Instructions For Form 990-Pf - Return Of Private Foundation Or Section 4947(A)(1) Nonexempt Charitable Trust Treated As A Private Foundation - 2001 Page 2
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30•
Frequently requested tax forms that
501(c)(3) (Except Private Foundation),
Step
Part
Step
Part
may be filled in electronically, printed out
and Section 501(e), 501(f), 501(k),
1 . . . . . . . IV
8 . . . . . . XII, lines 1 – 4
for submission, and saved for
501(n), or Section 4947(a)(1) Nonexempt
2 . . . . . . . I & II
9 . . . . . . V & VI
recordkeeping.
Charitable Trust Supplementary
3 . . . . . . . Heading
10 . . . . . . XII, lines 5 – 6
•
The Internal Revenue Bulletin.
4 . . . . . . . III
11 . . . . . . XI
Information. (See Form 990 and Form
5 . . . . . . . VII-A
12 . . . . . . XIII
Buy the CD-ROM on the Internet at
990-EZ instructions.)
6 . . . . . . . VIII
13 . . . . . . VII-B
from the National
7 . . . . . . . IX-A – X
14 . . . . . . XIV – XVII
Technical Information Service (NTIS) for
B. Which Parts To
$21 (no handling fee), or call
C. Definitions
1-877-CDFORMS (1-877-233-6767) toll
Complete
•
free to buy the CD-ROM for $21 (plus a
A private foundation is a domestic or
The parts of the form listed below do not
$5 handling fee).
foreign organization exempt from income
apply to all filers. See How to avoid
tax under section 501(a); described in
By Phone and In Person
filing an incomplete return on this page
section 501(c)(3); and is other than an
You can order forms and publications 24
for information on what to do if a part or
organization described in sections
hours a day, 7 days a week, by calling
an item does apply.
509(a)(1) through (4).
•
1-800-TAX-FORM (1-800-829-3676). You
Part I, column (c), applies only to
In general, churches, hospitals,
can also get most forms and publications
private operating foundations and to
schools, and broadly publicly supported
at your local IRS office.
nonoperating private foundations that
organizations are excluded from private
have income from charitable activities.
foundation status by these sections.
General Instructions
•
Part II, column (c), with the exception
These organizations may be required to
of line 16, applies only to organizations
file Form 990 (or Form 990-EZ) instead of
Purpose of form. Form 990-PF is used:
•
Form 990-PF.
having at least $5,000 in assets per
To figure the tax based on investment
•
A nonexempt charitable trust treated
books at some time during the year. Line
income, and
•
as a private foundation is a trust that is
16, column (c), applies to all filers.
To report charitable distributions and
•
not exempt from tax under section 501(a)
Part IV does not apply to foreign
activities.
and all of the unexpired interests of which
organizations.
Also, Form 990-PF serves as a
are devoted to religious, charitable, or
•
substitute for the section 4947(a)(1)
Parts V and VI do not apply to
other purposes described in section
nonexempt charitable trust’s income tax
organizations making an election under
170(c)(2)(B), and for which a deduction
return, Form 1041, U.S. Income Tax
section 41(e).
was allowed under a section of the Code
•
Return for Estates and Trusts, when the
Part X does not apply to foreign
listed in section 4947(a)(1).
trust has no taxable income.
•
foundations that check box D2 on page 1
A taxable private foundation is an
of Form 990-PF unless they claim status
organization that is no longer exempt
A. Who Must File
as a private operating foundation.
under section 501(a) as an organization
•
Form 990-PF is an annual information
Parts XI and XIII do not apply to
described in section 501(c)(3). Though it
return that must be filed by:
may operate as a taxable entity, it will
foreign foundations that check box D2 on
•
Exempt private foundations (section
continue to be treated as a private
page 1 of Form 990-PF. However, check
6033(a), (b), and (c)).
foundation until that status is terminated
the box at the top of Part XI. Part XI does
•
Taxable private foundations (section
under section 507.
not apply to private operating foundations.
•
6033(d)).
A private operating foundation is an
Also, if the organization is a private
•
Organizations that agree to private
organization that is described under
operating foundation for any of the years
foundation status and whose applications
section 4942(j)(3) or (5). It means any
shown in Part XIII, do not complete the
for exempt status are pending on the due
private foundation that spends at least
portions that apply to those years.
date for filing Form 990-PF.
•
85% of the smaller of its adjusted net
•
Part XIV applies only to private
Organizations that made an election
income (figured in Part I) or its minimum
operating foundations.
under section 41(e)(6).
investment return (figured in Part X)
•
•
Part XV applies only to organizations
Organizations that are making a
directly for the active conduct of the
having assets of $5,000 or more during
section 507 termination.
exempt purpose or functions for which the
•
Section 4947(a)(1) nonexempt
the year. This part does not apply to
foundation is organized and operated and
charitable trusts that are treated as
certain foreign organizations.
that also meets the assets test, the
private foundations (section 6033(d)).
endowment test, or the support test
How to avoid filing an incomplete
Note: Include on the foundation’s return
(discussed in Part XIV).
•
return.
the financial and other information of any
A nonoperating private foundation is
•
Complete all applicable line items,
disregarded entity owned by the
a private foundation that is not a private
•
foundation. See Regulations sections
Answer “Yes,” “No,” or “N/A” (not
operating foundation.
•
301.7701-1 through 3 for information on
applicable) to each question on the
A foundation manager is an officer,
the classification of certain business
return,
director, or trustee of a foundation, or an
•
organizations including an eligible entity
individual who has powers similar to
Make an entry (including a zero when
that is disregarded as an entity separate
those of officers, directors, or trustees. In
appropriate) on all total lines, and
•
from its owner (disregarded entity).
the case of any act or failure to act, the
Enter “None” or “N/A” if an entire part
term “foundation manager” may also
Other section 4947(a)(1) nonexempt
does not apply.
include employees of the foundation who
charitable trusts. Section 4947(a)(1)
have the authority to act.
nonexempt charitable trusts that are not
Sequencing Chart To Complete
•
A disqualified person is:
treated as private foundations do not file
the Form
Form 990-PF. However, they may need to
1. A substantial contributor (see
You may find the following chart helpful. It
instructions for Part VII-A, line 10, on
file Form 990, Return of Organization
limits jumping from one part of the form to
Exempt From Income Tax, or Form
page 19);
another to compute an amount needed to
990-EZ, Short Form Return of
2. A foundation manager;
complete an earlier part. If you complete
Organization Exempt From Income Tax.
3. A person who owns more than 20%
the parts in the listed order, any
With either of these forms, the trust must
of a corporation, partnership, trust, or
information you may need from another
also file Schedule A (Form 990),
unincorporated enterprise that is itself a
part will already be entered.
Organization Exempt Under Section
substantial contributor;
-2-
Form 990-PF Instructions
ADVERTISEMENT
0 votes
Related Articles
Related forms
Instructions For Form 990-pf - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation -
Financial
Instructions For Form 990-pf - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation - Internal Revenue Service - 2010
Financial
Instructions For Form 990-pf - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation - Internal Revenue Service - 2009
Financial
Instructions For Form 990-pf - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation - Internal Revenue Service - 2007
Financial
Instructions For Form 990-pf - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation - Internal Revenue Service - 2008
Financial
Instructions For Form 990-pf - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation - Internal Revenue Service - 2003
Financial
Instructions For Form 990-pf - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation - Internal Revenue Service - 2004
Financial
Instructions For Form 990-pf - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation - 2017
Financial
Related Categories
Parent category: Financial