Instruction 990 Schedule D (Form 990) - 2011 printable pdf download

2011

Department of the Treasury

Internal Revenue Service

Instructions for Schedule D

(Form 990)

Supplemental Financial Statements

Specific Instructions

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

Section references are to the Internal

(2), or (3); or

Revenue Code unless otherwise noted.

General Instructions

3. That the Secretary exempts from

Part I. Organizations

being treated as a donor advised fund

Future developments.The IRS has

because either such fund or account is

Maintaining Donor

created a page on IRS.gov for

advised by a committee not directly or

Advised Funds or Other

information about Form 990 and its

indirectly controlled by the donor or

instructions, at

donor advisor or because such fund

Similar Funds or

Information about any future

benefits a single identified charitable

developments affecting Form 990 (such

purpose.

Accounts

as legislation enacted after we release

Complete Part I if the organization

it) will be posted on that page..

See Notice 2006-109, 2006-51 IRB

answered “Yes” to Form 990, Part IV,

1121. See

Note. Terms in bold are defined in the

line 6.

2006-51/_IRB/ar11.html.

Glossary of the Instructions for Form

990.

Generally a donor advised fund is

A person related to a donor or donor

a fund or account:

advisor includes: any family member

Purpose of Schedule

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

1. That is separately identified by

donor or donor advisor and any 35%

Schedule D (Form 990) is used by an

reference to contributions of a

controlled entity (as defined in section

organization that files Form 990 to

donor or donors;

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

provide the required reporting for donor

2. That is owned and controlled by a

or their family members.

advised funds, conservation

sponsoring organization; and

easements, certain art and museum

Column (a). Complete for all donor

3. For which the donor or donor

collections, escrow or custodial

advised funds held at any time during

advisor has or reasonably expects

accounts or arrangements,

the tax year by the organization as a

to have advisory privileges in the

endowment funds, and supplemental

sponsoring organization.

distribution or investment of amounts

financial information.

held in the donor advised fund or

Column (b). Complete for each similar

account because of the donor’s

fund or account held by the

Who Must File

status as a donor.

organization at any time during the tax

An organization that answered “Yes” to

year over which a donor, or person

any of lines 6 through 12a on Form

appointed by the donor, had advisory

Exceptions. A donor advised fund

990, Part IV, Checklist of Required

privileges for distribution or investment

does not include any fund or account:

Schedules, must complete the

of amounts held in such fund or

1. That makes distributions only to a

appropriate part(s) of Schedule D

account, but which is not a donor

single identified organization or

(Form 990) and attach the schedule to

advised fund. Examples of other

governmental entity, or

Form 990. An organization that

similar funds or accounts include the

answered “Yes” to Form 990, Part IV,

2. In which a donor or donor advisor

funds or accounts listed in Exceptions

line 12b can complete Parts XI, XII, and

gives advice about which individuals

above, as well as funds otherwise

receive grants for travel, study, or other

XIII of Schedule D (Form 990), but is

prescribed by statute as excepted from

similar purposes, if:

not required to do so.

the meaning of a donor advised fund.

a. The donor or donor advisor’s

If an organization is not required to

Line 1. Report in column (a) the total

advisory privileges are performed

file Form 990 but chooses to do so, it

number of donor advised funds and in

exclusively by such person in his or her

must file a complete return and provide

column (b) the total number of other

capacity as a member of a committee

all of the information requested,

similar funds or accounts held by the

in which all of the committee members

including the required schedules.

organization at the end of the year.

are appointed by the sponsoring

Line 2. Report in column (a) the

organization;

aggregate amount of contributions

b. No combination of donors or

during the year to all donor advised

donor advisors (and related persons as

funds and in column (b) the aggregate

defined below) directly or indirectly

amount of contributions during the

control the committee; and

year to all other similar funds or

c. All grants from the fund or

accounts held by the organization.

account are awarded on an objective

Line 3. Report in column (a) the

and nondiscriminatory basis following a

procedure approved in advance by the

aggregate amount of grants made

board of directors of the sponsoring

during the year from all donor advised

organization. The procedure must be

funds and in column (b) the aggregate

designed to ensure that all grants meet

amount of grants made during the year

Dec 22, 2011

Cat. No. 51527M

Instruction 990 Schedule D (Form 990) - 2011

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