1999 Department of the Treasury Internal Revenue Service Instructions for Form 990-PF Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation Section references are to the Internal Revenue Code unless otherwise noted. Contents Page A Change To Note The Tax and Trade Relief Extension Act of 1998 changed the public inspection rules. Once these rules take effect, they will eliminate the newspaper notice requirement and change the time period and manner in which an annual return or exemption application is made available for public inspection.   See General Instruction Q for more information. Contents Page Photographs of Missing Children The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Photographs of missing children selected by the Center may appear in instructions on pages that would otherwise be blank. You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Phone Help If you have questions and/or need help completing this form, please call 1-877-829-5500. This toll-free telephone service is available Monday through Friday from 8:00 a.m. to 9:30 p.m. Eastern time. How To Get Forms and Publications Personal Computer You can access the IRS's Internet Web Site 24 hours a day, 7 days a week at www.irs.gov to: l  Download forms, instructions, and publications. l  See answers to frequently asked tax questions. l  Search publications on-line by topic or keyword. l  Send us comments or request help via e-mail. l  Sign up to receive local and national tax news by e-mail. You can also reach us using file transfer protocol at ftp.irs.gov. CD-ROM Order Pub. 1796, Federal Tax Products on CD-ROM, and get: l  Current year forms, instructions, and publications. l  Prior year forms, instructions, and publications. l  Popular tax forms that may be filled in electronically, printed out for submission, and saved for recordkeeping. Part V—Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income .     .     .     .     .     .     .     . 16 General Instructions A. Who Must File .     .     .     .     .     .     .     .     .     . 2 B. Which Parts To Complete .     .     .     . 2 Part VI—Excise Tax Based on Investment Income .     .     .     .     .     .     .     . 16 C. Definitions .     .     .     .     .     .     .     .     .     .     .     . 2 D. Other Forms You May Need To File   3 Part VII-A—Statements Regarding Activities .     .     .     .     .     .     .     .     .     .     .     .     . 17 E. Useful Publications .     .     .     .     .     .     .     . 4 Part VII-B—Activities for Which Form 4720 May Be Required .     .     .     .     .     . 18 F. Use of Form 990-PF To Satisfy State Reporting Requirements .     . 4 Part VIII—Information About Officers, Directors, Trustees, etc. .     .     .     .     . 19 G. Furnishing Copies of Form 990-PF to State Officials .     .     .     .     .     .     .     .     . 4 Part IX-A—Summary of Direct Charitable Activities    .     .     .     .     .     .     .     .   19 H. Accounting Period .     .     .     .     .     .     .     . 4 I. Accounting Methods .     .     .     .     .     .     . 4 Part IX-B—Summary of Program-Related Investments .     . 20 J. When and Where To File .     .     .     . 4 K. Extension of Time To File .     .     .     . 5 Part X—Minimum Investment Return 20 L. Amended Return .     .     .     .     .     .     .     .     . 5 Part XI—Distributable Amount .     .     . 21 M. Penalty for Failure To File Timely, Completely, or Correctly . 5 Part XII—Qualifying Distributions .     . 22 Part XIII—Undistributed Income .     . 22 N. Penalties for Not Paying Tax on Time .     .     .     .     .     .     .     .     .     .     .     .     . 5 Part XIV—Private Operating Foundations   .     .     .     .     .     .     .     .     .     .     .     .   24 O. Figuring and Paying Estimated Tax    5 Part XV—Supplementary Information 24 P. Tax Payment Methods for Domestic Private Foundations .     .     .     .     .     .     . 5 Part XVI-A—Analysis of Income-Producing Activities   .     .     .     .   24 Q. Public Inspection Requirements . 6 Part XVI-B—Relationship of Activities to the Accomplishment of Exempt Purposes .     .     .     .     .     .     .     .     .     .     .     .     . 25 R. Disclosures Regarding Certain Information and Services Furnished   7 S. Organizations Organized or Created in a Foreign Country or U.S. Possession .     .     .     .     .     .     .     .     . 7 Part XVII—Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations .     .     .     .     .     . 25 T. Liquidation, Dissolution, Termination, or Substantial Contraction .     .     .     . 8 Part XVIII—Public Inspection .     .     .     . 26 U. Filing Requirements During Section 507(b)(1)(B) Termination 8 Signature .     .     .     .     .     .     .     .     .     .     .     .     .     . 26 Paperwork Reduction Act Notice .     . 26 V. Special Rules for Section 507(b)(1)(B) Terminations .     .     .     . 8 Exclusion Codes .     .     .     .     .     .     .     .     .     . 27 Index .     .     .     .     .     .     .     .     .     .     .     .     .     .     .     . 28 W. Rounding, Currency, and Attachments    .     .     .     .     .     .     .     .     .     .     . 8 Specific Instructions Completing the Heading .     .     .     .     .     . 9 Part I—Analysis of Revenue and Expenses     .     .     .     .     .     .     .     .     .     .     .     .     . 9 Part II—Balance Sheets .     .     .     .     .     . 14 Part III—Analysis of Changes in Net Assets or Fund Balances .     .     .     .     . 16 Part IV—Capital Gains and Losses for Tax on Investment Income .     .     .     . 16 Cat. No. 11290Y