Travel tours organized and carried out by University of Georgia employees with revenue processed through The UGA Foundation are subject to this policy.
Travel tours must be shown to further the mission of the University (education, research, outreach); otherwise, they may be considered unrelated business by the IRS and subjected to Unrelated Business Income Tax (UBIT). In order to avoid UBIT and maintain the tax-exempt status of The UGA Foundation, any such tour must prove to be primarily educational in nature. The UGA Foundation will not receive revenue resulting from a tour that is primarily recreational.
If a gift component is to be included in a tour's registration fee, then the gift value is any amount paid over and above the value of the tour. In these cases, tour registration materials should include this statement: The value of participation in this tour is $XX.XX per person, and any additional amount paid will be considered a charitable gift and may be tax-deductible.
Note regarding policy exemption: Tours organized and carried out by a third party without involvement of University staff or faculty is exempt from this policy, where any revenue received by The UGA Foundation is in the form of a royalty payment. In these cases, royalty payments are made for access to mailing lists or for other rights and are not subject to UBIT. See the Non-Gift Revenue (Other Income) policy for more details regarding royalty payments.