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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
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$153,849,395J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 3,861,061 3,861,061  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,672,527
b Gross sales price for all assets on line 6a 14,712,428
7 Capital gain net income (from Part IV, line 2)... 5,672,527
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
476,352 476,352  
12 Total. Add lines 1 through 11........ 10,009,940 10,009,940  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages...... 305,836     305,836
15 Pension plans, employee benefits....... 70,234     70,234
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
12,735 0 0 12,735
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
13,800 11,040 0 2,760
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
358,492 335,108   23,384
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
15,884 15,884    
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
6,780    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 8,635     8,635
22 Printing and publications.......... 2,048     2,048
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
166,493 91,139   75,354
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 960,937 453,171 0 500,986
25 Contributions, gifts, grants paid....... 5,882,293 5,882,293
26 Total expenses and disbursements. Add lines 24 and 25 6,843,230 453,171 0 6,383,279
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,166,710
b Net investment income (if negative, enter -0-) 9,556,769
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 599,056 2,706,444 2,706,444
2 Savings and temporary cash investments......... 2,943,562 574,394 574,394
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)....... 118,215,124 Click to see attachment
List of Attached Documents:
// Content
121,677,578 		142,410,398
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 arrow231,044
Less: accumulated depreciation (attach schedule) right arrow143,668 90,809 Click to see attachment
List of Attached Documents:
// Content
87,376 		87,385
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
7,799,733 		Click to see attachment
List of Attached Documents:
// Content
7,770,774 		Click to see attachment
List of Attached Documents:
// Content
7,770,774
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 129,948,284 133,116,566 153,849,395
Liabilities 17 Accounts payable and accrued expenses..........   72
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 72
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........... 129,948,284 133,116,494
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)..... 129,948,284 133,116,494
30 Total liabilities and net assets/fund balances (see instructions). 129,948,284 133,116,566
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
129,948,284
2
Enter amount from Part I, line 27a .....................
2
3,166,710
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,500
4
Add lines 1, 2, and 3 ..........................
4
133,116,494
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
133,116,494
Form 990-PF (2024)
Form 990-PF (2024)
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 #888-99481 CIL COVERED P    
e BERNSTEIN #888-C1292 ST COVERED P    
BERNSTEIN #888-C1292 LT COVERED P    
MORGAN STANLEY #881-143165 LT COVERED P    
MORGAN STANLEY #881-010042 ST COVERED      
MORGAN STANLEY #881-010042 LT COVERED      
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 6,803   8,506 -1,703
b 911,909   773,974 137,935
c 10,282,526   5,998,133 4,284,393
d 5     5
e 2   2  
382,544   372,725 9,819
325,000   355,884 -30,884
515,458   499,301 16,157
1,472,578   1,031,376 441,202
      442,076
      442,076
      442,076
      442,076
      442,076
      442,076
      442,076
      442,076
      442,076
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       -1,703
b       137,935
c       4,284,393
d       5
e        
      9,819
      -30,884
      16,157
      441,202
       
       
       
       
       
       
       
       
       
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 5,672,527
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) 1 132,839
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........................... 3 132,839
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- ..... 5 132,839
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 86,669
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 86,669
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 46,170
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024 or the taxable year beginning in 2024? 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 2024, 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 (2024)
Form 990-PF (2024)
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)
Yes
 
(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
 
No
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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 		200,903 30,575  
1149 AMBERWOOD LANE
WEBSTER,NY14580
ANN MARIE MAHONEY OPERATIONS MANAGER
40.0 		87,734 22,774  
63 ALGER DRIVE
ROCHESTER,NY14624
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
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 (2024)
Form 990-PF (2024)
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
139,327,703
b
Average of monthly cash balances.......................
1b
3,115,189
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
142,442,892
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
142,442,892
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,136,643
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
140,306,249
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
7,015,312
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
7,015,312
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
132,839
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
132,839
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
6,882,473
4
Recoveries of amounts treated as qualifying distributions................
4
79,931
5
Add lines 3 and 4............................
5
6,962,404
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
6,962,404
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
6,383,279
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
6,383,279
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 6,962,404
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:2022, 2021, 2020 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 611,555
b From 2020...... 1,094,071
c From 2021......  
d From 2022...... 8,242,846
e From 2023...... 706,541
f Total of lines 3a through e ........ 10,655,013
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 6,383,279
a Applied to 2023, 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 2024 distributable amount..... 6,383,279
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 579,125 579,125
(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 10,075,888
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		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 2019 not
applied on line 5 or line 7 (see instructions) ... 		32,430
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		10,043,458
10 Analysis of line 9:
a Excess from 2020.... 1,094,071
b Excess from 2021....  
c Excess from 2022.... 8,242,846
d Excess from 2023.... 706,541
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 (2024)
Form 990-PF (2024)
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 150,000

