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2014 Official Opinions Op. Nev. Att'y Gen. 1 (2014)

handle is hein.sag/sagnv9109 and id is 1 raw text is: STATE OF NEVADA
OFFICE OF THE ATTORNEY GENERAL
100 North Carson Street
Carson City, Nevada 89701-4717

CATHERINE CORTEZ MASTO
Attorney General

KEITH G. MUNRO
Assistant Attorney General
GREGORY M. SMITH
Chief of Staff

January 7, 2014

OPINION NO. 2014-01

NEVADA JUNIOR LIVESTOCK SHOW
BOARD; SCHOLARSHIPS: INVEST-
MENT: The Nevada Junior Livestock
Show Board may encourage donations
to a private nonprofit entity, such as
Nevada Agricultural Foundation, for
administration and investment.

Matt McKinney, President
Nevada Junior Livestock Show Board
P.O. Box 8026
Reno, Nevada 89507
Dear Mr. McKinney:
You have requested an opinion from the Office of the Attorney General
concerning the authority of the Nevada Junior Livestock Show Board (NJLSB) to
transfer, to the Nevada Agricultural Foundation (NAF), funds donated to NJLSB for
scholarships or other educational assistance to show participants. Funds so transferred
would be treated by NAF as a donation to be held by NAF as a conditional endowment.
NAF would invest and administer such funds, but NJLSB would continue to select
scholarship recipients, and indicate amounts and duration of the awards. NJLSB may
also encourage future donations be made to NAF or other similar nonprofit entities for
scholarships in support of the Livestock Show.

Telephone 775-684-1100 . Fax 775-684-1103 . www.ag.state.nv.us . E-mail aginfo@ag.state.nv. us

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