990 Schedule D Instructions for Schedule D (Form 990)

2023

Instructions for Schedule D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements
Section references are to the Internal Revenue Code unless
otherwise noted.

Future Developments

For the latest information about developments related to
Schedule D (Form 990) and its instructions, such as
legislation enacted after they were published, go to IRS.gov/
Form990.

General Instructions

Note. Terms in bold are defined in the Glossary of the
Instructions for Form 990, Return of Organization Exempt
From Income Tax.

Purpose of Schedule

Schedule D (Form 990) is used by an organization that files
Form 990 to provide the required reporting for donor
advised funds, conservation easements, certain art and
museum collections, escrow or custodial accounts or
arrangements, endowment funds, and supplemental
financial information.

Who Must File

An organization that answered “Yes” to any of lines 6 through
12a on Form 990, Part IV, Checklist of Required Schedules,
must complete the appropriate part(s) of Schedule D (Form
990) and attach the schedule to Form 990. An organization
that answered “Yes” on Form 990, Part IV, line 12b, can
complete Parts XI and XII of Schedule D (Form 990), but isn't
required to do so.
If an organization isn't required to file Form 990 but
chooses to do so, it must file a complete return and provide
all of the information requested, including the required
schedules.

Specific Instructions
Part I. Organizations Maintaining
Donor Advised Funds or Other
Similar Funds or Accounts

Complete Part I if the organization answered “Yes” on Form
990, Part IV, line 6.
Generally, a donor advised fund is a fund or account:
1. That is separately identified by reference to
contributions of a donor or donors,
2. That is owned and controlled by a sponsoring
organization, and
3. For which the donor or donor advisor has or
reasonably expects to have advisory privileges in the
distribution or investment of amounts held in the donor

Aug 9, 2023

advised fund or account because of the donor's status as
a donor.
Note. Donor advised funds aren't limited to funds or
accounts that meet the definition of “funds” under generally
accepted accounting principles.
Exceptions. A donor advised fund doesn't include any
fund or account:
1. That makes distributions only to a single identified
organization or governmental entity; or
2. In which a donor or donor advisor gives advice about
which individuals receive grants for travel, study, or other
similar purposes, if:
a. The donor’s or donor advisor's advisory privileges
are performed exclusively by such person in his or
her capacity as a member of a committee in which all
of the committee members are appointed by the
sponsoring organization;
b. No combination of donors or donor advisors (and
related persons, defined next) directly or indirectly
control the committee; and
c. All grants from the fund or account are awarded on
an objective and nondiscriminatory basis following a
procedure approved in advance by the board of
directors of the sponsoring organization. The
procedure must be designed to ensure that all grants
meet the requirements of section 4945(g)(1), (2), or
(3); or
3. That the Secretary exempts from being treated as a
donor advised fund because either such fund or account
is advised by a committee not directly or indirectly
controlled by the donor or any person appointed or
designated by the donor for the purpose of advising with
respect to distributions from such fund (and any related
parties), or because such fund benefits a single
identified charitable purpose.
See Notice 2006-109, 2006-51 I.R.B. 1121, available at
IRS.gov/irb/2006-51_IRB/ar11.html, modified by Notice
2014-4, 2014-2 I.R.B. 274.
A person related to a donor or donor advisor includes any
family member (as defined in section 4958(f)(4)) of the donor
or donor advisor and any 35% controlled entity (as defined
in section 4958(f)(3)) of the donor, donor advisor, or their
family members.
Column (a). Complete for all donor advised funds held at
any time during the tax year by the organization as a
sponsoring organization.
Column (b). Complete for each similar fund or account held
by the organization at any time during the tax year over which
a donor, or person appointed by the donor, had advisory
privileges for distribution or investment of amounts held in

Cat. No. 51527M

acquired after July 25, 2006, and not on a historic structure
listed in the National Register.

such fund or account, but which isn't a donor advised fund.
Examples of other similar funds or accounts include the
funds or accounts listed in Exceptions above, as well as
funds otherwise prescribed by statute as excepted from the
meaning of a donor advised fund.

