Tax-Exempt Organizations and Private Foundations: Annualization Options Tax-Exempt Organizations and Private Foundations: Annualization Options Summary: This table is used to provide the options of annualized installment periods elected by tax-exempt organizations and private foundations to be entered on line 22 of Schedule A (Form 2220). 1st Installment2nd Installment3rd Installment4th InstallmentStandard option6421.33333Option 1631.714291.2