,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #agcb  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #e1 #bjai,mr4    
,wyd5 introduc$ ! foll[+ bill2 :i* 0    
read twice & ref]r$ to ! ,committee on  
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to provide rules =
 ! disall[ance & recapture ( c]ta9      
*>itable contributions to colleges &    
univ]sities1 & = o!r purposes4  #a4     
,%ort title ,?is ,act may be cit$ z !   
,college ,admissions ,fairness ,act4    
#b4 ,treatm5t ( c]ta9 *>itable          
contributions to colleges & univ]sities 
7a7 ,9 g5]al ,section #agj7;f7 ( !      
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new p>agraph3 
7#ai7 ,d5ial ( d$uction & recapture =   
c]ta9 *>itable contributions to colleges
 & univ]sities  7,a7 ,9 g5]al ,9 any    
taxable ye> 9 :i* ! taxpay] is a        
re/rict$ contributor-- 7i7 ! d$uction "u
 subsection 7a7 %all be r$uc$ 7b n bel[ 
z]o7 by ! disall[$ am\nt1 &  7ii7 any   
disall[$ am\nt t exce$s ! am\nt ( !     

r$uction "u clause 7i7 %all be includ$ 9
 ! income ( su* re/rict$ contributor 9  
su* taxable ye>4  7,b7 ,re/rict$        
contributor ,= purposes ( ?is p>agraph1 
! t]m re/rict$ contributor means1 )     
respect to any taxable ye>1 any         
individual-- 7i7 :o made any specifi$   
contribution to a specifi$ college or   
univ]sity or to any relat$ organization 
( su* specifi$ college or univ]sity dur+
 ! applicable p]iod1 &  7ii7 :o has an  
applicable *ild :o is enroll$ at su*    
specifi$ college or univ]sity dur+ su*  
taxable ye>4  7,c7 ,disall[$ am\nt ,=   
purposes ( ?is p>agraph1 ) respect to   
any specifi$ college or univ]sity = any 
taxable ye>1 ! disall[$ am\nt is ! am\nt
 equal to ! excess 7if any7 (--  7i7 !  
am\nt ( specifi$ contributions ( !      
taxpay] to su* specifi$ college or      
univ]sity dur+ ! applicable p]iod1 ov]  
7ii7 ! sum (-- 7,i7 #ajj1jjj1 plus      
7,,ii7 ! aggregate am\nt ( ! r$uctions  
"u subp>agraph 7,a77i7 & inclusions "u  
subp>agraph 7,a77ii7 = all taxable ye>s 

9 ! applicable p]iod prec$+ ! taxable   
ye> = :i* ! det]m9ation is be+ made4    
7,d7 ,specifi$ contribution ,= purposes 
( ?is p>agraph1 ! t]m specifi$          
contribution means1 ) respect to any    
specifi$ college or univ]sity at :i* an 
applicable *ild ( a re/rict$ contributor
 is enroll$ dur+ ! taxable ye>--  7i7   
any contribution = :i* a d$uction is    
all[$ "u ?is section 7or w\ld h be5     
all[$ b = ?is p>agraph or subsection    
7b77 & :i* is made1 directly or         
indirectly1 dur+ ! applicable p]iod to  
su* specifi$ college or univ]sity or to 
any relat$ organization by--  7,i7 !    
re/rict$ contributor1 or  7,,ii7 a      
p>tn]%ip1 corporation1 tru/1 or o!r     
entity = ! b5efit ( or at ! direction ( 
! re/rict$ contributor1  7ii7 any       
contribution :i* is made dur+ !         
applicable p]iod to su* specifi$ college
 or univ]sity or to any relat$          
organization by--  7,i7 a donor advis$  
fund 7z def9$ 9 section #diff7;d77#b77 )
 respect to :i* ! re/rict$ contributor  

is a p]son describ$ 9 section           
#diff7;d77#b77;,a77iii71 or  7,,ii7 a   
private f\ndation ) respect to :i* !    
re/rict$ contributor is a disqualifi$   
p]son 7z def9$ 9 section #didf7;a771 &  
7iii7 any legally b9d+ pl$ge :i* is made
 dur+ ! applicable p]iod to su* specifi$
 college or univ]sity or to any relat$  
organization by a p]son describ$ 9      
clause 7i7 or 7ii74  7,e7 ,applicable   
p]iod ,= purposes ( ?is subsection1 !   
t]m applicable p]iod means1 ) respect to
 any taxable ye>1 ! #f-ye> p]iod end+ ) 
! la/ day ( ! taxable ye>4  7,f7        
,applicable *ild ,= purposes ( ?is      
subsection1 ! t]m applicable *ild means1
 ) respect to any re/rict$ contributor1 
any individual :o be>s a relation%ip to 
su* re/rict$ contributor t is describ$ 9
 section #aeb7;c77#b77;,a74  7,g7       
,specifi$ college or univ]sity2 relat$  
organization ,= purposes ( ?is section--
 7i7 ,specifi$ college or univ]sity ,!  
t]m specifi$ college or univ]sity means 
any in/itution ( high] education 7z     

def9$ 9 section #aja ( ! ,high]         
,education ,act ( #aife7 o!r ?an an     
in/itution :i*--  7,i7 has a writt5     
policy t prohibits z a factor 9         
admissions decisions ! consid]ation (-- 
7aa7 direct or indirect donations f an  
applicant or family memb] ( an          
applicant1 &  7bb7 ! f9ancial ability ( 
an applicant or family memb] ( an       
applicant to make a donation1 &  7,,ii7 
demon/rates to ! satisfaction ( !       
,secret>y t su* policy is prop]ly en=c$4
  7ii7 ,relat$ organization ,! t]m      
relat$ organization means1 ) respect to 
any specifi$ college or univ]sity1 an   
organization :i*-- 7,i7 controls1 or is 
controll$ by1 su* specifi$ college or   
univ]sity1  7,,ii7 is controll$ by "o or
 m p]sons :i* also control su* specifi$ 
college or univ]sity1 or  7,,iii7 is a  
support$ organization 7z def9$ 9 section
 #eji7;f77#c771 or an organization      
describ$ 9 section #eji7;a77#c71 dur+ ! 
taxable ye> ) respect to su* specifi$   
college or univ]sity4  7,h7 ,no d\ble   

taxation ,any specifi$ contribution :i* 
is tak5 into acc\nt "u subsection 7a7 ) 
respect to an applicable *ild = any     
taxable ye> %all n be tak5 into acc\nt )
 respect to ano!r applicable *ild 9 any 
subsequ5t ye>4  7,i7 ,regulations ,!    
,secret>y %all prescribe su* regulations
 z may be necess>y or appropriate to    
c>ry out ! purposes ( ?is p>agraph1     
includ+ regulations t provide = ! prop] 
treatm5t ( legally b9d+ pl$ges & o!r    
types ( specifi$ contributions4  4  7b7 
,effective date ,! am5dm5t made by ?is  
section %all apply to taxable ye>s      
beg9n+ #a ye> or m aft] ! date ( !      
enactm5t ( ?is ,act4  #c4 ,in=mation to 
be collect$  7a7 ,program p>ticipation  
agreem5ts ,section #dhg7;a7 ( ! ,high]  
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajid7;a77 is am5d$ by add+ at ! end !  
foll[+3  7#cj7 ,! in/itution has a      
writt5 policy t prohibits z a factor 9  
admissions decisions ! consid]ation (-- 
7,a7 direct or indirect donations f an  
applicant or family memb] ( an          

applicant2 &  7,b7 ! f9ancial ability ( 
an applicant or a family memb] ( an     
applicant to make a donation4  4  7b7   
,title ,,iv audits ,section #dhg7;c7 ( !
 ,high] ,education ,act ( #aife 7#bj    
,u4,s4,c4 #ajid7;c77 is am5d$ by add+ at
 ! end ! foll[+3  7#h7 ,not)/&+ any o!r 
provisions ( ?is title1 ! ,secret>y %all
 prescribe su* regulations z may be     
necess>y to provide = a requirem5t t an 
eligible in/itution1 9 complet+ !       
compliance audit 9 accordance ) p>agraph
 7#a77;,a71 %all submit a copy ( !      
writt5 policy describ$ 9 subsection     
7a77#cj74  4  7c7 ,duties ( education   
/ati/ics c5t]  7#a7 ,high] ,education   
,act ( #aife ,section #acb7;i77#a7 ( !  
,high] ,education ,act ( #aife 7#bj     
,u4,s4,c4 #ajae;a7i77#a77 is am5d$ by   
add+ at ! end ! foll[+3  7,,aa7 ,)      
respect to /ud5ts :o are applicable     
*ildr5 7z describ$ 9 section            
#agj7;f77#ai77;,f7 ( ! ,int]nal ,rev5ue 
,code7 ( any p]son :o has made a direct 
or indirect donation to ! in/itution or 

