HomeMy WebLinkAboutUC-Santa Barbara Forecast Project9/29
Economic Development Fund
Discretionary Grant Program
Organization: UC -Santa Barbara Economic Forecast Project (UCSB-EFP)
Organization Description: The Economic Forecast Project was developed by the
Economics Department at UC -Santa Barbara in 1981 to provide the community with
economic, demographic and regional business trends. Currently, they are producing
quarterly economic forecasts for the United States, California, regions of California and
several cities in California. This will be the first year such a project will be undertaken in
Oregon.
Project Name: Economic Forecast Project
Project Description: UCSB-EFP will use its regional forecasting expertise to provide
economic models and forecasts for the state of Oregon and the Central Oregon region.
The Portland State University Economics Department will be a partner in the project by
providing data, local knowledge and research relating to timely topics. Upon completion
of the forecast, it can be presented to the community in November 2008.
Project Period: July - December 2008 (Research and Presentation of Findings)
Amount of Request: $3,000 (Total cost of the project = $50,000, UC -Santa Barbara
$35,000, Portland State $15,000)
Previous Grants: None
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UCSB-EFP PAGE 02/10
Deschutes County Board of Commissioners
1300 NW Wall St., Bend, OR 97701-1960
(541) 388-6570 - Fax (541) 385-3202 - www.descbutes.oya
DESCHUTES COUNTY ECONOMIC DEVELOFT ENT FUND
DISCRETIONARY GRANT PROGRAM APPLICATION
Direct Application to:
Commissioner Tammy Baney
Commissioner Dentals R, Luke
Date:
a lls lot
Project Name:
Project Beginning Date:
Amount of Request:
Commissioner Michael M. Daly
All Three Commissioners
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Applicant/Organizatlon:
Address:
Project End Date:
Date Funds Needed:
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Contact Name(s):
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On a separate sheet, please briefly answer the following questions:
1. Describe the applicant organization, including its purpose, leadership structure, and activities.
2. Describe the proposed project or activity.
3. Provide a timeline for completing the proposed project or activity.
4. Explain how the proposed project or activity willimpact the community's econozaic health.
5. Identify the specific communities or groups that will benefit..
6. Itemize anticipated expenditures*. Describe how grant funds will be used and include the
source and amounts of matching funds or in-kind contributions, if any. Tithe grant will
support an ongoing activity, explain, how it will be funded in the future.
Attach:
Proof of the applicant organization's non-profit status.
' Applicant may be contacted during the review process and asked to provide a complete line item budget.
Amount Approved: By:
Date:
Declined: By: Date:
09/15/2008 11:10 8058932754
UCSB-EFP
DESCHLJTES COUNTY ECONOMIC DEVELOPMENT FUND
DISCRETIONARY GRANT PROBGRAM APPLICATIONS
Supplemental Questions
1. Describe the applicant organization, including its purpose, leadership structure,
and activities.
The prime participant is the University of California Santa Barbara (UCSB), a
major research university headed by a board of regents appointed by the Governor
of California. The UCSB Economic Forecast Project (UCSB-EFP) will perform
the work. This self-funded research unit at UCSB has beenforecasting regional
economies for over 25 years.
The UCSB-EFP will use its regional forecasting expertise to provide economic
models and forecasts of Oregon and Central Oregon.
The Portland State University Economics Department (PSU) will be a partner in
the project. This department is a highly respected department of one of Oregon's
premier universities. The department will be providing data, local knowledge,
and research of timely topics.
2. Describe the proposed project or activity.
Provide annual Central Oregon economic forecasts. These forecasts will
necessarily include United States, Oregon, and. Central Oregon data and forecasts-
Thc forecasts will be presented to the community at an annual event at an
appropriate facility. The forecasts will be comprehensive, detailed, topical,
current, and understandable.
3. Provide a timeline for completing the proposed project or activity.
Research, data collection, and model development have already begun at UCSB
and Portland State. We anticipate presenting the first annual Central Oregon
Economic Forecast in November 2008.
4. Explain how the proposedproject or activity will impact the community's
economic health.
It is tautological that informed decisions and plans cannot be made without
information. The Central Oregon Economic Forecast will provide
comprehensive, detailed, topical, current, and understandable economic and
demographic information and forecasts. The information and forecasts willhelp
policy makers, businesses, community leaders, and citizens make better, more
informed, decisions and plans.
PAGE 03/10
09/15/2008 11:10 8058932754 UCSB-EFP
5. Identify the specific communities or groups that will benefit.
Policy makers, businesses, community leaders, and citizens will benefit from the
Central Oregon Economic Forecast.
6. Itemize anticipated expenditures. Describe how grant funds will be used and
include the source and amounts of matching funds or in-kind contributions, if any.
If the grant will support an ongoing activity, explain how .it will be funded in the
future.
