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