20 U.S.C. § 4419 : US Code - Section 4419: Nonprofit and nonpolitical nature of Institute

Search 20 U.S.C. § 4419 : US Code - Section 4419: Nonprofit and nonpolitical nature of Institute

(a) Stock
The Institute shall have no power to issue any shares of stock or
to declare or pay any dividends.
(b) Nonprofit nature
No part of the income or assets of the Institute shall inure to
the benefit of any director, officer, employee, or any other
individual except as salary or reasonable compensation for
services.
(c) Nonpolitical nature
The Institute may not contribute to, or otherwise support, any
political party or candidate for elective public office.