What is Net Short-Term Capital Gain in Form 990-PF?

• A net short-term capital gain is considered as profits that occur from the sale or exchange of a capital asset, like bonds, stock, or real estate, that was held by the foundation for a period of less than one year.

• Any profits from the sale or exchange of depreciable property, land used in a trade or business, or any property held by the foundation for more than one year should not be considered a short-term capital gain. 

• Any losses incurred by the foundation due to the sale or exchange of any of the above-mentioned properties should be included as 'Other Expenses' in Form 990-PF.