Total cost of the project is $50,000. This is split $35.000 to the UCSb-EFP and
$15,000 to PSU. These funds .include data purchases, collection, cleaning,
normalization and the like; regional and topical economic research; model
development and model runs; travel; and event costs.
Other funds and future funds will come from the community. Continued
community sponsorship will. both certify the value of the Central Oregon
Economic Forecast and ensure that it will continue to inform policy makers.
businesses, community leaders, and citizens.
PAGE 04/10
09/15/2008 11:10 8058932754
UCSB-EFP
AF P D.A V I 't
STATL• OP CALIFORNIA ) •
as
)
COUIri'f OF ALAlt1DA
ROBERT. C. FIELO,• Amaictant Counatrl of The Regents
of the Univcreity of California, being first duly oworn,
depeees:
That by letter dated September 141939,• a photo-'
copy or which Ls attached as Appendix A, the United Statue
Treaouty Department found that The ReFantn, of the University
of California and It: constituent cchoola yore exempt from
income taxation under acetion 101(6) or the Internal Revenue
Code of 1939; that maid ruling has clever been revolted or
reacindcd by the United States Tree:wry Department and
continues in full force and effect.
That tate University of California wac'eatabli hod
as a Otntc University under the control of The Regents or
the Urtivereity of California by act of the Cn11rornin
Lecieluturc (;;t:>,tm. 1CG?-50, ch. CC::IV) approved t,larch
23, 136:3; that by virtue of the provisions of Article IX,
Section 9 of the califot-rl4 Conititution (adopted in 1679
and amended In 1918) the University of California constitutes
a public trust adminintere.1 by the corporation 'known as
The Rcgcnto of the Univermity of California; that property
held by The Refento or the Univcroity of California is
State property and exempt Crom property taxation under
the tonna of Articic XIII, Section 1 of the California
ConatitutIon, the pertirte t provialona or:which arc act
forth in Appendix 3.
Lubsct•ibcd and ::mord to before mo
thin 15th day of July, 1963
! ' L,L4; A 1
of :;tate uC ealtt'orata
Ry
PAGE 05/10
09/15/2008 11:10 8058932754 UCSB-EFP PAGE 06/10
41.8(2)
COPY
TREASURY DEPART1' NT
Nasbiegton
Office of
Commissioner of Internal Revenue
Address Reply to SEP 14 1939
Commissioner of Internal Revenue
and refer to
IT:P:T:1
CO
The Regents of the University of California,
Berkeley, California.
Attention: Luther A. Nichols,
Comptroller.
Sirs:
Reference is made to the information furnished by you for use
in determining your status for Federal income tax purposes. The
question of your exemption arose inconnection with the Wilmerding
school of Industrial Art, San Francisco, California.
The evidence discloses that you are the regularly constituted
state university of the State of California created by a state
legislative act in 1868; that you are engaged in educational ac-
tivities; that your income is derived from investments, endowments,
tuition, and miscellaneous sources; and that your income is used to
defray general maintenance and operating expenses. The Wilmerding
School of Industrial Art is under your control and is administered
as a preparatory school and junior college.
It appears that you and your constituent schools are entitled
to exemption under the provisions of section 101(6) of the Revenue
Act of 1938 and the corresponding provisions of prior revenue acts.
You are not, therefore, required to file returns for 1938 and prior
years. Inasmuch as section 101(6) of Internal Revenue Code (53 Stat.,
Part 1) is similar to section 101(6) 'of the Revenue Act of 1938,
returns of income will not be required for 1939 and subsequent years
so long as there is no change in your organization, your purposes or
your method of operation.
Any changes in your form of organization or method of operation,
as shown by the evidence submitted, must be immediately reported to
the collector of internal revenue for your district in order Haat
the effect of such changes upon your present exempt status may be
determined.
The exemption referred to in this letter does not apply to
taxes levied under other titles or provisions of the Revenue Act Of
09/15/2008 11:10 8058932754
-2.
UCSB-EFP
The Regents of the University of California.
PAGE 07/10
A1.8(3)
1938 and the corresponding provisions of prior revenue acts, or the
Internal Revenue Code except insofar as exemption is granted ex-
pressly under these provisions to organizations enumerated in rec-
tion 101(6) of -the Revenue Act.of 1938 and the corresponding pro-
visions of prior revenue acts or in section 101 of the Internal
Revenue Code.
Contributions made to you by individual donors are deductible
by such individuals in arriving at their taxable net income in the
manner and to the extent provided by section 23 (o) of the Revenue
Act of 1938 and the corresponding provisions of prior revenue acts,
section 23(o) of internal Revenue Code and section 23(o) of Internal
Revenue Code as amended by section 224 of the Revenue Act of 1939.
The deductibility of contributions by corporations is governed by
section 23(q) of the Revenue Acts of 1936 and 1938, section 23(q)
of Internal Revenue .Code and section 23 (q) of Internal Revenue Code
as amended by section 224 of the Revenue Act of 1939.:
A copy of this letter is being transmitted to the collector of
internal revenue for your district.
