student adjusted endowment
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 4968 — for purposes of this section
For purposes of this section, the term “student adjusted endowment” means, with respect to any institution for any taxable year—
(1) the aggregate fair market value of the assets of such institution (determined as of the end of the preceding taxable year), other than those assets which are used directly in carrying out the institution’s exempt purpose, divided by
(2) the number of students of such institution.