TY 2021 Form 990 Schedule O

Instrumentl eFile RenderObject ID: 202243189349317619 - Rendered 2024-05-05 TIN: 13-7111099

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

THE BESSEMER GIVING FUND
C/O BESSEMER TRUST COMPANY TRUSTEE

Employer identification number

13-7111099

Return Reference	Explanation
FORM 990, PART VI, SECTION B, LINE 11B	THE BESSEMER GIVING FUND HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, IT IS ELECTRONICALLY SENT TO THE TRUSTEE OF THE ORGANIZATION FOR ANY COMMENTS. THE DRAFT 990 IS REVIEWED BY A MEMBER OF THE TAX DEPARTMENT OF THE TRUSTEE. OTHER EMPLOYEES OF THE CORPORATE TRUSTEE REVIEW THE RESPONSES TO THE NON-FINANCIAL QUESTIONS ON THE DRAFT 990 AND RECOMMEND CHANGES AS NEEDED. A COPY OF THE DRAFT 990 IS PROVIDED TO THE SPECIAL FIDUCIARIES. ONCE THE RETURN HAS BEEN APPROVED BY THE TRUSTEE, THE RETURN IS FILED WITH THE IRS AND OTHER REGULATORY AUTHORITIES AS REQUIRED.
FORM 990, PART VI, SECTION B, LINE 12C	THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS APPLICABLE TO THE ORGANIZATION'S SPECIAL FIDUCIARIES AND TRUSTEE WHO REVIEW THE AUDIT. DISCLOSURE STATEMENTS ARE REQUIRED ANNUALLY AND THESE ARE COLLECTED AND REVIEWED. FIDUCIARIES ARE EXPECTED TO PROMPTLY DISCLOSE CONFLICTS AS THEY ARISE. IF A CONFLICT WERE TO ARISE, THE INTERESTED PARTY WOULD NOT PARTICIPATE IN ANY DECISION WITH RESPECT TO THAT CONFLICT. THE CONFLICT OF INTEREST POLICY IS OVERSEEN AND ADMINISTERED BY THE SPECIAL FIDUCIARIES.
FORM 990, PART VI, SECTION B, LINE 15	THE ORGANIZATION DOES NOT HAVE POLICIES REGARDING COMPENSATION AS IT HAS NO EMPLOYEES, IF IT DID IT WOULD FOLLOW THE PROCEDURES AS SET BY THE IRS FOR ESTABLISHING REASONABLE COMPENSATION.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS FORM 990 AND FORM 1023 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, FORM 990, FORM 1023, AND GOVERNING DOCUMENTS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY.

Return Reference

Explanation

FORM 990, PART VI, SECTION B, LINE 11B

THE BESSEMER GIVING FUND HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, IT IS ELECTRONICALLY SENT TO THE TRUSTEE OF THE ORGANIZATION FOR ANY COMMENTS. THE DRAFT 990 IS REVIEWED BY A MEMBER OF THE TAX DEPARTMENT OF THE TRUSTEE. OTHER EMPLOYEES OF THE CORPORATE TRUSTEE REVIEW THE RESPONSES TO THE NON-FINANCIAL QUESTIONS ON THE DRAFT 990 AND RECOMMEND CHANGES AS NEEDED. A COPY OF THE DRAFT 990 IS PROVIDED TO THE SPECIAL FIDUCIARIES. ONCE THE RETURN HAS BEEN APPROVED BY THE TRUSTEE, THE RETURN IS FILED WITH THE IRS AND OTHER REGULATORY AUTHORITIES AS REQUIRED.

FORM 990, PART VI, SECTION B, LINE 12C

THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS APPLICABLE TO THE ORGANIZATION'S SPECIAL FIDUCIARIES AND TRUSTEE WHO REVIEW THE AUDIT. DISCLOSURE STATEMENTS ARE REQUIRED ANNUALLY AND THESE ARE COLLECTED AND REVIEWED. FIDUCIARIES ARE EXPECTED TO PROMPTLY DISCLOSE CONFLICTS AS THEY ARISE. IF A CONFLICT WERE TO ARISE, THE INTERESTED PARTY WOULD NOT PARTICIPATE IN ANY DECISION WITH RESPECT TO THAT CONFLICT. THE CONFLICT OF INTEREST POLICY IS OVERSEEN AND ADMINISTERED BY THE SPECIAL FIDUCIARIES.

FORM 990, PART VI, SECTION B, LINE 15

THE ORGANIZATION DOES NOT HAVE POLICIES REGARDING COMPENSATION AS IT HAS NO EMPLOYEES, IF IT DID IT WOULD FOLLOW THE PROCEDURES AS SET BY THE IRS FOR ESTABLISHING REASONABLE COMPENSATION.

FORM 990, PART VI, SECTION C, LINE 19

THE ORGANIZATION MAKES ITS FORM 990 AND FORM 1023 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, FORM 990, FORM 1023, AND GOVERNING DOCUMENTS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2021

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