Section 23
SEC. 23. The Board and its agencies, as well as the University of the Philippines, are hereby authorized and empowered to receive grants, bequests and donations, made or given for the purpose of aiding scientific and technological investigations or establishing scholarships in the fields of science, engineering and technology. Such grants, bequests and donations shall be tax-exempt and upon certification of the Board or the University that said grants, bequests and donations are dedicated to the purposes above-mentioned.