Audits, Accounting, and Completing the 990-PF Form

What questions should we ask our auditors? What are our fiduciary responsibilities as family foundation board members? What common mistakes do foundations make when completing the 990-PF? This Content Collection provides comprehensive but concise answers to these questions and many more.

Please see the NCFP Content Collection on Expenditure Responsibility for additional information and resources.

Compliance Checklists

Checklist of Fiduciary Responsibilities

Sample

Check this: A compliance checklist for private foundations

Tool

Audits and Accounting

What Questions Should We Ask Our Auditors?

Article

Audit Committee Charter (The Wallace Foundation)

Sample

Have We Properly Verified the Tax-Exempt Status of Our Grantees?

Article

How long should a foundation keep grantee reports?

Ask the Center

Completing and Managing 990-PFs

10 General Guidelines for Greater Foundation Transparency

Article

The 990-PF in a Nutshell: What You Need to Know

Article

What You Should Know Before Signing Your Organization’s Form 990-PF

Article

10 common errors to avoid in completing a private foundation’s form 990-PF

Report

Making your form 990-PF public and available

Tool

What are the disclosure requirements from the IRS regarding Form 990-PF?

Ask the Center