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Department of the Treasury
Internal Revenue Service
2022

Instructions for Schedule D

(Form 990)

Supplemental Financial Statements

Section references are to the Internal Revenue Code unless advised fund or account because of the donor's status as
otherwise noted. a donor.
Note. Donor advised funds aren't limited to funds or
Future Developments accounts that meet the definition of “funds” under generally
For the latest information about developments related to accepted accounting principles.
Schedule D (Form 990) and its instructions, such as Exceptions. A donor advised fund doesn't include any
legislation enacted after they were published, go to IRS.gov/ fund or account:
Form990. 1. That makes distributions only to a single identified
organization or governmental entity; or
General Instructions
2. In which a donor or donor advisor gives advice about
Note. Terms in bold are defined in the Glossary of the which individuals receive grants for travel, study, or other
Instructions for Form 990, Return of Organization Exempt similar purposes, if:
From Income Tax.
a. The donors or donor advisor's advisory privileges are
Purpose of Schedule performed exclusively by such person in his or her capacity
Schedule D (Form 990) is used by an organization that files as a member of a committee in which all of the committee
Form 990 to provide the required reporting for donor members are appointed by the sponsoring organization;
advised funds conservation easements, , certain art and b. No combination of donors or donor advisors (and
museum collections, escrow or custodial accounts or related persons, defined next) directly or indirectly control the
arrangements, endowment funds, and supplemental committee; and
financial information. c. All grants from the fund or account are awarded on an
objective and nondiscriminatory basis following a procedure
Who Must File approved in advance by the board of directors of the
An organization that answered “Yes” to any of lines 6 through sponsoring organization. The procedure must be designed to
12a on Form 990, Part IV, Checklist of Required Schedules, ensure that all grants meet the requirements of section
must complete the appropriate part(s) of Schedule D (Form 4945(g)(1), (2), or (3); or
990) and attach the schedule to Form 990. An organization 3. That the Secretary exempts from being treated as a
that answered “Yes” on Form 990, Part IV, line 12b, can donor advised fund because either such fund or account is
complete Parts XI and XII of Schedule D (Form 990), but isn't advised by a committee not directly or indirectly controlled by
required to do so. the donor or donor advisor or because such fund benefits a
If an organization isn't required to file Form 990 but single identified charitable purpose.
chooses to do so, it must file a complete return and provide See Notice 2006-109, 2006-51 I.R.B. 1121, available at
all of the information requested, including the required IRS.gov/irb/2006-51_IRB/ar11.html, modified by Rev. Proc.
schedules. 2009-32, 2009-28 I.R.B. 142, modified by Notice 2014-4,
2014-2 I.R.B. 274.
Specific Instructions A person related to a donor or donor advisor includes any
family member (as defined in section 4958(f)(4)) of the donor
Part I. Organizations Maintaining or donor advisor and any 35% controlled entity (as defined
in section 4958(f)(3)) of the donor, donor advisor, or their
Donor Advised Funds or Other family members.
Similar Funds or Accounts Column (a). Complete for all donor advised funds held at
Complete Part I if the organization answered “Yes” on Form any time during the tax year by the organization as a
990, Part IV, line 6. sponsoring organization.
Generally, a donor advised fund is a fund or account: Column (b). Complete for each similar fund or account held
1. That is separately identified by reference to by the organization at any time during the tax year over which
contributions of a donor or donors, a donor, or person appointed by the donor, had advisory
2. That is owned and controlled by a sponsoring privileges for distribution or investment of amounts held in
organization, and such fund or account, but which isn't a donor advised fund.
3. For which the donor or donor advisor has or Examples of other similar funds or accounts include the
reasonably expects to have advisory privileges in the funds or accounts listed in Exceptions above, as well as
distribution or investment of amounts held in the donor funds otherwise prescribed by statute as excepted from the
meaning of a donor advised fund.

