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Use of a University's Property by a For Profit Corporation

 
 
gollum
 
Reply Sun 12 Feb, 2012 01:32 pm
A university near where I live allows a for-profit corporation to sell personal computers and related equipment from its school building during frequent "Computer & Electronics Fairs." I presume the for-profit corporation pays the university for allow it to do business from the university's location.

As a non-profit institution, the university presumably does not pay real estate taxes. Can it keep the money from the for-profit corporation while keeping its tax exemption?

Does the university have to pay income tax on the money it gets from the for-profit corporation?
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PUNKEY
 
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Reply Sun 12 Feb, 2012 01:50 pm
Non profits with IRS designation ( charity or educational,) CAN operate for profit programs IF the "business" is related to the mission of the organization. Your campus bookstore is an example.
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