The
University has a dual status for Federal Income Tax
purposes.
The University is both:
1) an Internal Revenue Code (IRC) Section
115 organization, and
2) an IRC Section 501(c)(3) organization.
This
status exempts the University from paying Federal Income Tax on
revenue that is
generated by activities which are directly related
to the University's educational and
research missions.
This
exemption does not, however, apply to Unrelated
Business Activities. On these
activities, the University
is required to report and pay Federal Income Tax.
Click here to retrieve a copy of
the determination letter from the IRS regarding the
University's
tax-exempt status: Federal
Income tax - 115 and 501(c)(3).
