Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
WILLIAM & DIANE HEIN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)6500 MAIN ST STE 5
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILLIAMSVILLE, NY14221
A Employer identification number

16-1484562
B Telephone number (see instructions)

(716) 633-6500
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$13,283,621J 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) 552,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 392,173 342,791  
5a Gross rents............ 3,806 3,806  
b Net rental income or (loss) -5,150
6a Net gain or (loss) from sale of assets not on line 10 10,053
b Gross sales price for all assets on line 6a 510,000
7 Capital gain net income (from Part IV, line 2)... 10,053
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
List of Attached Documents:
// Content
390,985 0  
12 Total. Add lines 1 through 11........ 1,349,017 356,650  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
11,910 9,910   0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
96,465 0   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
77,997 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
9,367 8,956   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 195,739 18,866   0
25 Contributions, gifts, grants paid....... 931,399 931,399
26 Total expenses and disbursements. Add lines 24 and 25 1,127,138 18,866   931,399
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 221,879
b Net investment income (if negative, enter -0-) 337,784
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 625,515 254,305 254,305
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,271,317 Click to see attachment
List of Attached Documents:
// Content
1,926,811 		1,958,718
b Investments—corporate stock (attach schedule)....... 1,245,061 Click to see attachment
List of Attached Documents:
// Content
1,268,482 		2,109,746
c Investments—corporate bonds (attach schedule)....... 6,577,550 Click to see attachment
List of Attached Documents:
// Content
6,577,609 		5,943,964
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans............. 83,409 75,521 75,521
13 Investments—other (attach schedule).......... 100,000 Click to see attachment
List of Attached Documents:
// Content
100,000 		91,341
14 Land, buildings, and equipment: basis right arrow3,764,419
Less: accumulated depreciation (attach schedule) right arrow914,393 2,928,023 Click to see attachment
List of Attached Documents:
// Content
2,850,026 		2,850,026
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 12,830,875 13,052,754 13,283,621
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 12,830,875 13,052,754
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
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)..... 12,830,875 13,052,754
30 Total liabilities and net assets/fund balances (see instructions). 12,830,875 13,052,754
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
12,830,875
2
Enter amount from Part I, line 27a .....................
2
221,879
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
13,052,754
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
13,052,754
Form 990-PF (2023)
Form 990-PF (2023)
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 US TREASURY BILL DUE 11/16/23   2023-05-15 2023-11-16
b COCA COLA ENTERPRISES 6.75% 9/15/23   2004-12-31 2023-09-15
c
d
e
(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 410,000   399,947 10,053
b 100,000   100,000 0
c
d
e
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       10,053
b       0
c
d
e
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 10,053
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
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 right arrow 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) 1 4,695
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 0
3 Add lines 1 and 2........................... 3 4,695
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 4,695
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 4,800
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,800
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 105
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow105 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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:
round bullet By language in the governing instrument, or
round bullet 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 XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNY
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 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
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
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 addressright arrowN/A
14
The books are in care ofright arrowWILLIAM S HEIN Telephone no.right arrow (716) 633-6500

Located atright arrow6500 MAIN STREETWILLIAMSVILLENY ZIP+4right arrow142215854
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-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? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(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)? ......................
1a(5)
 
No
(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.) ...............
1a(6)
 
No
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
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
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 2023? .............
1d
 
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-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))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
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
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
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? .................
5d
 
 
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? .............................
6a
 
No
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?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
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? .........................
8
 
