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It’s a 501c3. At the very least, the IRS believes that it serves a public good.
by paulgb 3y ago
It’s a 501c3. At the very least, the IRS believes that it serves a public good.
- nonethewiser 3y agoIts a private institution and a 501c3. I believe you are saying it benefits from federal tax savings. Please clarify if you mean something else but in any case being a 501c3 doesnt make their education services a public good. Subject to additional compliance for receiving federal money, absolutely.
- paulgb 3y agoBeing a 501c3 educational institution requires that “the services provided by the organization are available to the general public.” It’s a private institution as you say, but it’s a private institution that benefits from a particular tax status in exchange for serving the public good. https://www.law.cornell.edu/uscode/text/26/501#k https://www.law.cornell.edu/uscode/text/26/501#k