Get the free Return of Private Foundation 990-PF 2016 - The Victory Fund

FormReturn of Private Foundation990PFOMB No. 15450052or Section 4947(a)(1) Trust Treated as Private Foundation Do not enter social security numbers on this form as it may be made public. Go to www.irs.gov/Form990PF

How to fill out return of private foundation

How to fill out return of private foundation

1. To fill out the return of a private foundation, follow these steps:
2. Gather all the necessary information and documents, such as the foundation's financial records, grants and contributions, and other relevant details.
3. Use the appropriate form for filing the return. The form required depends on the foundation's financial status and activities. Commonly used forms include Form 990-PF and Form 990-T.
4. Provide accurate and complete information on the form, including the foundation's name, address, EIN (Employer Identification Number), and details of its activities.
5. Report the foundation's income and expenses accurately, including any investment income, grants paid, administrative expenses, and other relevant financial data.
6. Include information on any disqualified persons or excess business holdings, as required by the IRS (Internal Revenue Service).
7. Attach any supporting documents or schedules as necessary, such as a list of grants made during the tax year.
8. Ensure that the return is signed and dated by an authorized individual within the foundation.
9. Submit the completed return to the IRS by the designated deadline, usually on or before the 15th day of the fifth month after the close of the foundation's tax year.
10. Keep a copy of the completed return and supporting documents for your records.
11. Review the IRS instructions or seek professional assistance if needed to ensure accurate and compliant filing.

Who needs return of private foundation?

1. The return of a private foundation is required by organizations that meet the criteria of being a private foundation as per the regulations outlined by the IRS.
2. Private foundations are generally established for charitable, educational, religious, scientific, literary, or other similar purposes and are funded through donations or endowments.
3. Therefore, private foundations that operate for such purposes and receive income or engage in financial activities are required to file the return annually.
4. Filing the return allows the IRS to assess the foundation's financial operations, verify compliance with tax laws, and ensure that the foundation continues to meet the eligibility criteria for maintaining its tax-exempt status.
5. It is important for private foundations to fulfill their filing obligations to remain in good standing with the IRS and avoid penalties or loss of tax-exempt status.
6. Individuals or organizations involved with private foundations, such as foundation managers, board members, accountants, and legal advisors, may also need the return to understand the foundation's financial status and fulfill their respective responsibilities.

For pdfFiller’s FAQs

How can I edit return of private foundation from Google Drive?

By integrating pdfFiller with Google Docs, you can streamline your document workflows and produce fillable forms that can be stored directly in Google Drive. Using the connection, you will be able to create, change, and eSign documents, including return of private foundation, all without having to leave Google Drive. Add pdfFiller's features to Google Drive and you'll be able to handle your documents more effectively from any device with an internet connection.

How can I send return of private foundation for eSignature?

When you're ready to share your return of private foundation, you can swiftly email it to others and receive the eSigned document back. You may send your PDF through email, fax, text message, or USPS mail, or you can notarize it online. All of this may be done without ever leaving your account.

Can I edit return of private foundation on an Android device?

Yes, you can. With the pdfFiller mobile app for Android, you can edit, sign, and share return of private foundation on your mobile device from any location; only an internet connection is needed. Get the app and start to streamline your document workflow from anywhere.

What is return of private foundation?

The return of private foundation is a form that must be filed by certain tax-exempt organizations to provide information about their finances and activities.

Who is required to file return of private foundation?

Private foundations are required to file return of private foundation with the IRS.

How to fill out return of private foundation?

The return of private foundation can be filled out online using the IRS Form 990-PF.

What is the purpose of return of private foundation?

The purpose of return of private foundation is to provide transparency and accountability for private foundations regarding their finances and activities.

What information must be reported on return of private foundation?

Information such as financial statements, grants given, investments, and compensation of key employees must be reported on the return of private foundation.