Wills and Bequests

A bequest is one of the easiest gifts to make. With the help of an advisor, you can include language in your will or trust specifying a gift be made to the SD Mines Foundation as part of your estate plan. The benefits of making a bequest include leaving a lasting legacy, lessening the tax burden on your estate, and impacting the lives of others through your gift.

Types of Bequests

  • Specific Bequest-A specific bequest involves making a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to SD Mines Foundation.
  • Percentage Bequest-Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to SD Mines Foundation.
  • Residual Bequest-A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to SD Mines Foundation.
  • Contingent Bequest-A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home would go to SD Mines Foundation.
  • Restricted Bequests-
    • If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.
    • If you are making a restricted bequest, we recommend that your attorney include a provision to give South Dakota School of Mines and Technology Foundtion flexibility should it no longer be possible for us to use your gift as you originally intended (see sample bequest language).

View Sample Bequest Language

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The Mines Annual Fund helps to achieve the University's mission. Gifts to the Mines Annual Fund will support the efforts of the Alumni Association, the Foundation and the Hardrock Club to provide exceptional program support. A gift to the Mines Annual Fund is an expression of your support to your alma mater and will make an immediate impact on programs and student success. Leave your legacy today!

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