; related organization For purposes of this section— (i) Specified college or university The term specified college or university means any institution of higher education (as defined in section 101 of the Higher Education Act of 1965) other than an institution which— (I) has a written policy that prohibits as a factor in admissions decisions the consideration of— (aa) direct or indirect donations from an applicant or family member of an applicant, and (bb) the financial ability of an applicant or family member of an applicant to make a donation, and (II) demonstrates to the satisfaction of the Secretary that such policy is properly enforced. (ii) Related organization The term related organization means, with respect to any specified college or university, an organization which— (I) controls, or is controlled by, such specified college or university, (II) is controlled by one or more persons which also control such specified college or university, or (III) is a supported organization (as defined in section 509(f)(3)), or an organization described in section 509(a)(3), during the taxable year with respect to such specified college or university. (H) No double taxation Any specified contribution which is taken into account under subsection (a) with respect to an applicable child for any taxable year shall not be taken into account with respect to another applicable child in any subsequent year. (I) Regulations The Secretary shall prescribe such regulations as may be necessary or appropriate to carry out the purposes of this paragraph, including regulations that provide for the proper treatment of legally binding pledges and other types of specified contributions. . (b) Effective date The amendment made by this section shall apply to taxable years beginning 1 year or more after the date of the enactment of this Act. 3. Information to be collected (a) Program participation agreements Section 487(a) of the Higher Education Act of 1965 ( 20 U.S.C. 1094(a) ) is amended by adding at the end the following: (30) The