Common meaning:

Educational institution that provides students with advanced instruction in various areas of learning, and once they have met the standards, conferring on them a degree. 

Hidden meaning of the Equity religion: 

Liberal education institution that has been co-opted and completely converted to the religion of Equity.

Discussion:

The Equity believers saw liberal education as an oppressive construct that needed to be eliminated. Equity ideology needed to be inserted into the curriculum in order to bring about balance and equity.

The Equityists consider the changes they have brought about in universities to be a wonderful thing. They have transitioned the liberal educational institution into a platform to spread their religion.

For years, the virus of religious Equity multiplied within departments of universities. In particular in education, sociology, women studies and gender studies. This religion has now spread from these subjects and injected itself into the blood stream of our western societies.

A religious virus bred in higher education is threatening to take over.