C.R.S. § 23-3-106
23-3-106. Contributions to commission
23-3-106. Contributions to commission. (1) The commission is empowered to accept and receive from any individual, association, or corporation or any governmental unit gifts, grants, donations, or contributions of money or property.
(2) Such contributions or the proceeds thereof shall be used by the commission in furtherance of postsecondary education.