After leaving its longtime headquarters at Indiana University and abandoning plans to move to Albion College in Michigan, the Carnegie Classification of Institutions of Higher Education has settled into a new home: the American Council on Education.

ACE — a nonprofit organization for college and university leaders based in Washington, D.C. — will house the Carnegie Universal and Elective Classifications, bringing the two together under one roof for the first time, according to a press release. The official transfer from Indiana University to ACE will take place on March 15, although Carnegie will retain ownership of the classifications.

“We couldn’t be more excited to partner with the Carnegie Foundation for the Advancement of Teaching to open a new chapter in the evolution of the benchmark institutional classification system for higher education,” said said Ted Mitchell, president of ACE, in a press release. “Together, we look forward to working with the field to create a broad range of classifications that will paint a more three-dimensional and nuanced picture of institutional success.”

The two organizations will refine the classifications to “better reflect the public purpose, mission, direction and impact of higher education,” the press release said.

ACE and Carnegie will also develop a new classification to measure social and economic mobility which will be launched in 2023.

“Just as the universal classification and its complementary elective classification have exerted a considerable influence in the higher education sector, we foresee an even more beneficial influence occasioned by the introduction of a classification centered on social and economic mobility”, said Timothy Knowles, president of Carnegie. in the press release. “At the heart of this, the Foundation is committed to ensuring that the post-secondary sector remains a driver of economic opportunity for all. In partnership with ACE, I expect that over time, we will more directly align classifications, public policy, capital and learning with this overarching goal.