The information return that all private foundations are required by law to submit annually to the IRS. The form discloses, among other things, information on the foundation's assets, income, excise tax computations, names and compensation of officers, trustees or directors, and a list of grant recipients. The IRS uses this form to assess compliance with the Internal Revenue Code. Form 990-PF is available to the public from both the IRS and the filing organization.
IRS forms filed annually by public charities and private foundations, respectively. (The letters PF stand for 'private foundation.') The IRS uses these forms to assess compliance with the Internal Revenue Code. Both forms list organization assets, receipts, expenditures and compensation of officers. Both include a list of grants made during the year, which is available to the public. Private foundations are required to disclose their donors and the amounts they contribute each year. Public foundations do not disclose this information.
The public record information return that all private foundations are required by law to submit annually to the Internal Revenue Service.