ABC Glossary - Other Commonly Used Financial Abbreviations

Below you will find a searchable glossary of commonly used financial abbreviations, terms, and definitions.
Term Definition
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