Understanding Unrelated Business Income in Nonprofits
The Charity CFO
SEPTEMBER 14, 2022
However, as detailed in Publication 598 of the Internal Revenue Service, income not directly related to their declared charitable purpose is subject to federal taxation. Some charitable trusts not subject to private foundation taxes. ?? This is called the unrelated business income tax, or UBIT. Dividends. ?? Interest. ?? Royalties. ??
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