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This month’s presentation will provide an overview of how your nonprofit’s revenue-generating activities could give rise to unrelated business income tax (UBIT) obligations, and how to minimize that risk. It will focus on how revenue generated by a nonprofit becomes taxable income and, even more importantly, when tax can be avoided by careful compliance with the Internal Revenue Code. These issues arise for nonprofit, tax-exempt organizations in many contexts, and the presentation will cover corporate sponsorships, advertising, licensing arrangements, endorsements and royalties, and cause-related marketing, among other subjects. The details in this area are important, and all nonprofits (and their advisers) should understand the critical distinctions that separate taxable income from tax-free revenue. The panel will cover the major UBIT sources and common pitfalls, and will share guidance on how to maximize tax-free revenue, with practical tips to help nonprofits structure and document deals to optimize their economic gain. This will be an invaluable program for experienced nonprofit finance, legal, marketing, and operations staff, and for those new to the area.
George Constantine, Partner, Nonprofit Organizations Group
Anne Gerson, Counsel, Nonprofit Organizations Group