Grand Canyon University must follow for-profit rules despite its return to nonprofit status, feds say – AZ Central
Grand Canyon University will still be treated as a for-profit university by the U.S. Department of Education despite its recent change to nonprofit status, the department told the school.
The university was given clearance by its accrediting body and the Internal Revenue Service last year to return to nonprofit status. At the time, GCU President Brian Mueller, who is also the CEO of the for-profit Grand Canyon Education, said the school wanted to be a nonprofit again to benefit its students and ensure the long-term legacy of the institution.
The university has been operating as a nonprofit since July 2018. A separate, for-profit company called Grand Canyon Education provide services such as marketing, accounting and human resources to GCU and other universities.
Grand Canyon Education, the for-profit, shared the information about the Department of Education’s decision during an earnings call on Wednesday.