Nra CIVIL Rights Defense Fund

“The fund maintains a collection of firearms housed within the national firearms museum where they promote appreciation, understanding, and participation in gun collecting and the preservation of the heritage of firearms through collection, conservation, exhibition and research the fund made awards to nra to reimburse qualified legal costs in association with fund's mission totaling $505,000 and $595,496 for the years ended december 31, 2024 and 2023, of which $360,000 and $190,000 are included in due from affiliates as of december 31, 2024 and 2023, respectively. The nra foundation, inc. An affiliated entity, maintains certain endowments and gift annuities benefiting the fund. The fund returned $0 and $12,620 in unused grant funding for the years ended december 31,2024 and 2023, respectively.”

“To voluntarily assist in the preservation and defense of human, civil, and constitutional rights of individuals to keep and bear arms in a free society.”

“The fund is exempt from federal income taxes under section 501(c)3 of the internal revenue code and from state income taxes. In addition, the fund is not classified as a private foundation. The fund follows the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the fund may recognize the tax benefit from an uncertain tax position ony if it is more-likely-than-not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. Tax years from 2021 through the current year remain open for examination by tax authorities, which is the standard statute of limitations look-back period. Currently, there are no examinations in process. Management evaluated the fund's tax positions and concluded that the fund had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of the guidance.”

“Change in value of split interest agreements - -86405”