
Many funders don’t have a website, this is especially true with small family foundations. So, the 990PFs are often the only source of information about them.* Foundations must submit tax reports to the IRS every year. But lately… well, according to Candid (fka Foundation Directory Online), “before the pandemic, Candid usually received comprehensive IRS 990 data about nonprofits and foundations about 1.5–2 years after the close of a given year. After 2020, the time lag is closer to three years.
Reasons include: