Joint Ventures Involving Tax-Exempt Organizations, 4th Edition

CHAPTER 1Introduction: Joint Ventures Involving Exempt Organizations

1. § 1.4 University Joint Ventures
2. § 1.5 Low-Income Housing and New Markets Tax Credit Joint Ventures
3. § 1.6 Conservation Joint Ventures
4. § 1.8 Rev. Rul. 98-15 and Joint Venture Structure
5. § 1.10 Ancillary Joint Ventures: Rev. Rul. 2004-51
6. § 1.14 The Exempt Organization as a Lender or Ground Lessor
7. § 1.15 Partnership Taxation
8. § 1.17 Use of a Subsidiary as a Participant in a Joint Venture
9. § 1.22 Limitation on Private Foundation's Activities That Limit Excess Business Holdings
10. § 1.24 Other Developments (Revised)

§ 1.4 UNIVERSITY JOINT VENTURES

p. 11. Add the following new paragraph at the end of this section:

There is continued congressional focus on university endowments in light of the soaring cost of tuition and the perceived relatively low rate of financial assistance provided by colleges and universities with substantial endowments. See Chapter 14 for a discussion on policy changes that are being proposed, including imposing an annual payout requirement on endowment funds, among others.

§ 1.5 LOW-INCOME HOUSING AND NEW MARKETS TAX CREDIT JOINT VENTURES

pp. 13–14. Delete the last paragraph on p. 13 and replace with the following:

The CDFI Fund has made 1,254 allocation awards totaling $61 billion in allocation authority since the NMTC Program's inception. Since inception through FY 2019, CDEs have disbursed a total of $52.5 billion in QEI proceeds to low-income community businesses (QALICBs).

§ 1.6 CONSERVATION ...