2008 Instructions For Schedule D (Form 990)
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Department of the Treasury
Internal Revenue Service
Instructions for Schedule D
(Form 990)
Supplemental Financial Statements
to have advisory privileges in the
Column (b). Complete for other
Section references are to the Internal
distribution or investment of amounts
similar funds or accounts held by the
Revenue Code unless otherwise noted.
held in the donor advised funds or
organization at any time during the tax
General Instructions
accounts because of the donor’s
year over which a donor, or person
status as a donor.
appointed by the donor, had advisory
Note. Terms in bold are defined in the
privileges with respect to the
Glossary of the Instructions for Form
distribution or investment of amounts
990.
Exceptions. A donor advised fund
held in such funds or accounts, but
does not include any fund or account:
which do not constitute a donor advised
Purpose of Schedule
1. That makes distributions only to a
fund. Examples of other similar funds or
single identified organization or
Schedule D (Form 990) is used by an
accounts include, but are not limited to,
governmental entity, or
organization that files Form 990 to
the funds or accounts listed in
provide the required reporting for donor
2. In which a donor or donor advisor
Exceptions above, or that are otherwise
advised funds, conservation
gives advice about which individuals
prescribed by statute as excepted from
easements, certain art and museum
the meaning of a donor advised fund.
receive grants for travel, study, or other
collections, escrow accounts and
similar purposes, if:
Line 1. Report in column (a) the total
custodial arrangements, endowment
number of donor advised funds and in
a. The donor or donor advisor’s
funds, and supplemental financial
column (b) the total number of other
advisory privileges are performed
information.
exclusively by such person in his or her
similar funds or accounts held by the
capacity as a member of a committee
organization at the end of the year.
Who Must File
in which all of the committee members
Line 2. Report in column (a) the
are appointed by the sponsoring
Any organization that answered “Yes”
aggregate amount of contributions
organization;
to Form 990, Part IV, Checklist of
during the year to all donor advised
Required Schedules, lines 6 through 12
b. No combination of donors or
funds and in column (b) the aggregate
donor advisors (and related persons as
must complete the appropriate parts of
amount of contributions during the year
defined below) directly or indirectly
Schedule D (Form 990) and attach it to
to all other similar funds or accounts
control the committee; and
Form 990.
held by the organization.
c. All grants from the fund or
Line 3. Report in column (a) the
If an organization is not required to
account are awarded on an objective
aggregate amount of grants made
file Form 990 but chooses to do so, it
and nondiscriminatory basis following a
during the year from all donor advised
must file a complete return and provide
procedure approved in advance by the
funds and in column (b) the aggregate
all of the information requested,
board of directors of the sponsoring
amount of grants made during the year
including the required schedules.
organization. The procedure must be
from all other similar funds or accounts
designed to ensure that all grants meet
held by the organization.
Specific Instructions
the requirements of section 4945(g)(1),
Line 4. Report in column (a) the
(2), or (3); or
aggregate value at the end of the year
Part I. Organizations
3. That the Secretary exempts from
of all donor advised funds and in
being treated as a donor advised fund
column (b) the aggregate value at the
Maintaining Donor
because either such fund or account is
end of the year of all other similar funds
advised by a committee not directly or
or accounts held by the organization.
Advised Funds or Other
indirectly controlled by the donor or
Similar Funds or
Part II. Conservation
donor advisor or because such fund
benefits a single identified charitable
Accounts
Easements
purpose. See Notice 2006-109,
2006-51 I.R.B. 1121.
Complete Part I if the organization
Complete Part II if the organization
answered “Yes” to Form 990, Part IV,
answered “Yes” to Form 990, Part IV,
line 6.
In regards to donor advised funds, a
line 7.
related person is any family member
Generally a donor advised fund is
In addition to reporting on
(as defined in section 4958(f)) of the
a fund or account:
conservation easements, also report
donor or donor advisor and any 35%
in Part II other interests in real property
1. That is separately identified by
controlled entity (as defined in section
that under state law have attributes
reference to contributions of a
4958(f)) of the donor or donor advisor.
similar to an easement (for example, a
donor or donors;
restrictive covenant or equitable
2. That is owned and controlled by a
Column (a). Complete for all donor
servitude).
sponsoring organization; and
advised funds held at any time during
3. For which the donor or donor
the tax year by the organization as a
A certified historic structure is any
advisor has or reasonably expects
sponsoring organization.
building or structure listed in the
Cat. No. 51527M
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