National College of Art and Design Act 1971
Acceptance of gifts by An Bord.
23.—(1) An Bord may accept gifts of works of art, money, materials, equipment, land or other property.
(2) An Bord shall not accept a gift if the conditions attached to its acceptance by the donor are inconsistent with the functions of An Bord.
(3) Any funds of An Bord, being a gift or the proceeds of a gift to it, may, subject to any terms or conditions of the gift, be invested by An Bord in any manner in which a trustee is empowered by law to invest trust funds.