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Abstract: 

Alternative investments have become increasingly popular for sophisticated portfolios and that includes those of private foundations. One of the consequences as discussed below is that alternative investments in many instances produce unrelated business income tax (UBIT) in which a tax-exempt entity would be subject to a normal income tax rate for a C corporation (if the entity is a corporation) or trust (if a trust).

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Affiliations:  1: Rothstein Kass.