Nev. Rev. Stat. § 361.98 — Exemption of property of charitable foundations established by Board of Regents of University of Nevada

NRS  361.098    Exemption of property of charitable foundations established by
Board of Regents of University of Nevada.    All
real and personal property owned by a charitable foundation established by the
Board of Regents of the University of Nevada is exempt from taxation, but the
property must be taxed when it is used for any purpose other than carrying out
the legitimate functions of the foundation.