Jun 16, 2022 Cat. No. 51527M

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Line 1. Report in column (a) the total number of donor qualified organization, the easement must be granted in
advised funds and in column (b) the total number of other perpetuity. For purposes of maintaining its tax exemption, the
similar funds or accounts held by the organization at the end recipient tax-exempt organization must generally protect the
of the year. conservation easements it holds in perpetuity.
Enter the total number of conservation easements held by
Line 2. Report in column (a) the aggregate value of
the organization that were modified, transferred, released,
contributions during the year to all donor advised funds
extinguished, or terminated, in whole or in part, during the
and in column (b) the aggregate value of contributions during
tax year. For example, if two easements were modified and
the year to all other similar funds or accounts held by the
one easement was terminated during the tax year, enter the
organization.
number 3.
Line 3. Report in column (a) the aggregate value of grants For each easement modified, transferred, released,
made during the year from all donor advised funds and in extinguished, or terminated, in whole or in part, explain the
column (b) the aggregate value of grants made during the changes in Part XIII. Tax exemption may be undermined by
year from all other similar funds or accounts held by the the modification, transfer, release, extinguishment, or
organization. Report both grants outside the organization and termination of an easement.
transfers within the organization.
For purposes of this Schedule D reporting requirement, an
Line 4. Report in column (a) the aggregate value at the end easement is modified when its terms are amended or altered
of the year of all donor advised funds and in column (b) the in any manner. For example, if the deed of easement is
aggregate value at the end of the year of all other similar amended to increase the amount of land subject to the
funds or accounts held by the organization. easement or to add, alter, or remove restrictions regarding
the use of the property subject to the easement, the
Part II. Conservation Easements easement is modified. An easement is transferred if, for
Complete Part II if the organization answered “Yes” on Form example, the organization assigns, sells, releases,
990, Part IV, line 7. quitclaims, or otherwise disposes of the easement whether
with or without consideration. An easement is released,
In addition to reporting on conservation easements, also extinguished, or terminated when it is condemned,
report in Part II other interests in real property that under extinguished by court order, transferred to the land owner, or
state law have attributes similar to a conservation easement in any way rendered void and unenforceable, in each case
and are established for the purpose of conservation and whether in whole or in part. An easement is also released,
preservation (for example, certain restrictive covenants and extinguished, or terminated when all or part of the property
equitable servitudes). Don't report utility easements. subject to the easement is removed from the protection of the
Line 1. Check the box for the purpose or purposes for which easement in exchange for the protection of some other
the organization held the easement(s) during the tax year. property or cash to be used to protect some other property.
Check all that apply. The categories described in the preceding paragraph are
Line 2. Provide an answer for each item. provided for convenience purposes only and aren't to be
considered legally binding or mutually exclusive. For
Line 2a. Enter the total number of conservation
example, a modification may also involve a transfer and an
easements held by the organization at the end of the tax
extinguishment, depending on the circumstances. Use of a
year. This shouldn't be an estimate or a rounded number.
synonym for any of these terms doesn't avoid the application
Line 2b. Enter the total acreage restricted by of the reporting requirement. For example, calling an action a
conservation easements held by the organization at the “swap” or a “boundary line adjustment” doesn't mean the
end of the tax year. Compute the total acreage by adding action isn't also a modification, transfer, or extinguishment.
together all the acres of land subject to all the easements
held as of the end of the tax year. Don't include conservation Line 4. Enter the total number of states where property is
easements on certified historic structures. Acreage can be located and subject to a conservation easement held by
expressed in decimal points for properties subject to the organization during the tax year.
easements where the acreage consists of less than whole Line 5. A qualified organization must have a commitment to
numbers. For example, two and one-half acres can be protect the conservation purposes of the easement, and
expressed as 2.5 acres. have the resources to enforce the restrictions. Report
Line 2c. Enter the number of conservation easements whether the organization has a written policy or policies
on certified historic structures held by the organization at about how the organization will monitor, inspect, and handle
the end of the tax year. violations, and how it will enforce conservation easements.
A certified historic structure is any building or structure If “Yes,” briefly summarize such policy or policies in Part XIII.
listed in the National Register of Historic Places as well as Also, indicate whether such policy or policies are reflected in
any building certified as being of historic significance to a the organization's easement documents. Monitoring means
registered historic district. See section the organization investigates the use or condition of the real
170(h)(4)(B) for special rules that apply to contributions of property restricted by the easement to determine if the
conservation easements on certified historic structures in property owner is adhering to the restrictions imposed by the
registered historic districts. terms of the easement to ensure the conservation purpose of
Line 2d. Enter the number of conservation easements the easement is being achieved. Inspection means an onsite
included in the answer to line 2c that the organization visit to observe the property to carry out a monitoring
acquired after July 25, 2006, and not on a historic structure purpose. Enforcement of an easement means action taken
listed in the National Register. by the organization after it discovers a violation to compel a
property owner to adhere to the terms of the conservation
Line 3. To be eligible for a federal charitable income tax easement. Such activities can include communications with
deduction for the donation of a conservation easement to a

