KRS 381.260: Grants-in-aid of charity valid.

(1) Every grant, conveyance, legacy, bequest, devise, gift, appointment, assignment and

transfer of property, whenever made and in whatever form, shall be valid (a) if

made to any corporation, association, trust, foundation, or similar organization or

entity, created or formed for and devoted solely to charitable, religious, scientific,

literary, educational, humane, benevolent or like purposes or, (b) except as

otherwise provided by statute, if it is made for any charitable or humane purpose

and if it points o ut with reasonable certainty the purposes of the charity and the

beneficiaries thereof.

(2) A grant, conveyance, legacy, bequest, devise, gift, appointment, assignment and

transfer of property, whenever made and in whatever form, is deemed to point out

with reasonable certainty the purposes of the charity and beneficiaries thereof if and

so long as the same is to or for the use of any corporation, trust, community chest,

fund, foundation, or other entity organized and operated exclusively for religious,

charitable, scientific, literary, or educational purposes, including the encouragement

of art and the prevention of cruelty to children or animals, no part of the net

earnings of which inures to the benefit of any private stockholder or individual

(except as reasonable compensation for services rendered), and no substantial part

of the activities of which is carrying on propaganda, or otherwise attempting, to

influence legislation, and which does not participate in, or intervene in (including

the publishing o r distributing of statements), any political campaign on behalf of

any candidate for public office, even though such corporation, trust, fund,

foundation or other entity is authorized to apply the trust income or property to any

class or classes of charita ble purposes mentioned above and the trustee or other

managing individual or body is able and willing to make the selection.