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 & Sheila Konar Foundation
c/o Ann Marie Mahoney
% 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 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$144,774,444J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 5,400,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 3,733,442 3,723,082  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 504,923
b Gross sales price for all assets on line 6a 10,261,654
7 Capital gain net income (from Part IV, line 2)... 504,923
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
49,599 49,599  
12 Total. Add lines 1 through 11........ 9,687,964 4,277,604  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages...... 270,712     270,712
15 Pension plans, employee benefits....... 22,765     22,765
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
12,675 0 0 12,675
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
14,000 11,200 0 2,800
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
320,069 312,501   7,568
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
226,217 82,103   19,114
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
9,435    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 7,901     7,901
22 Printing and publications.......... 2,018     2,018
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
181,566 97,473   84,093
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,067,358 503,277 0 429,646
25 Contributions, gifts, grants paid....... 6,730,874 6,730,874
26 Total expenses and disbursements. Add lines 24 and 25 7,798,232 503,277 0 7,160,520
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,889,732
b Net investment income (if negative, enter -0-) 3,774,327
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............. 2,164,658 599,056 599,056
2 Savings and temporary cash investments......... 2,867,109 2,943,562 2,943,562
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)      
b Investments—corporate stock (attach schedule)....... 114,772,395 Click to see attachment
List of Attached Documents:
// Content
118,215,124 		133,041,284
c Investments—corporate bonds (attach schedule)....... 300,000 Click to see attachment
List of Attached Documents:
// Content
300,000 		300,000
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow227,698
Less: accumulated depreciation (attach schedule) right arrow136,889 100,245 Click to see attachment
List of Attached Documents:
// Content
90,809 		90,809
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
7,854,239 		Click to see attachment
List of Attached Documents:
// Content
7,799,733 		Click to see attachment
List of Attached Documents:
// Content
7,799,733
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 128,058,646 129,948,284 144,774,444
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........... 128,058,646 129,948,284
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)..... 128,058,646 129,948,284
30 Total liabilities and net assets/fund balances (see instructions). 128,058,646 129,948,284
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
128,058,646
2
Enter amount from Part I, line 27a .....................
2
1,889,732
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
129,948,378
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
94
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
129,948,284
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 BERNSTEIN #036-41647 LT COVERED P    
b BERNSTEIN #888-99481 ST COVERED P    
c BERNSTEIN #888-99481 LT COVERED P    
d BERNSTEIN #888-C1292 ST COVERED P    
e BERNSTEIN #888-C1292 LT COVERED P    
MORGAN STANLEY #881-143165 ST COVERED P    
MORGAN STANLEY #881-143165 LT COVERED P    
MORGAN STANLEY #881-010037 ST COVERED P    
MORGAN STANLEY #881-010037 LT COVERED P    
MORGAN STANLEY #881-010037 LT NON-COVERED P    
MORGAN STANLEY #881-010037 LT NON-COVERED P    
MORGAN STANLEY #881-010042 ST COVERED P    
MORGAN STANLEY #881-010042 LT COVERED P    
AB GLOBAL RESEARCH - K-1 - ST GAIN P    
AB GLOBAL RESEARCH - K-1 - LT GAIN 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    
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 7,764   12,284 -4,520
b 900,052   946,886 -46,834
c 4,556,017   3,907,244 648,773
d 172,552   180,783 -8,231
e 1,691,696   1,916,786 -225,090
23,020   22,664 356
838,418   924,721 -84,147
596,068   640,019 -43,951
835,929   905,350 -72,109
24,235   24,181 54
27,035   25,435 1,600
76,355   76,087 268
286,670   270,997 15,673
      78,214
      19,024
      225,843
      225,843
      225,843
      225,843
      225,843
      225,843
      225,843
      225,843
      225,843
      225,843
      225,843
      225,843
      225,843
      225,843
      225,843
      225,843
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       -4,520
b       -46,834
c       648,773
d       -8,231
e       -225,090
      356
      -86,303
      -43,951
      -69,421
      54
      1,600
      268
      15,673
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 504,923
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 52,463
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  
3 Add lines 1 and 2........................... 3 52,463
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 52,463
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 139,132
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 139,132
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.......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 86,669
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow86,669 Refundedright arrow 11  
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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:
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 arrowkonarfoundation.org
14
The books are in care ofright arrowANN MARIE MAHONEY Telephone no.right arrow (585) 533-2903

