The vast majority of public and private universities and colleges are tax-exempt entities as defined by IRC Section 501(c)(3) because of their educational purposes—purposes that the federal government has long recognized as fundamental to fostering the productive and civic capacity of its citizens—and/or the fact that they are state governmental entities.
Unrelated business taxable income (UBIT) is income from a trade or business that is regularly carried on by a tax-exempt organization and is not substantially related to the organization's exempt purpose.
This is the AAU summary of the H.R. 2471, Consolidated Appropriations Act, 2022, which will fund the federal government until the end of the fiscal year, ending September 30, 2022.
AAU calls for an infusion of at least $6 billion for federal research agency programs that support scientific infrastructure at colleges and universities.
Infrastructure and Innovation | Issue Brief | National Institutes of Health | National Science Foundation | Department of Defense | Department of Energy | Innovation and Competitiveness
The Department of Education’s Title VI (domestic) and Fulbright-Hays (overseas) programs are the federal government’s most comprehensive programs for developing national capacity in foreign language and area studies expertise. These programs support instruction in less-commonly taught languages—particularly from regions of U.S. strategic interest—and research on cultural issues important to economic and national security. These programs educate individuals whose skills help ensure the successful international engagement of the U.S. education, government, and business sectors.
The Agriculture and Food Research Initiative (AFRI) in the United States Department of Agriculture (USDA) is the flagship competitive grant program for agricultural research.
The National Science Foundation (NSF) is the cornerstone of America’s basic research enterprise. NSF supports fundamental, interdisciplinary, and ground-breaking research and education needed to ensure that the U.S. remains at the forefront of science and innovation.
Biomedical research supported by the National Institutes of Health (NIH) and performed at research universities helps ensure U.S. leadership in the life sciences revolution of the 21st Century.
On March 10, the House of Representatives passed the American Rescue Plan Act of 2021.
Issue Brief | National Science Foundation | Department of Education | National Endowment for the Humanities | COVID-19 | Higher Education Legislation
Section by section summary of the FAFSA Simplification Act of 2020.