and include such plan on the institution’s website. (3) Educational guarantee A qualified institution of higher education (as defined in section 4968(e)(1)) shall not be treated as described in subsection (c)(3) unless— (A) at least 20 percent of the students of such institution are eligible to receive a Federal Pell Grant under section 401 of the Higher Education Act of 1965 for the academic year beginning in the taxable year, and (B) at least 50 percent of the students of such institution have household income for the taxable year that does not exceed 600 percent of an amount equal to the poverty line for a family of the size involved (determined under rules similar to the rules of section 4968(e)(8)). . (d) Clerical amendment The table of subchapters for chapter 42 of such Code is amended by adding at the end the following new item: Subchapter H. Failure by certain institutions of higher education to make certain payouts . (e) Effective date The amendments made by this section shall apply to taxable years beginning after the date of enactment of this Act. 3. Excise taxes on restricted donations to higher education institutions (a) Donor advised funds Section 4966 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: (e) Special rule for unrestricted donations to qualified institutions of higher education (1) In general In the case of any restricted distribution from a donor advised fund to an institution of higher education (as defined in section 170(p)(2))— (A) such distributions shall be treated as a taxable distribution for purposes of this section, and (B) subsection (a) shall be applied by substituting 100 percent for 20 percent . (2) Restricted distribution For purposes of this subsection, the term restricted distribution means a distribution restricted by the fund to a use other than scholarships. . (b) Private foundations Section 4945 of such Code is amended by adding at the end the following new subsection: (j) Special rule for unrestricted donations to