Instructions For Schedule D (Form 990) - Supplemental Financial Statements

2011

Department of the Treasury

Internal Revenue Service

Instructions for Schedule D

(Form 990)

Supplemental Financial Statements

Generally a donor advised fund is

A person related to a donor or donor

Section references are to the Internal

a fund or account:

advisor includes: any family member

Revenue Code unless otherwise noted.

(as defined in section 4958(f)(4)) of the

General Instructions

1. That is separately identified by

donor or donor advisor and any 35%

reference to contributions of a

controlled entity (as defined in section

More information. For more

donor or donors;

4958(f)(3)) of the donor, donor advisor,

information about the latest

2. That is owned and controlled by a

or their family members.

developments on Form 990 and its

sponsoring organization; and

instructions, go to

Column (a). Complete for all donor

3. For which the donor or donor

form990.

advised funds held at any time during

advisor has or reasonably expects

the tax year by the organization as a

to have advisory privileges in the

Note. Terms in bold are defined in the

sponsoring organization.

distribution or investment of amounts

Glossary of the Instructions for Form

Column (b). Complete for each similar

held in the donor advised fund or

990.

fund or account held by the

account because of the donor’s

organization at any time during the tax

Purpose of Schedule

status as a donor.

year over which a donor, or person

Schedule D (Form 990) is used by an

appointed by the donor, had advisory

organization that files Form 990 to

Exceptions. A donor advised fund

privileges for distribution or investment

provide the required reporting for donor

does not include any fund or account:

of amounts held in such fund or

advised funds, conservation

account, but which is not a donor

1. That makes distributions only to a

easements, certain art and museum

advised fund. Examples of other

single identified organization or

collections, escrow or custodial

similar funds or accounts include the

governmental entity, or

accounts or arrangements,

funds or accounts listed in Exceptions

2. In which a donor or donor advisor

endowment funds, and supplemental

above, as well as funds otherwise

gives advice about which individuals

financial information.

prescribed by statute as excepted from

receive grants for travel, study, or other

the meaning of a donor advised fund.

similar purposes, if:

Who Must File

Line 1. Report in column (a) the total

a. The donor or donor advisor’s

number of donor advised funds and in

advisory privileges are performed

An organization that answered “Yes” to

column (b) the total number of other

any of lines 6 through 12a on Form

exclusively by such person in his or her

similar funds or accounts held by the

990, Part IV, Checklist of Required

capacity as a member of a committee

organization at the end of the year.

Schedules, must complete the

in which all of the committee members

appropriate part(s) of Schedule D

are appointed by the sponsoring

Line 2. Report in column (a) the

(Form 990) and attach the schedule to

organization;

aggregate amount of contributions

Form 990. An organization that

during the year to all donor advised

b. No combination of donors or

answered “Yes” to Form 990, Part IV,

funds and in column (b) the aggregate

donor advisors (and related persons as

line 12b can complete Parts XI, XII, and

amount of contributions during the

defined below) directly or indirectly

XIII of Schedule D (Form 990), but is

year to all other similar funds or

control the committee; and

not required to do so.

accounts held by the organization.

c. All grants from the fund or

Line 3. Report in column (a) the

account are awarded on an objective

If an organization is not required to

and nondiscriminatory basis following a

aggregate amount of grants made

file Form 990 but chooses to do so, it

procedure approved in advance by the

during the year from all donor advised

must file a complete return and provide

board of directors of the sponsoring

funds and in column (b) the aggregate

all of the information requested,

organization. The procedure must be

amount of grants made during the year

including the required schedules.

designed to ensure that all grants meet

from all other similar funds or accounts

the requirements of section 4945(g)(1),

held by the organization.

Specific Instructions

(2), or (3); or

Line 4. Report in column (a) the

3. That the Secretary exempts from

aggregate value at the end of the year

Part I. Organizations

being treated as a donor advised fund

of all donor advised funds and in

because either such fund or account is

column (b) the aggregate value at the

Maintaining Donor

advised by a committee not directly or

end of the year of all other similar funds

indirectly controlled by the donor or

or accounts held by the organization.

Advised Funds or Other

donor advisor or because such fund

Similar Funds or

Part II. Conservation

benefits a single identified charitable

purpose.

Accounts

Easements

Complete Part I if the organization

See Notice 2006-109, 2006-51 IRB

Complete Part II if the organization

answered “Yes” to Form 990, Part IV,

1121. See

answered “Yes” to Form 990, Part IV,

line 6.

2006-51/_IRB/ar11.html.

line 7.

Oct 21, 2011

Cat. No. 51527M

Instructions For Schedule D (Form 990) - Supplemental Financial Statements - 2011 Page 2

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