University’s Tax Exempt Status

University’s Tax Exempt Status

The University has a dual status for federal income tax purposes: the University is both an 1) Internal Revenue Code (IRC) Section 115 organization and an 2) 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 and state income tax. Copies of the determination letter from the IRS regarding the University’s tax-exempt status can be obtained from the Tax Services Office.