“Institution” defined.

NRS 164.653 “Institution” defined. “Institution” means: 1. A person, other than an individual, organized and operated exclusively for charitable purposes; 2. A government or governmental subdivision, agency or instrumentality, to the extent that it holds funds exclusively for a charitable purpose; and 3. A trust that had both charitable and noncharitable interests, after all noncharitable interests have terminated. (Added to NRS by 2007, 112)