With all the hoopla about Donald Trump’s Foundation not really being a legal foundation and not releasing his taxes, we though people may be interested in actually seeing what each of the presidential contenders have given through their foundations. Many people don’t really know how to go about finding this information, so we thought we would make it easy and put them all in one place for you. Below you will find each foundations 990 reporting forms for the years 2010 – 2014.
Though the forms can be a little long, there are a few things to pay attention to or watch for. Pay attention to their net distributions, (usually in the first 10 pages or so) this is the amount they paid out for the year. Who and what they pay to take care of their foundations is listed. But the best part of the form is the list of recipients of funds (found usually half way through the form or toward the bottom) – this is who they gave the money to and how much they gave to each.
The Trump Foundation generally has $1,000,000 available for distribution yearly, while the Clinton Foundation generally has $500,000,000 or more.
By checking out what they gave and to whom, really will help you decide who you think gives the most generously and to the best causes. If you still are not sure who you are going to vote for, this just might help a little bit. All forms are below in PDF format.
Here is a little help with a few questions about what non-profits and 990 forms are.
According to IRS disclosure regulations, exempt organizations must make its three most recently filed annual Form 990 or 990-PF returns (or “990s”) and all related supporting documents available for public inspection.
What are nonprofit organizations?
Formal organizations in the United States are typically thought about in three broad categories:
- Business and industry, or “for-profit” organizations
- Government, including state, local, and federal agencies that provide services and regulation
- Nonprofit organizations, that qualify for tax-exempt status under the Internal Revenue Code because they are organized for the specific purposes stated in the Code.
Although there are legal distinctions among nonprofit organizations and different reporting requirements, all are exempt from paying federal income taxes. About half of nonprofits – called charitable organizations – are exempt under Section 501(c)(3). This status permits donations to charity or charities to be tax-deductible to the donor.
Are all nonprofit organizations public charities?
No. Public charities represent a substantial portion of the nonprofit sector, but not all nonprofit organizations are public charities.
Public charities receive their tax-exemption under subsection (3) of Section 501(c). This privileged status allows donors to make tax-deductible contributions to the organization. The IRS defines these organizations as “charitable” because they serve broad public purposes in educational, religious, scientific, and artistic fields, among others, as well as the relief of poverty and other public benefit activities.
How many nonprofit organizations are there in the United States?
In 2012, there were more than 1.4 million exempt organizations that had formally obtained recognition of their tax-exempt status from the IRS.
In addition, there are many other organizations that are not required to register with the IRS. These organizations fall primarily into two categories:
- Organizations with less than $5,000 in gross receipts. This category includes many (but not all) neighborhood associations, PTAs, and community theater companies. While not required to register, a significant percentage of these organizations do so nonetheless. The total number of these small organizations is unknown; scholars offer widely varying estimates.
- Religious congregations. Approximately half of the more than 275,000 congregations voluntarily register with the IRS, though they are not required to do so.
Here are the foundations charitable contribution forms in PDF
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