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.
Employer-provided educational assistance benefits (Section 127) allows employers to offer their employees up to $5,250 annually in tax-free educational assistance for undergraduate or graduate-level courses.
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—…
For over 60 years, NASA has captivated the public with accomplishments that have revolutionized our understanding of space sciences, the life sciences, and aeronautics, and have led to new technologies that will enable space travel beyond low-Earth orbit and scientific discoveries.
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.