Get the free Form 990-PF 1 ;4 pR - Foundation Center

/. 6 S Form OMB No 1545-0052 Return of Private Foundation 990-PF or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation Department of the Treasury Internal Revenue Service

How to fill out form 990-pf 1 4

How to Fill Out Form 990-PF 1-4:

1. Gather necessary information: Before starting to fill out Form 990-PF 1-4, make sure you have all the required information handy. This includes details about the private foundation such as its name, address, and EIN (Employer Identification Number).
2. Provide foundation's basic information: In Section 1 of the form, you need to enter the foundation's basic information such as its legal name, address, and EIN. Double-check this information for accuracy.
3. Report tax-exempt status: In Section 2, you will need to indicate the foundation's tax-exempt status. This typically involves checking a box to confirm that the foundation is classified as a private foundation.
4. Provide a brief description of the foundation's activities: Section 3 requires a brief description of the activities carried out by the foundation. This gives the IRS an overview of the foundation's purpose and how it operates.
5. Report contributions and grants: In Section 4, you will need to report the contributions and grants made by the foundation during the tax year. This includes details such as the recipient's name, EIN, and the purpose of the grant.

Who needs Form 990-PF 1-4:

1. Private Foundations: Form 990-PF 1-4 is specifically designed for private foundations. Private foundations are nonprofit organizations created by individuals, families, or corporations to distribute funds for charitable purposes.
2. Organizations with tax-exempt status: The form is required for private foundations that have been granted tax-exempt status by the IRS. This status allows the foundation to receive tax-deductible donations and enjoy certain tax benefits.
3. Foundations with gross receipts and assets: If the private foundation has more than $50,000 in gross receipts or assets at any point during the tax year, it is required to file Form 990-PF 1-4. This form provides the IRS with information about the foundation's finances and activities.

Note: It is always recommended to consult with a tax professional or refer to the official IRS instructions for Form 990-PF 1-4 to ensure accurate and compliant completion of the form.

For pdfFiller’s FAQs

What is form 990-pf 1 4?

Form 990-PF is a tax form filed by private foundations (including exempt operating foundations) to provide information on their activities, finances, and grants made during the tax year.

Who is required to file form 990-pf 1 4?

Private foundations and some exempt operating foundations are required to file Form 990-PF if their annual gross receipts are equal to or exceed $50,000.

How to fill out form 990-pf 1 4?

Form 990-PF consists of various sections and schedules that need to be completed. It requires information such as the foundation's financial details, grants made, organizational activities, and compensation of officers. Detailed instructions are provided by the IRS for filling out the form.

What is the purpose of form 990-pf 1 4?

The purpose of Form 990-PF is to provide transparency and accountability for private foundations. It allows the IRS and the public to evaluate the foundation's activities, finances, and compliance with tax laws.

What information must be reported on form 990-pf 1 4?

Form 990-PF requires information such as the foundation's identity, address, mission statement, financial statements, grants and assistance provided, compensation of officers, and other relevant details about the foundation's activities.

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