NRS388.750. Compliance with Open Meeting Law; availability of records; exemption from certain taxes; nondisclosure of contributors.

      1.  An educational foundation:

      (a) Shall comply with the provisions of chapter 241 of NRS;

      (b) Except as otherwise provided in subsection 2, shall make its records public and open to inspection pursuant to NRS 239.010; and

      (c) Is exempt from the taxes imposed by NRS 375.020, 375.023 and 375.026 pursuant to subsection 12 of NRS 375.090.

      2.  An educational foundation is not required to disclose the names of the contributors to the foundation or the amount of their contributions. The educational foundation shall, upon request, allow a contributor to examine, during regular business hours, any record, document or other information of the foundation relating to that contributor.

      3.  As used in this section, “educational foundation” means a nonprofit corporation, association or institution or a charitable organization that is:

      (a) Organized and operated exclusively for the purpose of supporting one or more kindergartens, elementary schools, junior high or middle schools or high schools, or any combination thereof;

      (b) Formed pursuant to the laws of this State; and

      (c) Exempt from taxation pursuant to 26 U.S.C. § 501(c)(3).

      (Added to NRS by 1993, 2305; A 2003, 3491; 2003, 20th Special Session, 204; 2005, 963; 2011, 1356)