No
Part VII
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
WILLIAM S HEIN DIRECTOR
3.00 		0 0 0
6500 MAIN STREET
WILLIAMSVILLE,NY14221
DIANE HEIN DIRECTOR
1.00 		0 0 0
6500 MAIN STREET
WILLIAMSVILLE,NY14221
WILLIAM C MORAN DIRECTOR
1.00 		0 0 0
6500 MAIN STREET
WILLIAMSVILLE,NY14221
JAMEY MORAN DIRECTOR
1.00 		0 0 0
6500 MAIN STREET
WILLIAMSVILLE,NY14221
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
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
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
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-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 VIII-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  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
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
9,404,710
b
Average of monthly cash balances.......................
1b
744,365
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
10,149,075
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
10,149,075
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
152,236
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
9,996,839
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
499,842
Part X
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 IX, line 6..................
1
499,842
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
4,695
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
59,238
c
Add lines 2a and 2b............................
2c
63,933
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
435,909
4
Recoveries of amounts treated as qualifying distributions................
4
7,888
5
Add lines 3 and 4............................
5
443,797
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
443,797
Part XI
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
931,399
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
931,399
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 443,797
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022...... 7,716
f Total of lines 3a through e ........ 7,716
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 931,399
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 443,797
e Remaining amount distributed out of corpus 487,602
5 Excess distributions carryover applied to 2023. 0 0
(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 5 495,318
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...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		495,318
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022.... 7,716
e Excess from 2023.... 487,602
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-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 2023, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
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 IX, 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 XIV
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).)
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.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
WILLIAM S HEIN
2350 N FOREST ROAD
GETZVILLE,NY14068
(716) 882-2600
bThe form in which applications should be submitted and information and materials they should include:
WRITTEN GRANT REQUESTS ONLY
cAny submission deadlines:
OCTOBER 15TH
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
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

