Grand Canyon University moves back toward non-profit status

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(Source: 3TV/CBS 5) (Source: 3TV/CBS 5)
PHOENIX (AP) -

Grand Canyon University says the Higher Learning Commission has approved its application to regain its non-profit status.

Officials for the Arizona school said Tuesday that the move will help return the university to its roots.

[RELATED: Arizona's Grand Canyon University seeking nonprofit status]

Brian Mueller, the university's president and CEO, says that non-profit status will put the private Christian school on a level playing field with other institutions for tax status, philanthropic contributions and research grant opportunities.

The company that has been operating the school will sell its academic-related assets to a non-profit entity carrying the university's name and will continue providing services like accounting and human resources.

The structure is similar to many non-profit universities that outsource services to third-party providers.

Grand Canyon University has 19,000 students at its Phoenix campus and another 70,000 online students.

[RELATED; Big Man on Campus goes to Grand Canyon University]

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