Partnering With Non-Profits
This outline will review two issues with respect to the impact of such joint ventures on exempt organizations. The first is whether participation by an exempt organization in a joint venture with a for-profit entity endangers its exempt status. The second is whether the exempt organization’s participation in such a venture will give rise to unrelated business taxable income. This outline will also briefly review some of the current issues being raised by the Internal Revenue Service (“IRS”) with respect to business relationships between tax-exempt and for-profit entities. View full article (PDF).