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, pencils & paper program, mental wellness, future preparedness 257,500

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 Denial & Antisemitism Initiative 200,000

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 200,000

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 & Crisis Nursery 35,000

The Children's Agenda

1 SOUTH WASHINGTON STREET 120
ROCHESTER,NY14614 		NONE PC Advocacy to change systems for all children 55,000

The Lawrence W & Elyse Fine Community Foundation

255 EAST AVENUE Suite 201
ROCHESTER,NY14604 		None 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 20,000

Carthage College

2001 Alford Park Dr
Kenosha,WI53140 		None PC Urban Teacher Prep Program 55,000

Flower City Arts Center

713 Monroe Avenue
Rochester,NY14607 		None PC Educational Programs 50,000

Freedom House

1850 M Street NW 11th Floor
Washington,DC20036 		None PC Program Support & Annual Awards 75,000

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 & Collaborative Education for Equity 61,380

The Center For Teen Empowerment

392 Genesee Street
Rochester,NY14611 		None PC Neighborhood based youth programs 50,000

The Strong Museum

1 Manhattan Square
Rochester,NY14607 		None PC Generation Two at the Strong 20,000

YWCA of Rochester & Monroe County

175 N Clinton Ave
Rochester,NY14604 		None PC Empowering Women & sustaining emergency housing 50,750

Jewish Federation of Greater Rochester

255 East Avenue Suite 201
Rochester,NY14604 		None PC Support Program Services 500,000

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 		None PC Millcreek citizen assembly 175,000

Brookline Food Pantry

PO Box 45
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 20,000

GRSLA

274 North Goodman St Suite D103
Rochester,NY14607 		None PC Summer LEAP Program 80,000

Ibero-American Action League

817 East Main St
Rochester,NY14605 		None PC Hispanic Scholarship Recognition Awards 2,000

BreatheDeep

28 Green Clover Drive
Henrietta,NY14467 		None PC Summer Peer Ambassador Internship & Training 30,000

ROC The Future Alliance

274 N Goodman St Suite D103
Rochester,NY14607 		None PC Program Support 5,000

Keeping Our Promise

PO Box 92117
Rochester,NY14692 		None PC Camp Seneca Lake, General Program Support 12,590

Freedom Scholars Learning Center

130 Winton Road North
Rochester,NY14610 		None PC Summer Literacy Enrichment Program 30,000

HOPE585 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 40,612

Women's Foundation of Genesee Valley

494 East Avenue
Rochester,NY14607 		None PC Power Her Forward Girls Conference 15,000

WXXI Public Broadcasting Council

280 State Street
Rochester,NY14614 		None PC Journalism Initiative 150,000

Memorial Art Gallery

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

Rochester Education Foundation

250 Mill Street Suite 400
Rochester,NY14614 		None PC Equitable Access to Joy & Expansion of Rochester Imagination Library 47,961

Rochester Industries Education Fund

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

ROCovery Fitness

1035 Dewey Avenue
Rochester,NY14613 		None PC 5K Run/Walk & X-Challenge 1,250

David's Refuge Inc

5800 Heritage Landing Drive
East Syracuse,NY13057 		None PC Respite & Wellness Support for Rochester Caregivers 49,000

Foodlink Inc

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

Gateways Music Festival Inc

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

Hillel at the University of Rochester

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

House of Mercy Inc

285 Ormond Street
Rochester,NY14605 		None PC Program services 1,000

Legacy Makers Inc

52 Valley Brook Circle
Rochester,NY14616 		None PC Youth Financial Empowerment Program 50,000

Links Foundation Inc

PO Box 22873
Rochester,NY14692 		None PC Program Support 2,500

Mentors Inspiring Boys & Girls

75 Grover Street
Rochester,NY14611 		None PC Village artistic development program, After School Enrichment & Arts Program 40,000

