B.7. The Regents' Tax-Exempt Status
     January 1989

Development Policy and Administration Manual 
Chapter I. Soliciting and Accepting Private Funds
Section B. Soliciting, Accepting, and Acknowledging Gifts      
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                      THE REGENTS' TAX-EXEMPT STATUS


From time to time donors require confirmation of The Regents'
tax-exempt status before making contributions.  In order to
fulfill this need, General Counsel has suggested that such donors
be provided with copies of the letters from the Department of the
Treasury that appear on the Manual pages immediately following.

The letter dated September 14, 1939 confirms The Regents' tax-
exemption under section 101(6) of the Internal Revenue Code that
was then in effect.  The letter dated September 8, 1982 confirms
the 1939 exemption under section 50l(c)(3) of the revised Inter-
nal Revenue Code.  Together, these two letters should satisfy any
question of The Regents' tax-exempt status.

The letter dated November 23, 1973 confirms that The Regents are
not a private foundation as defined in section 509(a)(1) of the
Internal Revenue Code.  Because donors who are private founda-
tions are required to exercise special control over gifts to
other private foundations, this information may occasionally be
requested by such donors.

As agents of the State, The Regents are not subject to State
taxation, and gifts to The Regents are deductible for State
income tax purposes.

Despite their tax-exempt status, The Regents are sometimes asked
to furnish a tax identification number; that number is
94-6002123.