Your private foundation could be subject to unrelated business income tax (UBIT)—even if it’s otherwise exempt from income tax under Internal Revenue Code Section 501(c)(3). Income from certain investments or other activities could result in UBIT and additional filing requirements.

Discover what your private foundation needs to know about UBIT in our on-demand webcast. Specific topics we’ll address include:

• Three factors to determine what qualifies as an unrelated trade or business
• Exclusions from unrelated trade or business income
• Unrelated business income reporting
• Nuances of debt financed income
• Separate reporting of unrelated business activities

Colleen Ramires, Senior Manager, Moss Adams

Colleen has practiced public accounting since 2008. She provides tax planning, research, and compliance services to not-for-profit entities in health care services, social services, and the arts, as well as private and public foundations. Her expertise includes Affordable Care Act compliance; unrelated business income; private foundation requirements; employee benefit reporting; and exempt status structuring, application, and maintenance.

Patty Mayer, CPA, Director, Moss Adams

Patty has practiced public accounting since 1984. She provides tax and related tax planning services with an emphasis on not-for-profit and Tribal organizations. Patty works predominately with public charities, private foundations, and Tribal organizations. She is a leader of our Southern California not-for-profit tax practice and a member of our Not-for-Profit Tax Committee.