WV SB502

Establishes permanent endowment funds for women's collegiate Olympic sports programs at NCAA Division I public institutions in West Virginia, with only earnings (not principal) available for expenditure

Provides state matching contributions to endowments based on verified institutional cost savings from operational efficiencies, administrative consolidation, and similar measures certified by the Higher Education Policy Commission

Creates a 50% tax credit against personal income or corporate net income tax for private donations to women's athletics endowments, subject to annual caps set by the Legislature

Restricts endowment earnings to direct program expenses including scholarships, coaching staff, equipment, facilities, and travel for women's collegiate Olympic sports

Requires annual reporting from institutions on cost savings, contributions, expenditures, and Title IX compliance, with periodic independent audits of endowment funds