a relat$ organization 7z def9$ 9 section
 #agj7;f77#ai77;,g77ii7 ( su* ,code7    
dur+ ! #f-ye> p]iod end+ ) ! cal5d> ye> 
9 :i* ! /ud5t appli$--  7i7 ! total     
numb] ( su* /ud5ts :o appli$ to !       
in/itution2  7ii7 ! total numb] ( su*   
/ud5ts :o 7 admitt$ by ! in/itution2 &  
7iii7 ! total numb] ( su* /ud5ts :o     
enroll$ at ! in/itution4  4  7#b7       
,education ,sci5ces ,re=m ,act ( #bjjb  
,section #aec7;a77#a7 ( ! ,education    
,sci5ces ,re=m ,act ( #bjjb 7#bj        
,u4,s4,c4 #iedc7;a77#a77 is am5d$--     
7,a7 9 subp>agraph 7,n71 by /rik+ & aft]
 ! semicolon2  7,b7 9 subp>agraph 7,o71 
by ins]t+ & aft] ! semicolon2 &  7,c7 by
 add+ at ! end ! foll[+3  7,p7 ) respect
 to /ud5ts :o are applicable *ildr5 7z  
describ$ 9 section #agj7;f77#ai77;,f7 ( 
! ,int]nal ,rev5ue ,code7 ( any p]son :o
 has made a direct or indirect donation 
to ! in/itution or a relat$ organization
 7z def9$ 9 section                     
#agj7;f77#ai77;,g77ii7 ( su* ,code7 dur+
 ! #f-ye> p]iod end+ ) ! cal5d> ye> 9   

:i* ! /ud5t appli$--  7i7 ! total numb] 
( su* /ud5ts :o appli$ to ! in/itution2 
7ii7 ! total numb] ( su* /ud5ts :o 7    
admitt$ by ! in/itution2 &  7iii7 !     
total numb] ( su* /ud5ts :o enroll$ at !
 in/itution2  4  7d7 ,in/itutional      
dissem9ation activities ,section        
#dhe7;a7 ( ! ,high] ,education ,act (   
#aife 7#bj ,u4,s4,c4 #ajib7;a77 is      
am5d$--  7#a7 9 subp>agraph 7,u71 by    
/rik+ & aft] ! semicolon2  7#b7 9       
subp>agraph 7,v71 by /rik+ ! p]iod &    
ins]t+ a semicolon2 &  7#c7 by add+ at !
 end ! foll[+3  7,w7 ! in/itution's     
writt5 policy t prohibits z a factor 9  
admissions decisions ! consid]ation (-- 
7i7 direct or indirect donations f an   
applicant or family memb] ( an          
applicant2 &  7ii7 ! f9ancial ability ( 
an applicant or a family memb] ( an     
applicant to make a donation2 &  7,x7 ) 
respect to /ud5ts :o are applicable     
*ildr5 7z describ$ 9 section            
#agj7;f77#ai77;,f7 ( ! ,int]nal ,rev5ue 
,code7 ( any p]son :o has made a direct 

or indirect donation to ! in/itution or 
a relat$ organization 7z def9$ 9 section
 #agj7;f77#ai77;,g77ii7 ( su* ,code7    
dur+ ! #f-ye> p]iod end+ ) ! cal5d> ye> 
9 :i* ! /ud5t appli$--  7i7 ! total     
numb] ( su* /ud5ts :o appli$ to !       
in/itution2  7ii7 ! total numb] ( su*   
/ud5ts :o 7 admitt$ by ! in/itution2 &  
7iii7 ! total numb] ( su* /ud5ts :o     
enroll$ at ! in/itution4  4  7e7        
,in=mation includ$ on tax in=mation     
returns  7#a7 ,9 g5]al ,section #fjcc ( 
! ,int]nal ,rev5ue ,code ( #aihf is     
am5d$ by r$esignat+ subsection 7n7 z    
subsection 7o7 & by ins]t+ aft]         
subsection 7m7 ! foll[+ new subsection3 
7n7 ,additional in=mation requir$ =     
in/itutions ( high] education ,e        
organization :i* is an in/itution (     
high] education 7z def9$ 9 section #aja 
( ! ,high] ,education ,act ( #aife7 &   
requir$ to file a return "u subsection  
7a7 %all include ) su* return--  7#a7 a 
copy ( ! writt5 policy describ$ 9       
section #dhg7;a77#cj7 ( ,high]          

,education ,act ( #aife1 &  7#b7 !      
in=mation describ$ 9 section            
#acb7;i77#a77;,,aa7 ( su* ,act4  4  7#b7
 ,effective date ,! am5dm5ts made by    
p>agraph 7#a7 %all apply to returns fil$
 = taxable ye>s beg9n+ #a ye> or m aft] 
! date ( ! enactm5t ( ?is ,act4