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 - Page 13
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311. The amount of cash contributed,
payments on securities loans, as defined
Do not include on line 8 a net gain
2. A description of any property
in section 512(a)(5). Do not include any
from the sale or exchange of depreciable
contributed,
capital gain dividends reportable on line
property, or land used in a trade or
3. Whether the foundation provided
6. Report income from program-related
business (section 1231) and held for
any goods or services to the donor, and
investments on line 11. For debt
more than 1 year. However, include a net
4. A description and a good-faith
instruments with an original issue
loss from such property on line 23 as an
estimate of the value of any goods or
discount, report the original issue
Other expense.
services the foundation gave in return for
discount ratably over the life of the bond
In general, organizations may carry to
the contribution, unless:
on line 4. See section 1272 for more
line 8 the net short-term capital gain
information.
a. The goods and services have
reported on Part IV, line 3. However, if the
insubstantial value, or
In column (b). Enter the amount of
foundation had any short-term capital
b. A statement is included that these
dividend and interest income, and
gain from sales of debt-financed property,
payments on securities loans from
goods and services consist solely of
add it to the amount reported on Part IV,
intangible religious benefits.
column (a). Do not include interest on
line 3, to figure the amount to include on
tax-exempt government obligations.
line 8. For the definition of “debt-financed
Generally, if a charitable organization
property,” see the Instructions for Form
In column (c). Enter the amount of
solicits or receives a contribution of more
990-T.
dividends and interest income, and
than $75 for which it gives the donor
payments on securities loans from
Line 9 — Income modifications. Include
something in return (a quid pro quo
column (a). Include interest on
on this line:
contribution), the organization must
tax-exempt government obligations.
1. Amounts received or accrued as
inform the donor, by written statement,
Line 5a — Gross rents.
repayments of amounts taken into
that the amount of the contribution
account as qualifying distributions;
In column (a). Enter the gross rental
deductible for federal income tax
2. Amounts received or accrued from
income for the year from investment
purposes is limited to the amount by
the sale or other disposition of property to
property reportable on line 11 of Part II.
which the contribution exceeds the value
the extent that the acquisition of the
of the goods or services received by the
In columns (b) and (c). Enter the
property was considered a qualifying
donor. The written statement must also
gross rental income from column (a).
distribution for any tax year;
provide the donor with a good-faith
Line 5b — Net rental income or (loss).
3. Any amount set aside for a specific
estimate of the value of goods or services
Figure the net rental income or (loss) for
project (see explanation in the
given in return for the contribution.
the year and enter that amount on the
instructions for Part XII) that was not
entry line to the left of column (a).
Penalties. An organization that does
necessary for the purposes for which it
not make the required disclosure for each
Report rents from other sources on
was set aside;
quid pro quo contribution will incur a
line 11, Other income. Enter any
4. Income received from an estate,
penalty of $10 for each failure, not to
expenses attributable to the rental income
but only if the estate was considered
exceed $5,000 for a particular fundraising
reported on line 5, such as interest and
terminated for income tax purposes due
event or mailing, unless it can show
depreciation, on lines 13 – 23.
to a prolonged administration period; and
reasonable cause for not providing the
Line 6a — Net gain or (loss) from sale
5. Amounts treated in an earlier tax
disclosure.
of assets. Enter the net gain or (loss) per
year as qualifying distributions to:
For more information. See
books from all asset sales not included on
•
A nonoperating private foundation, if
Regulations section 1.170A-13 for more
line 10.
the amounts were not redistributed by the
information on charitable recordkeeping
For assets sold and not included in
grantee organization by the close of its
and substantiation requirements.
Part IV, attach a schedule showing:
tax year following the year in which it
•
Line 2. Check this box if the foundation is
Date acquired,
received the funds, or
•
•
not required to attach Sch. B.
Manner of acquisition,
An organization controlled by the
•
Gross sales price,
Line 3 — Interest on savings and
distributing foundation or a disqualified
•
Cost, other basis, or value at time of
temporary cash investments.
person if the amounts were not
acquisition (if donated) and which of
redistributed by the grantee organization
In column (a). Enter the total amount
these methods was used,
by the close of its tax year following the
of interest income from investments of the
•
Date sold,
year in which it received the funds.
type reportable in Balance Sheets, Part II,
•
To whom sold,
line 2. These include savings or other
•
Lines 10a, b, c — Gross profit from
Expense of sale and cost of
interest-bearing accounts and temporary
sales of inventory. Enter the gross
improvements made subsequent to
cash investments, such as money market
sales (less returns and allowances), cost
acquisition, and
funds, commercial paper, certificates of
•
of goods sold, and gross profit or (loss)
Depreciation since acquisition (if
deposit, and U.S. Treasury bills or other
from the sale of all inventory items,
depreciable property).
government obligations that mature in
including those sold in the course of
Line 6b — Gross sales price for all
less than 1 year.
special events and activities. These
assets on line 6a. Enter the gross sales
inventory items are the ones the
In column (b). Enter the amount of
price from all asset sales whose net gain
organization either makes to sell to others
interest income shown in column (a). Do
or loss was reported on line 6a.
or buys for resale.
not include interest on tax-exempt
Line 7 — Capital gain net income. Enter
government obligations.
Do not report any sales or exchanges
the capital gain net income from Part IV,
of investments on line 10.
In column (c). Enter the amount of
line 2. See Part IV instructions.
interest income shown in column (a).
Do not include any profit or (loss) from
Line 8 — Net short-term capital gain.
Include interest on tax-exempt
the sale of capital items such as
government obligations.
securities, land, buildings, or equipment
Only private operating foundations
TIP
report their short-term capital
on line 10. Enter these amounts on
Line 4 — Dividends and interest from
line 6a.
gains on line 8.
securities.
Do not include any business expenses
In column (a). Enter the amount of
Include only net short-term capital gain
such as salaries, taxes, rent, etc., on line
dividend and interest income from
for the year (assets sold or exchanged
10. Include them on lines 13 – 23.
securities (stocks and bonds) of the type
that were held not more than 1 year). Do
reportable in Balance Sheets, Part II, line
not include a net long-term capital gain or
Attach a schedule showing the
10. Include amounts received from
a net loss in column (c).
following items: Gross sales, Cost of
-13-
Form 990-PF Instructions
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