Pyotr Konchalovsky was born in the village of Slavianka, Izyumsky Uyezd, Kharkov Governorate, Russian Empire, on 21 February 1876.

His father was a translator and art publisher, with connections to many of the artists active in Russia during the late 19th century.

During his gymnasium years Konchalovsky attended classes of Moscow School of Painting, Sculpture and Architecture.

[1] By 1909, he was exhibiting frequently, participating in the Golden Fleece, Fraternity, Mir Iskusstva, and New Society of Artists.

He was a founding member of the society Knave of Diamonds in 1909, a rebellious, avant-guard group seeking to synthesize the modern art breakthroughs of French and German styles with Russian primitivism.

His daughter Natalia Konchalovskaya (1903–1988) was a notable children's writer and her husband Sergey Mikhalkov a notable poet, the author of children's poetry and two versions of the State Anthem of the Soviet Union and the present National anthem of Russia.

In addition to organizing exhibitions and presentations of Konchalovsky's artworks, the foundation is dedicated to conservation and authentication of the artist's work.