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the property owner explaining his or her obligations with For lines 1 and 2, refer to FASB ASC 958 for meanings of
respect to the easement, arbitration, or litigation. the various terms.
Line 6. Enter the total number of hours devoted during the Lines 1 and 2. Pursuant to FASB ASC 958, certain
tax year to monitoring, inspecting, handling violations, and organizations can choose one of two methods to report
enforcing conservation easements, as those terms are collections of works of art historical treasures, , or other
defined in the instructions for line 5 above. Include the hours similar assets held for public exhibition, education, or
devoted to this purpose by any of the organization's paid or research in furtherance of public service. An organization that
unpaid staff and by any of the organization's agents or doesn't recognize and capitalize its collections for financial
independent contractors. statement purposes will report its collections on the face of its
statement of activities, separately from revenues, expenses,
Line 7. Enter the total amount of expenses incurred by the
gains, losses, and assets. An organization that recognizes
organization during the tax year to monitor, inspect, handle
and capitalizes its collections for financial statement
violations, and enforce the conservation easements it held
purposes will report its collections as assets and revenues
during the year as those terms are defined in the instructions
based upon its fair value measurement. Line 1 pertains to
for line 5.
collection items held by the organization in furtherance of
Line 8. Answer “Yes” if each of the organization's façade public service, and line 2 pertains to collection items held by
easements acquired after July 25, 2006, satisfies the the organization for financial gain, as those terms are
requirements of sections described in FASB ASC 958.
170(h)(4)(B)(i) and 170(h)(4)(B)(ii). Line 1a. If an organization has elected not to capitalize its
Section 170(h)(4)(B)(i) requires each façade easement collections, then provide in Part XIII the footnote(s) to the
donated after August 17, 2006, to include a restriction that organization's financial statements that describes these
preserves the entire exterior of the building, including the collection items.
front, sides, rear, and height of the building, and to prohibit Line 1b. If an organization has elected to capitalize its
any change in the exterior of the building that is inconsistent collections, provide on line 1b(i) the revenue relating to its
with the historical character of such exterior. collection items that is reported on Form 990, Part VIII, line 1.
Section 170(h)(4)(B)(ii) requires the donor and donee to Also, provide on line 1b(ii) the value of the organization's
enter into a written agreement certifying, among other things, collection items reported as total assets on Form 990.
that the donee organization has the resources to manage Line 2. If an organization has received or held collections for
and enforce the restriction and a commitment to do so. financial gain, provide on line 2a the revenue reported as to
Line 9. Enter in Part XIII a description of how the these collection items from the total revenue included on
organization reports conservation easements in its Form 990, Part VIII, line 1. Also, provide on line 2b the asset
revenue and expense statement and on its balance sheet. value assigned to these collection items, which value should
Include in Part XIII, if applicable, the text of the footnote to the also be reported as part of the organization's total assets
organization's financial statements that describes the reported on Form 990, Part X.
organization's accounting for conservation easements and Line 3. Based upon the organization's acquisition,
the basis for its reporting position (for example, Financial accession, and other records, check all boxes that best
Accounting Standards Board (FASB) Emerging Issues Task describe how the organization utilizes its collections,
Force (EITF) 02-7, Example 1 (now codified in Accounting including the collection's most significant use.
Standards Codification (ASC) 350-30-55-29 to 55-32)).
Line 4. In Part XIII, provide a description of the
The organization must report any qualified organization's collections and explain how these collections
! conservation contributions and contributions of further the organization's exempt purposes.
CAUTION conservation easements in Form 990, Part VIII,
Statement of Revenue; Schedule A (Form 990 or 990-EZ), Line 5. Answer “Yes” to line 5 if during the year the
Public Charity Status and Public Support; Schedule B (Form organization solicited or received donations of art historical ,
990, 990-EZ, or 990-PF), Schedule of Contributors; and treasures, or other similar assets to be sold in order to raise
Schedule M (Form 990), Noncash Contributions, consistently funds rather than to be maintained as part of the
with how it reports revenue from such contributions in its organization's collection.
books, records, and financial statements.
Part IV. Escrow and Custodial
Part III. Organizations Maintaining Arrangements
Complete Part IV if the organization answered “Yes” on Form
Collections of Art, Historical 990, Part IV, line 9, or reported an amount on Form 990, Part
Treasures, or Other Similar Assets X, line 21.
Complete Part III if the organization answered “Yes” on Form Lines 1a through 1f. If the organization acts as an agent,
990, Part IV, line 8. trustee, custodian, or other intermediary for funds payable to
other organizations or individuals and hasn't reported those
Organizations that receive contributions of works of art,
amounts on Form 990, Part X, as an asset or liability, check
historical treasures, and similar assets that don't maintain
“Yes” and provide an explanation of the arrangement in Part
collections as described in the Financial Accounting
XIII.
Standards Board Accounting Standards Codification 958
(FASB ASC 958) (including what was formerly SFAS 116) Organizations that maintain escrow or custodial
aren't required to complete Part III, but may be required to accounts not reported on Form 990, Part X, must record
complete Schedule M. increases or decreases in such accounts by completing lines
1c through 1f.

