Endowments
Athletic Endowments
Scholarship Endowments
Endowed scholarships support student-athletes by directly underwriting essential costs including tuition, room and board, and books. A fully endowed scholarship provides our student-athletes with the support they need to focus on success in the classroom and in competition.
Scholarship endowments allow you to direct everlasting resources to the sport of your choice to impact the educational and athletic experiences of Jackrabbit student-athletes for years to come. Your endowment will help meet the financial needs generated by ever increasing scholarship costs. Three distinct endowment levels have been created.
| Level | Amount |
|---|---|
| Champions | $250,000 |
| Visionary | $100,000 |
| Leadership | $50,000 |
Program Endowments
SDSU Athletics seeks to attract and retain quality coaches to lead our student-athletes and prepare them for success in the classroom, in competition, and for life after SDSU. Program Endowments provide financial resources to supplement sport-specific operational budgets and special projects as identified by the head coach. Resources are used at the discretion of the head coach in consultation with the athletic director.
| Level | Amount |
|---|---|
| Athletic Director Chair | $3,000,000 |
| Head Coaching Positions | $1,000,000 |
| Assistant Coaching Positions | $500,000 |
| Excellence Fund Endowments | $250,000 |
Planned Giving
A planned gift to South Dakota State Athletics provides donors a unique outlet to make a lasting impact on the lives of our student-athletes.
Listed below are just a few of the many different types of planned giving.
Gifts That Pay You Income
Charitable Gift Annuities
When you set up a CGA with us, we make fixed annual payments to you, or someone you name, for life. Payments are based on your age on the date of the gift. After your lifetime, the remaining balance of your gift supports our mission.
Some advantages to a CGA include:
- A partial charitable deduction, when you itemize
- Payments for life (starting now or deferred)
- Capital gains income reportable over your life expectancy
Charitable Remainder Trusts
With a CRT, you can receive income each year for the rest of your life from assets—cash, stock or real estate—you give to the trust. Your income can be either variable or a fixed amount. After your lifetime, the remaining balance of your gift supports our mission.
Some advantages to a CRT include:
- A partial charitable deduction, when you itemize
- Up-front capital gains tax relief
- Professional management of assets available
- Future estate tax relief
Gifts That Make an Impact Today
Charitable Lead Trusts
If your estate is at a taxable level, a CLT is a powerful way to pass more to your heirs and make a gift to us.
How it works:
- You transfer assets into a lead trust
- The trust pays us for a specified term
- At the end of the term, the principal passes to your heirs with reduced tax liability
Bargain Sale
With a bargain sale, you sell real estate or other appreciated assets for less than fair market value to us. The difference between the actual value and the sale price is the gift, for which you are eligible to receive tax benefits.
Gifts That Make an Impact After Your Lifetime
Bequests
A donation in your will or living trust, called a bequest, allows you to support our work without parting with assets today.
Some advantages include:
- Simple to set up
- Can be changed at anytime
- Could provide estate tax relief
Beneficiary Designations
Everyone wins when you name us as the beneficiary to your retirement plan assets, life insurance or insurance annuities:
- You can leave other, less-taxed assets to your family
- You can also change your mind at any time
- Our organization can put the full amount of your gift to good work
Give My Home, But Live There For Life
Did you know that you can donate your house to us, but retain the right to live in it for the rest of your life?
Here are some advantages:
- You receive an income tax deduction
- You will avoid the hassle of selling the real estate
- You will feel satisfied knowing that your gift supports our mission
IRA Giving
Can an IRA rollover or DAF distribution be used for a gift to the Jackrabbit Club?
You can utilize either giving option to support Jackrabbit Athletics, as long as no benefits are received in exchange. Thus, the required minimum for Jackrabbit Club memberships and payments for seat licenses are not eligible for qualified charitable distributions from IRAs or DAFs.
What are examples of funds I can give towards using this method?
Donors can give toward any other fund in Jackrabbit Athletics, besides the Jackrabbit Club. This would include the First Bank & Trust Arena Renovation, other capital projects, excellence funds, or scholarship endowments.
Can I still give to Jackrabbit Club if I do not receive any benefits?
A donor can still give via IRA/DAF to the Jackrabbit Club to support student-athlete scholarships, but their gift cannot be used to meet any required seat licenses, and you will not receive any benefits related to this gift (such as parking passes or Jackrabbit Club gear).
For more information on leaving your legacy through a planned gift, please contact:
Athletics Development Office
2820 Stanley J. Marshall Center
South Dakota State University
Brookings, SD 57007
SDSU Gift Planning Team
giftplanning@sdstatefoundation.org