UBIT is intended to ensure that exempt organizations pay their share of taxes on income derived from business activities that are unrelated to their exempt purpose. Three elements must be present in order for an activity conducted by a college or university to be treated as a UBIT activity. The activity must be (1)a trade or business, (2)regularly carried on, and (3)not substantially related to the school's exempt educational purposes. Colleges and universities undertake numerous activities that are subject to UBIT. Examples include: coaches' summer camps, renting performance halls and providing related services to non-university users, dormitory rentals to non-university users, renting a Religion Center to non-university users, rental of recreational facilities to non-university users, providing travel tours to alumni, etc.....