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 SD Mines Foundation.

Works of art, antiques, rare books, coin collections, almost anything of value, can be used to make a gift to SD Mines. 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.

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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