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 Page 15
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32Part II. Balance Sheets
Line 25. Contributions, gifts, grants
the donees are exempt from tax under
paid.
section 501(c)(3), they redistribute the
For column (b), show the book value at
contributions, and they maintain sufficient
In column (a). Enter the total of all
the end of the year. For column (c), show
evidence of redistributions according to
contributions, gifts, grants, and similar
the fair market value at the end of the
the regulations under section 4942(g).
amounts paid (or accrued) for the year.
year. Attached schedules must show the
•
Do not include contributions paid from
List each contribution, gift, grant, etc., in
end-of-year value for each asset listed in
a nonoperating private foundation to a
Part XV, or attach a schedule of the items
columns (b) and (c).
Type III supporting organization as
included on line 25 and list:
Foundations whose books of account
defined under section 4943(f)(5) that is
1. Each class of activity,
included total assets of $5,000 or more at
not a functionally integrated Type III
2. A separate total for each activity,
any time during the year must complete
supporting organization as defined under
3. Name and address of donee,
all of columns (a), (b), and (c).
section 4943(f)(5)(B). See Ann. 2007-87,
4. Relationship of donee if related by:
2007-40 I.R.B. 753, available at
Foundations with less than $5,000 of
a. Blood,
gov/irb/2007-40_IRBar17.html.
total assets per books at all times during
b. Marriage,
•
the year must complete all of columns (a)
Do not include contributions paid from
c. Adoption, or
and (b) and only line 16 of column (c).
a nonoperating private foundation to any
d. Employment (including children of
supporting organization if a disqualified
employees) to any disqualified person
Line 1. Cash — Non-interest-bearing.
person of the private foundation controls
(see General Instruction C for definitions),
Enter the amount of cash on deposit in
the supporting organization or any of its
and
checking accounts, deposits in transit,
supported organizations. See Notice
change funds, petty cash funds, or any
5. The organizational status of donee
2006-109, 2006-51 I.R.B. 1121, as
other non-interest-bearing account. Do
(for instance, public charity — an
modified by Rev. Proc. 2009-32, 2009-28
not include advances to employees or
organization described in section
I.R.B. 142 available at
gov/irb/
officers or refundable deposits paid to
509(a)(1), (2), or (3)).
2009 –
28_IRS/ar10.html.
suppliers or others.
•
Do not reduce the amount of grants
You do not have to give the name of
Line 2. Savings and temporary cash
paid in the current year by the amount of
any indigent person who received one or
investments. Enter the total of cash in
grants paid in a prior year returned or
more gifts or grants from the foundation
savings or other interest-bearing accounts
recovered in the current year. Report
unless that individual is a disqualified
and temporary cash investments, such as
those repayments on line 9, column (c),
person or one who received a total of
money market funds, commercial paper,
more than $1,000 from the foundation
and in Part XI, line 4.
certificates of deposit, and U.S. Treasury
•
during the year.
Do not include any payments of
bills or other governmental obligations
set-asides (see instructions for Part XII,
Activities should be classified
that mature in less than 1 year.
line 3) taken into account as qualifying
according to purpose and in greater detail
Line 3. Accounts receivable. On the
distributions in the current year or any
than merely classifying them as
dashed lines to the left of column (a),
prior year. All set-asides are included in
charitable, educational, religious, or
enter the year-end figures for total
qualifying distributions (Part XII, line 3) in
scientific activities. For example, use
accounts receivable and allowance for
the year of the set-aside, regardless of
identification such as payments for
doubtful accounts from the sale of goods
when paid.
nursing service, for fellowships, or for
and/or the performance of services. In
•
Do not include current year write-offs of
assistance to indigent families.
columns (a), (b), and (c), enter net
prior years’ program-related investments.
Foundations may include, as a single
amounts (total accounts receivable
All program-related investments are
entry on the schedule, the total of
reduced by the corresponding allowance
included in qualifying distributions (Part
amounts paid as grants for which the
for doubtful accounts). Claims against
XII, line 1b) in the year the investment is
foundation exercised expenditure
vendors or refundable deposits with
made.
responsibility. Attach a separate report for
suppliers or others may be reported here
•
Do not include any payments that are
each grant.
if not significant in amount. (Otherwise,
not qualifying distributions as defined in
report them on line 15.) Any receivables
When the fair market value of the
section 4942(g)(1).
due from officers, directors, trustees,
property at the time of disbursement is
foundation managers, or other
the measure of a contribution, the
Net Amounts
disqualified persons must be reported on
schedule must also show:
•
line 6. Report receivables (including loans
A description of the contributed
Line 27a. Excess of revenue over
and advances) due from other employees
property,
expenses and disbursements.
•
on line 15.
The book value of the contributed
Subtract line 26, column (a), from line 12,
property,
column (a) and enter the result.
Line 4. Pledges receivable. On the
•
The method used to determine the
Generally, the amount shown in column
dashed lines to the left of column (a),
book value,
(a) on this line is also the amount by
enter the year-end figures for total
•
The method used to determine the fair
which net assets (or fund balances) have
pledges receivable and allowance for
market value, and
increased or decreased for the year. See
doubtful accounts (pledges estimated to
•
The date of the gift.
the instructions for Part III, Analysis of
be uncollectible). In columns (a), (b), and
Changes in Net Assets or Fund Balances.
(c), enter net amounts (total pledges
The difference between fair
receivable reduced by the corresponding
market value and book value
TIP
Line 27b. Net investment income.
allowance for doubtful accounts).
should be shown in the books of
Domestic organizations should subtract
Line 5. Grants receivable. Enter the
account and as a net asset adjustment in
line 26 from line 12 and enter the result.
total grants receivable from governmental
Part III.
Exempt foreign organizations should
agencies, foundations, and other
In column (d). Enter on line 25 all
enter the amount shown on line 12.
organizations as of the beginning and end
contributions, gifts, and grants the
However, if the organization is a domestic
of the year.
foundation paid during the year with the
organization and line 26 is more than line
following exceptions.
Line 6. Receivables due from officers,
12 (such as when expenses exceed
•
Do not include contributions to
directors, trustees, and other
income), enter zero (not a negative
organizations controlled by the foundation
disqualified persons. Enter here (and
amount).
or by a disqualified person (see General
on an attached schedule described
Instruction C for definitions).
Line 27c. Adjusted net income.
below) all receivables due from officers,
•
Do not include contributions to
Subtract line 26, column (c) from line 12,
directors, trustees, foundation managers,
nonoperating private foundations unless
column (c) and enter the result.
and other disqualified persons and all
-15-
Form 990-PF Instructions
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