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1994 EO CPE Text K. COMMUNITY FOUNDATIONS by George Johnson and David Jones 1. Introduction There are over 400 community foundations in the United States. Many cities have one or more. In 1991, the
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K Community Foundations 1 is a form used by community foundations to report their financial information to the IRS.
Community foundations that meet certain criteria set by the IRS are required to file K Community Foundations 1.
The purpose of K Community Foundations 1 is to provide transparency and accountability regarding the financial activities of community foundations.
Information such as income, expenses, grants, investments, and other financial activities must be reported on K Community Foundations 1.
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