Section 16101 Of Article 5. Duties Of Trustees Of Private Foundations, Charitable Trusts, And Split-interest Trusts From California Probate Code >> Division 9. >> Part 4. >> Chapter 1. >> Article 5.

. During any period when a trust is deemed to be a charitable trust or a private foundation, the trustee shall distribute its income for each taxable year (and principal if necessary) at a time and in a manner that will not subject the property of the trust to tax under Section 4942 of the Internal Revenue Code.