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
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
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$139,043,186J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 526 526  
4 Dividends and interest from securities... 2,965,659 2,965,659  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,995,112
b Gross sales price for all assets on line 6a 23,588,045
7 Capital gain net income (from Part IV, line 2)... 2,995,112
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 1,961 1,961  
12 Total. Add lines 1 through 11........ 5,963,258 5,963,258  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages...... 209,169     209,169
15 Pension plans, employee benefits....... 39,235     39,235
16a Legal fees (attach schedule)......... Click to see attachment 7,774 0 0 7,774
b Accounting fees (attach schedule)....... Click to see attachment 17,650 8,000 0 9,650
c Other professional fees (attach schedule).... Click to see attachment 330,268 325,268   5,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 179,260 179,260    
19 Depreciation (attach schedule) and depletion... Click to see attachment 16,990    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 4,111     4,111
22 Printing and publications.......... 2,622     2,622
23 Other expenses (attach schedule)....... Click to see attachment 191,751 121,978   69,773
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 998,830 634,506 0 347,334
25 Contributions, gifts, grants paid....... 6,929,996 6,929,996
26 Total expenses and disbursements. Add lines 24 and 25 7,928,826 634,506 0 7,277,330
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,965,568
b Net investment income (if negative, enter -0-) 5,328,752
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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............. 1,904,809 1,006,732 1,006,732
2 Savings and temporary cash investments......... 950,135 1,092,528 1,092,528
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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)....... 120,130,559 Click to see attachment118,948,382 136,325,735
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) bullet102,041 142,648 Click to see attachment125,658 125,658
15 Other assets (describe bullet) Click to see attachment204,591 Click to see attachment192,533 Click to see attachment192,533
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 123,632,742 121,665,833 139,043,186
Liabilities 17 Accounts payable and accrued expenses..........    
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 FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 123,632,742 121,667,174
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 123,632,742 121,667,174
30 Total liabilities and net assets/fund balances (see instructions). 123,632,742 121,667,174
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
123,632,742
2
Enter amount from Part I, line 27a .....................
2
-1,965,568
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
121,667,174
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
121,667,174
Form 990-PF (2020)
Form 990-PF (2020)
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 #888-99481 ST GAIN      
b BERNSTEIN #888-99481 LT GAIN      
c BERNSTEIN #888-99481 CIL      
d MORGAN STANLEY #881-010037 ST GAIN      
e MORGAN STANLEY #881-010037 LT GAIN      
MORGAN STANLEY #881-010037 LT GAIN NON-COVERED      
MORGAN STANLEY #881-010041 ST LOSS      
MORGAN STANLEY #881-010041 LT GAIN      
MORGAN STANLEY #881-010042 ST LOSS      
MORGAN STANLEY #881-010042 LT LOSS      
MORGAN STANLEY #881-010082 ST GAIN      
MORGAN STANLEY #881-010082 LT GAIN      
MORGAN STANLEY #881-143165 ST LOSS      
MORGAN STANLEY #881-143165 LT LOSS      
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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 2,312,870   2,255,729 57,141
b 16,597,442   14,318,572 2,278,870
c 28     28
d 440,231   417,796 22,435
e 295,946   270,135 25,811
37,184   31,320 5,864
118,935   129,017 -10,082
713,417   595,041 118,376
132,051   134,228 -2,177
488,955   520,504 -31,549
212,318   190,317 22,001
912,450   483,560 428,890
51,551   61,184 -9,633
996,971   1,185,530 -188,559
      311,952
      311,952
      311,952
      311,952
      311,952
      311,952
      311,952
      311,952
      311,952
      311,952
      311,952
      311,952
      311,952
      311,952
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       57,141
b       2,278,870
c       28
d       22,435
e       25,811
      5,864
      -10,082
      118,376
      -2,177
      -31,549
      22,001
      428,890
      -9,633
      -188,559
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2,995,112
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
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 74,070
c All other domestic foundations enter 1.39% 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 74,070
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 74,070
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 112,553
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 50,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 162,553
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 88,483
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet88,483 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 the instructions
for the 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 2020 or the taxable year beginning in 2020? 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. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 addressbulletkonarfoundation.org
    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 2020, 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 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 2020 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 2020.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 P GRANT PROGRAM DIRECTOR
    40.0     		151,884 16,073  
    227 GENESEE PARK BLVD
    ROCHESTER,NY14619
    ANN MARIE MAHONEY OFFICE MANAGER
    40.0     		45,952 17,115  
    63 ALGER DR
    ROCHESTER,NY14624
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 (2020)
    Form 990-PF (2020)
    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
    124,369,732
    b
    Average of monthly cash balances.......................
    1b
    2,682,637
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    127,052,369
    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
    127,052,369
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,905,786
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    125,146,583
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,257,329
