I have not yet read through all of this 2013 IRS Official ”College and Universities Compliance Project - Final Report”. However, nothing so far talks about tuit

I have not yet read through all of this 2013 IRS Official ”College and Universities Compliance Project - Final Report”. However, nothing so far talks about tuition and 50% attending receiving financial aid. The 50% rule may be based more on 501c(3) spending at least 50% of their income on “their mission”. This seems to be the latest legal reference with regard to colleges and universities retaining 501c(3) status. > Of total endowment distribution, 56 percent were made for scholarships, awards, grants and/or loans in the amount of $3 million. 29 percent of total endowment distributions were made for general university operations in the amount of $3 million. Off-topic: > Half of the systems reported that at least one of its five most highly paid employees received NCAA income. https://www.irs.gov/pub/irs-tege/CUCP_FinalRpt_042513.pdf https://www.irs.gov/pub/irs-tege/CUCP_FinalRpt_042513.pdf