NYLEAP Inc

6 Pinnacle Street
Ticonderoga,NY12883 		None PC Post Critical Incident Seminar 24,000

Rochester Museum & Science Center

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

ROC Royal Inc

80 Wilton Terrace
Rochester,NY14619 		None PC Summer Dream Camp 37,500

RTA Leadership for Reform Institute

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

The Legacy Drama House

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

Urban League of Rochester

265 North Clinton Avenue
Rochester,NY14605 		None PC Center for Equity & Justice Initiative 100,000

Visual Studies Workshop Inc

31 Prince Street
Rochester,NY14607 		None PC Support for 2025 Exhibitions 24,000

Academy of Health Services Charter School

1151 Ridgeway Ave
Rochester,NY14615 		None PC Career Pathways 70,000

Alzheimer's Association

225 North Michigan Ave
Chicago,IL60601 		None PC Health Services Research Initiative 1,000,000

Avenue Blackbox Inc

780 Joseph Avenue
Rochester,NY14621 		none PC Program Service 250

Cancer Action Inc

255 Alexander Street
Rochester,NY14607 		none PC Mapping my cancer journey 5,000

Catherine's House

PO Box 1633
Belmont,NC28012 		none PC Program Services 5,000

Common Ground Health

PO Box 160
Mt Morris,NY14510 		none PC Playful Learning Summit 2,500

Community Servings Inc

179 Armory Street
Jamaica Plain,MA02130 		none PC Program Services 5,000

Connected CommunitiesInc

1337 East Main St
Rochester,NY14609 		none PC Neighborhood Education Project 25,000

Contina Impact

127 University Ave
Berkeley,CA94710 		none PC Democracy Communications Fund 55,000

Convergence Center for Policy Resolution

1775 Eye St NW Suite 1150-287
Washington,DC20006 		none PC General Operating Expenses 50,000

David Hochstein Memorial Music School

50 N Plymouth Ave
Rochester,NY14614 		none PC Tuition assistance & community access growth 25,000

Finger Lakes Health Systems Agency

1150 University Ave
Rochester,NY14607 		none PC Healers Village - Building and Ecosystem of healing and wellness 47,500

Firsthand Learning Inc

2495 Main Street
Buffalo,NY14214 		none PC Program Services 5,000

Garth Fagan Dance

50 Chestnut Street
Rochester,NY14604 		none PC General Operating Support 50,000

Genesee Community Charter School

657 East Avenue
Rochester,NY14607 		none PC Preparing next generation of community leaders 22,500

George Eastman Museum

900 East Avenue
Rochester,NY14607 		none PC supporting museum access and transformation 100,000

Girl Scouts of Western New York

1000 Elmwood Ave
Rochester,NY14620 		none PC Creating women leaders of tomorrow 25,000

Greater Rochester Housing Project

16 East Main Street
Rochester,NY14614 		none PC Regional Revitalization Partnership Award 250,000

Hillside Foundation

1183 Monroe Ave
Rochester,NY14620 		none PC Work-scholarship connection grant 50,000

His Branches Inc

340 Arnett Blvd
Rochester,NY14619 		none PC Expanding access to comprehensive primary care 25,000

Hope Hall School

1612 Buffalo Road
Rochester,NY14624 		none PC Counseling Program Expansion Support 25,000

Kelly Brush Foundation

3 Main St
Burlington,VT05401 		none PC Program Services 6,000

Little Theatre Film Society

240 East Avenue
Rochester,NY14604 		none PC Onward - 100 years of The Little Theatre 25,000

Meeting of the Minds Collaborative Inc

30 Church Street
Rochester,NY14614 		none PC Program Services 5,000

Memorial AME Zion Inc

549 Clarissa Street
Rochester,NY14611 		none PC Summer Camp Grant 30,000

National Alliance to End Homelessness

1518 K Street
Washington,DC20005 		none PC Program services 250

National Susan B Anthony Museum & House

17 Madison Street
Rochester,NY14608 		none PC annual birthday celebration 1,500

Prosper Rochester Inc

492 East Avenue
Rochester,NY14607 		none PC Youth Workforce Training 25,000

READY Inc

40 Franklin Street
Rochester,NY14604 		none PC Ready school incubator 25,000

Rochester Area Community Foundation

500 East Avenue
Rochester,NY14607 		none PC Mentor Up Summer Soiree 1,250

Rochester Rotary Charitable Trusts Inc

180 Linden Oaks
Rochester,NY14625 		none PC sunshine camp program 10,000

Seneca Park Zoo Society

2222 St Paul Street
Rochester,NY14621 		none PC sponsor dream night at the zoo 1,000

Tides Center

1012 Tomey Ave
San Francisco,CA94129 		none PC Support for network partners in the Jewish partnership for democracy 100,000
Total .................................right arrow 3a 5,882,293
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
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     14 242,648  
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 3,861,061  
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 5,672,527  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aMISCELLANEOUS PORTFOLIO INCOME/LOSS 		        207,432
bMISCELLANEOUS INCOME         26,272
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   9,776,236 233,704
13Total. Add line 12, columns (b), (d), and (e)..................
13
10,009,940
(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.)
1a Interest is associated with a program related investment
Form 990-PF (2024)
Form 990-PF (2024)
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 Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 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 13,800 11,040   2,760

TY 2024 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 2024 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 15,034 M39   2,269      
COMPUTER SOFTWARE 2017-01-18 10,588 10,588 SL 3        
FURNITURE/FIXTURES 2017-05-01 70,095 66,968 M7   3,126      
COMPUTER EQUIPMENT 2017-03-14 36,180 36,180 M5          
SIGNAGE/LOGO PANEL 2018-06-11 10,675 1,518 M39   274      
DOORS 2018-09-20 4,986 677 M39   128      
LOBBY FURNITURE 2018-07-06 1,192 1,031 M7   106      
TABLES 2018-09-13 2,814 2,436 M7   251      
FILE CABINETS 2018-12-14 1,655 1,433 M7   148      
OFFICE FURNITURE 2024-07-01 3,346   M7   478      

TY 2024 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 2024 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 12,332,070 14,389,799
BERNSTEIN 96,424,491 114,727,811
MORGAN STANLEY 12,921,017 13,292,788

TY 2024 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 17,303 71,187  
COMPUTER SOFTWARE 10,588 10,588    
FURNITURE/FIXTURES 70,095 70,094 1  
COMPUTER EQUIPMENT 36,180 36,180    
SIGNAGE/LOGO PANEL 10,675 1,792 8,883  
DOORS 4,986 805 4,181  
LOBBY FURNITURE 1,192 1,137 55  
TABLES 2,814 2,687 127  
FILE CABINETS 1,655 1,581 74  
OFFICE FURNITURE 3,346 478 2,868  


TY 2024 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 12,735     12,735


TY 2024 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 347,199 343,240 343,240
LOAN RECEIVABLE - JCC 7,452,534 7,427,534 7,427,534


TY 2024 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 6,396     6,396
MAIL/COURIER SERVICE 1,092     1,092
INFORMATION TECHNOLOGY 28,906     28,906
OFFICE SUPPLIES 5,080     5,080
INSURANCE 4,645     4,645
DUES & SUBSCRIPTIONS 11,162     11,162
TELEPHONE 855     855
MAINTENANCE 2,232     2,232
ADVERSTISING & MARKETING 4,050     4,050
CAM CHARGES 6,397     6,397
MISC INVESTMENT EXPENSE 91,139 91,139    
MISCELLANEOUS EXPENSES 1,419     1,419
NYS FILING FEES 1,500     1,500
REGISTRATION & TRAINING FEES 1,620     1,620


TY 2024 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 26,272 26,272  
Other Portfolio Income/(Loss) 207,432 207,432  
Interest Income from JCC Loan 242,648 242,648  


TY 2024 OtherIncreasesSchedule
Name:
William & Sheila Konar Foundation
 
c/o Ann Marie Mahoney
EIN:
22-2434846
Description Amount
ADJUSTMENT TO PY RETAINED EARNINGS 1,500


TY 2024 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 16,134     16,134
INVESTMENT MANAGEMENT FEES 335,108 335,108    
ADVISORY FEES 7,250     7,250


TY 2024 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 15,884 15,884