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TCA 49-7-606

Contributions and gifts to fund

PENDINGUnknown

What does this charge mean?

Individuals, businesses, and organizations can make tax-deductible contributions and gifts to university trust funds to support educational programs and facilities.

Penalty Details

ClassificationUnknown
Penalty SummaryClassification not specified
(a) Any person, association or corporation may make contributions to the trust corporation for the benefit of the trust pursuant to this part, and the trust corporation is authorized to accept funds and deposit the funds in the trust for higher education. Ask a legal question, get an answer ASAP!(b) In addition, the trust corporation is authorized to accept gifts of land for the benefit of the trust. Gifts of land shall be made in the name of the trust corporation with appropriate language of limitation.
View on official sourceLast verified: Feb 25, 2026

Quick Facts

PENDING
TCA Section49-7-606