This document is a tax summary related to the Georgetown University Endowment's Access Fund and Underlying Fund, discussing the U.S. federal income tax implications for prospective limited partners. It outlines the expectation that both funds will be treated as partnerships for tax purposes, meaning they will not pay federal income taxes directly, but income or loss will pass through to partners. It also warns of potential reclassification as a corporation, which would change tax obligations. The document advises prospective partners to consult their own tax advisors.
doj/DataSet10/EFTA01389299.pdf
{"document_type":"financial","document_subtype":"tax summary","key_organizations":["Georgetown University Endowment","Access Fund","Underlying Fund"]}