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). Tax-exempts under Section 115, such as Kent State, are not required to have a determination letter since they are exempt by statutory law.
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.