Located atright arrow75 THRUWAY PARK DRIVEW HENRIETTANY ZIP+4right arrow14586
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
 
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? .........................
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
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
Jeremy Konar Trustee, Hours - As Required
0 		0 0 0
75 THRUWAY PARK DRIVE
W HENRIETTA,NY14586
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
LORNA WASHINGTON SR.PROGRAM OFFICER
40.0 		188,812 5,701  
1149 AMBERWOOD LANE
WEBSTER,NY14580
ANN MARIE MAHONEY OPERATIONS MANAGER
40.0 		76,500 17,084  
63 ALGER DRIVE
ROCHESTER,NY14624
Total number of other employees paid over $50,000...................right arrow 2
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
 
Total number of others receiving over $50,000 for professional services.............right arrow  
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 arrow  
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
125,052,740
b
Average of monthly cash balances.......................
1b
6,500,089
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
131,552,829
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
131,552,829
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,973,292
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
129,579,537
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
6,478,977
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
6,478,977
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
52,463
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
52,463
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
6,426,514
4
Recoveries of amounts treated as qualifying distributions................
4
27,465
5
Add lines 3 and 4............................
5
6,453,979
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
6,453,979
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
7,160,520
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
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 XII, line 4. .......
4
7,160,520
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 6,453,979
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:2021, 2020, 2019 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 205,793
b From 2019...... 611,555
c From 2020...... 1,094,071
d From 2021......  
e From 2022...... 8,242,846
f Total of lines 3a through e ........ 10,154,265
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 7,160,520
a Applied to 2022, 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 2023 distributable amount..... 6,453,979
e Remaining amount distributed out of corpus 706,541
5 Excess distributions carryover applied to 2023.    
(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 10,860,806
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 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) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		205,793
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		10,655,013
10 Analysis of line 9:
a Excess from 2019.... 611,555
b Excess from 2020.... 1,094,071
c Excess from 2021....  
d Excess from 2022.... 8,242,846
e Excess from 2023.... 706,541
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).)
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 right arrow
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 (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

Monroe Community College Foundation

1000 East Henrietta Rd
Rochester,NY14623 		NONE PC Scholar's Day Fund, Healthy Hero Summer Camp, Unrestricted Donation 45,000

JCC of Greater Rochester

1200 Edgewood Avenue
Rochester,NY14618 		NONE PC Grant Support 192,000

JCC Rochester Jewish Film Festival

1200 Edgewood Avenue
Rochester,NY14618 		NONE PC Jewish cultural support through film - Annual donation 25,000

Jewish Family Services

225 East Avenue Suite 201
Rochester,NY14604 		NONE PC Services for Jewish families, Holistic Programming within an affordable housing complex, pencils & paper program 295,500

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 10,000

US Holocaust Museum

100 Raoul Wallenberg Place SW
Washington,DC200242126 		NONE PC Tolerance education/promotion of Jewish history, Denial & Antisemitism Initiative 1,240,000

Breast Cancer Coalition of Rochester

10480 University Avenue
Rochester,NY14607 		NONE PC Support of breast cancer awareness programs/advocacy 2,500

Water for South Sudan

PO Box 25551
Rochester,NY14625 		NONE PC Provide access to clean water for Sudanese communities 2,500

Sisters of St Joseph of Rochester

150 French Road
Rochester,NY146183822 		NONE PC Medical Support for Retired Nuns 3,500

Al Sigl Community of Agencies

1000 Elmwood Avenue Suite 300
Rochester,NY146203098 		NONE PC Support for programs & services to children & families 2,500

Dana Farber Cancer Institute

450 Brookline Avenue
Boston,MA02115 		NONE PC Biobank for Innovative Cancer Research and Care 100,000

University of Rochester East EPO

1801 East Main St
Rochester,NY14609 		NONE PC Annual Donation - Step to College 300,000

American Indian College Fund

8444 GREENWOOD BLVD
DENVER,CO80221 		NONE PC PROMOTE EDUCATION INITIATIVES & OPPORTUNITIES 15,000

East House

259 MONROE AVENUE 200
ROCHESTER,NY14607 		NONE PC RECOVERY SUPPORT SERVICES 25,000

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 Economic Gardening Program & general program support 150,000

