qualified entity
(3) Requirements (A) In general An individual development account established under this subsection shall be a trust created or organized in the United States and funded through periodic contributions by the establishing individual and matched by or through a qualified entity for a qualified purpose (as described in paragraph (2)(B)). (B) “Qualified entity” defined As used in this subsection, the term “qualified entity” means— (i) a not-for-profit organization described in section 501(c)(3) of the Internal Revenue Code of 1986 and exempt from taxation under section 501(a) of such Code; or (ii) a State or local government agency acting in cooperation with an organization described in clause (i).