W. Va. Code § 18B-23-4
Establishment of women’s athletics endowments.
- (a) An eligible institution may establish a women’s athletics endowment to support women’s collegiate Olympic sports programs.
- (b) The commission may establish or designate a statewide women’s athletics endowment trust for the benefit of eligible institutions.
- (c) Funds contributed to an endowment shall be invested in accordance with applicable state investment standards, and only earnings may be expended.