Unrelated Trade or Business definition

Unrelated Trade or Business means any trade or business whose conduct is not substantially related to the exercise or performance by a nonprofit corporation of the purposes or functions constituting the basis for exemption under Section 501(c)(3) of the Code.

Unrelated Trade or Business means an activity that constitutes an “unrelated trade or business” within the meaning of Section 513(a) of the Code, without regard to whether such activity results in unrelated trade or business income subject to taxation under Section 511 of the Code.

Unrelated Trade or Business means a Trade or Business of a 501(c)(3) Organization that is an unrelated trade or business (determined by applying Section 513(a) of the Code) of such 501(c)(3) Organization.

Examples of Unrelated Trade or Business in a sentence

• Fundraising events do not include the following: • Activities substantially related to the accomplishment of the CSU’s educational purpose, including such activities that receive sponsorship.• Unrelated trade or business activities that generate fees for service.• Fundraising solicitations and related prospecting activities intended to generate only a contribution (no purchase of goods or services).• Raffles in which the prizes have only a nominal value and do not require reporting as taxable income.

• Unrelated trade or business does not apply when substantially all of the work is performed by a worker who is not compensated (a volunteer).Example: A gift shop operated by an exempt orphanage where all of the clerks are volunteers would not be considered an unrelated trade or business even though the operation does not contribute importantly to any exempt purpose or function of the orphanage.

• Unrelated trade or business income is the gross income derived from any trade or business (defined on page 3) that is regularly carried on, and not substantially related to (defined on page 3), thecosting $7.60 or less by an organization described in section 501 and contributions to which are deductible under section 170(c)(2) or (3) if the distribution is incidental to the solicitation of charitable contributions; or301.7701-3, is treated as a branch or organization’s exempt purpose or function 10.

• Fundraising events do not include the following:  Activities substantially related to the accomplishment of the CSU’s educational purpose, including such activities that receive sponsorship. Unrelated trade or business activities that generate fees for service. Fundraising solicitations and related prospecting activities intended to generate only a contribution (no purchase of goods or services). Raffles in which the prizes have only a nominal value and do not require reporting as taxable income.

• For purposes of this return, report all rental income from an affiliated organization on line 2.C. Unrelated trade or business activities.

More Definitions of Unrelated Trade or Business

Unrelated Trade or Business means any trade or business whose conduct is not substantially related to the exercise or performance by a nonprofit organization of the purposes constituting the basis for exemption under Section 501(c)(3) of the Code.[2007, c. 627, §20 (AMD).]

Unrelated Trade or Business means a Trade or Business of a 501(c)(3) Organization that is an unrelated trade or business (determined by applying Section 513(a) of the Code) of such 501(c)(3)

Unrelated Trade or Business means a Trade or Business of a 501(c)(3) Organization that is an unrelated trade or business (determined by applying Section 513(a) of the Code) of such 501(c)(3) Organization. "U.S. Government Securities Business Day" means any day except for (A) a Saturday or Sunday or (B) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities. "Virginia Code" shall mean the Code of Virginia of 1950, as amended.

Unrelated Trade or Business shall have the meaning set forth in section 513(a) of the Code.

Unrelated Trade or Business means an activity which constitutes an “unrelated trade or business” within the meaning of Code Section 513(a) without regard to whether such activity results in unrelated trade or business income subject to taxation under Code Section 512(a).

Unrelated Trade or Business means a Trade or Business of a 501(c)(3) Organization that

Unrelated Trade or Business means any trade or business that is not related to the exercise or performance by the university carrying on the business activity of its exempt purpose.