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    6,257,329
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    74,070
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    74,070
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,183,259
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    6,183,259
    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
    6,183,259
    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
    7,277,330
    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
    7,277,330
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    7,277,330
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 6,183,259
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:2018, 2017, 2016 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 331,368
    b From 2016...... 1,008,919
    c From 2017......  
    d From 2018...... 205,793
    e From 2019...... 611,555
    fTotal of lines 3a through e........ 2,157,635
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 7,277,330
    a Applied to 2019, 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 2020 distributable amount..... 6,183,259
    e Remaining amount distributed out of corpus 1,094,071
    5 Excess distributions carryover applied to 2020.    
    (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 3,251,706
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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 2015 not
    applied on line 5 or line 7 (see instructions) ...     		331,368
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		2,920,338
    10 Analysis of line 9:
    a Excess from 2016.... 1,008,919
    b Excess from 2017....  
    c Excess from 2018.... 205,793
    d Excess from 2019.... 611,555
    e Excess from 2020.... 1,094,071
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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
    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
    AMMAHONEY@KONARFOUNDATION.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    Submit a letter of intent and 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 (2020)
    Form 990-PF (2020)
    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 Foundation
    Damon City Campus
    228 East Main Street
    Rochester,NY14604     		NONE PC Scholarship Support for Students 25,000
    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 PC 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
    JCC of Greater Rochester
    1200 Edgewood Avenue
    Rochester,NY14618     		NONE PC General support 2,500
    JCC Rochester Jewish 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 500,000
    Jewish Family Service
    441 East Avenue
    Rochester,NY14607     		NONE PC Services for Jewish families 182,575
    Lifespan
    1900 South Clinton Avenue
    Rochester,NY14618     		NONE PC Elder Justice Fund 75,000
    The Little Theatre
    240 East Avenue
    Rochester,NY14604     		NONE PC Rehab Project 50,000
    Memorial Art Gallery
    500 University Avenue
    Rochester,NY146071484     		NONE PC Expanded Learning Collaboration & Online Teaching Resource Units plus Program Support for the Arts 52,500
    Rochester Philharmonic Orchestra
    108 East Avenue
    Rochester,NY14604     		NONE PC Annual campaign support for local musicians 50,000
    United Way
    75 College Avenue
    Rochester,NY146071009     		NONE PC General community support services - crisis fund, universal home visitation project 310,000
    US Holocaust Museum
    100 Raoul Wallenberg Place SW
    Washington,DC200242126     		NONE PC Tolerance education/promotion of Jewish history 1,265,000
    Breast Cancer Coalition of Rochester
    10480 University Avenue
    Rochester,NY14607     		NONE PC Support of breast cancer awareness programs/advocacy 2,500
    Water for Sudan
    PO Box 25551
    Rochester,NY14625     		NONE PC Provide access to clean water for Sudanese communities 2,500
    George Eastman Museum
    900 East Avenue
    Rochester,NY146072298     		NONE PC Support for museum's activities/programs 300,000
    Sisters of St Joseph of Rochester
    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 and special fund raising project 52,500
    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 Foundation
    2021 Winton Road South
    Rochester,NY14618     		NONE PC Services for Jewish senior citizens plus repairs & upgrades 100,000
    Nazareth College
    4245 East Avenue
    Rochester,NY14618     		NONE PC Music Performance Center & Support for Center for Tolerance 7 Jewish Studies 150,000
    University of Rochester
    300 E River Rd
    PO Box 270032
    Rochester,NY14627     		NONE PC Grants & Program Support - Step to College 279,224
    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 5,000
    BCF Scholarship Fund for BHS
    40 WEBSTER PLACE
    BROOKLINE,MA02446     		NONE PC PROGRAM SUPPORT 10,000
    East House
    259 MONROE AVENUE 200
    ROCHESTER,NY14607     		NONE PC RECOVERY SUPPORT SERVICES 50,000
    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 PC Program Support 150,000
    Greater Rochester Summer Learning Association
    274 NORTH GOODMAN STREET D103
    ROCHESTER,NY14617     		NONE PC Summer LEAP 60,000
    Homesteads for Hope
    2185 MANITOU ROAD
    ROCHESTER,NY14506     		NONE PC Support Program Services 50,000
    Renaissance Academy Charter School
    299 KIRK ROAD
    ROCHESTER,NY14612     		NONE PC EXCELLENCE IN EDUCATION INITIATIVE 3,000
    Rochester Museum & Science Center
    657 EAST AVENUE
    ROCHESTER,NY14607     		NONE PC PROGRAM SUPPORT 2,500
    The Center for Youth Services
    905 MONROE AVENUE
    ROCHESTER,NY14620     		NONE PC Support for The Center for Youth 25,000
    The Children's Agenda
    1 SOUTH WASHINGTON STREET 120
    ROCHESTER,NY14614     		NONE PC ADVOCACY PROGRAMS 60,000
    The Lawrence W & Elyse Fine Community Foundation
    441 EAST AVENUE
    ROCHESTER,NY14607     		Trustee PF PROGRAM SUPPORT 16,400
    Baden Street Settlement
    152 Baden Street
    Rochester,NY14605     		None PC Grant for Program & Services to Youth, Adults & Families 82,020
    Borinquen Dance Theatre
    121 Fitzhugh Street
    Rochester,NY14614     		None PC Self development & grant program 15,000
    Cameron Community Ministries
    48 Cameron Street
    Rochester,NY14606     		None PC After School Academy Award 3,000
    Carthage College
    2001 Alford Park Dr
    Kenosha,WI53140     		None PC M Hancock Designation & Urban Teacher Prep Program 55,000
    Connected Communities
    410 Atlantic Avenue
    Rochester,NY14609     		None PC Program Support 154,008
    Flower City Arts Center
    713 Monroe Avenue
    Rochester,NY14607     		None PC Educational Programs 50,000