ALS FOUNDATION

135 OLD COVE ROAD SUITE 213
LIVERPOOL,NY13090 		  PC CHARITABLE 5,000

ATHLETES IN ACTION

54 CROWNVIEW TERRACE
HAMBURG,NY14221 		  PC CHARITABLE 4,000

BUFFALO CITY MISSION

100 E TUPPER STREET
BUFFALO,NY14203 		  PC CHARITABLE 3,000

BUFFALO DREAM CENTER

286 LAFAYETTE AVENUE
BUFFALO,NY14213 		  PC CHARITABLE 5,000

BUMP - BUFFALO URBAN MISSION PARTNERSHIP

172 15TH STREET
BUFFALO,NY14213 		  PC CHARITABLE 3,000

CHILD EVANGELISM FELLOWSHIP

PO BOX 711
HAMBURG,NY14075 		  PC RELIGIOUS 1,000

CHRISTIAN CENTRAL ACADEMY

39 ACADEMY
WILLIAMSVILLE,NY14221 		  PC EDUCATIONAL AND RELIGIOUS 20,000

CHRISTIAN CENTRAL ACADEMY

39 ACADEMY
WILLIAMSVILLE,NY14221 		  PC EDUCATIONAL AND RELIGIOUS 10,000

CHRISTIAN COUNSELING MINISTRIES

9070 MAIN STREET
CLARENCE,NY14031 		  PC RELIGIOUS 6,000

CHRISTIAN MEDICAL AND DENTAL ASSOCIATION

PO BOX 7500
BRISTOL,TN37621 		  PC RELIGIOUS 14,000

CHRISTIAN RELIEF FUND

PO BOX 19670
AMARILLO,TX79114 		  PC RELIGIOUS 7,000

CHURCH ON THE BEACH

6500 MAIN ST STE 5
WILLIAMSVILLE,NY14221 		  PC RELIGIOUS 831

COMPASS CARE

1230 EGGERT ROAD
BUFFALO,NY14226 		  PC CHARITABLE 10,000

CORE MINISTRY

20747 LOWES ISLAND BLVD
STERLING,VA20165 		  PC RELIGIOUS 5,000

COUNTY CORRECTIONS GOSPEL MISSION

PO BOX 1136
COATESVILLE,PA19320 		  PC RELIGIOUS 3,500

CROSS-TRAINING FOOTBALL

PO BOX 156
BOWMANSVILLE,NY14026 		  PC CHARITABLE 4,000

CRU

PO BOX 628222
ORLANDO,FL32862 		  PC CHARITABLE 5,000

CRU

PO BOX 628222
ORLANDO,FL32862 		  PC CHARITABLE 2,000

CRYSTAL RIDGE DREAM CENTER

385 DERBY ROAD PO BOX 1386
CYRSTAL BEACH,ONTARIOL0S 1B0
CA 		  PC CHARITABLE 1,000

CRYSTAL RIDGE DREAM CENTER

385 DERBY ROAD PO BOX 1386
CYRSTAL BEACH,ONTARIOL0S 1B0
CA 		  PC CHARITABLE 1,000

EDUNATIONS

8800 PEEBLES RD
ALISON PARK,PA15101 		  PC EDUCATIONAL 2,500

EIGHT DAYS OF HOPE

852 KENSIGNTON AVENUE
BUFFALO,NY14215 		  PC RELIGIOUS 255,000

EIGHT DAYS OF HOPE

852 KENSIGNTON AVENUE
BUFFALO,NY14215 		  PC RELIGIOUS 224,300

EIGHT DAYS OF HOPE

852 KENSIGNTON AVENUE
BUFFALO,NY14215 		  PC RELIGIOUS 9,000

EIGHT DAYS OF HOPE

852 KENSIGNTON AVENUE
BUFFALO,NY14215 		  PC RELIGIOUS 36,220

EIGHT DAYS OF HOPE

852 KENSIGNTON AVENUE
BUFFALO,NY14215 		  PC RELIGIOUS 8,000

ENGINEERING MINISTRIES INTERNATIONAL

7025 CAMPUS DRIVE
COLORADO SPRINGS,CO80920 		  PC RELIGIOUS 4,000

FAITHFUL STONE CHURCH

299 E UTICA
BUFFALO,NY14208 		  PC RELIGIOUS 4,000

FELLOWSHIP OF CHRISTIAN ATHLETES

PO BOX 894
BUFFALO,NY14213 		  PC CHARITABLE 5,000

GEM FOUNDATION

4605 E CHANDLER BLVD SUITE 110 BOX
107
PHOENIX,AZ85048 		  PC CHARITABLE 2,500

GLIDING STARS

1307 MILITARY ROAD
BUFFALO,NY14217 		  PC CHARITABLE 2,500

GOOD NEIGHBORS HEALTH CENTER

175 JEFFERSON AVENUE
BUFFALO,NY14210 		  PC CHARITABLE 1,000

HEARTS FOR THE HOMELESS

PO BOX 437
BUFFALO,NY14223 		  PC CHARITABLE 6,000

HOPE RISING SILO

PO BOX 2165
WILLIAMSVILLE,NY14221 		  PC CHARITABLE 10,000

HOSPICE BUFFALO

225 COMO PARK BLVD
BUFFALO,NY142271480 		  PC CHARITABLE 2,000

HOUGHTON COLLEGE

ONE WILLARD AVENUE
HOUGHTON,NY14744 		  PC EDUCATIONAL 20,000

HUNTER'S HOPE FOUNDATION

21 PRINCETON PLACE
ORCHARD PARK,NY14127 		  PC CHARITABLE 2,500

ILIO DIPAOLO SCHOLARSHIP FUND

3785 SOUTH PARK AVENUE
BLASDELL,NY14219 		  PC CHARITABLE 5,000

