What is Form 990-PF Schedule B?

Form 990-PF Schedule B is used to report the information on contributions that the private foundations reported on Form 990-PF,
Part I, line 1.

Types of Organizations file Form 990-PF

  • 501(c)(3) exempt private foundations,
  • 4947(a)(1) nonexempt charitable trusts treated as a private foundation
  • 501(c)(3) taxable private foundations.
Learn more about 990-PF Schedule B.

Who Must File Form 990-PF Schedule B?

  • Every private foundation must attach Schedule B if a person contributes more than the greater of $5000 or 2% of $700,000 ($14,000) during the tax year.
  • Schedule B is not necessary to attach by the organizations, who checked the box on Form 990-PF Part I, Analysis of Revenue and Expenses, line 2

To know more about Schedule B on Form 990-PF, please visit https://www.expresstaxexempt.com/form-990-pf/form-990-pf-schedule-b/

Accounting Methods of Schedule B

  • Cash, Accrual, or Other are the 3 types of accounting
    methods used.

Note: The organization must use the same accounting method it checked on Form 990-PF, line J when completing the schedule B

Who Must File Form 990-PF Schedule B

What Information is Required to Report
on Schedule B?

You need to report the below information on Form 990-PF Schedule B:

  • Name, address, ZIP Code.
  • Total contributions made in the current
    tax year.
  • Type of contribution.
  • If the type of contribution is non-cash, report additional information such as the description of non-cash, fair market
    value, etc.
  • Purpose of the gift’s received.
Information Required to Report on Schedule B
Learn More E-File 990-PF Now

How to attach Schedule B to your 990-PF?

Form 990-PF, along with Schedule B, can be filed electronically.
Click here to know more about the Form 990-PF Filing instructions

Electronic Filing (E-filing)

The electronic filing of Form 990-PF, along with Schedule B, is quick and easy. It takes less time to process the return, and you get the status of your filing instantly.

By choosing an IRS authorized provider such as Tax 990, your return will be transmitted to the IRS securely. Tax 990 auto-generates your Schedule B for FREE.

Note: If you are filing Form 990-PF for a tax year beginning on or after July 2, 2019, you must file the return electronically.

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Why Should I Choose 990pfscheduleb.com to E-file Form 990-PF along with Schedule B?

990pfscheduleb.com provides step-by-step instructions to file Form 990-PF. You can use the bulk upload option to import data such as revenue, expenses, contribution, etc. You can invite or request board members to review or sign your Form 990-PF before submitting the return to the IRS.

  • Step 1. Create your FREE account
  • Step 2. Enter Basic Organization Details
  • Step 3. Answer interview-style questions
  • Step 4. Review your Form
  • Step 5. Follow Interview-Style Process
  • Step 6. Transmit to the IRS

    • Our Software will generate 990-PF Schedule B automatically based on the information
    you provided.

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