...the term "unrelated trade, business or other activity" means any trade, business or other activity" the conduct of which is not substantially related to the exercise or performance by such educational institution of its educational purpose or function. A private educational institution is...

...(7), and (14), except churches. That change in the statute made the corporate income tax applicable to their income derived from a trade or business the...exercise or performance by such organization of its charitable, educational, or other purpose or function constituting the basis for its exemption under...

...generally engaged in the marts of trade. Tliis position is substantiated by the fact that in the Revenue 'Act of 1950 the Congress recognized that certain...the provisions of section 501 (c) (2), (3), (5), and (6). Our purpose here today is to ask that this same principle of taxation be applied to organizations...

...A private foundation, as defined in section 509(a) of the Internal Revenue Code of 1954, carries on a trade or business the conduct of which is not substantially related to the exercise or performance of the foundation's exempt purpose. However, substantially all of the work in carrying on such trade...

...program. Section 513 (a) of the Code provides that the term "unrelated trade or business" means any trade or business the conduct of which is not substantially related to an organization's performance of its exempt purpose or function, aside from its need for income or...

...which are restored by an organization and leased to commercial establishments, is an activity which is r in the educational purpose within the meaning of section 513 of the Code. See Rev. Rul. 7747, page 157. Section...

...carrying on of such trade or business." "Unrelated trade or business," in turn, is defined as "any trade or business the conduct of which is not substantially...exercise or performance by such organization of its charitable, educational, or other purpose or function constituting the basis for its exemption." Sec....

..."unrelated business taxable income." The latter term is defined in section 513 (a) as meaning — any trade or business the conduct of which is not substantially...exercise or performance by such organization of its charitable, educational, or other purpose or function constituting the basis for Its exemption •...

...carried on by the exempt association. Sec. 512(a)(l). An unrelated trade or business is defined as a trade or business, the conduct of which is not substantially related to the exercise or performance of the exempt organization's purpose. Sec. 513(a). Accordingly, an exempt association's activity is...

...an unrelated trade or business, less certain allowable deductions. An unrelated trade or business is a trade or business the conduct of which is not substantially related to the performance by the organization of its exempt functions. Section 1305 of the Tax Reform Act of 1976...