IMAGINE COMMUNITY GARDENS

7071 TRANSIT ROAD
EAST AMHERST,NY14051 		  PC CHARITABLE 6,000

IN FAITH

145 JOHN ROBERT THOMAS DRIVE
EXTON,PA19341 		  PC RELIGIOUS 4,000

INTERNATIONAL FRIENDSHIPS INC

PO BOX 933319
CLEVELAND,OH44193 		  PC CHARITABLE 4,000

JERICHO ROAD MINISTRIES

184 BARTON STREET
BUFFALO,NY14213 		  PC RELIGIOUS 4,000

JUSTICE AND MERCY LEGAL AID CENTER

913 N WYANDOT STREET
DENVER,CO80204 		  PC EDUCATIONAL 2,000

KEVIN LEMAN SCHOOL OF EXCELLENCE

8751 EAST TOURMALINE DRIVE
TUCSON,AZ85750 		  PC EDUCATIONAL 20,000

KINGDOM BOUND MINISTRIES

8550 SHERIDAN DRIVE
WILLIAMSVILLE,NY14221 		  PC RELIGIOUS 9,000

KINGDOM BOUND MINISTRIES

8550 SHERIDAN DRIVE
WILLIAMSVILLE,NY14221 		  PC RELIGIOUS 10,000

LET THEM LOL

PO BOX 2165
WILLIAMSVILLE,NY14231 		  PC CHARITABLE 5,000

LIFE CHURCH OF BUFFALO

4928 SENECA STREET
WEST SENECA,NY14224 		  PC RELIGIOUS 5,000

LIFE WITHOUT LIMBS

PO BOX 2430
AGOURA HILLS,CA91376 		  PC RELIGIOUS 10,000

MISSION GO

PO BOX 2010
BUFFALO,NY14231 		  PC RELIGIOUS 2,500

NCCC WRESTLING

3111 SAUNDERS SETTLEMENT ROAD
SANBORN,NY14132 		  PC CHARITABLE 2,500

OPOVERWATCH INC

PO BOX 414
LOCKPORT,NY14095 		  PC CHARITABLE 5,000

PATH - PEOPLE AGAINST TRAFFICKING HUMANS

999 DELAWARE AVE
BUFFALO,NY14209 		  PC CHARITABLE 7,000

PATH - PEOPLE AGAINST TRAFFICKING HUMANS

999 DELAWARE AVE
BUFFALO,NY14209 		  PC CHARITABLE 10,000

PRISON FELLOWSHIP

PO BOX 1550
MERRIFIELD,VA22116 		  PC CHARITABLE 2,000

RESOURCE COUNCIL OF WNY

347 EAST FERRY STREET
BUFFALO,NY14208 		  PC CHARITABLE 5,000

SAFE HARBOR

852 KENSIGNTON AVENUE
BUFFALO,NY14215 		  PC CHARITABLE 10,000

SAVINGS GRACE MINISTRIES INC

PO BOX 1013
WILLIAMSVILLE,NY14231 		  PC RELIGIOUS 25,000

SET FREE INC

PO BOX 407
BUFFALO,NY14215 		  PC CHARITABLE 5,000

SHERIDAN PARKSIDE COMMUNITY CHURCH

78 PYLE CT
TONAWANDA,NY14150 		  PC RELIGIOUS 2,500

SONRAYS MINISTRIES

PO BOX 673
TONAWANDA,NY14150 		  PC RELIGIOUS 11,500

SONRAYS MINISTRIES

PO BOX 673
TONAWANDA,NY14150 		  PC RELIGIOUS 1,548

SONRAYS MINISTRIES

PO BOX 673
TONAWANDA,NY14150 		  PC RELIGIOUS 500

SONRAYS MINISTRIES

PO BOX 673
TONAWANDA,NY14150 		  PC RELIGIOUS 10,000

SOUTH NIAGARA LIFE CENTRE MINISTRIES

143 GILMORE ROAD
FORT ERIE,ONTARIOL2A 2L9
CA 		  PC RELIGIOUS 5,000

UB - UNIVERSITY ADVANCEMENT

503 CAPEN HALL
BUFFALO,NY14260 		  PC CHARITABLE 3,000

UNIVERSITY OF BUFFALO WRESTLING

175-D ALUMNI AVENUE BOX 605000
BUFFALO,NY142605000 		  PC CHARITABLE 2,500

VIA - VISUALLY IMPAIRED ADVANCEMENT

1170 MAIN STREET
BUFFALO,NY14209 		  PC CHARITABLE 2,500

VICTORY SPORTS

EASTERN HILLS MALL 4545 TRANSIT
ROAD
WILLIAMSVILLE,NY14221 		  PC CHARITABLE 5,000

WESTSIDE MINISTRIES INC

301 14TH STREET
BUFFALO,NY14213 		  PC RELIGIOUS 7,000

WHEATON COLLEGE

501 COLLEGE AVENUE
WHEATON,IL60187 		  PC CHARITABLE 10,000

WINGS OF COMPASSION

PO BOX 338
BUFFALO,NY14205 		  PC CHARITABLE 2,500

WONDER CHURCH

395 GANSON STREET
BUFFALO,NY14203 		  PC RELIGIOUS 5,000
Total .................................right arrow 3a 931,399
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-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 .... 513130 4,321 14 334,380 53,472