    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
    Hope Hall School
    1612 Buffalo Road
    Rochester,NY14624     		None PC Summer Learning Program 500
    Lymphatic Education & Research Network
    261 Madison Avenue
    New York,NY10016     		None PC Program Support 2,500
    Rochester Childrens Scholarship Fund
    131 W Broad Street
    Rochester,NY14614     		None PC D Vega Designation 5,000
    Rochester Broadway Theatre League
    885 E Main Street
    Rochester,NY14605     		None PC Theatre Arts Education 7,500
    Rochester Institute of Technology
    1 Lomb Memorial Drive
    Rochester,NY14623     		None PC MCAS Summer Bridge Program 50,000
    St John Fisher College
    3690 East Avenue
    Rochester,NY14618     		None PC Trauma Sensitive Community Program 24,471
    The Center For Teen Empowerment
    392 Genesee Street
    Rochester,NY14611     		None PC Program Services & Beachwood Expansion Site 100,800
    The Strong Museum
    1 Manhattan Square
    Rochester,NY14607     		None PC Support of program services 109,000
    University of Rochester Warner School of Education
    500 Wilson Blvd
    Rochester,NY14627     		None PC A12059-CUES & Project Read 830,000
    Young Women's 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 6,000
    City of Rochester
    30 Church Street
    Rochester,NY14614     		None PC Special programs - Inspiring Beauty & Distinguished Gentlemen 6,000
    Friends & Foundation of Rochester Library
    115 South Avenue
    Rochester,NY14604     		None PC Support Program Services 35,000
    Ibero-American Action League
    817 E Main Street
    Rochester,NY14605     		None PC Premier Sponsor & El Camino Neighborhood Park Program Expansion 15,000
    Jewish Federation of Greater Rochester
    255 East Avenue
    Rochester,NY14604     		None PC Support Program Services, Community Relief & Recovery Fund 427,903
    Pathstone
    400 East Avenue
    Rochester,NY14607     		None PC Champion of Diversity Project and other program services 5,000
    University of Rochester Medical Center
    601 Elmwood Avenue
    Rochester,NY14642     		None PC Health Care Programs 125,000
    William Warfield Scholarship Fund
    PO Box 31992
    Rochester,NY14603     		None PC Classical Vocal Competition 11,500
    Woodland Golf Club Scholarship Foundation
    1897 Washington Street
    Auburndale,MA02466     		None PC Support young golfers with scholarships 10,000
    Common Ground Foundation Inc
    1387 Fairport Road Suite 800
    Fairport,NY14450     		None PC Citizen Panel 125,000
    540 WMain Inc
    36 King St
    Rochester,NY14608     		none PC Support program to address anti-Semitic and anti-black beliefs 5,000
    Academy of Health Sciences Charter School
    1001 Lake Avenue 3
    Rochester,NY14613     		none PC AED Defibrillator Package 1,695
    ARC Foundation of Monroe
    2060 Brighton-Henrietta Townline Rd
    Rochester,NY14623     		none PC Home makeover challenge 14,000
    Asbury First United Methodist Church
    1050 East Ave
    Rochester,NY14607     		none PC Community Outreach Center 50,000
    Convergence Center for Policy Resolution
    1133 19th St NW Suite 410
    Washington,DC20036     		none PC Tolerance Education 5,000
    Dress for Success Rochester
    47 State St
    Rochester,NY14614     		none PC Express mobile boutique & career center 50,000
    Friends of Thai Daughters
    PO Box 370
    Trevett,ME04571     		none PC Program support 5,000
    Gateways Music Festival Inc
    26 Gibbs St
    Rochester,NY14604     		none PC Festival to support the community 10,000
    Generation Two
    PO Box 18626
    Rochester,NY14618     		none PC Education - please play campaign 5,000
    Geneseo Foundation Inc
    Doty 236
    One College Circle
    Geneseo,NY14454     		none PC Education - Kids after school program 5,000
    Greater Rochester Chamber of Commerce
    150 State St Suite 400
    Rochester,NY14614     		none PC Program support 2,000
    International African American Museum
    PO Box 22761
    Charleston,SC29413     		none PC Program Support 5,000
    Junior Achievement of Central Upstate NY
    1 South Washington St 110
    Rochester,NY14614     		none PC Discovery Center 100,000
    Mikva Challenge
    200 S Michigan Ave Suite 1000
    Chicago,IL60604     		none PC Rochester City School District - SS Dept. Actions Civics Model Site Initiative 120,000
    National Susan B Anthony Museum & House
    17 Madison St
    Rochester,NY14608     		none PC Program support 1,500
    REACH Advocacy
    PO Box 10845
    Rochester,NY14610     		none PC COVID Food Operation 38,000
    Rochester Ara Community Foundation
    500 East Ave
    Rochester,MP14607     		none PC Nautilus Scholarship Fund 25,000
    Rochester Business Journal
    16 W Main St Suite341
    Rochester,NY14614     		none PC Support Women of Excellence Program 1,900
    Rochester Childfirst Network
    941 South Ave
    Rochester,NY14620     		none PC Engaging Little Learners in STEM 10,000
    Rochester City Ballet
    1326 University Ave
    Rochester,NY14607     		none PC Accessible Nutcracker & Ugly Duckling Performance 20,000
    Rochester People's Climate Coalition
    758 South Ave
    Rochester,NY14620     		none PC Climate Focused Collective Impact Initiative 25,000
    The Shore Foundation
    52 Marway Circle Suite 2
    Rochester,NY14624     		none PC Refurbished laptops for low-income students 11,000
    United Negro College Fund Inc
    80 Pjne St 9th Floor
    New York,NY10005     		none PC HBCU College Fair 25,000
    University of Rochester NI
    601 Elmwood Ave
    Rochester,NM14612     		none PC Program support 10,000
    Worker Justice Center of New York
    1187 Culver Rd
    Rochester,NY14609     		none PC Listening to undocumented voices, immigrant women speak program 20,000
    Total .................................bullet 3a 6,929,996
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 ...........     		    14 526  
    4 Dividends and interest from securities....     14 2,965,659  
    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 2,995,112  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMISCELLANEOUS PORTFOLIO INCOME     		      1,961  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   5,963,258  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,963,258
    (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 (2020)
    Form 990-PF (2020)
    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 instructions.
    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 (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    William & Sheila Konar Foundation
    EIN:
    22-2434846
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING & 990PF PREPARATION 17,650 8,000   9,650

