Extract to table

In addition, the Foundation is required to make quarterly estimated excise tax payments if the expected annual tax liability exceeds $500

If the Foundation's estimated § 4940 excise tax for any taxable year is expected to exceed $500, the Foundation must make quarterly estimated tax payments using Form 990-W

Caldwell or other disqualified persons hold a controlling interest), the lease arrangement must be scrutinized with extreme care

If the Foundation requires financing for any purpose, it must obtain such financing from an unrelated third-party lender

The compensation must not be excessive, as determined under the standards applicable to tax-exempt organizations generally (including IRC § 4958 principles, applied by analogy)

Similarly, if the Foundation sponsors events, the events must serve the Foundation's charitable purposes and may not primarily benefit family members or other disqualified persons