Homesteads for Hope

2185 MANITOU ROAD
ROCHESTER,NY14506 		NONE PC Support Program Services 50,000

The Center for Youth Services

905 MONROE AVENUE
ROCHESTER,NY14620 		NONE PC General Program Support 25,000

The Children's Agenda

1 SOUTH WASHINGTON STREET 120
ROCHESTER,NY14614 		NONE PC Advocacy to change systems for all children 50,000

The Lawrence W & Elyse Fine Community Foundation

255 EAST AVENUE Suite 201
ROCHESTER,NY14604 		Trustee PF PROGRAM SUPPORT 36,000

Baden Street Settlement

152 Baden Street
Rochester,NY14605 		None PC Support for Youth Success 50,000

Cameron Community Ministries

48 Cameron Street
Rochester,NY14606 		None PC Freedom School and general support 40,000

Carthage College

2001 Alford Park Dr
Kenosha,WI53140 		None PC Urban Teacher Prep Program 5,000

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 Program Support 5,000

Freedom House

1850 M Street NW 11th Floor
Washington,DC20036 		None PC Program Support & Annual Awards 65,000

Rochester Childrens Scholarship Fund

131 W Broad Street
Rochester,NY14614 		None PC Program Support 2,500

St John Fisher College

3690 East Avenue
Rochester,NY14618 		None PC Teacher Pipeline Innovation Program 61,380

The Center For Teen Empowerment

392 Genesee Street
Rochester,NY14611 		None PC Program Services 1,000

The Strong Museum

1 Manhattan Square
Rochester,NY14607 		None PC Camp Play Program & Generation Two 24,000

YWCA of Rochester & Monroe County

175 N Clinton Ave
Rochester,NY14604 		None PC Empowering Women 5,000

Jewish Federation of Greater Rochester

255 East Avenue Suite 201
Rochester,NY14604 		None PC Support Program Services, Emergency Israel Campaign 750,000

Pathstone Foundation

400 East Avenue
Rochester,NY14607 		None PC Thought Leadership 20,000

Woodland Golf Club Scholarship Foundation

1897 Washington Street
Auburndale,MA02466 		None PC Support young golfers with scholarships 15,000

Common Ground Foundation Inc

1387 Fairport Road Suite 800
Fairport,NY14450 		Trustee PC Deliverative Democracy Initiative 150,000

AS Academy Inc

4405 Shelly Road
Livonia,NY14487 		None PC Program Services 5,000

Brookline Community Foundation

40 Webster Place
Brookline,MA02445 		None PC Program Support 5,000

Brookline Food Pantry

15 St Paul St
Brookline,MA02446 		None PC Program Support 5,000

American Diabetes Association

PO Box 7023
Merrifield,VA22116 		None PC Camp Aspire 25,000

Best Buddies International

1000 Elmwood Avenue
Rochester,NY14620 		None PC Friendship & Inclusion Program 10,000

GRSLA

274 North Goodman St Suite D103
Rochester,NY14607 		None PC Summer LEAP Program 60,000

Ibero-American Action League

817 East Main St
Rochester,NY14605 		None PC Hispanic Scholarship Recognition Awards 4,000

BreatheDeep

28 Green Clover Drive
Henrietta,NY14467 		None PC Program Support 250

Coordinated Care Services

1099 Jay Street Building J
Rochester,NY14611 		None PC Antiracist Curriculum and general support 100,000

ROC The Future Alliance

274 N Goodman St Suite D103
Rochester,NY14607 		None PC Program Support 2,500

Keeping Our Promise

PO Box 92117
Rochester,NY14692 		None PC Camp Seneca Lake, General Program Support 6,500

