Instructions For Form 990-Pf - Return Of Private Foundation Or Section 4947(A)(1) Nonexempt Charitable Trust Treated As A Private Foundation - 2017 Page 28
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38employees who received more than
current-year expenditures of amounts
conducting the activity, and fees paid to
$50,000 in annual compensation.
previously reported as set-asides in Part
outside firms and individuals in connection
IX-A.
with a specific activity.
Show each listed employee's entire
compensation package for the period
Expenditures for direct charitable
Indirect (overhead) expenses are those
covered by the return. Include all forms of
activities include, among others, amounts
that aren't specifically identified as
compensation that each listed employee
paid or set aside to:
connected with a particular activity but that
received in return for his or her services.
relate to the direct costs incurred in
1. Acquire or maintain the operating
See the line 1 instructions for more details
conducting the activity. Examples of
assets of a museum, library, or historic site
on includible compensation.
indirect expenses include:
or to operate the facility;
Occupancy expenses;
Line 3. Five highest-paid independent
2. Provide goods, shelter, or clothing
Supervisory and clerical compensation;
contractors for professional services.
to indigent or disaster victims if the
Repair, rental, and maintenance of
Fill in the information requested for the five
foundation maintains some significant
equipment;
highest-paid independent contractors (if
involvement in the activity rather than
Expenses of other departments or cost
any), whether individuals or professional
merely making grants to the recipients;
centers (such as accounting, personnel,
service corporations or associations, to
3. Conduct educational conferences
and payroll departments or units) that
whom the organization paid more than
and seminars;
service the department or function that
$50,000 for the year to perform personal
4. Operate a home for the elderly or
incurs the direct expenses of conducting
services of a professional nature for the
disabled;
an activity; and
organization (for example, attorneys,
Other applicable general and
accountants, and doctors). Also show the
5. Conduct scientific, historic, public
administrative expenses, including the
total number of all other independent
policy, or other research with significance
compensation of top management, to the
contractors who received more than
beyond the foundation's grant program
extent reasonably allocable to a particular
$50,000 for the year for performing
that doesn't constitute a prohibited attempt
activity.
professional services.
to influence legislation;
6. Publish and disseminate the results
No specific method of allocation is
Part IX-A. Summary of
of such research, reports of educational
required. The method used, however,
Direct Charitable Activities
conferences, or similar educational
must be reasonable and must be used
material;
consistently.
List the foundation's four largest programs
7. Support the service of foundation
as measured by the direct and indirect
Examples of acceptable allocation
staff on boards or advisory committees of
expenses attributable to each that consist
methods include:
other charitable organizations or on public
of the direct active conduct of charitable
Compensation allocated on a time
commissions or task forces;
activities. Whether any expenditure is for
basis;
the direct active conduct of a charitable
8. Provide technical advice or
Employee benefits allocated on the
activity is determined, generally, by the
assistance to a governmental body, a
basis of direct salary expenses;
definitions and special rules of section
governmental committee, or subdivision of
Travel, conference, and meeting
4942(j)(3) and the related regulations,
either, in response to a written request by
expenses charged directly to the activity
which define a private operating
the governmental body, committee, or
that incurred the expense;
foundation.
subdivision;
Occupancy expenses allocated on a
space-utilized basis; and
9. Conduct performing arts
Except for significant involvement grant
Other indirect expenses allocated on
performances; or
programs, described below, don't include
the basis of direct salary expenses or total
in Part IX-A any grants or expenses
10. Provide technical assistance to
direct expenses.
attributable to administering grant
grantees and other charitable
programs, such as reviewing grant
organizations. This assistance must have
Part IX-B. Summary of
applications, interviewing or testing
significance beyond the purposes of the
Program-Related
applicants, selecting grantees, and
grants made to the grantees and mustn't
reviewing reports relating to the use of the
Investments
consist merely of monitoring or advising
grant funds.
the grantees in their use of the grant
funds. Technical assistance involves the
Program-related investment. Section
Include scholarships, grants, or other
furnishing of expert advice and related
4944(c) and corresponding regulations
payments to individuals as part of an
assistance regarding, for example:
define a program-related investment as
active program in which the foundation
one that is made primarily to accomplish a
a. Compliance with governmental
maintains some significant involvement.
charitable purpose of the foundation and
regulations,
Related administrative expenses should
no substantial purpose of which is to
also be included. Examples of active
b. Reducing operating costs or
produce investment income or a capital
programs and definitions of the term
increasing program accomplishments,
gain from the sale of the investment.
“significant involvement” are provided in
c. Fundraising methods, and
Examples of program-related investments
Regulations sections 53.4942(b)-1(b)(2)
include educational loans to individuals
d. Maintaining complete and accurate
and 53.4942(b)-1(d).
and low-interest loans to other section
financial records.
501(c)(3) organizations.
Don't include any program-related
Report both direct and indirect
investments (reportable in Part IX-B) in the
General instructions. Report all
expenses in the expense totals. Direct
description and expense totals.
program-related investments made in the
expenses are those that can be
current tax year. Don't report any
Include qualified set-asides for direct
specifically identified as connected with a
investments made in a prior year even if
charitable activities reported on line 3 of
particular activity. These include, among
they were still held by the foundation in the
Part XII. Also, include in Part IX-A
others, compensation and travel expenses
current tax year.
amounts paid or set aside to acquire
of employees and officers directly
assets used in the direct active conduct of
engaged in an activity, the cost of
Report in the amount column only the
charitable activities. Don't include
materials and supplies utilized in
amounts of program-related investments
Form 990-PF Instructions
-28-
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