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.
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—…
The Department of Energy (DOE) Office of Science is critical to advancing U.S. science and energy frontiers. DOE is the leading source of federal investment in basic physical science research, providing nearly 47 percent of total funding.
To provide quick, easy-to-use information on the role of U.S. research universities in conducting basic research, AAU has published a new data and policy brief, Basic Scientific and Engineering Research at Universities.