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How do you Generate Form 990-PF Part XIV on Page 11 in Lacerte?

by Intuit Updated 1 month ago

To generate 990-PF, Part XIV:

  1. Go to Screen 43.3 Grants & Allocations (990/990-PF).
  2. Complete the Donee/Recipient information.
  3. Select the appropriate Grant Type from the drop down.
  4. Enter either the Cash amount given, or complete the Noncash subsection.
  5. Locate the Form 990-PF, Part XV subsection.
  6. (If applicable) Check the box Approved for future payment.
  7. Select the applicable Foundation status of recipient from the drop down menu (required).
  8. Press Ctrl+E while in Purpose of grant or contribution (Ctrl+E) and enter the purpose of grant or contribution (required).
  9.  To enter more Donees/recipients, click Add from the left navigation panel and repeat Steps 2-8 for each item.

Note: If Part XV does not generate after making the required entries:

  • Verify the foundation had at least $5,000 worth in assets during the year. If the foundation had less than $5,000 worth in assets, Part XV will not generate. Form 990-PF, Part VII-A, Line 7 will mark Yes if the foundation meets this requirement.
  • An amount is entered on Screen 36, Operating & Administrative Exp. (990-PF) under Cont, gifts, grants paid (see Screen 43) [O].
  • Grant type (Ctrl-T) needs to be marked with corresponding entries in the Cash amount given or Noncash fields.
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