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 -5,150  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    14 10,053  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aWILLIAM S HEIN & CO INC - BUSINESS INCOME 		513130 388,721      
bWILLIAM S HEIN & CO INC - RENTAL INCOME 513130 2,264      
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 395,306 339,283 53,472
13Total. Add line 12, columns (b), (d), and (e)..................
13
788,061
(See worksheet in line 13 instructions to verify calculations.)
Part XV-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 XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
4 INTEREST INCOME FROM MORTGAGE LOAN TO EXEMPT SCHOOL - $3,991
4 TAX-EXEMPT MUNICIPAL BOND INTEREST - $48,675
4 TAX-EXEMPT INTEREST FROM S CORP - $707
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
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Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
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
2023
Name of the organization
WILLIAM & DIANE HEIN FOUNDATION
 
Employer identification number

16-1484562
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) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
WILLIAM & DIANE HEIN FOUNDATION
  		Employer identification number
16-1484562
Part I
Contributors
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 S HEIN
2350 N FOREST ROAD
 
WILLIAMSVILLE, NY14221

$ 150,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
2012 HEIN FOUNDATION TRUST
 
2350 N FOREST ROAD
 
WILLIAMSVILLE, NY14221

$ 400,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
CORNER STONE MINISTRIES
 
150 EAST NORTH STREET
 
BUFFALO, NY14203

$ 2,000


(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) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
WILLIAM & DIANE HEIN FOUNDATION
  		Employer identification number

16-1484562
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) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
WILLIAM & DIANE HEIN FOUNDATION
  		Employer identification number

16-1484562
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) (2023)
Additional Data


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TY 2023 DepreciationSchedule
Name:
WILLIAM & DIANE HEIN FOUNDATION
EIN:
16-1484562
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
BUILDING - 327 N. ELLICOTT CREEK ROAD, AMHERST, NY 1997-01-01 400,000 260,000 SL 40.000000000000 10,000 0    
BUILDING - 5830 MAIN STREET WILLIAMSVILLE, NY 2006-06-01 813,097 335,400 SL 40.000000000000 20,327 0    
UNIT 421 II, ELLICOTTVILLE, NEW YORK 2010-01-01 202,332 66,178 SL 40.000000000000 5,058 0    
BUILDING - 36 NORTHAMPTON STREET, BUFFALO, NY 2013-08-08 227,065 53,347 SL 40.000000000000 5,677 0    
LAND - 36 NORTHAMPTON STREET, BUFFALO, NY 2013-08-08 25,000   L   0 0    
LAND - 327 N. ELLICOTT CREEK ROAD, AMHERST, NY 2010-01-01 250,146   L   0 0    
BUILDING - 852 KENSINGTON BUFFALO 2018-05-15 603,356 70,392 SL 40.000000000000 15,084 0    
LAND - 852 KENSINGTON BUFFALO 2018-05-15 150,839   L   0 0    
BUILDING - 999 DELAWARE AVE 2020-04-01 565,090 38,849 SL 40.000000000000 14,127 0    
LAND - 999 DELAWARE AVE 2020-04-01 141,272   L   0 0    
BUILDING - 1230 EGGERT ROAD 2021-06-03 308,978 12,230 SL 40.000000000000 7,724 0    
LAND - 1230 EGGERT ROAD 2021-06-03 77,244   L   0 0    

