The Board of Regents, on behalf of the Ethics Institute, may:
1. Enter into contracts with persons or governmental agencies who wish to use the services or facilities of the Ethics Institute.
2. Accept gifts or grants of money or property.
3. Receive and hold any real or personal property, including patents, copyrights, royalties and contracts.
4. Manage, invest, use and dispose of any property received, either as specified by the donor or for the furtherance of the objectives of the Ethics Institute.