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Gifts of CashThe 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:
How to Make a Cash Gift:
Gifts of StockGifts 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:
Stock PowerAn 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. Gifts of Real EstateGifts 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:
EndowmentsEndowments form a long-term foundation for student, faculty, and
institutional growth and development. Endowment principal is maintained and yearly earnings are used to
fund the purpose you choose.
Distinguished Professorship
($500,000)
Professorship
($200,000)
Early Career Fellowship
($100,000)
Faculty/Staff Enrichment Fund
($50,000)
Graduate Fellowship and Award
($50,000)
Distinguished Scholarship
($60,000)
Presidential Scholarship ($60,000)
Scholarship
($30,000) Gifts-in-KindEach 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. Matching GiftsMany 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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