Status of FY23 appropriations including the President’s FY23 Budget Request for AAU’s funding priorities at the Department of Defense including 6.1 Basic Research, 6.2 Applied Research, 6.3 Advanced Technology Development, and DARPA.
Endowments are composed of charitable donations to support students and science -- but an unprecedented tax on these endowments, passed in 2017, is reducing these funds' ability to continue supporting student financial aid and scientific breakthroughs that benefit everyday American families.
AAU joined ACE and 7 other associations in submitting comments to the Internal Revenue Service on a possible error in the Inflation Reduction Act of 2022 that could prevent some public universities from benefiting from green energy tax credits included in the law.
The Coalition for National Security Research, which includes AAU and other organizations, sent a letter to Defense Secretary Lloyd Austin urging an increase in FY24 over the FY23 funding levels for defense science and technology (S&T) programs, including the defense basic research programs.
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.