Section 17-30-204 - Property contribution(a) The initial property contributed to a statutory foundation may consist of tangible or intangible property, whether or not the contribution is made as a gift or otherwise.(b) After the contribution of initial property to the statutory foundation, and if permitted by the operating agreement of the foundation, additional contributions may be made to the statutory foundation by a founder or any contributor.(c) The tangible and intangible property of the statutory foundation may include:(i) Initial contributions of property;(ii) Additional contributions of property;(iii) Any accumulated income.Added by Laws 2019 , ch. 190, § 1, eff. 7/1/2019.