B. Public Elections and Voter Registration Drives

(1) Section 4945(d)(2) provides that a taxable expenditure includes any amount paid

or incurred by a private foundation to influence the outcome of any specific election, or to carry on, directly or indirectly, any voter registration drive. A private foundation may make expenditures to fund voter registration drives, provided that these activities satisfy the requirements of Section 4945(f).

Note: Section 4955 also imposes excise taxes on expenditures made by Section 501(c)(3) organizations in participation or intervention in any political campaign on behalf of or in opposition to any candidate for public office. Section 4955(e)

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provides that if a Section 4955 tax is imposed with respect to a political expenditure made by a private foundation, that expenditure is not treated as a taxable expenditure for purposes of Section 4945.