Line 3. To be eligible for a federal charitable income tax
deduction for the donation of a conservation easement to a
qualified organization, the easement must be granted in
perpetuity.
Enter the total number of conservation easements held by
the organization that were modified, transferred, released,
extinguished, or terminated, in whole or in part, during the tax
year. For example, if two easements were modified and one
easement was terminated during the tax year, enter the
number 3.
For each easement modified, transferred, released,
extinguished, or terminated, in whole or in part, explain the
changes in Part XIII. Tax exemption may be undermined by
the modification, transfer, release, extinguishment, or
termination of an easement.
For purposes of this Schedule D reporting requirement, an
easement is modified when its terms are amended or altered
in any manner. For example, if the deed of easement is
amended to increase the amount of land subject to the
easement or to add, alter, or remove restrictions regarding
the use of the property subject to the easement, the
easement is modified. An easement is transferred if, for
example, the organization assigns, sells, releases,
quitclaims, or otherwise disposes of the easement whether
with or without consideration. An easement is released,
extinguished, or terminated when it is condemned,
extinguished by court order, transferred to the land owner, or
in any way rendered void and unenforceable, in each case
whether in whole or in part. An easement is also released,
extinguished, or terminated when all or part of the property
subject to the easement is removed from the protection of the
easement in exchange for the protection of some other
property or cash to be used to protect some other property.
The categories described in the preceding paragraph are
provided for convenience purposes only and aren't to be
considered legally binding or mutually exclusive. For
example, a modification may also involve a transfer and an
extinguishment, depending on the circumstances. Use of a
synonym for any of these terms doesn't avoid the application
of the reporting requirement. For example, calling an action a
“swap” or a “boundary line adjustment” doesn't mean the
action isn't also a modification, transfer, or extinguishment.

Line 1. Report in column (a) the total number of donor
advised funds and in column (b) the total number of other
similar funds or accounts held by the organization at the end
of the year.
Line 2. Report in column (a) the aggregate value of
contributions during the year to all donor advised funds
and in column (b) the aggregate value of contributions during
the year to all other similar funds or accounts held by the
organization.
Line 3. Report in column (a) the aggregate value of grants
made during the year from all donor advised funds and in
column (b) the aggregate value of grants made during the
year from all other similar funds or accounts held by the
organization. Report both grants outside the organization and
transfers within the organization.
Line 4. Report in column (a) the aggregate value at the end
of the year of all donor advised funds and in column (b) the
aggregate value at the end of the year of all other similar
funds or accounts held by the organization.

Part II. Conservation Easements

Complete Part II if the organization answered “Yes” on Form
990, Part IV, line 7.
In addition to reporting on conservation easements, also
report in Part II other interests in real property that under state
law have attributes similar to a conservation easement and
are established for the purpose of conservation and
preservation (for example, certain restrictive covenants and
equitable servitudes). Don't report utility easements.

Line 1. Check the box for the purpose or purposes for which
the organization held the easement(s) during the tax year.
Check all that apply.
Line 2. Provide an answer for each item.
Line 2a. Enter the total number of conservation
easements held by the organization at the end of the tax
year. This shouldn't be an estimate or a rounded number.
Line 2b. Enter the total acreage restricted by
conservation easements held by the organization at the
end of the tax year. Compute the total acreage by adding
together all the acres of land subject to all the easements
held as of the end of the tax year. Don't include conservation
easements on certified historic structures. Acreage can be
expressed in decimal points for properties subject to
easements where the acreage consists of less than whole
numbers. For example, two and one-half acres can be
expressed as 2.5 acres.
Line 2c. Enter the number of conservation easements
on certified historic structures held by the organization at
the end of the tax year.
A certified historic structure is any building or structure
listed in the National Register of Historic Places as well as
any building certified as being of historic significance to a
registered historic district. See section
170(h)(4)(B) for special rules that apply to contributions of
conservation easements on certified historic structures in
registered historic districts.
Line 2d. Enter the number of conservation easements
included in the answer to line 2c that the organization

Line 4. Enter the total number of states where property is
located and subject to a conservation easement held by
the organization during the tax year.
Line 5. A qualified organization must have a commitment to
protect the conservation purposes of the easement, and have
the resources to enforce the restrictions. Report whether the
organization has a written policy or policies about how the
organization will monitor, inspect, and handle violations, and
how it will enforce conservation easements. If “Yes,” briefly
summarize such policy or policies in Part XIII. Also, indicate
whether such policy or policies are reflected in the
organization's easement documents. Monitoring means the
organization investigates the use or condition of the real
property restricted by the easement to determine if the
property owner is adhering to the restrictions imposed by the
terms of the easement to ensure the conservation purpose of
the easement is being achieved. Inspection means an onsite
visit to observe the property to carry out a monitoring
purpose. Enforcement of an easement means action taken
by the organization after it discovers a violation to compel a
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2023 Instructions for Schedule D (Form 990)

property owner to adhere to the terms of the conservation
easement. Such activities can include communications with
the property owner explaining his or her obligations with
respect to the easement, arbitration, or litigation.

