Nonprofit Opportunity for Free Distance Learning: IRS Releases Interim Report on College and University Compliance Project

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Several weeks ago the IRS released an interim report on the College and Universities Compliance Project ("Project"), which it launched a year and half ago. The Project focuses on college and university compliance in several areas: (1) unrelated business taxable income; (2) investment, management, and use of endowment funds; and (3) executive compensation practices. Additionally, the Project evaluates governing board oversight of these issues.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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