### Question
How does the law define nonprofit institution?


### Answer
Under *7 U.S.C. § 1932*, **nonprofit institution** is defined as:

> any organization or institution, including an accredited institution of higher education, no part of the net earnings of which inures, or may lawfully inure, to the benefit of any private shareholder or individual

#### Citation:
  - *7 U.S.C. § 1932*
  - Heading: **CHAPTER 50-AGRICULTURAL CREDIT > SUBCHAPTER I-REAL ESTATE LOANS**

