General Session Onsite and Online
PFS2310. Direct Charitable Expenditures
This session will explore: - direct charitable expenditures by all types of private foundations. - how operating foundations and non-operating foundations each report direct charitable activities on their financial statements and Form 990-PF. - what are the U.S. GAAP (functional expense reporting) and tax (ANI and POF Tests) required for each type of organization and why they matter - Solicitation of public funds for direct charitable activities
Learning Objectives:
- Identify constitutes a direct charitable expenditure for operating and non-operating foundations
- Distinguish how operating and non-operating foundations report direct charitable expenditures on the Form 990-PF
Date/Time
–
CPE Credits
1.5
NASBA Field of Study
Taxes
Level
Basic
Prerequisites
1 - 2 Years in the Profession
Advanced Preparation
None