student adjusted endowment
Defined in 1 place of the United States Code.
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.
Source
- 2026–present26 U.S.C. § 4968Internal Revenue Code · Excise tax based on investment income of private colleges and universities · for purposes of this section