I am paying for my son's $50,000 tuition and $25,000 room each school year. Does this require to report as gift and file the Form 709?

My son is going back school for PhD. I am fully supporting him for all his expenses, which is about $75,000 each year. The tuition is $50,000 and room costs $25,000.

Does this require me  to report as a gift to my son and file the tax Form 709?