### Question
Can you define what qualified organization means?


### Answer
**Qualified organization** is defined as the following in *26 U.S.C. § 41*:

> any of the following organizations:


#### (A) Educational institutions


Any educational organization which—


(i) is an institution of higher education (within the meaning of section 3304(f)), and


(ii) is described in section 170(b)(1)(A)(ii)

#### Citation:
  - *26 U.S.C. § 41*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter A-Determination of Tax Liability > PART IV-CREDITS AGAINST TAX > Subpart D-Business Related Credits**

