOL
    519 Allens Creek Road
    Rochester,NY14618     		none PC New Scholarship Program 15,000
    BADEN STREET SETTLEMENT
    152 Baden Street
    Rochester,NY14605     		None PC Award for Metro Council - Teen Empowerment 84,500
    BORINQUEN DANCE THEATRE
    121 Fitzhugh Street
    Rochester,NY14614     		None PC Self development & grant program 40,000
    BUILDING EXCELLENT SCHOOLS
    31 Milk Street
    Boston,MA02109     		None PC Start-up Program & Fellowship 412,000
    CAMERON COMMUNITY MINISTRIES
    48 Cameron Street
    Rochester,NY14606     		None PC After School Academy Award 10,000
    CARTHAGE COLLEGE
    2001 Alford Park Dr
    Kenosha,WI53140     		None PC M Hancock Designation 5,000
    CHILDRENS INSTITUTE
    274 Goodman Street N
    Rochester,NY14607     		None PC UPK Teacher's Perceptions 31,100
    CHURCH OF DIVINE INSPIRATION
    27 Appleton Street
    Rochester,NY14611     		None PC B Keaveny Designation 5,000
    CONNECTED COMMUNITIES
    410 Atlantic Avenue
    Rochester,NY14609     		None PC Program Support 151,368
    FLOWER CITY ARTS CENTER
    713 Monroe Avenue
    Rochester,NY14607     		None PC Expanding the Field 59,000
    FOODLINK
    1999 Mt Read Blvd
    Rochester,NY14615     		None PC Community Kitchen Institute 100,000
    FRANK R WILLIAMS SCHOLARSHIP FUND
    PO Box 55216
    Washington,DC20040     		None PC B Bethea Designation 5,000
    FREEDOM HOUSE
    1850 M Street NW
    Washington,DC20036     		None PC Program Support 100,000
    FRIENDLY SENIOR LIVING
    3156 East Avenue
    Rochester,NY14618     		None PC Program Support 50,000
    HADASSAH
    400 Wall Street
    New York,NY10005     		None PC Program Support 1,500
    HIGHLAND HOSPITAL FOUNDATION
    1000 South Avenue
    Rochester,NY14620     		None PC Program Support 2,500
    HOPE HALL SCHOOL
    1612 Buffalo Road
    Rochester,NY14624     		None PC Scholarship/Career Development & Occupational Studies Program 50,000
    HORIZONS FOR HOMELESS CHILDREN
    1705 Columbus Avenue
    Roxbury,MA02119     		None PC Program Support 6,000
    LYMPHATIC EDUCATION & RESEARCH NETWORK
    261 Madison Avenue
    New York,NY10016     		None PC Program Support 2,500
    NYS LITERACY CENTER (NYSLC)
    168 Canal Street
    New York,NY10013     		None PC Rebuilding Families 5,650
    QUINCY PUBLIC SCHOOLS
    34 Coddington Street
    Quincy,MA02169     		None PC Program Support 6,000
    ROBERTS WESLEYAN COLLEGE
    2301 Westside Drive
    Rochester,NY14624     		None PC Retention & Persistence Scholarships 5,000
    ROCHESTER CHILDRENS SCHOLARSHIP FUND
    131 W Broad Street
    Rochester,NY14614     		None PC D Vega Designation 5,000
    ROCHESTER AREA COMMUNITY FOUNDATION
    500 East Avenue
    Rochester,NY14607     		None POF Nautilus Scholarship Fund 25,000
    ROCHESTER BROADWAY THEATRE LEAGUE
    885 E Main Street
    Rochester,NY14605     		None PC Program Support 5,000
    ROCHESTER INSTITUTE OF TECHNOLOGY
    1 Lomb Memorial Drive
    Rochester,NY14623     		None PC MCAS Summer Bridge Program 50,000
    RUSH-HENRIETTA ROTARY CLUB FOUNDATION
    PO Box 22838
    Rochester,NY14692     		None PC Literacy Program 2,000
    SOUTHWEST AREA NEIGHBORHOOD ASSOCIATION
    275 Drive Samuel McCree Way
    Rochester,NY14611     		None PC Montgomery Neighborhood Center Roof Replacement 90,570
    ST JOHN FISHER COLLEGE
    3690 East Avenue
    Rochester,NY14618     		None PC Trauma Sensitive Classrooms 27,812
    RENAJA MCDONALD
    Culver Road
    Rochester,NY14609     		None I College Supplies 1,930
    SUNY GENESEO
    1 College Circle
    Geneseo,NY14454     		None PC RKids 4,000
    THE CENTER FOR TEEN EMPOWERMENT
    392 Genesee Street
    Rochester,NY14611     		None PC Program Services 101,000
    THE EDUCATION TRUST
    1250 H Street NW
    Washington,DC20005     		None PC Building Parent Capacity for Resource Advocacy in Rochester 50,000
    THE STRONG MUSEUM
    1 Manhattan Square
    Rochester,NY14607     		None PC Transforming Woodbury School 100,000
    THETA ALPHA ZETA
    Unknown
    Rochester,NY14604     		None PC Eiffel Tower Sponsorship 1,500
    UNIVERSITY OF ROCHESTER WARNER SCHOOL OF EDUCATION
    500 Wilson Blvd
    Rochester,NY14627     		None PC A12059-CUES 1,080,000
    YOUNG WOMENS COLLEGE PREP FOUNDATION
    133 Hoover Drive
    Rochester,NY14615     		None PC J Gkourlias Designation 5,000
    YWCA OF ROCHESTER & MONROE COUNTY
    175 N Clinton Ave
    Rochester,NY14604     		None PC Program Support 800
    Total .................................bullet 3a 5,933,554
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 2,951,236  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 2,762,570  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMISCELLANEOUS INVESTMENT INCOME     		    01 86,907  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   5,800,713  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,800,713
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    William & Sheila Konar Foundation
     
