34 C.F.R. § 692.101
(b) Degree-granting institution of higher education. A degree-granting institution of higher education that is in a partnership under this subpart—
(d) Philanthropic organization or private corporation. A philanthropic organization or private corporation in a partnership under this subpart shall provide non-Federal funds for LEAP Grants under GAP for participating students or provide funds or support for early information and intervention, mentoring, or outreach programs.
(Approved by the Office of Management and Budget under control number 1845-NEW7)
(Authority: 20 U.S.C. 1070c-3a)