Instructions For Schedule D 990 printable pdf download

2016

Department of the Treasury

Internal Revenue Service

Instructions for Schedule D

(Form 990)

Supplemental Financial Statements

Section references are to the Internal Revenue

board of directors of the sponsoring

Specific Instructions

Code unless otherwise noted.

organization. The procedure must be

designed to ensure that all grants meet

Part I. Organizations

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

Future developments. For the latest

Maintaining Donor

(2), or (3); or

information about developments related

to Schedule D (Form 990) and its

Advised Funds or Other

3. That the Secretary exempts from

instructions, such as legislation enacted

being treated as a donor advised fund

Similar Funds or Accounts

after they were published, go to

because either such fund or account is

Complete Part I if the organization

advised by a committee not directly or

answered “Yes” on Form 990, Part IV,

indirectly controlled by the donor or

General Instructions

line 6.

donor advisor or because such fund

benefits a single identified charitable

Note. Terms in bold are defined in the

Generally a donor advised fund is a

purpose.

Glossary of the Instructions for Form

fund or account:

990, Return of Organization Exempt

1. That is separately identified by

See Notice 2006-109, 2006-51 I.R.B.

From Income Tax.

reference to contributions of a

1121, available at

donor or donors;

2006-51_IRB/ar11.html

superseded in

Purpose of Schedule

2. That is owned and controlled by a

part by Rev. Proc. 2009-32, 2009-28

Schedule D (Form 990) is used by an

sponsoring organization; and

I.R.B. 142, modified and superseded by

organization that files Form 990 to

3. For which the donor or donor

Rev. Proc. 2011-33, 2011-25 I.R.B. 887.

provide the required reporting for donor

advisor has or reasonably expects

A person related to a donor or donor

advised funds, conservation

to have advisory privileges in the

advisor includes: any family member (as

easements, certain art and museum

distribution or investment of

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

collections, escrow or custodial

amounts held in the donor advised

donor or donor advisor and any 35%

accounts or arrangements,

fund or account because of the

controlled entity (as defined in section

endowment funds, and supplemental

donor's status as a donor.

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

financial information.

or their family members.

Note. Donor advised funds aren't

Who Must File

limited to funds or accounts that meet

Column (a). Complete for all donor

the definition of “funds” under generally

advised funds held at any time during

An organization that answered “Yes” to

the tax year by the organization as a

accepted accounting principles.

any of lines 6 through 12a on Form 990,

sponsoring organization.

Part IV, Checklist of Required

Exceptions. A donor advised fund

Schedules, must complete the

Column (b). Complete for each similar

doesn't include any fund or account:

appropriate part(s) of Schedule D (Form

fund or account held by the organization

1. That makes distributions only to a

990) and attach the schedule to Form

at any time during the tax year over

single identified organization or

990. An organization that answered

which a donor, or person appointed by

governmental entity, or

“Yes” on Form 990, Part IV, line 12b,

the donor, had advisory privileges for

2. In which a donor or donor advisor

can complete Parts XI and XII of

distribution or investment of amounts

gives advice about which individuals

Schedule D (Form 990), but isn't

held in such fund or account, but which

receive grants for travel, study, or other

required to do so.

isn't a donor advised fund. Examples

similar purposes, if:

of other similar funds or accounts

If an organization isn't required to file

a. The donor or donor advisor's

include the funds or accounts listed in

Form 990 but chooses to do so, it must

advisory privileges are performed

Exceptions above, as well as funds

file a complete return and provide all of

exclusively by such person in his or her

otherwise prescribed by statute as

the information requested, including the

capacity as a member of a committee in

excepted from the meaning of a donor

required schedules.

which all of the committee members are

advised fund.

appointed by the sponsoring

Line 1. Report in column (a) the total

organization;

number of donor advised funds and in

b. No combination of donors or

column (b) the total number of other

donor advisors (and related persons as

similar funds or accounts held by the

defined next) directly or indirectly

organization at the end of the year.

control the committee; and

Line 2. Report in column (a) the

c. All grants from the fund or

aggregate value of contributions

account are awarded on an objective

during the year to all donor advised

and nondiscriminatory basis following a

funds and in column (b) the aggregate

procedure approved in advance by the

May 24, 2016

Cat. No. 51527M

Instructions For Schedule D 990

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