Lines 1 and 2. Pursuant to FASB ASC 958, certain
organizations can choose one of two methods to report
collections of works of art, historical treasures, or other
similar assets held for public exhibition, education, or
research in furtherance of public service. An organization that
doesn't recognize and capitalize its collections for financial
statement purposes will report its collections on the face of its
statement of activities, separately from revenues, expenses,
gains, losses, and assets. An organization that recognizes
and capitalizes its collections for financial statement
purposes will report its collections as assets and revenues
based upon its fair value measurement. Line 1 pertains to
collection items held by the organization in furtherance of
public service, and line 2 pertains to collection items held by
the organization for financial gain, as those terms are
described in FASB ASC 958.
Line 1a. If an organization has elected not to capitalize its
collections, then provide in Part XIII the footnote(s) to the
organization's financial statements that describes these
collection items.
Line 1b. If an organization has elected to capitalize its
collections, provide on line 1b(i) the revenue relating to its
collection items that is reported on Form 990, Part VIII, line 1.
Also, provide on line 1b(ii) the value of the organization's
collection items reported as total assets on Form 990.

Line 6. Enter the total number of hours devoted during the
tax year to monitoring, inspecting, and enforcing
conservation easements, as those terms are defined in the
instructions for line 5 above. Include the hours devoted to this
purpose by any of the organization's paid or unpaid staff and
by any of the organization's agents or independent
contractors.
Line 7. Enter the total amount of expenses incurred by the
organization during the tax year to monitor, inspect, and
enforce the conservation easements it held during the year
as those terms are defined in the instructions for line 5.
Line 8. Answer “Yes” if each of the organization's façade
easements acquired after July 25, 2006, satisfies the
requirements of sections 170(h)(4)(B)(i) and 170(h)(4)(B)(ii).
Section 170(h)(4)(B)(i) requires each façade easement
donated after July 25, 2006, to include a restriction that
preserves the entire exterior of the building, including the
front, sides, rear, and height of the building, and to prohibit
any change in the exterior of the building that is inconsistent
with the historical character of such exterior.
Section 170(h)(4)(B)(ii) requires the donor and donee to
enter into a written agreement certifying, among other things,
that the donee organization has the resources to manage
and enforce the restriction and a commitment to do so.

Line 2. If an organization has received or held collections for
financial gain, provide on line 2a the revenue reported as to
these collection items from the total revenue included on
Form 990, Part VIII, line 1. Also, provide on line 2b the asset
value assigned to these collection items, which value should
also be reported as part of the organization's total assets
reported on Form 990, Part X.

Line 9. Enter in Part XIII a description of how the
organization reports conservation easements in its revenue
and expense statement and on its balance sheet. Include in
Part XIII, if applicable, the text of the footnote to the
organization's financial statements that describes the
organization's accounting for conservation easements and
the basis for its reporting position (see Financial Accounting
Standards Board (FASB) Accounting Standards Codification
(ASC) 350-30-55-29 to 55-32, Example 10: Easements).

Line 3. Based upon the organization's acquisition,
accession, and other records, check all boxes that best
describe how the organization utilizes its collections,
including the collection's most significant use.
Line 4. In Part XIII, provide a description of the
organization's collections and explain how these collections
further the organization's exempt purposes.

The organization must report any qualified
conservation contributions including contributions
CAUTION of conservation easements in Form 990, Part VIII,
Statement of Revenue; Schedule A (Form 990 or 990-EZ),
Public Charity Status and Public Support; Schedule B (Form
990, 990-EZ, or 990-PF), Schedule of Contributors; and
Schedule M (Form 990), Noncash Contributions, consistently
with how it reports revenue from such contributions in its
books, records, and financial statements.

!

