The board may accept and administer, on terms and conditions satisfactory to it, grants
or gifts of property, including real estate and money, that may be tendered to it
in aid of the planning, establishment, conduct, and operation of the school and in
aid of research and teaching at the school. The board may accept from the federal government or any foundation, trust fund,
corporation, or individual donations, gifts, and grants, including real estate, buildings,
libraries, laboratories, apparatus, equipment, records, or money, for the use and
benefit of the school.
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