Wisconsin Statutes 25.73 – Historical society endowment fund
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 25.73
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
There is established a separate nonlapsible endowment fund designated as the historical society endowment fund, to consist of all gifts, grants, or bequests made to the fund. Notwithstanding s. 20.907 (1), the historical society may convert any noncash gift, grant, or bequest into cash.