Education Success Foundation

4 lake View Park
Rochester,NY14613 		None PC Whole Child Iniative 375,000

Freedom Scholars Learning Center

130 Winton Road North
Rochester,NY14610 		None PC Summer Literacy Enrichment Program, Seed Sowers & Storytellers 57,000

The Hub585 Inc

111 North Chestnut St
Rochester,NY14604 		None PC Community of Hope for Vulnerable Youth, Program Support 105,000

Friends & Foundation of Rochester Public Library

115 South Avenue
Rochester,NY14618 		None PC Summer Reading Program 40,500

Veterans Outreach Center

447 S Avenue
Rochester,NY14620 		None PC Therapeutic Outdoor Wellness Program 40,000

Women's Foundation of Genesee Valley

494 East Avenue
Rochester,NY14607 		None PC Power Her Forward Girls Conference 10,000

Warner School of Education

PO Box 270425
Rochester,NY14627 		None PC Warner School Endowment 595,000

WXXI Public Broadcasting Council

280 State Street
Rochester,NY14614 		None PC Journalism Initiative 100,000

Leadership Rochester

75 College Avenue
Rochester,NY14607 		None PC Emerging Leaders Teen Youth Program 13,312

Memorial Art Gallery

500 University Avenue
Rochester,NY14607 		None PC Expanded Learning Collaboration 50,000

National Civic League

190 East 9th Street
Denver,CO80203 		None PC America's Healthy Democracy Landscape 125,000

PUSH Physical Therapy

50 N Plymouth Ave
Rochester,NY14614 		None PC FLUSH Program 25,000

Rochester Education Foundation

250 Mill Street Suite 400
Rochester,NY14614 		None PC Smile Program & Expansion of Rochester Imagination Library 38,279

Rochester Industries Education Fund

150 State Street Suite 400
Rochester,NY14614 		None PC Regional Revitalization Partnership 100,000

Rochester Jewels Inc

174-178 West Main Street
Rochester,NY14614 		None PC Passion, Purpose, Profit Program 10,000

Rochester Regional Health Foundation

330 Monroe Avenue Suite 400
Rochester,NY14607 		None PC Scholarship Support for Low-Income RN Students 100,000

ROCovery Fitness

1035 Dewey Avenue
Rochester,NY14613 		None PC 5K Run/Walk & X-Challenge 1,000

Beyond Conflict

198 Tremont Street Suite 453
Boston,MA02116 		None PC Civic Genius & Beyond Conflict Partnership Event 8,757

Beyond the Sanctuary

549 Clarissa Street
Rochester,NY14618 		None PC Beyond Summer Camp 20,795

Borinquen Dance Theatre Inc

121 Fitzhugh Street 323
Rochester,NY14614 		None PC Dance Theatre & Costume Museum 60,700

Britton Road Association

188 Britton Road
Rochester,NY14692 		None PC General Program Support 24,700

David's Refuge Inc

5800 Heritage Landing Drive
East Syracuse,NY13057 		None PC Respite & Wellness Support for Rochester Caregivers 28,650

East Rochester UFSD

222 Woodbine Avenue
East Rochester,NY14445 		None PC General Program Support 5,150

EquiCenter Inc

3247 Rush Mendon Road
Honeoye Falls,NY14472 		None PC Horticulture & Equine Active Learning Program 30,000

Foodlink Inc

1999 Mount Read Blvd
Rochester,NY14615 		None PC Monroe County School Support Initiatives 100,000

Gamma Iota Boule Foundation Inc

109 South Union Street Suite 100
Rochester,NY14607 		None PC Program Support 5,000

Gateways Music Festival Inc

26 Gibbs St Box 58
Rochester,NY14604 		None PC Music Festival Support 25,000

Hearing & Speech Center of Rochester

1000 Elmwood Ave Suite 400
Rochester,NY14620 		None PC Early intervention for children 25,000

Hillel at the University of Rochester

1045 Wilson Blvd
Rochester,NY14627 		None PC Furthering Jewish Education on Campus 20,000

Horizons for Homeless Children

1705 Columbus Ave
Roxbury,MA02119 		None PC Program Support 6,000

House of Mercy Inc

285 Ormond Street
Rochester,NY14605 		None PC Eliminating Barriers to Health & Wellness through transportation 20,000

Legacy Makers Inc

52 Valley Brook Circle
Rochester,NY14616 		None PC Youth Financial Empowerment Program 30,000

Links Foundation Inc

PO Box 22873
Rochester,NY14692 		None PC Program Support 3,500

Massachusetts Coalition for the Homeless

73 Buffum Street
Lynn,MA01902 		None PC Program Support 5,000

Mentors Inspiring Boys & Girls

75 Grover Street
Rochester,NY14611 		None PC Village artistic development program, After School Enrichment & Arts Program 49,700

