The corporation described in § 47-22-68.2 shall not make any taxable expenditure which would give rise to any liability for the tax imposed by section 4945(a) of the Internal Revenue Code. Source: SL 1972, ch 244 , § 2 (5).
Taxable expenditures prohibited to foundation
SDCL § 47-22-68.7 — under NONPROFIT CORPORATIONS--FORMATION AND GENERAL POWERS.
SDCL § 47-22-68.7