Reviews legislative developments (particularly Phase I and II tax reform bills now in Congress regarding tax status of exempt organizations and tax treatment of scholarships, fellowships, contributions and bequests), regulations and rulings of the Internal Revenue Service, and the Filer Commission Report on Private Philanthropy and Public Needs.…

Three new elements affecting charitable contribution deduction and institutions which rely on voluntary contributions and tax exemption are reviewed: the new Office of Employee Plans and Exempt Organizations of the Internal Revenue Service, the recent report of the Filer Commission, and the concept of tax expenditures incorporated in the…

Surveys the federal tax implications of "immediate" charitable gift annuities (annuity payments beginning within one year of transfer) and "deferred payment" charitable gift annuities (beginning at a specified date), both of which enable individuals to make a charitable gift, retain a form of life income, and achieve federal…

Reviews the Tax Reform Act of 1969 with regard to income, estate, or gift tax deductions available for the gift or bequest of a remainder interest. Compares the various types of deductible charitable remainder gifts. Legal forms are included for pooled income fund trusts and for charitable remainder annuity trust gifts and unitrust gifts. (JT)

The Tax Reform Act of 1984 has sharply limited the tax advantages for private investors to enter into real estate sales/leaseback agreements with exempt organizations. The impact the Tax Reform Act of 1984 has on sales/leaseback agreements involving tax-exempt organizations is examined. (Author/MLW)

Recent federal revenue rulings conclude that sale of broadcast rights to national radio and television or an independent producer by a tax-exempt organization does not constitute an unrelated trade or business. The rulings and their potential effects on colleges and universities are examined. (MSE)

The NCAA has enjoyed almost total freedom from judicial scrutiny of its rules, procedures, and official acts in large part because of its private nature as an unincorporated association. The function of the NCAA, California State University, Hayward v NCAA, and due process of the student-athlete are discussed. (MLW)

Judicial institutions are shown not to believe that the NCAA and the various regional conferences administering school-related sports have unlimited discretion to regulate. Some of the antitrust issues in the regulation of college sports are explored, along with some of the concerns facing the NCAA, regional conferences, and individual schools.…

The Uniform Patent Legislation directly and significantly affects the technology transfer relationship between the federal government and academe. With appropriate regulations and a centralized review process, the act should be a valuable tool to American industry, and particularly to universities, nonprofit organizations, and small businesses.…

The struggle for the preservation of amateurism and the rights of student-athletes are discussed. Pressures for reform have come from within the NCAA and from a congressional investigation. Issues discussed include: the sports marketplace, reform and the NCAA, a bill of rights for student athletes, and future directions. (MLW)

Regulatory changes regarding public broadcasting and telecommunications facilities on college and university campuses allowing remunerative use of the facilities, and potential obstacles to remunerative use posed by state statutes, are discussed from legal and tax perspectives. The potential for double taxation is examined. (MSE)

A court decision that income from a National Collegiate Athletic Association (NCAA) souvenir program was not a "regularly carried on activity" and, therefore, was taxable as business income is discussed. Application of the same principles and standards to university income from advertising activities is considered, and recommendations…

Several related tax issues important to both the commercial sponsors and tax-exempt recipients of research funding are addressed: what type of activity qualified as scientific research; how acceptance of commercial funding affects tax-exempt status; and when the receipt of such funding generates a liability for tax on unrelated business income.…

Examines the case of Stern v. Sibley Memorial Hospital, in which hospital patients alleged trustees conspired to enrich themselves and financial institutions with which they were affiliated by favoring them in hospital financial dealings. Discusses two statutory approaches, those of the Revised Model Nonprofit Corporation Act and the Revised Model…