Scholarship granting organization
The term “scholarship granting organization” means any organization—
(A) which— (i) is described in section 501(c)(3) and exempt from tax under section 501(a), and (ii) is not a private foundation,
(B) which prevents the co-mingling of qualified contributions with other amounts by maintaining one or more separate accounts exclusively for qualified contributions,
(C) which satisfies the requirements of subsection (d), and
(D) which is included on the list submitted for the applicable covered State under subsection (g) for the applicable year.
(A)#
which—
(i) is described in section 501(c)(3) and exempt from tax under section 501(a), and
(ii) is not a private foundation,
(A)(i)#
is described in section 501(c)(3) and exempt from tax under section 501(a), and
(A)(ii)#
is not a private foundation,
(B)#
which prevents the co-mingling of qualified contributions with other amounts by maintaining one or more separate accounts exclusively for qualified contributions,
(C)#
which satisfies the requirements of subsection (d), and
(D)#
which is included on the list submitted for the applicable covered State under subsection (g) for the applicable year.