UB Information Technology (UBIT) helps to foster an accessible, inclusive environment at the University at Buffalo.

William & Mary is exempt from federal income tax to engage in charitable, scientific testing for public safety, literature, and education. However, the university is not exempt from income tax imposed ...

Unrelated Business Income Tax (UBIT) The IRS allows Purdue University, a tax-exempt organization, an exemption from federal income taxes due to its classification as a 501 (c) (3) organization; and as ...

The university's primary purpose is the fulfillment of the institution's instructional, research or public service missions. Most university activities are either directly or indirectly related to ...

CPAs can help not-for-profits understand what revenue is subject to the unrelated business income tax (UBIT) and navigate the rules surrounding the tax.

Certain endowment investments might be subject to UBIT. Cayman Islands investments known as "blockers" prevent the university from having to pay UBIT taxes.

It is not time to panic. As noted above, it is unknown what the final legislation will look like or whether the current UBIT proposal will be included in the final legislation. It may be time ...

In fiscal year 2023, Duke reported financial ties with Mauritius, Bermuda and the Cayman Islands — but why would a university invest in such places? The answer is taxes (and tax breaks).

An IRA is required to report and pay Unrelated Business Income Tax (UBIT) if its MLP holdings earn a certain level of unrelated business taxable income.

Convenience of University Members – Any unrelated activity conducted for the convenience of University students, faculty or staff is exempt from tax. Donated Merchandise – Any unrelated activity ...