; (iii) funds that are included in the State share under section 786(b), except as provided in subparagraph (A)(ii), including funds included in the State share in accordance with paragraph (2)(A) of such section; (iv) amounts that are portions of multiyear appropriations to be distributed over multiple years that are not to be spent for the year for which the calculation under this paragraph is being made, subject to subparagraph (C); (v) tuition, fees, or other educational charges paid directly by a student to an institution of higher education or to the State; (vi) funds for— (I) financial aid to students attending, or operating expenses of— (aa) out-of-State institutions of higher education (including for the purpose of exclusive online enrollment at an out-of-State institution); (bb) proprietary institutions of higher education (as defined in section 102(b)); or (cc) institutions of higher education not accredited by an agency or association recognized by the Secretary pursuant to section 496; (II) financial aid to students awarded predominantly or significantly on the basis of merit; (III) research and development; or (IV) hospitals, athletics, or other auxiliary enterprises; (vii) corporate or other private donations directed to 1 or more institutions of higher education permitted to be expended by the State