New York Foundation for the Arts Inc

29 West 38th Street 9th Floor
New York,NY10018 		None PC Revolution Reckoning Reparation Chapbook Program 24,000

NYLEAP Inc

6 Pinnacle Street
Ticonderoga,NY12883 		None PC Post Critical Incident Seminar 30,000

Our Lady of Mercy School for Young Women

1437 Blossom Road
Rochester,NY14610 		None PC Promote Cultural Understanding & Tolerance 18,000

Person Centered Housing Options Inc

400 West Avenue Suite 200
Rochester,NY14611 		None PC Integrated Service Conference 250

Policy Impact

127 University Avenue
Berkeley,CA94710 		None PC Democracy Funders Network 5,000

Rochester Museum & Science Center

657 East Avenue
Rochester,NY14607 		None PC Program Support 2,500

Roberts Wesleyan College

2301 Westside Drive
Rochester,NY14624 		None PC Healthy Steps to Student Success 15,000

ROC Royal Inc

80 Wilton Terrace
Rochester,NY14619 		None PC Summer Dream Camp 20,000

Rochester Beacon Inc

312 Susquehanna Road
Rochester,NY14618 		None PC General Program Support 25,000

RTA Leadership for Reform Institute

277 Alexander Street
Rochester,NY14607 		None PC Program Support 2,500

Rush Nursery School

50 Ward Hill Road
Henrietta,NY14467 		None PC Advancing Preschool Learning with Technology 10,551

The Episcopal Church Home Foundation

505 Mount Hope Avenue
Rochester,NY14620 		None PC Supporting Seniors in their Neighborhood 25,000

The Legacy Drama House

112 Webster Avenue
Rochester,NY14609 		None PC Economic Empowerment & Entrepreneur Expo 3,000

The Salvation Army

70 Liberty Pole Way
Rochester,NY14604 		None PC Staff Training for Trauma Informed Care 3,300

Third Presbyterian Church

4 Meigs Street
Rochester,NY14607 		None PC Math Matters Program 8,000

Urban League of Rochester

265 North Clinton Avenue
Rochester,NY14605 		None PC Center for Equity & Justice Initiative & Black Scholars Ceremony 101,000

Visual Studies Workshop Inc

31 Prince Street
Rochester,NY14607 		None PC Revolution Reckoning Reparation 24,000

Young Women's College Prep Foundation

133 Hoover Drive
Rochester,NY14615 		None PC Closing the Achievement Gap through college readiness 23,600

Youth Services Quality Council

PO Box 30273
Rochester,NY14603 		None PC Program Support 500
Total .................................right arrow 3a 6,730,874
bApproved for future payment
Total ................................. right arrow 3b  
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
aINTEREST INCOME FROM JCC PRI LOAN     14 188,913  
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 3,733,442  
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 ............ 		    18 504,923  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aMISCELLANEOUS PORTFOLIO INCOME/LOSS 		        -140,499
bMISCELLANEOUS INCOME         1,185
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   4,427,278 -139,314
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,287,964
(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.)
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:  
Software Version:  


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 & Sheila Konar Foundation
c/o Ann Marie Mahoney
Employer identification number

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






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
William & Sheila Konar Foundation
c/o Ann Marie Mahoney 		Employer identification number
22-2434846
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
Sheila Konar Estate
75 Thruway Park Drive
 
Rochester, NY14586

$ 5,400,000


(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.)
(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 & Sheila Konar Foundation
c/o Ann Marie Mahoney 		Employer identification number

22-2434846
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
William & Sheila Konar Foundation
c/o Ann Marie Mahoney 		Employer identification number

22-2434846
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
William & Sheila Konar Foundation
 
c/o Ann Marie Mahoney
EIN:
22-2434846
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING & 990PF PREPARATION 14,000 11,200   2,800

TY 2023 AllOthProgRltdInvestmentsSch
Name:
William & Sheila Konar Foundation
 
c/o Ann Marie Mahoney
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 2023 DepreciationSchedule
Name:
William & Sheila Konar Foundation
 
c/o Ann Marie Mahoney
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 1,023 M5          
LEASEHOLD IMPRVMNT 2017-05-17 88,490 12,765 M39   2,269      
COMPUTER SOFTWARE 2017-01-18 10,588 10,588 SL 3        
FURNITURE/FIXTURES 2017-05-01 70,095 60,709 M7   6,259      
COMPUTER EQUIPMENT 2017-03-14 36,180 36,180 M5          
SIGNAGE/LOGO PANEL 2018-06-11 10,675 1,244 M39   274      
DOORS 2018-09-20 4,986 549 M39   128      
LOBBY FURNITURE 2018-07-06 1,192 925 M7   106      
TABLES 2018-09-13 2,814 2,185 M7   251      
FILE CABINETS 2018-12-14 1,655 1,285 M7   148      

