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This document serves as the annual return for private foundations as required by the IRS, detailing financial activities, income, distributions, and other relevant information for The Colorado Trust for the tax year ending December 31, 2023.
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How to fill out 990-pf

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How to fill out 990-pf

01
Gather your organization's financial statements and records.
02
Download the IRS Form 990-PF from the IRS website.
03
Complete the identification section, including the name and address of the foundation.
04
Fill out Part I with the foundation's financial data for the year.
05
Complete Part II, which includes the list of charitable distributions made during the year.
06
Fill out Part III to report the foundation's current assets, liabilities, and net assets.
07
Complete Part IV, which summarizes the foundation's governing documents.
08
Review Part V to provide information about the foundation's operations and governance.
09
Ensure that all sections are completed accurately and thoroughly.
10
Sign and date the form before submitting it to the IRS by the due date.

Who needs 990-pf?

01
Private foundations in the United States are required to file Form 990-PF annually.
02
Foundations that have been granted tax-exempt status under section 501(c)(3) of the Internal Revenue Code.
03
Entities that are subject to specific reporting requirements regarding their charitable activities and financial holdings.
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Form 990-PF is a tax form used by private foundations to report their financial activities, including income, expenses, and investments.
Private foundations that are recognized as tax-exempt organizations under section 501(c)(3) of the Internal Revenue Code are required to file Form 990-PF.
To fill out Form 990-PF, organizations must gather their financial statements, including balance sheets and income statements, and provide detailed information about their income, grants, and expenses as outlined in the form instructions.
The purpose of Form 990-PF is to provide the IRS and the public with information about a private foundation's financial practices, philanthropic activities, and compliance with tax laws.
Form 990-PF requires reporting on the foundation's revenue, expenses, assets, liabilities, grants made, and information on the foundation's governing body and officers.
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