Part II. Enter in column (a) the names of all foundation

managers who agreed to make the taxable expenditure. See Initial taxes on foundation managers, earlier. If more than one foundation manager is listed in column (a), each is individually liable for the entire tax in connection with the expenditure. However, the foundation managers who are liable for the tax may prorate the payment among themselves. Enter in column (c) the tax each foundation manager will pay.

A foundation manager filing this Form 4720 should carry the appropriate amount in column (d) to Part II, line 3.

General Instructions

Requirement. Complete Schedule F if you answered “Yes,” to question 5a(2) and 5b of Form 990-PF, Part VI-B. Complete Schedule F if you entered an amount on line 2 of Schedule C (Form 990), Part I-A. Complete Schedule F if you are otherwise a section 501(c)(3) organization that made a political expenditure.

Political expenditures. These include any amount paid or incurred by a section 501(c)(3) organization that participates or intervenes in (including the publication or distribution of statements) any political campaign on behalf of, or in opposition to, any candidate for public office. The tax is imposed even if the political expenditure gives rise to a revocation of the organization's section 501(c)(3) status.

These taxes apply in the case of both public charities and private foundations. When tax is imposed under this provision in the case of a private foundation, however, the

expenditure in question won't be treated as a taxable expenditure under section 4945.

For an organization formed primarily to promote the candidacy or prospective candidacy of an individual for public office (or that is effectively controlled by a candidate or prospective candidate and is used primarily for such purposes), amounts paid or incurred for any of the following purposes are deemed political expenditures:

• Remuneration to the candidate or prospective candidate for speeches or other services;

• Travel expenses of the individual;

• Expenses of conducting polls, surveys, or other studies, or preparing papers or other material for use by the individual;

• Expenses of advertising, publicity, and fundraising for such individual; and

• Any other expense which has the primary effect of promoting public recognition or otherwise primarily accruing to the benefit of the individual.

Initial tax on organization or foundation. The initial tax on the organization or foundation is 10% of the amount involved.

Initial tax on organization managers or foundation man- agers. An initial tax of 2.5% of the amount involved (up to $5,000 of tax on any one expenditure) is imposed on any manager who agrees to an expenditure, knowing that it is a political expenditure, unless the agreement isn't willful and is due to reasonable cause.

Any manager who agreed to the expenditure must pay the tax.

Specific Instructions