The document outlines the tax implications and conditions related to the sale of interests in the Georgetown University Endowment's Access Fund. It discusses capital gains or losses, tax basis adjustments, and limitations on the deductibility of interest expenses for non-corporate taxpayers. The document also mentions the potential termination of the Access Fund for U.S. federal income tax purposes if 50% or more of the interests are sold within a twelve-month period.
doj/DataSet10/EFTA01389301.pdf
{"document_type":"financial","document_subtype":"Endowment Sale Agreement","key_organizations":["Georgetown University","Access Fund"],"reference_numbers":["DB-SDNY-0093656","SDNY_GM_00239840","EFTA01389301"]}