2022 Instructions for Schedule D (Form 990) -3-

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Example 1. A credit counseling organization that collects realized and unrealized amounts. For earnings reported net
amounts from debtors to remit to creditors holds funds in an of transaction costs, enter the net amount on line 1c. For
escrow or custodial account. If the organization acts as a earnings reported on a gross basis, enter the transaction
go-between and doesn't report these funds as its assets or costs on line 1f.
liabilities on Form 990, Part X, it must report the fund Line 1d. Enter the current year and prior year amounts
balances on lines 1c through 1f. distributed for grants or scholarships.
Example 2. An organization providing down-payment Because scholarships represent direct aid to
assistance that collects amounts from donors to be used TIP individuals, they are distinguished from general
toward the purchase of qualifying housing holds funds in an programmatic aid referenced in line 1e.
escrow or custodial account. If the organization acts as a
go-between and doesn't report these funds as its assets or Line 1e. Enter the current year and prior year amounts
liabilities on Form 990, Part X, it must report the fund distributed for facilities and programs. Amounts on this line
balances on lines 1c through 1f. should include withdrawn amounts, and amounts disinvested
from an organization's quasi-endowments to reduce or
Line 2. If the organization answered “Yes” to line 2a, explain eliminate capital investment.
in Part XIII the arrangements under which the amounts Line 1f. Enter the current year and prior year
reported on Form 990, Part X, line 21, are held, including any administrative expenses charged to the endowment funds.
obligations the organization has to other persons under such These expenses can arise from either internal or third-party
arrangements. sources.
Explain in Part XIII any credit counseling, debt Line 1g. Enter the year-end balances of the organization's
management, credit repair, or debt negotiation services the endowment funds for the current year and prior year. To
organization provided. determine the year-end balances, add lines 1a, 1b, and
investment earnings on line 1c, and subtract line 1c
Part V. Endowment Funds investment losses and the amounts on lines 1d through 1f.
Complete Part V if the organization answered “Yes” on Form
990, Part IV, line 10. For Part V, the definitions of endowment Line 2. On lines 2a through 2c, enter the estimated
and types of endowments are governed by FASB ASC 958. percentage of the organization's total endowment funds at
Information reported in Part V should pertain to the aggregate the current year end (as reported in line 1g, column (a)) held
of the donor-restricted assets held by the organization, in (a) board designated or quasi-endowment funds, (b)
organizations formed and maintained exclusively to further permanent endowment funds, or (c) term endowment funds.
one or more exempt purposes of the organization, and The total of these three percentages should equal 100%. If
organizations that hold endowment funds for the benefit of the organization follows FASB ASC 958, amounts should be
the organization. reported on lines 2a, 2b, and 2c consistent with the
organization’s footnote disclosure under FASB ASC 958.
Term endowment includes endowment funds
established by donor-restricted gifts that are maintained to Line 3. Report information on endowment funds not in
provide a source of income for either a specified period of possession of the organization.
time or until a specific event occurs. These funds should be Line 3a(i). Check “Yes” if any of the organization's
reported as “temporarily restricted endowment” for purposes endowment funds are in the possession of and administered
of completing line 2c. by unrelated organizations.
Line 3a(ii). Check “Yes” if any of the organization's
Permanent endowments are endowment funds that are endowment funds are in the possession of and administered
established by donor-restricted gifts and are maintained to by related organizations.
provide a permanent source of income, with the stipulation Line 3b. All related organizations are required to be
that principal must be invested and kept intact in perpetuity, reported on Schedule R (Form 990), Related Organizations
while only the income generated can be used by the and Unrelated Partnerships. Check “Yes” on line 3b if the
organization. organization answered “Yes” to line 3a(ii) and the
Board-designated endowments or organization listed all related organizations referred to on
quasi-endowments result from an internal designation and line 3a(ii) on Schedule R.
are generally not donor-restricted and are classified as net Line 4. Describe in Part XIII the intended uses of the
assets without donor restrictions. The governing board has organization's endowment funds.
the right to decide at any time to expend such funds.
Line 1a. Enter the beginning-of-year balances of the Part VI. Land, Buildings, and
organization's endowment funds for the current year and
prior year. The amounts entered should agree with the Equipment
organization's total permanent endowment, term Complete Part VI if the organization answered “Yes” on Form
endowment, and board or quasi-endowment funds at the 990, Part IV, line 11a, and reported an amount on Form 990,
beginning of the current year and prior year. Part X, line 10a. Reporting is required if any amount other
Line 1b. Enter the amounts of current year and prior year than zero is reported on those lines.
contributions and transfers to the organization's Column (a). Enter the cost or other basis of all land,
endowment funds. These amounts include all donor gifts, buildings, leasehold improvements, equipment, and other
grants, and contributions received, as well as additional fixed assets held for investment purposes, such as rental
funds established by the organization's governing board to properties.
function like an endowment, but that can be expended at any
time at the discretion of the board. Column (b). Enter the cost or other basis of all other land,
Line 1c. Enter the current year and prior year net amounts buildings, leasehold improvements, equipment, and other
of investment earnings, gains, and losses, including both fixed assets held for other than investment purposes,

