72-1174. Moneys derived from gifts or donations; transfers to community foundations. (a) As used in this section:
(1) "Community foundation" or "foundation" means any community foundation or community trust to which deductible contributions can be made by individuals, corporations, public charities and private foundations, as well as other charitable organizations and governmental agencies for the overall purposes of the foundation or to particular charitable and endowment funds established under agreement with the foundation or trust for the charitable benefit of the people of a specific geographic area and which is a nonprofit organization exempt from federal income taxation pursuant to section 501(a) of the internal revenue code of 1986, as in effect on the effective date of this act, by reason of qualification under section 501(c)(3) of the internal revenue code of 1986, as in effect on the effective date of this act, and which is deemed a publicly supported organization and not a private foundation within the meaning of section 509(a)(1) of the internal revenue code of 1986, as in effect on the effective date of this act.
(2) "Moneys" means any moneys derived from gifts or donations to the school district which are not immediately required for the purposes for which the moneys were received.
(b) The board of education of any school district may transfer moneys to a community foundation. Moneys transferred to a foundation pursuant to this section shall be deposited into a restricted fund by the foundation and shall remain subject to any restrictions imposed by the original donor of such moneys. Any distribution from the fund shall be made: (1) To, or for the benefit of, the school district; or (2) for a specific purpose as directed by the original donor, or the successors or agents of such donor, and agreed to by the school district.
History: L. 2009, ch. 68, ยง 1; July 1.
Structure Kansas Statutes
Article 11 - School District Board Of Education Powers And Duties
72-1132 Name and style of unified districts.
72-1133 Boards of education; president and vice-president; election; terms of office; duties.
72-1135 Clerk; appointment and duties.
72-1136 Treasurer; appointment and duties; surety bond required.
72-1139 Same; state board definition.
72-1140 Expenses of board of education members.
72-1141 Judgments against school districts; tax levy, use of proceeds.
72-1142 Legal successor of rights and powers; bequests and donations.
72-1144 Acquisition of real property under eminent domain power; conditions; procedures.
72-1145 Dues payments to Kansas association of school boards authorized.
72-1146 Contracts; indemnification or hold harmless provisions, void.
72-1147 Contracts; governed by Kansas law.
72-1148 Contracts; mandatory provisions.
72-1154 Criteria for use; alternative project delivery.
72-1155 Procedures; construction management at-risk projects.
72-1156 Bid proposals, other; open for public inspection.
72-1157 Parking lots excluded.
72-1161 Fiscal year of school districts.
72-1162 Annual budget and tax levy; certification.
72-1164 Profile of school district; contents; notice of availability.
72-1165 School district internet-based data reporting system.
72-1166 Compilation and report of expenditures; verification by department.
72-1167 Kansas uniform financial accounting and reporting act.
72-1169 Payments required to be paid by districts; insufficient revenues.
72-1170 Transfer of funds when school district in more than one county.
72-1174 Moneys derived from gifts or donations; transfers to community foundations.
72-1178 School activity funds.
72-1179 Special liability expense fund; uses of money.
72-1180 Special reserve fund; uses of money.
72-1181 Publication of certain financial and accountability reports; requirements.