Instructions For Form 990-Pf - Return Of Private Foundation Or Section 4947(A)(1) Nonexempt Charitable Trust Treated As A Private Foundation - 2017 Page 2
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38C. Definitions
Children®
(NCMEC). Photographs of
Organizations that made an election
missing children selected by the Center
under section 41(e)(6)(D)(iv);
1. A private foundation is a domestic
may appear in instructions on pages that
Private foundations that are making a
or foreign organization exempt from
would otherwise be blank. You can help
section 507(b) termination; and
income tax under section 501(a),
bring these children home by looking at
Section 4947(a)(1) nonexempt
described in section 501(c)(3), and is
the photographs and calling
charitable trusts treated as private
other than an organization described in
1-800-THE-LOST (1-800-843-5678) if you
foundations (section 6033(d)).
sections 509(a)(1) through (4).
recognize a child.
Include on the foundation's return
Churches, hospitals, schools, broadly
the financial and other information
Phone Help
TIP
publicly supported organizations,
of any disregarded entity owned
supporting organizations, and
If you have questions and/or need help
by the foundation. See Regulations
organizations that test for public safety are
completing this form, please call
sections 301.7701-1 through 3 for
excluded from private foundation status by
1-877-829-5500. This toll-free telephone
information on the classification of certain
sections 509(a)(1) through (4). These
service is available Monday through
business organizations, including an
organizations may be required to file Form
Friday.
eligible entity that is disregarded as an
990, Form 990-EZ, or Form 990-N
entity separate from its owner
(“e-Postcard”) instead of Form 990-PF.
IRS e-Services Makes
(disregarded entity).
2. A nonexempt charitable trust
Taxes Easier
treated as a private foundation is a trust
Other section 4947(a)(1) nonexempt
Now more than ever before, businesses
that isn't exempt from tax under section
charitable trusts. Section 4947(a)(1)
can enjoy the benefits of filing and paying
501(a) and all of the unexpired interests of
nonexempt charitable trusts not treated as
their federal taxes electronically. Whether
which are devoted to religious, charitable,
private foundations don't file Form 990-PF.
you rely on a tax professional or handle
or other purposes described in section
However, they may need to file Form 990,
your own taxes, the IRS offers you
170(c)(2)(B), and for which a charitable
Return of Organization Exempt From
convenient programs to make taxes
deduction was allowed under a section of
Income Tax, or Form 990-EZ, Short Form
easier.
the Code listed in section 4947(a)(1).
Return of Organization Exempt From
You can e-file your Form 990-PF, Form
Income Tax. With either of these forms,
3. A taxable private foundation is an
940 and 941 employment tax returns, and
the trust must also file Schedule A (Form
organization that previously was
Forms 1099 and other information returns.
990 or 990-EZ), Public Charity Status and
recognized as being exempt under section
Visit
IRS.gov/EFile
for details.
Public Support, and other required
501(a) as an organization described in
You can pay taxes online or by phone
schedules. See the Form 990 and Form
section 501(c)(3), but has lost that
using the free Electronic Federal Tax
990-EZ instructions.
recognition. Though it may operate as a
Payment System (EFTPS). Visit
taxable entity, it will continue to be treated
EFTPS.gov
or call 1-800-555-4477 for
B. Which Parts To
as a private foundation until that status is
details. Electronic Funds Withdrawal
Complete
terminated under section 507.
(EFW) from a checking or savings account
4. A private operating foundation is an
is also available to those who file
See the chart showing which parts of the
organization that is described under
electronically.
form must be completed, later.
section 4942(j)(3) or (5). It means any
General Instructions
private foundation that spends at least
How to avoid filing an incomplete re-
85% of the smaller of its adjusted net
turn.
income (figured in Part I) or its minimum
Purpose of form. Form 990-PF is used:
Complete all applicable line items.
investment return (figured in Part X)
To figure the tax based on investment
Answer “Yes,” “No,” or “N/A” (not
directly for the active conduct of the
income, and
applicable) to each question on the return.
exempt purpose or functions for which it is
To report charitable distributions and
Make an entry (including a zero when
organized and operated and that also
activities.
appropriate) on all total lines.
meets the assets test, the endowment
Enter “None” or “N/A” if an entire part
Also, Form 990-PF serves as a
test, or the support test (discussed in Part
doesn't apply.
substitute for the section 4947(a)(1)
XIV). Also, certain elderly care facilities
nonexempt charitable trust's income tax
Sequencing Chart To Complete
created before 1970 are treated as private
return, Form 1041, U.S. Income Tax
operating foundations.
the Form
Return for Estates and Trusts, when the
5. A nonoperating private foundation
trust has no taxable income.
You may find the following chart helpful. It
is a private foundation that isn't a private
limits jumping from one part of the form to
A. Who Must File
operating foundation. These often are
another to figure an amount needed to
referred to as “grant-making foundations.”
complete an earlier part. If you complete
Form 990-PF is an annual information
the parts in the listed order below, any
6. A foundation manager is an officer,
return that must be filed by:
information you may need from another
director, or trustee of a foundation, or an
Exempt private foundations (section
part will already be entered.
individual who has powers similar to those
6033(a), (b), and (c));
of officers, directors, or trustees. In the
Taxable private foundations (section
case of any act or failure to act, the term
Step
Part
Step
Part
6033(d));
“foundation manager” may also include
Organizations that agree to private
1
IV
8
XII, lines 1–4
. . . . . .
. . . . .
employees of the foundation who have the
foundation status and whose applications
2
I & II
9
V & VI
. . . . . .
. . . . .
authority to act.
3
Heading
10
XII, lines 5–6
for exempt status are pending on the due
. . . . . .
. . . .
4
III
11
XI
. . . . . .
. . . .
date for filing Form 990-PF;
7. A disqualified person is any of the
5
VII-A
12
XIII
. . . . . .
. . . .
Organizations that claim private
following.
6
VIII
13
VII-B
. . . . . .
. . . .
foundation status, haven't yet applied for
7
IX-A – X
14
XIV – XVII
. . . . . .
. . . .
a. A substantial contributor (see the
exempt status, and whose application isn't
instructions for Part VII-A, line 10, later).
yet untimely under section 508(a) for
b. A foundation manager.
retroactive recognition of exemption;
Form 990-PF Instructions
-2-
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