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including any land, buildings, and equipment owned and Column (b). Enter the book value of each program-related
used by the organization in conducting its exempt activities. investment. The total of column (b) must equal the amount
The total amounts reported in columns (a) and (b) must equal reported on Form 990, Part X.
the amount reported on Form 990, Part X, line 10a.
Column (c). Indicate whether the investment is listed at cost
Column (c). Enter the accumulated depreciation recorded or end-of-year market value.
for the assets listed in columns (a) and (b). Don't enter an
amount in column (c) for line 1a, Land. The total of column Part IX. Other Assets
(c) must equal the amount reported on Form 990, Part X, Complete Part IX if the organization answered “Yes” on Form
line 10b. 990, Part IV, line 11d, or reported an amount on Form 990,
Column (d). Enter the sum of column (a) and column (b) Part X, column (B), line 15, that is 5% or more of the total
minus column (c). The total of column (d) must equal the assets reported on Form 990, Part X.
amount reported on Form 990, Part X. Column (a). Enter a description of assets reported on Form
990, Part X, column (B), line 15. The organization can use
Part VII. Investments—Other any reasonable basis to classify these assets.
Securities Column (b). Enter the book value of each asset. The total of
Complete Part VII if the organization answered “Yes” on column (b) must equal the amount reported on Form 990,
Form 990, Part IV, line 11b, or reported an amount on Form Part X.
990, Part X, that is 5% or more of the total assets reported on
Form 990, Part X. Part X. Other Liabilities
Other securities to be reported in this part include closely Complete Part X if the organization answered “Yes” on Form
held stock. They also include (1) publicly traded stock for 990, Part IV, line 11e or line 11f, and either reported an
which the organization holds 5% or more of the outstanding amount on Form 990, Part X, or had financial statements
shares of the same class, and (2) publicly traded stock in a for the tax year that include a footnote addressing the
corporation that comprised more than 5% of the organization's liability for uncertain tax positions.
organization's total assets at the end of the tax year. List Organizations are required to separately report all liabilities
each separate class of publicly traded stock held by the for federal income taxes and amounts owed to related
organization that meets either of these 5% ownership tests. organizations on Part X of this schedule.
Don't include program-related investments. Line 1. Other liabilities. In column (a), list each type of
Column (a). Describe the type of investment. Each class of liability not reported on lines 17 through 24 of Form 990, Part
publicly traded stock for which the organization holds 5% or X. The organization can use any reasonable basis to classify
more of the outstanding shares must be listed by name and these liabilities.
class, including the number of shares held. Also report all In column (b), enter the book value of each liability. The
publicly traded stock in a corporation that comprised more total of column (b) must equal the amount reported on Form
than 5% of the organization's total assets at the end of the 990, Part X.
tax year. Line 2. Liability for uncertain tax positions. Every
Column (b). Enter the book value of each investment. The organization required to complete Part X must provide the
total of column (b) must equal the amount reported on Form text of the note in, or footnote to, its financial statements, if
990, Part X. applicable, regarding the organization's liability for uncertain
tax positions under FASB ASC 740, International Financial
Column (c). Indicate whether the investment is listed at cost
Reporting Standards (IFRS), other country-specific
or end-of-year market value. When reporting securities at
accounting standards, or a modified version of any of the
fair market value, use commonly accepted valuation
above (for example, modified FASB ASC 740). This includes,
methods.
for example, the description of a liability for unrelated
Part VIII. Investments—Program business income tax, or tax that may be assessed as a
result of the revocation of exempt status. Provide the full text
Related of this note or footnote in Part XIII, even if the organization
Complete Part VIII if the organization answered “Yes” on did not report any liability for uncertain tax positions in the
Form 990, Part IV, line 11c, and reported an amount on Form note or footnote. Any portion of the note or footnote that
990, Part X, that is 5% or more of the total assets reported on addresses only the filing organization's liability must be
Form 990, Part X. provided verbatim. The filing organization can summarize
that portion, if any, of a note or footnote that applies to the
Program-related investments are investments made liability of multiple organizations, including the organization
primarily to accomplish the organization's exempt purposes (for example, as a member of a group with consolidated
rather than to produce income. Examples of program-related financial statements), to describe the filing organization's
investments include student loans and notes receivable from share of the liability.
other exempt organizations that obtained the funds to pursue
the filing organization's exempt function. Parts XI Through XII. Reconciliation
Column (a). Briefly describe each program-related of Revenue and Expenses From Form
investment on a separate line, including whether the
investment is a loan or equity investment. For investments in 990 to Audited Financial Statements
a domestic organization, identify the organization. Complete Parts XI and XII if the organization answered “Yes”
on Form 990, Part IV, line 12a. If the organization answered