TY 2023 InvestmentsCorpBondsSchedule
Name:
WILLIAM & DIANE HEIN FOUNDATION
EIN:
16-1484562
Name of Bond End of Year Book Value End of Year Fair Market Value
PRIZER INC NOTE CPN 4% DUE 12/15/36 149,400 140,697
TARGET CORP NT 4.0% 07/01/42 B/E 400,162 361,585
PEPSICO INC SR NT 4.0% 03/05/42 B/E 642,424 588,241
ORACLE CORP FXD RT NT 4.125% 05/15/45 197,400 163,763
VERIZON COMMUNICATIONS INC. FIXED RT NT 4.750% 11/01/41 98,750 97,441
METLIFE INC SR NT 4.125% 8/13/42 B/E 250,000 221,462
LOEWS CORP FXD RT 4.125% 5/15/43 354,099 309,245
KRAFT FOODS GROUP INC FIXED RT NT 5.000% 06/04/42 120,489 110,836
WALGREEN CO NT 4.400% 09/15/42 149,700 116,654
JOHN DEERE CAP CORP UNSEC MED TERM CPN 4.150% DUE 9/15/27 150,138 148,968
PFIZER INC FXD RT 4.3% 06/15/43 150,000 137,704
HALLIBURTON CO SR NT 6.700% 09/15/38 167,265 146,943
GOLDMAN SACHS GROUP INC MEDIUM TERM NTS 5.00% 8/15/33 125,000 125,055
WELLS FARGO & CO MED TM SR NOTE CPN 4.150% DUE 1/24/29 148,125 145,788
AT&T INC FIXED RT NT 5.55% 8/15/41 B/E 151,217 152,685
BERKSHIRE HATHAWAY ENERGY CO SR NT 4.5% 02/01/45 225,000 206,797
BERKSHIRE HATHAWAY FIN CORP GTD FXD RT 4.3% 5/15/43 224,438 210,472
BERKSHIRE HATHAWAY FIN CORP GTD SR NT 4.4% 5/15/42 303,915 288,834
BERKSHIRE HATHAWAY INC DEL FIXED RATE 4.5% 2/11/43 196,680 194,546
CBS CORP NEW GTD FX RT SR NT 4.900% 08/15/2044 221,500 158,371
CORNING INC FIXED RT NT 4.750% 03/15/42 147,430 115,521
HALLIBURTON CO SR FIXED RT NT 4.5% 11/15/41 159,090 136,102
DISNEY WALT CO NEW MEDIUM TERM NOTES 4.125% 12/01/41 248,813 224,027
GEN ELEC CAP CORP LNTERNOTES 3.55% 01/15/33 100,000 86,851
GEN ELEC CAP CORP LNTERNOTES 3.8% 02/15/33 50,000 44,267
GEN ELEC CAP CORP LNTERNOTES SR 4.125% 05/15/34 350,000 313,385
GOLDMAN SACHS BANK USA MED TERM NTS 4.75% 8/15/35 242,124 203,537
GOLDMAN SACHS GROUP INC MED TERM NTS 4.150% 05/15/41 108,200 87,738
GOLDMAN SACHS GROUP INC MEDIUM TERM NTS 4.65% 6/15/42 100,000 92,815
GOLDMAN SACHS GROUP INC MEDIUM TERM NTS 4.75% 10/15/33 150,000 147,173
FORD MTR CO DEL NT 4.750% 7/15/43 B/E 196,250 165,406
AMERICAN EXPR CO UNSECD NOTE CPN 4050% DUE 05/03/29 200,000 197,487
JP MORGAN CHASE & CO NOTE CPN 5.5% DUE 10/15/40 DTD 10/21/10 100,000 103,568

TY 2023 InvestmentsCorpStockSchedule
Name:
WILLIAM & DIANE HEIN FOUNDATION
EIN:
16-1484562
Name of Stock End of Year Book Value End of Year Fair Market Value
OPPENHEIMERFUNDS - ROCHESTER AMT-FREE NEW YORK MUNICIPALFUND A - 94,462.833 1,175,000 1,008,863
WILLIAM S. HEIN & CO., INC. NON-VOTING COMMON STOCK 93,482 1,100,883