By direction of the Commissioner.
Respectfully,
F. MOONEY
Deputy.Commissioner.
09/15/2008 11:10 8058932754
Interni Revenue Service
District
Director
0 Te Regents of the University
of California
t/o The Office of, the General
Counsel
590 University Hall
2200 University Avenue
Berkeley, CA 94720
Rs:
Request for Confirmation of Emempt
Status under Section 501(e)(3) of
the Internal Revenue Code of 19.54
Dear Regents:
This is in reference
of the exempt status
section 501(0(3) of
UCSB-EFP
PAGE 08/10
Department or the Treasury k1.8(4)
450 GOtden Gets Avi.
San Francisco, Calif. 94102
Person to ContiCt:
Desk Officer
Talaphone Number:
(413) 556-5353
Refer Reply to:
SP/f0:1
Date:
8 SEP 1982
to your letter of July 13, 1932 requesting confirmation
of The Regents of the University of California under,
the Internal Raveaue Code of 1954.
In our letter of September 14, 1939, Code IT:P:T:1 0Q,
you were entitled co exemption under the provisions of section 101(6) of
chi Revenue Act of 1938.
iC was held that
A determination or ruling letter issued to an organization granting
exemption under the Internal Revenue Code of 1954 or under a prior or
subsequent Revenue Act remains in effect until exempt status has been
terminated, revoked or modified,
Our records indicate that you are the regularly constituted state university
of the State of California originally created by a state legislature act of
1865; that you are engaged in educational activities; that your income is
derived from investments, endowments, tuition, and miscellaneous sources;
and that your income is used in furtherance of your educational activities.
In addition, it appears from our records (including the information submitted
with your letter of July 13, 19S2), that there has been no change in your
organization's exempt status. Accordingly, our letter of September 14, 1939
is still in effect. This letter does not constitute a no change examination
letter.
Because section 501(c)(3) of the Internal Revenue Code of 1954 was derived
from and continues, without substaucive change, the language of section
101(3) of the Revenue act of 1038 01939 Code") and because our letter of
Sapccmb,:t 14, 1939 is still in effect, it appears that you and your
constituent units are entitled to exemption as an organizacion.th scribzd
in section 501(.:)(3) of the 1954 Code.
Donors may deuuct cuncribucion& to you as provided in section•17U of the
Incurnal R venue Coda of 1954 (formerly section 23 (0) of t)t,t Internal
09/15/2008 11:10 8058932754
UCSB-EFP
-2-
Tht Regents of the University of Califotteia
Revenue Code of 1938). .bequests, legacies, devises, transfers,, or gifts
to you or for your use are deductible for Federal estate and gift tax
purposes as provided in the applicable provisions of sections 2055, 2108,
and 2522 of the Internal Revenue Code of 1954.
You are not required to file Form 990, Return of Organisation Exempt from
Incoee 'fax, because you are a State institution, the income of which is
excluded from gross income under section 115(a) of the Internal Revenue
Code of 1954.
You are not required to file Federal income tax returns unless you are
subject co chs tax on unrelated business income under section 511 of the
Code. If you are subject co this tax, you west file an income tax return
on Form 990-T. This office has not been asked co consider and therefore,
ie this letter, we are not determining whether any of your present or
proposed activities are unrelated trade or business as defined in section
513 of the Internal Revenue Code of 1954.
because this letter could help resolve any questions about your exempt
status, you should keep it in your permanent records.
If you have any questions, please contact the person whose name and
telephone are shown in the 'heading of this letter.
Sincerely,
District Director
PAGE 09/10
09/15/2008 11:10 8058932754
UCSB-EFP
PAGE 10/10
TapazITZDVFA tr.r.L rr
Internal Revenue Service
Dor � ., ...... .
S 1 KCV Rf! 1 T:HS:EO=R:1:3
DO 94 The Regents of the University
of California
Suite 689, University Hall
2100 University Averi4e
Berkeley, California 94720
Gentlemen:
Based on the information you submitted. we have Classified
you as an organization that is not a private foundation as
defined in section 5O9(a)(1) of the Internal Revenue Code.
Your classification is based on the assumption that
your operations will be as stated in your notification.
Any changes in your purposes, character, or method of operation
must be reported to your District Director, San Francisco,
which is your key district for exempt organization matters:
We are notifying your key District Director of this
action.
Sincerely yours,
Milton Cerny
Chief, Rulin a Section i
Exempt Organizations Branch
09/15/2008 11:10 8058932754
UCSB-EFP
UCSB ECONOMIC FORECAST PROJECT
INSTITUTIONAL ADVANCEMENT, MAIL CODE 3195
UNIVERSITY OF CALIFORNIA
SANTA BARBARA, CA 93106-3195
(805) 893-5148 PHONE
(805) 893-2754 FAX
jane.d onnellan@ucsb-efp.cotn
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