Establishing a 501(c)(9) trust to fund tuition assistance

[Guest Ira Hayes]

Would appreciate jist of a case study where a private institution of higher learning subject to FAS #106 set up a trust to level cost of tuition assistance provided to retired staff and faculty to aid them in paying for tuition of children, for example:

• Can it be done legally
• What guidelines are there on setting trend assumption for cost increases in tuition
• What investment restrictions are there?

Thanks much,

Ira