Line 5. Answer “Yes” to line 5 if during the year the
organization solicited or received donations of art, historical
treasures, or other similar assets to be sold in order to raise
funds rather than to be maintained as part of the
organization's collection.

Part IV. Escrow and Custodial
Arrangements

Part III. Organizations Maintaining
Collections of Art, Historical
Treasures, or Other Similar Assets

Complete Part IV if the organization answered “Yes” on Form
990, Part IV, line 9, or reported an amount on Form 990, Part
X, line 21.

Lines 1a through 1f. If the organization acts as an agent,
trustee, custodian, or other intermediary for funds payable to
other organizations or individuals and hasn't reported those
amounts on Form 990, Part X, as an asset or liability, check
“Yes” and provide an explanation of the arrangement in Part
XIII.

Complete Part III if the organization answered “Yes” on Form
990, Part IV, line 8.
Organizations that receive contributions of works of art,
historical treasures, and similar assets that don't maintain
collections as described in the Financial Accounting
Standards Board (FASB) Accounting Standards Codification
(ASC) 958-360-25-2 aren't required to complete Part III, but
may be required to complete Schedule M.

Organizations that maintain escrow or custodial
accounts not reported on Form 990, Part X, must record
increases or decreases in such accounts by completing lines
1c through 1f.

For lines 1 and 2, refer to FASB ASC 958-360-20 for
meanings of the various terms.
2023 Instructions for Schedule D (Form 990)

Example 1. A credit counseling organization that collects
amounts from debtors to remit to creditors holds funds in an
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earnings reported on a gross basis, enter the transaction
costs on line 1f.
Line 1d. Enter the current year and prior year amounts
distributed for grants or scholarships.

escrow or custodial account. If the organization acts as a
go-between and doesn't report these funds as its assets or
liabilities on Form 990, Part X, it must report the fund
balances on lines 1c through 1f.
Example 2. An organization providing down-payment
assistance that collects amounts from donors to be used
toward the purchase of qualifying housing holds funds in an
escrow or custodial account. If the organization acts as a
go-between and doesn't report these funds as its assets or
liabilities on Form 990, Part X, it must report the fund
balances on lines 1c through 1f.

Because scholarships represent direct aid to

TIP individuals, they are distinguished from general
programmatic aid referenced in line 1e.

Line 1e. Enter the current year and prior year amounts
distributed for facilities and programs. Amounts on this line
should include withdrawn amounts, and amounts disinvested
from an organization's quasi-endowments to reduce or
eliminate capital investment.
Line 1f. Enter the current year and prior year
administrative expenses charged to the endowment funds.
These expenses can arise from either internal or third-party
sources.
Line 1g. Enter the year-end balances of the organization's
endowment funds for the current year and prior year. To
determine the year-end balances, add lines 1a, 1b, and
investment earnings on line 1c, and subtract line 1c
investment losses and the amounts on lines 1d through 1f.

Line 2. If the organization answered “Yes” to line 2a, explain
in Part XIII the arrangements under which the amounts
reported on Form 990, Part X, line 21, are held, including any
obligations the organization has to other persons under such
arrangements.
Explain in Part XIII any credit counseling, debt
management, credit repair, or debt negotiation services the
organization provided.

Part V. Endowment Funds

Complete Part V if the organization answered “Yes” on Form
990, Part IV, line 10. For Part V, the definitions of endowment
and types of endowments are governed by FASB ASC 958.
Information reported in Part V should pertain to the aggregate
of the donor-restricted assets held by the organization,
organizations formed and maintained exclusively to further
one or more exempt purposes of the organization, and
organizations that hold endowment funds for the benefit of
the organization.

Line 2. On lines 2a through 2c, enter the estimated
percentage of the organization's total endowment funds at
the current year end (as reported in line 1g, column (a)) held
in (a) board designated or quasi-endowment funds, (b)
permanent endowment funds, or (c) term endowment funds.
The total of these three percentages should equal 100%. If
the organization follows FASB ASC 958, amounts should be
reported on lines 2a, 2b, and 2c consistent with the
organization’s footnote disclosure under FASB ASC 958-205.

Term endowment includes endowment funds established
by donor-restricted gifts that are maintained to provide a
source of income for either a specified period of time or until
a specific event occurs. These funds should be reported as
“temporarily restricted endowment” for purposes of
completing line 2c.

