nonprofit universities

Nonprofit universities are higher education institutions that operate primarily to serve the public good rather than to make a profit. Any revenue they generate is reinvested into the university to improve academic programs, facilities, and student services. They often rely on tuition, donations, and grants, and typically qualify for tax-exempt status. Unlike for-profit institutions, their mission centers on education, research, and community benefit. This structure aims to prioritize academic quality and affordability over shareholder profits, fostering an environment focused on student success and social contribution.