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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, director of financial services, South Dakota Mines CARA, 800.211.7591.

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Mines Advancement Fund

As the foundation of philanthropy at South Dakota Mines, the Mines Advancement Fund ensures the Center for Alumni Relations & Advancement (CARA) remains the focal point of giving, engagement, and alma mater pride. 
 
With every dollar gifted to the Mines Advancement Fund, CARA’s development team will raise an average of $9 more to support departments, scholarships, and programs. This is the sort of focus, efficiency, and mission-driven mindset that results in South Dakota Mines’ reputation for excellence.
 
Consider designating your gift to the Mines Advancement Fund to maximize your influence at South Dakota Mines. For more information, contact Lucas Lund, Annual Giving Director, at lucas.lund@sdsmt.edu.