Washington Revised Code Title 24. Corporations and Associations (Nonprofit) § 24.03A.175. Private foundations

(a) Distribute sufficient amounts for each taxable year at a time and in a manner so as not to subject the corporation to tax under section 4942 of the internal revenue code;

(b) Not engage in any act of self-dealing as defined in section 4941(d) of the internal revenue code;

(c) Not retain any excess business holdings as defined in section 4943(c) of the internal revenue code;

(d) Not make any investments in a manner that subjects the corporation to tax under section 4944 of the internal revenue code; and

(e) Not make any taxable expenditures as defined in section 4945(d) of the internal revenue code.