qualified organization
(6) Qualified organization For purposes of this subsection, the term “qualified organization” means 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). (B) Certain scientific research organizations Any organization not described in subparagraph (A) which— (i) is described in section 501(c)(3) and is exempt from tax under section 501(a), (ii) is organized and operated primarily to conduct scientific research, and (iii) is not a private foundation. (C) Scientific tax-exempt organizations Any organization which— (i) is described in— (I) section 501(c)(3) (other than a private foundation), or (II) section 501(c)(6), (ii) is exempt from tax under section 501(a), (iii) is organized and operated primarily to promote scientific research by qualified organizations described in subparagraph (A) pursuant to written research agreements, and (iv) currently expends— (I) substantially all of its funds, or (II) substantially all of the basic research payments received by it, for grants to, or contracts for basic research with, an organization described in subparagraph (A). (D) Certain grant organizations Any organization not described in subparagraph (B) or (C) which— (i) is described in section 501(c)(3) and is exempt from tax under section 501(a) (other than a private foundation), (ii) is established and maintained by an organization established before July 10, 1981 , which meets the requirements of clause (i), (iii) is organized and operated exclusively for the purpose of making grants to organizations described in subparagraph (A) pursuant to written research agreements for purposes of basic research, and (iv) makes an election, revocable only with the consent of the Secretary, to be treated as a private foundation for purposes of this title (other than section 4940, relating to excise tax based on investment income).