Line 3. Report information on endowment funds not in
possession of the organization.
Line 3a(i). Check “Yes” if any of the organization's
endowment funds are in the possession of and administered
by unrelated organizations.
Line 3a(ii). Check “Yes” if any of the organization's
endowment funds are in the possession of and administered
by related organizations.
Line 3b. All related organizations are required to be
reported on Schedule R (Form 990), Related Organizations
and Unrelated Partnerships. Check “Yes” on line 3b if the
organization answered “Yes” to line 3a(ii) and the
organization listed all related organizations referred to on
line 3a(ii) on Schedule R.

Permanent endowments are endowment funds that are
established by donor-restricted gifts and are maintained to
provide a permanent source of income, with the stipulation
that principal must be invested and kept intact in perpetuity,
while only the income generated can be used by the
organization.
Board-designated endowments or
quasi-endowments result from an internal designation and
are generally not donor-restricted and are classified as net
assets without donor restrictions. The governing board has
the right to decide at any time to expend such funds.
Line 1a. Enter the beginning-of-year balances of the
organization's endowment funds for the current year and prior
year. The amounts entered should agree with the
organization's total permanent endowment, term endowment,
and board or quasi-endowment funds at the beginning of the
current year and prior year.
Line 1b. Enter the amounts of current year and prior year
contributions and transfers to the organization's
endowment funds. These amounts include all donor gifts,
grants, and contributions received, as well as additional
funds established by the organization's governing board to
function like an endowment, but that can be expended at any
time at the discretion of the board.
Line 1c. Enter the current year and prior year net amounts
of investment earnings, gains, and losses, including both
realized and unrealized amounts. For earnings reported net
of transaction costs, enter the net amount on line 1c. For

Line 4. Describe in Part XIII the intended uses of the
organization's endowment funds.

Part VI. Land, Buildings, and
Equipment

Complete Part VI if the organization answered “Yes” on Form
990, Part IV, line 11a, and reported an amount on Form 990,
Part X, line 10a. Reporting is required if any amount other
than zero is reported on those lines.

Column (a). Enter the cost or other basis of all land,
buildings, leasehold improvements, equipment, and other
fixed assets held for investment purposes, such as rental
properties.
Column (b). Enter the cost or other basis of all other land,
buildings, leasehold improvements, equipment, and other
fixed assets held for other than investment purposes,
including any land, buildings, and equipment owned and
used by the organization in conducting its exempt activities.
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2023 Instructions for Schedule D (Form 990)

The total amounts reported in columns (a) and (b) must equal
the amount reported on Form 990, Part X, line 10a.

Column (c). Indicate whether the investment is listed at cost
or end-of-year market value.

Column (c). Enter the accumulated depreciation recorded
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 (c)
must equal the amount reported on Form 990, Part X,
line 10b.

Part IX. Other Assets

Complete Part IX if the organization answered “Yes” on Form
990, Part IV, line 11d, or reported an amount on Form 990,
Part X, column (B), line 15, that is 5% or more of the total
assets reported on Form 990, Part X.

Column (d). Enter the sum of column (a) and column (b)
minus column (c). The total of column (d) must equal the
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
any reasonable basis to classify these assets.

Part VII. Investments—Other
Securities

Column (b). Enter the book value of each asset. The total of
column (b) must equal the amount reported on Form 990,
Part X.

Complete Part VII if the organization answered “Yes” on Form
990, Part IV, line 11b, or reported an amount on Form 990,
Part X, that is 5% or more of the total assets reported on
Form 990, Part X.

Part X. Other Liabilities

Complete Part X if the organization answered “Yes” on Form
990, Part IV, line 11e or line 11f, and either reported an
amount on Form 990, Part X, or had financial statements
for the tax year that include a footnote addressing the
organization's liability for uncertain tax positions.
Organizations are required to separately report all liabilities
for federal income taxes and amounts owed to related
organizations on Part X of this schedule.

Other securities to be reported in this part include closely
held stock. They also include (1) publicly traded stock for
which the organization holds 5% or more of the outstanding
shares of the same class, and (2) publicly traded stock in a
corporation that comprised more than 5% of the
organization's total assets at the end of the tax year. List
each separate class of publicly traded stock held by the
organization that meets either of these 5% ownership tests.
Don't include program-related investments.

