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I have chosen to write about the article titled DSF Charitable Foundation awards $5 million to Bevard Zoo. DSF Charitable Foundation operates as a 501c3
I have chosen to write about the article titled DSF Charitable Foundation awards $5 million to Bevard Zoo. DSF Charitable Foundation operates as a 501c3 exempt private foundation who typically has a tradition of supporting zoos. The article goes into detail discussing how this gift to the Brevard Zoo will allow the opening of a second aquarium on the zoos campus. Additionally, the new construction will include a veterinary hospital and a new long-term sanctuary for animals. The campus will be named Scaife Family Sea Turtle Care Complex to honor the foundations generous gift. The financial position of this organization is displayed on the Form 990PF, which is filed annually. Private foundations generally derive all their revenue from investments, which is shown on Part I of the PF return. Had this gift been made from a for-profit entity or an individual, it most likely would be treated as a charitable deduction on the for-profit filing form, whether that be the 1040 or a separately stated item on the business return
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