ABC Glossary - Other Commonly Used Financial Abbreviations
Below you will find a searchable glossary of commonly used financial abbreviations, terms, and definitions.
| Term | Definition |
|---|---|
| 501(c)(3) | IRS designation for public serving nonprofit organizations exempt from income tax and eligible to receive tax-deductible gifts |
| 501(c)(4) | IRS designation for advocacy organizations |
| 990 | Form used by the IRS for annual reporting by nonprofit organizations |
| EIN | Employer Identification Number |
| FMV | Fair Market Value |
| CPI | Consumer Price Index |
| FAS | Financial Accounting Standard |
| FASB | Financial Accounting Standards Board-sets the rules for nonprofit accounting |
| IRA | Individual Retirement Account |
| IRC | Internal Revenue Code-code used by the IRS; also International Red Cross |
| IRS | Internal Revenue Service |
| NCPG | National Committee on Planned Giving |
| NPO | Nonprofit organization |
| PGDC | Planned Giving Design Center |
| RFP | Request for proposals-an announcement of grant fund availability |
| UMIFA | Uniform Management of Institutional Funds Act |
| UPMIFA | Uniform Prudent Management of Institutional Funds Act |