Line 1. Other liabilities. In column (a), list each type of
liability not reported on lines 17 through 24 of Form 990, Part
X. The organization can use any reasonable basis to classify
these liabilities.
In column (b), enter the book value of each liability. The
total of column (b) must equal the amount reported on Form
990, Part X.

Column (a). Describe the type of investment. Each class of
publicly traded stock for which the organization holds 5% or
more of the outstanding shares must be listed by name and
class, including the number of shares held. Also report all
publicly traded stock in a corporation that comprised more
than 5% of the organization's total assets at the end of the
tax year.

Line 2. Liability for uncertain tax positions. Every
organization required to complete Part X must provide the
text of the note in, or footnote to, its financial statements, if
applicable, regarding the organization's liability for uncertain
tax positions under FASB ASC 740, International Financial
Reporting Standards (IFRS)/International Accounting
Standards (IAS) 12 Income Taxes, other country-specific
accounting standards, or a modified version of any of the
above. This includes, for example, the description of a liability
for unrelated business income tax, or tax that may be
assessed as a result of the revocation of exempt status.
Provide the full text of this note or footnote in Part XIII, even if
the organization did not report any liability for uncertain tax
positions in the note or footnote. Any portion of the note or
footnote that addresses only the filing organization's liability
must be provided verbatim. The filing organization can
summarize that portion, if any, of a note or footnote that
applies to the liability of multiple organizations, including the
organization (for example, as a member of a group with
consolidated financial statements), to describe the filing
organization's share of the liability.

Column (b). Enter the book value of each investment. The
total of column (b) must equal the amount reported on Form
990, Part X.
Column (c). Indicate whether the investment is listed at cost
or end-of-year market value. When reporting securities at
fair market value, use commonly accepted valuation
methods.

Part VIII. Investments—Program
Related

Complete Part VIII if the organization answered “Yes” on
Form 990, Part IV, line 11c, and reported an amount on Form
990, Part X, that is 5% or more of the total assets reported on
Form 990, Part X.
Program-related investments are investments made
primarily to accomplish the organization's exempt purposes
rather than to produce income. Examples of program-related
investments include student loans and notes receivable from
other exempt organizations that obtained the funds to pursue
the filing organization's exempt function.

Parts XI Through XII. Reconciliation of
Revenue and Expenses From Form
990 to Audited Financial Statements

Column (a). Briefly describe each program-related
investment on a separate line, including whether the
investment is a loan or equity investment. For investments in
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
“Yes” on Form 990, Part IV, line 12b (but answered “No” on
line 12a), completing Parts XI and XII is optional.

Column (b). Enter the book value of each program-related
investment. The total of column (b) must equal the amount
reported on Form 990, Part X.
2023 Instructions for Schedule D (Form 990)

If the organization did not receive audited financial
statements for the reporting year for which it is completing
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• Part III, lines 1a and 4 (collections of works of art,

this Form 990, it isn't required to complete Part XI or XII, even
if it prepared Form 990 in accordance with FASB ASC 958.
Use the reconciliation statements of Parts XI and XII to
reconcile the differences between the revenue and expenses
reported on the organization's audited financial statements
prepared in accordance with FASB ASC 958 and the revenue
and expenses reported on the organization's Form 990.
On line 4a of Parts XI and XII, include only those
investment expenses netted against investment income in
the revenue portion of the organization's audited financial
statements. Don't include program-related investment
expenses or other expenses reported as program service
expenses in the audited statement of activities.
Parts XI and XII don't have to be completed for group
returns.

historical treasures, and other similar assets).

• Part IV, lines 1b and 2b (escrow or custodial
•
•
•
•

arrangements, or credit counseling, debt management,
credit repair, or debt negotiation services).
Part V, line 4 (endowment funds).
Part X, line 2 (note or footnote to financial statements
regarding liability for uncertain tax positions).
Part XI, lines 2d and 4b (reconciliation of revenue).
Part XII, lines 2d and 4b (reconciliation of expenses).

Also use Part XIII to provide additional narrative
explanations and descriptions, as needed. Identify the
specific part and line number that the response supports in
the order that it appears on Schedule D (Form 990). Part XIII
can be duplicated if more space is needed.

Part XIII. Supplemental Information

Complete Part XIII to provide narrative information required in
the following.
• Part II, lines 3, 5, and 9 (conservation easements).

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2023 Instructions for Schedule D (Form 990)