Instructions For Form 990-Pf - Return Of Private Foundation Or Section 4947(A)(1) Nonexempt Charitable Trust Treated As A Private Foundation - 2001 Page 14
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30Line 18 — Taxes. Attach a schedule
Line 20 — Occupancy. Enter the amount
Line 25 — Contributions, gifts, grants
paid.
listing the type and amount of each tax
paid or incurred for the use of office
reported on line 18. Do not enter any
space or other facilities. If the space is
In column (a), enter the total of all
taxes included on line 15.
rented or leased, enter the amount of
contributions, gifts, grants, and similar
rent. If the space is owned, enter the
amounts paid (or accrued) for the year.
In column (a), enter the taxes paid (or
amount of mortgage interest, real estate
List each contribution, gift, grant, etc., in
accrued) during the year. Include all types
taxes, and similar expenses, but not
Part XV, or attach a schedule of the items
of taxes recorded on the books, including
depreciation (reportable on line 19). In
included on line 25 and list:
real estate tax not reported on line 20; the
either case, include the amount for
tax on investment income; and any
1. Each class of activity,
utilities and related expenses (e.g., heat,
income tax.
2. A separate total for each activity,
lights, water, power, telephone, sewer,
3. Name and address of donee,
In column (b), enter only those taxes
trash removal, outside janitorial services,
4. Relationship of donee if related by:
included in column (a) that are related to
and similar services). Do not include any
a. Blood,
investment income taxable under section
salaries of the organization’s own
b. Marriage,
4940. Do not include the section 4940 tax
employees that are reportable on line 15.
c. Adoption, or
paid or incurred on net investment income
Line 21 — Travel, conferences, and
d. Employment (including children of
or the section 511 tax on unrelated
meetings. Enter the expenses for
employees) to any disqualified person
business income. Sales taxes may not be
officers, employees, or others during the
(see General Instruction C for definitions),
deducted separately, but must be treated
year for travel, attending conferences,
and
as a part of the cost of acquired property,
meetings, etc. Include transportation
5. The organizational status of donee
or as a reduction of the amount realized
(including fares, mileage allowance, or
(e.g., public charity — an organization
on disposition of the property.
automobile expenses), meals and
described in section 509(a)(1), (2), or (3)).
In column (c), enter only those taxes
lodging, and related costs whether paid
You do not have to give the name of
included in column (a) that relate to
on the basis of a per diem allowance or
any indigent person who received one or
income included in column (c). Do not
actual expenses incurred. Do not include
more gifts or grants from the foundation
include any excise tax paid or incurred on
any compensation paid to those who
the net investment income (as shown in
unless that individual is a disqualified
participate.
person or one who received a total of
Part VI), or any tax reported on Form
In column (b), only 50% of the
more than $1,000 from the foundation
990-T.
expense for business meals, etc., paid or
during the year.
In column (d), do not include any
incurred in connection with travel,
Activities should be classified
excise tax paid on investment income (as
meetings, etc., relating to the production
according to purpose and in greater detail
reported in Part VI of this return or the
of investment income, may be deducted
than merely classifying them as
equivalent part of a return for prior years)
in figuring net investment income (section
charitable, educational, religious, or
unless the organization is claiming status
274(n)).
scientific activities. For example, use
as a private operating foundation and
In column (c), enter the total amount
identification such as: payments for
completes Part XIV.
of expenses paid or incurred by officers,
nursing service, for fellowships, or for
Line 19 — Depreciation and depletion.
employees, or others for travel,
assistance to indigent families.
conferences, meetings, etc., related to
In column (a), enter the expense
Foundations may include, as a single
income included in column (c).
recorded in the books for the year.
entry on the schedule, the total of
Line 22 — Printing and publications.
amounts paid as grants for which the
For depreciation, attach a schedule
Enter the expenses for printing or
foundation exercised expenditure
showing:
publishing and distributing any
responsibility. Attach a separate report for
1. A description of the property,
newsletters, magazines, etc. Also include
each grant.
2. The date acquired,
the cost of subscriptions to, or purchases
3. The cost or other basis (exclude
When the fair market value of the
of, magazines, newspapers, etc.
any land),
property at the time of disbursement is
Line 23 — Other expenses. Enter all
4. The depreciation allowed or
the measure of a contribution, the
allowable in prior years,
other expenses for the year. Include all
schedule must also show:
5. The method of computation,
expenses not reported on lines 13 – 22.
1. A description of the contributed
Attach a schedule showing the type and
6. The rate (%) or life (years), and
property,
7. The depreciation this year.
amount of each expense.
2. The book value of the contributed
property,
If a deduction is claimed for
On a separate line on the schedule,
3. The method used to determine the
amortization, attach a schedule showing:
show the amount of depreciation included
•
book value,
in cost of goods sold and not included on
Description of the amortized expenses;
•
4. The method used to determine the
Date acquired, completed, or
line 19.
fair market value, and
expended;
In columns (b) and (c), a deduction
•
5. The date of the gift.
Amount amortized;
for depreciation is allowed only for
•
Deduction for prior years;
property used in the production of income
•
The difference between fair
Amortization period (number of
reported in the column, and only using
TIP
market value and book value
months);
the straight line method of computing
•
should be shown in the books of
Current-year amortization; and
depreciation. A deduction for depletion is
•
account and as a net asset adjustment in
Total amount of amortization.
allowed but must be figured only using
Part III.
the cost depletion method.
In column (c), in addition to the
In column (d), enter on line 25 all
applicable portion of expenses from
The basis used in figuring depreciation
contributions, gifts, and grants the
column (a), include any net loss from the
and depletion is the basis determined
foundation paid during the year.
sale or exchange of land or depreciable
•
under normal basis rules, without regard
Do not include contributions to
property that was held for more than
to the special rules for using the fair
organizations controlled by the foundation
1 year and used in a trade or business.
market value on December 31, 1969, that
or by a disqualified person (see General
relate only to gain or loss on dispositions
A deduction for amortization is allowed
Instruction C for definitions). Do not
for purposes of the tax on net investment
but only for assets used for the production
include contributions to nonoperating
income.
of income reported in column (c).
private foundations unless the donees are
-14-
Form 990-PF Instructions
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