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
990Form used by the IRS for annual reporting by nonprofit organizations
EINEmployer Identification Number
FMVFair Market Value
CPIConsumer Price Index
FASFinancial Accounting Standard
FASBFinancial Accounting Standards Board-sets the rules for nonprofit accounting
IRAIndividual Retirement Account
IRCInternal Revenue Code-code used by the IRS; also International Red Cross
IRSInternal Revenue Service
NCPGNational Committee on Planned Giving
NPONonprofit organization
PGDCPlanned Giving Design Center
RFPRequest for proposals-an announcement of grant fund availability
UMIFAUniform Management of Institutional Funds Act
UPMIFAUniform Prudent Management of Institutional Funds Act