{"data":{"id":"us-wv/w.-va.-code-18b-18a-5","jurisdiction":"us-wv","citation":"W. Va. Code § 18B-18A-5","heading":"Qualified private donations.","body":"(a) Private donations and pledges to a research endowment meet the criteria for designation as a qualified donation or qualified pledge under the following conditions:\n(1) The donation or pledge is expressly and specifically restricted by the donor for one or more of the eligible uses designated in section six of this article; however, nothing in this subdivision prohibits a participating institution from designating unrestricted gifts or bequests, or any portion thereof, for use as a qualified donation;\n(2) The individual donation or pledge is a minimum of $50,000 or is bundled with other qualified donations or qualified pledges to meet the $50,000 threshold; and\n(3) Donations or pledges may be accepted from individuals, partnerships, associations, public and private for-profit and nonprofit corporations and nongovernmental foundations.\n(b) The following may not be included as a qualified donation or a qualified pledge:\n(1) Any donation or pledge received by a participating institution or its affiliated research corporation or foundation prior to the effective date of this article;\n(2) Educational and general fees, auxiliary fees or other student fees generated by the participating institution;\n(3) Proceeds from promissory notes, bonds, loans or other instruments evidencing an indebtedness or any other obligation of repayment by the governing board to the maker of the instrument;\n(4) Any moneys or assets, other than qualified donations or qualified pledges, received from the participating institution's affiliated research corporation or foundation; or\n(5) Any other moneys received from the state or federal government.\n(c) The president of each participating institution or his or her designee shall make the initial determination of whether a donation or pledge meets the criteria for qualified donations or qualified pledges as set forth in this section. The president shall also provide a report to the governing board at least once each fiscal year regarding the amount of qualified donations and qualified pledges the participating institution has received.","path":["CHAPTER 18B. HIGHER EDUCATION.","ARTICLE 18A. DIRECTED RESEARCH ENDOWMENTS."],"source_url":"https://code.wvlegislature.gov/18B-18A-5/","current_through":"as of 2026-08-03; contains at least the enactments of the 2026 Regular Session","vintage":"","retrieved_at":"2026-09-06T00:25:06Z","sha256":"4f66ef2191b5217a075d1c78bf93bd7e224a2fdf2134e9e4c720df89fc58421c","source_id":"us-wv","stale":true,"prev":"us-wv/w.-va.-code-18b-18a-4","next":"us-wv/w.-va.-code-18b-18a-6"},"notice":"GroundRules: Original legal text. Not legal advice."}