For years, tax-exempt organizations have been required to list on Schedule B of Form 990 the names and addresses of contributors who made gifts of $5,000 or more in a year.

The IRS has issued final regulations abolishing this requirement for 501(c)(4) social welfare organizations and many other groups.  These organizations must still keep a list of donors and addresses in their records but need not disclose donor information on the returns.  Note:  More stringent requirements may be established by states for nonprofits other than 501(c)(3) and 527 organizations.

For 501(c)(3) organizations, there is no change in the filing requirements.  Cash or noncash contributions in excess of $5,000 or greater than 2% of the total amount of all contributions, as reported on the Form 990, Part VIII (Statement of Revenue) qualify for Schedule B reporting for 501(c)(3) organizations.