William & Sheila Konar Foundation
- Assets
- $128.1m
- Revenue
- $10.0m
- Investments
- $115.1m
- Employees
- 0
- Location
- W Henrietta, NY
- Founding
- 03/1983
- Data as of
- 12/2022
- EIN
- 22-2434846
Organization Overview
William & Sheila Konar Foundation is located in W Henrietta, NY. The organization was established in 1983. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William & Sheila Konar Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, William & Sheila Konar Foundation generated $10.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 42.3% each year . All expenses for the organization totaled $7.8m during the year ending 12/2022. While expenses have increased by 27.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William & Sheila Konar Foundation has awarded 660 individual grants totaling $41,984,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,434,885 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,173,777 |
| Capital Gain Net Income | $5,173,777 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $437,493 |
| Total Revenue | $10,046,155 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $278,777 |
| Pension plans, employee benefits | $20,292 |
| Interest | $0 |
| Taxes | $289,579 |
| Depreciation | $11,511 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,343 |
| Printing and publications | $2,383 |
| Other expenses | $187,353 |
| Total operating and administrative expenses | $1,143,062 |
| Contributions, gifts, grants paid | $6,629,936 |
| Total expenses and disbursements | $7,772,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,164,658 |
| Savings and temporary cash investments | $2,867,109 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $100,245 |
| Other assets | $7,854,239 |
| Total assets | $128,058,646 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, William & Sheila Konar Foundation has awarded $6,629,936 in support to 93 organizations.
| Grant Recipient | Amount |
|---|---|
CHABAD LUBAVITCH PURPOSE: SERVICES FOR JEWISH COMMUNITY | $10,000 |
MAYO CLINIC FOUNDATION PURPOSE: GENERAL SUPPORT FOR GREATEST NEEDS AT MAYO CLINIC | $2,500 |
MONROE COMMUNITY COLLEGE FOUNDATION PURPOSE: SCHOLAR'S DAY FUND, HEALTHY HERO SUMMER CAMP, UNRESTRICTED FUND CHALLENGE | $95,602 |
GARTH FAGAN DANCE PURPOSE: DANCE2B EXPANSION & ENHANCEMENT, FAGAN INSTITUTE AT EAST | $65,200 |
CANCER WELLNESS CONNECTIONS PURPOSE: SUPPORT FOR PATIENT CARE/MEDICAL TREATMENTS | $2,500 |
JCC OF GREATER ROCHESTER PURPOSE: SURVIVORS: THE DOCUMENTARY | $100,000 |