Allows 501(c)(3) charities to give grants for collegiate housing and infrastructure to 501(c)(7) social clubs (such as fraternities and sororities) without risking their charitable or educational tax status. It defines what counts as a qualifying grant and who may receive it.

Funds must be used for dormitory‑type purposes permitted for a college or university dorm (e.g., rooms, safety systems, study/dining spaces, utilities). Grants used to provide physical fitness facilities do not qualify. Grants routed through title‑holding entities for the benefit of a 501(c)(7) are treated the same. Applies to grants made in taxable years ending after enactment.