Instructions For Form 990-Pf - Return Of Private Foundation Or Section 4947(A)(1) Nonexempt Charitable Trust Treated As A Private Foundation - 2001 Page 21
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30section 132(e)). See Pub. 525 for more
maintains some significant
specifically identified as connected with a
information. Examples of allowances
involvement. Related administrative
particular activity. These include, among
include amounts for which the recipient
expenses should also be included.
others, compensation and travel
did not account to the organization or
Examples of active programs and
expenses of employees and officers
allowances that were more than the
definitions of the term “significant
directly engaged in an activity, the cost of
payee spent on serving the organization.
involvement” are provided in Regulations
materials and supplies utilized in
Include payments made in connection
sections 53.4942(b)-1(b)(2) and
conducting the activity, and fees paid to
with indemnification arrangements, the
53.4942(b)-1(d).
outside firms and individuals in
value of the personal use of housing,
connection with a specific activity.
Do not include any program-related
automobiles, or other assets owned or
Indirect (overhead) expenses are
investments (reportable in Part IX-B) in
leased by the organization (or provided
those that are not specifically identified as
the description and expense totals, but be
for the organization’s use without charge).
connected with a particular activity but
sure to include qualified set-asides for
Line 2 — Compensation of five
that relate to the direct costs incurred in
direct charitable activities, reported on
highest-paid employees. Fill in the
conducting the activity. Examples of
line 3 of Part XII. Also, include in Part
information requested for the five
indirect expenses include: occupancy
IX-A, amounts paid or set aside to acquire
employees (if any) of the foundation (or
expenses; supervisory and clerical
assets used in the direct active conduct of
disregarded entity that the foundation
compensation; repair, rental, and
charitable activities.
owns) who received the greatest amount
maintenance of equipment; expenses of
of annual compensation over $50,000. Do
Expenditures for direct charitable
other departments or cost centers (such
activities include, among others, amounts
not include employees listed on line 1.
as accounting, personnel, and payroll
Also enter the total number of other
paid or set aside to:
departments or units) that service the
•
employees who received more than
Acquire or maintain the operating
department or function that incurs the
$50,000 in annual compensation.
assets of a museum, library, or historic
direct expenses of conducting an activity;
site or to operate the facility.
and other applicable general and
Show each listed employee’s entire
•
Provide goods, shelter, or clothing to
administrative expenses, including the
compensation package for the period
indigents or disaster victims if the
compensation of top management, to the
covered by the return. Include all forms of
foundation maintains some significant
extent reasonably allocable to a particular
compensation that each listed employee
involvement in the activity rather than
activity.
received in return for his or her services.
merely making grants to the recipients.
See the line 1 instructions for more details
No specific method of allocation is
•
Conduct educational conferences and
on includible compensation.
required. The method used, however,
seminars.
must be reasonable and must be used
•
Line 3 — Five highest-paid independent
Operate a home for the elderly or
consistently.
contractors for professional services.
disabled.
•
Fill in the information requested for the
Examples of acceptable allocation
Conduct scientific, historic, public
five highest-paid independent contractors
methods include:
policy, or other research with significance
•
(if any), whether individuals or
Compensation that is allocated on a
beyond the foundation’s grant program
professional service corporations or
time basis.
that does not constitute a prohibited
•
associations, to whom the organization
Employee benefits that are allocated on
attempt to influence legislation.
•
paid more than $50,000 for the year to
the basis of direct salary expenses.
Publish and disseminate the results of
•
perform personal services of a
Travel, conference, and meeting
such research, reports of educational
professional nature for the organization
expenses that are charged directly to the
conferences, or similar educational
(such as attorneys, accountants, and
activity that incurred the expense.
material.
•
•
doctors). Also show the total number of all
Occupancy expenses that are allocated
Support the service of foundation staff
other independent contractors who
on a space-utilized basis.
on boards or advisory committees of
•
received more than $50,000 for the year
Other indirect expenses that are
other charitable organizations or on public
for performing professional services.
allocated on the basis of direct salary
commissions or task forces.
•
expenses or total direct expenses.
Provide technical advice or assistance
Part IX-A—Summary of
to a governmental body, a governmental
Part IX-B—Summary of
committee, or subdivision of either, in
Direct Charitable Activities
response to a written request by the
Program-Related
List the foundation’s four largest
governmental body, committee, or
programs as measured by the direct and
Investments
subdivision.
indirect expenses attributable to each that
•
Conduct performing arts performances.
•
consist of the direct active conduct of
Program-related investment. Section
Provide technical assistance to
charitable activities. Whether any
4944(c) and corresponding regulations
grantees and other charitable
expenditure is for the direct active
define a program-related investment as
organizations. This assistance must have
conduct of a charitable activity is
one that is made primarily to accomplish
significance beyond the purposes of the
determined, generally, by the definitions
a charitable purpose of the foundation
grants made to the grantees and must not
and special rules of section 4942(j)(3) and
and no substantial purpose of which is to
consist merely of monitoring or advising
the related regulations, which define a
produce investment income or a capital
the grantees in their use of the grant
private operating foundation.
gain from the sale of the investment.
funds. Technical assistance involves the
Examples of program-related investments
Except for significant involvement
furnishing of expert advice and related
include educational loans to individuals
grant programs, described below, do not
assistance regarding, for example:
and low-interest loans to other section
include in Part IX-A any grants or
1. Compliance with governmental
501(c)(3) organizations.
expenses attributable to administering
regulations;
General instructions. Include only
grant programs, such as reviewing grant
2. Reducing operating costs or
applications, interviewing or testing
those investments that were reported in
increasing program accomplishments;
applicants, selecting grantees, and
Part XII, line 1b, for the current year. Do
3. Fundraising methods; and
not include any investments made in any
reviewing reports relating to the use of the
4. Maintaining complete and accurate
grant funds.
prior year even if they were still held by
financial records.
the foundation at the end of 2001.
Include scholarships, grants, or other
Report both direct and indirect
payments to individuals as part of an
expenses in the expense totals. Direct
Investments consisting of loans to
expenses are those that can be
active program in which the foundation
individuals (such as educational loans)
-21-
Form 990-PF Instructions
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