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This document details the financial activities of the Burkedale Foundation for the year 2011, including income, expenses, and distributions, aswell as information on compliance with tax regulations
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How to fill out Return of Private Foundation

01
Gather necessary financial records and documentation for the foundation.
02
Fill out the basic information section, including the foundation's name and tax identification number.
03
Complete the revenue section by reporting all income and contributions received during the year.
04
Detail the foundation's expenditures, including grants, administrative costs, and other expenses.
05
Complete any applicable schedules relevant to your foundation's activities and financial situation.
06
Review the completed return for accuracy and ensure all required signatures are provided.
07
Submit the return by the filing deadline to the appropriate tax authorities.

Who needs Return of Private Foundation?

01
Private foundations in the United States that are classified as tax-exempt under Section 501(c)(3) of the Internal Revenue Code.
02
Foundations that have received significant donations and are required to report their financial activity annually.
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These four ways of terminating are: (1) a voluntary termination by notifying the Service of intention to terminate and paying the tax on net assets under IRC 507(c), (2) involuntary termination by repeated violation of the Chapter 42 provisions and becoming subject to the tax under IRC 507(c)--a rare occurrence, (3)
The U.S. government expects foundations to use their assets to benefit society and it enforces this through section 4942 of the Internal Revenue Code, which requires private foundations to distribute 5% of the fair market value of their endowment each year for charitable purposes.
The 990-PF is the information return U.S. private foundations file with the Internal Revenue Service. This public document provides fiscal data for the foundation, names of trustees and officers, application information, and a complete grants list.
The U.S. government expects foundations to use their assets to benefit society and it enforces this through section 4942 of the Internal Revenue Code, which requires private foundations to distribute 5% of the fair market value of their endowment each year for charitable purposes.
A private foundation is a type of charitable organization that is typically established by an individual, family or corporation to support charitable activities.
The minimum investment return for any private foundation is 5 percent of the excess of the combined fair market value of all assets of the foundation, other than those used or held for use for exempt purposes, over the amount of indebtedness incurred to buy these assets.

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The Return of Private Foundation is a tax form required by the Internal Revenue Service (IRS) for private foundations to report their financial activities, including donations, grants, and expenditures.
Private foundations that are classified as 501(c)(3) organizations and have annual revenues that exceed a certain threshold are required to file the Return of Private Foundation, typically Form 990-PF.
Filling out the Return of Private Foundation involves gathering the foundation's financial data, including income, expenses, and assets, and accurately completing Form 990-PF based on this information, ensuring compliance with IRS guidelines.
The purpose of the Return of Private Foundation is to provide transparency and accountability regarding the financial operations of the foundation, ensuring that it operates in accordance with tax laws and fulfills its philanthropic mission.
Return of Private Foundation must report information including the foundation's income, expenditures, asset values, details of grants made, and the names of directors and officers, along with any compensation they receive.
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