TY 2023 InvestmentsCorpBondsSchedule
Name:
William & Sheila Konar Foundation
 
c/o Ann Marie Mahoney
EIN:
22-2434846
Name of Bond End of Year Book Value End of Year Fair Market Value
ISRAEL BONDS 300,000 300,000

TY 2023 InvestmentsCorpStockSchedule
Name:
William & Sheila Konar Foundation
 
c/o Ann Marie Mahoney
EIN:
22-2434846
Name of Stock End of Year Book Value End of Year Fair Market Value
JP MORGAN 11,518,586 13,649,255
BERNSTEIN 94,972,341 107,354,329
MORGAN STANLEY 11,724,197 12,037,700

TY 2023 LandEtcSchedule2
Name:
William & Sheila Konar Foundation
 
c/o Ann Marie Mahoney
EIN:
22-2434846
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
COMPUTER EQUIPMENT 1,024 1,023 1  
LEASEHOLD IMPRVMNT 88,490 15,034 73,456  
COMPUTER SOFTWARE 10,588 10,588    
FURNITURE/FIXTURES 70,095 66,968 3,127  
COMPUTER EQUIPMENT 36,180 36,180    
SIGNAGE/LOGO PANEL 10,675 1,518 9,157  
DOORS 4,986 677 4,309  
LOBBY FURNITURE 1,192 1,031 161  
TABLES 2,814 2,436 378  
FILE CABINETS 1,655 1,433 222  


TY 2023 LegalFeesSchedule
Name:
William & Sheila Konar Foundation
 
c/o Ann Marie Mahoney
EIN:
22-2434846
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ATTORNEY FEES 12,675     12,675


TY 2023 OtherAssetsSchedule
Name:
William & Sheila Konar Foundation
 
c/o Ann Marie Mahoney
EIN:
22-2434846
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DIVIDENDS/INTEREST RECEIVABLE 374,239 347,199 347,199
LOAN RECEIVABLE - JCC 7,480,000 7,452,534 7,452,534


TY 2023 OtherDecreasesSchedule
Name:
William & Sheila Konar Foundation
 
c/o Ann Marie Mahoney
EIN:
22-2434846
Description Amount
BOOK/TAX DIFFERENCE 94


TY 2023 OtherExpensesSchedule
Name:
William & Sheila Konar Foundation
 
c/o Ann Marie Mahoney
EIN:
22-2434846
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL FEES 6,152     6,152
MAIL/COURIER SERVICE 996     996
INFORMATION TECHNOLOGY 34,180     34,180
OFFICE SUPPLIES 3,119     3,119
INSURANCE 4,859     4,859
DUES & SUBSCRIPTIONS 17,938     17,938
TELEPHONE 1,140     1,140
MAINTENANCE 2,287     2,287
ADVERSTISING & MARKETING 1,815     1,815
CAM CHARGES 6,921     6,921
MISC INVESTMENT EXPENSE 97,473 97,473    
MISCELLANEOUS EXPENSES 3,186     3,186
NYS FILING FEES 1,500     1,500


TY 2023 OtherIncomeSchedule2
Name:
William & Sheila Konar Foundation
 
c/o Ann Marie Mahoney
EIN:
22-2434846
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Miscellaneous Income 1,185 1,185  
Other Portfolio Income/(Loss) -140,499 -140,499  
Interest Income from JCC Loan 188,913 188,913  


TY 2023 OtherProfessionalFeesSchedule
Name:
William & Sheila Konar Foundation
 
c/o Ann Marie Mahoney
EIN:
22-2434846
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MISC OTHER PROFESSIONAL FEES 1,568     1,568
INVESTMENT MANAGEMENT FEES 312,501 312,501    
ADVISORY FEES 6,000     6,000


TY 2023 TaxesSchedule
Name:
William & Sheila Konar Foundation
 
c/o Ann Marie Mahoney
EIN:
22-2434846
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 82,103 82,103    
FEDERAL TAXES 125,000      
PAYROLL TAX 19,114     19,114