applicable educational institution
Defined in 1 place of the United States Code.
For purposes of this subchapter, the term “applicable educational institution” means an eligible educational institution (as defined in section 25A(f)(2))—
(1) which had at least 3,000 tuition-paying students during the preceding taxable year,
(2) more than 50 percent of the tuition-paying students of which are located in the United States,
(3) the student adjusted endowment of which is at least $500,000, and
(4) which is not described in the first sentence of section 511(a)(2)(B) (relating to State colleges and universities).
Source
- 2026–present26 U.S.C. § 4968Internal Revenue Code · Excise tax based on investment income of private colleges and universities · for purposes of this subchapter
The term "applicable educational institution" means an eligible educational institution (as defined in section 25A(f)(2))—
(A) which had at least 500 students during the preceding taxable year,
(B) more than 50 percent of the students of which are located in the United States,
(C) which is not described in the first sentence of section 511(a)(2)(B) (relating to State colleges and universities), and
(D) the aggregate fair market value of the assets of which at the end of the preceding taxable year (other than those assets which are used directly in carrying out the institution's exempt purpose) is at least $500,000 per student of the institution.
Source
- 2017–201826 U.S.C. § 4968Internal Revenue Code · Excise tax based on investment income of private colleges and universities · for purposes of this subchapter
The term "applicable educational institution" means an eligible educational institution (as defined in section 25A(f)(2))—
(A) which had at least 500 tuition-paying students during the preceding taxable year,
(B) more than 50 percent of the tuition-paying students of which are located in the United States,
(C) which is not described in the first sentence of section 511(a)(2)(B) (relating to State colleges and universities), and
(D) the aggregate fair market value of the assets of which at the end of the preceding taxable year (other than those assets which are used directly in carrying out the institution's exempt purpose) is at least $500,000 per student of the institution.
Source
- 2018–202626 U.S.C. § 4968Internal Revenue Code · Excise tax based on investment income of private colleges and universities · for purposes of this subchapter