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“Yes” on Form 990, Part IV, line 12b (but answered “No” on
Part XIII. Supplemental Information
line 12a), completing Parts XI and XII is optional.
Complete Part XIII to provide narrative information required in
If the organization did not receive audited financial the following.
statements for the reporting year for which it is completing • Part II, lines 3, 5, and 9 (conservation easements).
this Form 990, it isn't required to complete Part XI or XII, even • Part III, lines 1a and 4 (collections of works of art,
if it prepared Form 990 in accordance with FASB ASC 958. historical treasures, and other similar assets).
Use the reconciliation statements of Parts XI and XII to • Part IV, lines 1b and 2b (escrow or custodial
reconcile the differences between the revenue and expenses arrangements, or credit counseling, debt management, credit
reported on the organization's audited financial statements repair, or debt negotiation services).
prepared in accordance with FASB ASC 958 and the • Part V, line 4 (endowment funds).
revenue and expenses reported on the organization's Form • Part X, line 2 (note or footnote to financial statements
990. regarding liability for uncertain tax positions).
On line 4a of Parts XI and XII, include only those • Part XI, lines 2d and 4b (reconciliation of revenue).
investment expenses netted against investment income in • Part XII, lines 2d and 4b (reconciliation of expenses).
the revenue portion of the organization's audited financial Also use Part XIII to provide additional narrative
statements. Don't include program-related investment explanations and descriptions, as needed. Identify the
expenses or other expenses reported as program service specific part and line number that the response supports in
expenses in the audited statement of activities. the order that it appears on Schedule D (Form 990). Part XIII
Parts XI and XII don't have to be completed for group can be duplicated if more space is needed.
returns.

-6- 2022 Instructions for Schedule D (Form 990)

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