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Estimated income can be calculated by using the original gift amount and multiplying by 5.25% which is the University’s long–term targeted spending rate...
Yale University Cash Transactions - Reporting Procedures Generally, the University is required to report to the IRS the receipt of cash in excess of $10,000 in...
REPORTING CASH TRANSACTIONS OVER $10,000 General Rule For Reporting Cash Receipts The Internal Revenue Code (IRC) provides that any person who, in the course...
To: Payer of Cash 1 to Yale University Re: Cash Transaction Reporting Requirement Pursuant to rules and regulations prescribed by the Internal Revenue Service...