    TY 2020 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 2020 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 1,024 813 M5   112      
    LEASEHOLD IMPRVMNT 2017-05-17 88,490 5,958 M39   2,269      
    COMPUTER SOFTWARE 2017-01-18 10,588 10,293 SL 3 295      
    FURNITURE/FIXTURES 2017-05-01 70,095 39,443 M7   8,755      
    COMPUTER EQUIPMENT 2017-03-14 36,180 25,761 M5   4,168      
    SIGNAGE/LOGO PANEL 2018-06-11 10,675 422 M39   274      
    DOORS 2018-09-20 4,986 165 M39   128      
    LOBBY FURNITURE 2018-07-06 1,192 462 M7   208      
    TABLES 2018-09-13 2,814 1,091 M7   492      
    FILE CABINETS 2018-12-14 1,655 641 M7   289      

    TY 2020 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 2020 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 14,438,839 14,744,687
    BERNSTEIN 95,422,826 111,181,649
    MORGAN STANLEY 9,086,717 10,399,399

    TY 2020 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 1,024 925 99  
    LEASEHOLD IMPRVMNT 88,490 8,227 80,263  
    COMPUTER SOFTWARE 10,588 10,588    
    FURNITURE/FIXTURES 70,095 48,198 21,897  
    COMPUTER EQUIPMENT 36,180 29,929 6,251  
    SIGNAGE/LOGO PANEL 10,675 696 9,979  
    DOORS 4,986 293 4,693  
    LOBBY FURNITURE 1,192 670 522  
    TABLES 2,814 1,583 1,231  
    FILE CABINETS 1,655 930 725  


