Policy Purpose
The objective of this policy is to protect USC’s tax-exempt status in situations in which USC may enter a Joint Venture with one or more parties, ensuring compliance with tax regulations and preserving USC’s nonprofit status. This policy provides guidelines to consider when making decisions about whether USC will enter a Joint Venture. If USC decides to enter a Joint Venture, this policy outlines how it should be structured to protect USC’s tax-exempt status and, if applicable, any property tax exemptions.
Please view policy to access additional details.