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which an extensive brief has been filed with IRS, is not likely to be resolved at an early date since IRS is auditing a number of other non-profit organization throughout the country in an attempt to establish clearer museum shop "relatedness" standards.  It is not currently possible to estimate the Institution's potential tax liability in this area. 

While the ruling just received from IRS appears to be quite favorable, it is recommended that the current reserves be maintained until all outstanding tax issues are resolved; at that point, any funds not needed for payment of a tax liability can, with the concurrence of the Regents, be redirected to other Institutional needs.

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