Exempt organization panel requests examples of joint ventures.
The Exempt Organization Taxation Technical Resource Panel is
preparing an Information Letter Request to the Internal Revenue Service
containing examples of ancillary joint ventures between tax-exempt
organizations and for-profit investors that would not jeopardize the
organization's exempt status. We are developing scenarios that
illustrate situations not covered by the two extreme examples provided
in Rev. Rul. 98-15. In addition, we will suggest that the IRS address
whether or not each joint venture described would generate unrelated
business income to the tax-exempt organization. Members are encouraged
to e-mail examples of such joint ventures, as well as their suggested
tax treatment, to firstname.lastname@example.org by Nov. 15, 2002.