Unrelated Business Income

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Unrelated Business Income

Income a nonprofit organization produces on a regular basis from a trade or business that is not connected to its ordinary operations. For example, a charity may sell t-shirts at a profit to the general public. While there are a number of exemptions, the IRS taxes unrelated business income at ordinary corporate tax rates.
References in periodicals archive ?
Assistant Provincial Agriculturist Larry Pamugas told Manila Bulletin on Monday the Bohol Ubi Growers Association (Buga) is once again proposing the rescheduling of the Ubi Festival, asking the provincial board to formalize the change through an ordinance.
More than six in 10 self-described Democrats (65%), as one example, say they would support a UBI program, compared with slightly more than one in four (28%) Republicans.
But UBI also has some unlikely supporters, most prominent among them the neoliberal Adam Smith Institute - Sam Bowman, the thinktank's executive director, wrote in 2013: "The ideal welfare system is a basic income, replacing the existing anti-poverty programmes the government carries out.
DriveSync platform-enabled insurance solutions and services include UBI, claims management, event reconstruction, incident detection, driver coaching, scoring and analytics.
The UBI concept has advanced significantly since its introduction.
Boholanos consider ubi a sacred crop, the only type of food mentioned in the provincial anthem Bohol Hymn.
The other important benefit to taking a discount-only approach to UBI is that it helps drive consumer acceptance.
Under the agreement, Aviva SpA will also divest its minority equity investments in three of UBI Banca's subsidiary banks to UBI.
With this combination of HIMEX's UBI 3D game-based platform with Sprint's wireless data network and M2M network infrastructure, HIMEX is expected to now be able to deliver insurance organisations the most effective UBI solution available with the highest level of customer service and support.
The bank said it would invest total of USD200m (EUR160m) in its new unit, UBI UK Ltd, in several stages as it grows its local franchise.
While the pricing model and fairness principle of UBI to treat customers as individuals and have them pay for the risks they are actually taking instead of premiums depending on inaccurate proxies such as age and gender is gaining acceptance, it remains to be seen whether established insurance companies will back a more open, transparent approach as it relates to data collection and sharing which might slow down the uptake of UBI considerably, the research firm said.
Morgan will support UBI in the issuance of Asia-bound LCs.