    TY 2020 LegalFeesSchedule
    Name:
    William & Sheila Konar Foundation
    EIN:
    22-2434846
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 7,774     7,774


    TY 2020 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 204,591 192,533 192,533


    TY 2020 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 1,143     1,143
    MANAGEMENT FEE 19,500     19,500
    MAIL/COURIER SERVICE 1,319     1,319
    INFORMATION TECHNOLOGY 19,352     19,352
    OFFICE SUPPLIES 3,918     3,918
    INSURANCE 4,593     4,593
    DUES & SUBSCRIPTIONS 9,052     9,052
    TELEPHONE 1,235     1,235
    MAINTENANCE 2,059     2,059
    ADVERSTISING & MARKETING 2,239     2,239
    CAM CHARGES 3,863     3,863
    MISCELLANEOUS INVESTMENT EXPEN 71,868 71,868    
    OTHER PORTFOLIO EXPENSES 50,110 50,110    
    NYS FILING FEES 1,500     1,500


    TY 2020 OtherIncomeSchedule2
    Name:
    William & Sheila Konar Foundation
    EIN:
    22-2434846
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Miscellaneous Income 1,961 1,961  


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    William & Sheila Konar Foundation
    EIN:
    22-2434846
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVISORY COUNCIL FEES 5,000     5,000
    INVESTMENT MANAGEMENT FEES 325,268 325,268    


    TY 2020 TaxesSchedule
    Name:
    William & Sheila Konar Foundation
    EIN:
    22-2434846
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 59,260 59,260    
    FEDERAL TAXES 120,000 120,000