Taxes on Unrelated Business Income

Policy Statement

Adelphi University is a nonsectarian educational corporation with a tax-exempt purpose as stipulated within its Articles of Incorporation that includes all rights, powers and privileges that are conferred upon educational institutions under the laws of the State of New York.

Reason for Policy

根据国内税收法典第501(c)(3)条，阿德尔菲大学是一个免税组织。卡塔尔世界杯时间表但是，如果组织经常从与组织的免税目的或功能的履行没有实质性关联的贸易或业务中产生收入，免税组织就需要对不相关的业务收入纳税。

Who Is Governed by this Policy

Staff

Policy

Refer to the “IRS Guidelines: Taxes on Unrelated business expenses (UBIT)” (page 32) of theFinancial and Administrative Reference Guide (FARG).

Definitions

This policy does not have definitions associated with it at this time. Upon periodic policy review this area will be evaluated to determine if additional information is needed to supplement the policy.

Forms

This policy does not have forms associated with it at this time. Upon periodic policy review this area will be evaluated to determine if additional information is needed to supplement the policy.

Related Information

This policy does not have related information at this time. Upon periodic policy review this area will be evaluated to determine if additional information is needed to supplement the policy.

Document History

• Last Reviewed Date: October 13, 2017
• Last Revised Date: October 13, 2017
• Policy Origination Date: Not known

Who Approved This Policy

Robert DeCarlo, Chief Financial Officer & Associate Vice President

Director of Financial Operations and Associate Vice President