All private foundations file Form 990-PF annually, no matter no matter if they have any assets or annual receipts. These private organizations include things like the following:
- Exempt private foundations
- Taxable private foundations
- Organizations whose applications for exempt status are pending on the due date for filing the Form 990-PF
- Organizations which might be certified for standard investigation
- Organizations which might be terminating their private foundation status
- Specific nonexempt charitable trusts which might be treated as private foundations
As with Types 990 and 990-EZ, some states will accept a copy of Form 990-PF and its expected attachments as an alternative of all or element of their very own economic report types. The discussion inside the later section “Satisfying the States with Form 990” applies equally to Form 990-PF.
