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+--- Thread: For profit to non-profit conversion... (/Thread-For-profit-to-non-profit-conversion)
For profit to non-profit conversion... - bjcheung77 - 03-15-2022
There seems to be a few institutions switching from for-profit to non-profit and a federal bill is trying to speed that up if possible.
More details here, Link: Federal bill would attempt to speed for-profit conversions to nonprofit colleges | Higher Ed Dive
For profit to non-profit conversion... - Tedium - 03-15-2022
Hey! That’s actually really cool! Wonder if APUS will try to convert? I could see them doing it.
RE: For profit to non-profit conversion... - SteveFoerster - 03-16-2022
Keiser University did that years ago. They were already doing things most for-profits don't do, though, like have a dorm.
For profit to non-profit conversion... - Tedium - 03-16-2022
Oh, weird. I didn’t look hard enough at Keiser and thought it was still for-profit. We opened a hotel in Tallahassee and I was scoping out local colleges.
RE: For profit to non-profit conversion... - LevelUP - 03-16-2022
Paying yearly local and state taxes on real estate can add up over the years.
There are a bunch of other tax breaks that non-profit brick-and-mortar schools receive.
Add to the fact that for-profit schools are seen in a negative light. This makes it favorable for schools to convert to a non-profit.
RE: For profit to non-profit conversion... - Alpha - 03-17-2022
Grand Canyon U tried to convert from for-profit to non-profit and were not allowed to do so. I don't remember the details as to why they were denied.
RE: For profit to non-profit conversion... - ss20ts - 03-17-2022
(03-17-2022, 01:15 PM)Alpha Wrote: Grand Canyon U tried to convert from for-profit to non-profit and were not allowed to do so. I don't remember the details as to why they were denied.
https://www.insidehighered.com/news/2021/01/15/grand-canyon-sues-us-education-department-rejecting-its-conversion-nonprofit-status
https://ministrywatch.com/grand-canyon-university-offers-1-2-billion-in-bonds-to-pay-off-transition-to-nonprofit/
RE: For profit to non-profit conversion... - Jonathan Whatley - 03-24-2022
Pacifica Graduate Institute, which offers on-campus and hybrid master's and doctorates in psychology- and mythology-related subjects with a Jungian and depth-psychology orientation, is one notable for-profit that seems like it'd fit in as a non-profit.