Gift Opportunities

Gifts of Cash

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.

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
	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.
	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 Stock

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 have appreciated provide an immediate benefit to SDSM&T and tax savings for you.

The Benefits to You:

	Current income tax saving.
	Bypass capital gains.

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 complete until the shares are received at the SDSM&T Foundation.

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

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.
	Bypass capital gains.
	Your taxable estate is reduced by the value of your gift.

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Endowments

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 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.

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):

A chair is the most prestigious named faculty position. It is used to attract and retain a truly outstanding scholar and educator – preferable – one with a national reputation. Contributions to establish an endowed chair may create a new faculty position. Income from the endowment is intended to sustain the position and may cover costs of salary, travel, and support.

Distinguished Professorship ($500,000)
A distinguished professorship is used to support a very productive faculty member who has a proven track record of scholarship. The endowment will generally be used to honor an existing faculty member.

Professorship ($200,000)
A professorship is used to support a gifted faculty member who shows outstanding teaching, research, and service. The endowment is generally used to supplement an existing position.

Early Career Fellowship ($100,000)
An early career fellowship is used to attract a new faculty member who shows great promise to an existing faculty position. Funds may be used to supplement salary or as start-up funding for the faculty member’s research and teaching program.

Faculty/Staff Enrichment Fund ($50,000)
Endowment support awards or stipends to faculty/staff to assist in financing such endeavors as research start-up, course development, conference attendance, or equipment/materials purchase. Awardees are selected by deans, directors, or department head.

Graduate Fellowship and Award ($50,000)
Endowments support graduate and post-graduate students through awards for tuition, fees, room and board, etc.

Distinguished Scholarship ($60,000)
The most prestigious scholarship assistance on campus provides assistance for incoming freshmen with renewable support for four years provided the recipient maintains requirements.

Presidential Scholarship ($60,000)
These merit-based scholarships provide support for incoming freshmen with renewable support for four years provided the recipient maintains requirements.

Scholarship ($30,000)
Endowed scholarships assure the availability of financial support for deserving, qualified students. Scholarships are used to recruit and retain the best and brightest SDSM&T students.

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Gifts-in-Kind

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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Matching Gifts

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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Contact Us:
SDSM&T Foundation
501 East Saint Joseph Street
Rapid City, SD 57701-3995
Phone: (605) 394-2436 / Toll Free: (800) 211-7591
Fax: (605) 394-6679
Email: SDSM&T Foundation