Kent State University Federal Tax Status
Federal Tax Status
Kent State University is an instrumentality of the State of Ohio qualified for tax-exempt status under Section 115 of the Internal Revenue Code (IRC). Kent State is not required to have a determination letter because Section 115 provides statutory exemption. Section 115 also provides an exemption from filing IRS Form 990.
Kent State is able to issue tax-exempt debt to fund various capital projects, including land and building improvements.
Contributions to Kent State
A contribution to Kent State University is generally deductible as a charitable contribution under IRC 170.