Gifts of marketable securities, stock, or closely held stock can be advantageous ways to make a substantial contribution to support South Dakota Mines. If the assets have long-term appreciation, it is a win-win opportunity for you under current tax laws. Such gifts should be discussed with professionals from the Center for Alumni Relations and Advancement prior to the time the gift is made.

Gifts of stock, bonds, treasuries and mutual funds that have long-term appreciation provide an immediate benefit to South Dakota Mines 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 South Dakota Mines CARA, take a charitable deduction for the fair market value, and not pay taxes on the capital gains portion of the gift 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 us, the postmark determines the date of transfer. If the stock is wire transferred from your broker to the CARA brokerage account, the transfer is not complete until the shares are received at South Dakota Mines CARA.

For wire transfers, please contact Audrey Boehm, Chief Financial Officer, South Dakota Mines CARA, 800.211.7591.

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