TY 2023 InvestmentsGovtObligationsSch
Name:
WILLIAM & DIANE HEIN FOUNDATION
EIN:
16-1484562
US Government Securities - End of Year Book Value:

1,577,277
US Government Securities - End of Year Fair Market Value:

1,625,607
State & Local Government Securities - End of Year Book Value:


349,534
State & Local Government Securities - End of Year Fair Market Value:


333,111


TY 2023 InvestmentsOtherSchedule2
Name:
WILLIAM & DIANE HEIN FOUNDATION
EIN:
16-1484562
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
GOLDMAN SACHS BANK USA NEW YORK NY CD FDIC #33124 CPN 1.05% DUE 09/29/26 AT COST 100,000 91,341

TY 2023 LandEtcSchedule2
Name:
WILLIAM & DIANE HEIN FOUNDATION
EIN:
16-1484562
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BUILDING - 327 N. ELLICOTT CREEK ROAD, AMHERST, NY 400,000 270,000 130,000 130,000
BUILDING - 5830 MAIN STREET WILLIAMSVILLE, NY 813,097 355,727 457,370 457,370
UNIT 421 II, ELLICOTTVILLE, NEW YORK 202,332 71,236 131,096 131,096
BUILDING - 36 NORTHAMPTON STREET, BUFFALO, NY 227,065 59,024 168,041 168,041
LAND - 36 NORTHAMPTON STREET, BUFFALO, NY 25,000 0 25,000 25,000
LAND - 327 N. ELLICOTT CREEK ROAD, AMHERST, NY 250,146 0 250,146 250,146
BUILDING - 852 KENSINGTON BUFFALO 603,356 85,476 517,880 517,880
LAND - 852 KENSINGTON BUFFALO 150,839 0 150,839 150,839
BUILDING - 999 DELAWARE AVE 565,090 52,976 512,114 512,114
LAND - 999 DELAWARE AVE 141,272 0 141,272 141,272
BUILDING - 1230 EGGERT ROAD 308,978 19,954 289,024 289,024
LAND - 1230 EGGERT ROAD 77,244 0 77,244 77,244


TY 2023 LegalFeesSchedule
Name:
WILLIAM & DIANE HEIN FOUNDATION
EIN:
16-1484562
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 11,910 9,910   0


TY 2023 OtherExpensesSchedule
Name:
WILLIAM & DIANE HEIN FOUNDATION
EIN:
16-1484562
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
N ELLICOTT EXP OTHER THAN DEPR AND TAX 308 0   0
BANK FEES 103 0   0
ELLICOTTVILLE MAINTENANCE FEE - EXEMPT PURPOSE 3,758 3,758   0
ELLICOTTVILLE HOMEOWNER'S FEES - EXEMPT PURPOSE 5,198 5,198   0
ELLICOTTVILLE OTHER- EXEMPT PURPOSE 0 0   0


TY 2023 OtherIncomeSchedule2
Name:
WILLIAM & DIANE HEIN FOUNDATION
EIN:
16-1484562
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
WILLIAM S HEIN & CO INC - BUSINESS INCOME 388,721   388,721
WILLIAM S HEIN & CO INC - RENTAL INCOME 2,264   2,264


TY 2023 TaxesSchedule
Name:
WILLIAM & DIANE HEIN FOUNDATION
EIN:
16-1484562
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF - ESTIM TAX PMT 4,800 0   0
990-T - ESTIM TAX PMT 56,000 0   0
CT-13 - BALANCE DUE FOR PRIOR YEAR 26,435 0   0
PROPERTY TAX - ELLICOTT - EXEMPT PURPOSE 2,335 0   0
PROPERTY TAX - NOT ELLICOTT - EXEMPT PUR 2,114 0   0
990-PF - BALANCE DUE FOR PRIOR YEAR 71 0   0
990-T - BALANCE DUE FOR PRIOR YEAR 4,710 0   0