    Employer identification number

    22-2434846
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    William & Sheila Konar Foundation
          		Employer identification number
    22-2434846
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    William B Konar Estate  
    75 Thruway Park Drive
     
    W Henrietta, NY14586

    		$ 5,025,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    William B Konar Estate  
    75 Thruway Park Drive
     
    W Henrietta, NY14586

    		$ 325,475


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    William & Sheila Konar Foundation
          		Employer identification number

    22-2434846
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    William & Sheila Konar Foundation
          		Employer identification number

    22-2434846
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    William & Sheila Konar Foundation
    EIN:
    22-2434846
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING & 990PF PREPARATION 29,847     29,847

    TY 2018 AllOthProgRltdInvestmentsSch
    Name:
    William & Sheila Konar Foundation
    EIN:
    22-2434846
    Category Amount
    NONE  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 DepreciationSchedule
    Name:
    William & Sheila Konar Foundation
    EIN:
    22-2434846
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    COMPUTER EQUIPMENT 2016-10-16 1,024 440 M5   233      
    LEASEHOLD IMPRVMNT 2017-05-17 88,490 1,420 M39   2,269      
    COMPUTER SOFTWARE 2017-01-18 10,588 3,235 SL 3 3,529      
    FURNITURE/FIXTURES 2017-05-01 70,095 10,017 M7   17,166      
    COMPUTER EQUIPMENT 2017-03-14 36,180 7,236 M5   11,578      
    SIGNAGE/LOGO PANEL 2018-06-11 10,675   M39   148      
    DOORS 2018-09-20 4,986   M39   37      
    LOBBY FURNITURE 2018-07-06 1,192   M7   170      
    TABLES 2018-09-13 2,814   M7   402      
    FILE CABINETS 2018-12-14 1,655   M7   236      

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    William & Sheila Konar Foundation
    EIN:
    22-2434846
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ISRAEL BONDS 300,000 300,000

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    William & Sheila Konar Foundation
    EIN:
    22-2434846
    Name of Stock End of Year Book Value End of Year Fair Market Value
    JP MORGAN 6,366,503 6,413,745
    BERNSTEIN 101,919,983 99,106,505
    MORGAN STANLEY 6,352,801 6,408,564

    TY 2018 LandEtcSchedule2
    Name:
    William & Sheila Konar Foundation
    EIN:
    22-2434846
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER EQUIPMENT 1,024 673 351  
    LEASEHOLD IMPRVMNT 88,490 3,689 84,801  
    COMPUTER SOFTWARE 10,588 6,764 3,824  
    FURNITURE/FIXTURES 70,095 27,183 42,912  
    COMPUTER EQUIPMENT 36,180 18,814 17,366  


    TY 2018 OtherAssetsSchedule
    Name:
    William & Sheila Konar Foundation
    EIN:
    22-2434846
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDENDS/INTEREST RECEIVABLE 227,413 188,473 188,473


    TY 2018 OtherDecreasesSchedule
    Name:
    William & Sheila Konar Foundation
    EIN:
    22-2434846
    Description Amount
    ROUNDING ITEMS TO BALANCE 8


    TY 2018 OtherExpensesSchedule
    Name:
    William & Sheila Konar Foundation
    EIN:
    22-2434846
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISCELLANEOUS EXPENSE 1,604     1,604
    INVESTMENT MANAGEMENT FEE 399,581 399,581    
    MANAGEMENT FEE 18,000     18,000
    MAIL/COURIER SERVICE 2,125     2,125
    INFORMATION TECHNOLOGY 13,663     13,663
    OFFICE SUPPLIES 7,664     7,664
    INSURANCE 3,405     3,405
    DUES & SUBSCRIPTIONS 8,109     8,109
    TELEPHONE 1,573     1,573
    MAINTENANCE 1,935     1,935
    ADVERSTISING & MARKETING 13,242     13,242
    CAM CHARGES 2,431     2,431


    TY 2018 OtherIncomeSchedule2
    Name:
    William & Sheila Konar Foundation
    EIN:
    22-2434846
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Miscellaneous Income 86,907 86,907  


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    William & Sheila Konar Foundation
    EIN:
    22-2434846
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVISORY COUNCIL FEES 4,000     4,000


    TY 2018 SubstantialContributorsSch
    Name:
    William & Sheila Konar Foundation
    EIN:
    22-2434846
    Name Address
    William B Konar Estate 75 Thruway Park Drive
    W Henrietta,NY14586
    William B Konar Estate 75 Thruway Park Drive
    W Henrietta,NY14586


    TY 2018 TaxesSchedule
    Name:
    William & Sheila Konar Foundation
    EIN:
    22-2434846
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 63,450 63,450    
    NYS FILING FEES 1,500      
    FEDERAL TAXES 57,345 57,345