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Exempt Organizations Annual Reporting Requirements - Foreign Activities (Form 990 Schedule F): Reporting Foreign Investments in Part I
How should foreign investments be reported in Part I of Schedule F, Form 990?
The following rules apply:
- Investments must be reported on a region-by-region basis on Line 3, separately from other activities in the region.
- All investments in a particular region may be aggregated for this purpose. For example, all investments in South America may be reported together in one line.
- In reporting investments in a region, only columns (a), (d) and (f) must be completed; columns (b), (c), and (e) need not be completed with respect to investments.
- Column (a) would reflect the region, as described in the instructions, to Schedule F, of the investment.
- The region of a foreign investment entity is determined by its legal domicile (country whose law governs the entity’s internal affairs).
- In the case of a foreign pass-through entity such as a foreign partnership, an organization is not required to report the region of the underlying investments held by the pass-through entity, but may report the region based on the legal domicile of the foreign pass-through entity.
- The organization may use the term investments to describe the foreign activity in column (d).
- The book value of foreign investments in each particular region would be reported in Part I, column (f) for that region.
- An organization need not report, as an investment activity in Schedule F, foreign investments indirectly held through a domestic (United States) pass-through entity, because the domicile of the pass-through entity is not a foreign location.
Page Last Reviewed or Updated: 06-Apr-2016