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The simplest way to make a gift is with cash. The "Area of Greatest
Need" designation allows your gift to be used where it is most needed.
Giving cash is popular due to its simplicity.
Cash gifts may be made by currency, check, money order, bank draft or credit
card. You will
receive a charitable income tax deduction for the amount of the gift.
The Benefit to You:
 | Current income tax savings, thus lowering the cost of your gift.
You can claim charitable deductions up to 50% of your adjusted gross income for gifts of
cash in the year you make the gift. Excess deductions may be carried over for up to
five years.
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How to Make a Cash Gift:
| Send a check or money order made payable to the SDSM&T Foundation, along with an
indication of if and/or where you would like your gift designated, to:
SDSM&T Foundation, 501 East Saint Joseph Street, Rapid City, SD 57701-3995
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| Use your credit card. Simply call our office at (605)
394-2436/(800) 211-7591 and indicate that you'd like to make a gift by credit card.
We will need your card number, type of credit card (Visa, MasterCard, Discover),
expiration date, amount of your gift, your full name as it appears on your card, and if
and where you would like the gift to be designated.
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| Check with your employer's personnel office to see if your contribution
is eligible to be matched, a benefit that can double or even
triple your gift.
To find out more about making gifts of cash, please contact our office by email or call (605) 394-2436 or (800)
211-7591.
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Gifts of marketable securities, stock, or closely held stock can be
advantageous ways to make a substantial contribution to support SDSM&T. If they
have increased in value over the past 12 months, they are a win-win opportunity for you
under current tax laws. Such gifts should be discussed with professionals from the
Foundation prior to the time the gift is made.
Gifts of stock, bonds, treasuries and mutual funds that Gifts of
appreciated securities provide an immediate benefit to SDSM&T and tax savings for you.
The Benefits to You:
| Current income tax saving.
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| Bypass capital gains.
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Stock Power
An individual can gift stock to the SDSM&T Foundation, take a
charitable deduction for the fair market value, and not pay taxes on the capital gains
portion of the value. The gift value is established by the mean between the stock high and low price on the date
of transfer.
If the stock certificate is mailed to the SDSM&T Foundation, the postmark determines
the date of transfer. If the stock is wire transferred from your broker to the
brokerage account of the SDSM&T Foundation, the transfer is not completed until the
shares are transferred on the books of the brokerage firm.
For wire transfers, please contact Lana Thom, SDSM&T Foundation Director of Financial
Services at (800) 211-7591.
Send me additional information on Stock Power
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Gifts of real estate offer great flexibility in financial planning.
All proposed gifts of real estate are reviewed by the Foundation before the gift is
accepted. Real estate includes homes, cabins, commercial buildings, farm land, and
other property.
The Benefits to You:
| Current income tax savings.
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| Bypass capital gains.
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| Your taxable estate is reduced by the value of your gift.
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Endowments form a long-term foundation for student, faculty, and
institutional growth and development.
Current gifts and those made through numerous planned giving vehicles are the nucleus of
the endowment which then fulfills the donor's wishes in perpetuity.
Endowment principal is maintained and yearly earnings only are used to
fund the purpose you choose.
We offer an opportunity to build principal where by you make contributions, we add yearly
earnings, and the combination will add up to the desired principal goal.
You can designate your gift to benefit one or more areas of your choosing, or make an
unrestricted gift, meaning funds will be used where the need is greatest at SDSM&T.
Your final choice depends upon your personal priorities, financial status and
charitable goals.
The goal of this policy is to ensure that the donor's intended wishes are as meaningful in
the next century as they are today.
Gifts of endowments, more than any other form of support, enable wise and flexible use of
resources to meet ongoing needs while providing for new initiatives.
Endowed Chairs ($1,500,000 and above):
An endowed chair is the highest honor SDSM&T may bestow on a member of the faculty.
A chair helps attract and retain top faculty by demonstrating the strongest commitment on
the part of the School and its supporters to a given discipline.
Endowed Professorships ($100,000 and above):
An endowed professorship is awarded to professors in recognition of their outstanding
teaching, research and service.
Income from the endowment or gift will be used in combination with other funds to
partially support the teaching and scholarly activities of the recipients.
Laboratory Endowment ($30,000 and above):
Laboratory endowments provide support for state-of-art laboratory facilities for
departments at SDSM&T.
Endowed Scholarships ($30,000 and above)
Endowed scholarships assure the availability of financial support for deserving, qualified
students who want to attend SDSM&T.
Need-based scholarships provide financial assistance to students who may not otherwise
have the financial ability to attend Tech, while merit-based scholarships recognize and
reward academic excellence.
Endowment Educational Program Support ($30,000 and above):
Educational Program Support endowments provide support for library collections, specific
departments or programs, and laboratories to help meet the educational needs at
SDSM&T.
A variety of opportunities exist for establishing endowments as well as for naming
opportunities that coincide with your interests.
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Each year, a wide variety of gifts-in-kind are received, including
computer and lab equipment, books and more.
Gifts-in-Kind require an independent appraisal of the fair market value
before the gift is made. Restrictions by the donor regarding the sale, maintenance,
administration, and display of such gifts are possible, but subject to review and approval
by the SDSM&T Foundation.
Works of art, antiques, rare books, coin collections, almost anything of
value, can be used to make a gift to SDSM&T. If you donate these gifts during
your lifetime, you may be entitled to a charitable income tax deduction of either your
cost basis or the property's current fair market value. Gifts of personal property
are subject to certain conditions that do not apply to gifts of cash, securities or real
estate. Gifts valued at more than $5,000 must have a qualified appraisal in order
for the donor to obtain a tax deduction. Therefore, before making such a gift, you
should first contact the Foundation to discuss details of use, valuation and
deductibility.
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Many companies, from large to small, local to national, have matching gift
programs. When you make a gift, please check with your personnel office to see if your
company has a matching gifts program. Get the matching gift form and follow the directions
for matching, doubling or even tripling your gift.
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