Section 6
SEC. 6 Section twenty-four of Republic Act Numbered Two thousand sixty-seven is hereby amended to read as follows: "SEC. 24. The Board shall promote and, in its discretion, assist in the establishment of private foundations for scientific advancement as well as specific research and development projects by private individuals, firms and institutions. All funds contributed to the support and maintenance of such foundations and their projects as well as specific research and development projects undertaken by private individuals and educational institutions, shall be tax-exempt and deductible from the donor's income tax returns, upon certification by the Board that such foundations and funds are dedicated to scientific pursuits. All income of whatever kind and character which such foundations may derive, from any of their properties, real or personal, or from their investments shall also be tax exempt."