### Question
What does gross investment income mean?


### Answer
**Gross investment income** has the following meaning in *26 U.S.C. § 4940*:

> the gross amount of income from interest, dividends, rents, payments with respect to securities loans (as defined in section 512(a)(5)), and royalties, but not including any such income to the extent included in computing the tax imposed by section 511

#### Citation:
  - *26 U.S.C. § 4940*
  - Heading: **Subtitle D-Miscellaneous Excise Taxes > CHAPTER 42-PRIVATE FOUNDATIONS; AND CERTAIN OTHER TAX-EXEMPT ORGANIZATIONS > Subchapter A-Private Foundations**

