Fee Exempt Proof

0319-EX-ST-2008 Text Documents

Regents of the University of California

2008-07-17ELS_91976

MAK—10—2004 1S5:3G 510 987 0Y12 snietnat Atvernmmsy y—1 510 987 gaiz P.02 > * District 450 Goiden Gate Ave. Director San Franciseo, Calit 94102 Person to Contact: A o »® The Regents of the University Desk Officer feceiyen SEP 10 :: ap of California Telephone Number: c/o The Office of the Ceneral (415) 556—5253 GrFice or Counsel Refer Reply to: ThE CECAAl 590 University Hall EP/EO:L SuNSE 2200 University Avenue . Cate: Berkeley, CA 94720 8 SEP 19827 Re: Request for Confirmation of Exempt Status under Section 5Q0l(c)(3) of the Internal Revenue Code of 1954 Dear Regents: This is in reference to your letter of July 13, 1982 requesting confirmation of the exempt status of The Regents of the University of California under section 50i1(c)(3) of the Internal Revenue Code of 1954. In our letter of September 14, 1939, Code IT:P:T:Ll CQ, it was held that you were entitled to exemption under the provisions of section 101(6) of the Revenue Act of 1938. A determination or ruling letter issued to an organization granting exemption under the Internal Revenue Code of 1954 or under a prior or subsequenat Revenue Act remains in effect until exempt status has been _terminated, revoked or modified. Our records indicate that you are the regularly constituted state university of the State of California originally created by a state legislature act of 1868; that you are engaged in educational activities; that your income is derived from investments, endowments, tuition, and miscellancous sources; and that your income is used in furtherance of your educstional activities. In addition, it appears from our records (*acludxnv the.information submitted with your letter of July 13, 1982), that there has been no. change in your organization‘s exempt status. Accordingly, our letter of September 14, 1939 is still in effect. This letter does not constitute a no change examination <7j letter . Because section 501(c)(3) of the Internal Revenue Code of 1954 was derived from and continues, without substantive change, the language of section 101(6) of the Revenue Act of 1938 ("1939 Code") and because our letter of September 14, 1939 is still in effect, it appears that you and your constituent units are entitled to exemption as an organization described in section 5O0l(c)(3) of the 1954 Code. Donors may deduct contributions to you as provided in section 170 of the Internal Revenue Code of 1954 (formerly section 23(0) of the Internal

MHK—14—2004 1539 510 987 d12 2+ 5i0 987 go1i2 P.0@3 —~2~ The Regents of the Universirty of California / Revenue Code of 1938). Bequests, legacies, devises, transfers, or gifts to you or for your use are deductible for Federal estate and gift tax purposes as provided in the applicable provisions of sections 2055, 2106, and 2522 of the Internal Revenue Code of 1954. You are not required to file Form 990, Return of Organization Exempt from Income Tax, because you are a State instituCtion, the income of which is excluded from gross income under section l15(a) of the Internal Revenue Code of 1954. ' — You are not required to file Federal income tax returns unless you are subject to the tax on unrelated business income under section 511 of the Code. If you are subject to this tax, you must file an income tax return on Form 990—T. This office has not been asked to consider and therefore, in this letter, we are not determining whether any of your present or proposed activities are unrelated trade or business as defined in section 513 of the Internal Revenue Code of 1954 . Because this letter could help resolve any questions about your exempt status, you should keep it in your permanent records. If you have any questions, please contact the person whose name and telephone are shown in the heading of this letter. Sincerely, Moche] Sm District Director TOTRL P.03


Document Created: 2019-02-17 13:41:18
Document Modified: 2019-02-17 13:41:18
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