4.8 The University of Iowa Research Foundation

The University of Iowa Research Foundation is tax exempt from federal income taxes under the provisions of Section 501(c)(3) of the Internal Revenue Code of 1954. It was organized for the purpose of encouraging and assisting investigation, research, and education at The University of Iowa. This is accomplished by obtaining and managing proprietary right in copyrights, patents, and licenses and by assisting in the commercial development of these technologies.